A Congressional Act of Terrorism

The so-called Financial Reform bill passed the Senate today. It is expected to clear the house next week and then go to President Obama’s desk where he will sign it. It is another criminal act by the lunatics running the asylum called government. It was written by the very people who help cause the mortgage meltdown, with the proposed intent of preventing it from happening in the future. This is as much a lie as the Federal Reserve act was created to prevent Depressions. Look how well that worked out. The great one happened not long after and we’re probably heading for an even bigger one.

This “Reform Act” is nothing but a laundry list of measures to help every crook, race hustler, union thug and leftist hack sink their fangs into what’s left of the American economy.

The financial reform bill expected to clear Congress this week 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.

The so-called “proxy access” provision, which activist groups say they will use to try to improve oversight of corporate financial practices, has provoked a backlash from the Business Roundtable, U.S. Chamber of Commerce and other major non-Wall Street business groups.

“This legislation includes provisions totally unrelated to the financial crisis which may disrupt Americas fragile economic recovery” and lead to increasing political battles in the boardrooms, said John J. Castellani, president of the roundtable.

It also has illegal reparations for women and minorities in the shape of a whole bunch more “diversity” and affirmative action bureaucracies created to rule over every financial business in the country which will give sweeping powers to all sorts of axe-grinding fiends looking to shake down businesses. This bill will more than likely seriously hurt an already failing economy. And the ghouls in Washington are slapping each other on the back.

Turncoats like Scott Brown and Olympia Snowe helped get the thing through the Senate. Keep than in mind when they’re next election comes around.

Now they’re talking about using the same tricks to ram through Cap and Trade before the recess. They want to kill America while they’re still in power. That’s what it all comes down to.

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7 Comments

  1. It specifically excludes Freddie Mac and Fannie Mae, the two organizations MOST RESPONSIBLE for the meltdown. And it places Barney Frank and Chris Dodd–the two people MOST RESPONSIBLE for the meltdown, in charge.
    It's like anti-legislation from a negative universe.

  2. James – this and the cap-and-tax legislation will effectively end the U.S. economy. No investor is going to put money into an enterprise here. No entrepreneur is going to risk a future here. Not with these idiotic rules piled on top of the economy-destroying socialized medicine program we now have, and the idiotic ones we already had, which presently have us in a double-dip-death-spiral the likes of which we haven't seen in 80 years.

    It won't be enough to have a changing of the guard in November. That will surely happen and this administration is already planning for it. If the new Congress, or the Supreme Court, doesn't find the stones to repeal the legislative damage the present one has visited on this nation since it took over in January of 2007, eliminate the capital gains tax and find a way to get the dollar back on a reasonably stable footing, this nation is finished.

  3. You may be right. But I hope you're wrong.

    However, Republicans have proven time and time again they are just Democrats lite. They still let big government expand.

    The only thing that might mitigate all this is the mood of the country which has become pretty strongly against big govt. If Dems are brutally purged in November, the newly elected pols will hopefully get the clue that there is a mandate to undo Obama and the Democrats statism.

  4. They want to kill America while they’re still in power.

    Unless there's some kind of revolution in progress of which I am unaware, the America I grew up in is dead already. It died due to cancer of the academy and culture.

    Long live the new Euro-socialist America.

    Tell me again what the point was of that revolution thing? And all those folks who died in the world wars supposedly preserving “freedom”?

  5. Change is inevitable, and that applies to what these weasels did. None of it will be permanent. The question is, how long do we have to put up with it?

  6. Well, based on history and our earlier discussions, the answer is we''ll have to put up with it until the economy collapses. As in Soviet Union type collapse, not housing bubble type collapse.

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