Do you think this recent downturn was caused by free markets? Ha. No it was not. Please please please watch this video by a man, an economist, author, stock broker Peter Schiff who predicted the last two busts.

http://www.youtube.com/watch?v=EgMclXX5msc&feature=youtube_gdata

In almost all cases, the market will self-regulate. There are times for intervention but the US economy is at a point that regulation needs to go!

Watch his video.
http://www.youtube.com/watch?v=EgMclXX5msc&feature=youtube_gdata

He is 10x smarter than you or any of these government politicians. Regulation 99% of the time creates more problems that government blames on the free market and then they have to create more regulations to fix the regulations they put in.

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[...] Why Government Regulations Sometimes Work : Often times in the PF community people express their dismay with government screw-up’s. Being someone who is very interested in economics, I decided to write a post for the PF community that details situations in which government regulations actually work. The core concepts discussed: Externalities, Tragedy of the Commons, and Insatiable Wants/Needs. [...]

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Anyway, onto the main thrust of the article, I agree completely. Too often, there’s an urge to denounce government as pointless or a waste, without considering that there are some things that government can do better than private industry (if private industry would be willing to attempt them at all). Handling externalities, providing public goods (from national defense to public roads), enforcing contracts, and supplying a medium of exchange (that is, money); all of these are things that government can do better than private industry, simply by virtue of being a government.

Now, don’t get me wrong; there can and should be lots of discussion about where to draw the limits of government and what specific activities should fall within those limits. But to argue that we would be better off with no government what-so-ever is just as reckless and short-sighted as arguing that the government should be in charge of every economic activity. Neither one will result in an ideal economic climate.
Roger´s last blog ..So You Want To Invest: The Easy Method

I guess the crux of my point is that many politicians seek to act in their own best interest rather than imposing regulations that would do good for the nation as a whole. In other words, the government is administered by people just like corporations are administered by people so just like people in corporations can set out to do what is in their own best interests the people running the government (i.e. politicians) more often than not seem to act in their own best interests. This why I said theoretically – because more often than not the quest for power, selfishness, greed, and the other negatives that are inherent in human nature come into play in the worst way with politicians and so the noblest of ideas are twisted into something not so noble. There are certainly exceptions of course because some politicians actually try to serve the people and not their own self interest but that seems to be a rare thing lately.
Credit Card Chaser´s last blog ..What’s Next? A Federal Government Public Option Credit Card?