I’m watching today’s proceedings by the House Committee on Financial Services. The subject is “Can Internet Gambling Be Effectively Regulated to Protect Consumers and the Payments System?”. I’ve already learned that Alabama Congressman Spencer Bachus is a moron. I’m paraphrasing until I can find a transcript, but he had the nerve to suggest that Congress should not repeal last year’s anti-gambling bill because the NBA, NFL, MLB, and NCAA have all come out against online gambling. I’m fairly certain that the Constitution matters more than what David Stern and Bud Selig believe is best for America. I don’t recall electing them to any public office.
Also worth noting, there are several witnesses for the Committee. I’m only familiar with Radley Balko. While I’m sure he’ll overwhelm the Committee with something most politicians aren’t comfortable with (logic), I’m pessimistic simply because several members of the committee have already gone out of their way to praise a minister who will testify that his son ended up in jail as a result of his addiction to internet gambling. Good grief.
Also, Rep. Barney Frank is slaying the nonsense of the conservative members when they claim that no one should have the liberty because a few people can abuse that liberty in a way that harms themselves. Bravo. Now, maybe he’ll apply that to his other, less liberty-minded economic ideas.
Update 1: Rep. Frank smacked down Rep. Bachus by referring to our professional sports leagues as “arbiters of absolute moral superiority.” He drew a large chuckle from the tiny crowd.