The Athens Review
Athens —
Recently, Congressman Hensarling declared that the Obama stimulus plan was a failure.
Why, I ask? Is it because it lowered Federal Income Taxes on families making less than $250K (family making $250K is doing good), subsidies on health insurance for the unemployed (Cobra plan), and other programs for the American family to help them weather the economic storm caused by the deregulation of financial markets.
How is deregulation going for us? High electric rates, soaring health costs and a stalled economy. In the 1980s, it was deregulation of the savings and loan industry. That cost the taxpayers $50 billion, which sounds cheap today. In the 2000s deregulation, the cost is $700 billion.
All is caused by deregulation of financial markets championed by Congressman Hensarling. Those are failures.
Regulation is not a bad thing. Lack of regulation is an invitation to chaos. Stability is growth.
God bless.
Will Pruitt
Athens
