Thursday, July 15, 2010

Financial Reform and Scott Brown

I was disappointed to hear Scott Brown sided with them on this financial reform. Just goes to show that not only to we need to vote out the lazy "you-don't-actually-expect-us-to-read-the-bill-do-you?" and "let's spend more to get out of debt" types, but we need REAL conservatives. Those that will cut spending or cut back on government. Granted, Scott Brown may have been better than the alternative, but we need to stop voting for the lesser of two evils. We need to get some people in Washington that actually want to represent us first ahead of their career.

Back to the financial reform - no doubt we need it, but government isn't the way to do it. They have no business regulating Wall Street, no matter how harmless it may seem. This bill was co-authored by Barney Frank and Chris Dodd. If those two names don't send up alarm bells, I'm not sure what will. Those two are always up to something and it's never pretty. This Pelosi/Reid/Obama/Frank/Dodd crowd is only after one thing and it's not hope, change or helping anyone out. It's usually about power and how they can it away from us. And with swine like Frank & Dodd crafting a bill, you can almost be sure it'll come with a nice heaping side of pork.

Pork like this little tidbit, which I have no idea of how it pertains to "financial reform":

"Section 342 of the bill calls for an "Office of Minority and Women Inclusion" to be established in each of 29 federal bureaus and offices."

Seems like it calls for a sort of affirmative action for jobs? It even goes further:

"The regulations appear to go beyond ensuring that discrimination in hiring decisions does not occur. Instead, it requires assurance of "fair inclusion." Furchtgott-Roth says it will pressure companies to find and hire minorities even if one hasn't applied for a specific job."

"FIND minorities even if one hasn't applied for a specific job"??? WTF? So 30 qualified people apply for a job and it just so happens that none of the are classified as a minority. So that means the company will turn away all of the candidates that applied, leave the job open and go out to find a random minority, just to fill a spot?

And even though as a woman, I'm apparently included into this whole deal, but I want a job that I'm qualified for - not because I was the first woman the hiring manager ran into at the supermarket. How insulting is that?! And what the hell does this have to do with financial reform?

Oh I get it now - this affirmative action rule isn't for all companies, it's just for federal offices and other financial-related companies that do business with them. That includes:

"29 federal agencies and all financial institutions, investment banking firms, mortgage banking firms, asset management firms, brokers, dealers, financial services entities, underwriters, accountants, investment consultants, and providers of legal services who do business with them."

And let's not forget those firms' sub-contractors as well - "including office-cleaning crews, paper-shredding vendors, office-party catering firms -- if they wish to do business with the government."

Well, okay, so I stand corrected. That's kind-of sort-of financially related in a Seven Degrees of Separation sort-of way... No idea of how that's supposed to help the financial institutions, other than making them go bankrupt. But if you think about it, I guess it could be considered "reform", although it's certainly not the good kind...

I know I don't want to do business with a company who hires based on race or gender, rather than based on qualifications. Certainly don't want someone handling my money like that. Shameful that the government is forcing them to and probably only so they can keep saying how many jobs they've "created or saved".

If the NAACP wants to stop racism, they should focus their attention at this bill, instead of wasting their time making up stuff about the Tea Parties.


LL said...

Great blog post. And very appropriate for this time in our history where we need to decide what needs to be kept and what needs to be set aside.

Fuzzy Slippers said...

Awesome post, and yes, Brown is very disappointing, but he's up for reelection in 2012, and there's already buzz about running a Tea Party guy against him. I'm for it.

Hazaa Blue-Eyes said...

Thanks, guys! :)

LL, I agree. That's the only way we're going to make it out of this mess. We (and Washington) needs to get our priorities straight.

Fuzzy, glad to hear he won't be there long if he keeps up voting with Snowe and Collins.Still - two years is still far away.

Meghan said...

If you're interested in hearing more on what Barney Frank has to say about the bill, he'll be discussing it with Charlie Rose tonight on Bloomberg Television. There's a brief preview of the interview posted on Facebook. If you'd like to check it out, visit:


Fuzzy Slippers said...

I can't help it, Haaza, but Meghan's hilarious. Yeah, I'll be tuning in to listen to Frank burble unintelligibly (and intelligently) about that bill. Sure thing. I'm sure he'll be addressing his role in the financial collapse.