The Political Pendulum

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In 1999 the republicans sponsored a bill, that was backed by McCain, called The Gramm-Leach-Bliley Act that removed depression era safeguards from reckless capitalists.  Biden opposed it, McCain didn’t.  The Gramm-Leach-Bliley Act has been widely ackowledged amongst economists as the leading contributor to the exploitation of unstable Sub-Prime markets which has led to our utter ruination.

By the way, here’s the voting role call:

 Grouped By Vote Position

YEAs —54
Abraham (R-MI)
Allard (R-CO)
Ashcroft (R-MO)
Bennett (R-UT)
Bond (R-MO)
Brownback (R-KS)
Bunning (R-KY)
Burns (R-MT)
Campbell (R-CO)
Chafee, J. (R-RI)
Cochran (R-MS)
Collins (R-ME)
Coverdell (R-GA)
Craig (R-ID)
Crapo (R-ID)
DeWine (R-OH)
Domenici (R-NM)
Enzi (R-WY)
Frist (R-TN)
Gorton (R-WA)
Gramm (R-TX)
Grams (R-MN)
Grassley (R-IA)
Gregg (R-NH)
Hagel (R-NE)
Hatch (R-UT)
Helms (R-NC)
Hollings (D-SC)
Hutchinson (R-AR)
Hutchison (R-TX)
Jeffords (R-VT)
Kyl (R-AZ)
Lott (R-MS)
Lugar (R-IN)
Mack (R-FL)
McCain (R-AZ)
McConnell (R-KY)
Murkowski (R-AK)
Nickles (R-OK)
Roberts (R-KS)
Roth (R-DE)
Santorum (R-PA)
Sessions (R-AL)
Shelby (R-AL)
Smith (R-NH)
Smith (R-OR)
Snowe (R-ME)
Specter (R-PA)
Stevens (R-AK)
Thomas (R-WY)
Thompson (R-TN)
Thurmond (R-SC)
Voinovich (R-OH)
Warner (R-VA)
NAYs —44
Akaka (D-HI)
Baucus (D-MT)
Bayh (D-IN)
Biden (D-DE)
Bingaman (D-NM)
Boxer (D-CA)
Breaux (D-LA)
Bryan (D-NV)
Byrd (D-WV)
Cleland (D-GA)
Conrad (D-ND)
Daschle (D-SD)
Dodd (D-CT)
Dorgan (D-ND)
Durbin (D-IL)
Edwards (D-NC)
Feingold (D-WI)
Feinstein (D-CA)
Graham (D-FL)
Harkin (D-IA)
Inouye (D-HI)
Johnson (D-SD)
Kennedy (D-MA)
Kerrey (D-NE)
Kerry (D-MA)
Kohl (D-WI)
Landrieu (D-LA)
Lautenberg (D-NJ)
Leahy (D-VT)
Levin (D-MI)
Lieberman (D-CT)
Lincoln (D-AR)
Mikulski (D-MD)
Moynihan (D-NY)
Murray (D-WA)
Reed (D-RI)
Reid (D-NV)
Robb (D-VA)
Rockefeller (D-WV)
Sarbanes (D-MD)
Schumer (D-NY)
Torricelli (D-NJ)
Wellstone (D-MN)
Wyden (D-OR)
Present – 1
Fitzgerald (R-IL)  
Not Voting – 1

Watching Obama’s speech today, where he took apart McCain like a surgeon removing an odious, bile filled, tumor, I noticed a tenor from the commentators that favored the Dem’s.  The fact is is that the media outlets are in business of make money from advertisers.   News is a byproduct to generate revenue streams from marketing.  In such a decrepit financial market businesses are pulling their purse strings shut and that usually means the advertising dollars are the first to go.  media outlets are publicly traded and they are coming to terms with the fact that McCain and Pain will equate to further financial ruin of the country.  Putting money in the pockets of the middle class, in the form of tax breaks, gives us buying power to buy consumable products.  When we don’t have jobs and are broke because we can’t even draw upon our home equity anymore, it;s time for change.  The corporate owned media is serving it’s own interests, but the penny has finally dropped that McCain and Sassy Sally will destroy this economy if they get in.