Barack Obama Quotes About Regulation
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I am a strong believer in the free market. I am a strong believer in capitalism. But, I am also a strong believer that there are certain common goods - our air, our water, making sure that people are safe - that require to have some regulation.
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The banks, because of mismanagement, because of huge risk taking, are now in very vulnerable positions. We can expect that we're gonna have to do more to shore up the financial system. We also are gonna have to make sure that we set up financial regulations so that not only does this never happen again, but you start having some sort of - trust in how the credit markets work again.
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Letting the free market do whatever it wants. That's not been historically how we grow. We have to invest in education, in rebuilding broadband lines and roads and runways, and it's important that we bring back American manufacturing and regulations to prevent consumers from being cheated.
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The more we can encourage entrepreneurship, particularly for young people, the more they have hope. That requires some reforms in these [African] governments: rooting out corruption, increased transparency and how government operates, making sure that regulations are not designed just to advantage elites, but are allowing people who have a good idea to get out there and get things done.
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The problem is, that we've got a position, often times by the NRA that says any regulation whatsoever is the camel's nose under the tent. And that, I think, is not where the American people are at.
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The United States has to go through structural reforms in terms of improving our education system or revamping our infrastructure or, you know, looking at some regulations that weren't properly controlling excesses on Wall Street.
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