Gah, I'm at work and can't watch the video; could someone post a summary please?
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.