2016 Postmortem
Related: About this forumRepublicans and conservative Democrats just voted to sell you out to Wall Street.
Republicans and conservative Democrats just voted to sell you out to Wall Street. In other words, it's Tuesday.
Today, the House passed the so-called Retail Investor Protection Act 254 to 166. 30 Democrats voted with 224 Republicans in favor. 165 Democrats--and one Republican--voted against it. Those following H.R. 2374 thought it would pass with wide bipartisan margins, so having 165 Democratic NAY's was better than expected. The 30 Democratic YEA's still need to be named and shamed, however.
First, let's begin with the important question: What is the Retail Investor Protection Act? The bill delays a new Department of Labor rule that would prevent financial advisers from stealing from your 401(K) plans or IRAs. Allowing financial advisers to rip you off is a great complement to that other plank in the Republican-Conservadem retirement insecurity platform, cutting Social Security.
http://www.dailykos.com/story/2013/10/29/1251635/-30-House-Democrats-Joined-the-GOP-to-Sell-You-Out-to-Wall-Street-Which-Ones
Squinch
(50,993 posts)blkmusclmachine
(16,149 posts)bemildred
(90,061 posts)Enthusiast
(50,983 posts)We cannot even trust Democrats to do the right thing.
JoePhilly
(27,787 posts)this is irrelevant, given the fact that the GOP had more than enough votes to pass this without them.
If this author wanted to be less misleading, they could have at least mentioned that fact.
If these 30 votes put the bill over the top, the article's title would make sense.
TeamPooka
(24,248 posts)it must be nasty to have to swallow corporate jism all the time.