Debra J. Saunders
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When she was supposed to be rallying all House members, Pelosi instead brandished her dagger, as she parroted that lame old line about Republicans believing in "no regulation." It is amazing how a party that flatters itself for its intellectual wattage can disseminate such patently false drivel with wide eyes.

Sure, maybe two Republicans in Washington oppose most regulation. But look at the party's nominee, John McCain. Not only did McCain push for improved regulation of Freddie and Fannie, he also voted for the 2002 accounting oversight measure, Sarbanes-Oxley -- that was supposed to prevent another Enron -- and authored a measure to regulate campaign spending.

I'm a small-government conservative. But I've worked for other people since I was a teenager -- and that sort of experience leaves me with only a jaded respect for how the "free market" works. It doesn't work without regulation.

Most of all, I blame the financial masterminds on Wall Street, who have justified their high salaries because they were supposed to be so clever -- yet apparently had no idea that they were buying inflated paper.

Although if Congress keeps larding the bailout to the point that America will need a bailout for the bailout, then the order of my list could change.

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Debra J. Saunders


 
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