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Brown Makes Deal, Will Vote 'Yes' On Financial Overhaul Bill

July 15, 2010 by  

Senator Scott Brown (R-Mass.) may have assured the upcoming passage of the Obama administration’s historically aggressive financial reform bill by announcing on Monday that he will support the measure when it comes up for vote this week.

Brown will join Senators Olympia Snowe (R-Maine) and Susan Collins (R-Maine) in backing the landmark bill, which is designed to increase government oversight on Wall Street.

"While it isn’t perfect, I expect to support the bill when it comes up for a vote," Brown said. "It includes safeguards to help prevent another financial meltdown, ensures that consumers are protected and it is paid for without new taxes."

However, the Boston Globe reports that Brown only agreed to vote for the bill after he forced Democrats to modify its language to aid two Massachusetts-based companies, State Street Bank and MassMutual.

The senator’s change of heart has angered many conservative Massachusetts’ residents who voted for him earlier this year, including local Tea Party members.

"Scott Brown promised in the fall of 2009 to stand up for free markets and constitutional principles," said the activists, quoted by Fox News.

"A yes vote on this bill—a bill that greatly expands executive authority and reach, creates a perpetual and permanent bail-out system and fosters the creation of even more bureaucracy—defies the commitment he made to thousands of activists and donors across the nation," they added.

Senate Majority Leader Harry Reid (D-Nev.) is expected to call for a vote on the measure in the coming days.
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  • s c

    How many elected yahoos read this bil? How many understand it? Did anyone take the time to assess the government’s role in the financial disaster that “requires” Uncle Sham to point his diseased finger at the business world?
    Time after time after time, the government creates problems, maintains them, and then has the gall to step in and supposedly ‘fix’ the very problem that it created in the first place.
    That’s it for me. EVERY man and woman who goes to Congress should have to pass an arduous reading exam and then take a mental competency examination.
    No wonder America is in such a mess. And it gets worse every frickin’ day. This country is SO SCREWED.

    • dan of arizona

      i think there is something other than flouride in the water

  • Claire

    s c —And the beat goes on. What did everyone expect? Brown is getting what he wants. These companies must have donated to his campaign. Why should he be any different? They all do what he is doing.
    Mark my words–November 2010 and 2012 will bring more of the same, regardless if Republicans or Democrats are elected. Won’t make a bit of difference. They are all cut from the same cloth.
    I hope I am wrong, but I don’t think so. The ones in office are not honest and the ones running around screeching like idiots for their own political gain are not much better. I think they are all nuts. I sincerely agree with s c — any politician before running for an office must take a mentality test plus an oath stating their intent if elected. And they have to prove that they paid their taxes. Campaign donors must be published for all to see. I could go on and on but I think everyone gets the gist.

  • carolyn

    What a disappointment you have turned out to be,,,just another ass-kising politician, that can be bought….

  • ChristleM

    I say ALL candidates running for office must answer a questionnaire outlining how they would vote on pressing issues. How they answer becomes their platform and campaign promises. Once they sign the questionnaire it is a legally binding contract that once elected if they vote or behave in a way contrary to their contract they must resign their position with a 2 week notice and a new special election held to replace them with in one month of their departure. This eliminates special interests, provides accountability for lying politicians and corrects mistakes swiftly so no further damage can be done.

    • Kinetic1

      ChristieM,
      Your idea would also make it impossible for a competent and conscientious politician to change his position based on information unavailable to him/her before taking office. Voters complain when their man votes as he said he would, but it turns out to have been a bad choice. They complain when he votes other than how they wish, even if they knew he would. Then they complain when he polls his constituents, a move they consider waiting to see which way the wind is blowing. Ah, the life of a politician!

      As for special elections, a recent move to hold a special election in West Virginia to replace Robert Bird was struck down when it was estimated that it would cost $5.9 million dollars. Almost SIX MILLION DOLLARS just for West Virginia! Imagine what it would cost in a larger state.

      The people we vote for are called on to represent the best interest of their constituents. We elect them, based on the best information we have, to reflect our desires when possible, and do what’s best when they believe they must. We expect them to be able to reason and debate and choose on their feet. And when they don’t please the majority, we replace them, but not whenever the whim hits us.

