Joe Biden possible presidential campaign, 2016/Government regulations
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Joe Biden |
Vice President of the United States (2009-2017) U.S. Senator (1973-2009) |
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2028 • 2024 • 2020 • 2016 |
This page was current as of the 2016 election.
Biden speaks about financial regulatory reform in October 2010 at the University of Wisconsin–Milwaukee. |
- According to a report conducted by the Heritage Foundation, there were 26 new major rules instituted in 2013 under President Barack Obama's administration, of which Joe Biden serves as Vice President. This figure is twice the Bush administration's annual average.[1]
- In October 2010, Biden connected government intervention with American innovation at a fundraiser, according to the New York Daily News. Biden said, "Every single great idea that has marked the 21st century, the 20th century and the 19th century has required government vision and government incentive. In the middle of the Civil War you had a guy named Lincoln paying people $16,000 for every 40 miles of track they laid across the continental United States. … No private enterprise would have done that for another 35 years.”[2]
- During the 2008 vice presidential debate against Sarah Palin, Biden criticized John McCain's support of deregulation, pointing to the sub-prime mortgage and financial crisis in 2008 as evidence of deregulation's consequences.[3]
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