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In this specific case however it's a matter of basic reason and understanding of the financial collapse that will let you see the author of the article is trying to spin things to avoid some of his fundamental views from being challenged 30+ years of the largest spree of deregulation occurred prior to the collapse and that was the cause We even know specifically which regulations were holding things together |
Another way to answer your question is that in political science the "hard data" type evidence (it's still not the same but closest we have) is historical
We look at the past to see how policies turn out, there are a mass amount of experiments that have already been done for us The issue ofc is how we interpret that data |
Cant say im surprised.
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Reagan's trickle down economic policies and massive de-regulations of big banks and Wall Street were definitely the main starting point for what cultivated the 2008 collapse. Trickle down was a massive failure a deregulation allowed the banks and brokers to run around like kids in a candy store with a MORE MORE MORE giddy mentality. Clinton and Bush definitely added to things but by then the banks and wall street were not going to stop their evil ways - damn any torpedoes. They have two of the largest, powerful, and influential lobbies in Washington. This is from the 1987 movie Wall Street for anyone not familiar. These were the types on dudes that Reagan empowered while removing any restraint from how they did business.
And this directly related to how the crash went down. |
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It's really a question of whether Bill is an idiot, or he was bought, he doesn't get off the hook for having a D next to his name |
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https://en.wikipedia.org/wiki/Declin...93Steagall_Act Thing is that Glass Steagall had been getting chipped away at for decades. By the mid 90s you had many arguing that a full repeal would actually be in the best interest of consumers. Maybe those who wanted it kept on the books didn't make a good enough case. |
Bill argues that no part of it caused the financial collapse and to the dismay of opportunistic Republicans trying to put responsibility on Democrats he's totally right.
The thing is while it didn't light the match it poured gasoline on the tinder It may have been better for consumers in the short term but that ignored what the point of these regulations are, it's basically an attempt at a half-assed Republican style defense of deregulation |
https://www.theatlantic.com/health/a...policy/514010/
Now that's ****ed. Unwanted kids is only gonna hurt the economy. We need to flush as many as we can. |
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