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  1. fraxinus

    fraxinus Feeling the Heat

    Joined:
    Aug 3, 2007
    Messages:
    334
    Loc:
    coastal Maine
    Just yesterday Treasury Secretary Paulson called for increased regulation of the mortgage market thereby winning the "Let's close the barn door now that the horses are about five miles down the road" award. So far no one seems concerned with the dangerously under-regulated commodity speculators and hedge funds. The auction analogy for the commodities markets holds only when the auctions are honest. Currently, they are anything but. Operating with billions of dollars and almost no oversight, the hedgers and speculators can manipulate prices (thus 3.60+ for heating oil) as well as play the international exchange rates. They earn additional billions by exploiting the rest of us. No, heating oil and gasoline are not ever going to be as cheap as they were two years ago, but there is no reason why the already wealthy few should be allowed to further enrich themselves at the expense of everyone else. Our 30 or so year experiment with laisezz-faire capitalism and "perfect" market regulation is all around us and it's been an enormous success for the wealthiest 1 to 5%. For the rest of us it's been a disaster.
    For our moderator: the eBay example may be more apt than you intended. eBay is the largest purveyor of stolen goods the world has ever seen. One large bookstore chain employs 20+ people just to monitor eBay for merchandise stolen from their stores.
    They estimate their yearly losses at more than 20 million dollars.

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  2. MainePellethead

    MainePellethead Minister of Fire

    Joined:
    Dec 9, 2007
    Messages:
    899
    Loc:
    Southern Maine
    Refining the stuff is slowly being taken care of in possibly a big way. Not long from now Refinery "excuses" will be a thing of the past....so....of course they have to come up with "other" excuses as the refinery saga is going to improve....see the link....this is a recession at best lol....good paying Cianbro Jobs in Northern Maine...

    http://www.brewerme.org/Cianbro/eastern_facility.htm
  3. Ken45

    Ken45 Minister of Fire

    Joined:
    Feb 21, 2008
    Messages:
    545
    Loc:
    southern Ohio
    Craig,

    But "long term" for a politician is the next election. The most important goal of government is to keep themselves in power. Nothing else really matters.
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