It Is Deregulation's Fault

In the first two Presidential Debates, Obama said the "crisis" was caused by deregulation. But what he failed to mention is that Democrats have continually Fought against that Deregulation. Personally,I blame McCain for not bringing it up. But something that went right by most people is that during the second Debate, Obama even said that the bill That McCain supported,Failed,Yet he still blamed the deregulation that did not happen. I truly believe that a large percentage of Americans have no Idea what is going on in this country and probably don't want to know, Lord knows I wish I was one of them. But the scary part is Obama Counts on these people for support. And that this "Crisis" which I believe was manufactured for such a time as this, Could not have come at a better time for Obama. He has Highlighted that McCain said he would not win if the conversation was the economy. But without this economic crisis, Obama would not stand a chance.

We had deregulation in Canada with our CN Railroad and one of the first things was that a lot of workers were let go and the ones left, including my husband, had to work harder. Now my husband was a hard worker anyway so it was no skin off his nose, but others were just sitting around when there was not a motor to fix, so they really now had to work. That is what happens with deregulation, they let go people and make the rest work harder. So that has nothing to do with an economic crisis. It is caused by making bad decisions, such as lending money out to people and to countries who cannot afford to pay them back and determine who to loan to based on ethnicity and past injustices or relationships rather than on method and ability to pay. As for housing construction, it should be for the population you have on hand and for the legal population not because of expecting a bunch of illegals to settle. And if you cannot pay more than the mortgage interest rate, you should not pay and no bank or mortgage company should give you a loan.

Nope, it's not deregulation, it was Congress refusing to regulate their part of the "hybrid" companies. They like to make it sound like it was the free market that failed, but it is a failure of government.

"There has not been any relevant deregulation in the last 25 years." What? Hello, Enron loophole! Geez, are you ignorant.