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Dems to Offer Financial Regulation Bill

Posted in Main Blog (All Posts) on March 13th, 2010 5:51 am by HL

Dems to Offer Financial Regulation Bill
Democrats said on Thursday that they would go it alone in an effort to pass an overhaul of financial regulation, increasing the likelihood of a bitter partisan showdown. The chairman of the Senate Banking Committee, hoping to break a months-long logjam on the biggest overhaul of financial regulations since the Depression, will unveil his own proposal on Monday, without yet having a single Republican endorsement.

8 Responses to “Dems to Offer Financial Regulation Bill”

  1. AS Says:

    The President needs your help to send Rush Limbaugh to Costa Rica, once and for all.

    If we provide enough support Christian Patriots can also ship Glenn Beck along with him. On his show this week, Glenn Beck asked Christians to curse Jesus.

    Visit: http://my.barackobama.com/page/content/finalmarch-day3

    To support your candidates that support healthcare, visit: http://www.actblue.com

    Also, help promote Connie Saltonstall’s candidacy by making a minimum $5.00 donation at: http://www.actblue.com/entity/fundraisers/24052

  2. AS Says:

    HELP SEND RUSH LIMBAUGH TO COSTA RICA AND MOVE HEALTHCARE FROM THE HINTERLANDS OF GLENNBECKISTAN AND RUSHLIMBAUGHSTADHT
    Tell Republican Obstructionists and DINO’s that mainstream conservatives support healthcare reform now. The issue of Tort reform is moot. In Texas where there are the most stringent Tort Reform laws, so-called defensive diagnostic tests are on the rise. Insurance rates have increased with no end in sight, and Texas has 6 million uninsured middle class working Americans.

    Tell Republican and DINO Congressmen that we want negligent errors by Doctors decreased. Innocent Americans who go to Americas hospitals for treatment should not be limited in judicial recourse due to doctors’ errors. Most doctor errors are preventative: washing hands to prevent infections. All liability cases are brought to court in the most severe circumstances such as operating on the wrong side of the patients’ body. In Congressman John Murtha’s case, it was a snip of his intestines during a routine bladder surgery that cost him his life. Should his family be prohibited from financial recourse due to so called tort reform?

    I oppose my party on this issue because I have seen my insurance rates go from a deductible of $1200 in 2006 to $3600 in 2010. I have never filed a medical claim. That is why I urge our silent majority of conservatives to let Congress know that we are CONSERVATIVES FOR HEALTHCARE REFORM NOW!
    CALL ALL THE SENATORS IF YOU ARE TIRED OF RISING INSURANCE RATES.

