| | I found this article from Reason to be rather interesting. I just copied and pasted a portion, but follow the link to read it in its entirety.
John Berlau | November 21, 2008 ...
In the presidential debates, Obama charged
that McCain "believes in deregulation in every circumstance" and
claimed, "That's what we've been going through for the last eight
years."
And as a contrast to the last eight years, Obama said in a speech
that his administration would go back to the "shared prosperity...when
Bill Clinton was president." When campaigning for the first time with
Bill Clinton at a Florida rally in late October, Obama gushed that, "in
case all of you forgot, this is what it's like to have a great
president."
But now that he has won the presidency and must, as
the cliché goes, shift from campaigning to governing, Obama and his
economic team will have to face up to a paradox that most of the media
overlooked during the campaign. Namely, the Obama campaign's twin
messages of bashing deregulation and embracing the Clinton years were
inherently contradictory. Bill Clinton signed nearly every deregulatory
measure that John McCain backed—the same measures that are now being
blamed (wrongly) for helping cause the current crisis. What's more,
Clinton administration officials have credited these policies for
contributing to the ‘90s economic boom—the very "shared prosperity"
that Obama says he wants to go back to....
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| | Posted 11/25/2008 8:12 PM - 67 Views - 8 eProps - 5 comments
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