Some historical perspective . .

[cdswans]

“Those that fail to learn from history, are doomed to repeat it.”
Winston Churchill


Wednesday, November 6, 1991

Business | Who Killed The American Dream? -- The Dismantling Of The Middle Class -- Grim Reality Of Deregulation | Seattle Times Newspaper

"Now comes banking reform sought by President Bush who this week convinced the House to abandon a plan that did not match his desire to unleash the banking industry.

"Our banking reform proposals," Bush said Feb. 5, "address the reality of the modern financial marketplace by creating a U.S. financial system that protects taxpayers, serves consumers and strengthens our economy."

Sound familiar? It should.

The arguments for deregulating banks are much the same as those made in the 1970s and '80s for the other industries: . . "

and

"While companies that hire truckers have profited from lower rates, there is no evidence that the cost savings have been passed on to consumers.

Neither have workers in the industry benefited; in fact, gains by shippers have come at workers' expense."


Note the date of the article . . this is Bush 1 era, not the other one.