Thursday, April 22, 2010

Why do I get the feeling it is really, really easy for Republicans to 'dodge the bullet' of opposition to financial reform if their cronies are so willing to run interference for them?

There is just no other conclusion I can come to given the 'track record' of the Republicans since President Obama took office January of 2009.

Now is there? 

Republicans are so 'performance' oriented that one has to measure their performance by what they value most.

Obama to ask CEOs to abandon 'furious efforts' to block financial overhaul


By Michael D. Shear
Thursday, April 22, 2010; 7:00 AM 

..."We've known that there would be millions of dollars spent by opponents of reform and allies of Wall Street to kill or weaken this bill," said White House deputy communications director Jen Psaki. "With that in mind, the goal from the White House has been to make the argument clear on what's at stake."... 

 In particular the Financial Lobby doesn't believe it should be responsible for its own bad behavior in the future.

The Financial Lobby seems to believe that criminal behavior works in their favor.  See, just because Paulson and Bush illegally placed a 'clause' in the Bailout Bill to exonerate any criminal activity doesn't mean it should be a methodology to count on.

My personal belief is that such a 'clause' is actually unconstitutional and the protections from criminal activity is nothing short of treason.  Either a country upholds the 'Word of Law' or it doesn't.  A country of laws or of men?  It would seem when it comes to Wall Street the Republicans PREFER a country of men.  Guns anyone?

Financial regulation reform faces stiff opposition  

http://www.latimes.com/business/la-fi-wallstreet-reform-20100422,0,7582735.story
  
Senate panel approves third controversial piece of overhaul package. Obama to make his case in New York on Thursday.