They say, ‘Well, this is a failure of the markets. Oh, this is about greed on Wall Street.’… the problem here is government intervention in the free markets. 1995, when Bill Clinton decided to tell, you know, [then-Treasury Secretary] Robert Rubin to rewrite the rules that govern the Community Reinvestment Act and push all these institutions to lend to minority communities, many were very risky loans. That was a noble idea, perhaps, but that certainly wasn't following free-market principles. This big pressure on institutions to dole out money and these risky loans started this whole ball rolling at Fannie and Freddie.
It is foolhardy for lawmakers to push for regulations that would transfer dollars from families and businesses to bureaucratic big-government. We want to make sure citizens know what global warming alarmism will cost them – higher taxes, lost jobs, and less freedom.
[The Ledbetter Act would] impede justice and undermine the important goal of having allegations of discrimination expeditiously resolved.
There is definitely a major disconnect between our leaders in Trenton and the people who pay taxes and employ residents. Legislators and the governor seem to think our residents and employers have deep pockets and unlimited resources to fund their bloated bureaucracy, when that is far from the case. This madness has to end.
In 1989, sympathetic members of Congress got the Home Mortgage Disclosure Act amended to force banks to collect racial data on mortgage applicants; this allowed various studies to be ginned up that seemed to validate the original accusation… bank regulators required the loosened underwriting standards, with approval by politicians and the chattering class. A 1995 strengthening of the Community Reinvestment Act required banks to find ways to provide mortgages to their poorer communities. It also let community activists intervene at yearly bank reviews, shaking the banks down for large pots of money.
[The Democrats’] vision for the future: socialized medicine and Washington-run health care.
Most businesses would tell you that they presently take care of their employees. They don't need government telling them how to do it.
The majority of San Francisco's Supervisors have no management experience or experience running large or small businesses. They have no concept of what it takes to manage and finance a business. They obviously think that money grows on trees and profit is sinful.
The truth is that if your labor is worth $6.75 an hour and the minimum wage is raised to $7.75, you simply become unemployable. The first rung of the ladder is gone, and there's no place to start….This legislation is the ultimate expression of the cruelest of all human lies: ‘I'm from the government, and I'm here to help.'
[RGGI is] regulation without representation.
