redblueamerica.com

When the chairman of the House Financial Services committee holds forth, people would do well to pay attention. Rep. Barney Frank, D-Mass., writes in Monday's Financial Times that what ails America'a economy today is not too much regulation, but too little. "It appears that the regulatory tide may, at long last, be turning," Frank opines. And I believe him.

It's a pity Chairman Frank does not appreciate how the regulatory tide in Europe, Asia and the Middle East is turning the other way.

So please ignore the short- and long-term consequences of Bill Clinton's tax hikes in 1993, and pay no mind to the gains of the Bush tax cuts. Please don't dwell on the pernicious effects of Congress's overreaction to Enron while considering similar punish... er, "accountability" for the home lending industry. And while you're at it, never mind that Europe long ago awakened to the reality that lower corporate taxes spur economic growth and discourage profit-shifting.

No, forget all of that and let Barney Frank's tide of regulation carry you where it will.