Democrats are passing bills voters don't want

NY Times:

If passage of the financial regulatory overhaul on Thursday proves anything about President Obama, it is this: He knows how to push big bills through a balky Congress.

But Mr. Obama’s legislative success poses a paradox: while he may be winning on Capitol Hill, he is losing with voters at a time of economic distress, and soon may be forced to scale back his ambitions.

The financial regulatory bill is the final piece of a legislative hat trick that also included the stimulus bill and the landmark new health care law. Over the last 18 months, Mr. Obama and the Democratic Congress have made considerable inroads in passing what could be the most ambitious agenda in decades.

Mr. Obama has done what he promised when he ran for office in 2008: he has used government as an instrument to try to narrow the gaps between the haves and the have-nots. He has injected $787 billion in tax dollars into the economy, provided health coverage to 32 million uninsured and now, reordered the relationship among Washington, Wall Street, investors and consumers.

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I don't remember him promising to do any of those things. If he had, he would have lost the election with McCain. The reason that Democrats are in trouble is because they are trying to govern against the will of the people.

It could not have been more clear that the majority of the people did not want the health care monstrosity and they still do not want it. The stimulus was a bust because it did not stimulate. Instead it became evidence of the failure of liberalism. The latest bill is one that does not address the cause of the financial debacle, but instead tries to deal around the edges by trowing paper at some of the symptoms of the debacle.

Dodd and Franks should be thrown out of office rather than permitted to write this latest travesty. Their failure to allow reform of the handling of loans by Freddie and Fannie was a primary cause of the housing fiasco which worked its way into the banking and insurance sector as the bad debt was monetized.

What they have done now is produced something that will make lobbyist and lawyers rich at the expense of the financial institutions while ignoring the mess that was created by Democrat housing policies.

Obama and the Democrats deserve to be rejected by the voters.