Boehner Says Financial Crisis no Big Deal, Just Like an ‘Ant’
June 29, 2010
(ChattahBox)–Rep. John Boehner’s (R-OH) editorial board interview with the Tribune-Review is receiving lots of negative attention today, for among other statements, comparing one of the greatest economic disasters in our country since the Great depression, to a tiny, minuscule, insignificant ant. That’s right; eight million people without jobs, millions more having lost their homes and the American dream lost to an entire generation, is completely insignificant to Boehner. While trashing the Wall Street reform bill as unnecessary, Boehner, said “This is killing an ant with a nuclear weapon.”
“Boehner criticized the financial regulatory overhaul compromise reached last week between House and Senate negotiators as an overreaction to the financial crisis that triggered the recession. The bill would tighten restrictions on lending, create a consumer protection agency with broad oversight power and give the government an orderly way to dissolve the largest financial institutions if they run out of money.”
‘”This is killing an ant with a nuclear weapon,” Boehner said. What’s most needed is more transparency and better enforcement by regulators, he said.”
Speaker of the House Nancy Pelosi (D-CA) responded to Boehner’s tin-eared remarks:
“An ant, Mr. Boehner? It was the worst financial crisis since the Great Depression — Americans lost 8 million jobs and $17 trillion in retirement savings and net worth. The irresponsible fiscal policies of George W. Bush and Congressional Republicans were much bigger than an ant to American workers, their families and small businesses.”
Boehner’s spokesperson attempted to walk the lawmaker’s remarks back, without much success. “It’s clear Boehner is not minimizing the crisis America faced — he is pointing out that Washington Democrats have produced a bill that will actually kill more jobs and make the situation worse,” he said.
The near collapse of our economy due to government deregulation and the greed of Wall Street, which triggered a Great Recession and double-digit unemployment is nothing like an ant.
Other gems from the interview, include talk of a “political rebellion,” Boehner saying that Obama “overreacted to the BP oil spill,” accusations against the Democrats of “snuffing out” Boehner’s America for the privileged and proposing increasing the age for Social Security to 70 and eliminating payments for those that don’t need it, to pay for the Afghanistan war.
In the unlikely event Republicans win enough seats in November to take back the House, Boehner is in line to become Speaker of the House. And that’s a scary prospect.
Photo Source: Wikimedia Commons/Keith Allison/John Boehner at the AT&T National golf tournament, July 2009.