Wednesday, September 12, 2012
John Stossel writes a column that both debunks a pro-Obama television spot featuring Bill
Clinton and demonstrates why mere lip-service to the right ideas usually causes
more harm than good.
Clinton then tries to scare viewers by telling them that Republicans want to "go back to deregulation. That's what got us in trouble in the first place."It is interesting to speculate on where our economy would be had Bush actually lived up to his reputation as a deregulator. Conversely, it is too bad for Romney and the GOP that Bush hadn't been more honest -- or better held to account by fellow Republicans -- about his actions. In either case, Barack Obama would be less able to pretend now that "deregulation" is somehow the cause of our economic depression.
Ah, the progressives' George W. Bush deregulation myth: Bush's anti-regulation crusade caused our problems. This is a lie that seems true because of constant media repetition. In fact, Bush talked deregulation but vastly increased the regulatory state. He hired an astounding 90,000 new regulators. Under Democrats and Republicans, regulation grows.