“Far from shrinking to dangerously low levels, regulation grew substantially during the Bush years,” noted Heritage’s regulatory expert James Gattuso.
In addition, the banking deregulation, which Obama sometimes blames for contributing to the financial crisis, took place not under Bush but under Clinton, who signed the bill to repeal Depression-era banking rules in 1999.
via Obama Tells Tall Tales About Bush Years To Attack Romney – Investors.com.