Saturday, December 12, 2009

Not exactly news: Democrats continue to destroy capitalism, prevent recovery

You're not surprised by this, are you?
The House passed the most ambitious restructuring of federal financial regulations since the New Deal on Friday . . .
The sprawling legislation would give the government new powers to break up companies that threaten the economy, create a new agency to oversee consumer banking transactions and shine a light into shadow financial markets that have escaped the oversight of regulators.
The vote was a party-line 223-202. No Republicans voted for the bill; 27 Democrats voted against it.
Hey, did you catch that? The government could "break up companies that threaten the economy."
  • Question: Which companies are targeted by this?
  • Answer: Any big company that gives too much money to Republicans.
Honestly, this misguided legislation is about one thing and one thing only: Expanding government power. A few other tidbits from the Washington Post:
The 1,279-page House bill . . .
Rep. Barney Frank (D-Mass.), who guided the bill through the House Financial Services Committee . . .
1,279 pages! Let's face it: The Democrats couldn't pass a resolution to honor National Stamp Collecting Week that didn't run at least a thousand pages long with $50 billion in pork-barrel spending buried in the amendments.

And of course Barney Frank is in charge of the bill! Who else can we trust to bring reform and transparency to the financial industry?

And when the bill goes to the Senate, Chris Dodd will be in charge of it. Because this just makes sense, you see?

Please, Mr. Caterpillar, let me hit that hookah. After four or five puffs, maybe the madness will seem sane.

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