Burr on Finance Committee?

Not unlike a 9 year-old driving a tractor:

“Regrettably,” Burr said, “many of these laws and regulations have become so burdensome and complex that they are choking our nation's economy, hampering job creation, and drowning our country in debt. I look forward to working with my committee colleagues to address these critical challenges which I believe are among the most important of our time."

Clueless. And dangerous. It was out-of-control deregulation that brought about our financial meltdown in the first place. and now our very own Senator is echoing that idiot Phil Gramm:

Obviously, after setting out a dramatic change in public policy, it is fair to set out a test for determining its success. How will people judge whether we were successful in passing this bill today? My test is, What are we trying to do in the bill? Are we trying to benefit banks or insurance companies or securities companies, or are we trying to benefit consumers and workers? The test that I believe we should use--the test I will use, the test I hope people looking at this bill years in the future will use--is, Did it produce a greater diversity of products and services for American consumers? Were those products better? And did they sell at a lower price? I think if the answer to those three questions is yes, then this bill will have succeeded.

Ultimately, the final judge of the bill is history. Ultimately, as you look at the bill, you have to ask yourself, Will people in the future be trying to repeal it, as we are here today trying to repeal--and hopefully repealing--Glass-Steagall? I think the answer will be no. I think it will be no because we are doing something very different from Glass-Steagall. Glass-Steagall, in the midst of the Great Depression, thought Government was the answer. In this period of economic growth and prosperity, we believe freedom is the answer.

This is a deregulatory bill. I believe that is going to be the wave of the future. Although this bill will be changed many times, and changed dramatically as we expand freedom and opportunity, I do not believe it will be repealed. It sets the foundation for the future, and that will be the test.

And it failed that future, miserably. And just as certain as I am of that, I am certain Richard Burr wasn't even aware of that lesson, much less learned from it. Which scares the bejesus out of me.

Comments

2016

Burr is the poster boy for term limits. Or reducing the Senate term. Or both.

Careful about your tractor analogies.

I learned to drive a tractor before I started school. That does nothing at all to give credibility to Burr's advocacy of failed policies. Putting five-year-olds to work driving heavy machinery was a mistake too.

That was actually a memory reference

When I first moved to NC back in the 70's I was thirteen, and the only way I could earn any decent money (relatively speaking) was pulling tobacco. My friends and I worked several different farms, but at the biggest one the farmer's great-grandson drove the tractor that pulled the little trailers.

He might have been even younger than nine, and he did a pretty good job. But the little wanker had the bad habit of popping the clutch right when you were trying to unload an armful of leaves. One of the trailer wheels actually ran over my foot one time. ;(

I threw him in the pond later, and I figured that was that. But the next time I worked there, he popped the clutch a few more times just to let me know pond-tossing meant very little to him.