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Old December 4th, 2017, 12:38 PM   #51
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It says Bush was a fan of deregulation, but only lists increased regulation, but Clinton on the other hand:

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President Clinton's tenure was characterized by economic prosperity and financial deregulation, which in many ways set the stage for the excesses of recent years. Among his biggest strokes of free-wheeling capitalism was the Gramm-Leach-Bliley Act, which repealed the Glass-Steagall Act, a cornerstone of Depression-era regulation. He also signed the Commodity Futures Modernization Act, which exempted credit-default swaps from regulation. In 1995 Clinton loosened housing rules by rewriting the Community Reinvestment Act, which put added pressure on banks to lend in low-income neighborhoods.
I can understand being down on GWB, he had a terrible record, but can't understand your man crush on Obama when is record is even worse.

Last edited by Libertine; December 4th, 2017 at 12:41 PM.
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Old December 4th, 2017, 12:40 PM   #52
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Originally Posted by Libertine View Post
It says Bush was a fan of deregulation, but only lists increased regulation, but Clinton on the other hand:
One source cherry picked.
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Old December 4th, 2017, 12:48 PM   #53
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One source cherry picked.
Your source.

The second is a Bush bashing blog that doesn't back up its claims.

The third calls Bush a deregulator,but only points our increased regulation:

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Deregulation started long before President Bush came to power, and it was enthusiastically pursued by both Democratic and Republican administrations.

Here is just one example:

The Glass-Steagall Act of 1933 separated the activities of commercial banks, which take deposits, from investment banks, which invest money. It was repealed in 1999.
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What is more, President Bush actually increased the burden of regulation on US companies, enacting in 2002 what he called "the most far-reaching reform of American business practices since the time of Franklin D Roosevelt", the Sarbanes-Oxley Act.
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So the image of Mr Bush as the arch deregulator and the Democratic Party as the champion of stricter rules for business does not quite tally with the evidence

Last edited by Libertine; December 4th, 2017 at 01:00 PM.
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Old December 4th, 2017, 01:15 PM   #54
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One source cherry picked.
Bush increased regulation, for example Bush reinstituted SEC Annual audits of Publicly Traded companies, That Clinton's SEC ended in 1998. (Remember ENRON, World Com, Adelphia) They were caught in the Bush Audits where they were reporting loans as income, to increase the values of their Stocks.

When the Bush SEC audited these acts were discovered.
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