    Daniel Akaka, Hawaii (HI) 202-224-6361
    Max Baucus, Montana (MT) 202-224-2651
    Evan Bayh Indiana (IN) 202-224-5623
    Mark Begich, Alaska (AK) 202-224-3004
    Michael Bennet, Colorado (CO) 202-224- 5852
    Jeff Bingaman, New Mexico (NM) 202-224-5521
    Barbara Boxer, California (CA) 202-224-3553
    Sherrod Brown, Ohio (OH) 202-224-2315
    Roland Burris, Illinois (IL) 202-224-2854
    Robert Byrd, West Virginia (WV) 202-224-3954
    Maria Cantwell, Washington State (WA) 202-224-3441
    Ben Cardin, Maryland (MD) 202-224-4524
    Thomas Carper, Delaware (DE) 202-224-2441
    Robert P. Casey, Jr., Pennsylvania (PA) 202-224-6324
    Kent Conrad, North Dakota (ND) 202-224-2043
    Christopher Dodd, Connecticut (CT) 202-224-2823
    Byron Dorgan, North Dakota (ND) 202-224-2551
    Richard Durbin, Illinois (IL) 202-224-2152
    Russell Feingold, Wisconsin (WI) 202-224-5323
    Dianne Feinstein, California (CA) 202-224-3841
    Al Franken, Minnesota (MN) 202-224-5641
    Kirsten Gillibrand, New York (NY) 202-224-4451
    Kay Hagan, North Carolina (NC) 202-224-6432
    Tom Harkin, Iowa (IA) 202-224-3254
    Daniel Inouye, Hawaii (HI) 202-224-3934
    Tim Johnson, South Dakota (SD) 202-224-5842
    Ted Kaufman, Delaware (DE) 202-224-5042
    John Kerry, Massachusetts (MA) 202-224-2742
    Herb Kohl, Wisconsin (WI) 202-224-5653
    Amy Klobuchar, Minnesota (MN) 202-224-3244
    Mary Landrieu, Louisiana (LA) 202-224-5824
    Frank Lautenberg, New Jersey (NJ) 202-224-3224
    Patrick Leahy, Vermont (VT) 202-224-4242
    Carl Levi, Michigan (MI) 202-224-6221
    Joseph Lieberman, Connecticut (CT) 202-224-4041
    Blanche Lincoln, Arkansas (AR) 202-224-4843
    Claire McCaskill, Missouri (MO) 202-224-6154
    Robert Menendez, New Jersey (NJ) 202-224-4744
    Jeff Merkley, Oregon (OR) 202-224-3753
    Barbara Mikulski, Maryland (MD) 202-224-4654
    Patty Murray, Patty, Washington State (WA) 202-224-2621
    Bill Nelson, Florida (FL) 202-224-5274
    Ben Nelson, Nebraska (NE) 202-224-6551
    Mark Pryor, Arkansas (AR) 202-224-2353
    Jack Reed, Rhode Island (RI) 202-224-4642
    Harry Reid, Nevada (NV) 202-224-3542
    John Rockefeller, West Virginia (WV) 202-224-6472
    Bernie Sanders, Vermont (VT) 202-224-5141
    Charles Schumer, New York (NY) 202-224-6542
    Jeanne Shaheen, New Hampshire (NH) 202-224-2841
    Arlen Specter, Pennsylvania (PA) 202-224-4254
    Debbie Stabenow, Michigan (MI) 202-224-4822
    Jon Tester, Montana (MT) 202-224-2644
    Mark Udall, Colorado (CO) 202-224-5941
    Tom Udall, New Mexico (NM) 202-224-6621
    Mark Warner, Virginia (VA) 202-224-2023
    Jim Webb, West Virginia (WV) 202-224-4024
    Sheldon Whitehouse, Rhode Island (RI) 202-224-2921
    Ron Wyden, Oregon (OR) 202-224-5244

  3. AS Says:

    Where were Republicans and DINO’s when Bush and the Republicans passed an unfunded deficit bill allowing Medicare to make payments to insurance companies? I opposed it then. The GOP, Tea Parties and Republicans do not tell you, that, this is what the Democrat party and Obama want to cut from Medicare. They use a broad term “cut Medicare”. These payments forces the federal government to pay $1.15 to insurance corporate fat cats for every $1.00 spent on medical issues. In simple math, for every $1.00 spends using a government sponsored Medicare payment, the insurance corporations get an additional 15 cents. The idea then, was that having insurance companies provide part of Medicare, rates would go down: THEY HAVE NOT!

    The insurance lobby and the Chamber of Commerce got the Republicans to pass this unfunded deficit behemoth with no opposition. I am a Republican who supports healthcare reform. The issue affects me since I am a medical student. The idea that bureaucrats will “take over healthcare” is poppycock. Day to day, I see insurance company bureaucrats deny care to patients, and withholding payments for what the doctor and patient deem necessary for care. These insurance bureaucrats are like customer service representatives who have no background in health policy, yet make decisions that override a Doctor’s decision about care that patients’ need.

