I challenge fiscally conservatives, tea partiers, and republicans to recognize a very distinct pattern. Republican party leaders continually side with
Wall Street and execs and seek to protect them at all times.
I start by submitting a Foxbusiness report on the 12th:
About 25 Wall Street executives, many of them hedge fund managers, sat down for a private meeting Thursday afternoon with two of the most powerful
Republican lawmakers in Congress: Senate minority leader Mitch McConnell of Kentucky, and John Cornyn, the senior senator from Texas who runs the
National Republican Senatorial Committee, one of the primary fundraising arms of the Republican Party. The stated topic of the meeting: The Financial
reform bill being sponsored by Senator Chris Dodd, the Democrat and chairman of the senate banking committee. Both McConnell and Cornyn listened to
numerous complaints the executives have with the bill. These included complaints about provisions that allow the government to continue to prop up
financial institutions that are “too big to fail.”
Notice how Fox wants to say the bankers are complaining about being "too big to fail". Yea, right. Mitch McConnel said this bill "will lead to
endless tax payer bailouts." Here again we see republican leadership twisting what is in a bill and selling it as something most -Americans would be
against. This is a complete lie, that can said to be the Banking Financial Reform's version of a "death Panel". THERE IS NOTHING LIKE THAT IN THIS
BILL!! The bill would require BANKS to fund a pool on their own to provide insurance for their OWN bailouts so taxpayers wouldn't have to. And
speaking of "death panels", the FDIC would have the right to carve up and sell off banks that do fail.
Yet did that didn't stop Mitch McConnell from getting on TV directly after this meeting and parroting this lie to protect his banker friends. He got
the ideas for his lie from Frank Luntz, Republican pollster, and repeated it almost verbatim.
Back in march John Boehner told the bankers, 'Don't let those little punk staffers take advantage'.
And my favorite, good ol' boy republican Richard Shelby at the Bankers Association meeting was asked how can the bankers help Shelby "carve out"
the Consumer Financial Protection Agency. His response was, "What you can do first is elected more Republicans to the US Senate."
He went on
to say,"If you had 59 Republicans right now, you probably wouldn't have any worry."
check at 16:23
That statement sums it all up, and makes my argument for me.
Now Bloomberg is reporting:
April 19 (Bloomberg) -- The U.S. Securities and Exchange Commission split 3-2 along party lines to approve an enforcement case against Goldman Sachs
Group Inc., according to two people with knowledge of the vote.
3 Democrats want to charge Goldman Sachs with charges of fraud, the 2 Republicans do NOT.
My goal here is NOT to say just republicans are bought off. I understand Democrats have banker 'friends' too. My goals are two fold:
1)Shed light on the pattern that comes into view when looking at what party is really looking out for Main Street.
2) When it comes to banking reform, Tea Partiers, fiscal conservatives, and Democrats need to work together and not let the lies and the people who
tell them, win this fight. All three groups have a common interest; reigning in Wall Street abuses that cost middle Americans and tax payers.