Elizabeth Warren only takes 52 seconds to make it clear that Romney is out of step concerning economic regulations.

First, watch this segment from Rachel Maddow‘s show:

http://video.msnbc.msn.com/the-rachel-maddow-show/47422131#47422131

Elizabeth Warren‘s key statement on Dimon’s excuse for the J.P. Morgan fiasco and how Romney’s claim that economic regulations are stifling growth:

“You know, you really want to say did he hear what Jamie Dimon just said? Jamie Dimon’s own words were that this was stupid. This was sloppy, so stupid, and so sloppy that it wasn’t even picked up by a regulator. There was no one to say hey, wait a minute; I want to review your risk practices. I want to see the kind of risk that this huge financial institution is taking on, because we’re just about three and a half years past the time when you took on so much risk that you brought this economy almost to its knees. So the idea that Mitt Romney thinks that the banks are over regulated. It’s an alternative reality. It’s simply not true. The problem right now is that there’s not adequate regulation.”

Got it? Regulation (which we used to have in adequate amounts due to the abandoned  Glass-Steagall Act) used to keep our economy safe. Romney supports big banks over small Americans. And which of these hold the majority vote (provided they are not conned by Tea Bag Republicans)?

It’s up to all of us to get educated and get the word out.

About btchakir

Retired Theatre Producer, Graphic Designer, Usability Tester and General Troubleshooter with a keen interest in Politics and The Stage. Currently heard on WSHC, 89.7 FM (on line at www.897wshc.org) and occasionally dabbling in Community Theatre.

Posted on May 16, 2012, in budget, Business, campaign, Congress, Corporations, Economics, Education, election, ethics, Finance, government, history, Internet, News, Opinion, Politics, President Obama, quote, Taxes, Television, Video, vote, Warning, Word from Bill and tagged , , , , , , , , , . Bookmark the permalink. 1 Comment.

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