Frank: No Such Thing As"Too Much" Regulation

Rep Barney Frank, who to me always sounds like Elmer Fudd when he talks, now says that it is not possible to over-regulate, and calls such fears "a fantasy unrelated to any human experience." His exact words were:

"The general fear that the banking members, that we're going to over regulate on behalf of consumers is a fantasy unrelated to any human experience. The federal government has never done that."

You can find the video at the following link:http://www.realclearpolitics.com/video/2010/06/22/barney_frank_idea_that_there_is_too_much_regulation_is_a_fantasy_unrelated_to_human_experience.html

Now, I hope you understood what he is saying.


He is saying that NEVER, in all of human experience throughout time, have we seen a situation where government has over-regulated. In his mind, the total control over everything exercised by the Soviets was fine. Chavez seizing oil companies assets... fine. He is saying that is it impossible for there to be too much regulation.

And that's a major problem. Do you want to know why government keeps getting bigger and infringing on more and more aspects of our private lives? Because of people like Barney Frank in positions of power.

And of course, those of us who disagree with him are delusional, I suppose.

Better my convictions that Barney Frank's delusions.