LPAC National Campaign Mobilizes For Glass-Steagall Amendment

May 11, 2010 (LPAC)—The LaRouche PAC national campaign, being spearheaded by LaRouche Democrats Rachel Brown, Kesha Rogers, and Summer Shields, has gone into high gear, mobilizing for the passage of the McCain-Cantwell amendment to restore FDR's Glass-Steagall firewall for the banking system. All three candidates have issued statements on their websites, and are taking to the streets, to demand action.

"The Glass-Steagall Reform Is Almost Ours," wrote Kesha Rogers, the official Democratic candidate for the 22nd District in Texas. "We are on the verge of a breaking development which bears directly on what continues to be a keystone of my campaign," she wrote. "The U.S. Senate may soon vote to include the McCain-Cantwell amendment in the current financial reform bill. Not only does this amendment have the stated intention of restoring the authority of Franklin Roosevelt's 1933 Glass-Steagall banking act, in full, which separates commercial banking from investment banking, but if passed, would spell the end of the bankrupt monetary financial system as we know it."

"I am putting my full endorsement and support behind this amendment, and anyone who opposes it is opposed the 78% of the U.S. population that supports it," declared Summer Shields, candidate for the Democratic Party nomination in California's 8th District. "If President Obama attempts to veto the legislation, as his administration has explicitly stated their intention to do so, then he will be doomed by his own foolish actions."

"Pass the Glass-Steagall Amendment To Shut Down Wall Street," said Rachel Brown, candidate for the Democratic Party nomination against Massachusetts Congressman (and bankers' man) Barney Frank. Brown also took her campaign to the financial district of Boston on both May 7 and 10.

Brown campaign organizers report finding a high level of support for Glass-Steagall in the financial district, as opposed to the question on impeachment. While discussing the policy, campaign workers reported to the citizens that both Massachusetts Senators, Scott Brown and John Kerry, are doing nothing on the issue. A call to Brown's office found it clueless on Glass-Steagall, and Kerry's office told a caller that the Senator was going to wait and listen to the debate! As if the sovereignty and survival of the United States were not at stake!

The response of Houston citizens was strong on the question of getting rid of Obama, but weak on the question of using the opening to ram through Glass-Steagall—a problem the Rogers campaign will be addressing in its continuing mobilization.