Tuesday, March 2, 2010

The Generous Mr. Chan

Mr. Chan starts making the usual excuses for Tweedledum and Tweedledee in the opening sentence of his article on Dodd's New Proposal.

In an effort to secure Republican support for an overhaul of financial regulations...

We really don't want regulation, we want bipartisanship! That's what counts. Everybody (with money or power) wins: no sixty votes, no filibuster, no bipartisanship, and no regulation!

But these confidence men like Dodd and Richard Shelby can play political theater right through campaign season and up to the elections!

*** "An effort to secure bipartisan support" ***

What a noble aspiration! Let's go on some talk shows, Rich, and trumpet responsible, hand-in-hand, bipartisan governance right here in the good ol' USA. And if nothing at all gets done, then we can keep playing this game ad nauseum.

We can make wonderful speeches on the stump! We can square off with "the other side of the aisle" on Meet the Press, we can wheedle and harrumph in statements to the press. And as long as the show goes on we can collect those fat campaign contributions from our corporate sponsors, luxuriate in the limelight of celebrity, and wallow in the perks from our captive lobbyists.

Long live bipartisanship!
"Sen. Dick Durbin once said the banks 'owned' the Senate," says [Rob] Johnson, [a prominent UN economist]. "The next few weeks will determine whether or not that statement is true."

Thanks for giving us the true skinny, Sewell Chan, complements of the NY Times.

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