By Linn Grubbstrom - Talk Radio News Service
Rep. Jim Himes (D-Conn.) told reporters Monday that the Senate must vote “yes” this week on its recently reconciled financial reform bill.
“The reality is that this will be very, very good for the American economy,” he said.
Himes blasted Republicans in the Senate for threatening to filibuster the bill, accusing them of using baseless fear-mongering to justify their actions.
“We are running the same movie we ran in the 1930’s when opponents of reform said this will be the end of capitalism, this will be the end of free market, this is overreaching by the government into financial markets.”
Frank Knapp, Jr., the president of the South Carolina Small Business Chamber of Commerce, said the bill would jumpstart the job sector by making life easier for small businesses.
“Greed by [large] financial institutions collapsed our economy and shout down loans and credit lines to our small businesses,” he said. “Every economist acknowledges that small businesses hire the employees we need to lead us out of this recession.”