The Congressional Baby Still Needs to Be Changed!

May 21, 2010 (LPAC)--After the U.S. Senate, late on Thursday night, passed the Dudd bill on financial regulation, Lyndon LaRouche immediately dubbed it "the best bill dirty money could buy." The bill, minus the Glass-Steagall amendment, and stripped of any enforcement of derivatives, is a total piece of garbage, bought and paid for by the derivatives industry and by the Vault, the combine of Boston banks that represent the last living embodiment of the British East India Company. And everything being said about the bill by Obama, in particular, is nothing but a pack of lies.

President Obama showed, once again, that he is an idiot and a traitor to the United States. And with but a few exceptions, the Members of the U.S. Congress, especially the U.S. Senate, showed that they are absolute cowards.

The American people are about to repudiate the U.S. Senate, once they realize the travesty that was just carried out. The disgust of the American voters is now going to be totally aroused. We already saw, with the outcome of the primary elections on Tuesday, May 18, that the American people are in a state of total revolt against the leadership of both the Democratic and Republican parties. President Obama campaigned heavily for Senator Arlen Specter, to the point of trying to bribe Rep. Joe Sestak with a top Administration post, if he would drop out of the race. Voters rejected Obama, even more than they rejected Sen. Specter. In Kentucky, Mitch McConnell's handpicked candidate for the open U.S. Senate seat was clobbered by Rand Paul, in another brutal repudiation of the powers that be, in Washington.

Lyndon LaRouche commented on the week's events: "Nothing is more disgusting to the American people than President Obama—except the U.S. Congress."

Now is not the time for pissing and moaning. The fundamental reality is that the world is headed, immediately, for a plunge into a new, very dark, dark age, unless we force the Congress to reinstate Glass-Steagall, as the Cantwell-McCain bill specifies. And there must be a shutdown of the entire derivatives market. Wipe it out, now!

Seventy-eight percent of the American people want Glass-Steagall, and they will not allow a bunch of losers in Congress and at the White House to stand in their way. The President, in his infinite stupidity, has walked into an impeachment trap. By playing the personal role, that we know he played, in killing Glass-Steagall, for the moment, the President succeeded in intensifying the disgust that the American people feel for him. They will demand his removal, at the first opportunity. A $13-24 trillion blank check for Wall Street fat-cats, and not a dime towards job creation or infrastructure investment? We don't think so, Mr. President.