Both Parties

http://www.futureofcapitalism.com/2010/07/both-parties

Anyone who says it's just the Democrats and not the Republicans who are the problem in Washington should have a look at this Dodd-Frank financial "reform" legislation, which, as Bloomberg News reports, appears headed for passage on the basis of votes from three Republican senators — Scott Brown of Massachusetts and Olympia Snowe and Susan Collins of Maine.

Over on the House side, we've had some comments about the man in line to be speaker if Republicans take over, John Boehner.

A Republican majority in Congress after the 2010 election is not the same thing as a free-market majority.

There's got to be a considerable amount of "buyer's remorse" out there now from people who gave money to Scott Brown's campaign but are disappointed that he'll be backing Dodd-Frank. It'll be interesting to see how much of it surfaces publicly.

by Ira Stoll  |  Jul 13, 2010 at 9:10 am Related Topics:  Capital Markets Regulation, Politics receive the latest by email: subscribe to the free futureofcapitalism.com mailing list