Today came the announcement that Barney Frank would be the co-coordinator/liaison to oversee the combining of the Senate-passed Financial Reform Bill and the House version. Think about that, America... just think about that... That announcement is like putting Jack Kevorkian in charge of Health Care...
Barney Frank, along with Chris Dodd, are the failed architects to Fannie Mae and Freddie Mac; and although no one wants to say it, Fannie Mae and Freddie Mac is where the sub-prime mortgage debacle began...
But America, think of how little sense this makes, Barney in charge of Financial Reform-one sixth of our economy being handed over to The federal Reserve and the U. S. Treasury... no checks and balances, no accountability, just at the whim of executive power...
Add Scott Brown's affirmative vote last week for cloture.... add Olympia Snowe, add Susan Collins... what a trilogy...
My expectation of sending Scott Brown to Washington was simple, that he would be the 41st vote advocating for “constitutionally-limited government.” Well, Scott Brown defends his affirmative vote for the Financial Reform Bill by proclaiming that the bill provides transparency; but Scott Brown-like many on capitol hill-does not understand the difference between the fiduciary responsibility of being a financial advisor versus the responsibility of 'making a market.' When you are trading a million shares from a buyer to a seller, no one asks for anyone's home address and phone number... nor should they.
In response to a question on talk radio Friday, Senator Brown said, "I have always said I would vote for each bill on it’s individual merit, and this bill was good for the state of Massachusetts." Senator Brown is starting to sound like Sen. Stupak of Michigan, Blanche Lincoln of Arkansas and Bill Nelson of Florida... but I wonder what exactly Scott Brown received for his vote...
Instead of holding out with his affirmative vote, Scott Brown used his leverage long before he had to and lost his power to curb the formation of the Consumer Protection Agency, another huge bureaucracy included with the Financial Reform Bill... No checks and balances and an over-reach of government power...
When I look at what has happened to General Motors, the bastardizing of contractual law and the outright, flagrant, heavy-handed, convoluted manipulation of giving General Motors to the unions who were majorly-responsible for General Motors failing, then I begin to understand that, as long as I concede that nothing this Administration does makes sense, then it all makes sense...and that is very scary.
