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It's only 15 seconds long and he still manages to tell three lies.
"The Republican plan is to cut taxes on upper income people and go back to deregulation, which is what got us into this mess in the first place."
1. As with other Republican tax cuts, there's plenty of cuts for people in lower income brackets.
2. No one on the right is talking about "going back to deregulation". But even Democrats have admitted that some of the regulations that came out of the financial crisis were probably not wise and are not effective.
3. What "got us into this mess in the first place" was NEITHER tax cuts for the wealthy NOR deregulation. What got us into this mess was:
a. A number of LIBERAL policies such as pushing for $billions in mortgages that were made to people who were not credit-worthy and could not pay them back.
b. Ridiculous entitlements that BOTH parties supported.
c. A natural housing cycle that has been very evident for many decades and happened to turn down at the wrong time.
d. Failure to enforce the banking and financial institution regulations that were already in place but were being ignored - by both financial institutions AND THE REGULATORS.
So - here's my analysis: IF BILL CLINTON'S LIPS ARE MOVING, HE'S LYING.
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