The Securities and Exchange Commission was created as part of Franklin Roosevelt's New Deal program to protect investors and maintain fair markets. Not that it always does the best job, but the GOP doesn't want it regulating or prosecuting anything.
...but hey, do what you want...you will anyway.[GOP] advocates of limiting government’s size have a traffic cop theory of the state, featuring a minimalist state focused on safety and security.
Many believe that government is at best superfluous and at worst a drag on a free market. It has long been their aim to cut taxes to “starve the beast.”
Grover Norquist, who founded Americans for Tax Reform in 1985 at the urging of President Reagan, declared in 2001: “I don’t want to abolish government. I simply want to reduce it to the size where I can drag it into the bathroom and drown it in the bathtub.”
The Conversation
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