@Lee Van Queef and
@tvstrip - way too critical of
@Luxman here if I must say. You guys are like tag-team wrestlers ganging up on him.
Lastly, does Biden stuff belong in the Trump Legacy Thread?
No. Put all of this in the Biden Presidency Thread.
You can blame President Biden all you want about the Silicon Valley Bank and the Signature Bank failures. Same with the Norfolk Southern Railway accident.
Though you're both kind of misguided here.
Let's take the Silicon Valley Bank and the Signature Bank failures (as the example here) :
It is Congress that proposes legislation. The President signs the bill into law. Bills start out in the House of Representatives. So the issue here is to strengthen banking regulations so banks like SVB and SB don't fail. If this was going to be under President Joe Biden ... this case, in 2021, a Democratic held House would have brought back the legislation building up the banks. However, the bill would never have gotten past the Senate. GOP Senators, holding a 50-48-2 edge, would filibuster it and then they would never vote for it. The bill would never have made it to President Biden's desk to become law.
Now since the 2022 elections, with the GOP's slim majority, making changes to the
Economic Growth, Regulatory, Relief and Consumer Protection Act. It would never get out of any House Committees, and if it managed to get out, the bill would die on the House floor.
As for the bill that eased banking regulations which President Trump signed in 2018, it was a GOP controlled House, first with John Boehner then with Paul Ryan, that proposed it. The bill went onto pass the GOP controlled Senate. President Donald Trump then signed it into law on May 24, 2018.
In summary, with Trump, things (like passing legislation) early in his administration went smoothly. With Biden and even Obama? Not so much.
First get your facts right. Then you can argue with Lux all you want.