Saturday, December 13, 2014

A few thoughts on the "cromnibus"

I was never a fan of Dodd-Frank, but why is Congress even messing with Dodd-Frank right now instead of trying to stop Obama's executive amnesty?  You don't have enough votes to impeach Obama?  Fine.  But surely you must have enough votes to at least try to defund the amnesty, right?  I mean, how can you say that something is unconstitutional while at the same time you willingly continue to fund it?  ( Ahh... apparently, Obama will be funding his amnesty with fees collected from immigrants, which makes it hard for Congress to defund. Still, I find it hard to believe that Republicans in the House can't do something to stop it, even if they have to do it in a separate bill. )

And if you are gonna mess around with Dodd-Frank, why do it in a way that basically legitimizes the idea that banks should be too big to fail, while leaving all the parts of Dodd-Frank that hurt small businesses in place?  That's a bit odd.  Personally, I think the only way banks should be allowed to resume trading derivatives is if taxpayers can be guaranteed that those banks will never receive any sort of bailout ever again; if they want to take on that kind of risk, okay, but don't expect taxpayers to be the ones left holding the bag when it doesn't work out.

On top of all this, Boehner apparently still plans on inviting Obama to give the State of the Union speech in the House of Representatives.  If we can't even get a symbolic gesture out of him, why is he there?  I've defended Boehner in the past when I thought people were being too quick to jump on him, but I'm quickly reaching the point where I don't really care who the House Majority Leader is as long is it's not him.

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