Wednesday, April 14, 2010
Where Will That Get Them This Fall?
I have written about the genius of the Republican party in the past. They, members of Congress that are Republicans, like Mitch McConnell, are so very clever. They understand the level of knowledge of their constituents, and they take full advantage of that ignorance to keep their people in the dark with a barrage of disinformation and lies. Listen or read Senator McConnell's comments about the new financial regulations that is making its way through Congress. Even Elizabeth Warren said his interpretation of the legislation with regards to the bailouts is "nuts." But, just how many Republicans are going to examine the stupidity of what Senator McConnell said? How many people in Kentucky will examine the validity of his criticism of the legislation with regards to too big to fail?
My hope is that there are a few Republicans in the Senate that will realize that the new financial regulatory legislation is necessary to protect us from another "too big to fail" bailout, not guarantee that a bailout will be forth coming from the Federal Government! This is a complete misread of the legislation. But Senator McConnell knows that, as he is no dummy. But, the Republican Party can not let this black President continue to repair and fix damage after damage what his Republican predecessor left for him in the Oval Office. The Republican Party is at the end of its rope, especially in the South and Southwest. With nothing more than fear to pedal, where do they go after President Obama fixes their mistakes? So, in their desperation they move further to the right and into the hands of the tea party. Let's see where that gets them this fall.