House Minority Leader John Boehner criticized the financial overhaul yesterday, describing the attempt to regulate financial institutions as being like “killing an ant with a nuclear weapon.”
In an interview with the Pittsburgh Tribune-Review, Boehner (R-OH) said that the compromise between the House and the Senate is unnecessary, and that what is really needed to prevent another recession is tighter regulation and transparency.
In the same interview, Bohener said that the U.S. should cut Social Security by raising the retirement age to 70, and that because of Democrats “there’s a political rebellion brewing, and I don’t think we’ve seen anything like it since 1776.”
Late Update: Boehner spox Michael Steel tells Greg Sargent:
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.
