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Did campaign contributions and lobbying by the financial sector contribute to the meltdown on Wall Street?

Results so far:

Yes
72% 127 votes Total: 176 votes
No
28% 49 votes

Out with the old and in with the new

We have approached a unique place in he history of the modern world. A new world if i may say. The United States is a unique experiment in a plan for a fair, peaceful and prosperous existence among a free people. A country that is supppose to allow for free trade, free speech, opportunities unlike other countries in the form of free enterprise. Yet with all this freedom also came the freedom to fail and the temptation to cheat.

Competition has long been the driving force of a strong economy. Competition also played a role in the creation of new technology and new products. That was the old america where there were small pet shops, gas stations owned by entreprenuers that hired family and neighbors. These were businesses that were suppose to climb the latter and one day maybe incorporate or simply expand with the assistance of the banking institutions. In this day maybe a secondary lender. Small business should be compared to the farm system such as the one that baseball has. You could scout your minor league system and basicly make a determination as to what we could look to in the future. The outlook is bleak if we look at the businesses that are going to be the new big businesses of the new generation.

Just ten years ago teachers were telling students to prepare for the computer generation and the digital age. there is only so much that can be gained from a digital society. Thier must be and equal balance of technological and administrative jobs and service jobs. The investment into those industries must be balanced. Its just like a ship if one side has too much weight the ship will tip over. America and wall street are suffering from a lack of new technology and small businesses that have shown strength and have now became successful big businesses that now need to incorporate and thereby give investors new businesses to invest in and profit from. Those being working class individuals and outside investors. Outside meaning foreign. yet the govt should put a percentage of a business that can be sold to foreign investors. Just keepin the business american owned. Yet allowing limited opportunities to allies to invest and experience the american experience.

Lots of individuals went to jail that did not deserve to. I will start with Ken lay. Ken lay and enron had scouts going around in the Houston area that hired individuals that had college degrees. They were making six figure salaries. They also teamed up with Wells fargo to


Below are the top articles rated and ranked by Helium members on:

Did campaign contributions and lobbying by the financial sector contribute to the meltdown on Wall Street?

No
  • 1 of 7

    by Lisa Bells

    It seems that Wall Street has become the focus of the world, for its financial crisis and then the bailout program. We witnessed

    read more

  • 2 of 7

    by Rayne Britt

    I don't believe lobbyists are the reason for this particular problem. I have seen a lot of good ideas and insights into the

    read more

Yes
  • 1 of 13

    by T. M. Beeker

    ENRON was proof positive of this situation. The depth of corruption and blatant manipulation of the market should have resulted

    read more

  • 2 of 13

    by Jeremy Horne

    Why should one be surprised about this assertion?

    People do not understand context.. Think of your little boxes of "campaign

    read more

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