FINANCIAL REFORM Passes- Category:Christian_Conservative_News
FINANCIAL REFORM Passes
FINANCIAL REFORM PASSES
Economists: the Only Thing Certain Is More Uncertainty
Remember the “2,074-page monstrosity” that was ObamaCare? . . . Forget about it. Somewhere in obscurity, where legislation is actually written, the game of one-up-manship appears to be completely out of hand, as the U.S. Senate on Thursday passed the financial reform bill that eclipsed 2,300 pages.
Like most experts in the financial world, economic analyst and professional investment consultant, Peter D’Arruda, is watching this legislation unfold with reservations—not just because of the size of the bill, bloated with hundreds of new regulations, but because of what Senator Dodd (D-CT) said as he ushered the bill through . . . something along the lines of, “We’ll have to pass it before we know how it will work.”
On his website and weekly radio show, D’Arruda aims to teach investors how to make prudent decisions inside an incredibly complex financial world—one with an overwhelming number of variables to process, from commodity prices to consumer confidence, from taxation to mother nature, from the housing market to the Fed’s arbitrary decision to just keep printing money.
And therein lies the point. With this financial reform bill comes a tsunami of more variables that breed greater uncertainty— so much that economists say it will all but seize up the investment market and exacerbate the already stifling recession.
Even the bill itself raises conflicting assessments. While Barack Obama stands over it with the promise that it will ensure taxpayers never have to pay for bailouts again, others are simultaneously arguing that it virtually ensures more bailouts are to come.
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