FISCAL RESPONSIBILITY, LIMITED GOVERNMENT & FREE MARKETS - NAH

FISCAL RESPONSIBILITY, LIMITED GOVERNMENT & FREE MARKETS - NAH
Vern McKinley shows in his book “Financing Failure: A Century of Bailouts”
Yet there is a deep irony in the 2400 pages of the Dodd-Frank Financial Reform legislation: No serious person believes that it will prevent the next financial crisis and, despite bravado to the contrary, no one really believes that when that financial crisis hits that massive bailouts of financial institutions will not be forthcoming.
...And the picture that McKinley presents is both depressing and realistic.  He shows government officials simultaneously consumed by panic, arrogance, and ignorance, bumbling frantically and repeatedly, producing responses that not only failed to accomplish their stated goals but actually producing counterproductive results, with George W. Bush’s Secretary of the Treasury Henry Paulson coming off as Washington’s chief Keystone Cop.

THE CHICAGO WAY: A tea-party group targeted by Democrats gets attention from the IRS—and the FBI, OSHA, and the ATF.
UPDATE: WaPo/ABC News Poll: Majority Believe Obama’s IRS Targeting of Tea Party Was Intentional and Illegal.
WHICH IS, OF COURSE, THE GOAL: Michael Barone: Obama’s IRS and AP scandals cast Big Chill on free speech.
WELL, FIRST THEY CAME FOR FILMMAKER NAKOULA, AND THE A.P. DIDN’T DO ANYTHING: Shredding the Constitution: Obama’s attack on the media.
TWEET OF THE DAY: #Fact: DOJ had more surveillance of @JamesRosenFNC than Tsarnaev brothers.
Related: Investors Business Daily: The Obama Objective: To Control The News.
And note that neither George W. Bush nor Dick Cheney ever did anything like this. That was left to The Lightbringer.
HOW THE PRESS CAN STRIKE BACK: Just start covering Obama — on everything — the way you would if he were a Republican President. #Toast.