Money Quote

If you think the Big Shitpile is a reason we need to elect Obama, think again: 

OBAMA: Well, I think there are a whole host of areas where Republicans in some cases may have a better idea.

WALLACE: Such as?

OBAMA: Well, on issues of regulation. I think that back in the ’60s and ’70s a lot of the way we regulated industry was top-down command and control, we’re going to tell businesses exactly how to do things.

And you know, I think that the Republican Party and people who thought about the markets came up with the notion that, “You know what? If you simply set some guidelines, some rules and incentives, for businesses — let them figure out how they’re going to, for example, reduce pollution,” and a cap and trade system, for example is a smarter way of doing it, controlling pollution, than dictating every single rule that a company has to abide by, which creates a lot of bureaucracy and red tape and oftentimes is less efficient. (4-28-08)

Can we have Hillary back now?

(h/t Makana44)

UPDATE:

At a campaign rally Monday, September 29, in Denver, Colorado, Democratic presidential nominee Sen. Barack Obama once again charged his Republican opponent, Sen. John McCain, with being a supporter of deregulating financial markets that have since collapsed. “He’s fought against common-sense regulations for decades … and he said in a recent interview that he thought deregulation has actually helped grow our economy. Senator, what economy are you talking about?” Obama said.

BTW – Obama lied

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