Generate text that refutes this claim: Deregulation contributed to the banking crises and, therefore the 2009 economic crash  It is clear that the economic meltdown was, in large part, caused by deregulation of the banking and financial sectors. The Republican obsession causes not only environmental damage and low wages but it doesn’t even succeed in its avowed aim of leaving the market free to generate wealth. In just a way of letting the parties friends in the boardrooms of corporate America to get even richer by gambling with the homes and pensions of ordinary, hard-working Americans [i] .  The Congressional Republican response to the 2008 crash was to pass a bill that curtailed 38 environmental regulations, blaming the EPA for the stalled economy. Why is anyone’s guess.  [i] “Why Government Becomes the Scapegoat”. Governemtnisgood.com
economic policy tax politics government house doesnt trust republicans economy
The events of late 2008 had a variety of complex causes. To try and blame them on one thing alone is not to understand the problem.  What is clear however is that an active financial sector creates jobs and wealth for the American people providing them with the security of a job, a pension and a home in a way that government can only dream of.  There is also no doubt that light regulation allows business to grow and create jobs, the only way out of recession is to allow business to do what it does best; grow America for all our futures.  As Ronald Reagan put it “Government is not the solution to our problems. Government is the problem”.