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:
“Methinks it would be some advantage to philosophy if men were named merely in the gross, as they are known. It would be necessary only to know the genus and perhaps the race or variety, to know the individual. We are not prepared to believe that every private soldier in a Roman army had a name of his own,—because we have not supposed that he had a character of his own.”
—Henry David Thoreau (1817–1862)