February 07, 2010

Quote of the Day

Jonathan Chait, on those ads that have been running in several states against "The Big Bank Bailout," which is in fact the financial regulatory bill that the banks oppose:

The political dynamic is that the Republicans are supporting the big banks and credit card companies, who want to keep in place the laws that allowed them to get too big to fail. Opposing change, and siding with these institutions is wildly unpopular. So the approach urged by [Frank] Luntz is to simply pretend that a regulatory reform bill staunchly opposed by the financial industry is instead a new bailout fund favored by the financial industry. I wonder why Democrats never thought of this approach. Instead of opposing the Bush tax cuts, why not crusade against the "Bush tax hike"? Rather than oppose Samuel Alito's Supreme Court nomination, why not just insist you oppose the nomination of Charles Manson? Everybody hates Charles Manson.

Posted by Stephen Silver at February 7, 2010 06:29 PM
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