Joe Biden's political stupidity and verbal diarrhea are truly boundless. Speaking today at a campaign rally in Virginia, the Vice-President declared that Romney-Ryan policies would put us back in chains. Since it was estimated that half of this audience was black, this not so subtle reference to slavery was not an oversight by Biden but a calculated play to appeal to the basest fears and darkest memories of one of his core constituencies. The Romney campaign was right to denounce this appealing to baser instincts, but race baiting is as integral to Barack Obama and Joe Biden's political identity as booze is to an alcoholic, a needle to a drug addict, and sexual perversion to addicts of all sexual choices.
A common refrain of Democrats about the economic situation inherited from the George W. Bush Administration is that there weren't any regulations any place to stop the financial crisis the U.S. and global economies entered into in 2008. That is a flat out lie! The Code of Federal Regulations (CFR) is the annual compilation of U.S. Government regulations published by the National Archives. Title 12 of the CFR covers banks and banking and its seven print volumes in 2008 featured a cumulative total of 4,513 pages of regulations on this subject matter. Any calculation of financial regulations in the CFR should also include Title 13 covering business credit and assistance, Title 16 covering commercial practices, and Title 17 covering commodities and securities exchanges. Thanks to the advent of Dodd-Frank and other Obama era legislation the number of pages of federal financial regulations in the 2012 CFR has, undoubtedly, increased exponentially.
A lack of regulations is not the problem causing historical and contemporary national financial problems. It's properly enforcing existing laws and regulations by the agencies responsible for the enforcement and Congress conducting effective oversight of these agencies and these programs. Congress also needs to work with private sector stakeholders and federal agencies to eliminate unnecessary regulations that no longer serve a valid purpose. Of course, such commonsense logic is beyond the intellectual capacity of Joe Biden.
We must not forget that Joe Biden is a pathological liar who vowed to support Justice Clarence Thomas Supreme Court nomination in 1991 before reneging, plagiarized the speeches of British Labour Party leader Neil Kinnock in his abortive 1988 presidential candidacy, favored partitioning Iraq into three countries, dropped the f bomb when applauding Obama's signature in 2010, and has embarrassed himself and the country domestically and internationally. Besides getting rid of Obama and his incompetent and immoral policies, we should also dedicate ourselves to putting Biden and his verbal gaffes into permanent political retirement during this presidential campaign. I'm especially looking forward to seeing Paul Ryan conduct a graduate seminar in economic policy on Buffoon Biden when they debate later this year.