[original post 5/13/2010]
The financial reform bill is finally in its home stretch in the Senate, but Americans have yet to fully engage on the issue. In fact, in recent weeks as I’ve worked with various grassroots leaders across the country to discuss the bill, its impacts on our economy and on us as American citizens, I must admit, it’s probably the first time I’ve ever found myself frustrated at the progress of activism.
It’s a complex issue, and let’s face it, not exactly an exciting one either. But that’s precisely what the left is counting on. So, whenever I find myself feeling frustrated that others might not share my same level of fervor on the issue, I remind myself of its complexity and lackluster appeal. And then, I proceed directly to the source – the bill itself.
I hone in on a few key points in three categories that resonate with most activists I know: Big Labor, Big Government, and Big Brother. Put those together in the context of Big Banks, and they spell out big disaster.
As the left goes on demonizing Wall Street and big bankers on one hand, Democratic lawmakers on the other hand are busy making sweetheart backroom deals with them up on Capitol Hill, promoting their legislation to the public as “consumer protection.” But really, such measures are nothing more than payback to the likes of three-way mortgage entitlement partnership stronghold of the Bank of America, Center for Responsible Lending and Fannie Mae.
Meanwhile Democrats and Obama allies like Organizing for America are also using the issue as a shameless fund-raising opportunity.
The banks actually SUPPORT this bill – so don’t let that “Main Street Not Wall Street” message fool you, no matter which side of this issue you’re on.