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Is anybody else concerned that the GOP seems so dead set against reform on Wall Street?
Is this another case where the GOP has "offered" tons of great ideas, yet still continues to just say no? Fill me in! What solutions have the GOP offered other than just don't do this?
"For the most part, they have dropped arguments that the bill would perpetuate bailouts."
http://news.yahoo.com/s/ap/20100428/ap_on_bi_ge/us...
Brian, doesn't seem like that is their focus anymore.
America 101, Ok, then what kind of reform are you looking for? You can't just say, I want reform, but not say how to do it. To my eyes, it really seems as if it is only the Dems that are actually trying to reform anything. They might not be doing it perfectly, but what is the GOP trying to do other than stop it? If they came out with a great idea, I know that I would support it. But just this whole, don't do it, now's not the right time, blah blah blah. It's all just posturing. I'm sick of the posturing.
No, folks, this doesn't surprise me. I didn't say is surprised me, I said it concerns me. Reining in Wall Street is definitely the sort of thing that most Americans want, since that was one of the biggest contributing factors to our massive economic collapse, but it seems that the GOP doesn't want to stop those practices that Wall Street had during that time. Isn't that a cause for concern?
Bert: Not supporting a bill doesn't mean you are against the idea, that much I agree with, but if they are still for reform, where are their ideas about how to do it? My judgment of them being against reform seems more in that they don't seem to offer any solutions to make things better, they just so, "Nope, try again."
Bert: Not supporting a bill doesn't mean you are against the idea, that much I agree with, but if they are still for reform, where are their ideas about how to do it? My judgment of them being against reform seems more in that they don't seem to offer any solutions to make things better, they just so, "Nope, try again."
15 Answers
- oohhbotherLv 71 decade agoFavorite Answer
I'm more concerned that they have gone before the Supreme Court to get the REST of Campaign Finance reform overturned - they really really want those unlimited Corporate campaign funds.
- Scifi BoyLv 41 decade ago
It's not that they're against reform, they just don't want too much reform. Too much reform usually means too much government. I agree, the GOP went to sleep at the wheel during their watch and they have been trying to get back every since. The GOP has offered ideas, but the Democrats won't hear of it. If it isn't something that makes the Government bigger and more powerful, then the Democrat don't want to hear it. However, the GOP seems better at pointing the failures of the Democrats plan than they do promoting their own plan. I think the GOP needs to grow a backbone and be more aggressive at explaining their ideas. I think people would like their ideas if they just knew about them.
Source(s): http://mcconnell.senate.gov/public/index.cfm?p=Pre... http://mcconnell.senate.gov/public/index.cfm?p=Pre... http://mcconnell.senate.gov/public/index.cfm?p=Pre... - 1 decade ago
What makes you think that not supporting the current bill means the GOP is against financial reform.
Is it possible that they might simply not like this particular bill because it doesn't actually reform anything?
How can the major problem that drove the financial meltdown be addressed without
- reforming Fannie/Freddie
- reforming rating agencies
- reforming derivatives
- reforming the Community Reinvestment Act
- reforming lobbying Congress by Wall Street
- reforming campaign financing.
- reforming Fed reserve
I haven't seen one thing in this bill that actually addresses the problems that drove the housing collapse.
And the exact same game that was being played them, continues to be played, and this bill won't change any of it.
Nobody complained when the housing bubble
- generated huge taxes to government
- triggered home revaluations and raised property taxes to government
- banks and mortgage brokers paid taxes on their deals to government
- every house that was flipped for profit generated sales taxes to government
- the senate and house reps from BOTH parties all enjoyed receiving generous contributions from banks, mortgage brokers, and builders
- builders employed low cost often illegal workers for profit that generated taxes to government
All the players enjoyed the ride, but some how only Wall St. is vilified.
- Truth is elusiveLv 71 decade ago
The reform offered by Democrats is the same as their version of health care reform. It simply won't reform anything. Here is an idea to stop the bailouts: Maybe the SEC, a government agency responsible for regulating mergers, should reject proposed mergers that make a company "too big to fail". Instead, every bank that is foreclosed by the FDIC, a government banking agency, has their assets sold to one of the big banks that Congress complains is already "too big to fail" making them even bigger.
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- BertLv 71 decade ago
Do you actually read the articles?? Not one single article has stated the gop is against reform.
They offered up a reform plan of their own.....so why are Democrats so dead set on pushing through partisan legislation while telling everyone they want to be bipartisan?
And why are liberals too biased to recognize this?? I'm sure you haven't even taken the time to find out what Republicans offered as reform, but here you are, spreading lies and you aren't even smart enough to realize it...
- u_bin_calledLv 71 decade ago
I think this is another case where the Democrats have labeled something as "reform" knowing that their supporters will blindly accept it as such.
...as they did with Credit Card "Reform" which allowed the companies (who are big DNC donors) to increase fees for all customers, stop giving breaks based on good credit and tighten credit for all...
...as they did with Health Care "Reform" which will allow insurance companies (who are big DNC donors) to increase premiums at will because the government has basically prohibited them from managing their own risk (by managing pre-existing conditions)....Oh and let's not forget that the "reform" also handed their donors 30 million new customers who will be fined if they don't pay for the insurance...
- SplittersLv 71 decade ago
No.
Since when do people have to have solutions after saying "No"? I don't see Dems. offering up solutions to Arizona's illegal immigration problem. Napolitano actually cut back money that was going to be used to help stem it.
- ZardozLv 71 decade ago
I'm concerned, but not surprised. They are the party that are bag men and women for big business and Wall Street.
- 1 decade ago
Since when is the GOP siding with the big corporations over the common man so much of a shock?
I can't believe anyone was actually surprised by this.