Sunday, October 17, 2010

Deregulation is always credited to Reagan. However, it was begun under President Carter.

Carter Signs Airlines Deregulation Bill (click here)

Airline Deregulation Designed to Boost Competition

By Carole Shifrin
Washington Post Staff Writer
Wednesday, October 25, 1978
President Carter yesterday signed into law a bill designed to increase competition among the nation's airlines by phasing out federal regulation.
The new law, supported by President Carter since the beginning of his term, gradually reduces the role of the Civil Aeronautics Board in the fare and route decisions of the airlines, and abolishes th CAB altogether at the end of 1984....


To make a long story short, (click title to entry - thank you) prohibition led to the dismantling of many small breweries around the nation. When prohibition was lifted, government tightly regulated the market, and small scale producers were essentially shut out of the beer market altogether. Regulations imposed at the time greatly benefited the large beer makers. In 1979, Carter deregulated the beer industry, opening  back up to craft brewers. As the chart below (here)  illustrates, this had a really amazing effect on the beer industry:



The truth of the matter is that Democrats are just as saavy regarding promoting Business and Commerce than any Republican.  Actually, considering how Carter was interrupted and looking to the success of Clinton, the Democrats are far better at producing an economy that significantly adds SUSTAINABLE jobs to the country. 
...Mike Parkhurst was a trucker turned reporter whose magazine, (click here) Overdrive, aspired to speak for the independent owner-operator; it was filled with exposés and editorials attacking the Teamsters union, the Interstate Commerce Commission (ICC), and the maze of state and federal rules that befuddled and burdened the ordinary driver. In his magazine and in testimony before Congress, Parkhurst called for a sweeping deregulation of his industry, a push that culminated with the Motor Carrier Act of 1980. The new law, sponsored by Sen. Ted Kennedy (D-Mass.) and signed by President Jimmy Carter, radically reduced the ICC’s authority, eliminating entry barriers, price controls, and other policies that had protected a cartel of carriers from competition. Before 1980, independent truckers had been limited to transporting farm commodities. Under the new rules, thousands of new firms flooded into the remainder of the industry, driving down prices for manufacturers and consumers alike....

Hello?