{"id":12078,"date":"2010-07-16T06:50:52","date_gmt":"2010-07-16T11:50:52","guid":{"rendered":"http:\/\/www.shotinthedark.info\/wp\/?p=12078"},"modified":"2010-07-16T06:50:52","modified_gmt":"2010-07-16T11:50:52","slug":"the-chicago-way","status":"publish","type":"post","link":"http:\/\/www.shotinthedark.info\/wp\/?p=12078","title":{"rendered":"The Chicago Way"},"content":{"rendered":"

Obama’s “financial reform bill” \u00a0is full of paybacks to Obama constituencies <\/a><\/p>\n

Principal among them is a measure to make it easier for unions, environmental groups and other activist organizations that hold shares to put their representatives on the boards of directors of every corporation in the United States.<\/p>\n

The so-called “proxy access” provision, which activist groups say they will use to try to improve oversight of corporate financial practices, has provoked a backlash from the Business Roundtable, U.S. Chamber of Commerce and other major non-Wall Street business groups.<\/p><\/blockquote>\n

This is one of the “reforms” that threw Britain into a tailspin in the fifties through the seventies; institutionalizing the control of unions and other pressure groups over other aspects of British society; it ensured the acceleration of Britain’s decline.<\/p>\n

Other provisions of the financial legislation, which goes before the full Senate on Thursday for a vote and likely passage, favor Democratic constituencies directly by requiring banks and federal agencies to hire and do more business with them.<\/p>\n

The bill would create more than 20 “offices of minority and women inclusion” at the Treasury, Federal Reserve and other government agencies, to ensure they employ more women and minorities and grant more federal contracts to more women- and minority-owned businesses.<\/p>\n

The agencies also would apply “fair employment tests” to the banks and other financial institutions they regulate, though their hiring and contracting practices had little or nothing to do with the 2008 financial crisis.<\/p>\n

“The interjection of racial and gender preferences into America’s financial sector deserves greater media exposure” before Congress debates and passes the massive 2,400-page bill, said Kevin Mooney, a contributing editor for Americans for Limited Government’s daily newsletter.<\/p><\/blockquote>\n

Right – but to “expose” it would “expose” them to the same charges of “racism” that greets every <\/em>voice of dissent.<\/p>\n","protected":false},"excerpt":{"rendered":"

Obama’s “financial reform bill” \u00a0is full of paybacks to Obama constituencies Principal among them is a measure to make it easier for unions, environmental groups and other activist organizations that hold shares to put their representatives on the boards of directors of every corporation in the United States. The so-called “proxy access” provision, which activist […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[64],"tags":[],"class_list":["post-12078","post","type-post","status-publish","format-standard","hentry","category-president-obama"],"_links":{"self":[{"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=\/wp\/v2\/posts\/12078","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=12078"}],"version-history":[{"count":1,"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=\/wp\/v2\/posts\/12078\/revisions"}],"predecessor-version":[{"id":12079,"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=\/wp\/v2\/posts\/12078\/revisions\/12079"}],"wp:attachment":[{"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=12078"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=12078"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=12078"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}