O’Malley: ‘Patently Bullsh*t’ to Think Regulation Hurts Economic Mobility
Potential 2016 Democratic candidate Martin O’Malley told NPR’s Steve Inskeep that the idea that regulation stifled economic opportunity was “patently bullshit.”
Inskeep framed the GOP as arguing that government regulation hinders middle class mobility by favoring larger corporations who can afford the means to game the system.
“I don’t think there’s any truth to that,” O’Malley said. “Our tax code’s been turned into Swiss cheese. And certainly the concentrated wealth and accumulated power and the systematic deregulation of Wall Street has led to this situation where the economy isn’t working for most of us. All of that is true. But it is not true that regulation holds poor people down or regulation keeps middle class from advancing. That’s kind of patently bullshit.”
“That’s quite a last word on that subject,” Inskeep said.
Listen below, via NPR:
[Image via Martin O’Malley/Twitter]
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