      Learn from California’s mistake. We let a political hack (who many believed saw this as a chance to become Governor himself) convince Californians that we needed to oust our Governor. Times were tough, the deficit was high and few knew at the time that Enron was cheating and bleeding us dry. We spent aprox $25 million on a special election to either keep or replace Gray Davis. In the end, Arnold put in the best performance since Reagan, convincing Californians that he could clean up this mess, Terminator style. Within weeks of taking office, the Governator admitted that it was much worse than he had anticipated. We waisted more than $25 Million dollars of state money at a time when we needed to conserve our funds. Millions more were spent on campaigns. In the end you’d be hard pressed to prove that we got anything for our trouble.

    • eyeswideopen

      Christie, the repbs take an oath to never raise taxes, no matter what the situation dictates. That is the stupidist oath a person could take. We send people to solve problems and sometimes due to changing situations revenue must be raised(like trying to reduce deficit)to always hold the same political line of reduce taxes and cut spending is ignorant and it means we could just send monkeys to fill up the space. That idea doesn’t always work. Repubs haven’t offered any new ideas, they only obstruct. I like your idea, except it should apply to lying and misconstruing the facts, if you are caught lying twice, you should be removed from office and replace with the opposing party.

      • http://?? Joe H.

        Eyes,
        If that were LAW, good ole Clintoon would have NEVER been in past his first year!!! Obummer would NOT have made it past his first month!!!

        • eyeswideopen

          JoeH, if it were the law, the entire repub delagation would be ousted. lol

  • M

    I live in California, so I am (technically) not one of Mr. Brown’s constituents – but I’m a Republican – so I AM a “constituent.”

    Thanks so very much Sen. Brown for selling us out, you and the other two senators who voted for this bill. You are walking down the road of no return, and you will begin to be perceived as nothing more than an embarrassment and just another RINO, because you are. Have you read all 2,300+ pages of the so-called “Financial Reform Bill” before you signed on to it? Yeah, I thought not. What a joke you all are. And dangerous, too.

  • N

    I too, from Ca. am sooooo disappointed! Shame on you Scott Brown. Nov. will still say a lot and you have set an excellant example of know your canidate!

  • don l.

    i think we have a fox guarding the hen house. this person has been very questionable lately. he may be a democrat in drag.

  • dan of arizona

    is this the way that november is going to fall. the bitch talk the talk but couldn’t walk the walk, are all of them liars and cheats is it just me. something is in the water people be very careful who you vote for

  • http://urbangrounds jt

    This comes as no surprise Mr.Brown is just another politician who talks the talk but won’t walk the walk. Have you read the entire 2300 pages no you haven’t. What about the regulation for fannie and freddie. What happened to sticking to the constition what happened to the protection of private enterprise. reid and pelosi found another accordian who folds like a rug thanks for nothing. The government can’t even run a hot dog stand stay the hell out of our lives leave the private sector alone cut taxes and get the hell out of the way.

  • Arlene Zerbel

    Brown has caused another sick feeling in the pitt of my stomach.

  • Jay/Ray

    What do you people expect? The Republican Party has been little more than a gagle of panty waisted (explitive deleted) toe dancers. With the exception of Ronald Reagan the GOP leadership has never taken any
    major issue head on. Always they empoly half measures and compromise as to not offend the media, moderates, independents and various ethnic and religious groups. They would much rather hold to the prestige of office than the principals of the Constitution.

    I’ll give the Democrats this, when they want something bad enough, they go for it. They’ll trash everything right and proper to achieve
    the desired result no matter who gets hurt and the media will cheer them on.

    THEY ARE ALL A BUNCH OF “FAKERS” WHO NEED TO BE REMOVED FROM OFFICE EVEN IF WE HAVE TO DRAG THEM OUT BY THE HEELS! How about a million man march for better government? Count me in.

    Now just wait for the avalanche of critics who hyperbolize that we need show a better example as the Titanic sinks under the waves of
    self righteousness.

    J

  • http://þÿ Chet Millard

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