Is this the strangest comment ever uttered on Horizon?

Seeing Red AZ has patiently waited until the video and transcripts were available to check this for accuracy.

Phoenix Business Journal reporter, Mike Sunnucks, appeared to have uttered a truly bizarre comment on the Journalists Roundtable program last Friday evening, November 21.

We thought we heard him say, “People don’t want unbridled Capitalism.”  But since that would be such an absolutely inflammatory statement, we thought we misheard it.

Nope.

That was actually what he said. Watch for yourself.

17 Responses to Is this the strangest comment ever uttered on Horizon?

  1. Zelph says:

    Obviously big business doesn’t want unbridled capitalism. They want to be bailed out for their poor decisions. They want to be able to gamble with other people’s money. And the rest of us will do it because they are “too big to fail”.

  2. LD11 says:

    anybody see the results of district 6 tonight?

  3. RA says:

    I can’t believe this guy works for the Phoenix Business Journal.

    But hey, this isn’t far removed from what I heard Paulson quoted as saying earlier today. How the hell did these people get to where they are today?

  4. ann says:

    I think they are using the term unbridaled capitalism for laissez fair capitalism which has had its day. It allowed for robber barons and contributed to the great depression. It should never be seen again. Capitalism without any regulations allows greed to run rampant. Capitalism reigned in a little is the best know system to date.

    Regulations must be just. Had they regulated Fannie and Freddie more, we would not have the housing crisis. Had they regulated the CEOs who gambled with stockholders monies in an cavalier manner we would not have the insvestment bank crisis.

    Conservatism is not Libertarianism.

  5. Hometown Guy says:

    Just got off the phone with one of the PC’s attending the LD 6 meeting. He said was a huge victory for the McCain crowd. They really trounced the knuckle-dragging conservatives!! Cong. John Shadegg gave a pep talk and then endorsed the current slate plus Bob Haran, who was running independently for one of the VP slots. Sean Noble, who either does or doesn’t currently work for Shadegg came in with an armload of proxies. It was an awesome display of raw McPower.

  6. Kent says:

    Homie:

    Are you nuts? The RINOs and nudists run the district. I am at a loss as to what Shadegg could have been thinking.

  7. Night Owl says:

    Sunnucks? Isn’t he the guy with the bad toupee? Who cares what he says? His incredibly bad judgment is there for all to see.

  8. RA says:

    Fannie and Freddie were already regulated – if they had not been regulated, or differently regulated, at least part of this crisis would have been averted.

    Think CEO compensation is unregulated? The regulations seeking to rein (and yes, “rein” is the correct word) in CEO pay drove CEO compensation through the ceiling. And, no, although some CEOs are grossly overcompensated, the crisis in investment banking does not appear to have been CEO-driven, but rather driven at least in part by 1) the growing complexity and opacity of financial instruments; 2) increased parceling of debt and consequent growth in the interrelationships of these same financial instruments; and 3) increased inability of firms holding these instruments to assess the relevant risks owing to factors 1) and 2). Ultimately if debt is going to be incurred, it has to be funded and the risk offset – when the debt is mandated irrespective of risk, then someone’s going to be left holding the bag – and we American taxpayers have been left with a big, stinking bag owing to regulation that prohibited the effective management of risk, but mandated all kinds of loans that incurred risk.

    The problem with regulation really is this – regulations have unforeseen consequences. By extension, more regulations will have even more unforeseen consequences not only in proportion to their number but by their synergistic actions. Sometimes these are far more devastating than what should be the natural workings of markets.

    As far as Sunnuck’s quote (and Paulson’s) goes, words and actions are always contextual. To say in general “People don’t want unbridled capitalism” is one thing – to say in the current context is waving a flag before a raging bull of would-be “reformers” – and many of the “reformers” in question definitely have ulterior motives – not least of which are to reward the faithful (Detroit), shore up the Democrat piggy banks (Fannie Mae, Freddie Mac, and AIG as well), consolidate and nationalize the banking industry, and nationalize a large part of the auto industry with an eye to enriching that “scientific genius” Al Gore and the Democrats.

    For those who believe we are where we are today because of a serious LACK of regulation – I’ve got a bridge loan to sell you – in fact, you’ve already BOUGHT SEVERAL AND THERE IS NO END IN SIGHT – TRULY A BRIDGE (LOAN) TO NOWHERE.

  9. RG says:

    Ann,
    If government didn’t get involved (community investment program, Fannie and Freddy) we wouldn’t have the problem we have now.

  10. Craig says:

    Unbridled capitalism is as bad for any society as unbridled government.

    Or unbridled anything, for that matter.

    Most people understand that.

    In other words, the statement wasn’t “inflammatory”, just an acknowledgement of reality.

  11. Rules Guy says:

    HELLO SHADEGG IS A LIB!

    If you vote for the largest spending program in history, YOURE A LIB.

    There’s just no way around it and no title’s gonna change that fact.

  12. Jonathan says:

    I’ve supported John Shadegg for years and always regarded him as a conservative. McCain has obviously changed that. Payback is a play here. Accountability isn’t. There’s no disappointment quite like that of being jilted.

  13. AZ Conservative Gal says:

    Ha! Reminds me of that old line “Men are like buses, there will be another one coming around the corner soon enough.” Replace the word “men” with politician. Make that arrogant politician.

  14. LD11 says:

    A man has the right to do what he wants with his property. That’s conservatism. Just because what some people do with their property is offensive to you or too risky for your tastes does not give you the right to use the government to restrict their rights.

  15. James says:

    LD-6 Joke of the day is on the Mormon families who entrusted their vote to Sean Noble.

    They don’t understand they were pawns in Shadegg and Gorman’s quest to curl up with Magruder! LDS Church elects pervert as District 6 Republican Committee Secretary! Pro-Choice (death) Bev carries the proxy for them. What a sickening display of misplaced trust by North Phoenix LDS.

  16. Robert says:

    Better Shadegg/McCain have only LD6 to screw up instead of a whole country.

  17. Terry G. says:

    HELP WANTED
    Conservative candidate to beat Shadegg in any future election. Unlike Shadegg, must be willing to admit you are a Republican. No more “independent mavericks.”