New GOP Congress Rushes Big Favors to Wall Street

Jim Hightower Author, Commentator, America’s Number One Populist

New GOP Congress Rushes Big Favors to Wall Street

If members of the brand-spanking new, Republican-controlled Congress are at all confused about why We the People consider them just another load of bovine excrement, they should look at their bill called "Promoting Job Creation and Reducing Small Business Burdens."

Only one day after being sworn in, the GOP introduced this deceitfully-titled bill as its top-priority, must-pass piece of economic legislation. But forget jobs and small business – those are just gauzy shams to hide the fact that this bill is nothing but a thank-you gift to the party's sweethearts on Wall Street!

A little background: First, having wrecked our economy with their reckless casino gambles in 2008, the banking giants had to swallow the 2010 Dodd-Frank reform bill that put some modest limits on their destructive gambling habit. Second, the banksters went running to Republicans, wailing that the Dodd-Frank wrist slaps were hurting their profits. Third, they pledged to back sympathetic GOP candidates over those mean ol' Democrats in the 2014 elections. Fourth, they did. And fifth, with Republicans now in charge, it's payback time for banksters!

The chief pay clerk is Rep. Michael Fitzpatrick, chair of the financial services committee. He even tried to ram his Wall Street giveaway through the House with a rigged process that would've prevented any debate. No need to question what's in it, he averred, for it merely makes "technical corrections" to the Dodd-Frank reforms.

Yeah – "technicalities" like putting us taxpayers back on the hook for bailing out banksters when their speculative gambles fail, allowing them to take more risk with our money, and letting them hide more of their scams from public scrutiny. To learn the truth about the GOP's corrupt coddling of their thieving financial benefactors, go to www.OurFinancialSecurity.org.

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This has been reposted from Jim Hightower's website.

National radio commentator, writer, public speaker, and author of the book, Swim Against The Current: Even A Dead Fish Can Go With The Flow, Jim Hightower has spent three decades battling the Powers That Be on behalf of the Powers That Ought To Be – consumers, working families, environmentalists, small businesses, and just-plain-folks. Twice elected Texas Agriculture Commissioner, Hightower believes that the true political spectrum is not right to left but top to bottom, and he has become a leading national voice for the 80 percent of the public who no longer find themselves within shouting distance of the Washington and Wall Street powers at the top. He publishes a populist political newsletter, “The Hightower Lowdown.” He is a New York Times best-selling author, and has written seven books including, Thieves In High Places: They’ve Stolen Our Country And It’s Time To Take It Back; If the Gods Had Meant Us To Vote They Would Have Given Us Candidates; and There’s Nothing In the Middle Of the Road But Yellow Stripes and Dead Armadillos. His newspaper column is distributed nationally by Creators Syndicate.

Posted In: Allied Approaches, From Jim Hightower

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