Three quotes.
1.
On the Wall Street collapse that triggered a worldwide Great Recession and wrecked millions of lives, as reported on October 23, 2008, by The New York Times:
For years, a Congressional hearing with Alan Greenspan was a marquee event. Lawmakers doted on him as an economic sage. Markets jumped up or down depending on what he said. Politicians in both parties wanted the maestro on their side.
But on Thursday, almost three years after stepping down as chairman of the Federal Reserve, a humbled Mr. Greenspan admitted that he had put too much faith in the self-correcting power of free markets and had failed to anticipate the self-destructive power of wanton mortgage lending.
“Those of us who have looked to the self-interest of lending institutions to protect shareholders’ equity, myself included, are in a state of shocked disbelief,” he told the House Committee on Oversight and Government Reform.
2.
On Wyoming Governor Mark Gordon as reported today by CNN:
Ater months of advising residents to take “personal responsibility" to protect themselves, he admitted Friday that the strategy had failed. Wyoming has the fourth-highest number of daily new coronavirus cases per capita over the past seven days, along with sharply rising hospitalizations and deaths.
3.
As Democrats, we understand the need for common-sense regulation – NOT overregulation. When Republicans insist that “regulation strangles freedom,” remind them of what President Franklin Roosevelt said in his State of the Union address on January 11, 1944:
We have come to a clear realization that true individual freedom cannot exist without economic security and independence. Necessitous men are not free men. People who are hungry and out of a job are the stuff of which dictatorships are made.