See, the evil in this is that Republicans really want banks to be left alone the same way they were over the past eight years. And we all know how that went. Of course, a few crackpot economists will take money to say what the Republicans want them to say, and we always have the sage wisdom of Bill Kristol and Glenn Beck, who will drag out his chalkboard and illustrate just why the next logical step after Obama's financial reform bill is forced re-education camps and Maoist uniforms.
So because the Republicans find themselves having to back an unpopular position, they are instructed to pretend that the position is just the opposite. So the Republicans, who are in the position of trying to defend their position that banks need to be allowed to grow too big too fail and to drag our economy back into the mud, instead lambaste any attempt to regulate their biggest contributors as a big government bailout ... of their biggest contributors!
As Chait wryly observes, "I wonder why Democrats never thought of this approach. Instead of opposing the Bush tax cuts, why not crusade against the 'Bush tax hike'? Rather than oppose Samuel Alito's Supreme Court nomination, why not just insist you oppose the nomination of Charles Manson? Everybody hates Charles Manson."
Plus, Luntz is one homely doughboy, ain't he?