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US residents: What big domestic policy improvements have the american people won from congress in the last 30 years? (kbin.social)

submitted 10 months ago by [email protected] to c/asklemmy

68 comments fedilink hide all child comments

Interpret improvements as you like. For me it's any large scale reforms or legislative packages designed to improve the country for all or see to the material interests of the majority without overly benefiting the elite.

Any big consumer protection, environmental, infrastructure, or other legislation from Clinton onwards that materially improved the lives of all?

Obamacare and the medicaid expansion comes to my mind. It has obviously improved people's lives but considering how broken the healthcare system remains, and that it was written by the insurance industry to undermine single-payer, it seems to me a mitigated win at best.

Gay marriage and marijuana legalisation but that was the courts and the states although i'm sure the federal government could've stood in the way had they chosen to.

I've only live here since the 2010s so that's all I can think of.

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[–] partial_accumen 66 points 10 months ago (2 children)

Dodd-Frank Wall Street Reform and Consumer Protection Act (2010) - which among other things created the Consumer Financial Protection Bureau and put in place the Volcker Rule which forbids banks from making certain risky investments with depositors money. To give you an idea of the power of the Volcker Rule, when it went in place banks begged (and got) a 5 year delay to divest for investments that violate the rule. Yeah, banks were playing fast-and-loose with with the money you deposited in your checking and savings accounts for their own gain. The Volcker Rule stopped (most) of that.

[–] [email protected] 30 points 10 months ago (2 children)

Didn't Dodd-Frank get gutted a bit in recent years?

[–] Odelay42 45 points 10 months ago* (last edited 10 months ago)

Parts of it were repealed in 2018 under trump and the Republicans.

I don't know what the effects of the rollback were.

[–] [email protected] 2 points 10 months ago

Yeah, Dodd occurred to me but I had vague recollections of a recent gutting as well.

[–] [email protected] 1 points 10 months ago

This is such a cope, we had glass steagall.. we had everything from this dodd frank already but decided only parts of it were worthwhile. It only took the fucking 2008 crash to decide we need 'some' oversight of banking speculation. We STILL dont have something to replace glass steagall. To say that dodd frank is good is like having diharhea in your bed wiped off and calling it clean.