Sunday, July 28, 2013

Update On Democrats' "Dodd-Frank" Wall Street Reform, The Only Action By Democrats They Promised Would Fix Wall Street Excesses. Bottom line: It's Not Working; In Fact Making Things Worse

What little of Dodd-Frank has been implemented is making things worse. The larger percentage that hasn't been implemented ... after three long years(!) ... is so problematic in principle that implementers cannot figure out how to create regulations that don't hurt far more than they help.

Here's The Heritage Foundation's report behind that bottom-line statement that it's turning out to be the mess that was predicted by fiscal conservatives since well before it was passed. What that means is the Wall Street problems everyone was screaming about after the last financial collapse have had very little done about them, regardless how loudly liberals proclaimed this legislation was THE needed fix. What little of that legislation that has been implemented has dramatically increased costs of financial services everyone uses. What do you think of government bureaucracy now?

To liberals, we fiscal/constitutional conservatives keep saying, can you hear us now? The fake 'financial fix' called Dodd-Frank. Detroit collapse. Detroit, Chicago and DC crime. ObamaCare. No net jobs created in the past five years (the math: the number of people who've given up approximately equals the number of people finding jobs*). In fact, the unemployment rate is around 12% if you factor back in those who wanted to work but have given up. At what point will liberals be willing to consider we're not so crazy after all and start working cooperatively with us to create real fixes to these problems? Hopefully before this house of cards they're building collapses entirely.

* Regarding the 'real' unemployment rate, even liberal media is beginning to get it such as The Huffington Post and many others as they've had no choice in the past year or so but to report more honestly about this. Perform an internet search on people no longer looking for work if you want to see just how bad this problem is.

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