Scott Garrett and "the Free Market Economy"

by: johnconstantine

Mon Jun 15, 2009 at 12:01:23 AM EDT

Promoted from the diaries. Keep 'em coming, Retire Garrett. Are there any other independent opposition groups forming in any of our other congressional districts? It's never to early to start, you know - - Rosi

This is the most recent post from RetireGarrett.com. Although Blue Jersey readers don't need to be told that free market economies don't work, the Retire Garrett Campaign is attempting to work on certain frameworks that will most effectively convince voters of Rep. Garrett's incompetence. One idea put forward is attacking Garrett's belief that the market does not need to be regulated in any way, shape, or form. What do you think?

"market, heal thyself" - Scott Garrett

We hear a lot from Scott Garrett about the free market. He praises it. He thinks the unfettered free market is a boon to America. He thinks the lack of an entirely free market caused the economic meltdown. We now know Scott Garrett was wrong.

There is agreement across the spectrum from the left to the right that the abolishment of regulatory oversight was a major contribution to the meltdown and our recent economic troubles. No one was watching the cookie jar.

The free market philosophy can only work if the people handling our banks and financial institutions are honest and trustworthy. Of course, many are but too many are not. Hello Madoff, Thain, Enron, AIG, Bear Stearns etc. This is not new. History clearly shows how people seek advantages over others, permit greed to overcome good character, conform when they need to whistle blow, take risks with other peoples? assets and money and more. This is not new and it is not likely to stop or change.

johnconstantine :: Scott Garrett and "the Free Market Economy"

Since it is difficult to be assured of honesty and trustworthiness, our economic institutions must be monitored and appropriate regulations must be put in place to prevent bad behavior from undermining our country. While these measures would not guarantee an end to dips in the economy and high unemployment rates, it would certainly decrease the chances of their occurring in such an extreme fashion.

Additionally these measures would prevent people from losing the entirety of their savings and pensions.

The unfettered free market has led to a weakened America. It is actually patriotic to support appropriate regulation to keep America strong.

Scott Garrett ? are you so naïve or just in bed with the financial lobbyists?

District 5 voters, we really do need a Congressman that understands history along with human behavior and will vote to protect our interests. Say No to Garrett and YES to a strong America..