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:
“Philosophy can be compared to some powders that are so corrosive that, after they have eaten away the infected flesh of a wound, they then devour the living flesh, rot the bones, and penetrate to the very marrow. Philosophy at first refutes errors. But if it is not stopped at this point, it goes on to attack truths. And when it is left on its own, it goes so far that it no longer knows where it is and can find no stopping place.”
—Pierre Bayle (1647–1706)