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Financial regulations are long overdue

By Tom Toles

Play by play

I think it's safe to say that there is some significant anti-Washington sentiment out there in the land -- and even some right here inside the beltway typing this blog post! We all agree that something needs to change, but we seem to want it to change in opposite directions. Politics in the United States since Reagan or Carter or Nixon or somebody has come to resemble the Gossage-Varbedian Papers, a Woody Allen short story about a chess game by mail that goes awry, resulting in ever more diverging views of the state of play. Things have come to the point where a sizable number of Americans seem to believe that President Obama is somehow not legitimately president.

And speaking of the state of play, one last thought on this week's never-to-be-repeated exercise of me writing about sports. It has always struck me as odd the way people, and I mean practically ALL people -- besides me, that is -- regard the final score of a game to have "proven" something or other. I think the score reflects who was ahead when the game ended. There are so many variables that, while better performance is a big advantage, sometimes it wins and other times it doesn't. But that's just me. Americans, young and old, left and right, thin and stout, agree that the contest is run, the result proves who deserved to win, and that's that. Except when it's Obama. --Tom Toles


By Tom Toles  | May 20, 2010; 12:00 AM ET
Categories:  Economy and jobs  
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So Ron Paul won in Texas, Ru Paul won in Kentucky.

Big Deal.

About time a Transvestite won an election, even if it was just a primary. Good for the people of KY.

Hey, Kentucky is KY - as in the Jelly? KY Jelly? Get it? Ru Paul, KY Jelly?

So, that's pretty crazy right there.


Sure is. Allrightythen.

Posted by: Thinker_ | May 21, 2010 4:58 AM | Report abuse

It just makes me feel all warm and fuzzy inside to think that a multi-millionaire Australian (Rupert Murdoch) knows what's best for America and can mobilize entire armies of protesters to help him in his ever-so-patriotic cause.
Chaos makes news, and Rupert sells news.
If there's no news to sell, well, you create some and sell that!

Posted by: jonroesler | May 20, 2010 3:21 PM | Report abuse


Obama, Pelosi, Reid, and the Democrats ARE the government. Voter dissatisfaction translates into dissatisfaction with them. They did not compromise, they rammed this health care bill through without amendments along party lines in the face of over 60% of Americans opposing it. We live in a republic, and unlike a dictatorship, we can fix this kind of problem through elections.

The big question is will those who replace them learn from their mistakes, or will they like the Republican Revolution, fall sway to corruption, lobby, and the sirens song of big government? We shall see.

Clearly Obama, Pelosi, Reid, and the Democrats never really learned from history, in particular the economic failure of FDR. Europe emerged from the great depressions years before we did, and the depression was less severe abroad. Everything FDR tried failed. Price fixing was deemed onconsitutional. New deal programs did nothing to improve the employment situation, and only lowered the bar to the standard of the federal government mismanaging what before then had been the state perogative of charity. FDR handed out New Deal dollars to states that supported him, and cut off other states in a strong arm tactic that resulted in the Hatch Act. There are hard lessons learned from FDR, but apparently Obama, Pelosi, Reid, and the Democrats were sleeping through that section of their politics class.

I have become cynical to the point where I view divided government as a necessary check on the abuse of government, and I will probably continue to vote to keep the presidency and congress out of the same parties hands. The only slight hope on the horizon is this new chic of fiscal conservatism bubbling up from the Tea Party. Perhaps they can actually achieve reform in entitlements that would establish long term fiscal solvency for the USA.

The dark road on the horizon is continuing to exchange handouts to those who dont pay taxes in exchange for votes. Compound this with amnesty of vast numbers of new voters, and we may tip the scales to unproductive socialism and follow in the footsteps of Greece.

Posted by: Wiggan | May 20, 2010 2:44 PM | Report abuse

We have had your take on funny, George Carlin not. We have had your ideas about organized sports. What do you think about a President who thought he could turn us to the Nanny State and not have resistance? Do you Mr. Toles believe that President Obama is concerned about the mood of America? Or that he thinks that his agenda needs some reassessment? Is President Obama listening to anyone other than the yes people around him?

Posted by: bobbo2 | May 20, 2010 12:27 PM | Report abuse

Tom, you almost had me...For once I saw a glimmer of wisdom from your sports analysis that the score just tells you who was ahead at the end of the game. Then, out of left field (pun intended) you had to throw in (pun intended) that Obama is being maligned through no fault of his own.

Posted by: quiensabe | May 20, 2010 12:05 PM | Report abuse

Both parties receive substantial contributions from the financial industry. Though the numbers are similar, this represents a bigger percentage of the Democrat's smaller overall campaign budget. So I think they deserve great credit for risking this by championing financial regulation reform and enforcement that will help all Americans: tea partiers too.

Posted by: donpaluh1 | May 19, 2010 10:58 PM | Report abuse

NOT PICTURED is the biggest bird with stretched claws and a caption reading "of course you will still all owe me lots of campaign contributions buck buck."

Posted by: taxcutsin12 | May 19, 2010 9:53 PM | Report abuse

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