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Friday, July 16, 2010

READ MY LIPS, NO NEW REGULATIONS

That's right, House Majority Leader, John Boehner (R-Ohio) held a news conference this morning after meeting with business and trade group lobbyist's in the roll out of the GOP's "America Speaks Out" initiative. The leader of the House GOP called for a moratorium on federal regulations for one year. If the GOP wins back the House in November, John Boehner will be the Speaker of the House and third in line to the presidency. Mr. Boehner appeared in front of the Press this morning and said "I think having a moratorium on new Federal regulations is a great idea, [It] sends a wonderful signal to the private sector that they are going to have some breathing room. I think there is a way to do this with an exemption for those emergency regulations that may be needed or some particular agency or another. If the American people knew that there was going to be a moratorium for a year, that the federal government wasn't going to issue thousands of more regulations, it would give them some breathing room."

Is the leader still drunk from last night? Is it me or does the TAN MAN look hungover everyday? This idea is not too far fetched after the rumors surfaced that he is "out in the Washington nightlife by 5:00 PM every night." A charge that Mr. Boehner did not deny two week ago when asked. Micheal Steel, the leader's chief of staff (not to be confused with Micheal Steele, chairman of the RNC), confirms Mr. Boehner is out every night but he is fundraising. Mr. Steel confirmed that Mr. Boehner raises an average of $118,000 per fundraising event.

Haven't we seen what the lack of regulations can do? From Enron to British Petroleum (BP), we have seen what deregulation has done to all of us. Not to mention, it's bad politics. Nearly, 6 in 10 likely voters in the most recen NBC News/Wall Street Journal Poll say we need more regulation not less.

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