Friday, July 22, 2011

The Beltway Industry Full-Time Employment Act

Michelle Malkin reports:
Dodd-Frank, the 2,300-page financial "reform" monstrosity spearheaded by Capitol Hill corruptocrats, turned 1 this week. It made too-big banks bigger. It made too-risky incentives riskier. It made a lousy economy lousier. Billed as a "consumer protection" act, Dodd-Frank has succeeded phenomenally -- in protecting and stimulating the business-stifling business of government.

Dodd-Frank is a tyrannical triumph of rule-makers, lobbyists and other non-elected spongers over taxpayers. If you don't want an unseemly glimpse into the self-serving, sausage-making process that feeds the insatiable Beltway industry, read no further. The law's implementation process is so far-reaching and Byzantine that every member of Congress should be suffering migraines from it.
More resources for the unproductive.