What planet are Republicans from? Or are they simply from some sort of Bizarro Earth where everything is the opposite of our own universe? Or did they get into the medicinal marijuana cabinet again? Are they deliberately trying to destroy us or are they just imbeciles?
What is crystal clear, however, is that the GOP is completely out of touch with reality. The Obama administration is trying to pass a new package of strict regulations on the financial markets. This would include things like expanded oversight of hedge funds, increased regulation of financial derivatives, and tighter controls on large institutions whose failure would otherwise threaten the entire financial system.
And the Republican response to these proposals? They're opposed, of course.
Huh? Just how do the Republicans think we got into this mess in the first place? It was through years of lax federal regulation because such controls were deemed unnecessary. And yet they want to continue with more of the same? Have they not been paying attention?
Some elements of the far right are screaming that Obama is destroying capitalism. Well, here's a newsflash for them: American capitalism managed to thoroughly destroy itself during the Bush years without any outside help.
Friday, March 27, 2009
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