Many may not realize that before Ted Cruz was a U.S. Senator he had a lengthy career in various positions, one of which makes him particularly well suited to roll back the explosion of regulations under the Obama administration.
Following Cruz’s graduation from Harvard Law School in 1995, stints as a clerk for Chief Justice William Rehnquist and in the practice of private law, the Texan ultimately ended up serving in George W. Bush administration in the early part of the last decade.
PJ Media reports that Cruz, as director Federal Trade Commission’s Office of Policy Planning, was known as a consensus builder. “Almost all of Cruz’s initiatives received unanimous support among both Republicans and Democrats” who comprised the five members of commission, two of whom served in Bill Clinton’s administration.
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Cruz fought successfully against weighing down the blooming e-commerce business (including the explosion of companies like Amazon and eBay) with new regulations designed to protect old brick-and-mortar stores.
Another of Cruz’s favorite fights was taking on crony capitalism. According to PJ Media:
Cruz also sent dozens of letters to states to fight new efforts to enshrine crony capitalism. Cruz sent a letter to New York to challenge a legislative attempt to impose a “minimum markup” on the sale of gasoline. This bill was a naked attempt to force gas stations to raise prices, but was couched as helping consumers. Cruz also sent letters to promote competition in financial services and energy markets. Through it all, Cruz kept his focus on the ultimate little guy — the consumer.
Over a decade later, presidential candidate Cruz has remained faithful to stand against crony capitalism. As reported by Western Journalism, he told a Wall Street crowd this summer:
The simple reality is big business does great with big government…I’ll give you a statistic that you’ll never hear President Obama or Hillary Clinton admit: the top 1 percent, the millionaires and billionaires Obama constantly demagogues today earn a higher share of our income, than any year since 1928.
“There is a tendency in Washington to support giant corporations,” he said, adding that “the Democratic party is the party of the rich, big government and cronyism. That is the Democratic Party.”
Cruz offered the example of Dodd-Frank, which “killed hundreds and even thousands of small financial institutions” because they could not comply with its onerous regulations, which the candidate said Wall Street helped write.
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“I don’t think government should be playing the role of either Santa Claus or thug,” the senator said.
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