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Title: Financial Regulatory Reform… stupidity of EPIC proportions
Source: [None]
URL Source: http://digressionanalysis.com/2010/ ... latory-reform-meet-the-turtle/
Published: Jul 16, 2010
Author: digressionanalysis
Post Date: 2010-07-16 13:18:24 by no gnu taxes
Keywords: None
Views: 111

I am completely mesmerized by the revisionist history before my eyes today.

Earlier I was planning to write an open letter to the president about how he might deal with the national debt… an issue he took up all the way back last week at a Wisconsin town hall meeting.

But today I had to put that thought on hold when the Senate passed the financial reform bill.

I reloaded my link to review the page only to find…

The NY Times had completely rewritten the article. (Without a cache link! Weasels.) Thank God for PDFs…

Let me go back to the original article because it contains stupidity of EPIC proportions.

The story leads talking about the Senate voting pretty much along party lines 60-38 to pass this non-reform, reform legislation. Russ Feingold from Wisconsin was the lone Democratic dissenter. (I may be starting to like that guy…)

Anyway they pass this thing and Chris Dodd opens his stupid pie-hole and says…

“We won’t know the full results of what we have done until the very institutions we have created, the regulations we have suggested and provided for are actually tested,” Mr. Dodd said in a floor speech. “We can’t legislate wisdom or passion. We can’t legislate competency. All we can do is create the structures and hope that good people will be appointed who will attract other good people — people who will make careers and listen and see to it that never again do we go through what we have gone through.”

WHAAAAAA??!!??!! What am I paying you idiots for????

You can’t “legislate wisdom or passion…” and you can’t legislate unicorns and leprechauns. But you can legislate FUCKING LAWS!!! (They let this guy talk in front of TV cameras?)

All they can do is “create the structures and HOPE (my emphasis) that good people will be appointed who will attract other good people…” WHAT??!!??!!

“People who will make careers and listen and see to it that never again…” blah blah blah… MAKE CAREERS????

Is this financial reform or a jobs bill??? You gotta be kidding me.

(Oh,and speaking of careers, the revised article adds…

“Officials are already working to prepare for the expansion of government, including finding buildings in Washington to house the new agencies.” (emphasis mine)

Maybe Senator Dodd can put them up in his basement for a while.)

Click for Full Text!

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