Yet More Proof Why Two Parties is Not Enough

[redneckgaijin]

An example of how blatant conflict of interest is REWARDED...

... and, more to the point, how Democrats and Republicans are united in supporting the wealthy instead of providing an equal playing field in the market.

Skim down to the quoted section at the bottom. 42 Democrats, 29 Republicans on the House panel creating the proposed financial consumer protection agency.

A Republican proposes a special amendment exempting car dealerships (who sell loans to car buyers) from the new agency's purview.

The amendment PASSES.

47-21.

18 of 42 Democrats (at minimum) voted AGAINST holding used car salesmen accountable for cruddy car loans. It might be as many as 20- there were two either absent or not voting.

Worse, a lot of the Democratic LEADERSHIP changed their votes from no to yes after speaking out against the amendment.

Put not your trust in Democrats; you will be betrayed.

Comments

Nothing new here.

[kyllein.livejournal.com]

Sad, simple fact; Dem or Repub, the minute someone gets elected, they start planning their next election and who they need to stroke to get it. Sometimes I wonder if a new political party would be the answer or not. Perhaps limiting every Federal elected officer to one term of say, six years and making re-election impossible. There are pros and cons to this, I know; but a new party will be just as liable to fall into the same crooked schemes that the current ones employ.
Ultimately, it isn't the Party, though. It's the People who re-elect the same crooks to office time and time again who are ultimately at fault. Under our system of government, we get what we deserve and not what we want. We're the ones who allowed the two existing parties to go the way they did and we're the ones who will have to fix the situation.
Maybe a new party is the answer. Maybe not. Maybe there is no one answer. At least the damage is restricted to used car dealers...and nobody trusts them anyway.