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1. Bush administration and the legislature branch. (2001-2009)
- Afghanistan War
- Iraq War
- DHS
- ATSA (Aviation and Transportation Security Act)
- Patriot Act
- MMA (Medicare Modernization Act)
- NCLB (No Child Left Behind Act)
- TARP (Troubled Asset Relief Program)
2. Obama administration and the legislature branch. (2009-present)
- ARRA (American Recovery and Reinvestment Act)
- CARS (Car Allowance Rebate System)
- Continuing Wars/Nation Building
- ACA (Affordable Care Act)
- WSRCPA (Wall Street Reform and Consumer Protection Act)
- HIRE (Hiring Incentives to Restore Employment ACT)
- UCEA (Unemployment Compensation Extension Act)
- TRUIRJCA (Tax Relief, Unemployment Insurance Re-authorization, and Job Creation Act)
3. Clinton administration and the legislature branch. (1993-2001)
- FMLA (Family and Medical Leave Act)
- HIPPA (Health Insurance Portability and Accountability Act)
- PRWOA (Personal Responsibility and Work Opportunity Act)
- GLBA (Gramm-Leach-Bliley Act)
4. Big Businesses/Industries/Associations/Groups that are Best Buddies with Big Government.
- GM (General Motors Company LLC)
- Chrysler (Chrysler Group LLC)
- GE (General Electric)
- Walmart (Wal-Mart Stores, Inc)
- Big Banks (Federal Reserve, Wells Fargo, Bank of America, Chase)
- AFBF (American Farm Bureau Federation)
- ABA (American Bar Association)
- NAR (National Association of Realtors)
- AHIP (America's Health Insurance Plans)
+ too many others
5. Crazy Expensive and/or Reckless Government Creations.
- EPA
- DEA
- HUD
- DHS
- IRS
- NSA
- BATF
- DOE
- FDA
+ too many others
Government and lobbyists and crony capitalism. Its time to vote out the establishment and support people like Cruz. When the dens and GOP fear someone, its a safe bet you should support that person. Any political enemy if the establishment is most likely just what we need.
Government has created the economy, the FED lets them print money for all their bad decisions and the main focus of the US government for the last 80 years has been safety nets for anyone who has money and who doesn't have money.
The Corporations use the government to benefit them (not allowed and or the intent of the constitution and our government) and the poor vote for more money welfare and programs of which again are not the intent of the constitution and liberty based government.
The dollar has false value and has been devalued in where our paychecks buy less.
There were two things that are the root cause: (1) The repeal of the provisions of Glass-Steagall by the Financial Services Modernization Act (Gramm-Leach-Bliley Act) of 1999 that allowed bank entities to market their own debt securities; and (2) the exemption enacted in the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005, which immunized financial derivative contracts from bankruptcy. This set the stage for the subprime mortgage debacle, the failed banks, and the economic recession. And it will happen again, because Congress lacks the political will to stand up to the banking and securities lobbyists.
The OP in post #1 illustrated it plainly, there is too much micromanaging and interference into the private sector by the federal government.
We need to go in and repeal hundreds of expensive, dysfunctional, wasteful and useless programs and remove thousands of regulations that hinder and do not help.
It's a number of things and this list is in no way "all-encompassing." The first three are the biggies, IMO.
1). Lack of regulation of the shadow banking sector is huge...particularly on CDO's and Credit Default Swaps. 2). Bad regulation and cumbersome regulation in other areas. Primarily those that inhibit entrepreneurs. (Dodd Frank, Sarbanes Oxley, etc.) 3). ACA
4). TARP
5). Affordable Housing Policies
6). Healthcare cost inflation.
7). EPA
8). Too Big to Fail Banks and subsidized losses.
And many many more. It's naive to blame Bush, Clinton, or Obama solely....this is a joint effort.
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