Meanwhile the House Republicans have done their bit to take us back to the fun roller coaster ride of 2008.

The House approved legislation on Thursday to erase a number of core financial regulations put in place by the 2010 Dodd-Frank Act, as Republicans moved a step closer to delivering on their promises to eliminate rules that they claim have strangled small businesses and stagnated the economy.

Because everything was so much better in 2008.

Apparently it’s not likely to pass the Senate though.

Yet the bill’s passage in the House, by 233 to 186, keeps alive the Republican Party’s dream of unwinding one of President Barack Obama’s signature accomplishments. The vote quickly drew the ire of Democrats who argued that Republicans were giving a handout to Wall Street while putting everyday investors at risk.

The bill has maintained a low profile compared with Republican plans on health care and taxes, but rolling back Dodd-Frank represents a major part of the Republican agenda. The Trump administration hopes that by unshackling businesses from burdensome regulations, renegotiating trade deals and cutting tax rates, it can help the economy grow faster and well-paying jobs will become more plentiful.

Because that worked so well in the years just before the crash. If we can do that and then jump off just before the crash – we’ll survive and everything will be awesome.

“Ultimately the Financial Choice Act is a jobs bill,” Speaker Paul D. Ryan said on the House floor on Thursday.

Or you could say it’s a bankruptcies bill,  a good bye life savings bill, a wow look at all these derelict houses bill. It’s a bill for people who look forward to paying off a mortgage on a house that is worth far less than the mortgage because the bottom dropped out.

In addition, the legislation would weaken the powers of the Consumer Financial Protection Bureau. Under the proposed law, the president could fire the agency’s director at will and its oversight powers would be curbed.

The bill would also eliminate the Labor Department’s fiduciary rule, which requires brokers to act in the best interest of their clients when providing investment advice about retirement. The first parts of the rule are scheduled to go into effect on Friday. The rule was completed last spring under Mr. Obama after years of development.

Awesome. Less protection for consumers, more freedom for people who want to take all their cash. Why should brokers have to work in the best interest of their clients instead of stuffing their own pockets with cash? This is America!

On the floor of the House on Thursday, as Democrats in lock step expressed their opposition to the bill they have nicknamed the Wrong Choice, they argued that Republicans had forgotten the lessons of the 2008 financial crisis.

“These are not the choices that the American people want,” said Representative Nancy Pelosi, Democrat of California, the minority leader. “House Republicans are feeding American families to the wolves on Wall Street.”

Oh well. The next crash is probably ten years off, so why worry about it?