Monday, March 1, 2010

Living The Life of....Riley?

NANCY TO STAND BY HER (CHAIR)MAN

OUR TAX DOLLARS AT WORK IN THE DOMINICAN

OH NO, I MEANT RANGEL. Wikipedia clarifies: The expression, "Living the life of Riley" suggests an ideal contented life, possibly living on someone else's money, time or work. Rather than a negative freeloading or golddigging aspect, it instead implies that someone is kept or advantaged.

If the shoe fits for Charlie, why shouldn't he wear it? I guess he's Nancy's kept man and we the taxpayers are aiding and abetting his contentment. Guess life's a beach after all. I just realized it might help the country if all his House brethren followed Charlie to the beach and took a break. After all, isn't the most merciful thing Congress could do for our country right now would be to just do nothing---as in Don't just do something, sit there? Er lie there? So, good work, Charlie. We taxpayers will keep an open mind about this photo as we go into the fall elections. By all means soak up all those rays and have a nice day. More.

ELSEWHERE, OFF THE BEACH:

John Tamny writes today for Forbes.com: The Volcker Rule will quickly make the banks forced to rein in their activities irrelevant. This would be fine if the out-innovated banks were allowed to die at the hands of Washington regulations, but as the S&L crisis from the past shows us, heavily regulated and subsidized sectors develop strong political ties, much as the banks weakened by the Volcker Rule will. The banks made pointless by Volcker's plan will in time lobby for reduced restrictions to compete - just as the S&Ls did - and they'll compete for assets with government protection from failure just as the S&Ls did. (MORE) Regulations remain the problem, not the solution.

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