Jewish groups silent on finance regulatory reform, and an interesting dilemma for the Tea Partiers
04/22/2010 - 17:07
James Besser

Isn't it interesting how Jewish groups with a lot to say about almost everything have been so conspicuously silent about the politically charged debate in Washington on regulatory reform intended to prevent a recurrence of the financial meltdown whose impact is still being felt – by many Jewish organizations, as well as countless individuals?

Okay, I get it; these groups depend for their existence to a considerable extent on givers who are involved in the banking and finance sectors. Bankers and financiers don't like like regulation because it can keep them from maximizing profit – even when maximizing profit means jeopardizing the whole economy.

Still, with so many Jewish organizations supposedly concerned about poverty in America – and with the ranks of the poor much higher today because of the meltdown, and the impact so much greater on those without the padding of big bank accounts – I wonder how this silence plays out on Capitol Hill, where advocates of serious reform need all the help they can get.

And I wonder how that silence will be seen by younger Jews – who, surveys tell us, retain a strong, Jewishly influenced focus on social justice.

Jewish leaders complain that younger Jews don't see their organizations as relevant. Well, isn't this one example of why?

In the meantime, it will be fascinating to watch how the “tea party” movement, if you can call such a disparate group of angry activists a movement, will respond as the debate goes on.

Tea partiers hate bankers and financiers and they hate Wall Street, but they also hate the government – which means they hate regulation of the very sectors they hate and see as rapicious.

Sorta makes you feel like your head is going to explode.

Comments

Tea Party folk don't "hate" banker,etc. They are disappointed in the select few in banking who can make such huge mistakes and then profit from it at the expense of the general public. Also the government is not following the Constitution, doing an extrememly poor job and then voting themselves an undeserved raise. If you are happy with this then just keep quiet as you have been doing and stay a part of the problem. Terry Maides
Extremist exist on both sides of the proverbial political fence. But as in marriage, unions, mergers, etc.... a compromise must be reached for the majority in the middle. Everyone wants what is "best," however, as individuals, we all have free will and independence that makes us think each one of us is right and how dare anyone question that ???? Socialism, Capitalism.... Both are the dividers in America now.... There are Benefits and Pitfalls to either one, but somewhere is the middle, is a place where we can all agree - to some extent. No one wants to hinder the next "big thing" in technology, nor do we want to limit helping those need the most help.... So teach to those who can learn, help those in need, and let creativity expound.... We can all learn from each other!

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