Progressives that are pissed about the Wall Street bailout provision that the Republican Party hid and then jammed down the throat of the American people and Congress (Ironic considering this is the same party that complained that a year long debate over the Affordable Healthcare Act wasn’t enough time and Democrats were trying to quickly force a vote), should know the Representative behind this awful provision. Meet Congressman Kevin Yoder (R-Kansas), a second-term congressman whose biggest contributors are in the finance industry. He introduced the provision last summer which was literally written by Citigroup executives, but Yoder took their language and rolled it into an amendment to a spending bill in a House subcommittee meeting. The bill then found itself swept into a year-end spending package that was needed to pass in order to keep the government funded.
Where is the Tea Party outrage on this? Wasn’t the Tea Party started because of “reckless government spending” and “reckless behavior on Wall Street”? Why are they not fighting a bill that once again will allow the government to bailout Wall Street after it breaks the rules and takes risky bets they know will fail? I guess the Tea Party was simply there to trick those into voting for the Republican Party and the only thing the Tea Party leaders really wanted to fight was President Obama and Democrats because a true champion of the middle class and a group that cared about tax payers would not be silent right now.
The passage of the provision sent possible Democratic presidential contender, Elizabeth Warren (D-Massachusetts), into a fiery speech about how this will lead to another economic crisis we experienced back in 2008. Yoder has been silent about the spending package since it passed the House. His office hasn’t responded to multiple requests for comment on why he slipped the Citigroup language into it. The press statements on his website say nothing about the provision or the spending bill. There are no posts about it on his Facebook page. He’s said nothing in his Twitter feed. He is hoping that the voters will forget or never even know about it in the first place.
If you don’t think voting matters, maybe this changes your opinion on voting. Because the banks vote and get what they want, it is up to the American middle class to vote and to stop voting for Wall Street’s candidates.