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During the recent campaign season, the Democrats blamed the financial crisis on “Republican deregulation,” in particular the Gramm-Leach-Bliley Act of 1999 (GLBA) and the Commodity Futures Modernization Act of 2000 (CFMA). The GLBA repealed the provisions of the Glass-Steagall Act of 1933 that prevented affiliations between commercial and investment banks,...
"My rival in this race,” President Obama announced early in 2007, “is not other candidates. It’s cynicism.” It’s now clear that what he meant by this was other people’s cynicism — not his own.
Barack Obama's claim that the financial crisis is due to Republican deregulation depends on ignoring several important facts.
President Barack Obama and the Democrats' characterization of the causes of the financial crisis is inconsistent with historical reality, as is their characterization of the records of the two major political parties.
It's always painful to take on the myths and ideological narratives of the left. The pundits of the liberal (excuse me, "progressive") media make a pretense of listening to reason, but when their views are challenged, they become abusive.
The fact that Scott Walker's efforts to dial back public-employee collective bargaining would weaken Democrats doesn't make it misguided or bad policy.
Senate Republicans know that government housing policies were the principle cause of the financial crisis, but have been unwilling to confront that problem or to filibuster further financial regulation.
The only banking deregulation in recent years was that of Fannie and Freddie.




