ANSWERS: 3
  • Bribe Money.
  • That isn't a very clear question. If I hadn't provided you with that answer, I wouldn't have a clue what you were asking. There was a lot of money to be made by dismantling those regulations. People made a lot of money leading up to the depression. The twenties were years of a very robust economy that finally teetered out of control. A lot of money was made by manipulation of the stock market, and that was part of what lead to the crash. Roosevelt put a lot of regulations in place that kept the economy from being manipulated, but that also meant that people couldn't cheat to make those enormous sums anymore. There was much incentive to remove those brakes from the system. Reagan removed many of the programs put in place to prevent fence row to fence row farming, which exacerbated the dust bowl. He removed the price supports on milk, corn and other farm products that were meant to create an "ever normal harvest" and prevent feast one year, famine the next. When he did that, most family farms went out of business, replaced by large factory farms that cause much of the animal abuse these days. He also shut down much of the mental health system, which threw a lot of people out on the streets who are unable to care for themselves. Clinton removed much of the regulations on energy (think Enron), banking and trade. He left the markets defenseless. He gets a lot of credit for a boom economy in the '90s, but people are pretty forgetful when it comes to the bad economy now. He allowed the store-front check cashing establishments which are basically legal loan sharks. Those regulations were put in place to keep loan sharks from putting people in a position where they would lose their homes and go bankrupt. He signed NAFTA into law, and then his wife campaigned on needed to do something about NAFTA. They think we are so forgetful as to be stupid. They created their own campaign issue.
  • Reagan was a Republican and Republicans have always been for the rich getting richer. Wall St. was not in crisis when Clinton was President and so I think he just left it alone with the thought if it isn't broken then don't fix it. That was his mistake. He should have had one of his Congressmen put a bill before Congress to regulate financial institutions. Economic times were good under Clinton, but Reagan's trickle down philosophy doesn't work like he meant it to work. The trickle stops before it hits the Middle Class now.

Copyright 2023, Wired Ivy, LLC

Answerbag | Terms of Service | Privacy Policy