Alan Caruba writes in his Oct. 25 CNSNews.com column:
Big Government kept getting bigger as agencies such as the Security Exchange Commission increased its budget by twenty percent to $1.2 billion, more than triple its size in 2000. It is expected to increase by more than one thousand people to about 4,700 regulators, a 36% increase from 2007.
This is the same SEC that failed to spot Bernie Madoff’s $50-billion Ponzi scheme and which failed to do anything about the “toxic assets” that led to the government bailout of banks, investment firms, and AIG, an insurance company.
Did Caruba not consider the possibility that the reason the SEC is expanding is in order to address deficiencies that kept it from adequately recognizing the Madoff scandal, et al?
One can only marvel at folks like Obama who are so caught up in their hatred that they overlook the obvious.