The Financial Reform Bill

Have you heard the news? A massive new bill was just signed into law by our president. All twenty-five hundred pages of it! Some call it The Wall Street Reform Bill; others call it the most partisan piece of horse shit ever to be signed by a US President. While I’m not surprised that Obama signed the bill, there is something that is confusing me about the entire hubbub surrounding this “historical landmark”.  People who support the financial reform bill are dubbing it “Obama’s Bill of Change”. According to the bill’s proponents, finally, Obama has signed into law a bill to bring about hope and change for our ailing economy. Obama’s new bill has altered the system so that taxpayer money can no longer be used to bail out large financial companies. Thanks Obama!.. But wait, wasn’t it Obama who was signing the checks that were using taxpayer money to bail out large financial companies? This is where the confusion sets in. You see, we’re being had, and proponents of the new law are just ignorant enough to think that finally Obama is ending a practice that was started by evil conservatives. They hold closely to that belief, and are unwilling to conceive that the first large company bail out check was signed by non-other than Barrack Obama: as were the second and third.

I’m all for the government having the authority to split up monopolies or oligopolies, but they’ve already had the authority to do that for quite some time, as demonstrated by President Theodore Roosevelt when he acted to split up large railroad companies that had grown so big that they posed a threat to the American economy. The financial bill is not about giving the Federal Government the authority that they already possessed, which was the authority to recognize monopolies and divide them; instead, the financial bill is about giving the Federal Government more authority to regulate financial companies even to the extent of directly supervising them and writing laws applicable to them without congressional permission. When any government maintains direct supervision of the education system, the health care system, and the financial system, what do you get? Yep, you said it.

Ask a liberal what he thinks of the financial reform bill and he’ll say that he is pleased that finally Obama is putting a stop to big business bail outs and out of control government spending; however, if you had asked that same person how he felt about Obama’s big business bailout plan when Obama was signing the checks, he would have said that Obama was just doing what he had to do. After all, these companies are just too big to fail. Are liberals really that stupid? Well, I know quite a few of them and, trust me, they couldn’t find their own backsides with both hands and a set of instructions.

Really, who am I to comment on the financial reform bill? After all, I only read just over five hundred pages of it before I gave in to boredom and abandoned the endeavor. Yet, who is congress to vote on such a bill, and who is our president to sign such a bill when you and I both know that they didn’t read half that much of it. Due to the length of the bill, who can blame anyone for not wanting read it? If reading a twenty-five hundred page bill sounds like fun to you, I have a suggestion. Go out and buy a copy of “War and Peace”, rip out all of the pages and burn them. Then stare at the ashes for fifteen hours. I’m quite sure that this would be more fun than trying to sort through all of the legal gibberish within the financial reform bill.

Now we arrive at the question, what should our response be to our government no longer taking into consideration “We the People’s” preferences and aspirations for the direction of our country? VOTE! And bear in mind that voting only in accordance with your political party is often times a very clear indicator that you lack the intelligence to conduct your own research regarding the matter. To utter the words or acknowledge the thought, “I always vote Republican”, or, “I always vote Democrat”, is like saying, “I simply prefer to remain uninformed and generally ignorant of things which matter most in my life”. I recently spoke to someone who was on her way to vote Blanch Lincoln into another term in the senate seat here in Arkansas. Blanch Lincoln voted for the health care reform bill and the financial reform bill even though she received over twenty thousand calls and letters from voters asking her not to. This person told me that she had to vote for Blanch, probably because she has unfortunately grown too dependent on a government subsidized program that Blanch Lincoln supports; a story that is all too common.

Reason. How swiftly it does fly!

Nathan Gray

One thought on “The Financial Reform Bill

  1. Nathan, there’s a lot in this. Quite the commentary. Obviously I don’t know all about US politics and financials, but interesting still. I can’t believe you read 500 pages!!!!!

    Been wondering how you are. I see you haven’t posted – I had to check my settings to see why I wasn’t getting any, but you must be live live LIVEing 🙂 And that’s good. Cheers Nathan – & hope your family is all well 🙂


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