I am delighted that my once-a-month commentary elicited a response from a letter-writer in last week’s Wave.
I wrote that Rockaway’s reps speak in bombastic platitudes; that the 2,000 page financial reform legislation was toothless and self-defeating and that the 2,000 page health care reform bill is deadly and dangerous. The letter-writer disagreed. As a matter of record, by the way, the Constitution of the United States and her 27 Amendments are 37 pages long; The Emancipation Proclamation is on one page and the 1964 Civil Rights Act is 28 pages long.
It’s preposterous to say this new financial reform legislation fixes ‘too big to fail’ when the banks today are bigger than they were two years ago, and in fact are bigger today than ever. To not address the mortgage industry’s root problem – government’s destabilizing underwriting standards – shortchanges our ability to claw out of this recession and exposes congressional immaturity. And, to impose another ‘financial authority’ on you and me to, you know, protect us ... yeah sure, just what we need, another set of regulators from Harvard, Yale and Columbia to tell us to borrow within our needs. I give this reform a C, and reserve judgment, please, until the entire bill has been read and fully understood.
Health reform, as written by this Congress, poisons American health care. “The industry has been, since WWII, one of our trillion dollar economy’s greatest achievements and leading exporter to the world. We not only have extended life here in America, we have lifted life outcomes across the entire world. Instead of fixing the issue at hand before Congress to bring the spectacular medical advances of the last fifty years within reach of all Americans, the left wing leaders of our congress that include Rockaway’s Anthony Weiner and Gregory Meeks choose instead to upend the industry. The Congress chose to legislate new top-down government control across all segments of health ... the delivers, the medical labs, the educators. This is – as I said before – dangerous and deadly. Think legislation that puts, say, the Post Office in charge of the Internet. I give this legislation an F, but reserve judgment, please, because it could get worse!
Limited self government was unopular 200 years ago, and its execution fostered the greatest nation on earth. Back then, Britain’s George III was a blind-eyed believer in big government, France’s Louis XIV, XV and XVI were all believers in big government, the Grand Viceroy of Delhi was a believer in big government, as was Belgium’s Regent in Kinshasa. A few stood against the tide, and changed the world.
I stand behind them, and of course behind Lincoln, too ... proudly! ...
P.S. Hey, don’t forget to check out my September column, too!
PETER J. STUBBEN