Posted by Tina
After the financial meltdown the administration acted quickly to “fix” the too big to fail bank problem. Yep, once George Bush and Republicans were shown the door and Democrats won that super majority good old Barney Frank and Chris Dodd were tapped to “fix banking regulations”. What did their legislation actually do? It gave the big banks an advantage. It gave them a subsidy. It gave them the power to grow at the expense of the smaller banks and the taxpayers. The big guys now get to borrow at a lower rate than the little banks. The difference is made up by the taxpayer. The excuse was that they needed to have the ability to hold cash reserves in case of another crisis. The reality is that the big banks just get bigger.
This represents a major interference of government into the free market and should be eliminated. That is exactly what Sensator’s Sherrod Brown (D-Ohio) and David Vitter (R-La.) proposed last year. No doubt it is one of many proposals being blocked in the Senate by Harry Reid.
Interesting that the Washington Posts take on the story is that it won’t pass because these banks give big to both parties. But when one party is keeping it from even making it to the floor of the Senate for discussion and debate the American people are robbed of the ability to judge for themselves which of their elected representatives would vote to end corporate welfare and the government’s destructive intrusion into the market.
Thanks for posting this, Tina. I am glad to see you and other Republicans taking notice of the ways in which the government intervenes in the market to prop up corporations and the wealthy, and I am glad that it looks like this move is gaining bipartisan momentum.
I’m curious about your assertion that this proposal is being blocked by Reid. Can you provide evidence for that claim?
I said it was “no doubt one of the proposals being blocked” based on the way Reid has behaved as leader in the Senate. A few unrelated examples:
New York Times:
The Tower;
Eric Cantor, 2011:
Commentary Magazine:
Washigton Times:
Both parties use strategies to win the day and advance what they believe is right.
Reid is doing something else and neither parties Senators are being given a voice.
Ok…..What next……….This reads like he Jack/Tina Dressup game?
A Bunch of Crap……Again……
Tt’s us & them …….will fail…….
Read, Learn, and best Advise?
Learn from the haters…AKA…PS, JK, TG,……
and…….VOTE!
AMERICA
No Tea Patty 2014! Get Rid of the Cancer & have a conversation!..America We can Do This!
Democracy over hate!
Dewey you don’t converse so how could anyone take your advice?
Once again, enlighten us!
Here’s an oldie back in 2011 when Reid refused to even take up the President’s job bill.
October 04, 2011, 07:16 pm
Reid blocks attempt by McConnell to vote on president’s jobs bill
In a lively spat on the Senate floor Tuesday, Minority Leader Mitch McConnell (R-Ky.) attempted call up President Obama’s jobs plan for an immediate vote in the upper chamber.
However, Senate Majority Leader Harry Reid (D-Nev.), who supports the legislation, blocked the vote.
McConnell had tried to offer the president’s job package as an amendment to the China currency legislation, which was being debated in chamber. By “filling the tree,” Reid blocked that move.
“What I am trying to do here today by requesting this vote on the president’s jobs bill … is to honor the request of the president of the United States that we vote on it now,” McConnell said. “He has been asking us repeatedly over the last few weeks that we vote on it now.”
“I think the president of the United States, whose polices I generally do not support … is entitled to know where the Senate stands on his proposal that he has been out talking about … and suggesting that we are unwilling to vote on it,” he said.
Reid called McConnell’s request a “political stunt” and “senseless.”
“What a charade we have going on here,” Reid said. “[W]e now have a proposal that is ridiculous on its face … that is that we vote with no debate on the president’s jobs bill.”
If successful, McConnell’s move would have put Democrats in a tough spot as they do not have enough support for the bill. The GOP leader, before he brought up the legislation, made it clear he was doing it to embarrass Democrats.
Obama on Monday called on Congress to vote on his jobs package. But Senate Majority Whip Dick Durbin (D-Ill.) said Tuesday the president’s proposal would likely have to change in order to win passage.
