Tuesday, October 18, 2011

The Never Ending Story From The GOP

We are in a very slow recovery from a very deep recession that was triggered by deregulation of the financial industry, which enabled the housing bubble, and the collapse of the banking system. This article examines the proposals for fixing the economy that are being made by the GOP presidential candidates. They have different slants on the solution, but there is a common theme. We need to get rid of the regulations that were put in place to reduce the chances of another financial crisis. Government regulation is what is keeping the economy from growing. They never tire of that theme. Markets work perfectly, and private industry always does the right thing, we just need to get government off of our backs. Since Halloween is approaching they should all put on Ronald Reagan wigs at the next debate and compete in a Reagan look-alike contest. The nomination should go to the victor.

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