Congressional DoubleSpeak on Finance Rules

The Utah Daily Herald article “Lawmakers mull tougher finance rules” of October 22,2008 by Andrew Taylor includes several interesting quotes from members of the U.S. Congress.

The following statements made by Rep. Paul Kanjorski, D-Pa., are ripe for doublespeak interpretation:

“Because our current regulatory regime has failed, we now must design a robust, effective supervisory system for the future…”

“Deregulation — along with the twin notions that markets solve everything while government solves nothing — should be viewed as ideological relics of a bygone era.”

Translated by one with more faith in freedom and free markets this could be interpreted as the following confession:

“We’ve raped and prostituted the free market system and now we need to add even more control (regulation) over this Harlot that we’ve pimped.”

 

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