AIG and the Republicans Free Market Mentality

For years the Republican establishment has pushed the Free Market system "Keep government out of business way." They would say "Keep government from regulating companies." In Alaska we had a state representative that was against all government intervention into business. He would always say "let the markets take care of themselves." Well, during the Republican reign, we allowed that to happen. Business had free reign with little or no government intervention. Banks and insurance companies were not regulated. Airline regulators were buddy buddy with the airline industry and allowed maintenance records to be forged so the airlines could save money. Many companies cut services or cut personnel in order to make more money. The Financial industry decided to make riskier investments because the government wasn't watching them anymore. They figured the economy was going to keep going up. Banks gave loans to people who couldn't afford the loans. All this without government wasn't watching. Now after the economy has crashed, the Democrats have taken the White House and Congress and are in the process of writing new regulations for the financial industry as well as other industries, the Republicans are still holding out for no regulation stating their failed mantra. In other words, lets put more people out on the streets. Let's let more investors loose money because corporations decide to make risky moves that hurt their companies. They refuse to vote for the President's policies and are actually hoping the President fails. By doing this the Republican party is betting that the country fails. This is not good for the country! I hope they realize this soon enough.