Monday, June 28, 2010

Go, Russ, Go....

There are many things to like about Senator Feingold. He has been right on most every big issue in his Senatorial career. He voted against the war in Iraq and the Patriot Act (the only member of the Senate who opposed both), opposed NAFTA, GATT, supports a single payer health care system, and is a hero on banking reform (on the current watered-down bill and the repeal of the Glass-Steagall Act).  He would make a wonderful antidote to the Obama Presidency in the 2012 Democratic primaries.

The saddest part is, and the aspect of this bill that worries me the most, if there is no stopping derivatives trading, and it is $600 trillion worth of assets and trades in a world economy of $60 trillion, it is going to fail and fail miserably--and when it fails we will have only ourselves to blame because we allowed these same banks who have gutted and destroyed our economy to get away with lobbying the White House and a Democratic Congress with removing the more useful aspects of this bill.*

Now, compare someone like Russ Feingold to those Senators who "play ball," like Joe Lieberman, Mary Landrieu, and Ben Nelson (all repositories of countless donations from the banking and insurance lobbies). I know of no one else in the Senate who has been right more often on principle alone. Indeed, he is the only one, which is remarkable and illustrative of the corrupting role of money on the political process.

And just think, this year will be the first elections in which corporate money is completely legal tender in political campaigns (at least for the first time since the Tillman Act was passed). Juno help us.

*=To Rep. Collin Peterson, may the bankers' money you are scraping your knees for to kill Senator Lincoln's derivatives amendment of the currently floundering banking bill come back and swallow your bank account with a horde of locusts.

No comments: