Representative Peter Buckley
AN OVERVIEW OF HOW WE GOT TO WHERE WE ARE
The Occupy Wall Street movement is changing the political conversation in many respects, and I welcome the focus it is bringing to the actual crisis we face as a country and within our own state.
If you did not see this article in the Medford Mail Tribune on how the regulations on the financial industry came to first be put in place and then removed over time, please take a few moments to read it here. It is the most concise summary I’ve read so far on the choices that have been made to de-regulate, and what the consequences have been.
In my remarks to the Ashland gathering in support of Occupy Wall Street, the three things I put forth as the paths we need to follow to restore our country are fair regulations, a working government and progressive taxation. As you will see in this article, we had fair regulations in place for decades until the 1990s and this past decade, and they served us well. As you can see in DC, we absolutely must get back to a government that functions. And as our country proved in the 1940s through the 1970s, progressive taxation works in the effort to build our middle class and a sustainable economy.
Let’s look at regulations, at where we’ve been, and where we are now.
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Thanks and Onward,
Rep. Peter Buckley