Regulation- helpful or not?

One of the major topics being debated between Obama and Romney is regulation.When it comes to regulation, the right and left could not differ any more with their political views. While one side (Republicans) believes that regulation will hurt businesses, the other side (Democrats) believe that deregulation will help business and create jobs.

When it comes down to which side is right, the Democrats seem to support a better case for regulation. Regulation saves businesses, as well as consumers' health, rights, worker's rights and the environment. An example of this is the regulation that protected American consumer from a financial collapse. According to US Government Corruption , 2012, "The Financial Services Modernization Act of 1999 [also known as the Gramm-Leach-Bliley Act] formally repealed the Glass-Steagall Act of 1933 (also known as the Banking Act of 1933) and related laws, which prohibited commercial banks from offering investment banking and insurance services." The deregulation of banks is what many economists think caused the collapse, including Paul Krugman. Hopefully, American society will realize when it comes to regulation, the Democrats are right.


(Opposing Viewpoints- Financial Corruption By A Corrupt Congress And Executive Branch Lead To Deruglation and a Financial Meltdown)
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