this post was submitted on 24 Sep 2023
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I think we detracted hard on how much affect Reagan as an administration did and its ripple effects vs a concrete proof of policy change. We can sit around jerking eachother all day about how the system became and what had bigger implications. I was just saying even if Reganomics had influence on why we got rid of glass steagall, the fact that we STILL dont have the appropriate regulation baffles me. I refuse to blame 40 year old politics and blame the current people not putting laws forward to make the changes we need. We repealed Steagall and not more than 3 years later, the fucking lawyers who pushed clinton to sign at Meryll Lynch got caught with misleading research that gave credence to the whole removal in favor of investment banking.. And we STILL dont want to bring it back, the Clintons STILL stand behind the removal. The last time I heard any propositions made to bring more banking regulation was back when elizabeth warren was trying to bring some way back in 2017. I feel like im on crazy pills
Oh yeah, I get a ton of crap for refusing to accept the Democrats' constant excuses for why they can't get anything done.
We need to hold both parties accountable. But most people who talk politics online are too scared to criticize Team Blue because Trump exists.