GOP Repeal-a-Mania: Bachmann Targets ‘Unconstitutionality’ of Wall Street Reform
January 5, 2011
(ChattahBox Political News)—The repeal-a-mania House Republicans are gearing up to spend the next two-years trying to unravel President Obama’s key legislative achievements, while they cut social safety net programs and slash and burn spending on education and our already crumbling infrastructure. Their first target is health reform. A two-page bill, called “The Job-Killing Health Care Law Act,” is of course, a sham. The repeal vote scheduled for Jan. 12 is nothing but a political stunt to appeal to the tea party base. It has no chance of passing in the Democratically controlled Senate. And even if by some miracle it did, President Obama would quickly dispense with the ridiculous Job-Killing Health Care Law Act with his veto pen. So, after that bit of Kabuki theater, what’s next on the GOP cheap political stunt parade? Oh, Rep. Michele Bachmann (R-MN) the unhinged right-wing teapartier plans to repeal Wall Street Reform, enacted to prevent another Great Depression and economic meltdown that we experienced in 2008 and are still recovering from. The deranged lawmaker, who once called for an investigation of the so-called anti-American beliefs of Democratic lawmakers, says the law overhauling Wall Street is unconstitutional, a job killer and it to must go. It’s going to be a long two-years.
Republicans love their Luntz talking points, and the latest narrative is to attack anything they don’t like as a “job-killer.” How is the Dodd-Frank Wall Street reform law a job-killer? It isn’t, but that’s the new GOP catch phrase, so Bachmann is going with it.
There is nothing more perilous to jobs than a Great Depression brought on by a greedy de-regulated financial industry, but the voices in Bachmann’s head are telling her that Wall Street regulations are job-killers.
And how is financial regulation unconstitutional? It isn’t but it sounds good, right?
The Star Tribune’s Hot Dish Politics writes:
“Bachmann plans to introduce a bill to repeal the Wall Street reform law that passed in the last Congress, according to a letter she sent to House colleagues obtained by Hot Dish.”
“Bachmann sent the letter to Tuesday seeking co-sponsors for legislation repealing the Dodd-Frank Wall Street reform law. The Minnesota Republican said her repeal bill had been endorsed by the Club for Growth, an anti-tax advocacy group.”
“It is time to repeal this job killer,” Bachmann wrote. “This is a frightening abuse of power and will do nothing but stymie our recovery.”
Bachmann added, “The unconstitutionality of Dodd-Frank should be obvious to all.”
Only to the truly deranged Rep. Bachmann.
Of course, just like the vote to repeal health reform, Bachmann’s bill to repeal Wall Street reform has no chance of making it past the Senate or the the President’s desk. But the stunt will sure generate a lot of theater.
Political theater, stunts, smoke and mirrors— that’s what it looks like the American people can expect from House Republicans for the next two-years.
Photo Source: Wikimedia/flickr/fibonacciblue/Creative Commons Attribution.