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The week's question
In March 2025, in the thread "Re: OT, out", Umm asked the members: "Do you think it is because America is made up of magical soil that makes businesses based in America magically profitable?" This week it is put to everyone again. The button below opens the small thread re-asking it - read what others have said so far, then give your own answer as an ordinary reply.
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Author: commonone ✹✹ HONORARY
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Number: of 86279 
Subject: Re: Silicon Bank
Date: 03/12/23 12:47 PM
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WiltonKnight: Oh, and Obama is out of office. Clinton is out of office. Bush is in now, buck stops with him.

What in the world are you babbling about?

In 2018, Donald Trump held a news conference to take credit for rolling back regulations on community banks.

TRUMP: "As a candidate I pledged that we would rescue these community banks from Dodd-Frank, the disaster of Dodd-Frank, and now we are keeping that commitment. And all of the people with me [republicans on stage] are keeping that commitment. We passed and signed a record number of bills eliminating job-killing regulations. In the history of our country, no president, whether it's four year, eight years, or sixteen years in one case, has ever passed more regulation cuts."

Sixteen years? Umm.

House Speaker Paul Ryan said Trump was taking a step toward 'freeing our economy from overregulation.'

Rep. Nancy Pelosi said: 'It's a bad bill under the guise of helping community banks. The bill would take us back to the days when unchecked recklessness on Wall Street ignited an historic financial meltdown.'

Senator Elizabeth Warren said: 'For years, armies of bank lobbyists and executives have groaned about how financial rules are hurting them. But there's a big problem with their story ' banks are making record profits.'
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This community has written 86,214 posts about US Policy. The article-length ones it recommended most:
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