AmericanPapist Comments
Ack!
" the idea of global governance in order to bring justice, transparency and responsibility "
National governments caused this mess!
How are they supposed to "bring justice, transparency and responsibility" when all they seem to bring is whimsical laws arbitrarily enforced, a dense fog of regulations and requirements, and channels through which usurers and thieves get rewarded for running companies they were entrusted to into the ground?
Right. I can't fathom how anyone but Euro-socialists, their goofy US allies, and their Communist enemies, think big government is the answer to ANYTHING.
Ed, you're so right. It seems like whenever government intervenes, think Fannie and Freddie, Sarbanes Oxley, they only make things worse for Americans. It's an illusion that government is the answer to these problems. There was an excellent piece published by 2 professors at UCLA the other day which demonstrates that the "New Deal" actually extended the Depression by 7 years. I think there are sufficient criminal statutes at both the federal and state level to deal with crooks. You don't regulate an economy or a sector of the economy because 2-3% of the players are crooks. Tom
Double ack-another example of ecclesiastical gobbledegook!
It's simple-all boils down to GREED!
And don't get me started on all the 'regulations and requirements' that government likes to foist on us ordinary folks!
I think the Government is the answer, original 1776 style....right now we need Divine intervention: From:
WONDERFUL, COUNSELOR, THE MIGHTY GOD, THE EVERLASTING FATHER, THE PRINCE OF PEACE...Isaiah 9:6
Global government!
One world order!
How did the people who wrote the Bible thousands of years ago, know that this was going to happen?
Delle
Bishop Marx, how appropos is that name?
I'm afraid that the good bishop is clueless about economics. Government got us into this mess, and he thinks government will solve it?
How about telling the truth about this problem?
People who have no ability to pay their mortgages bought homes. Yes, the government legislated provisions to create sub prime mortgages to the Community Reinvestment Act, but ultimately, it is the individual person's responsibility. No one forced those people to take those loans. No one is forcing borrowers to buy on credit.
Until we Americans learn to live within our budget, we will see this problem arise over and over again.
The bishop would better serve if he addressed the issue of financial personal responsibility, rather than propping up the EU nanny state.
"Until we Americans learn to live within our budget..."
Some of us have lived that way for pretty much all of our adult lives.
Ed Peters:
A huge portion of Americans do not.
The amount of bankruptcies, credit card debt, second mortgages, equity lines of credit is breath taking. People are living way beyond their means and the Wall St. mess is the culmination of that foolishness.
My parents' generation (Depression era) paid cash for everything. They did not like to borrow money or use credit.
Our society has lost that sense of fiscal responsibility, and perhaps another Great Depression will shake us out of that bad habit.
Oh great. The opinions of a bunch of Europeans. I wish we had more rugged individualism. Maybe we wouldn't have so many people who live on credit, bought houses they could't afford, didn't need, and people who are wandering around expecting the government to just fix their messes.
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