Viewing Single Post From: Tax Day Tea Party

Viewing Single Post From: Tax Day Tea Party
Yzarc	Apr 21 2009, 07:26 PM
Coxian Posts: 3,432 Group: Veteran Member #308 Joined: July 8, 2005	Well for one, McCain, as not only a Republican, but very similar in politics to Bush, would likely continue the massive amounts of deregulation that the Bush Administration is known for (among many other things). That's probably the biggest reason the crisis is so bad. Of course, these things happen in cycles, boom and bust, but we can make the busts less terrible, as we have been doing for a long long time. Since FDR's massive regulations, we haven't had a huge economic crisis until the late '70s and that was mainly (completely) due to oil prices skyrocketing. Then in 1980, Reagan decided to counter this by enacting a tight monetary policy, enacting massive deregulation and causing unemployment to skyrocket. We usually see deregulation in times of economic boom, because sometimes we see business growth equating to aggregate growth, and so we deregulate, but that usually leads to corruption, which often leads back to recession.


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