It’s not often that I’m surprised at what comes out of politicians’ mouths. But when House Minority Leader John Boehner and his crew started whining like a bunch of petulant children about how things were going on the economic bail-out vote, I just about lost it.
Boehner and his pals hadn’t really just acted like a bunch of whiny schoolboys because their feelings were hurt, causing them to stomp their feet and take their toys home so “the girl” they didn’t like couldn’t play, did they?
Here’s what got their knickers all in a twist:
The fact that the GOP is trying to blame the failure of the economic bail-out/recovery bill to pass on Speaker of the House Nancy Pelosi is nothing short of outrageous.
If you look at the voting recap, representatives in districts with tight races tended to vote against the package, while those who were in safe districts voted for the bail-out. In trying to point the finger of blame at Pelosi’s floor speech yesterday and criticizing her for her “tone” as the reason for the failure to pass is just an attempt by the GOP to play hide the ball with voters about who was really responsible.
When was the last time you heard men criticize other men for talking about something with a “tone.” All I could think of was my parents, lecturing me in my teen years, when I had let loose with some semi-snarky retort, ‘”Don’t take that tone with ME, young lady!” But that’s another post for another day.
Let’s refocus the discussion. This isn’t about Pelosi’s floor speech. It’s not about hurt feelings. It’s about the world economy getting ready to go into full meltdown, and the GOP is to blame since they’re the ones who have pushed and pulled and scratched and clawed over the last 15 years to take apart our regulatory system one statute at a time. They succeeded and thought they had managed to convince us all that our investments and bank accounts would be safe in a world of voluntary compliance.
When the government doesn’t enforce its own regulations, or weakens them for special interests, investors become Little Red Riding Hood with the markets being the wolf trying to pretend he’s the kindly old grandma. The regulators are the Woodsman — and without the Woodsman, you can guess what would have happened to Little Red. That’s why whatever gets worked on in Congress to “bail out” the economy, there had better be ramped up oversight — regulations with some real teeth — or else we’ll be back in this mess sooner than you can say’ investor revolt.
The former SEC Enforcement attorney in me just can’t take it anymore.
Regardless of what you think about this particular package, lawmakers acting worse than the third-grade boys in PunditGirl’s class was not the appropriate response if they couldn’t agree on this plan. The fact that it’s the one they chose says only one thing — congressmen and congresswomen who can’t find a way to come together to figure this thing out without political games need to be given a permanent electoral time out.
The good news is that we, as voters, can oblige them in just a few weeks.