Let us not forget one important fact about deregulation. When deregulation

[applegrove]

hits a market the market falls apart into a bunch of small companies and a very few large corporations. That is always the case. What we are seeing in the financial industry is just the norm for a deregulated economy.

With all the mid sized companies gone... the only place that creates new jobs are small businesses. That is why McCain is so up on small businesses creating jobs. Because he knows that as long as there is deregulations there will be fewer and fewer mid sized corporations.

The reason why is that the small and huge companies don't compete in any real way. Huge corporations are too big to compete or care about the markets the small businesses are in. The large corporations have economies of scale that are so great a small business could in no way compete. So they survive in virtually different markets.

The next time McCain says that small business creates jobs remember that it means that the mom & pop hardware store had to close down because of home depot. Or the regional chain of clothing stores had to close down because of walmart. All that is left is the little boutique or the little shoe repair place. Nothing in between the two sizes of business exits. It is a wasteland. And that is what regulations are all about.

[thunder rising]

1. We just gotta rejuvinate the anti-trust and break 'em up.

[applegrove]

2. And also to re-regulate industries that need oversight. Cause markets

often fail to deliver what they say they will do.