Thursday, April 15, 2010

GOP working hard to block financial regulation

Just a reminder for everyone: reckless, unchecked, unregulated banking just nearly brought down the world economic system. Huge financial institutions had to be bailed out by the taxpayers, starting under George W. Bush, because there was no other way to avert armageddon.

Now, the senate minority leader from Kentucky, Mitch McConnell, is working to kill any future regulation. It was McConnell who authored the secret GOP strategy before the inauguration to refuse, under any circumstances, to cooperate with President Obama, just so you know how McConnell feels about bipartisanship. Now McConnel is doing his best to undermine the first draft of a financial regulation bill, which was authored by a Democrat along with a Republican.

And it gets better. McConnell actually went to Wall Street and met with 25 bank executives and basically told them that if they want to avoid regulations they better help the GOP win elections. You really can't make stuff like this up.

You know what the crazy thing is: I am not a Democrat. I never have been. I am right of center, an Economist-style classical liberal (ie a moderate conservative in the American system). But todays GOP is such an extraordinary collection of the most shameless and deceitful degenerates, that I feel like Karl fucking Marx by comparison. Seriously people, we need to wake up. Democracy doesn't work without a viable opposition, and the GOP strategy of win or burn the house down is not viable.
Sent from my Verizon Wireless BlackBerry

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