Regulatory Reform Or More Government Power to Save Us Stupid Americans
Our Savior and Chief Obama is hard at work saving us by regulating us. (Read: Saving us from ourselves)
Read his full proposal if your interested. If not I’ll provide an honest and accurate summary as follows:
- Promote robust regulation and supervision of financial firms. (Read: Increase the power and scope of the State.)
- Established comprehensive supervision and regulation of financial markets. (Read: Increase the power and scope of the State.)
- Protect consumers and investors from financial abuse. (Read: Consumers and investors are stupid and need saved by government.)
- Improve tools for managing financial crisis. (Read: Make new governmental “regime” to find ways to increase power and scope of the State)
- Raise international regulatory standards and improve international cooperation. (Read: Give Europe and China more of a say in our financial systems)
Taking straight from Obama’s personal notes on his plan for financial reform NO SELF RESPECTING individual could like this plan or if they do like it they have something to gain. It straight out says individual’s (consumers and investors) are to stupid to look out for themselves! Secondly, NO PATRIOTIC AMERICAN could approve this plan as it looks to integrate and cooperate at an international level which will translate into abuses back on us; and finally, no person who doesn’t want the governments nose in how you invest, how your company invests, how you consume, save or operate should like all the POWER this plan gives to a few limited regulator officials and in Obama’s words “regime”. There is not any possible way to logically and intellectually defend this plan. This is the pure definition of illogical ideology and anti-intellectualism.
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