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Study Confirms Cutting Federal Regulations Lowers Unemployment

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"the trick to regulation,s is to strike right balance,between stiffiling economic growth and protecting the country from corporate predators.this in many cases is easier said than done."
This is confused thinking. You are operating under the belief that the "corporate predators" are not the ones actually writing these regulations. This is completely historically inaccurate. Every piece of major regulatory legislation is written either directly by their representatives, or by firms who work for them indirectly.
They have much to gain by doing so. It allows them to essentially stifle business models which operate in a manner different to theirs. Why do you think GE is so very interested in pushing various green technology standards? Because it has a lot invested in these technologies, and wants to both stifle competitors and increase its take of taxpayer subsidies.
Gabriel Kolko covered this topic decades ago, and Hunter Lewis did so again quite recently.

Slim934 of SC 8:30AM April 13, 2011

the trick to regulation,s is to strike right balance,between stiffiling economic growth and protecting the country from corporate predators.this in many cases is easier said than done.

bruce b of NV 11:25PM April 12, 2011

Bill Clinton empowering Carter's Community Reinvestment Act that socked it to us.
"Under Clinton, bank regulators have breathed the first real life into enforcement of the Community Reinvestment Act, a 20-year-old statute meant to combat “redlining” by requiring banks to serve their low-income communities. The administration also has sent a clear message by stiffening enforcement of the fair housing and fair lending laws."
"In 1992, Congress mandated that Fannie and Freddie increase their purchases of mortgages for low-income and medium-income borrowers. Operating under that requirement, Fannie Mae, in particular, has been aggressive and creative in stimulating minority gains… Fannie Mae has agreed to buy more loans with very low down payments–or with mortgage payments that represent an unusually high percentage of a buyer’s income. That’s made banks willing to lend to lower-income families they once might have rejected."
"In addition, banks, thrift institutions and mortgage companies have been pressing Fannie Mae to help them make more loans to so-called subprime borrowers. These borrowers whose incomes, credit ratings and savings are not good enough to qualify for conventional loans, can only get loans from finance companies that charge much higher interest rates — anywhere from three to four percentage points higher than conventional loans."
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Bush tries to stop the madness
"The Bush administration today recommended the most significant regulatory overhaul in the housing finance industry since the savings and loan crisis a decade ago."
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Democrats said NO PROBLEM
”These two entities — Fannie Mae and Freddie Mac — are not facing any kind of financial crisis,” said Representative Barney Frank of Massachusetts, the ranking Democrat on the Financial Services Committee. ”The more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing.”
"Bush was the first to recommend regulating the GSEs in April, 2001. In 2003, Bush tried to create a new federal agency to regulate the GSEs. He was blocked from doing so by the Democrats in the Senate, especially by Barney Frank. In 2005, Alan Greenspan warned that failing to regulate the GSEs could be a catastrophe. Again, Democrats blocked the effort to regulate Fannie Mae and Freddie Mac.
http://winteryknight.wordpress.com/2009/02/22/democrats-caused-the-recession-and-republicans-tried-to-stop-it/
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Lawyer obama threatening racist lawsuits if more loans was not given to iffy home loans.
"Obama Sued Citibank Under CRA to Force it to Make Bad Loans – UPDATED"
http://iusbvision.wordpress.com/2008/09/30/obama-sued-citibank-under-cra-to-force-it-to-make-bad-loans/
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Reduce bad regulations absolutely. Stop barry from waving good regulations for buddy BP, that caused Gulf oil leak...

Bill Hedges of MO 9:06PM April 12, 2011

except progressive dems are loathe to give-up control. They like to control the expenditure of our dollar that they get in the form of taxes. They honestly think that spending millions on a South Dakota green tree toad study is more important than the food Americans put on the table for their families.

David of ID 5:55PM April 12, 2011