Jefferson was a great man and Statesman. However, he represented his time (very well, i might add) and culture. Some of what he said is timeless but some others are not.

Most if not all of what he said was in effect at his time but that did not prevent any of what he warned about from happening. Not only that, but look at the conditions most Americans were living in at the time .... is that what he and you suggesting should have been maintained?

Slavery? No transportation network to integrate(read ..perfect) the Union? no Railroads to transport people and good?no dams to generate power to spread light and energy to the farmers? no regulations to coordinate all those activities? no laws to protect worker's health and working hours?  no hospitals in all areas? no water to arid lands?.... etc.

it is 200 yrs KFC, they had their problems ... and we have ours ... we were doing well till crazy ideas interfered and messed up the system ....

if you talking about learning from history .... check what happened in the last 8 yrs and what happened during 8 yrs of Reagan.

in those 16 miserable yrs ... regualtions weakened, manufacturing disappeared, banks got into risky areas never intended for commercial banks , incompetence got hold of the gov in all areas ... .... check all that KFC ... it is history ... and if you are sincere in learning from history you should be able to know what went wrong....

Of course not.  LIke all liberals, cherry picking what you want to listen to is the way to justify the unjustifiable.

in those 16 miserable yrs ... regualtions weakened, manufacturing disappeared, banks got into risky areas never intended for commercial banks , incompetence got hold of the gov in all areas ... .... check all that KFC ... it is history ... and if you are sincere in learning from history you should be able to know what went wrong....

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The largest part of the housing collapse was with Fanny and Freddie Mac. George Bush tried to get more regulations on these two companies cause he saw the danger in them, but the Democrats blocked any atempt.

Dont confuse liberals with facts.  They like making the same mistakes over and over and over again, always hoping for a different outcome.

he didnt need any more regulations ... no one is asking why didnt he make more regualtions ... there are enough of them ... he and his crew were sleeping at the switch while the train was heading toward this rick ... no one is disputing this fact except people who always have their heads buried in the sand and living in their own virtual reality ....

The signs, the regualtions and all indicators pointed to this financial meltdown since 2005 .... go back and check all WJ, NYT and all major serious studies and you will see that clearly .... he and his crew dismissed it all as just doomsayers' thinking .... and at that time congress was under GOP control ....  but they all dismissed the signs and the danger lurking ahead ... 

it was not only the lack of regulations but also the lack of enforcement of existing regulations that lead to this train rick.

In 28 years and 4 presidents only one of them was a mederate-liberal for 8 years .... and he fixed the mess of the previous 12 years and left the country in great shape with $ 500 B surplus  ... a rarity in over 40 years .... then at the end of the 8 years after him we have a total collapse of our economy and our world-wide reputation....

that points to liberals making the same mistakes over and over again hoping for a different results?

Amazingly brilliant !!!!

I would say, "can't I dream a little".  But then he posted again. *sigh*

President Clinton helped deregulated Fanny and Freddy Mac, yeah he left us in "great" shape alright.

Exactly.  The whole Fanny and Freddie problem is owned by the Dems TA. Their fingerprints are all over it.   There was a warning that went out at the time way back when Clinton first got the ball rolling that this was not going to be a good idea especially if the economy takes a downturn.  That's exactly what happened and as usual the warning was ignored.

Remember it takes a while for these things to take root.  The principle of reaping and sowing is in effect here.  You never reap immediately what you've planted and you always reap more than you sow. 

Should be a lesson for all of us but it's another that is rarely heeded as well.  That's why we're in so many messes today. 

We've forgotten some very basic things. 

I understand what you mean Chad.  Here again he is all wrong.  But then he did forget that the president he lionizes had the first Republican congress (who do control the purse strings) in 40 years.  So it was not 12 years, but 40 that had to be repaired, and Newt and company did a good job of it.

Will he learn?  Fat chance. Otherwise, why are they trying a 21st century new deal when the 20th century one did not work.

Lefties never look at the whole picture, sure Clinton left us a surplus, by gutting the military and deregulating things like the housing lenders, which is how we all got into this mess in the first place, but as always the Bush bashers who are so use to blaming Bush for everything including the murder of Lincoln and the fall of the roman empire will continue to blame Bush long after he has left office. You can already see the Main Stream Media setting up Bush for blame for the mistakes Obama will surely make.

That is a prediction worthy of karnac the Magnificent!