Tea Partier Brown Betrays Big Business Gods to Back Finance Overhaul
Oh, Scott..How could you? Elected as a Tea Party candidate, Scott Brown has signaled that he will support President Obama’s major financial overhaul bill which passed the House on June 30 and will come up for a vote in the Senate this week. Brown’s vote would be number 59, as in 59 of the now needed 60 to pass a bill….crossing Party lines to help the people? Close to treason, if you ask me.
Although the Tea Party purports to back Main Street, their stances mimic their corporate overlords from Big Business – lower taxes on big corporations, disregard for lowered taxes for the middle class, and a seeming disdain for “socialist” programs like Medicare and Healthcare (often at odds with their signs telling “big Government” to stay outta their Medicare…sigh) – their front man and only “success” thus far, Massachusetts Republican Scott Brown, turns out to be no Tea Partier.
Yes, Scott Brown is siding against the Wall Street Republicans with the Main Street Democrats when it comes to the President’s biggest overhaul in banking regulations since the Great Depression. The bill will give regulators the ability to avoid federal government bailouts, which you would think would be a Tea Party goal since they claim to be angry about the “bail outs”, which they also conveniently blame Obama for, but which in reality were Bush’s babies, though the Detroit bail out was definitely supported by both and enacted by Obama.
So, President Obama is trying to regulate the banking industry and avoid further government bail outs. Sounds like a Socialist to me. Standing up for the people. Yeah, that President. The one the media keeps telling you is plummeting in the polls. Uh huh.
I’d’ suggest that we cure the hue and cry of angry “Small Government” Tea Partiers the country wide, only I’ve noticed that they have an amazing capacity to ignore reality. Rose colored glasses for their erstwhile heroes. These are the same 23 percenters who still supported George Bush, so this should not come as a shock. But still….
““Scott Brown has demonstrated how bipartisanship is supposed to work,” Dodd, a Democratic senator from Connecticut, told the Herald. “When he had concerns about the bill, he worked with members of both parties to see that they were addressed.”
But conservatives who backed Brown in the special election are far less enthusiastic.
“I’m looking at the ‘Scott Brown’ bumper sticker on back of my car and having serious doubts (about him),” said Christen Varley, who as president of the Greater Boston Tea Party opposes more government regulation. “We’ll all have to independently make a decision in 2012 whether we’ll support him again.””
Ut-oh, Scotty. You’re not supposed to actually be working for the people. Didn’t you get the memo? Obstruct and stall, baby, that’s the name of the game. Mustn’t support a man who wants to put an end to one of the major causes of the Great Recession.
The National Journal quotes Brown as saying:
“While the bill is not perfect, it includes “safeguards to help prevent another financial meltdown, ensures that consumers are protected, and it is paid for without new taxes.”
Brown praised negotiators for dropping a pay-for that would have imposed an $18 billion fee on large financial firms. Instead, the package will end the $700 billion Troubled Asset Relief Program early and boost the minimum premiums that large banks have to pay into the FDIC’s insurance fund to comply with pay-as-you-go budget rules.
“As a result, it is a better bill than it was when this whole process started,”
The rest of the Republican Party (save possibles Olypmia Snowe (R-Maine and Chuck Grassley R-IA) is claiming they can’t support the bill because of “budget gimmickry.” Apparently the lower taxes and increase spending Republicans are now against “budget gimmickry”. When they’re in charge, they don’t mind leaving wars off of the budget all together and not paying for the largest entitlement program in years, Medicare prescription benefits, but it seems like when they’re not in power, they find Fiscal Religion. Go figure.
Of course, we have the lone Dem Sen. Russ Feingold (D-WI) who’s holding out. Nothing like betraying the people, Russ.
We really need to thank those Tea Partiers for all of their help in pushing Scott Brown. In turning his back on partisan rhetoric, Scott Brown might just help the Democrats and President Obama save Main Street. Brown is willing to break with the Republican Party in order to do what’s right for his country. That’s called patriotism and the Republicans would do well to pay attention to the Junior Senator as he shows them how to do their jobs.
Ms. Jones is the co-founder/ editor-in-chief of PoliticusUSA and a member of the White House press pool.
Sarah hosts Politicus News and co-hosts Politicus Radio. Her analysis has been featured on several national radio, television news programs and talk shows, and print outlets including Stateside with David Shuster, as well as The Washington Post, The Atlantic Wire, CNN, MSNBC, The Week, The Hollywood Reporter, and more.
Sarah is a member of the Society of Professional Journalists.