Its comming back in fascion by the neocons that got rid of it.
The 30-year era of deregulation came to a sudden and surprising end on Sept. 16.
Late that evening the Federal Reserve extended $85 billion to take an unprecedented 80 percent stake in American International Group in order to save the floundering insurance giant. Less than two weeks earlier, Treasury Secretary Henry M. Paulson Jr. had announced that the federal government was taking over Fannie Mae and Freddie Mac, the colossal mortgage agencies. Suddenly the U.S. financial sector could not survive without government help.
Since the long-ago days when Jimmy Carter was President, regulation has been a dirty word in Washington. Politicians of both parties vied to see how much of the economy they could free from the oppressive yoke of government control. The deregulation movement started when Carter signed the Airline Deregulation Act of 1978. Later, as it spread from energy to trucking to telecommunications to financial services, the rallying cry was the same: Less regulation, more growth.
30-year deregulation era dies a sudden death
REGULATE BABY REGULATE!
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A repeat of the 1920's.
The next bailout they are planning will put the taxpayers in debt by a trillion dollars and will not help a thing but corporate fascist salaries and when they finally declare bankruptcy all that tax money is down the drain. These con men need to be allowed to fail because all they are doing is causing more weakening of the dollar and increased inflation.
Check your depression history Linda and see who and what caused the 1929 crash and who is causing it now.
All Bush and his Master Cheney are trying to do is patch things together until they sneak out the back door and head to Switzerland to count their loot.
If you heard McCain speak the last two days you'd think he was a populist running on the Democratic ticket. However, as he told The Wall Street Journal last March, "but I am aware of the view that there is a need for government oversight, but I am fundamentally a deregulator." His economic policies are not different than Bush's. We can expect more of the same.