The IUSB Vision Weblog

The way to crush the middle class is to grind them between the millstones of taxation and inflation. – Vladimir Lenin

Tackling the Bogus “Deregulation Argument” II

Posted by iusbvision on October 2, 2008

Today, Biden brought up the totally bogus “Deregulation” argument that it was Republican deregulation that caused the economic mortgage collapse. The McCain campaign has not been effectively nuking this argument.

Bill Clinton said that the Obama campaign is dead wrong about this issue and we wrote about it at this link —>

Tonight in his Analysis Charles Krauthammer said that McCain needs to find a way to handle the deregulation question because it is getting out of hand. IUSB Vision Editor Chuck Norton wrote an article on this very subject on Sept 24th! Once again the IUSB Vision is ahead of nationally respected pundits and analysts. Here is Chuck’s article –>

Here is an excerpt:

Here is what an effective political communications advisor would have advised Palin to say to nuke the deregulation talking point, so turn on your best Sarah Palin voice in your head and read along:

Katie, I have two answers to that question because that question comes from a fundamental misunderstanding of government and conservatism in general, and the problem we are facing right now with these institutions that were the catalyst to this whole mess,  which is why it is no surprise that the other guys are using it as a talking point.

When I first ran for my first political office my city did not have a police department. Now maybe the person who ran against me might say that I am not for small government because I am expanding it by inventing a whole new city department, but that would be silly.

Katie this is no different. Bank regulators and Treasury Agents are like police and need to protect us from theft and fraud. Senator McCain realized that there was a problem with the financial police that oversaw Fannie Mae and Freddie Mac because the people who were supervising those police and were taking money from those that they regulated. Those regulators report to the Banking Committees in Congress and not to the Treasury Department. Those politicians in Congress were taking money from them and protecting them. Senator McCain tried to fix that.

Protecting people from fraud and theft is a perfectly proper and expected role of government and just because Republicans tend to favor leaner, more efficient government doesn’t mean that we don’t want good police. And just because we want good police doesn’t mean that we want the government butting into other aspects of our lives.

The other answer is even more simple Katie, Fannie Mae and Freddie Mac, weren’t private companies as most people understand them, they are government sponsored enterprises and as such the obligation to make sure they are doing right by the people is natural.

This explanation, besides being completely true, destroys the core of Obama’s chief talking point on this issue and would also make her base jump for joy by showing an understanding of what conservatism is all about.

As far as answering Katie’s question on more regulation, stick with the police theme:

Sure Katie that’s easy, crime bills, ethics laws in political campaigns, drug interdiction, anti-terror legislation, Homeland Security, the voting rights bills and again Katie, that is a proper role of government that no conservative would oppose.

If the campaign wanted to get “touchy feely” they could mention McCain’s solution to cover people who have pre-existing conditions and have catastrophic health concerns (preventing them from getting private healthinsurance) by making a government backed GAP plan to help cover those people with health insurance.

In the mean time – lets examine who is really responsible…

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