Politics

House Republican Leader Boehner and GOP Continue to Stand With Wall Street, Not Middle Class

By Speaker's Press Shop

Congressional Republicans continue to call for a rollback of Wall Street reforms ? leaving the financial security of American families at risk due to the recklessness of Big Banks and Wall Street executives, whose actions led to a meltdown that cost 8 million jobs and $17 trillion in household wealth.

Yesterday, in an appearance on CBS?s ?Face the Nation,? House Republican Leader John Boehner delivered industry talking points and forgot all about the middle class. He stated that Wall Street reform ?puts the government in charge of — of making decisions about how our financial services sector is going to work.?

These scare tactics echo the sentiments of Wall Street lobbyists, and run counter to the needs of the American people.

Mr. Boehner has made a habit of meeting with special interest lobbyists in an effort to defeat tough consumer protections and Wall Street reform. As the New York Times states:

House Democrats were preparing late last year for the first floor vote on the financial regulatory overhaul when Representative John A. Boehner of Ohio and other Republican leaders summoned more than 100 industry lobbyists and conservative political activists to Capitol Hill for a private strategy session.

Despite Republican opposition to the bill, a USA TODAY/Gallup poll released today, reveals that a majority of Americans (61 percent) approve of the Wall Street Reform and Consumer Protection Act ? tough legislation that puts consumers first, holds Wall Street and Big Banks accountable, ends the Bush era of taxpayer-funded bailouts and ?too-big-too-fail.?

Full post as published by The Gavel on September 13, 2010 (boomark / email).