{"id":10667,"date":"2010-05-05T07:27:20","date_gmt":"2010-05-05T12:27:20","guid":{"rendered":"http:\/\/www.shotinthedark.info\/wp\/?p=10667"},"modified":"2010-05-05T07:39:13","modified_gmt":"2010-05-05T12:39:13","slug":"what-once-were-jokes-are-now-bills","status":"publish","type":"post","link":"http:\/\/www.shotinthedark.info\/wp\/?p=10667","title":{"rendered":"What Once Were Jokes Are Now Bills"},"content":{"rendered":"<p>It&#8217;s an old joke among conservatives; when faced with an epidemic, a liberal will just pass a law banning illness, with draconian punishments for getting sick.<\/p>\n<p>It just goes to show you &#8211; with liberals, today&#8217;s jokes are <a href=\"http:\/\/talkradionews.com\/2010\/05\/sen-dorgan-proposes-amendment-to-stop-financial-institutions-from-growing-too-big-to-fail\/\">tomorrow&#8217;s bills:<\/a><\/p>\n<blockquote><p>\u201cThis amendment that I offer would be mandatory rather than permissive,\u201d said [North Dakota&#8217;s soon-to-be ex-senator Byron] Dorgan. \u201cIf you have risen to be judged to have been \u2018too big to fail,\u2019 which would cause a grave financial risk to our entire economy \u2026 the best most direct and most effective approach will be to have those institutions divest those activities and those portions of their business that have made them \u2018too big to fail.\u2019\u201d<\/p><\/blockquote>\n<p>I wondered if it might not be a fiendish spoof for a moment &#8211; one of those hoaxes that sweeps the internet.<\/p>\n<blockquote><p>According to Dorgan, his amendment will stop the future risk of taxpayer bailouts on Wall Street. The amendment will appoint the Financial Oversight Council to identify companies that pose a high risk to the financial stability of the U.S. and restrict their business activities until they are no longer a concern.<\/p>\n<p>\u201cIt is another approach that is far superior, much more direct, more decisive and one that will produce better results,\u201d said Dorgan. \u201cIt is the only one I think that effectively will end \u2018too big to fail.\u2019\u201d<\/p><\/blockquote>\n<p>It&#8217;s galling to have to keep repeating to liberals; <em>under a free market, no company ever gets &#8220;too big to fail&#8221;<\/em>. Only the government declares companies &#8220;too big to fail&#8221;; under the free market, they just <em>fail<\/em>.\u00a0 And that failure is a <em>good <\/em>thing.\u00a0 It rids the economy of failed businesses, and makes room for new ones.<\/p>\n<p>What we need is legislation to prevent Congresspeople from being too ignorant to serve.<\/p>\n<p>(Rob Port at Say Anything <a href=\"http:\/\/sayanythingblog.com\/entry\/byron-dorgan-introduces-legislation-to-keep-companies-from-becoming-too-big-to-fail\/\">also has the story<\/a>)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>It&#8217;s an old joke among conservatives; when faced with an epidemic, a liberal will just pass a law banning illness, with draconian punishments for getting sick. It just goes to show you &#8211; with liberals, today&#8217;s jokes are tomorrow&#8217;s bills: \u201cThis amendment that I offer would be mandatory rather than permissive,\u201d said [North Dakota&#8217;s soon-to-be [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[69],"tags":[],"class_list":["post-10667","post","type-post","status-publish","format-standard","hentry","category-socialism"],"_links":{"self":[{"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=\/wp\/v2\/posts\/10667","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=10667"}],"version-history":[{"count":4,"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=\/wp\/v2\/posts\/10667\/revisions"}],"predecessor-version":[{"id":10669,"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=\/wp\/v2\/posts\/10667\/revisions\/10669"}],"wp:attachment":[{"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=10667"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=10667"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=10667"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}