Saturday, November 23, 2024
33.0°F

Deregulation

| 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