For months, Congress has debated how — and in some case whether — to tighten regulation of Wall Street in the wake of the 2008 economic meltdown. Throughout the process, Republicans have been doing the banksters’ bidding, fighting hard to defend the overdogs and the uptrodden.
Early this morning, however, House and Senate negotiators finally settled their differences, producing financial reform legislation that both chambers are expected to adopt next week and send to the president for his signature.
The response from the GOP was immediate.
U.S. Rep. Joe Barton issued a heartfelt apology to Goldman Sachs, AIG and Bernie Madoff, proclaiming it a “tragedy of the first proportion.” Newt Gingrich, on Fox News, explained how this confirms the existence of a secular-socialist conspiracy. “Frankly,” he said, “‘Chavez’ and ‘Hitler’ have the exact same number of letters as ‘Barack’.”
Glenn Beck kept crying, Bill Kristol kept pressing his case that the best way to fix the economy was to invade Iran, Sharron Angle observed that this was nothing that Second Amendment remedies couldn’t fix, and John McCain insisted that his debate with JD Hayworth be canceled so he could fly to Washington to stare off into space while other people talked about things he didn’t understand.
Is this a great country, or what?