Since the author of the bill, Chris Dodd, said it will touch every aspect of our lives and we won’t know how it works until we pass it, Boehner is right. It should be repealed.

POLITICO

Several hours before the financial reform bill was expected to become law, House Minority Leader John Boehner said he thinks it should be repealed.

“I think it ought to be repealed. There are common sense things we should do to plug the holes in the regulatory system that were there and to bring more transparency to financial transactions,” he said. “Because transparency is like sunlight and sunlight is the best disinfectant.”

“I think the financial reform bill is ill-conceived,” he said. “I think it is going to make credit harder for the American people to get.”

Boehner also continued efforts by the GOP to highlight Democratic infighting sparked by White House Press Secretary Robert Gibbs’ comments earlier this week.

He said Thursday Democrats are embroiled in a “full-scale civil war.” He said House Democrats brought the sticky situation upon themselves by supporting President Barack Obama without fail.

“House Democrats gave President Obama every dollar, every tax hike, every ‘stimulus’ program, and every government takeover he asked for,” he said.

FULL STORY

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