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Born at the Crest of the Empire

Friday, May 07, 2010

Three points make a line?

The bad loan/financial crisis, the West Virginia Mine Disaster, and the BP oil spill all share the commonality that they occurred, in part, because the Bush administration "relaxed" regulations on industry either through rule changes or by gutting regulatory agencies and cutting budgets.

These incidents all took place in an intentional environment, and, I'm sure if we really dug, we could find many more smaller instances and near misses.

How much economic growth have we really enjoyed from "getting the bureaucrats out of business?" How much has it cost us so far? And what on earth do we have to look forward to in the future?

And where's the voice in the media saying that?


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