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May 19, 2010

Judd Gregg (R-NH): Dem's Financial Reform Bill Should Be Renamed "The-Expansion-Of-Government-For-Making-Us-More-Like-Europe Act"

Topics: Political News and commentaries

Clearly, we now know that Senate Banking Committee Chairman Chris Dodd's attempted compromise on derivatives regulation is going nowhere.

From the WSJ:

Sen. Judd Gregg (R., N.H.) promptly went to the Senate floor and said it stinks. "It's almost as if we're at the Madhatter's Tea Party the way this derivatives" language is "evolving," he said.

"It just gets worse and worse in an almost incomprehensible" way, he said. He called it a "convoluted exercise in chaos" and a "byzantine exercise in regulatory absurdity."

After all that, think he might support the financial overhaul bill? Um, no.

He said it should be renamed from the "Wall Street Reform Act" to the "The-Expansion-Of-Government-For-Making-Us-More-Like-Europe Act."

Did we really expect otherwise from the big government, globalist, anti-capitalist, Democrats?

Posted by Richard at May 19, 2010 10:13 AM

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