I hate sensationalist blog sites. Even if they present a valid point, when they say stuff like "insane bill" and "It’s so appalling… so unbelievable… so blatantly corrupt… that you’ve got to see it to believe it" it just makes whatever they're saying seem stupid. Just tell me what happened and let me decide how bad it is. They barely even explained what the bill does.
I agree, I found the presentation to be very sensationalist. Also, in the video the hard edits are pretty rough. That said, does anyone know of a more reputable site or journalist writing or talking about this? It's important stuff. Why does history continually repeat itself? Money, that's why.
I know this isn't from the other side, but here is a NYT piece that is cited in his little report. The guy in that video (not sure if you watched it - don't if you haven't) seems like your typical young political snob, but at least he cited a few things.
I don't know. Maybe I'm jaded but this seems like fairly typical behavior presented in an easy to understand way which makes it infuriating. Someone get some stats on who writes the bills. I have a hard time believing the all the bills come from lazy ass congress people.
Ah, suppose I should open my eyes and look harder sometimes, I scrolled halfway down on phone, didn't see the description; cheers. After reading through the description, and as flagamuffin said above, I really hope there is a second side to this. OftenBen asked above for a non-insane, non-corrupt version of why this would be passed. I, by no means, am in anyway even remotely knowledgable on economics, but, I can imagine that a lobbying group with the gift of the gab would be able to utilise said skills, combined with the 'Baffle 'em with bullshit' methodology (use big words, jargon, scary graphs), then combine it with a fear-mongering if action isn't taken:
Couple that with an appeal to a partisan and opposition mentality: Note: The last point is easily swapped around, depending which Party/President is in power. That's my attempt to rationalise it, without bringing in confirmed/suspected corruption and other issues. I'll finish with a rather apt quote from former VP Dan Quayle regarding banking dilemmas:"If we don't repeal it, it'll cause another crises, and it'll be worse than 2008!"
"Well see, Obama and the Democrats brought in this legislation, and it'll cripple America when the next crash hits. Repeal/bring in this law, and the Republicans will be the saviours for averting it".
"Bank failures are caused by depositors who don't deposit enough money to cover losses due to mismanagement"
It happens to everyone, don't sweat it. Oh, no doubt that there is more to the story. I do find myself questioning who exactly the people who run represent.us are and what their aims are, but I think it is an interesting example of the convergence of U.S. politics, economics and the internet.
Personally the thing that worries me about it is the fact that it's undoing most of the changes made post-2008 to stop this kind of thing from happening again, and it's happening completely below the public radar, by groups that wield massive power (money) over both sides of the legislature.