Feingold did his best to look responsible by opposing the financial reform bill to win points among voters in the upcoming election. Here is what he had to say.
Feingold’s stand has made it more difficult for his party to muster the 60 Senate votes it needs to pass what is a huge priority for the White House and frustrated some progressive groups who are his natural allies.
His position on the issue is unique in the 100-member Senate.
All the measure’s other opponents in that body are Republicans. Feingold is the only senator opposing the bill from the progressive side of the debate and the only one who is arguing that the new regulations are so timid and easy on Wall Street that passage would do more harm than good.
“It doesn’t do the job, and I’m not going to be part of basically defrauding the American people into thinking it does,” said Feingold in an interview that underscored his pointed differences with his own party on a reform package intended to prevent a repeat of the catastrophic financial meltdown of 2008.
It was all for show though, as I rightly predicted. Much like the Democrats in Arizona begging Obama not to sue their state, Feingold is only worried about the upcoming election. Feingold gladly voted for the $787 billion “stimulus” and the unconstitutional health care mandate. My prediction was that Feingold could be a dissenting vote on the finance reform bill and look good for his constituents, while the two RINOs in Maine pick up the slack and help ram the bill through anyway. Other than Scott Brown’s vote, I was right. The bill readily passed without him, and will be signed into law next week. Meanwhile, Feingold doubles down on his campaign rhetoric as the November election gets closer.
I agree with the Journal Sentinel that the bill includes some positive consumer protections. But after listening to Wisconsinites frustrated about the prospect of future bailouts, I cannot support a bill that simply doesn’t get the job done.
I work for the people of Wisconsin, not Wall Street, and the people of Wisconsin deserve a bill that will protect them and their families from the pain of another financial crisis.
Feingold is doing his best to paint himself as a maverick who bucks the trend of the liberal Democratic Party’s big spending, big government agenda. But the facts of his record say otherwise.
According to the US Congress Votes Database Feingold voted with the Democratic Party 79.8 percent of 598 votes in the current congress. Feingold is a rank-and-file Democrat according to GovTrack’s own analysis of bill sponsorship.
What about campaign contributions? He’s a man of the people who bucks the liberal trend of being in the pocket of corrupt union influence, stays away from the influence of greedy lawyers, and whose voting on health care is not determined by campaign contributions, right? Well, no.
Top 20 Feingold Contributors
|1||University of Wisconsin||$105,885||$105,885||$0|
|3||Foley & Lardner||$18,200||$15,700||$2,500|
|5||American Dental Assn||$14,000||$0||$14,000|
|7||Dermond Property Investments||$12,900||$12,900||$0|
|8||American Postal Workers Union||$12,500||$0||$12,500|
|9||Delta Dental Plans Assn||$12,300||$4,800||$7,500|
|11||League of Conservation Voters||$11,850||$9,850||$2,000|
|12||Cravath, Swaine & Moore||$11,300||$11,300||$0|
|14||United Transportation Union||$10,200||$200||$10,000|
|15||American Assn for Justice||$10,000||$0||$10,000|
|15||American Fedn of St/Cnty/Munic Employees||$10,000||$0||$10,000|
|15||Communications Workers of America||$10,000||$0||$10,000|
|15||Intl Brotherhood of Electrical Workers||$10,000||$0||$10,000|
|15||Machinists/Aerospace Workers Union||$10,000||$0||$10,000|
|15||Midwest Values PAC||$10,000||$0||$10,000|
|15||National Auto Dealers Assn||$10,000||$0||$10,000|
|15||National Beer Wholesalers Assn||$10,000||$0||$10,000|
|15||National Electrical Contractors Assn||$10,000||$0||$10,000|
|15||Operating Engineers Union||$10,000||$0||$10,000|
|15||Painters & Allied Trades Union||$10,000||$0||$10,000|
|15||United Auto Workers||$10,000||$0||$10,000|
|15||United Food & Commercial Workers Union||$10,000||$0||$10,000|
Nearly all of his contributions come from unions, lawyers, and health care industries. Feingold is no different than Pelosi, Reid, and Obama. Its time to give this career politician the boot this November.
I’ve had a couple people comment on the large number of contributions from the University of Wisconsin. First, you need to remember that nationwide roughly 72% of college professors identify themselves as liberal (shocking, I know) while only 15% identify as conservative. You also need to know a little something about Madison, WI (home of the largest UW school in the system). Madison is such a large liberal stronghold, that around the rest of the state it’s commonly referred to as “The People’s Republic of Madison,” also commonly known as “78 square miles surrounded by the real world.”
I think this clip from Ghostbusters pretty much sums things up.