rather than the new deal. it is not just lower taxes and deregulation, it is college becoming more essential and unaffordable. it is all business regulations, about all taxes are bad. let s crush the unions which was done, of course, let s cut minimum wages, let s take fewer and fewer people out of the overtime pay situation. let s take away private pensions, let s make all of it, all of that stuff changed in the 80s, and so much of it happened slowly in its effects. taxes were lowered immediately. and it is a big deregulation thing. but not all deregulation is bad as i say in the book. all these other things, all these millions of small, large, sometimes invisible changes took in some cases a generation to show up and produce this incredible inequality, insecurity, immobility that we find ourselves with starting at the end of the century.
trump actually is under investigation, and he goes, eh, so what. no big deal. just, you know, business as usual. it s okay. . hitched their horse to it. freedom caucus hasn t hitched their horse to his. i think they re going to hold out. the concessions aren t going to be pallettablpalettable. i wonder if they re going huge constituencies to get rid this insurance deregulation thing would collapse the insurance industry. i mean, you would have to really there will be significant pushback from the insurance. if they do not hold a vote on thursday, will they be able to bring a bill to the floor at any point in the future? or is this just collapsing in on itself and does donald trump move on to tax reform? i think they ll still have an opportunity in the future but i wonder how many animosity is going to come up with the process and people just really honkering down and putting their stake in the ground and these are what we will not concedeof
you know, the federal reserve had responsibility for federal regulation, citigroup failed, we had a housing bubble, had responsibility for regulation of mortgages and we got an epidemic of bad mortgages. no one says, you know, we made a mistake. so i think we deserve better than that as an explanation. doug, in terms of nobody taking responsibility, you sit there at the hearings, as you ve indicated. why is it that you sit there as an average citizen thinking to yourself, okay, i get the wall street thing, i get the deregulation thing, i get the fact that, you know, banks just kept doing this and doing this over a period of five or six years, but how come nobody, it seems, has stood up and said, there s an element of public policy that was responsible here, too, the sense that the government, both administrations, three or four in a row, kept telling americans everyone has the right to own a home? everyone can t afford a home.