On 21 May 2010, Noam Scheiber wrote in the New Republic, Preventative Measures.
While the bill may not have “finally fixed the ‘too big to fail’ problem,” it is certainly better than the status quo. Read Scheiber’s article to see what he thinks is missing.
-RichardH
Rand Paul: Obama’s criticism of BP ‘un-American’.
“What I don’t like from the president’s administration is this sort of, ‘I’ll put my boot heel on the throat of BP,'” Paul said in an interview with ABC’s “Good Morning America.” “I think that sounds really un-American in his criticism of business.”
The Obama administration has used the “boot heel” phrase to describe its commitment to holding BP accountable for the spill and its cleanup.
-RichardH
Senate – approves – financial overhaul.
Four Republicans — Sens. Charles Grassley of Iowa, Scott Brown of Massachusetts, and Olympia Snowe and Susan Collins of Maine — broke ranks with their party to support it.
Furthermore, Senators Brown, Snowe, and Collins voted for cloture (cutoff of the filibuster).
They deserve our praise and thanks for voting independently from their party and acting in the best interests of our economy.
If you feel so inclined, send them all a “thank you” note. I have.
Note: Regarding the bill itself, it may not be perfect but it is a step in the right direction.
UPDATE: Former allies tee off on Brown.
-RichardH