The purpose of government is to act as an ombudsman for the citizenry, a bulwark against the incessant predation by the private sector on the public. One almost imagines this latest example of our law makers in action as a textbook case of how a key government body (mal) functions inside a failed state as former Assistant Secretary of The Treasury, Paul Craig Roberts, asserts we are.
Wednesday, October 28, 2009
Government Fails Again!
The Volatility Blog is turning out to be a real find. Once again, it has exposed another fetid instance of government abdication of responsibility masquerading as worthy and effective legislative initiative. The action of The House Financial Services Committee, under the errant and feckless stewardship of Barney Frank, is precisely the sort of horrid performance that argues in favor of effecting a complete turnover of the Federal Legislature, arguably the most toxic public body operating in the United States today.