When the last vestige of the Kennedy political machine lost the liberal lion, Ted Kennedy’s US Senate seat was transferred to rookie politician Scott Brown. Brown’s performance as the junior senator from Taxachusetts may be the only transparency in Washington, DC.
A laughable commentary at Salon might serve as the liberal take on the subject given Brown’s negotiation with the majority party, his campaign finance sources and the status of financial legislation pending in Congress.
Let the mockery begin. Mere moments ago, I was urging Democrats to go on the attack, and make it clear that Republicans simply aren’t serious about governing. But as it stands now, the Dems are folding without a fight. The Republicans might not be serious, but the Democrats are simply incapable.
That excerpt is from a diatribe on so-called Wall Street reform and the author’s frustration about Scott Brown impeding the liberal agenda.
The take from WaPo features some quotes from the junior Senator.
Brown said in a statement Monday that he was “surprised and extremely disappointed” by the proposed assessment. “While I’m still reviewing the bill’s details, these provisions were not in the Senate version of the bill which I previously supported,” he said. “My fear is that these costs would be passed onto consumers in the form of higher bank, ATM and credit card fees and put a strain on lending at the worst possible time for our economy. I’ve said repeatedly that I cannot support any bill that raises taxes.”
Too often POLS of one stripe who successfully seek office in an area dominated by the other stripe become double agents and in the case of Republicans, RINOs. Part of a report from Forbes on this topic makes the point.
Some of the biggest contributors to his campaign committee include political action committees and employees associated with FMR (think Fidelity Investments), Bain Capital, Credit Suisse Group and Barclay’s, according to the Center for Responsive Politics. Whether it’s regarding constituents or campaign contributors, Brown has quickly learned in Washington that it’s not smart to bite that hand that feeds you.
As with health care reform, don’t expect the Massachusetts Republican to derail financial regulatory reform. But he’s certainly making life difficult for Democrats.
The writer from Salon must not have considered the oldest ploy in politics. Your contributors are your masters. Brown has no interest in being conservative. He is acting on behalf of Massachusetts’ employers and his largest campaign donors. As Forbes suggests, he will not torpedo liberal Wall Street legislation. He will just play conservative long enough to get what he wants…. re-elected.
If there are any conservatives in Massachusetts they need to find a replacement for Scott Brown next time around.
As for the other members of the Senate who voted against others in their respective political party the five have their stated reasons.
U.S. Senator Maria Cantwell (D-WA) voted against the Senate version of a financial regulatory reform bill, saying it did not close potentially dangerous loopholes in the derivatives regulations.
Leave it to Russ Feingold to tie his vote to a plausible explanation that would play well to voters whether liberal or conservative. That may explain why he has been re-elected. Casual voters do not detect the ruse. And of course, liberals only vote for liberals. The following is Senator Feingold’s stated reason for voting against the bill.
“The bill does not eliminate the risk to our economy posed by ‘too big to fail’ financial firms, nor does it restore the proven safeguards established after the Great Depression, which separated Main Street banks from big Wall Street firms and are essential to preventing another economic meltdown. The recent financial crisis triggered the nation’s worst recession since the Great Depression. The bill should have included reforms to prevent another such crisis. Regrettably, it did not.”
Brown voted for the bill because Dems said they would give him what he wanted.
Grassley voted for the bill because his amendments were passed.
Collins voted for the bill because her amendments were passed.
Snowe voted for the bill because her amendments were passed.
Feingold and Grassley face re-election this year. Brown, Cantwell and Snowe face re-election in 2012 and Collins in 2014. It is easy to believe Feingold opposed the bill to please conservative voters in the liberal-leaning state of Wisconsin while Grassley supported it to please the liberals in Iowa. Brown supports it with conditions his state gets perks in the bill. Collins and Snowe are well-known RINOs and their support for the bill was expected as well as for the rest of the liberal agenda. Cantwell is a liberal in a liberal state. Who knows if her stated reason is genuine?
If you follow the link below and click on the bill number there are reports available including the minority view (GOP) on the legislation considered. These are statements offering compelling arguments in opposition to the proposed legislation. Something many people probably do not read (but should).
Roll Call Vote for H.R. 4173 (Wall Street Reform and Consumer Protection Act of 2009 )
This blog has frequently published items that include the sentiment of ‘throwing the bums out’. Some of what is discussed in this post gives rise to that rallying cry again. The legislative process serves the legislators and not the voting public. Bills that produce thousands of pages and much lawyer speak as well as the hideous phrase ‘and for other purposes’ suggest most legislation is bad. And it is.
The public needs to push elected officials to change the process. All bills should be limited in scope and effect. This would reduce the time necessary to determine whether or not a bill has merit and eliminate much of the charade that allows politicians to game the system. And the public would not be burdened by results of poor legislation that only serves the POLS and those whose financial support aids in their re-election. That merely allows this flawed arrangement to continue indefinitely.
Stanford Matthews
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