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GOP Was For Deregulation Before They Were Against It

thinkprogress.org — Republicans deregulated markets causin the financial meltdown, then 6 months ago unveiled new plans for more deregulation of financial institutions, which McCain has supported on the campaign trail, but now GOPers have all flip-flopped.

Who dugg this?

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  • inactive, on 09/20/2008, -1/+7Regulations Republicans Eliminated Causing Financial Crisis

    Here are few: State Laws Against Predatory Lending, The Net Capital Rule, The Uptick Rule. And McCain has been touting the idea that more deregulation of industry would be part of his policy. That's worked out well so far, eh?

    http://thinkprogress.org/wonkroom/2008/09/19/perin ...


  • USArugula, on 09/20/2008, -1/+6McCain: "Market stability is for squares. I'm a *****' maverick. And so are my GOP friends."
  • MediaWeasel, on 09/20/2008, -1/+4Quote: "Perino was responding to a question from a reporter about whether the ultimate responsibility for today’s massive financial meltdown rests with the deregulatory philosophy of the Bush Administration and Congress, under the leadership of conservatives for more than a decade until two years ago. She gamely tried to deflect the question by blaming the regulators—as if these officials were not proposed by conservatives and in large part confirmed overwhelmingly by a conservative Congress that wanted to know they would do as little supervisory work as possible."

    Shall I repeat the last sentence??

  • truthfightsback, on 09/21/2008, -0/+0McCain got $169,000 from Fanny Mae, though.

    People with 7 glass houses shouldn't throw stones.

    http://news.google.com/news?hl=en&nolr=1&q=mccain+ ...
  • inboxnews, on 09/20/2008, -3/+1Obama was the 2nd largest recipient of Fannie Mae and Freddie Mac campaign contributions from 1989-2008, having received: $126,349. Source: http://www.opensecrets.org/news/2008/09/update-fan ...

    Now remember, Obama's been in the Senate less than four years, but he still managed to grab the No. 2 spot ahead of John Kerry — decades in the Senate — and Chris Dodd, who is chairman of the Senate Banking Committee. Source: http://www.foxnews.com/story/0,2933,423701,00.html

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