Romney would have done a better job on Dodd Frank than Obama (+12)

Reasons to agree:

1. Dodd-Frank created the the Consumer Financial Protection Bureau (CFPB). Romney is right that the CFPB has too much power (+6). Romney has spent his life organizing complex systems, and making sure that they work the way they are intended. He could have designed a financial reform program that wouldn't have gone overboard. Romney is also right that the (CFPB) will be one of the least accountable entities in the U.S. government (+2).  Again, Romney's experience in finance and business would have resulted in a system that has better incentives. 
2. Romney complains that Dodd Frank creates an economic environment for businesses that is less predictable (+1). 
3. Dodd-Frank did a lot of things that democrats like, that had nothing to do with preventing banks from being too big to fail (+1). 
4. Dodd-Frank provides incentives to promote banking among low- and medium-income residents. This is one of the causes of the economic crisis. You can't force people with no money to be able to take out loans that they can't afford. Just because democrats with that poor people had lots of money, doesn't mean that they should force banks to give it to them. Until they get a bigger income, they should not get bigger loans. 
5. Romney points out that Dodd-Frank did not address bank or housing over-leveraging. 
6. Dodd-Frank is too confusing.  Senator Christopher Dodd, remarked: “No one will know until this is actually in place how it works.”
7. Dodd Frank rules are unclear, and open to interpretation. Romney would have ensured that it was more clear. Romney should be more specific about the exact changes he would make to Dodd-Frank (Reasons to disagree: it is thousands of pages... He doesn't have enough time to summarize other people's criticisms). 

Reasons to disagree:

1. Some of the concepts in Dodd-Frank have a place. 
1. Greater transparency for inter-bank relationships, 
2. enhanced capital requirements, and 
3. provisions to address new forms of complex financial transactions are all necessary elements of effective financial reform. But these concepts must be translated into law in a way that creates a simple, predictable, and efficient regulatory system appropriate for our dynamic economy.
2. People who were not involved in the Dodd-Frank negotiations don't understand all the reasons that each aspect of it was implemented. 

Score:

# of reasons to agree: 7

# of reasons to disagree: -2

# of reasons to agree with reasons to agree: 10

# of reasons to agree with reasons to disagree: -3

Total Idea Score: 12

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