Dems will pay political price
April 29, 2010 | federal legislation, industry | Comments (0)So says pollster Frank Luntz in the Huffington Post:
Sen. Dodd has bragged that his legislation will create a new super-regulatory agency like we have not seen before — and with good reason. Every single financial transaction will now be subject to government regulation — from layaway plans to auto loans. Citibank and Goldman Sachs don’t have to worry about that, but Joe’s furniture store and Jane’s used car dealership do.
I’ve said it before, and I’ll say it again: it’s not what you say; it’s what people hear. Democrats believe they have a winning issue in financial reform because it gives them the vehicle to attack Wall Street. Well, they’re right, but only right now.
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Americans want to change the direction of their government, and they will keep replacing incumbents until they get it right.
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