Republican proponents insisted the new legislation would reduce the regulatory burden on small businesses and spur creation of new jobs.
SOURCE: Houses passes bill easing rules regulating Wall Street – Yahoo News.
I think every one of those GOPers in this new congress need to have the words above tattooed on their foreheads. Ok more realistically written on a Post-It note and stuck on the foreheads. I’m sure that mantra is going to be their reason for every bill they pass in the coming two years as it has been for the last couple of decades. But as usual there is a big difference between rationalization and reality.
It’s funny that when they are in power Wall Street almost always does worse than when the Dems are there. When Mr. Bush came into office the stock market was at 11,000 when he left eight years later it was at 8,000 mainly due to GOP decisions made while he was in office. Then came Mr. Obama and the stock market went from 8,000 to almost double that in six years. I don’t know when the 1%ers who control more wealth than the rest of us combined are going to realize that the GOP are just not that good for them.
The “Regulatory burdens” that this new GOP majority want to eliminate are what was put in place to reign in the worst capitalistic greed. It doesn’t seem to concern these yahoos that the lack of regulatory burdens is what caused the near complete collapse of our entire economy just six short years ago. To me, and I hope many of you, regulatory burdens are the necessary rules for living in a people centered democracy but yes I do realize that we have become much less people centered in this new century. I pray that we can turn that around.
Eliminating taxes and therefore government is the goal of much of Republican’s action. They seem to do a good job of listening to their rich donors but not so much in listening to those who elected them. I know I have spent a lot of words here hitting on the GOP majority now in congress but that doesn’t mean that I think the other party did much better. All those yahoos need to learn some basic lessons about representing us. A democracy is about all the people not just about those who finance the political campaigns. They are there to do the people’s business not to blindly follow whatever their leadership or even more so the monied interests tells them to do. It is a shame that one of the first things they wanted to do as the new majority was to give more power to those who almost put us down. But maybe even more shameful was the second thing and that was to start whittling down Social Security. Shame on all of them for that mentality… and shame on us for not taking them to task for not doing the people’s business….
“Party Politics is the most narrow minded occupation in the World.” – Will Rogers, 29 March 1925
“If lawmakers were elected for life I believe they would do better. A man’s thoughts are naturally on his next term, more than on his country.” – Will Rogers, 8 June 1924