    The GOP calls for competition across state lines. I support this to some extent. However, the GOP plan does not create a baseline as to what basic care should be covered under these plans, nor does it provide a baseline for cost. It means that like credit card companies, insurance companies will flock to states that have little or no regulations, states that have the least basic coverage, and states whose costs are at higher premiums to customers. Example: the credit card companies. Credit card companies are primarily based in Delaware and South Dakota because regulations there allow credit card companies to charge exorbitant and creative fees. The same would happen with insurance, except that patients’ lives would be at the mercy of these fees from so-called competition across state lines. What the Democrats want, is a baseline set of items that would be covered by these insurance companies?

    Real competition should also include allowing foreign corporations to establish cheaper insurance companies here, than the American insurance corporations. As with the autos, technology, motor cycles, steel and textile industries, we would get a higher quality product at cheaper costs. Even it means failure of the American Insurance Companies; I want foreign competition for insurance companies.

    Creating High Risk Pools: The GOP likes this idea. How many of you have children? That is considered a pre-existing condition. Yes. The party of “family values” and their insurance lobby considers the act of having children a pre-existing condition. As such, women will be at a disadvantage for higher premiums under the GOP plan. Elderly people would not be able to afford rates if they are placed in a high risk pool, as the GOP plan calls for. How many of you have Grand Parents? It is true that the GOP plan would offer coverage to “everyone in the pool”, however, most working Americans would not be able to afford these plans because of the pre-existing loopholes. The plan put forth by my party, the GOP, does not provide limits on costs to American patriots who need insurance most.

    Tort Reform: The issue of tort reform is also moot. I see infections due to preventative mistakes by medical professionals. Most inpatient infections are caused by a lack of washing hands by medical staff. Other negligent medical costs come from errors by physicians such as operating on the wrong side or wrong thing. Should innocent patients who seek medical care be denied a financial recourse as the legal system provides?

    In Texas and California, which has the most stringent Tort Reform laws (limiting liability to $250, 000 max), so-called [defensive] diagnostic tests have increased, while the number of medical errors continue to increase in both states. Moreover, Texas leads the nation in uninsured working Americans. Recently, I was an unemployed mechanical engineer. Prior to attending medical school, I saw my insurance rates increase from $1200 in 2006 to $3600 in 2010, and I have never filed a medical claim, in my previous job for an oil company. This year Shell Oil will be moving their operations and 13000 American jobs to India and Brazil. The reason issued was the high cost of healthcare benefits to American employees. The issue of tort reform is moot when one looks at the supposed cost savings from these reforms. Both states Texas and California lead the US in uninsured Americans.

    The farce of Death Panels: The provision in the bill was placed by a REPUBLICAN Congressman from Georgia at the request of insurance companies and the American Medical Association. End of life consultations are already being performed in hospitals around the US every day, would be paid for under the bill. Currently, these expenses are paid for out of pocket by families since it is not covered. Unless one works in the medical field, or is faced with end of life decisions, it is easy to label these “Life Panels” as death panels. The Healthcare bill in Congress provides payments to medical professionals and their families who receive counseling during the palliative phase of life. Consultation in many cases also means extending life of loved ones. Today we already have [death panels] within the insurance companies via their bureaucrats, many of whom have no background in the medical field, nor social services fields. These Customer Service Representatives and clerical staff at insurance companies make life and death decisions based on costs, and which overrides patients and Doctors’ recommended care. These insurance clerks and bureaucrats deny care every day to working families, costing the US 45000 deaths per year.

    Obama is right when he links high insurance costs to shrinking jobs. Most major oil companies that once viewed Texas as a bastion of free market enterprise are shifting more workers in expatriate jobs overseas, because of never ending increases in insurance prices per each employee. Why would anyone start businesses here in the US when they can incorporate themselves overseas to avoid paying high insurance costs for employees? As a conservative who with experience on both sides of the issue, I believe that without healthcare reform, the US is doomed to failure when it comes to reestablishing jobs.

  4. AS Says:

    REPUBLICAN LEADER TOM DELAY THINKS UNEMPOYED CHOOSE UNEMPLOYMENT

    The link http://www.huffingtonpost.com/2010/03/07/tom-delay-jim-bunning-was_n_489050.html shows Republican Leader Tom Delay stating that the unemployed do not want to work.

