Rush Limbaugh's Morning Update: Dismantle

Rush Limbaugh: Oh, folks. Get this. Last week, the Democrats on the House Financial Services Committee passed a measure giving the government power to "dismantle" private financial firms they believe are "too big." We're not just talking about firms that are insolvent or inches away from declaring bankruptcy; the target firms can be healthy and well capitalized. But if Democrats -- for whatever reason -- say that a company would hurt the economy if it failed, they want to march in and be able to destroy it.

Pennsylvania Congressman Paul Kanjorski, the author of the provision, said: "Financial firms that want to play in a casino need to have their own resources to cover their bets and not assume tax dollars are available in reserve if their bets fail." The legislation sets up a council to determine if a company's "scope, scale, exposure, leverage, and interconnectedness" make it too big.

Congressman Kanjorski: You Democrats play casino with peoples lives on a daily basis! You don't have the money to play yourselves; you take the money from taxpayers, you spend it without consequence, and when you run out, you borrow from future generations without batting an eye. (Or you print it!) The size, scope, and "interconnectedness" of the federal government is beyond measure. It is leveraged to the hilt, and it fails every day at almost everything it attempts.

Americans don't want your grubby hands dismantling businesses on your enemies list; we want the power-mongering, freedom-crushing, anti-capitalist, socialist Democrat Party that's now in charge dismantled... for the good of the country. Thank you, sir!

Read the Background Material on the Morning Update...
• AP: Panel -- US can dismantle 'too big to fail' firms