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:
“The philosopher’s conception of things will, above all, be truer than other men’s, and his philosophy will subordinate all the circumstances of life. To live like a philosopher is to live, not foolishly, like other men, but wisely and according to universal laws.”
—Henry David Thoreau (1817–1862)