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Personal Finance Topics / Macroeconomic Trends and Risks
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Author: Dope1   😊 😞
Number: of 1020 
Subject: Re: 50 million to 1
Date: 08/22/2024 11:48 AM
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"The Era of Big Government is OVER!"

Welfare Reform *against* wishes of Progressives and working with the new Republican Congress -- versus the scandal plagued Democrat congress that was voted out.


OMG. These threads are like those USA Up All Night movies: so bad they were unintentionally hilarious. Remember those?

Bill Clinton wanted to spend the "peace dividend"; it was only after Newt Gingrich forced a budget on him did he cave.

libs of questionable historical knowledge also want to foist the housing crisis on Bush, but memory hole things like this:

https://www.presidency.ucsb.edu/documents/statemen...

The Gramm-Leach-Bliley Act makes the most important legislative changes to the structure of the U.S. financial system since the 1930s. Financial services firms will be authorized to conduct a wide range of financial activities, allowing them freedom to innovate in the new economy. The Act repeals provisions of the Glass-Steagall Act that, since the Great Depression, have restricted affiliations between banks and securities firms. It also amends the Bank Holding Company Act to remove restrictions on affiliations between banks and insurance companies. It grants banks significant new authority to conduct most newly authorized activities through financial subsidiaries.

How'd that work out for everybody? In looking this up I noticed a bunch of lib "fact check" sites trying to hand wave this one away (it had nothing to do with the collapse! nOThInG I tell you!) and other such BS.

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