Thursday, April 22, 2010

Conservative Radio Silence On Financial Regulation

You can see why the issue would pose problems for the right. First, it threatens the self-image they've developed over the last year as opponents of the government-business nexus. Second, it's difficult to work out a free market response. If you let Wall Street invest however it likes, it will eventually precipitate a financial crisis, with massive government intervention being the only option to save the economy. Or else you can break up the big banks, or limit their ability to take on systemic risk. Either way, government has to get involved at some step in the process. It almost seems like conservatives can't choose which form of government intervention to accept, so many of them just aren't choosing.

You can follow Frank Luntz talking points for so long. The conservatives do not have a coherent message or analysis, so they they say nothing. They retreat. It's a non-issue for them.

When leadership is needed and tough issues need to be looked at and digested, the Democrats have to do it alone, then get the non-bipartisan BS criticisms. The "Party Of No" has shut themselves out of any meaningful role.

Next up, the Immigration Bill. See how McConnell and Co get clobbered with their lame Luntz talking points, then keep their heads down for this one, too.

Posted via web from liberalsarecool.com

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