Marinka Peschmann

New Yorkers beware. Traffic congestion ahead. Moveon.org is trying to get Senator Chuck Schumer’s attention to keep pushing forward the Health Care Reform legislation by organizing an “actual road block on the side walk” of 47th and 3rd Avenue in New York City tomorrow at 4:00 PM. The motto is “Don’t Let Big Insurance Block [Health Care] Reform. Moveon.org wants the public option.

From Moveon.org’s email:

What: To let Sen. Schumer know that we can’t afford to let Big Insurance block real health care reform, MoveOn members are setting up an actual roadblock on the sidewalk—the same kind you see while driving when a road is being closed down.

For more information click here.

Back in March, I started reporting on Senator Schumer’s leadership.

Here’s an example of his leadership role in America’s economic crisis.
Check out: Sen. Chuck Schumer’s Economic Crisis Hypocrisy

As the firestorm of Congressional condemnation aimed at American International Group culminated into death threats over AIG’s $165 million retention and bonus payments, among the cacophony of outraged politicians fueling the frenzy was Senator “Chuck” Schumer. On March 17, Mr. Schumer warned AIG executives to give up their bonuses or Congress would recoup them through taxes. “In the past year we have learned much about the reckless behaviour within our financial system,” scolded the Democrat Senator from New York, but had Mr. Schumer, a long standing member of the banking and finance committee, adhered to his financial system viewpoint of 1987, at minimum, his righteous condemnation could be justified. At best, he could have potentially used his powerful and influential perch in the Senate to have averted the economic crisis.

Why? Because of legislation called the Glass-Steagall Act of 1933.

Let’s rewind to 1987 to a New York Times op-ed piece authored by Mr. Schumer entitled, “Don’t Let Banks Become Casinos.”

In it Mr. Schumer wrote:

“Citing the pressures of rigorous worldwide competition in financial services, large American banks are pleading for the repeal of the Glass-Steagall Act, a law that keeps banks out of the more volatile and risky world of securities transactions. Their entreaties should be resisted. The reasons the act was passed are still valid…”

Read entire article here.

Now, back to health care reform, let’s look at Sen. Schumer’s top 20 industries who contributed to his Campaign Committee and Leadership PAC from 2005-2010 according to Opensecrets.com.

Industry Total Indivs PACs
Securities & Investment $1,187,300 $962,300 $225,000
Lawyers/Law Firms $860,449 $746,031 $114,418
Real Estate $677,150 $534,150 $143,000
Misc Finance $279,000 $266,500 $12,500
Insurance $277,100 $85,100 $192,000
Health Professionals $225,450 $47,450 $178,000
Lobbyists $196,095 $188,325 $7,770
Retired $173,249 $173,249 $0
Business Services $169,750 $143,750 $26,000
Hospitals/Nursing Homes $169,350 $113,850 $55,500
Health Services/HMOs $154,650 $59,350 $95,300
Commercial Banks $127,200 $37,200 $90,000
Accountants $117,150 $31,150 $86,000
Computers/Internet $115,812 $67,650 $48,162
Misc Manufacturing & Distributing $115,085 $54,550 $60,535
TV/Movies/Music $108,300 $71,300 $37,000
Public Sector Unions $106,000 $0 $106,000
Transportation Unions $77,500 $0 $77,500
Food & Beverage $76,700 $50,200 $26,500
Building Trade Unions $71,000 $0 $71,000

As the saying goes, follow the money…

Similar Posts:

• Sen. Chuck Schumer’s Economic Crisis Hypocrisy
• President Obama on Health Care Reform: “We will not back down” and asks for “$5 or whatever you can afford”
• Is Islamic Sharia Law Coming to Russia?
• Amnesty? Senator Schumer Chairs Comprehensive Immigration Reform Hearing Today
• Coming Soon: Amnesty