April 30th, 2010
Being captive to financial interests is mostly a GOP thing,
But there are also a few Blue Dogs that similarly swing.
Ben Nelson (about whom we’ve written before)
Is a primary example (read this earlier post for a few more).
By “back home,” Ben is referring to the many financial firms HQ’d in his state
Because of the favorable climate lax Nebraska laws create.
The “people” who are “very pleased we are not moving forward”
Are those very big bankers who find any regulation so untoward.
It’s a sure tip-off about that Dems are captive
When try “bipartisanship” as a reason for inaction to give.
So when Nelson starts saying he wants a bipartisan bill,
His “people” get the benefit of inaction with his taking political heat for the kill.
I’m all for kinder and gentler, as Bush I used to say,
But being gentle with banks doesn’t mean always letting them get their own way.
In the short term, such laxness may help the Wall Street bull,
But the claim that it helps the country as a whole is just so much bull.
It was lack of regulation that caused the recession, you may recall.
And “bearly” regulating isn’t much better than not regulating at all.
Here’s Rachel’s 4/27/10 report.
Here’s a clip from the old TV series from which this post takes its name, Gentle Ben (it was also recentlty remade as a two part movie). Like his ursine namesake, one would expect Senator Nelson to be less gentle with the “people” he’s supposed to be regulating.
Tags: Ben Nelson, Blue Dogs, Bruce Springsteen, Economy, Financial reform, hypocrisy, Immigration, Music, Nebraska, Rachel Maddow, Regulation, Republicans, Wall Street
Posted in Democrats, Economy | 1 Comment »