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.


Comments

3 Responses to “GOP Repeal-a-Mania: Bachmann Targets ‘Unconstitutionality’ of Wall Street Reform”

  1. Old Man Dotes on January 5th, 2011 7:33 pm

    Well, sure, don’t you remember the 92nd Amendment says “Congress shall make no law restricting the ability of crooked financial institutions to bilk middle-class Americans and ruin them financially?” Bachmann wrote that one herself.

  2. majii on January 5th, 2011 9:23 pm

    As I so clearly and correctly recall, she and her colleagues in Congress have screamed “No more bailouts!” for the past 2 years. As I understand it, the Dodd-Frank law prevents another government bailout. I guess she and her friends in the GOP want to have it both ways. They want to rail against government bailouts of the financial industry while trying to dismantle legislation that is meant to prevent future government bailouts of Big Business.

    It’s no mystery why Bachmann is so confused on the issues. I read on the Minnesota Independent site last year that Bachmann missed more House sessions than any other member. I also recall that she spent so much time attending rw events that I wondered how it was possible for her to know about any legislation that was being discussed in the H. of. Rs.

    DeMint also missed a lot of time in the Senate last year. When he was trashing the START Treaty in December, he never mentioned that he was on the Senate committee that voted to send the treaty to the floor. He also never mentioned that he missed the majority of the committee meetings because he was out fundraising instead of doing his job.

  3. Sue on January 5th, 2011 10:13 pm

    OMD:

    Hahah, I guessed I missed that one. But it sounds like the GOP policy, for sure.

    Sue

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