Tea Party Groups Protest Financial Reform

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Thursday, March 04, 2010 at 8:55 am

Tea Party Nation blasted out an email asking its Tennessee members to protest Sen. Bob Corker (R-Tenn.) and stop financial reform legislation — which conservatives have done a lot to define, under the radar, as some sort of socialist scheme.

Senator Bob Corker (RINO-TN) has announced there is a compromise with Chris Dodd (read that as a total Republican surrender) that will allow financial regulation to go forward.

This will include:

  • Making the major players in the financial sector “too big to fail”
  • Authorizing the Federal Reserve to provide as much as $4 Trillion dollars the next time Wall Street crashes.
  • Allows the government to back financial firms’ “debts”
  • Creates a Board of Regulators to “spot” financial risks.  (Could this be made of the same group of geniuses who missed all of the signs that led to this financial crisis?)

These are just the details we know about.

There’s actually some discussion going on inside Tea Party groups as to whether it’s worth continuing to hammer on health care or whether its fate is sealed and it’s important to pre-define the financial reform and energy fights. Here’s an example of moving on — Tennessee, after all, is home to two retiring Democratic congressman who may switch their “no” votes to “yes” votes and save health care reform.

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Comments

12 Comments

julian530
Comment posted March 4, 2010 @ 9:45 am

Tea Partiers-Dumber than a box of rocks. We need regulation reform or we will be right back where we are every ten to twenty years. Can we really afford to be weakened this way.


NRafter530
Comment posted March 4, 2010 @ 10:08 am

and here I thought these nutters were angry because they hate Wall St. So much for the tea parties being representative of populist rage.


Kathi
Comment posted March 4, 2010 @ 10:31 am

You really think Tea Party members can only focus on one concern at a time? That's insulting.


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Comment posted March 4, 2010 @ 10:49 am

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hello01589
Comment posted March 4, 2010 @ 10:49 am

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webcelt
Comment posted March 4, 2010 @ 11:53 am

The article makes it plain that's a discussion going on inside the tea parties. You might ask their leadership whether that's a sign of the regard they have for supporters.


julian530
Comment posted March 4, 2010 @ 2:45 pm

Tea Partiers-Dumber than a box of rocks. We need regulation reform or we will be right back where we are every ten to twenty years. Can we really afford to be weakened this way.


NRafter530
Comment posted March 4, 2010 @ 3:08 pm

and here I thought these nutters were angry because they hate Wall St. So much for the tea parties being representative of populist rage.


Kathi
Comment posted March 4, 2010 @ 3:31 pm

You really think Tea Party members can only focus on one concern at a time? That's insulting.


webcelt
Comment posted March 4, 2010 @ 4:53 pm

The article makes it plain that's a discussion going on inside the tea parties. You might ask their leadership whether that's a sign of the regard they have for supporters.


neverfull mm
Comment posted August 30, 2010 @ 9:00 am

Tea Party members can only focus on one concern at a time? That's insulting.


paul
Comment posted November 6, 2010 @ 8:19 pm

bob corker is a bootlicker for the federal reserve pukes , blocked ron pauls bill to audit the federal reserve these banksters puppett corker supports thats enslaved our nation with det , voted for the patorit bill that would harm americans as terriosts if even the goverment thought u was no warrent no trial never here from u again this is bob trash corker this traitor of the american people


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