Dodd-Frank is a Horrible Toddler

Ransom Notes Radio
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Posted: Jul 31, 2013 12:01 AM

Dodd-Frank turned 3 this month. Mark Calabria, with the Cato Institute, joined the program to discuss the burden Dodd-Frank has placed on the economy.             

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Show Prep:

Big Three:

Number Three:

So. . . Let me get this straight: JP Morgan has to pay the Federal government $410 million because it hiked up energy prices in California? How much are we going to charge Obama for intentionally driving up Energy prices?

Number Two:

More Americans are struggling with mortgage payments. . . I assume this is because they haven’t talked to the Mortgage Minute Guy.

Number One:

President Obama has a plan for a “grand bargain” on the economy: He wants to lower corporate tax rates; Good. He also wants to increase “business taxes”, hike up the tax on “foreign earnings”, and levy a onetime tax for “accumulated foreign holdings” for companies like Apple. And he wants to do all of this so the Government can spend more money on “job creation.” (Kinda like the first stimulus. . . ‘Cause, that worked out real well.)

Stocks in the News:

Mark Calabria, with the Cato Institute, joined the program to discuss the burden Dodd-Frank has placed on the economy:

Other News:

The Saudis are worried that – sooner or later – American’s will realize: “Wait a minute. . . We have oil here at home!”

The Clintons are angry that everyone’s comparing them to Huma and Weiner. Right. Who could possibly draw a parallel between the two? So-far there hasn’t been any DNA evidence in the Weiner story.

Chinese officials are injecting roughly £1.8bn into the markets. Pfftt. . . We’re doing $85bn per month. Nice try commies.

The full program, from start to finish, for your educational benefit: