The answer was yes. They explained that they had strongly supported Ronald Reagan, and then they supported George H.W. Bush because they had supported Reagan, and then supported George...
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Well said,D G.Even more underreported was the repeal of the Glass-Steagall Act of 1933.That was a real banking regulation law.I'm not a big reg fan,but some are necessary.The act broke up al the various types of financial institutions which led to the Great Depression.I know the crash was in 1929, but that was only the beginning.They were doing the same thing that led to the Great Recession.They also used the same method of cleaning up the mess.Bundle sound assets with toxic assets.It crushed Central America.In the early 90s' the banks began to merge again,illegally. The Congress felt the need to upgrade the law to "reflect" 21st century banking needs.The Senate voted 90-8 to repeal Glass- Steagall.
In January 2008, at a John McCain rally in Columbia, S.C., I asked a number of local politicos to look back to the brutal 2000 Republican primary in their state, the one between McCain and George W. Bush. They had all supported Bush back then, and I asked whether, given the inconclusive wars, runaway federal spending and economic catastrophe of the next eight years, they felt they made the right choice.
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