So now the whole of the Senate GOP, including those who helped draft the legislation and were praising it, have decided to pretend to buy into McConnell's laughable remarks about more bailouts and
oppose financial reform. Remarks he made after meeting with his Wall Street fatcat donors.
John Cole sums it up best:
This is not an opposition party, it is a suicide cult. Except they are holding the gun to your head and apparently are not having second thoughts about pulling the trigger.
Rising Hegemon
4 comments:
GOP bullshit--- too big to flush?
-Privatize the Profits! Socialize the Costs!
If there ever was a time for the Democrats to go on the offensive, this is it.
If Howard Dean were leading this party, he'd raise holy hell.
and god forbid you call them PARTISAN.
Of course, the ironic thing here is that the Dems have already prewatered down this legislation to satisfy their own banking constituents and to appease the "moderate" Repug senators.
The inescapable fact is that if someone, anyone, doesn't get up the balls to repeal Gramm-Leach-Bliley and the Commodity Futures Modernization Act, for starters, and then go about devising ways to separate commercial banking from the speculative risk to which investment bankers are seemingly terminally addicted, and to heavily regulate the derivatives that are so complex that not even extraterrestrial investors could figure them out, w'all, you can just kiss the economy bye-bye, because the frauds and shysters will find every single one of the carefully constructed loopholes in Dodd's bill and more, and it won't matter one whit what the Repugs do or think.
Somebody's gotta be willing to cut the bastards off at the knees, and Obama's not going to do it, although Obama might have to go along with it if enough Dems sacked up and got serious.
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