dmb -
The free-market conservatives
Not many social conservatives are fully in favor of the free market.
Classical liberals/libertarians are more on the mark.
undoing the New Deal
The remnants of the New Deal [and the rest of FDR's pre-WW2 badness] should
be utterly purged from the system. It was a disaster for the United States
and prolonged the Great Depression.
deliberately starving the government for thirty years
And yet spending zoomed ever upward ...
have achieved de-regulation in just about every sector of the economy,
including the financial sector.
You are speaking completely contrary to fact. Ever heard of CRA? Government
policies to push minorities into homeownership? Using homeownership as a
metric of success? Fannie and Freddie? HMDA? The SEC? The financial sector
had all manner of regulation. Moreover, government-enforced and managed fiat
currency is the ultimate regulation.
The housing bubble, for example, can be traced to the repeal of
regulations that kept mortgage banking separate from investment banking.
No, it can't. It was not a merely national phenomenon.
Now we see what the invisible hand of the market place does when it's left
to do what it will.
This is what comes of repeating talking points.
Obama is at fault for the bank failures and the implosion of the housing
market and the unemployment rate - that's pure revisionism.
No one person is at fault. Obama and Bush43 have many similarities in
following the failed, bankrupt statist policies of the past.
Obama was just a candidate when that shit hit the fan.
He could have done a lot to help that he hasn't, and he's done a good deal
that has made things worse.
MRB
http://www.fuguewriter.com
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