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Friday, April 30, 2010

Swiftboating Finance Reform http://readersupportednews.org/opinion/82-82/1604-swiftboating-finance-reform

Author and academic Robert Reich says Republicans are blocking a Senate vote on the finance reform bill, seeking to build public support by misleading the public. Reich, former secretary of labor under President Clinton, says Republicans are claiming to want a stronger bill, when in fact they're doing Wall Street's bidding by seeking a weaker one.

Reich says evidence of their tactics comes in the form of a shady anti-financial reform group called "Stop Too Big To Fail" which is running a TV ad featuring an out-of-context quote from Reich to bolster its case. Reich says Stop Too Big To Fail is the project of Consumers for Competitive Choice, which is using an ad agency that worked with the Swift Boat Vets For Truth in 2004. TPMmuckraker says the group has already spent $1.6 million on anti-reform ads and won't say who's funding the group's efforts.

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