Multimillionaire Mittzie denies talking deregulation of Wall Street

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He said “Of course, we have to have regulation on Wall Street and on every street to make sure that our economy works well, so it’s factually inaccurate to begin with.”


He added: “Look, no one is talking about deregulating Wall Street.”


Actually, Romney has made deregulation of Wall Street and “every street” a central component of his campaign.


On the regulation page of his website—a misnomer; it’s really the deregulation page - Romney says that “regulations function as a hidden tax on Americans” and pledges to “tear down the vast edifice of regulations the Obama administration has imposed on the economy” by:


  • Repealing the Affordable Care Act
  • Repealing Dodd-Frank
  • Amending Sarbanes-Oxley
  • Providing multi-year lead times before companies must come into compliance with new environmental rules.



It’s true that no one wants to totally and completely unchain Wall Street so that bankers can do absolutely whatever they want in a lawless state of nature. (Unless Ron Paul does. I’m not sure.)


But it’s “factually inaccurate” to claim that “no one is talking about deregulating Wall Street.”




http://takingnote.blogs.nytimes.com/2012/08/15/romney-on-regulation/
 
I notice that you simply cut off the "replace" portion...

On his site it says he will repeal and replace Dodd-Frank with more modern regulation. Basically, he clearly indicates that portions of the law "have a place" however the fact that they do not define stuff like "bad mortgages" make banks and institutions fear creating new mortgages making it more difficult to get one even if in the past it would have been considered a good mortgage.
 
Romney-and-Deregulation.jpg





He said “Of course, we have to have regulation on Wall Street and on every street to make sure that our economy works well, so it’s factually inaccurate to begin with.”


He added: “Look, no one is talking about deregulating Wall Street.”


Actually, Romney has made deregulation of Wall Street and “every street” a central component of his campaign.


On the regulation page of his website—a misnomer; it’s really the deregulation page - Romney says that “regulations function as a hidden tax on Americans” and pledges to “tear down the vast edifice of regulations the Obama administration has imposed on the economy” by:

  • Repealing the Affordable Care Act
  • Repealing Dodd-Frank
  • Amending Sarbanes-Oxley
  • Providing multi-year lead times before companies must come into compliance with new environmental rules.


It’s true that no one wants to totally and completely unchain Wall Street so that bankers can do absolutely whatever they want in a lawless state of nature. (Unless Ron Paul does. I’m not sure.)


But it’s “factually inaccurate” to claim that “no one is talking about deregulating Wall Street.”




http://takingnote.blogs.nytimes.com/2012/08/15/romney-on-regulation/

Are you surprised Mitt is misrepresenting his position?
 
they also said the Bush tax cuts were just temporary.

and sign the pledge from the guy who wants our government so weak he can drown it in a bathtub
 
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