Conservative Regulation
John McCain has been saying that the Republican Party is the party of regulating Wall Street. He claims that the Democrats have not been strong when it comes to keeping the stock market in check. Lets give you a brief history of “Republican Regulation.” In the 1920′s, GOP Presidents Calvin Coolidge and Herbert Hoover were so pro-regulation, that they removed virtually all “fair-game” laws so businesses could do whatever they want. Here’s another fact: in 1924, the conservative Supreme Court ruled that minimum wage legislation was unconstitutional. Who were these people trying to help? Were they thinking of Joe Six-Pack?
Next time McCain tells you that he belongs with the party of regulation, take it with a grain of salt…or just call BS on it immediately.
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