Sunday, December 21, 2008

Bush, Deregulation and the Financial Crisis: Connected?

I've said in earlier posts before the Presidential election that Obama and his fellow Democrats repeated the mantra that our economic crisis resulted from the deregulatory policies of the Bush administration. In saying this the Democrats were trying to convince people that a return to regulation was needed to "fix" things. Jeff Jacoby, columnist for the Boston Globe, paints a different picture in his "The great Bush ‘deregulation’ myth" that apeared in the Jewish World Review. (Thanks to Stephen Hicks for this link. See the December 19 entry.)

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