Regulatory Philosophy
The number of economic regulation governmental workers was increased by 91,196, whereas Bill Clinton had cut down the number by 969.
President Bush advocated the Ownership society, premised on the concepts of individual accountability, smaller government, and the owning of property. Critics have argued this contributed to the subprime mortgage crisis, by encouraging home ownership for those unable to afford them and insufficient regulation of financial institutions.
Read more about this topic: Economic Policy Of The George W. Bush Administration
Famous quotes containing the word philosophy:
“Mr. Alcott seems to have sat down for the winter. He has got Plato and other books to read. He is as large-featured and hospitable to traveling thoughts and thinkers as ever; but with the same Connecticut philosophy as ever, mingled with what is better. If he would only stand upright and toe the line!—though he were to put off several degrees of largeness, and put on a considerable degree of littleness. After all, I think we must call him particularly your man.”
—Henry David Thoreau (1817–1862)