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Thursday, August 22

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The Mechanics
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Democrats Wed Sep 23 2009

Financial Sector Reform Weakened by Democrats

In another powerful display of spinelessness towards the robber-barons of the US financial industry, Barney Frank and Timothy Geithner are at the forefront of weakening legislation aimed at finally setting some tough standards on lenders. It looks like Milton Friedman's ghost still haunts us, even in the actions of people that are supposed to be working for us. When will we wake up and realize that unregulated free market ideas should have been thrown in the garbage can of history long ago?

My favorite quote from this article: "We can't let the momentum for reform fade as the memory of the crisis recedes," states Geithner. Really, Mr. Geithner? If the crisis is fading, will this be another "jobless recovery", like in the 1990s? With millions of Americans still barely scraping by and with millions more without access to health care, this statement just shows how out of touch Obama and the Democratic Party is with working Americans.

 
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Dutch / September 23, 2009 11:32 AM

So I'm confused. Are you for or against the proposed legislation to create the CFPA?

Timothy Morin / September 23, 2009 12:29 PM

I'm definitely for it. My point was that once again, Democrats feign an interest in changing the system to benefit the masses, and then fall back into line when powerful financial interests pull their strings.

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Feature

Parents Still Steaming, but About More Than Just Boilers

By Phil Huckelberry / 2 Comments

It's now been 11 days since the carbon monoxide leak which sent over 80 Prussing Elementary School students and staff to the hospital. While officials from Chicago Public Schools have partially answered some questions, and CPS CEO Forrest Claypool has informed that he will be visiting the school to field more questions on Nov. 16, many parents remain irate at the CPS response to date. More...

Civics

Substance, Not Style, the Source of Rahm's Woes

By Ramsin Canon / 2 Comments

It's not surprising that some of Mayor Emanuel's sympathizers and supporters are confusing people's substantive disputes with the mayor as the effect of poor marketing on his part. It's exactly this insular worldview that has gotten the mayor in hot... More...

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Mechanics is the politics section of Gapers Block, reflecting the diversity of viewpoints and beliefs of Chicagoans and Illinoisans. More...
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