Reid insisted that the president’s demand that Congress vote on the bill “now” did not necessarily mean all other legislative activities had to come to a halt. Reid also renewed an earlier pledge to bring the bill up for a procedural vote this month.
“Right away is a relative term,” Reid said. “[I] sponsored it, I am the one who brought it to the floor. We need to move to this right away … I have said I will bring it to the floor this work period.”
McConnell said he would make every effort to force an immediate vote on the legislation.
Read more: http://thehill.com/blogs/floor-action/senate/185455-reid-blocks-mcconnells-call-for-an-immediate-vote-on-obamas-jobs-plan#ixzz2uvF0PvHi
Peggy there is no end to the games this bunch of radical leftists will play! I found this exchange interesting:
Makes me think the Presidents “jobs bill” was just for show, otherwise Reid would have put it on the fast track nd given it the courtesy of both debate and a vote.
Everything they do is geared toward the big government agenda. If the people have to go jobless they just extend the unemployment and shove the cost on to the business owner (We paid a premium at the end of this year for that!) Or they just increase the food stamp program and taxpayers will handle the cost for that.
These radicals think of all money as a big pot of gold that “belongs” to the collective. It’s not surprising that they want to be in charge of it…or that they don’t give a rip whether people can live and work. As long as they get to decide what to do with that pot everything is just fine. The concept of earnings or company ownership as personal property just doesn’t fit.
We need to purge our governments of these sixties and seventies bums. I’m hoping the new millennials will help us do that.
Tina, you may be right. When I read what McConnell said and tried to do I thought it was worthy of posting. I don’t know how to bold print to highlight what he said, so I posted most of the article.
My thoughts on what took place back then was Reid didn’t allow the president’s job bill to the floor because he didn’t want the republicans to add amendments and knew he didn’t have the democrat votes to pass it. He couldn’t let the record show democrats voted against the presidents bill and he couldn’t allow it to the floor where republicans would have input to make it better and even passable.
Also, if the republicans did work on improving it he’d have to admit it, giving them credit for working together and not be able to say it’s the republicans fault for Congress not getting anything done.
Reid is a spin master at playing the political game and with the media’s support he’s able to pass his lies off as truth getting voters like Chris buy it.
Watching the videos of Palin and Romney’s superior knowledge on Russia compared to the community organizer in chief is shocking. It will be interesting to see what the media does if this situation blows up and we end up in another war with Obama’s name tagged to it. I doubt he could get enough men and women to volunteer with him as commander.
Tina: “We need to purge our governments of these sixties and seventies bums. I’m hoping the new millennials will help us do that.”
I’m telling everyone to have a voter enforced term limit movement. Vote out every rep who has been in office for more than 10 years. That includes both parties.
I’ve had it with career politicians who vote and work to promote their longevity instead of what’s best for the people of this country.
Tina: “I said it was “no doubt one of the proposals being blocked” based on the way Reid has behaved as leader in the Senate.”
Oh, OK. I just thought that, y’know, since you put “Blocked in Senate” in the headline, that you might actually want to know whether or not that’s true.
Then again, I tend to automatically assume that people care whether the things they say are true or not.
Silly mistake. Won’t happen again.
Stop preaching Chris. The things you believe that are untrue because of your indoctrination and world view are enough to fill a set of encyclopedias.
There have been several proposals in the Senate as far as I can tell. Elizabeth Warren is tied to another one. I can’t find evidence that anything has been discussed in the Senate much less voted on so I’d say the proposal has been blocked.
Do you have any evidence to the contrary, Chris?
Peggy try this site for help with learning the codes to bold print, highlight, etc.
They may not all work in comments but you can give them a try!
Tina: “I can’t find evidence that anything has been discussed in the Senate much less voted on so I’d say the proposal has been blocked.
Do you have any evidence to the contrary, Chris?”
What an amazing question. I’ll respond with a similar question:
Do you have any evidence that John Beohner doesn’t set kittens on fire every weekend?
Gee no, Mr. Perfect Pants, but if you hum a few bars I’m sure I could supply the lyrics.