Wednesday, 28. July 2010 8:25
“We’ll have to sign the bill so we can find out what’s in it.”
I guess those famous words of Nancy Pelosi can now be applied to the Financial Bill.
You see, we now find out – after folks have had a chance to actually read it- that deep within the 2000 pages of the Financial LAW, there is a federal demand for diversity on Wall Street. According to Politico: In this law, “Congress gives the federal government authority to terminate contracts with any financial firm that fails to ensure the “fair inclusion” of women and minorities, forcing every kind of company from a Wall Street giant to a mom-and-pop law office to account for the composition of its work force.“
This law now gives the government the power to look into the hiring practices of various firms and determine if they are hiring, not only their own workforce, but contractors and subcontractors that include a “proper” number of minorities and women.
The section of the law that lays all of this out is now (after its been signed) being called “vague.”
Who wrote this “vague” section of the bill? Well that would be none other than Rep. Maxine Waters, the African American democrat from California. She’s the same lady who let it slip that she “would be all about socializ- ah, ah, ah…..all about taking over all of your oil companies” when talking to oil executives last year. She was a member of SDS, the Students for a Democratic Society- a Marxist group who also included the likes of Bill Ayers and Bernadine Dohrn. She, along with Al Sharpton, endorsed a revolutionary, communist group called, “World Can’t Wait–Drive Out the Bush Regime”.
Maxine also stated that the riots which occurred after the Rodney King verdict were “somewhat understandable, if not acceptable”, calling them “righteous.” When asked about the looting in Korean-owned stores, she responded, “There were mothers who took this as an opportunity to take some milk, to take some bread, to take some shoes. They are not crooks. Everybody in the street was not a thug or a hood.”
I guess the Koreans who owned the stores didn’t need the milk, the bread, the shoes…..or the money.
Does this woman understand the LAW? How do people like this get elected?
Anyway, this genius has just screwed the white man- and many in Congress are applauding her. The supporters of Maxine’s language in the financial bill claim that businesses owned by women and minorities didn’t receive an adequate share of contracts- things like legal contracts and accounting contracts- through the bank bailout and other “emergency programs” administered by the Treasury and Federal Reserve.
So much for “content of character” being more important than race or sex.
These same supporters are claiming that this is fair because the collapse of the housing industry disproportionately affected African-Americans and Latinos.
Ya think that had anything to do with the fact that they were given loans they never should have had? Ya think it had anything to do with the fact that Barney Frank and Chris Dodd ordered the banks to disproportionately give out bad loans to minorities? Ya think?
Here’s the most disturbing part of this: The 1,261-word section authored by Rep. Maxine Waters (D-Calif.) barely registered during the legislative debate. And even weeks after the legislation moved through the House and Senate, Washington groups tasked with protecting business interests on Wall Street and beyond say they have yet to study that part of the bill.
They’ve yet to “study that part of the bill” and it’s already been signed into law?
It gets worse. This section of the law now “establishes at least 20 new Offices of Minority and Women Inclusion across the Treasury Department, Federal Reserve, Securities and Exchange Commission and other finance-related agencies. It orders the directors of these offices to develop standards that “ensure, to the maximum extent possible, the fair inclusion and utilization of minorities, women, and minority-owned and women-owned businesses in all business and activities of the agency at all levels, including in procurement, insurance, and all types of contracts.”
Who’s affected by these new regulations? Well, again, it’s “vague”. It says that it “applies to “services of any kind,” including investment firms, mortgage banking firms, asset management firms, brokers, dealers, underwriters, accountants, consultants and law firms. Every contractor and subcontractor must now certify that their workforces reflect a “fair inclusion” of women and minorities.”
And what if you don’t comply? Well, it’s seems that your company could be reported to the Labor Department. Termination would follow.
Would you say that our government is now enforcing racial and sexual “quotas”?
Well, 4 Republican members of the U.S. Commission on Civil Rights wrote a letter of opposition to this section of the bill, claiming just that. Interestingly enough, Senator Susan Collins of Maine was one of those members.
Here’s what she had to say: “It is very sweeping, from my review of the legislation. It talks not just about federal offices and agencies. It also talks about contractors and subcontractors, and so the implications are very unclear and can be read to require quotas, and that’s an entirely different and controversial debate and does not belong in the financial bill.”
Susan Collins VOTED FOR THIS BILL.
Now she’s writing letters of opposition to it.
Anyone who isn’t outraged at the ineptitude of those in Congress is not paying attention. Successful, white males- even democrats- should be outraged that they are being legislated out of contracts, and forced to hire a workforce based upon color and sex, not qualifications. .
Show me the place in the Constitution that OK’s quotas. Show me the place that favors minorities or women above others.
We’re a lost nation, folks. We’ve become a screwed-up place with screwed up values and screwed up laws. Our legislators consist of people who are either radical or inept. They are writing and voting away our rights- without reading them, without discussing them, without disclosing them- and JUSTIFYING them once the audacity is made public.
Does anyone else care what this bill will do to our children- and their children? Does anyone care that reverse racism is alive and well? Can anyone see beyond today’s baseball game and tonight’s dinner?
They are stealing our country, folks.
Dinner can wait.
Go to Home Pge: www.awakentheelephants.com