When the Senate's Republican leader Mitch McConnell took to the floor this week to denounce the latest version of Chris Dodd's vision for how American finance and banking ought to be run, McConnell eased fears among conservatives of all sorts that the GOP would go along with an alleged Wall Street makeover just to avoid the prospect of an MSM chorus of denunciation of Republicans as obstructionists.
McConnell blistered the Dodd bill as a pathway to future bailouts and in a stroke gave the GOP firm ground on which to fight.
Now if he can only do the same thing twice more.
Disgust with the runaway Congress that blew past the objections of a large majority of Americans when it came to Obamacare has not dissipated in the weeks since the jam-down occured. President Obama's poll numbers have hit new all-time lows and could drop further as the parade of horribles associated with Obamacare gets longer and longer and new and unpleasant surprises seem to emerge every day.
This is not a Congress to inspire confidence. In fact, this Congress inspires a great deal of fear and, in some quarters, loathing. Voters cannot wait until November to deliver the political punishment that always follows parties and politicians who turn their faces against their people who sent them to D.C.
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3 comments:
This post is laughable. McConnell acts as if nothing happened to the economy in '08 and '09. These big banks are criminal and need a tight leash to ensure they don't ever again gamble the American peoples money away in a greed feeding frenzy.
Republican pollster Frank Luntz polled various phrases in January and advised the Republican party that connecting banking regulation to the bank bailout would turn public sentiment against it. McConnell is following Dr. Luntz' script. Every time a conservative discusses new regulation of the financial sector, the phrase "Bank Bailout" will appear.
The Republican leadership practices demagoguery and the locals eat it up.
Odd how the charges against Goldman Sachs was plastered in the media the same day the Dem's financial Reform is unveiled...
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