Monday, April 26, 2010

Kyl and McCain abandon average Arizonas for Wall St. bigwigs

Yeah, they served this one up like a BP fastball during baseball's homerun derby so it doesn't seem fair to hit it out of the park.

Too bad.

Earlier today, the U.S. Senate failed to invoke cloture (limit debate) on financial reform. The bill is something that Wall St. interests have been working diligently with the Republicans in the Senate to beat back. (AP coverage, via Yahoo! News, here)

Today, all of the Senate's Republicans, including Arizona's Jon Kyl and John McCain, and one Democratic defector (Ben Nelson of Nebraska) teamed up to put Wall Street's interests before that of Main Street's.

This is nothing new from the McKyl brothers, but it is still a little disappointing and more than a little surprising. In this year where the only people held in lower esteem than long-time elected officials (you know, like Senators McCain and Kyl) are Wall Street executives, this should have been an easy call for our Jon and John.

OK, it probably *was* an easy call for them - both have well-documented histories of placing the interests of deep-pocketed donors above the interests of the people they were sent to D.C. to represent.

1 comment:

Thane Eichenauer said...

Given that the government has failed to maintain a solvent FDIC version 1, I have no faith in the government to create a FDIC version 2 that will work any better.

The FDIC needs to be scrapped.