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GOP Wheeling And Dealing May Come Back To Bite Them

Wednesday was the anniversary of the day in 1944 when Democrats nominated Franklin Roosevelt for a fourth term. If he could see the wheeling and dealing in D.C. during the current budget deficit debate, FDR wouldn’t be surprised. Republicans are still trying to kill Social Security, and the GOP is still cozy  with bankers, billionaires, and big business.

Tea Party House Republicans, under the leadership of Eric Cantor, are doing  everything they can to protect their BFFs on Wall Street from paying their fair  share of taxes. If majority Leader (and presumptive peaker) Cantor and the rest of the Tea Party  types were really concerned about the budget deficit, they would support  President Obama’s effort to save money by ending billions of dollars in  wasteful subsidies to big oil and for corporate jets. Tax breaks for corporate  jets with full bars don’t stimulate the economy, but they do stimulate corporate  jet setters.

Republicans did  score one victory this week which may come back and bite them on the butt.  President Obama passed over consumer advocate Elizabeth Warren for the job of director of the new federal Consumer Financial Protection Bureau after  Senate Republicans said they would filibuster her appointment. Warren’s  crime was her fight to protect consumers from the big financial firms  that rip off working families. Today is the first  anniversary of the Wall Street Reform and Consumer Protection Act which Congress passed to curb predatory behavior by Wall Street.

Warren will return to her home in Massachusetts,  and she may run against Republican U.S. Senator and Cosmo centerfold, Scott Brown. If the GOP has any hope of taking control of the Senate next year, Brown  must win.  But polls show that Brown is vulnerable, and Brown has the chops  to show blue collar Democrats that Wall Street is the enemy of the working  families who have lost their jobs and then their homes in the wake of the great  recession, a downturn caused by big business and the bad boy bankers and  billionaires that Warren has fought to regulate.

And one last date for all you  American history buffs, Tuesday was the anniversary of the day in 1848 when a  pioneering women’s rights convention met in Seneca Falls New York.  The convention paved the way for way for women like Elizabeth Warren and  Michele Bachmann to run for office. By the way, Representative Bachman, the convention  was in Seneca Falls, N.Y., not Seneca Falls, N.H., if anyone asks.

 

By: Brad Bannon, U. S. News and World Report, July 22, 2011

July 22, 2011 Posted by | Banks, Big Business, Budget, Class Warfare, Congress, Conservatives, Consumer Credit, Consumer Financial Protection Bureau, Consumers, Debt Ceiling, Debt Crisis, Deficits, Democracy, Democrats, Economic Recovery, Economy, Elections, Financial Institutions, GOP, Government, Government Shut Down, Ideologues, Ideology, Lawmakers, Middle Class, Politics, President Obama, Republicans, Right Wing, Senate, Social Security, Tax Loopholes, Taxes, Teaparty, Wealthy, Wisconsin Republicans, Women | , , , , , , , | Leave a comment

   

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