(C) Daily Kos
This story was originally published by Daily Kos and is unaltered.
. . . . . . . . . .



GOP deregulation likely contributed to Silicon Valley Bank failure. Don't let them pin it on Dems [1]

['This Content Is Not Subject To Review Daily Kos Staff Prior To Publication.', 'Backgroundurl Avatar_Large', 'Nickname', 'Joined', 'Created_At', 'Story Count', 'N_Stories', 'Comment Count', 'N_Comments', 'Popular Tags']

Date: 2023-03-12

You know what really bothers me about Republicans? And no, it’s not that they still haven’t microchipped Louie Gohmert even though he keeps running into the woods without his collar. It’s that they keep playing this cynical game wherein they deregulate things and otherwise weaken government’s ability to prevent disasters, and when their landmines blow up under a Democratic president’s watch, they’re quick to point fingers—assuming they haven’t blown them all off with unregulated fireworks in GOP-controlled red states.

So you get rail disasters that are blamed on the current administration, even though Republicans have giddily rolled back safety regulations at every opportunity. Or you get a Great Recession brought on by financial industry deregulation, and when the economy doesn’t recover fast enough—in large part because Republicans are deliberately slowing it down—conservatives blame the new Democratic president for the mess. Which, to be clear, is a little like scapegoating the mayor of East Palestine, Ohio, for the rail disaster because his street crews haven’t swept up the dead birds quite fast enough.

Well, now another bank has failed, and conservatives—like the always lying Tucker Carlson—appear poised to lay this one at the feet of Democrats, too.

But we can’t let them. Because deregulation is, for the most part, their thing—and when stuff blows up because common-sense regulations are no longer in place, they don’t get to come back and say, “Yeah, I cut the brakes on the car, but come on now—you were driving!”

[END]
---
[1] Url: https://www.dailykos.com/stories/2023/3/12/2157619/-GOP-deregulation-likely-contributed-to-Silicon-Valley-Bank-failure-Don-t-let-them-pin-it-on-Dems

Published and (C) by Daily Kos
Content appears here under this condition or license: Site content may be used for any purpose without permission unless otherwise specified.

via Magical.Fish Gopher News Feeds:
gopher://magical.fish/1/feeds/news/dailykos/