Grassfire Nation Update: Congress is set to pass the "Dodd-Frank Act"

This week, Congress is set to pass the "Dodd-Frank Act" -- the latest 2,000+ page government makeover/takeover of our society.

National Review notes that the bill is aptly named after two of the leading causes of the financial crisis that precipitated the legislation -- noting that Frank led the push to extend home ownership to (quoting Frank) "people who might not on their own in a market situation be able to afford it" and rejected warnings of a housing market collapse. Dodd called Fannie Mae and Freddie Mac "one of the great success stories of all time" -- a success that has cost taxpayers hundreds of billions of dollars.

A citizen comment on a Wall Street Journal article on the Wall Street bill perhaps summed things up the best:  "Another reason to throw the bums out."

Time to Flip This House 2010
Grassfire's "Flip This House 2010" campaign is designed to do just that -- but we need your help.
http://www.grassfire.net/r.asp?u=29303&PID=22513281


Government takeover of the financial sector

The Dodd-Frank Act amounts to nothing less than a massive government takeover of the financial sector.
Here's how the Wall Street Journal describes the bill:
"In the name of responding to a crisis, the bill greatly increases the power of politicians and regulators without addressing the real causes of that crisis."

Even worse - it took over 2,000 pages and more than a year of backroom dealings that the main architect of the bill doesn't really know what the bill will do!

After claiming the bill marks a "great moment," Dodd then said... "No one will know until this is actually in place how it works."

It is actually very clear how this works. The Statists are once again seizing control of the economy and the people are left with one recourse... FLIP THIS HOUSE!

http://www.grassfire.net/r.asp?u=29303&PID=22513281