The financial reform bill is now coming to the floor. And the Dems, led by the heroic Chris Dodd, are once again telling us how important it is to Get This Through FAST! But ya know, I find myself falling back on an old philosophy that has served me well throughout my life. There really isn't anything out there that I should throw a big chunk of money at without sleeping on it. This bill has been brewing for months, below the radar as the Government takeover of healthcare was filling the sky. The bill is 1,408 pages long, and could very well do to the financial industry what Obamao has done to the healthcare industry. To quote Rahm Emanuel, Obamao's chief of staff, "Never let a good crisis go to waste." So rather than sit down with this massive bill, and dissect out every little nuance, and most likely trim out a significant amount of pork to boot, it's rush, rush, rush, gotta get it NOW. Think about this a little. Your old chevy's feelin it's age, and it's time for a new set of wheels. When you get to the lot, the salesman's got the perfect ride for you. Step right up, it slices, it dices, it juliennes! 500 horsepower and 90 miles to the gallon, with room for 10 to sit comfortable. No greenhouse gases, and it never needs an oil change. And all this for just........ a few hundred billion (give or take a little). Boy, howdy, that got my sucker radar hummin red hot, and I wrote it!! As my favorite fictional character, Lazarus Long, once said, "When a man tells you how good it is for you, and what a loss it is for him, step back quickly and check your wallet. Then look around to find out what's in it for him. Look hard, and you'll find it."
It's rather interesting, as a side note, that just as this bill moves onto the senate floor, the suit against Goldman Sach's is released, helping rile up the public against the evil banking industry. And just in the nick of time, along comes the Fed to protect us from the monsters. Rather than recap the whole thing, I'll refer you to someone who has read the whole thing.
Senator Dodd’s Regulation Plan: 14 Fatal Flaws
Published on April 22, 2010 by James Gattuso
Mr Gattuso is a Senior Research Fellow with the Heritage Foundation, a conservative think tank and research institute. The Heritage Foundation is an excellent resource for those wishing to get a conservative assessment of what's going on in our government. I'm going to leave tonight's blog short, and let Mr Gattuso speak for me.
Good Night,
and Good Luck.
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