US Gov't taking more control

Last week, the Senate approved legislation that put auto dealers under the auspices of a new consumer board with power to regulate financial products. But on Monday, the Senate voted 60-30 to instruct members preparing to meet with their House counterparts to settle differences between their versions of the bill to exclude auto dealers from the new board's purview. So, according to the recent bill passed, it now sounds like the U.S. Government wants control over all financial products, but they currently want to exclude Auto Dealers. This is probably because there doesn’t seem to be much profits in Auto Manufacturing and sales, but there sure are large profits in financial products, sold by Banks, Mutual Fund Dealers, Insurance Companies and more. Although Obama had originally pushed for Auto Dealers to be included in this new reform, it may just begin with Financial Products that the government will control. Originally the Government was set up to serve the people, but as we can see today it is moving more and more to the time where we serve the government. There has not been such a financial reform in the U.S. since the Great Depression of the 30’s. Obama and the Democrats are moving very quickly with 2 major reforms this year: health and finance. Slowly, but surely you can see government taking more and more control. Make sure to learn your rights and understand enough of the system to survive in the day and age we are in. If you learn and apply enough you can not just survive under this world reform, you can even thrive!