[MD] It's all Obama's fault?

[Michael R. Brown]

dmb -

> The free-market conservatives

Not many social conservatives are fully in favor of the free market. 
Classical liberals/libertarians are more on the mark.

> undoing the New Deal

The remnants of the New Deal [and the rest of FDR's pre-WW2 badness] should 
be utterly purged from the system. It was a disaster for the United States 
and prolonged the Great Depression.

> deliberately starving the government for thirty years

And yet spending zoomed ever upward ...

> have achieved de-regulation in just about every sector of the economy, 
> including the financial sector.

You are speaking completely contrary to fact. Ever heard of CRA? Government 
policies to push minorities into homeownership? Using homeownership as a 
metric of success? Fannie and Freddie? HMDA? The SEC? The financial sector 
had all manner of regulation. Moreover, government-enforced and managed fiat 
currency is the ultimate regulation.

> The housing bubble, for example, can be traced to the repeal of 
> regulations that kept mortgage banking separate from investment banking.

No, it can't. It was not a merely national phenomenon.

> Now we see what the invisible hand of the market place does when it's left 
> to do what it will.

This is what comes of repeating talking points.

> Obama is at fault for the bank failures and the implosion of the housing 
> market and the unemployment rate - that's pure revisionism.

No one person is at fault. Obama and Bush43 have many similarities in 
following the failed, bankrupt statist policies of the past.

>  Obama was just a candidate when that shit hit the fan.

He could have done a lot to help that he hasn't, and he's done a good deal 
that has made things worse.


MRB
http://www.fuguewriter.com