Saturday, July 9, 2011

Conservatives: Do you actually think Businesses themselves don't want Regulations to preserve their interests?

Any time certain businesses “puppet” massive regulations in their industry, you should question their motives. I wouldn’t be shocked to find out that GS had much to gain for their cheerleading Wall Street Reform. And conservatives aren’t pretending, we are basing our assessment off of historical facts. When Harding came into office in 1921, he severely cut government and lowered taxes, which led to the “roaring twenties.” Reagan also lowered regulations as did Bush, which led to years of prosperity. If it wasn’t for the ignored housing market that led to the crisis which no regulation could have prevented, we would likely still have low unemployment. And in your last paragraph, you answered your own initial question, as to the reason Goldman Sachs was in favor of Wall Street Reform. It's like you enjoy contradicting yourself.

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