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Showing posts with label Financial Reform. Show all posts
Showing posts with label Financial Reform. Show all posts

Sunday, October 3, 2010

Tea Parties -- a summation

Glenn Reynolds has an editorial in today's Washington Examiner.
Dan Karipides sums it up nicely at Wizbang.
As is often the case, Glenn makes a few points with simple clarity.
Democratic and Republican politicians alike fear it, and increasing numbers of Americans (including, in recent months, increasing numbers of African-Americans according to a PJTV Tea Party tracking poll) identify with the Tea Party movement and say they are more likely to vote for candidates it supports, and less likely to vote for candidates it opposes.
You'll note that the slur "teabagger" has fallen out of fashion. Attempts to marginalize the movement have died down as leadership on both sides have begun to realize just how much momentum it has.
Both political parties are out of touch, and ordinary Americans are very unhappy about it, as they watch the Treasury being looted, the economy sink, and the political, journalistic, and financial ruling-class figures escaping the consequences of their ham-handed and self-serving actions.
But while ordinary Americans are mad as hell, this time they really don't have to take it any more. Institutions have failed them, but Internet tools like blogs, Twitter, and Facebook, and personal tools -- like the cheap handheld video cameras that beat back bogus charges of Tea Party racism again and again -- mean that they don't have to rely on failing institutions.
He ends with a warning to the current GOP leadership.

But those establishment GOP figures who think that they'll cruise to victory and a return to the pocket-stuffing business-as-usual that marked the prior GOP majority need to think again. This election cycle is, in a very real sense, a last chance for the Republicans. If they blow it, we're likely to see third-party challenges in 2012, not only at the Presidential level but in numerous Congressional races as well.

For the national GOP, it's do-or-die time. So guys, you'd better perform -- unless you want me to be writing another "I told you so" column in 2013. And trust me, you don't.
Read it all at Wizbang or the original at the Washington Examiner.

Monday, July 5, 2010

Revenge? Reform? Both?

This is the gist of Robert Samuelson's op-ed in the Washington Post. the last paragraph says it all:
What's called "financial reform" has twin motivations: to stabilize financial markets and to punish "Wall Street" for the crisis. So much in the legislation (a consumer protection agency, restrictions on "proprietary" trading by banks) is left to regulators that no one can now know the full outcome. It could be greater stability, overregulation or a scattering of risky activities into lightly regulated institutions. History will judge whether this qualifies as genuine "reform" -- or just revenge.