Deregulation
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October 16, 2008 11:00 PM
Irony: Incongruity between what might be expected and what actually happens.
In 1999, John McCain and Phil Gramm supported and voted for deregulation of the financial markets. This deregulation caused a huge "bubble" in our economy that has now burst.
Now, John McCain wants to fix the problem. It's a bit like the arsonist who pours gas on a fire, lights it and then puts on a fireman's hat and wants to put the fire out by pouring more gas on it.
Seems a bit ironic to me.
Steve Nardi
Kalispell