The one-liner is something like, “there are no atheists in foxholes and no libertarians in a financial crisis”. So, I don’t think there will be too many objections to this recent comment from Obama, as reported in today’s WSJ, Obama Keen to Regulate Finance:
“We have been asleep at the switch, not just some of the regulatory agencies, but some of the congressional committees that might have been taking a look at this stuff,” Mr. Obama told reporters in Chicago. “We have not been as aggressive, and we’ve had a White House that started with the premise that deregulation was always good.”
It’s clear that the push for deregulation started in the Clinton administration, but why quibble?