Posts Tagged ‘dereguation’

Want To Know Why Your Economy Blew Up?

October 11, 2008

Here are two videos.  The first shows footage from a couple of years ago – when regulation would have actually prevented this disaster.  It shows Republicans expressing their concerns over the condition and continuing viability of Fannie Mae and Freddie Mac, and proposing regulations to control these GSEs.  It also shows Democrats claiming that Fannie and Freddie were fine, and blocking regulations.

Why blame Republicans for their “deregulation”?  Who REALLY failed to regulate?

The second video below provides a history lesson that spends some time examining Barack Obama’s role in economic time bomb.

Anyone who takes the time to understand the real roots of this terrible meltdown will see that Democrats – whose policies set up this disaster and who ran GSEs Fannie Mae and Freddie Mac even during Republican control – were all over this mess.

Do you really want to give total power to the people who created this disaster in the first place?