Friday, November 05, 2010

One might ask, why would Bernanke release $600 billlion to Wall Street?

Wall Street is preparing for the change in chairmanship of the House Committees, especially, that of the House Financial Services Committee (click here).

The Plutocratic House Leader of the Finance Services Committee will be Spencer Bachus.  He has already written a letter to weaken the legislation passed to regulate Wall Street.  He wants to destroy the legislation and stop the Consumer Protection Office.

THE EXCUSE Bachus is using is that it will create jobs.

NOT.

The monies released by the Fed is all about liquidity for venture capitalists that trade currencies, etc.  They want to roll all the constraints back to Bush Era DEREGULATION and the Plutocrats that paid for this overturn of the House are waiting !!!



What will stop this travesty? 

The Democratic Senate and the President's VETO.

Imagine having 'raw recruits' in 118 Tea Baggers and leading them around by the nose.  The Tea Baggers are about social conservatism which has nothing to do with good government, they don't know squat about how effect job growth.  Let's face it, they are lead by a former Governor that provided TWO YEARS of service before the tempation of wealth swept her into 'cash cow' of political deception of the electorate facilitated by Murdoch.