Thursday, July 22, 2010
Obama Signs Financial Reform Bill
President Obama yesterday signed the largest Financial Reform Bill since the great depression. This is much needed and long overdue legislation and I am ecstatic that it has finally been signed into legislation. Not so surprisingly it didn't get one Republican vote in the Senate. Apparently, the GOP see's no correlation between deregulation of the Bush years and the economic meltdown of the past few years (or if they do they won't admit it). Anybody paying any attention knows that's not true. Let's take a look at what all the GOP deregulation has gotten us? We tried it with energy, it brought us the Enron fiasco. We tried it with the food supply, it brought us salmonella in spinach, lettuce and tomatoes, feces in beef, tainted water, you name it. We tried it with mining, it brought us dead coal miners. We tried it with banking, it brought us the current recession. We tried it with big oil, we got the current mess in the gulf. At what point does it sink in that somebody needs to be watching the foxes as they guard the hens? Of course the GOP realizes this though, they just refuse to admit that their prized ideology could be wrong. They also would rather try to paint it as more big government waste coming from the socialist Obama regime. It's really sad that we've come to this. What is it going to take for politicians to put the good of the country ahead of the good of the party?
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