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Previous Republican administration got their share of heat too (Bush was against stem-cell research). Besides Republican administration was less hostile to the

Previous Republican administration got their share of heat too (Bush was against stem-cell research). Besides Republican administration was less hostile to the business, so it's only fair that Obama's administration is blamed for their excessive regulatory efforts.

SkyMarshal 16y ago
That the Bush admin was less hostile to business is a misconception. You can't more than double the national debt, risking a bond market dislocation and the resulting spike in baseline Treasury interest rates, and still call yourself pro-business. Borrow and spend is worse than tax and spend. Further, the GOP-led financial deregulation directly enabled the financial crisis. Though in one respect that was very pro-business - the GOP also got the ball rolling on bailing out the financial industry with future tax dollars instead of putting the whole rotten barrel through managed bankruptcies and forced capital structure cramdowns, but that sure as hell wasn't good for the country. Pro-business, in a twisted, cynical way, but certainly not patriotic. I can go on and on about the hypocrisy of the GOP - pro-business? No. Patriotic? Lip service only. Keep government out of the lives of individuals? Terry Schiavo would beg to differ. Etc. etc. Every single thing the GOP claims is a total lie. The only reason more of them can't see this yet is b/c dogma > reason, belief > knowledge for them. Mags like the National Review need to spend less time removing the splinters from Obama and the Democrats' eyes and first remove the plank from their own.
- dennisgorelik 16y ago
  1) Problems introduced by Bush administration was not about deregulation. The problems were about overspending (because Republicans controlled all branches of government for too long). Obama administration together with Congress controlled by Democrats made situation even worse (due to government spending). 2) Bailout is NOT pro-business. It's very much pro-government and anti-business.

SkyMarshal 16y ago

That the Bush admin was less hostile to business is a misconception. You can't more than double the national debt, risking a bond market dislocation and the resulting spike in baseline Treasury interest rates, and still call yourself pro-business. Borrow and spend is worse than tax and spend. Further, the GOP-led financial deregulation directly enabled the financial crisis. Though in one respect that was very pro-business - the GOP also got the ball rolling on bailing out the financial industry with future tax dollars instead of putting the whole rotten barrel through managed bankruptcies and forced capital structure cramdowns, but that sure as hell wasn't good for the country. Pro-business, in a twisted, cynical way, but certainly not patriotic. I can go on and on about the hypocrisy of the GOP - pro-business? No. Patriotic? Lip service only. Keep government out of the lives of individuals? Terry Schiavo would beg to differ. Etc. etc. Every single thing the GOP claims is a total lie. The only reason more of them can't see this yet is b/c dogma > reason, belief > knowledge for them. Mags like the National Review need to spend less time removing the splinters from Obama and the Democrats' eyes and first remove the plank from their own.

dennisgorelik 16y ago
1) Problems introduced by Bush administration was not about deregulation. The problems were about overspending (because Republicans controlled all branches of government for too long). Obama administration together with Congress controlled by Democrats made situation even worse (due to government spending). 2) Bailout is NOT pro-business. It's very much pro-government and anti-business.