Under George W Bush, we had the economic collapse of 2008.
Barack Obama was sworn in as president in January 2009 with a Democratic congressional majority his first two years and enacted major regulatory reforms, including the Dodd-Frank banking regulatory oversight legislation (which included the Consumer Financial Protection Bureau as proposed by Elizabeth Warren) and led a successful economic recovery that benefitted everyone from Wall $treet to Main Street. The Obama-Biden administration also instituted transportation reforms including railway safety reforms.
Then Donald Trump became president (despite losing the actual vote of the people) and, beholden to his wealthy donors, rolled back the Obama-Biden banking, financial and transportation reforms. Senator Elizabeth Warren warned at the time exactly what we are now witnessing, avoiding the temptation to say “I told you so” is now (in a New York Times op/ed and numerous talk show appearances) calling attention to the tragic reality she predicted in 2018 when Trump decimated our safety oversight protections, and we can now see the tragic results for ourselves in so many ways.
Under George W Bush, we had the economic collapse of 2008.
Barack Obama was sworn in as president in January 2009 with a Democratic congressional majority his first two years and enacted major regulatory reforms, including the Dodd-Frank banking regulatory oversight legislation (which included the Consumer Financial Protection Bureau as proposed by Elizabeth Warren) and led a successful economic recovery that benefitted everyone from Wall $treet to Main Street. The Obama-Biden administration also instituted transportation reforms including railway safety reforms.
Then Donald Trump became president (despite losing the actual vote of the people) and, beholden to his wealthy donors, rolled back the Obama-Biden banking, financial and transportation reforms. Senator Elizabeth Warren warned at the time exactly what we are now witnessing, avoiding the temptation to say “I told you so” is now (in a New York Times op/ed and numerous talk show appearances) calling attention to the tragic reality she predicted in 2018 when Trump decimated our safety oversight protections, and we can now see the tragic results for ourselves in so many ways.