Obama and the Democrats are running insane deficits for no business reason at all and he's going to puff himself up and preen before the cameras to yell at investors. Meanwhile, his cronies in Congress are planning to simply skip budgeting this year. Unreal.
That from KT
Precisely. But does the irony ever occur to them or are they so insulated and/or so arrogantly prideful that the notion is completely foreign to them. Even if they did, we doubt they would care.
But the tea partiers are just a bunch of racists, right?
I am no fan of the cozy relationships that allow the banks and other financial firms to get away with gambling with taxpayer backed dollars and then receiving bailouts when things head south. But the "Restoring American Financial Stability Act of 2010" does not such thing. Instead it grants the administration, of either party in power, the authority to take over any darn business it feels like.
That from B-Daddy.
We're not big fans of dumbing-down so let's just call this an exercise in the art of simplification. We realize some of this legislation, particularly with respect to Wall Street finances can get pretty dense, so consider this: in the absence of knowing anything else about the Wall Street financial reform bill, know that it was written by Chris Dodd. That's it. That's all you really need to know in order to quantify the crap-tastic nature of this bill.
Now, give yourself the rest of the week off and enjoy your weekend.