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WHAT? Dodd: It Will Take Another Economic Crisis To Determine If Financial Reform Worked
RealClearPolitics ^ | July 15, 2010 | RealClearPolitics

Posted on 07/15/2010 12:10:12 PM PDT by i88schwartz

"It is not a perfect bill, I will be the first to admit that. We don't know ultimately how well the ideas we've incorporated here will achieve the results we desire. It will take the next economic crisis, as certainly it will come, to determine whether or not the provisions of this bill will actually provide this generation or the next generation of regulators with the tools necessary to minimize the effects of that crisis when it happens," Sen. Chris Dodd said Thursday.

(Excerpt) Read more at realclearpolitics.com ...


TOPICS: News/Current Events; Politics/Elections
KEYWORDS: chrisdodd; financialreform
Kinda like Nancy Pelosi telling us we have to pass health care to find out what is in it.
1 posted on 07/15/2010 12:10:17 PM PDT by i88schwartz
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To: i88schwartz
"Dodd: It Will Take Another Economic Crisis To Determine If Financial Reform Worked"....and we're just the guys to to do it!
2 posted on 07/15/2010 12:13:42 PM PDT by wbill
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To: i88schwartz

And just like the “Stimulus” we need it right away! No time to lose!

So let’s get that second economic meltdown going so we can see the results of this thing. Time’s a-wastin’


3 posted on 07/15/2010 12:13:56 PM PDT by A_Former_Democrat
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To: i88schwartz

Dodd musta got his talking notes from Pelosi, it sounds like her


4 posted on 07/15/2010 12:14:00 PM PDT by Doogle (IT'S THAT TIME AGAIN....PLEASE donate, because it's the RIGHT thing to do)
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To: i88schwartz

...wonder how many bureaucrats it employs?


5 posted on 07/15/2010 12:14:05 PM PDT by oldmomster
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To: i88schwartz
Kinda like Nancy Pelosi telling us we have to pass health care to find out what is in it.

Yep!

6 posted on 07/15/2010 12:14:26 PM PDT by DustyMoment
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To: i88schwartz

How does someone that stupid live so long?


7 posted on 07/15/2010 12:18:29 PM PDT by hometoroost (McCain is a Ron and Nancy Republican: Campaigns like Reagan, governs like Pelosi)
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To: i88schwartz
"... to determine whether or not the provisions of this bill will actually provide this generation or the next generation of regulators with the tools necessary to minimize the effects of that crisis when it happens,"

He is worried about tools for Regulators!

We are worried about this generation and the next generation of citizens to survive this Rats mess!

8 posted on 07/15/2010 12:19:48 PM PDT by Red_Devil 232 (VietVet - USMC All Ready On The Right? All Ready On The Left? All Ready On The Firing Line!)
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To: i88schwartz
More like:

"If it caused another Financial Crisis, we'll know it was another 'Rat Triumph".

9 posted on 07/15/2010 12:21:01 PM PDT by Paladin2
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To: y'all
What a baffoon...

Image and video hosting by TinyPic

10 posted on 07/15/2010 12:21:37 PM PDT by Cyber Ninja (Rebuke, Renounce, Repeal, Repeat,...)
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To: i88schwartz
Dodd: It Will Take Another Economic Crisis To Determine If Financial Reform Worked

At the rate the Dems are going, we won't have to wait long to find out.

11 posted on 07/15/2010 12:25:09 PM PDT by dirtboy
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To: i88schwartz

A government caused crisis needs a government solution so that another government caused crisis can occur that will need a government solution....


12 posted on 07/15/2010 12:25:10 PM PDT by PogySailor (BHO - Dividing the country into tribes since 2008.)
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To: i88schwartz

Reminiscent of Butch Reno on Waco: “We had to kill the children to save them.”


13 posted on 07/15/2010 12:26:01 PM PDT by E. Pluribus Unum ("The only stable state is the one in which all men are equal before the law." -- Aristotle)
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To: i88schwartz
This is taken from the "jobs saved" playbook. It is really nothing but a power and money grab at the federal level. When the "reform" actually causes another crisis, the reply will be "lucky for you we instituted reform, or we'd be even worse off".

I've always considered myself cool-headed with respect to politics, but I'm really getting tired of this.

14 posted on 07/15/2010 12:47:42 PM PDT by Mr. Bird
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To: i88schwartz

These idiots just keep saying crazier and crazier sh*& so that when they say soemthing a little less crazy, it doesn’t sound crazy at all. Dumbing us down on the crazy meter.


15 posted on 07/15/2010 1:10:10 PM PDT by albie
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To: wbill

I think Chris dodd needs to be fed to the fish because we won’t know what he looks like until he comes out.


16 posted on 07/15/2010 2:17:29 PM PDT by mapmaker77
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To: i88schwartz

Let’s put Dodd’s words in plain English:

“We didn’t know what we were doing, but we did it anyway.”

Notice, that this bill, from the time the first drafts of any part of it were ever produced, to now, has all preceded any findings and conclusions of the special Congressional committees that were established to determine the origins of the “financial crisis”. No reports have been completed and yet they still expect to do so.

That makes this bill one of the largest “cart before the horse” pieces of legislation the U.S. Congress ever produced.

From that fact alone, one can conclude, that the bulk of this piece of crap has nothing to do with fixing anything directly related to that crisis; and further, that the mass of its new Federal powers and regulations were never intended to solve anything about that crisis.

The bill, taken as a whole, is merely a “never let a crisis go to waste” act of simply expanding federal power and authority for its own sake, as if that expansion, no matter what it actually does, is the definition of “reform”.


17 posted on 07/15/2010 2:41:59 PM PDT by Wuli
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To: i88schwartz

Dodd:

This Bill is meant to destroy the private sector and it’s working very well.

My wait and see line is just a stall tactic, a smoke screen meant to keep stupid people unawares.


18 posted on 07/16/2010 6:00:05 AM PDT by Eddie01 (All we every really knew was it was crazy to be doin' it any other way)
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