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The Other Side of the Tracks blog by Word Press

Now, You Decide

The Other Side of the Tracks: A Socially Speaking Commentary
April 19, 2010
By Perry Redd

What I want to know is why are you still supporting politicians who want to hurt you? What’s your excuse? With a weekend push from President Obama and the SEC charges against Goldman Sachs in the background, Democrats plan to start debating the Wall Street reform bill in the Senate this week, even as Republicans continue to say they oppose the bill.
I watched the Sunday morning talk shows and, according to their talking points, the Republicans mischaracterized the issue of the day—again—calling the President’s bill, “more bailouts.” It’s not. In a letter to Senate Democrats on Friday, 41 Senate Republicans said they “are united” in opposing the current bill that passed the Banking Committee last month, according to a letter written by Senate Minority Leader Mitch McConnell, R-Ky.
What the letter iterates, is that Republicans have enough votes to delay the bill. However, their letter stopped short of vowing to block the bill from being debated. They said they wanted more say in creating a “bipartisan and inclusive approach.” If they are “united” in opposing it, then it is apparent that anything they offer would be contrary—not to mention they haven’t offered anything already!
It’s not like this issue hasn’t been conferred upon in the recent past. Democrats responded with a timeline pointing out all the different meetings and negotiations that have gone on between lawmakers and staffs of both parties over the past six months. Again, the Republicans have been disingenuous in crying for a “bipartisan” effort. There nothing they want less. They’ve been at the table. The Democrats also point out that Banking panel chairman Sen. Christopher Dodd, D-Conn., and ranking member Sen. Richard Shelby, R-Ala., continue to meet and negotiate differences.
“We can disagree over serious, substantive issues. We can have a real debate over the future of our country, but if this bill does not represent a bipartisan effort, I don’t know what does,” said Dodd. “I have been in extensive talks with my Republican colleagues for over a year, and I still am.” Sounds like the identical rhetoric from the Healthcare Insurance Reform battle.
The president focused on banking reform in his weekly radio address to the nation.
“The consequences of this failure of responsibility — from Wall Street to Washington — are all around us: 8 million jobs lost, trillions in savings erased, countless dreams diminished or denied, ” President Obama said. “I believe we have to do everything we can to ensure that no crisis like this ever happens again.” Wall Street reform gained a boost Friday when the Securities and Exchange Commission charged Goldman-Sachs with defrauding investors on mortgage-backed securities. (The tale of Goldman’s fraud charges)
It’s clear who wants to work for the American people and who wants to work for the exploiters of the American people. Today’s politics are ideological and socially, diametrically oppositional. Either you’re for corporations, or you’re not. The claim is that, if you prop corporations up, then you create jobs. It hasn’t worked that way. Under President Bush, corporations received tax breaks galore and used the proceeds to reward their executive ranks with grand and illogical bonuses—while the workers lost jobs. That didn’t work for the American masses. So what now?
Now…is where you stop supporting the people that don’t support you! No longer should you vascillate between left and right, right and wrong, head and tail, black or white. It’s a clear-cut choice. We saw it in November of 2008. The ideologues are back with a vengeance. They don’t want you to vote, read or choose. They want to choose for you! We, the people, have suffered with ridiculous credit card interest rates, ballooned mortgages, over-priced insurance and fraudulent stock options. Wall Street has raped the American economy with mortgage-backed securities and take-the-money-and-run practices. Now, you decide.


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