{"id":5903,"date":"2010-06-25T15:17:20","date_gmt":"2010-06-25T19:17:20","guid":{"rendered":"http:\/\/cfif.org\/v\/freedom_line_blog\/?p=5903"},"modified":"2010-06-27T17:50:28","modified_gmt":"2010-06-27T21:50:28","slug":"the-case-against-financial-regulatory-reform-summed-up-by-one-of-its-chief-sponsors","status":"publish","type":"post","link":"https:\/\/cfif.org\/v\/freedom_line_blog\/5903\/the-case-against-financial-regulatory-reform-summed-up-by-one-of-its-chief-sponsors\/","title":{"rendered":"The Case Against Financial Regulatory Reform, Summed Up By One of Its Chief Sponsors"},"content":{"rendered":"<p>Remember when House Speaker Nancy Pelosi sought to put the American people at ease by stating \u201cwe have to pass the bill so that you can find out what is in it?\u201d\u00a0\u00a0<\/p>\n<p>She was talking about ObamaCare, just prior to its final passage.\u00a0 At the time, few people \u2013 including Pelosi and her Congressional colleagues \u2013 actually understood the consequences of passing the unpopular 2,000-plus-page bill.\u00a0 But to Pelosi and her liberal majority, it was \u201cvery, very exciting.\u201d\u00a0 Never mind that it will actually raise health care costs, force people who like their insurance to get a new plan approved by\u00a0government bureaucrats\u00a0and limit access to care.\u00a0Despite all the warnings and opposition from the American people, hindsight is 20\/20, you know.<\/p>\n<p>Well, now it appears that another member of the Congressional leadership has decided to\u00a0follow Pelosi&#8217;s lead while announcing his own excitement about the prospect of passing yet another 2,000-page &#8220;reform&#8221; bill.<\/p>\n<p>At 5:39 EST this morning \u2013 when most Americans were still asleep \u2013 key House and Senate lawmakers struck a deal on Financial Regulatory Reform, legislation that gives the federal government broad powers over the nation\u2019s financial sector.\u00a0\u00a0 As Senator Chris Dodd (D-CT) <a href=\"http:\/\/online.wsj.com\/article\/SB10001424052748703615104575328020013164184.html?mod=WSJ_hpp_LEADNewsCollection#printMode\" target=\"_blank\">aptly noted<\/a>, \u201cit deals with every single aspect of our lives.&#8221;\u00a0<\/p>\n<p>What does that mean for the average American family out there?\u00a0 Well, <a href=\"http:\/\/www.washingtonpost.com\/wp-dyn\/content\/article\/2010\/06\/25\/AR2010062500675_pf.html\" target=\"_blank\">according to Mr. Dodd<\/a>, \u201cNo one will know until this is actually in place how it works.\u201d\u00a0<\/p>\n<p>Huh?\u00a0\u00a0When the\u00a0Chairman of the Senate Banking Committee and a chief architect of this legislation admits that\u00a0he doesn&#8217;t know\u00a0\u2013 indeed, that &#8220;no one will know&#8221;\u00a0\u2013 the\u00a0 consequences of\u00a0a bill that he\u00a0largely wrote and\u00a0that\u00a0&#8220;deals with every single aspect of our lives,&#8221; shouldn&#8217;t that be reason enough to oppose it?<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Remember when House Speaker Nancy Pelosi sought to put the American people at ease by stating \u201cwe have to pass the bill so that you can find out what is in it?\u201d\u00a0\u00a0 She was talking about ObamaCare, just prior to its final passage.\u00a0 At the time, few people \u2013 including Pelosi and her Congressional colleagues [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[693,1483,12,111],"class_list":["post-5903","post","type-post","status-publish","format-standard","hentry","category-posts","tag-chris-dodd","tag-financial-regulatory-reform","tag-health-care","tag-nancy-pelosi"],"_links":{"self":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts\/5903","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/comments?post=5903"}],"version-history":[{"count":7,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts\/5903\/revisions"}],"predecessor-version":[{"id":5929,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts\/5903\/revisions\/5929"}],"wp:attachment":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/media?parent=5903"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/categories?post=5903"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/tags?post=5903"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}