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October 31, 2008
The Facts
From the Washington Post: “The White House is working to enact a wide array of federal regulations, many of which would weaken government rules aimed at protecting consumers and the environment, before President Bush leaves office in January. The new rules would be among the most controversial deregulatory steps of the Bush era and could be difficult for his successor to undo. Some would ease or lift constraints on private industry, including power plants, mines and farms.” Lobbyists are standing in line at the White House to get their wishes.
Because of these regulatory rule changes, Matthew Madia, a regulatory expert said “They want these rules to continue to have an impact long after they leave office”.
My View
Several months ago I said what Bush is capable of doing before he leaves office literally scares me to death, and now he’s beginning to make me realize my worst fears. The next two and one-half months is of great concern to me, just as it should be to all of America.
We Americans are in the mist of the worst economic situation we have seen in more than 75 years, as well as other problems, created mainly because people and companies are not properly regulated. Deregulation does only one thing; allow immoral individuals to exploit their greed. People with morals don’t need to be regulated. If morals could be legislated, then I would be in favor of deregulation.
Deregulation has been on Bush’s agenda from day one. As the Post article points out, on inauguration day in 2001 Bush’s Chief of Staff issued a government-wide memo that blocked regulations drafted near the end of Bill Clinton’s term. So Bush is learning from his own underhanded dealings; he wants to get all his deregulation completed before he leaves office.
Bush is riding a very low wave with only a 22% approval rating, the lowest of any President in the history of our great nation. And this dictator has and still is displaying his arrogance and lack of concern for our country. The only thing this traitor cares about is his “friends” in high places.
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I keep hearing the same thing over and over with no facts attached. Bush-Deregulation and keep repeating it. But nobody has cited one actual case.
Here is the facts.
In 1933 the Glass Seagul Act was created and it was repealed in 1999 by Gramm, Leech, Bailey. That is considered by many to be the single most important factor from legislation regarding the mortgage meltdown.
The only problem is Bush was not in office yet.
It was signed by Bill Clinton.
Don’t be ignorant and just take someone’s word for it. Check the facts yourself. See if you can find any legislation linking Bush to this mess, besides the fact he should have done away with Clintons policies including Bank Affirmitive Action and the repeal of the Glass Seagul Act.