Op-Eds
By KEITH ELLISON
The Wall Street Reform and Consumer Protection Act before the U.S. House of Representatives will mark the end of an era -- the end of lax financial regulation, deregulation, predatory mortgage lending and bank bailouts.
Tune in to C-SPAN
Thursday, December 10, 2009
9:30 AM Eastern/8:30 AM Central
Witnesses:
Washington, D.C. – Congressman Keith Ellison (D-5th Congressional District) voted for landmark health care legislation that passed the U.S.
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By Keith Ellison
By KEITH ELLISON
As the financial tsunami of 2008-09 hit titans like Merrill Lynch, Lehman Brothers and Bear Stearns, millions of middle-class Americans were dragged out in the tide with no bailout. For these folks, the American dream of home ownership, and borrowing generally, washed up on the shores of a financial disaster -- the most serious since the Great Depression.
The current attack on the public option as "government run" health care is a completely wrong-headed argument. First off, let's remember that government in a democracy is a good thing. Besides, with a public option, government does not "run" health care--government makes sure that everyone gets health care. Being against the public option is like wanting government out of Medicare.
On August 26th, 2009, we celebrated Women’s Equality Day, the eighty-ninth anniversary of women gaining the right to vote.
So, my friends, what were we thinking? Did we really think that extending health care coverage to all Americans would be easy? Did we really believe that those who reap g'zillions of bucks from our 'health' (read 'sick') care system were going to give it all up without a fight? Of course those who benefit from the status quo are attacking the Public Option.