It is always hard to take liberals seriously when they only present half of the truth on a subject. Take for example this WSJ column, by their token ultra-leftist, Thomas Frank, on Rep Paul Ryan. Frank says in the article that the repeal of the Glass-Steagal Act, which Ryan supported (and so did a lot of Democrats and Clinton who signed the repeal) led to the mortgage meltdown. Libs always say that, we always need new regulations and we should never repeal old regulations - Glass-Steagel dates back to 1932 and was a highly restrictive piece of legislation whose time had passed. Instead of enforcing exiting laws against certain behavior the libs want to just keep restricting the ability to do business to the point that business stop - can't have anything go bad if you're not conducting any business is their motto. By killing off business with ever restrictive laws they ensure that government plays a bigger role in our lives. TARP was a bad idea made worse by the Obamacrats. The repeal of Glass-Steagel was a good thing that pointed out the flaw of our existing regulating agencies - they don't do their jobs - Buy hey, they're the gov-ment and they're here to help!!
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