Traitorous RINO Republicans helped vote in a disastrous "Finance Reform Act" that has nothing to do with financial reform, and everything to do with giving the government and the Democrats more power. Well, I have to correct myself. I said it has nothing to do with financial reform, it has a lot to do with financial reform, just not the way you and I would like to see it reformed. Even those who say they supported the bill would not want what this bill contains, unless they are on the extreme left. The vote was 60-39 for the bill.
Guess who was vote number 60? It was the man from Massachussetts, Scott Brown, who masqueraded as a conservative in order to get the Tea Party and Sarah Palin support. His deception drew donations in from Tea Party members all over the country.
We expected Olympia Snowe and Susan Collins of Maine to vote for the bill. They seem to be on the wrong side of every vote these days. They are just Democrats who haven't officially switched parties. We should have expected it from Brown, he has already stabbed us in the back since being elected.
Snowe, Collins and Brown, along with 55 Democrats and two independents voted yes. Thirty-eight common sense Republicans voted for the people. One lone Democrat voted against the bill, but not for the right reasons. He said the bill "isn't tough enough on Wall Street". As if we need to be tough on Wall Street in this kind of economy. What are those fools trying to do? Cause a stock market crash?
Sen. Richard Shelby of Alabama, the top Republican on the Banking Committee, labeled the bill a "legislative monster that I believe ... expands the scope and the power of ineffective bureaucracies. ... The bill does very little to make our financial system safer." Senate Republican leader Mitch McConnell of Kentucky stated "As it turns out, the American people don't seem to like this government-driven solution to the financial crisis any more than they liked the Democrats' government-driven solution to the nation's health care crisis," He went on to say "They don't think this bill will solve the problems in the financial sector any more than they think the health care bill will lead to lower costs or better care." One of the Republicans' key arguments was that no one knows if the bill could prevent a 2008-style collapse.
"The Democratic majority chose to adopt legislative language penned by federal regulators in search of expanded turf," Shelby said. "They chose to legislate for the political favor of community-organizer groups and liberal activists seeking expansive new bureaucracies."
The financial reform bill is chock-full of provisions that have little to do with the financial crisis but cater to the long-standing agendas of labor unions and other Democratic interest groups.
Principal among them is a measure to make it easier for unions, environmental groups and other activist organizations that hold shares to put their representatives on the boards of directors of every corporation in the United States. So why do we have Republicans who voted for it? It was not because their constituents asked them to. If you don't believe that, then go look at Scott Brown's Facebook page.
http://www.facebook.com/pages/Scott-Brown/178795233167?v=wall&ref=notif
Why did they go on and vote the way they wanted to knowing their constituents didn't want them to vote that way. Were their votes bought? Do they just not care? or worse yet, are they wolves in sheeps clothing intent on giving the Socialist Liberal Democrats more power?
You can read more here http://www.charlotteobserver.com/2010/07/16/1565682/senate-approves-historic-overhaul.html and here http://www.washingtontimes.com/news/2010/jul/14/finance-bill-favors-interests-of-unions-activists/
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