“FINANCIAL BILL WORSE THAN HEALTHCARE MEASURE”

BY SARAH FOSTER

“I know that’s hard to believe, but it is worse in the sense that every American makes financial transactions,” said Michele Bachmann, who represents the people of Minnesota’s Sixth Congressional District. “We all use credit cards, we all write checks. This will all now be controlled by government, and government will ration credit. You can’t have capitalism without capital, and government will decide who gets capital and who doesn’t.”

“The entirety of this bill -- all pinned together like this -- hasn’t even gone through committees,” Bachmann said. “It just went on the floor for three hours of debate. It’s a complete government control of the financial services industry and no one knows about it!”

They do now. Late Friday, despite a surprisingly unanimous Republican opposition, the House approved H.R. 4173: The Wall Street Reform and Consumer Protection Act of 2009. The vote was 223-202, with not a single Republican voting in favor and 27 Democrats voting No. Two Republicans who were present did not vote. FULL STORY