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Boehner weeps for big business: The financial crisis was an ‘ant’ that Congress killed with a ‘nuclear weapon.’

By Amanda Terkel  

"Boehner weeps for big business: The financial crisis was an ‘ant’ that Congress killed with a ‘nuclear weapon.’"

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In a new interview with the Pittsburgh Tribune-Review, House Minority Leader John Boehner (R-OH) blasts Democrats for everything from health care reform to the BP response to financial reform. “They’re snuffing out the America that I grew up in,” Boehner said, adding, “There’s a political rebellion brewing, and I don’t think we’ve seen anything like it since 1776.” Taking up the GOP agenda of defending big business at all costs, he compared the financial crisis to an “ant” and criticized Congress for passing financial reform, which he likened to a “nuclear weapon“:

Boehner criticized the financial regulatory overhaul compromise reached last week between House and Senate negotiators as an overreaction to the financial crisis that triggered the recession. The bill would tighten restrictions on lending, create a consumer protection agency with broad oversight power and give the government an orderly way to dissolve the largest financial institutions if they run out of money.

“This is killing an ant with a nuclear weapon,” Boehner said. What’s most needed is more transparency and better enforcement by regulators, he said.

(HT: Ben Smith)

Update

On The Gavel, the blog of House Speaker Nancy Pelosi (D-CA), Karina writes, “An ant, Mr. Boehner? It was the worst financial crisis since the Great Depression — Americans lost 8 million jobs and $17 trillion in retirement savings and net worth. The irresponsible fiscal policies of George W. Bush and Congressional Republicans were much bigger than an ant to American workers, their families and small businesses.”


Update

,Boehner’s spokesman attempts to clarify the congressman’s remarks: “It’s clear Boehner is not minimizing the crisis America faced — he is pointing out that Washington Democrats have produced a bill that will actually kill more jobs and make the situation worse.”

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