Tuesday, July 13, 2010

Russ Feingold Voting No, Is He Right?

Is Russ Feingold doing the right thing by voting against the Dodd-Frank Wall Street Reform and Consumer Protection Bill?

"It doesn't do the job, and I'm not going to be part of a basically defrauding the American people into thinking it does," said Feingold. 

His stance is going against his party's hopes of passing the bill, but it also shows that Feingold is also willing to vote against his party when his vote means the difference between a bill passing or not passing.

The reform bill isn't progressive enough because the bill doesn't deal with Fannie Mae and Freddie Mac and doesn't protect consumers from car dealerships. 

The bill is a start in the right direction, but it isn't good enough for Russ Feingold. In the past, Russ Feingold voted against repealing the Glass-Steagall law and he voted against giving Wall Street bailout funds. He wants to see more regulations put on Wall Street and he is willing to vote against a bill that doesn't really doesn't fix the problem and only creates a bigger tax burden--thanks to Senator Scott Brown getting his way.

You can read the highlights of the Dodd-Frank Wall Street Reform and Consumer Protection Act and see if Russ is making the right choice. 


You can also read a blog post on The Nation about Feingold's fight to get more reforms put in the bill. 

No comments:

Post a Comment