And of course doing this without regard for the immense numbers of problems this creates. De-regulation is one of those libertarian talking poins that's utterly worthless in a real world context. Like the Command Economy, the Free Market never has existed in pure and unalloyed form and it never will.
Not to mention, the Tea Party types only favor deregulation and other 'free market capitalism' ideas when it benefits businesses, but never when the same policies benefit consumers.
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