Daily Agitator
The economy in the US is going to crap in a hand basket…..we need massive financial reform if we are to ever avoid the same meltdown that was suffered in 2008….the Congress is working on FinReg as we speak…..but there is a slight problem….it is the word “significant”…..one word can bring the whole reform thing to a halt because somebody somewhere wants to turn it into a political game…..this is what we have as far as governance goes….the games people play.
As reported on Newser:
Republicans have found another reason to oppose financial reform: They claim it will impose regulations on dentists, florists, and plenty of other small businesses, all because of a single word: “significantly.” The Senate bill states that the Consumer Protection Agency will only regulate those who provide significant consumer financial products. But it doesn’t define what’s significant, Republicans argue, meaning it could apply to financing small businesses provide their customers. The argument comes straight from a Chamber of Commerce talking point, Politico reveals. Democrats are willing to better define the word—Chris Dodd worked with Olympia Snowe on an amendment that should clear things up—but find the whole kerfuffle disingenuous. “I realize the word ‘significantly’ is what people want to work on, and I am willing to listen,” said Dodd. “But don’t make me debate completely false allegations about what is in the bill.”
The Chamber has become a lobbyists tool in the past decade or so…they do the bidding of every corporation and industry that will pay them the big bucks for their opposition…..they seem to have NO principle other than the opposition to whatever bill that will control the practices of an industry….
It is NOT about protecting the taxpayer and consumer…it is about stopping all reform…it seems everyone is dancing to the beat of the banks…..a casino industry with NO regulations…..gambling with taxpayer money, where they win they keep all the profit and if they lose the taxpayer assumes the responsibility for their loses…..a great way to gamble, too bad you cannot get this deal from the government YOU fund…..
If either of our countries had a system where legislation could and would be interpreted by intelligent people with common sense, then I would agree with you.
However, in recent years, there has been a drive towards more and more specific legislation in an attempt to have two bit bureaucrats with few brain cells apply this stuff and not recourse for anyone to properly challenge it without the use of horrendously expensive lawyers who know jack shit anyway and are often worse than the goddamned bureaucrats they are supposedly challenging – and so it goes round and round…
The result is an ever increasing tendency to try to produce legislation that spells out everything in great detail and, unless you change the system, that is important.
Just from the way the politicians constantly misinterpret what each other says (quite plainly deliberately), it must be obvious to anyone that, as I’ve said in the past, it doesn’t matter WHAT the legislation is, if it CAN be abused by some asshole, then it WILL be abused by someone like that seeking to apply it to a situation for which is was never intended in the first place and for their own spurious purposes.
Anti-terror laws are frequently a PERFECT example of this and, in the UK are often used to hold people without trial for a while when the police know perfectly well there is NO real terrorist threat involved, but if they can claim there is (however tenuous), they can get away with things that are otherwise not allowed!
The word CHANGE is becoming a scary political tag!
Well, change is never for the benefit of you, me and the guy in the street, that’s for sure!
The blog is really nice one and full of information we appreciate the kind of information you have provided in this post. The information are so useful for all of us and we would like to thank you from the bottom of our heart for this wonderful information.The things you have discussed about in this post which are supposed to be very helpful for us. Because of these wonderful information in this post the blog can be viewed again and again.
Thanx for the props, but I feel like I need to check for my wallet…..LOL
I’d call this spam – clever spam, but spam nevertheless.
I agree…but it is an ego boost to have someone pat you on the back…..lol….even if it is bullshit
Hmmm…