NHDP - On Anniv. of Wall Street Reform, Romney Still Doesn't Know Why He Opposes It

Concord, N.H. - Despite one year having passed since President Obama signed into law critical Wall Street reform legislation, Mitt Romney still doesn't have a clue as to why he opposes this important legislation or what's in it.


The legislation outlawed taxpayer-funded bailouts and guaranteed that financial firms aren't able to take the kinds of reckless risks that led to the economic crisis.


The Boston Globe reported two week ago on Romney's incoherent and uninformed position on Wall Street reform legislation:
"The bill dramatically added to the regulation burden of the financial industry, so bankers and people in financial services pull back," Romney said. He would not say whether he would seek to repeal the legislation as president, and when asked which parts of it he opposed, he would not be specific.


"It's 2,000 pages. I'm sure there's something in there that's good," Romney said. "I'd be happy to take a look at it perhaps line by line at some point and lay out the provisions that I think are unfortunate.''
"Romney has flip-flopped between taking no position on issues and taking multiple positions on issues," said Holly Shulman, communications director of the New Hampshire Democratic Party. "The Wall Street reform bill that Romney doesn't have a clue about why he opposes a year after it became law shows that Romney is not inching any closer to a core set of principles."


Romney has also spent weeks refusing to say where he stands on the debt ceiling, on reforming Medicare, on tax breaks for oil companies and other key issues he has been questioned about at campaign stops.