What I Haven’t Heard the Last Few Days

There is a phrase that has been repeated during the past year almost every time the mouth of a Republican is opened. It is that we must get rid of all the job killing regulations! And then suddenly, for several days I hadn’t heard a peep about the evils of regulations. How could that be? Why would they abandon one of their articles of faith? Enter Jaime Dimon of JP Morgan and their lost two billion dollars last week, lost dollars that could well have been prevented by, wait for it….regulations. Paul Krugman does a good job of getting to the specifics and adding historical context. Sadly, I’m sure he is also correct that we will only remember this new lesson for a few days or weeks at most. Maybe we should start a poll to pick the date when the anti-regulation mantra will again be trotted out in full force. I pick Memorial Day, though I may be way too optimistic that it will take that long.


About JP

We're two guys who met in college, in 1980. We've stayed in touch, and like to talk politics, current events, music and religion. JP is nore liberal than Sid, but not in every way. We figure that dialogue stimulates ideas, moderates perspective, and is in general friendly. These are things we need badly in these dangerous times. The blog name is taken from a song by Bruce Cockburn.
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