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The Big Pander on Wall Street

If you fully understand the problems of the American finance, please feel free to opine on the bill before Congress. But following the political horse-race coverage of the bill by the Washington Post, you can see that not everyone is really interested in the content. Instead, politics rules.

The one thing certain is that is that Democrats, having lost this vote, finally may be ready to deal. Indeed, maybe the point of the vote was to show their base the necessity of so doing.

Strangely, multi-billionaire businessman Warren Buffeted added at the end a note of sobriety to the proceedings by arguing frankly for his own interests. Buffet is much admired. He supported Obama. But he does not see this bill as advancing real reform. His Nebraska senator, Democrat Ben Nelson, voted with the Republicans.

Republicans, however, also are ready to deal after this vote, and have been ready to deal all along. They are not, in fact, any more in bed with Wall Street than are the Democrats.

Republicans must disenthrall themselves publicly yet again from the image of the "Party of the Rich." In fact, they deserve a reprieve, especially since the "rich" voted for Democrats in 2006 an again in 2010.

The problem for Democrats is that they have not disenthralled themselves from the new and entirely valid image as "the party of big government" that gets into every aspect of life as an uninvited and self-proclaimed "expert."

You can email brucechapman@discovery.org

1 Comment

I am entirely lost with it all! information overload!! :-)

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