• Home
  • About
  • Comment Policy
  • Contact

SteveSpeak

Feb
04
2010

Bipartisan Boondoggle

Posted By Steve Wilkinson/
0 Comment/
I am currently taking a class on Christianity and Capitalism at school. We’re looking at the underlying assumptions of economic systems (esp. capitalism) to see how they fit into a Christian worldview. While doing some research I ran across this interesting article by A. M. C. Waterman. He has some interesting stuff to say about our current economic situation and stimulus packages.
Sorting Through Keynesian Rubble
http://www.c2cjournal.ca/blog-articles/view/sorting-through-keynesian-rubble
However, I also ran across a bit of interesting history. It turns out it was both parties who led us into this financial mess. Big surprise, huh?
Clinton, Republicans agree to deregulation of US financial system
http://www.wsws.org/articles/1999/nov1999/bank-n01.shtml
While I wouldn’t align myself with the source (or agree with them on the whole), some of the quotes and information in the article are pretty interesting. If you read nothing else of it, read the last 2 or 3 paragraphs, remembering that this was written in 1999!
Consider:
“Legislation first adopted to save American capitalism from the consequences of the 1929 Wall Street Crash is being abolished just at the point where the conditions are emerging for an even greater speculative financial collapse.”
or
“A financial deregulation bill was passed in the early 1980s … lifting many restrictions … of savings and loan associations … to the home-loan market … culminating in collapse and the biggest financial bailout … more than $500 billion. The repetition of such events in the much larger banking and securities markets would be beyond the scope of any federal bailout.”
Well, it happened, and we bailed it out. The question remains if we can afford it. It may still well prove ‘beyond the scope’…

I am currently taking a class on Christianity and Capitalism at school. We’re looking at the underlying assumptions of economic systems (esp. capitalism) to see how they fit into a Christian worldview. While doing some research I ran across this interesting article by A. M. C. Waterman. He has some interesting stuff to say about our current economic situation and stimulus packages.

Sorting Through Keynesian Rubble

However, I also ran across a bit of interesting history. It turns out it was both parties who led us into this financial mess. Big surprise, huh?

Clinton, Republicans agree to deregulation of US financial system

While I wouldn’t align myself with the source (or agree with them on the whole), some of the quotes and information in the article are pretty interesting. If you read nothing else of it, read the last 2 or 3 paragraphs, remembering that this was written in 1999!

Consider:

“Legislation first adopted to save American capitalism from the consequences of the 1929 Wall Street Crash is being abolished just at the point where the conditions are emerging for an even greater speculative financial collapse.”

or

“A financial deregulation bill was passed in the early 1980s … lifting many restrictions … of savings and loan associations … to the home-loan market … culminating in collapse and the biggest financial bailout … more than $500 billion. The repetition of such events in the much larger banking and securities markets would be beyond the scope of any federal bailout.”

Well, it happened, and we bailed it out. The question remains if we can afford it. It may still well prove ‘beyond the scope’…

About the Author
Steve Wilkinson • I enjoy creating things, whether artistic or more technical. Website design and 3D rendering blend these two skill-sets quite nicely (which is probably why I love them so much!). While I am not 'officially' trained as an artist, I have a number of years of experience working in related fields, such as technical drafting, 3D rendering & animation, and industrial design (more recently, BIM/Revit). I have even done some print work over the years. On the technical side, my experience ranges from being an independent consultant to a senior member of an IT staff at a Fortune 100. I'm also a husband, father, and Christian apologist. I am the founder and a designer/consultant at cgWerks. I am also a director/educator at TilledSoil.org, a Christian apologetics ministry. My personal blog is at SteveSpeak You can follow me on Twitter @SteveW928 or connect with Steve/cgWerks/TilledSoil.org on Facebook.

Social Share

  • google-share

Categories

  • Cars (6)
  • Culinary Arts (1)
  • How-to (3)
  • Just Saying Hi… (2)
  • Music (3)
  • Politics (9)
  • Religion (3)
  • Technology (7)
  • Tid-Bits (6)
  • Travel (2)

Recent Comments

  • Uterus on Abortion: Above anyone’s pay grade?
  • Steve Wilkinson on Abortion: Above anyone’s pay grade?
  • Steve Wilkinson on Abortion: Above anyone’s pay grade?
  • Steve Wilkinson on Have to see it to believe it – Soap Nuts!
  • Steve Wilkinson on Abortion: Above anyone’s pay grade?

Blogroll

  • cgWerks 'Tech Eclectic' blog and Website Meets World (podcast / blog / YouTube)
  • TilledSoil Christian apologetics training website and blog

Web Sites

  • cgWerks web design • 3D visuals • consulting
Copyright © 2005-2020 Steve Wilkinson. All rights reserved.