Tuesday, February 23, 2010

Deceptive Big Bank Ads Will be Key to Election 2010

A recent Intercept posting illustrated how money was pouring into the Brown Campaign in the "Massachusetts Miracle"and why this money was being pumped into the likes of Brown (and 20 more anticipated campaigns with neocon hacks posing as disenfranchised conservatives). The Center for Media and Democracy also sees the connection between meaningful financial institution reform and the neocon poser funding machine:

Even before a recent U.S. Supreme Court decision blew the lid off corporate campaign spending, it was clear that the big banks would be key players in the 2010 election cycle.

Unemployment will remain high and so will resentment against the banks, a volatile combination that will encourage savvy Members of Congress to continue to fight for meaningful reform of the financial sector. While a major reform bill is winding its way though Congress right now, it only addresses aspects of the problem, leaving loose ends for reformers to pick up and pursue in 2011.

Groups for and against the current financial reform bills have already conducted their polls, polished their messages and are starting to engage in ad-war skirmishes that foreshadow the deluge of big bank spending to come, as Wall Street fights to elect candidates who will protect their interests and privileges.

Full Article

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