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Showing Original Post only (View all)WTF is wrong with Bernie Sanders? Seriously. [View all]
Yesterday, the Senate took a BIG bipartisan step in helping our economy by passing Eric Cantor's JOBS Act. The House previously approved it, and President Obama will sign it.
Practical people like Eric Cantor, Chuck Schumer, you and me understand that our economy is being held back by all of those Washington regulations on Wall Street. If only Wall Street could be free of its regulatory shackles, the 1% could take what's left to be took, and the country would be better off.
But nuts like Sanders won't let go, all they do is whine! Here's how Sanders greeted this breakthrough:
"At best, this bill could make it easier for con artists to defraud seniors out of their entire life savings by convincing them to invest in worthless companies. At worst, this bill has the potential to create the next Enron or Arthur Andersen scandal or an even worse financial crisis.
Have we learned nothing? Deregulating Wall Street led to the worst financial crisis since the 1930s. Now the same people who caused this horrible recession are telling us that more Wall Street deregulation will create jobs. Give me a break. I strongly support providing small businesses with the tools they need to create jobs. Sadly, that's not at all what this bill will do."
And that Mary Schapiro, the commie running the Securities and Exchange Commission? She whined to the Senate:
Too often, investors are the target of fraudulent schemes disguised as investment opportunities... As you know, if the balance is tipped to the point where investors are not confident that there are appropriate protections, investors will lose confidence in our markets, and capital formation will ultimately be made more difficult and expensive.
Incredible! Don't they realize that the free market will regulate itself? It's never failed yet.
Let's drink a toast together to the new spirit of bipartisanship in Congress. Last November it was the three Bush "free" trade bills, yesterday Wall Street deregulation... who can predict what's next? Maybe Newt will get his wish and they can end those meddlesome nanny-state child labor protections.
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Does that whining, unicorn-seeking socialist think - what? - there should be *more than one party?*
villager
Mar 2012
#1
Thanks for posting that so I could see the details of what was wrong with this bill.
grantcart
Mar 2012
#28
Manny, maybe you ought to actually LISTEN to what Bernie is saying,
Dont call me Shirley
Mar 2012
#37
Manny, I have really come to enjoy your so very dry wit, makes me chuckle, and I need that
2banon
Mar 2012
#46
Bernie is a self-admited Democratic Socialist, such as the govt's in many European countries.
Dont call me Shirley
Mar 2012
#36
Oh .... it's an article by Thomas Naylor, not a Counterpunch editorial. Thanks for the link!
Better Believe It
Mar 2012
#22
I wish there were more Bernie Sanders. He stands for what he believes in and the working people.
southernyankeebelle
Mar 2012
#31
WTF kind of poison pill is in THAT jobs act? You know there's gotta be one
Dont call me Shirley
Mar 2012
#34
Only in this country do they have the audacity to sell a bill that further enables the swindlers as
mother earth
Mar 2012
#44
The JOBS Act: Joining the fine tradition of Healthy Forests, Clear Skies, and the PATRIOT ACT
RufusTFirefly
Mar 2012
#45