Melancon and Obama Siding with Wall Street Instead of LouisianaPosted in Press Releases Posted by Administrator on Apr 27, 2010
(Baton Rouge) – Charlie Melancon and Barack Obama have been raising eyebrows with how closely they are connected with Wall Street, Goldman Sachs and the other ‘too-big-to-fail’ firms.
“It is really no surprise that Charlie Melancon has been cheerleading Obama’s bill to create a permanent bailout for irresponsible financial firms and institutionalizes “too big to fail.” He already voted for the Wall Street bailout twice and he voted for Obama’s $4 trillion permanent Wall Street bailout slush fund,” said Republican Party of Louisiana Communications Director Aaron Baer. “The bill Melancon supports would also create a new super-bureaucracy that would allow unelected federal regulators to seize any business they see fit.
Recently, the New Orleans Times-Picayune uncovered thousands of dollars in donations from Goldman Sachs officials which makes his support of the bill all the more suspicious.
Last night the Democrat led Senate was unable to force a vote on Obama’s controversial Wall Street bailout. All 41 Republican Senators and one lone Democrat from Nebraska stood united to send a message that it’s time for the bailouts to end and time for bipartisan financial regulatory reform. But, similar to Obamacare, Harry Reid and his liberal colleagues have preferred partisanship over common sense solutions.