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General News    H2'ed 11/4/09  

TIME TO RALLY FOR FINANCIAL REFORM BEFORE THE RIGHT DOES

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Danny Schechter
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While Nancy ??the Hare ? Pelosi is pushing for a vote right away, Harry ??the tortoise ? Read says we will have to wait until next year.


So much for a sense of urgency, but at least there is some motion on that ocean.


Not so for also urgently needed financial reforms that are being blocked by our friendly financial tycoons, even as our kissing cousins across the pond move to break up their big banks.


Inaction is scary enough but even more alarm bells are bring rung by Eliot Spitzer, once the ??Sheriff of Wall Street ? until his pecker got in the way of his assaults on the pecking order.


George Washington of Washington's Blog reports:


??Yesterday, Elliot Spitzer said that the White House's defense of the financial status quo will give Republicans powerful ammunition in the 2010 elections.

Democratic cheerleader Markos Moulitsas (the ??Kos ? behind Daily Kos) wrote the following about the Democratic losses in several state elections:

??Democratic turnout collapsed. This is a base problem, and this is what Democrats better take from tonight:


" If you water down reform in favor of Blue Dogs and their corporate benefactors, you will lose votes"

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News Dissector Danny Schechter is blogger in chief at Mediachannel.Org He is the author of PLUNDER: Investigating Our Economic Calamity (Cosimo Books) available at Amazon.com. See Newsdisssector.org/store.htm.
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