  5. AS Says:

    CHAMBER OF COMMERCE TRIES TO BUY HEALTHCARE REFORM!

    The Chamber of Commerce and the GOP are selling snake oil. Here is the ad by the Chamber of Commerce attempting to buy legislation. If you believe that the Corn Husker Kickback and the Louisiana Purchase were corrupt dealings, the Chamber of Commerce and their accomplice business interests are now trying to buy our congressional leaders. Contact the businesses in this advertisement, http://www.employersforahealthyeconomy.org/ and let them know that the American Patriots support healthcare reform…and now.

  6. AS Says:

    TEA PARTIES TO WAGE JIHAD IN CONGRESS NOW UNTIL MARCH 31, 2010
    This next link http://www.videocafe.crooksandliars.com/heather/rachel-maddow-gop-thugishness-town-halls-called is a newly leaked memo from the Tea Party group, Freedom Works, funded by the insurance companies, detailing last minute plans to derail congressional town-hall meetings on healthcare reform.
    This link http://www.thinkprogress.org/wp-content/uploads/2009/07/townhallactionmemo.pdf is the actual document posted on the tea party’s Right Principles website.
    Let us turn these same tactics on these reactionary tea partiers by attending meetings, using new media, face book, twitter, calling congress and donating to candidates who support health reform.

    The third link http://digitalbenefits.typepad.com/HITECH/LewisGoldman.pdf is a presentation given by Goldman Sachs to 1300 insurance companies. Goldman Sachs, as you recall was given billions in bank bailouts by Hank Paulson and the Republicans just before Obama took office. In this presentation, Goldman Sachs and the insurance companies are plotting to increase rates, in order to force more customers to drop their insurance. This is anti-free market.

    Both large and small businesses are against these jobs killing insurance rate increases, but the Republicans won’t tell us that.

  7. AS Says:

    Help Defeat Bart Stupak (Pro Life Democrat Waging a Jihad Against Roe Vs. Wade)

    Also, Bart Stupak is now facing a primary challenger who is willing to set religion and personal politics aside to vote women constituents’ wishes. Let us all give Connie Saltonstall our support by donating $5.00 at http://www.actblue.com/page/defeat-bart-stupak.

  8. AS Says:

    Bart Stupak is a member of the Tea Party Terrorist Movement, the C-Street Gang and The Family. This group is the religious-reactionary branch of the Republican Wing Nut Tea Party Terrorist McCarthyism Movement.

    Whether it is tea party wing nuts flying airplanes kamikaze style into government buildings, or tea party terrorists shooting Defense Department Law Enforcement Officers, or killing Patriotic Americans by denying them healthcare reform, Bart Stupak supports this extremist wing-nut fringe branch of the Republican National Committee.

    I am a Conservative Republican Catholic who opposes abortions; however, the right to life also extends to providing healthcare for the thousands of Americans who die each year due to a lack of care.

    The right to life also extends to young children who have been destroyed due to sexual abuse by catholic priests. Stupak and the Bishop would better serve the church’s views by condemning the homosexual prostitution ring current afoot in the Vatican.

    Bart Stupak needs a primary challenge from a candidate who is willing to vote at for the wishes of the people, and not for the Catholic Bishops (who Stupak enlisted to write this amendment). Goldman Sachs, the insurance companies and Wall Street fat cats are paying Stupak to oppose the bill.

    Here is Goldman Sachs presentation admitting that healthcare reform would eat into their pockets.

    CALL BART STUPAK AND TELL HIM THAT THE AMERICAN PEOPLE WANT HEALTHCARE REFORM NOW! TELL BART STUPAK TO STOP TAKING MONEY FROM GOLDMAN SACHS AND DENYING AMERICA’S WOMEN THE HEALTHCARE THAT THEY NEED.

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