Concern by gitrdoneobama: Is the Republican philosophy of deregulation and tax reducing what brought on the financial collapse?
The last eight several years we gave massive tax cuts to the rich and deregulated the fiscal business triggering an financial bubble in the stock marketplace, commodities, housing, and so forth. Will not it make perception to provide back again tax charges to pre-Reagan era and maintain regulations in place so that expansion is reasonable and stable??
And sure, I blame Clinton for a great deal of things too….but will not imply you Republicans and your tax reducing/deregulation philosophy get a free pass.
The financial institutions were not pressured to give out sub-prime loans, they had been handing them out like candy! Arrive on Republicans, don’t consider to distort the predicament listed here. The reality is that if the loaning establishments were pressured to give out loans to competent candidates, we wouldn’t be in this mess.. This is an instance of wherever Rules are Very good.
Reply by El Tecolote
That and the reality that Barney Frank was place in demand of some important parts of it.
What do you think? Answer beneath!