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Obama urges senators to support financial reform
President Barack Obama delivers remarks on health insurance reform at George Mason University's Patriot Center in Fairfax, Virginia, March 19, 2010.
Credit: Reuters/Jim Young
WASHINGTON |
WASHINGTON (Reuters) - President Barack Obama urged lawmakers on Saturday to resist pressure to weaken a financial reform bill and called again for an independent consumer watchdog to help prevent future financial crises.
As healthcare reform reaches a make-or-break vote in the House of Representatives on Sunday, Obama used his weekly radio and Internet address to highlight what may become his next top domestic priority: overhauling rules that govern Wall Street.
Obama, who blames lax regulation for helping to spark the U.S. financial crisis, laid out his case for a bill outlined by Senator Chris Dodd that is expected to come up for debate in the Senate's Banking Committee on Monday.
"I urge those in the Senate who support these reforms to remain strong, to resist the pressure from those who would preserve the status quo, to stand up for their constituents and our country," Obama said.
(Reporting by Jeff Mason; Editing by Peter Cooney)
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As a resident of Oregon and a U.S. citizen concerned for the future of our state and country I strongly urge you to vote against the healthcare reform proposal. I cannot remember a time when there has been proposed legislation that has irked me as badly as this healthcare reform has. To think that this country would even consider legislation that would force its citizens to take on personal debt of this magnitude whether we want it or not is unprecedented to say the least.
Believe me when I say that I am not comforted simply because this legislation claims that there will be subsidies for those of us who cannot afford the full price of the health policies for it will still require me to use up the small and precious resources I do have in order to pay for something I do not want.
It is for this reason I urge you to vote NO on healthcare reform. There is other ways to reform healthcare without forcing us to take on a debt that will cause low income people–already struggling with the burden of just trying to survive–to take on added debt–again I say even subsidies will not cover the full cost of that added burden.
Please do not allow this legislation to become law.
The saddest part of this whole mess is that people are not against reform but are against Obamacare, and even those who want it passed now admit that it is not a good bill.
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