Alby_da_Wolf said:
Well, some of the worst and ill ended speculations wouldn't have been possible without the excessive deregulation, crisis and bankrupcy struck less banks and other financial operators where they are regulated in a more stringent way.
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Oh, no, I agree with that. But everyone forgets that a president doesn't pass legislation.. he signs off on it.
Deregulation started during the Clinton administation and has continued in this one. So is it Clinton's fault too?
No. People give our presidents way too much credit and critisism really. People should spew just a hair more anger at the House and Senate. They are the ones who passed the articles of deregulation, and that means that both Democrats and Republicans are equally at blame. Regardless of which group passed the bills, the other party that took over had just as much an opportunity to correct the problems.
The problem is that no one did... both parties seeked deregulation, and they got it.
And if Bush really is some "evil mastermind" than something just isn't clicking here... because the media has been screaming for years that he has an IQ of 50. So if he's so dumb, then how the hell did he pull such an amazing "evil plan" off?
It's just politics people, and both parties are to blame. Accept it, and work together to correct it. Or, waste your time blaming each other and we'll just sink into a worse economy.
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