Scott Brown to Support Financial Reform Bill

Original post at 73wire.com

The Hill is reporting that Scott Brown (R-MA) will vote for the Democrats financial “reform” bill to regulate yet another segment of the economy.: :  Brown qualifies his vote:

Sen. Scott Brown (R-Mass.) announced Monday he will vote for Wall Street reform when it comes up for a final vote, all but assuring Democrats the 60 votes they need to pass the legislation.:  Brown voted for the bill when it first came up for a vote, but had opposed a provision in the conference report that would have imposed $19 billion in taxes on financial firms to pay for the bill.

That provision was taken out of the bill by Democrats to secure Brown’s support, but the Massachusetts Republican hadn’t said for sure whether it would be enough.

“I appreciate the efforts to improve the bill, especially the removal of the $19 billion bank tax. As a result, it is a better bill than it was when this whole process started,” Brown said in a statement on Monday. “While it isn’t perfect, I expect to support the bill when it comes up for a vote.”

It is especially frustrating when legislators clearly state that a bill–a potential law of the land–isn’t perfect. So, why not take the time to make it perfect?

I can only assume the next we’ll hear is about the “unintended consequences” of the bill as we have with other Democrat-drafted legislation. It’s a bit disheartening that Brown thinks this particular bill is the answer and cannot see through the con of “financial reform” by the Democrats when so many others do.

I have a checklist I keep handy from blogger Republicae:  that cites a progressive checklist–mirroring : the : Democrat power grab across the economy. There’s not much more left, is there?

1. Strong, centralized government.

2. Powerful Executive at the expense of Congress and the Judicial.

3. Government controlled banking, credit and securities exchange.

4. Government control over employment.

5. Unemployment insurance, old age pensions.

6. Universal medical care, food and housing programs.

7. Access to unlimited government borrowing.

8. A managed monetary system.

9. Government control over foreign trade.

10. Government control over natural energy sources, transportation and agricultural production.

11. Government regulation of labor.

12. Youth camps devoted to health discipline, community service and ideological teaching consistent with those of the authorities.

13. Heavy progressive taxation.: 

And there you have it. I wonder if the people of Massachusetts or around the country realize that this bill is not what it is being branded.:  A recent Pew poll outlines questions and of course, they appear very logical and garner support.:  Sort of like global warming, climate change, clean energy, I mean who wouldn’t want that, right?

Get ready for the unintended consequences.

Leave a Comment

Share this!

Enjoy reading? Share it with your friends!

Send this to a friend