Saturday, June 12, 2010

Lest We Forget: Regulation Edition

The Obvious Strategy « The Confluence

"I’m not going to deny that much of the problems that we are experiencing now are the direct result of eight years of Bush/Cheney abuse of laws, regulations, and the public trust. It would be really crazy for any one to deny that cutting taxes while waging two wars is abnormal and bad policy. It is also obvious that they followed the Reagan dogma of ‘starving the beast’ to the point that nearly every government regulator is understaffed, underfunded and demoralized. Each of these agencies have also been stacked with cronies that are less competent in the job responsibilities than their party loyalties and their belief that an unfettered corporation is a corporation that acts in the public trust. (Something that any student coming out of Microeconomics 101 should be able to argue against using any number of industries most notably the oil or finance industries where monopoly tendencies have been a historical reality.)..."

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