Watering Down Dodd-Frank

In reaction to the news that the  US House of Representatives passed a bill that waters down the Dodd-Frank rules, I post the following quote from a former president.  


 “I am a most unhappy man. I have unwittingly ruined my country. 
A great industrial nation is controlled by its system of credit.
Our system of credit is concentrated. The growth of the nation, therefore,
and all our activities are in the hands of a few men. 
We have come to be one of the worst ruled, one of the most completely controlled and dominated governments in the civilized world. 
No longer a government by free opinion, 
no longer a government by conviction and the vote of the majority,
but a government by the opinion and duress of a small group of dominant men.”
                                                                                 President Woodrow Wilson: 1916

Think about it.  Constraints are good for creativity, right?  
I think some constraints are very good for financial institutions, especially those that have demonstrated that they cannot govern themselves.   

Time Warp Politics

I think my mother would be puzzled by anyone that would vote for any of the current GOP candidates.

My mother was a devout Catholic and staunch Republican.  She loved children and opposed abortion rights.

But in her years working as a nurse and living as a compassionate person, she saw way too many women who never were allowed to reach their potential because they were imprisoned by their biology.  Children too early, too close together, too many -- all these impacted women's lives as well as their children's and husbands (though in some cases, the husbands vanished).

Though she taught us to have morals and self esteem, she was a big fan of contraceptives, realizing that prevention was necessary at times.  Contraceptives have allowed couples to both have careers and bring families into the world when it makes sense, not haphazardly.

To the best of my knowledge, Jesus didn't say anything about contraceptives -- they didn't exist in the form we have them today.  Isn't that like saying people shouldn't have heart surgery?  That wasn't mentioned either.  How about taking Viagra?  What do these time warp politicians have to say about that?

So back to my mother.  If she was here, I don't think she'd be voting Republican this year.