The Weekly Standard’s Matt Continetti takes some time off from his full-time job of propping up Palin to demonstrate he’s no one-hit wonder and that he has the capacity to be willfully ignorant about any number of things:
The great mystery to me is why Republicans are passing up the chance to argue that this bill doesn’t go far enough. Why not embrace the Brown-Kaufman amendment to break up the banks, in order to show that the GOP stands against all massive agglomerations of power, whether in Washington or on Wall Street? The Republicans could raise Cain about the ratings agencies, who gave good scores to bad mortgages but whose oligopoly is not addressed in the Dodd bill. And they might ask why the Democrats want to end Too Big to Fail for the banks, but not for Fannie, Freddie, and GM.
It’s a mystery wrapped in a riddle inside an enigma:
As a financial reform bill starts to take shape in Washington, two key lawmakers came to New York City last week to explain what it means for Wall Street, and how financial executives might help prevent some of its least market-friendly aspects from becoming law by electing more Republicans, FOX Business Network has learned.
About 25 Wall Street executives, many of them hedge fund managers, sat down for a private meeting Thursday afternoon with two of the most powerful Republican lawmakers in Congress: Senate minority leader Mitch McConnell of Kentucky, and John Cornyn, the senior senator from Texas who runs the National Republican Senatorial Committee, one of the primary fundraising arms of the Republican Party.
I just can’t figure it out myself, either. Why aren’t the Republicans “one-upping” the Democrats?