Give Us Our Money Back. We’ll Fix It!

By Frank Salvato —— Bio and Archives September 30, 2008

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The ultimate example of opportunistic politics before good government was displayed in Washington over the past several days. Political operatives from both sides of the aisle did everything in their power to create a government-based solution to the financial crisis facing our country; a government-created problem. In the end the US House of Representatives voted down the highly contentious Wall Street bailout bill mostly due to the fact that we are within the 30-day window when voters do not forget actions taken by their elected officials. If only the public’s attention were always so focused.

In the end 90 House Democrats joined with 133 House Republicans in an effort to stop a measure that would have seen the biggest expansion of government in US history. In effect, it would have placed the coyote in charge of the hen house. Many in our citizenry viewed the now-dead proposal as a "no fault" measure that would have allowed those responsible for this financial malfeasance to escape culpability and with good reason. Watching US Rep. Barney Frank (D-MA) and US Sen. Chris Dodd (D-CT) – along with their leadership, Nancy Pelosi (D-CA) and Harry Reid (D-NV) and Senior Senator from New York, Charles Schumer – harangue about how Democrats were taking the lead in crafting “bi-partisan” legislation to “rescue” the average American from the evils of Wall Street was the ultimate exercise in political hypocrisy. More...