Patriot Groups throughout Arizona
Matt Salmon needs to rescind his endorsement of David Schweikert. Matt is apparently unaware that David Schweikert is opposed to the re-implementation of the Glass-Steagall Act. Schweikert has said that he is favor of Dodd-Frank.
Nobody really knows what is really in Dodd-Frank, but we do know that Title II of Dodd-Frank has the Cyprus Style bail-in process. That is where the bail-out blackmail of the banks is stopped. The government ceases printing money for the banks and the banksters just go and take funds out of your account.
This is a core issue that every voter needs to use in determining whether or not to vote for a Candidate.
Glass-Steagall worked for 50 years and the take down of it during the Clinton administration has been attributed by the Crisis Reports of both the House and the Senate, as a major cause of our current financial crisis.
Senator John McCain has repeatedly endorsed Glass-Steagall, but as Obama is opposed to it and the Democrats control the Senate, there is not much he can do about it.
But during John McCain's run for the Presidency he sponsored a Senate version of HR1489 The Return to Prudent Banking Act of 2012 (Glass-Steagall).
Also, many conservative commentators have endorsed Glass-Steagall and David Schweikert by his opposing Glass-Steagall, can no longer hide who he is behind the claim that he is a conservative.
David Schweikert has told me at a town hall meeting at the Granit Reef Senior Center, that he "does not want to hurt the big banks". Translated, this means that he wants to continue to allow the "Too Big To Fail" financial institutions to be able to "Blackmail" the government into foisting the bad acts and debts of the banks onto the backs of the American Taxpayers.
Furthermore at that time he admitted that the bailout was over $29 trillion. There are only $9.5 trillion in home loans in the whole country. The math is simple, look at the difference. Would not our nation have been better situated had the FED paid off all of the $9.5 trillion in home loans instead of guaranteeing the trillions in profits to the banks that is not in compliance with the "general Welfare" clause of our Constitution.
David Schweikert's mantra is "Bank Profits over People's Lives"!
David Schweikert is not a Congressman that represents his constituents, he is a Congressman bought and paid for by the banks and representing the banks.
Glass-Steagall issue is easily understood, it is simple, separate commercial banking from the investment and gambling side of financial institutions so that when the JP Morgans of the world (not just America) make "Mistakes" ($2 billion plus), the debt is no long put on the backs of our children, grandchildren and future posterity.
The five page Glass-Steagall Act (HR1489) is currently being opposed by Obama with the five hundred page "Volcker Rule". Obama has directed Paul Volcker, Timothy Geithner, and Ben "Shalom" Bernanke, with the funding of the PEW Charitable Trusts (Who have been taken over by left-wing staffers http://www.discoverthenetworks.org/funderprofile.asp?fndid=5213) to do what they can to oppose the re-implementation of Glass-Steagall Act (HR 1489) and pave the way for the bailout of the EURO to by-pass Congress and go directly to the FED.
David Schweikert supports Obama's position in opposing Marcy Kaptur's H.R. 1489 The Return to Prudent Banking Act of 2011.
Matt Salmon should immediately withdraw his endorsement of David Schweikert or face the prospects of being in favor of Obama's opposition to HR 1489 and opposed to Senator John McCain's position favoring the re-implementation of the Glass-Steagall Act.