Comment Re:not the tariffs honest (Score 4, Insightful) 72
It was meddling by both D and R in our economy, both were scared of invisible boogiemen of "something bad might happen".
Fear is a great motivator. Courage is standing in the face of danger understanding the risks might be worse doing nothing than doing something. This is a calculated risk and ought to be rewarded in the marketplace if it is correct.
Conglomerates are neither good nor bad in and of themselves. The good is they offer efficiencies in the marketplace. The bad is they take advantage of those efficiencies and often get "too big to fail" (a lie).
People guessing who have no stake in the market are making bad choices, because of other reasons. Both D and R do this. I call it the "There ought to be a law" reactions. Nobody stops long enough to say "no there shouldn't be".