Archive for February 26th, 2010

by jhwygirl

Reader’s may recall this previous 4&20 post on the lies broadcast around our state by The Committee for Truth in Politics. The ads misrepresented what proposed finance reform measures do – and pushed for calls to Senator Tester (who sits on Senate Banking and Finance) to “stop the bailout.”

There is no bailout in the finance reform bill.

Tester’s pretty fiscally conservative. I just watched him vote no on some bill that would spend $10 million or something like that on promoting an increase in U.S. tourism, or something like that. Tester doesn’t like to spend money, as he’s repeatedly shown and he is NOT going to vote for anything that is going to have the taxpayers bailing out any bank.

The bill? The bill has been writtento avoid this bailout criticism. It insists that failed institutions be dissolved and their creditors take a bath, rather than that they be propped up and repaid.

Tester lasthed out at the ad and the secret organization behind the ads. Talk about truth in politics, right?!

Who can understand these folks? They don’t like what’s happening, but they don’t support any change. It’s insane, really.

Now Americans for Financial Reform and Americans United for Change have stepped up with counter ads, supporting Tester in his strong support for real reform.

Heather Booth, Executive Director of Americans for Financial Reform has this to say about her mission: “Financial reform is about fairness and accountability. Those critics who offer no solutions and want to continue the same failed policies are doing the bidding of the big banks, Wall Street, and CEOs who want more of the same — taxpayer funded bailouts, obscene bonuses, and policies that take advantage of families and small businesses. Sen. Tester recognizes this and has been out front, not only pushing for comprehensive reforms, including a strong independent Consumer Financial Protection Agency, but has also been instrumental in pushing back against these lies. We applaud his work and hope all Montanans will reach out and do the same.”

I do have high expectations here with Sen. Tester and finance reform. The very core of our economic health is what is at stake. Tester, a farmer, is a non-nonsense guy when it comes to finance. I can’t expect he has much stomach for banking shenanigans, nor do I expect him to have much patience with anything less than reform that ensures that banks suffer soley from their bad behaviors.

America should no longer stand by while banks walk of with the contents of the safe, while leaving its citizens left holding the bill.

Please continue to contact Sen. Tester and tell him that you support finance reform efforts. Don’t let all those ill-informed corporate tools be the only ones calling on Tester.

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