Squashed

A blog of politics, law, religion, and the tricky spots where they collide.

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rncresearch:

Obama said he would not go back to the days when Wall Street was allowed to play by its own set of rules or allow financial institutions to make risky bets with customers’ deposits… unless they happen to be your “Wall Street guy” who bundled over $500,000 for your campaign.

Hey Republican National Committee! It’s nice to know that you’re giving the whole Tumblr thing a go—though it doesn’t look like you’re getting much love. I think you may want to work on your brand. Tumblr is full of leftists and libertarians—and if you’re going to reach any of them, you’ll want to make it clear what your selling and why anybody would want to buy it.

You’re on to something with the whole, “Look! Obama’s gotten a lot of support from Wall Street and it sure looks like some of that support has compromised his ability to effectively regulate Wall Street.”

But merely raising questions about whether Obama’s stated desire to regulate Wall Street meshes with the desires of some of his financial backers isn’t enough. The leftists and libertarians do that all the time. The niche is crowded. Set yourself apart. If Obama is a poor choice for those who want to ensure Wall Street plays by the rules, explain why the Republicans are a better option. What safeguards do they support?

When it comes to regulation of financial markets, Obama’s sort of offered us a stale cookie with a bite taken out of it. It wouldn’t be hard to top—so long as you’re in the business of doing something constructive. But “Give us all the cookies!” is not constructive.

I understand that you’re upset that the Republicans aren’t in complete control of the country. But … the country has serious problems—and fiddling gleefully while Rome burns is not patriotic, even if you’re fiddling the National Anthem.

  1. adamreggis reblogged this from ericmortensen
  2. melanyouth reblogged this from squashed and added:
    (Bolding mine) Squashed nails it, as usual.
  3. think4yourself reblogged this from squashed
  4. ericmortensen reblogged this from squashed
  5. squashed reblogged this from rncresearch and added:
    Hey Republican National Committee! It’s nice...know that you’re giving
  6. rncresearch posted this