Quote:
Originally Posted by Ermes Marana
This is the biggest power grab in history. As it stands, the executive branch will turn the USA into a socialist economy with them in complete control.
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This is correct.
Calling it a partisan issue, though, is very incorrect. This isn't really about the power of the executive office, but the power of corporate banking.
Republicans called for deregulation, and the Democrats opposed the same bills not on the grounds of deregulation itself, but because they didn't include some guarantees that only helped accelerate the sub-prime lending crisis (long story short is that they got what they asked for, and the bills passed with wide approval). BOTH parties sold the country out on this mess.
(Not all of the deregulation was uncalled for, mind you, but these changes were overall disastrous.)
One of the few things that makes me worry less about a McCain presidency is that he changed his mind on the deregulation issue a long while ago. He's been pointing fingers for years in the same directions he's pointing them now.