Republican Deregulation Leads to Financial Disaster
The Republican Mantra still be echoed today by Sarah Palin (she must not have read the memo), since the Reagan days has been Government deregulation. The Republican Administrations of Ronald Reagan, H.W. Bush, G.W. Bush and the Republican controlled Congress during the G.W.'s term have been systematically dismantling the regulations put into place in the aftermath of the Great Depression. These regulations have served us well and have prevented the excesses of Robber Baron Capitalist, as was the case in the late 1920's that led to the Great Depression of the 1930's. The Republicans keep saying that Government has to stay out of the way of business so they will remove the regulations that insure that business plays the Capitalism Game in a way that is fair and reasonable and good for the Nation. So where do we stand after years of Government Regulations being ignored by the regulators of the Republican Administration? We stand on the verge of economic collapse. Even in toda...