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Deregulation of banking industry is to blame

June 20, 2013
The Maui News

A June 15 letter bragging about Canada's ability to re-create lost jobs due to the 2007 crash is mistaken on at least one point: It was not Franklin D. Roosevelt who employed the top-down economic system. It was Ronald Reagan who used the top-down system that brought our economy down. It is referred to as the trickle-down system. Even the man who was a creator of that system has recanted and says it was a mistake.

 
 
 

 

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