Nope, I sure can't respond to this. First, it's not the topic of this thread, and I try to remain on topic whenever possible. Secondly, I refuse to debate with the uneducated. Learn how to spell correctly and show me you have the intellect to discuss the issues, and I will be more than happy to debate with you.
"show me you have the intellect to discuss the issues"
LOL
Now THAT is truly funny. Dixie, the keen judge of intellect...
You say there was rampant deregulation. Can you name one large or good sized deregulation passed while Bush was President? Can you name anything near the size of the regulatory Sarbenes-Oxley that was passed?
Wrong on all counts. As was pointed out, neither Bush president incorporated Reagan principles in their economic plan. The Bush economic plan is not the logical extension of anything having to do with Ronald Reagan. Ironically, Bush and Obama are not that different in their fiscal ideologies! For example, both men agree on the massive government bailouts currently happening.
The only way Reagan and Bush are even similar, is on cutting marginal tax rates to generate revenue, and even Clinton realized this. Obama is already backing off his pledge to raise taxes, because he understands the dynamics as well. We've not had a president who vigorously endorsed Reagan economic principles, since Ronald Reagan!
How about the Commodities Futures Modernization Act which is, by and large, responsible for our current financial disaster that also included deregulating energy trading markets that lead to the Enron collapse of which Sarbannes Oxley was a poltical back lash to.).
When you consider that the Commodities Futures Modernization Act allowed unregulated financial instruments such as derivatives for which no product can be identified and bundled supprime mortgage instrument that sing to the tune of 60 Trillions dollars, yea that's right...I didn't stuter, that's $60 TRILLION Dollars, more than four times the USA's GDP.
Now when you consider that over the last two years as the subprime mortgage problem became worse, the Bush administration and congressional Republicans have a long and well documented record of opposing the enforcement of regulations as well as the use by President Bush of his veto.
And now in his last 90 days, as is commonly known, Bush is pushing deregulation through the federal registrar, which will have the affect of law, mainly in the areas of environmental and consumer protections. Particularly consumer credit protections.
Then we could also discuss his attempts at envirionmental deregulation such as the Clean Skies Initiatives and eliminating the New Source Review.
Are those good enough examples for you?
Robert Rueben..