Just like Nancy Pelosi’s pitch for Obamacare (“we have to pass it to know what’s in it”), Congress has set new financial rules and nobody will know how it will work until they’re implemented:

Key House and Senate lawmakers agreed on far-reaching new financial rules early Friday after weeks of division, delay and frantic last-minute deal making. The dawn compromise set up a potential vote in both houses of Congress next week that could send the landmark legislation to President Obama by July 4.

Lawmakers pulled an all-nighter, wrapping up their work at 5:39 a.m. — more than 20 messy, mind-numbing, exhaustive hours after they began Thursday morning.

“It’s a great moment. I’m proud to have been here,” said a teary-eyed Sen. Christopher J. Dodd (D-Conn.), who as chairman of the Senate Banking Committee led the effort in the Senate. “No one will know until this is actually in place how it works. But we believe we’ve done something that has been needed for a long time. It took a crisis to bring us to the point where we could actually get this job done.”

I want to get these slimy jerks on an airplane, lock them in, tell them the plane was manufactured by a bunch of guys with a history of shady dealings, no experience in the airline industry and who were up all night, tell them “nobody knows if this will work until we’re airborne” and see how many of these worms wet themselves when the plane starts taxiing down the runway.

It’s okay to do the economic equivalent to the rest of us though.

Drudge has an unsettling photo taken after the all-nighter:

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Barney hasn’t looked that frumpled and exhausted-yet-satisfied since he exited the Castro Theater after a marathon screening of La Cage au Folles in 3-D.

The tentative plan is to have the “Dodd-Frank” bill ready for Obama’s signature on July 4th. So let the fireworks start early.

Chris Dodd and Barney Frank — two of the many reasons we’re in such financial trouble — are also the architects of the effort to “fix” the problem. “Hope & Change!”

Comments

10 Responses to “Congress Pulls All-Nighter to Pass Financial ‘Reform’; America ‘Dodd on Arrival’”

  1. OK_Loyalist on June 25th, 2010 1:34 pm

    The nightmare continues.

  2. Mark1957 on June 25th, 2010 2:15 pm

    That photo says it all, America got screwed again by the Marxists in power.

  3. Clu Seatoe on June 25th, 2010 3:41 pm

    "Barney hasn’t looked that frumpled and exhausted-yet-satisfied since he exited the Castro Theater after a marathon screening of La Cage au Folles in 3-D."

    Or at least after the 3-D screening of the Harvey Milk bio.

  4. nannykins on June 25th, 2010 4:26 pm

    You got that right!!! And a two hander to boot!

  5. Senate Negotiators Approve Bank Bailout Bill/House Passes Disclose Act « Nice Deb on June 25th, 2010 4:36 pm

    [...] of the day goes to Doug Powers: I want to get these slimy jerks on an airplane, lock them in, tell them the plane was manufactured [...]

  6. Bent Notes » FHer-care redux on June 25th, 2010 4:36 pm

    [...] Two of the most horrifying monsters in American history announce that their respective houses of Con….  The word is still, though, that for anybody who’s crafting it to actually understnd it, they’ll have to pass it. [...]

  7. NVA Patriot on June 25th, 2010 9:45 pm

    This can only suceed if we let Republicans do nothing. Every one talks about the 2010 election and teh 2012 election as opportunities to get rid of the Dem totaliarians. We will. But their carnage to teh constitution will remain.

    They will have suceeded if these laws remain in place. By 2014 EVERY LAW PASSED BY THIS CONGRESS MUST BE REPEALED – EVERY LAW –

    Any Republican failing to support that position must be primaried into oblivian.

    Every Gs-13 and above (Bureacratic Rankings/pay scales – middle manager/statists) who contributed to writing these laws must be FIRED. Every congressional staffer who supported this nonsense must be fired and NEVER be given a pass to go into a federal building again based on being a security risk and that their actions are harmful to the United States.

  8. OK_Loyalist on June 25th, 2010 11:57 pm

    Exactly… total deck reshuffle = the bureaucrats, the staffers, and the damn janitors too !

  9. Ken in Texas on June 26th, 2010 2:56 am

    Well, it DOES take two hands to handle a whopper.

  10. OK_Loyalist on June 27th, 2010 2:51 am

    I couldn't quite place the Drudge photo at first. This is Bawney coming out of his 2nd house of prostitution.

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