There have been a lot of Republican lies about how we got into this mess, but this one may just be the biggest of them all:
Transcript (emphasis added):
BLITZER: He seemed to be saying, all those Republicans who want a free market, who want to deregulate, who want the government off the back of these huge corporations, look what they're -- look what we got as a result of all of that.
BOEHNER: Wolf, you have to understand, there was no deregulation of anything in the financial services industries. As a matter of fact, there was an increase in regulation.
How stupid must Boehner think we are? Has he forgotten completely about the Gramm-Leach-Bliley Act, which the conservative Heritage Foundation called "a major step toward financial deregulation." Heritage wrote:
Significantly, this means banks, securities firms, and other types of financial institutions could join together to offer their customers a more complete range of services.
Of course, Boehner doesn't need any lessons on Gramm-Leach-Bliley -- because he voted for it in 1999.
In other words, John Boehner voted to usher in the era of financial services deregulation, helping pave the way to our present crisis. Now, instead of owning up to the devastating consequences of the policies he supported, he's simply pretending they were never implemented.
It's idiotic, but you already knew that. The amazing thing here is that House Republicans don't think they've got anyone better to represent them than John Boehner.
What a joke.