Boehner: Repeal Wall Street Reform
House Minority Leader John Boehner (R-Ohio) said Thursday that Wall Street reform ought to be repealed and that it penalizes Main Street bankers for the crimes of a few on Wall Street.
"I think it ought to be repealed," Boehner told reporters at a press conference Thursday morning. "I think the financial reform bill is ill-conceived. I think it's going to make credit harder for the American people to get -- clearly harder for businesses to get. And the fact that it's going to punish every banker in America for the sins of a few on Wall Street, I think is unwise. On top of that, I think that it institutionalizes "Too Big To Fail" and gives far too much authority to federal bureaucrats to bail out any company in American they decide ought be bailed out."
Boehner ran through some common Republican talking points, slamming the administration and the financial reform package, and ending with a tribute to the virtues of transparency. "There are common sense things that we should do to plug the hole in the regulatory system..." said Boehner, "to bring more transparency to financial transactions. Because transparency is like sunlight and sunlight is the best disinfectant."
As HuffPost reported yesterday, the Democrats see political advantages to pressing Republican lawmakers on whether they want to repeal Wall Street reform.
Eddie Vale, a spokesperson for the AFL-CIO, responded to Boehner's call for repeal. "First Boehner wants to take away working families health care benefits. Now he also wants to return Wall Street and the big banks back to the power they had when they destroyed our economy. It could be no clearer for working families in 2010 that there is a clear choice between continuing to move forward to make the economy work for everyone again or go backwards to the Bush years where corporations and Wall Street ran wild."
Americans Really Don’t Miss President Bush
In recent months, not only have conservatives continued to ramp up their anti-Obama rhetoric, but they have also begun invoking nostalgia for the good ol’ days of President Bush. In April, College Republicans at Western Kentucky University created a “W” Day to show support for Bush, and there have been billboards with the question “Miss Me Yet?” and a picture of Bush popping up around the country.
Last month, Sen. James Inhofe (R-OK) hit Obama for his handling of the BP oil disaster, saying, “Remember the criticism George Bush got during Katrina? They said it was a lack of leadership. Let me tell you, that leadership looks pretty good right now.” More recently, Jeff Shapiro — a man devoted to “correct the historical record about President Bush” — wrote an op-ed claiming that “a lot has changed since” last year, when he was being labeled a “failure.”
In reality, not much has changed; the American public still doesn’t really miss Bush. From a new Time poll:
– 71 percent blame the Bush for the “balky economy,” while 27 percent blame Obama.
– 53 percent favor Obama over Bush (33 percent).
– 55 percent favor Obama over Sarah Palin (34 percent) in a hypothetical 2012 presidential campaign.
The Siena Research Institute also just released a poll of presidential scholars, who rated Bush in the “bottom five” of U.S. presidents throughout history. They rated him 39th. Other presidents in the bottom five were Andrew Johnson, James Buchanan, Warren G. Harding, and Franklin Pierce. Obama was ranked 15th.