Congress, Get Some Guts! Pass Glass-Steagall!
June 29, 2010 -- On Wednesday, the Chris Dodd-Barney Frank created fascist financial "reform" bill is scheduled to be rammed through a gutless Congress. Under direct orders from President Obama and the White House, the McCain-Cantwell Glass-Steagall amendment and the Blanche Lincoln ban on certain derivatives activities were stripped from the legislation. Without either of these components, the legislation passed by this Congress only serves to bolster the speculative activities of a few all-powerful banks.
While gambling houses known as investment banks are being given first class treatment by this administration, the American people are being told to die. The extension of unemployment benefits was part of a bill voted down in the Senate that included Medicare reimbursements to doctors and Federal support for state Medicaid programs. As July comes and goes, two million Americans will have seen their unemployment benefits vanish as a direct result of the cowards in Congress who quiver before Obama. This, along with skyrocketing unemployment and a worsening global financial crisis, represent the latest phase in the ongoing economic disintegration.
While Obama was able to strong arm NAZI healthcare legislation through Congress, he was somehow unable to fight for much needed emergency program extensions for those most devastated by the economic breakdown. And people try and compare him to Franklin Delano Roosevelt?
Impeach Obama now. Kick the Congress in the ass-- hard!
On Wednesday the Congress must pass FDR's Glass-Steagall legislation or else we will cease to have a nation very soon.
--Summer Shields