Wild Market Shows Need For Reform Legislation Stability
On a Thursday when the Dow-Jones fell about 1,000 points before a partial recovery, Democrats and two brave Republicans in the Senate picked a good day to fend off an effort by most GOP Senators to weaken a Wall Street/Big Finance regulatory bill soon to pass the Senate.
The Republicans' willingness to stay tight with Wall Street after the near total stock market and financial sector meltdown of 2008, and yet again yesterday, tells me th party of Big Business still prefers Wall Street donations and inflexible ideology over common sense.
The Dems may yet avoid a 2010 massacre in November; if they do, they ought to strike a medal with Mitch McConnell's face on the front. Maybe Big Spending RNC chairman Michael Steele on the obverse?
1 comment:
James - good to see for the first time you admit the debacle the Democratic party possibly faces this fall in the voting booth.
Would be curious to know who you blame on that, I know it would not be the Democratic "government is the answer to everything" policies of the last year.
So it has to be some other nefarious all powerful bogeyman like Bush, Cheney, Sarah Palin, the Tea Party, Haliburton, the Road Builders, etc.
And to think the Feds have any capability to effectively regulate anything is pathetic. There would be no need for further Wall St. regulation if the Federal agencies already existing, wastefully pissing away billions of out tax dollars, actually did their jobs instead of surfing porn sites all day.
But the Rahm strategy stays the same, “never let a good crisis go to waste”.
SOM/BFTG
Post a Comment