Obamao Bank Regulation Rip-Off In Danger.
It could come down to another Teddy Kennedy finish for the 2,000 page bank regulation bill which Obamao took to Toronto, waving it in the air like a nouveau-economic Neville Chamberlain, urging the G-20 members to spend, spend, spend, just like us. Europe and Asia said… “no thanks”. His call for no country to prosper over another fell on amused but deaf ears.
With European socialist countries, including Spain and Greece, coming to the abrupt realization that socialism is economically and morally broke… with echoes of Margaret Thatcher’s classic warning before parliament, “The problem with socialism is that sooner or later you run out of other people’s money”… Europe has seen the light, albeit slowly and very painfully for their people.
So the Anointed One Trotskys his way around, desperately trying to permanently break the back of America’s economy… before we can get him stopped in November and out in 2012. The rest of the world, perhaps with the exception of ‘our little commie’s’ bosom bud down there in Venezuela, that famous Benito Mussolini wannabe Hugo (I’m not a thug) Chavez, realizes that spending and deficits need to be controlled before the world economy falls into a tailspin from which it may never entirely recover.
The banking bill, or as it should rightly be titled ‘The Large Banking Institution Freedom Bill’, is a 2,000 page polyglot that seeks to regulate our financial economy… every single phase of it… except for Fannie and Freddie. Gee, what a surprise! Where’s Barney?
The whole evil scheme may now be at risk, with the news today that Senator Robert Byrd (D-WV) has passed on at the age of 92. Massachusetts Senator Scott Brown (R) has said that he may not support the bill, which he originally favored the second time around. This could put a finish to the bill for this year. Good news for Conservatives and Patriots.
Give us responsible, sensible legislation and we might support it.
Semper Vigilans, Semper Fidelis
© Skip MacLure 2010