EXCLUSIVE: Eric Cantor Promises Oil Speculators That Republicans Will Block Financial Regulations
By Lee Fang, ThinkProgress -- May 18, 2011
[...] Cantor told the audience of speculators that his Republican caucus would “do our part” to block the implementation of financial reforms passed last year as part of the sweeping Dodd-Frank law. He even called out the Commodity Futures Trading Commission, the regulators in charge of overseeing derivatives and energy speculation, and promised to stop regulations from going online:CANTOR: [...] We want to help you continue to lead for America, that means we gotta do our part when you see the implementation of Dodd-Frank coming at you like a barreling train. We want to help control that so that we can get some sensible, sensible follow up to that legislation. [...] Whether it’s the EPA, the FDA, the FCC, the SEC, the CFTC, you name it, there is an acronym for a federal agency causing harm right now. We’re trying to pull that in.
Video recorded by Campus Progress staff writer and ThinkProgress Blog Fellow Micah Uetricht.
[H/T to Ed Schultz team for the leads on this story.]
... to paraphrase what Ed Schultz said on the Radio today:
The Senate Vote on Ending Oil Subsidies proves WHO is really running the Country these days. Here's a Hint: It's NOT the People, because 74% of the People want to end these Subsidies ... even if NONE of the Republicans do ...
Remember: 74% of Americans Want to End Big Oil Subsidies
by Brian Merchant, Brooklyn, New York on 05-17-2011
While 0% of the Republicans in the House of Reps voted against extending multi-billion dollar subsidies for the nation's largest oil companies, 74% of Americans wish they hadn't. Remember, the most recent NBC/Wall Street Journal poll shows that a vast majority of Americans want to stop government handouts to the most profitable companies in the world.
The GOP Austerity Hawks in the Senate, proved who's Pocket they are in, with their Vote too:
Question: On the Motion to Proceed
(Motion to Proceed to the Consideration of S. 940 )
Vote Date: May 17, 2011, 06:17 PM
Required For Majority: 3/5 
Vote Result: Motion to Proceed Rejected
Measure Number: S. 940 (Close Big Oil Tax Loopholes Act )
Measure Title: A bill to reduce the Federal budget deficit by closing big oil tax loopholes, and for other purposes.
U.S. Senate Roll Call Votes 112th Congress - 1st Session
Grouped By Vote Position
YEAs -- 52 [end the subsidies] [60 Votes needed.]
NAYs -- 48 [continue the subsidies]
Americans, Remember THIS Vote when it comes Election Time.
Who's working for YOU?
and Who is working instead, for Big Oil Speculators?
The Austerity Party -- yeah right.
Feel that "Shared Sacrifice" ... feel the burn ... every time you filler-up!