August 26, 2012

Section 1504

While the country was sleeping, Section 1504 of Dodd-Frank has been put into effect. It will come as no surprise that Section 1504 is a lousy deal.

I would wager that if you asked every friend you have if they know about 1504, not one would have a clue. This is not an indictment of your friends, because most of mine wouldn't know, either. I didn't know about it till today.

My point is that there is so much going on that gets little attention that even those of us who follow these things have a hard time keeping up with how thoroughly we're being screwed. Yet most voters would doubtless consider themselves to be well informed.

Question:  If Obama was merely stupid, wouldn't the law of averages dictate that some of his decisions were in the best interests of the country?

Obama's Oil & Gas Folly

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