Oh it is a good day to be a lady.
Chris Dodd, Barney Frank, and Barack Obama insist that the new financial regulation bill pending a vote in the Senate is a necessity to restore stability to troubled markets. Instead, it looks as though Democrats have been more concerned about quota systems than economic growth. Buried deep within the bill is a requirement for all regulatory agencies with jurisdiction in economic arenas to start bean counting based on ethnicity and gender, as Diana Furchtgott-Roth discovered:
In addition to this bill’s well-publicized plans to establish over a dozen new financial regulatory offices, Section 342 sets up at least 20 Offices of Minority and Women Inclusion. This has had no coverage by the news media and has large implications.
The Treasury, the Federal Deposit Insurance Corporation, the Federal Housing Finance Agency, the 12 Federal Reserve regional banks, the Board of Governors of the Fed, the National Credit Union Administration, the Comptroller of the Currency, the Securities and Exchange Commission, the new Consumer Financial Protection Bureau…all would get their own Office of Minority and Women Inclusion.
Each office would have its own director and staff to develop policies promoting equal employment opportunities and racial, ethnic, and gender diversity of not just the agency’s workforce, but also the workforces of its contractors and sub-contractors.
What would be the mission of this new corps of Federal monitors? The Dodd-Frank bill sets it forth succinctly and simply – all too simply. The mission, it says, is to assure “to the maximum extent possible the fair inclusion” of women and minorities, individually and through businesses they own, in the activities of the agencies, including contracting.
Ode to cutting the budget. See they all lie again. At this rate the budget is going to be 20 Trillion and if Obama cuts it in half by 2011 or 2012 it will be 10 trillion. No I do not see that happening. He is a war monger just like Bush. With cousins like Warren Buffett and Dick Chaney all 3 CFR Members what did you think would happen. OK I am exaggerating but you get the drift. Bigger Government and more control into the Small Business capitalist. And you wonder why I like gold as a currency. I buy it low and then as it goes up I sell it to pay the bills. Silver also.