Is the GOP really trying to repeal Wall Street reform?

When I was first informed that the GOP ordered an emergency meeting not for job creation but to vote on restricting funding for National Public Radio (NPR), I was shocked that all the promises to concentrate on jobs and as yet not one bill addressing it.  I didn’t think that I could be shocked by anything else that the GOP would do.  I was wrong.

According to Meredith Shiner’s article titled GOP begins rollback of Wall St. reform, the one thing which is unquestionably the best law made to keep this nation from ever going through what it has involving the economy now appears to be under fire similar to healthcare.  Republicans clearly want to strike at the heart of banking reform with legislation attacking new regulations on derivatives, credit rating agencies and private equity firms.”  “In a two-pronged approach that began with starving funds from relevant federal agencies like the Treasury, Securities and Exchange Commission, and Commodity Future Trading Commission, the GOP now has launched into the symbolic phase of floating repeal legislation favored by the banking lobby.”

Because the GOP has really no one to fear when it comes to being held responsible for allowing the rich to keep their unearned tax breaks, hijacking collective bargaining, cutting education and senior programs or any other programs aimed at the less fortunate among us, they can afford to take major swings like this.  They have no fear because the polls that they seem to be reading seem to show that the majority of Americans believe in everything that they do.  I would hate to think that they are wrong and in 2012 be evicted from office and deposited back into the wilderness again.  Along the same frame though, I also hope that democrats and independents have also learned that every election has consequences and when you take a break from getting involved in your government, your government can also take a break from serving you.  It’s a matter of which is more important, Wall Street or Main Street and contrary again it is not totally up to those we send to Washington or State Offices to decide.  The ultimate responsibility is ours, it’s a freedom that many fought and some died so that we can have and because of that, it is our obligation to them to use it or lose it.

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