RPC Blog

Beset by great challenges, Americans must determine freedom's future. In this crucible of liberty, America's salvation remains her free people" (Congressman McCotter, Wide Awake Pamphlet) Congressman McCotter's Pamphlet is a beacon for conservative values. I recommend it to those who are looking for answers in this difficult time. It reminds us where we come from, but also where our country needs to go. Today, we are acting like scared little children that are afraid of a thunder storm. America is wrapped up in a blanket of socialism and apathy. We are cowering in the corner hoping that our problems will just go away. Obama continues to blindly throw taxpayers money at bridges to no where and studies of the mating patterns of field mice.

There are conflicting reports as to whether Washington Democrats will remove a $50 billion bailout slush fund from their Wall Street bailout bill, but it’s a moot point. With or without the fund, Senate Banking Chairman Chris Dodd’s (D-CT) 1,408-page regulatory reform bill would empower the federal government to provide Wall Street with permanent bailouts, courtesy of American taxpayers.

Under the Dodd bill, the nation’s largest financial firms – including Goldman Sachs, President Obama’s top Wall Street ally – would be eligible for special treatment at the highest levels of government, including resolution authorities and resources unavailable to smaller financial firms.