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Lv 6
? asked in Politics & GovernmentPolitics · 6 years ago

Why has no president taken on board Roosevelt's Second Bill Of rights which would protect against Monopoly banking?

Roosevelts second bill of rights would have not allowed the financial crash to have happened So why has nobody brought it up again to see how it has support of the people .This is a question for the politics categories to answer

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  • Anonymous
    6 years ago
    Favourite answer

    All the candidates for president have had bankster support..

  • 6 years ago

    You don't need a Socialist manifesto to create anti-trust legislation. There was already legislation that would have decoupled the mortgage market from what happened on Wall Street, Glass-Steagal. This bill was eaten away over a period of 10-15 years. However, it was the push for social equality in housing that set up the environment for the mortgage meltdown in the first place. Regardless, the resulting recession only lasted 18 months anyway. The effects of mortgage issue had pass pretty much out of the system, as far a blocking economic growth, by July 2009. The sluggish economy after that point was due to a whole different set of big government "fixes".

    Compare this recession with the recession of 1991. Back then strong, Capitalist based economy made mincemeat out of the '91 recession, pretty much the same with the brief 2000 recession. 1991 was a slightly noticeably hiccup on that path that led to an even more robust economy.

    An economic shift to the Left will not fix problems,just create news ones after the luster of it's good intentions wear off down the road. That's what Europe is discovering right now, especially Greece. A strong Capitalist based economy often is self-fixing, but not always. However, if economic problems do hit, a strong, fundamentally sound economy will bounce back quickly.

    You can't wrap your children in bubble wrap to protect them from what can happen. It's better to make them strong to they can deal with and weather it.

  • 6 years ago

    Every president since Roosevelt has fallen somewhere on the political spectrum between far to the right and ultra-rightwing.

    Perhaps that can't be said about LBJ but he was too busy fighting a rightwing war to accomplish anything more liberal than he did.

  • Rob
    Lv 6
    6 years ago

    It's to late.

  • 6 years ago

    The military industrial complex took over. And under our socialist tax policies instituted by Eisenhower, thing were so good no one thought we needed them.

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