In a statement, Massachusetts Republican Sen. Scott Brown said, “my vote is not a vote against financial reform; instead it’s a vote to insist that the parties continue bi-partisan negotiations to come up with a commonsense bill we can all be proud of.” 

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  1. AN OPEN LETTER TO SENATOR SCOTT BROWN
    Dear Senator Brown,

    Your press release gave your reasons for voting to block open Senate discussion on financial reform – you want to “protect the safety of the financial system and the interests of taxpayers and consumers”…that this bill and its “serious problems” “would leave taxpayers on the hook for future bailouts”, “hurt jobs in Massachusetts, including small businesses” – but no supportive detail re the content of the financial reform bill which guided your conclusion.

    Have you read the bill? I ask because on Jan 10, 2010, in an Op-ed in Boston Globe, you wrote the Stimulus (ARRA) “had not created a single job”. You repeated same on Feb 4 at your signing-in ceremony, and you were disdainful. Yet on Dec 31, 2009, the Commonwealth of Massachusetts issued a formal report, copy online, detailing that in 3 months alone, Oct to Dec 2009, 13,879 jobs in your state had been created by ARRA! Since then ARRA poured more funds & jobs into Mass AND $5.5 billion tax cuts & COBRA/unemployment subsidies.

    On financial reform, Sen. Bob Corker (R) already refuted GOP allegations like yours from the Senate floor, asserting how the $50 billion fund which banks must pay, NOT taxpayers, “is anything but a bailout….it is to provide upfront funding by the industry so that if these companies are seized, there’s money available to make payroll and to wind it down while the pieces are being sold off”, thus protecting taxpayers.

    Your press release is confusing. As a new US senator, when your words raise serious issues we look to you for substantive responses not Frank Luntz style statements. Could it perhaps be your pro-business, pro-banks, anti-middle-class Republican voting record is getting in the way of your commonsense, since the “serious problems” in this bill will be for Wall St, not taxpayers or small businesses.

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