Peterson's corporate deals
Minnesota District 7 Rep. Collin Peterson will be voted out of office.
He has taken a stand against health care reform because it would add to the federal budget deficit and not be "sustainable." Peterson ignores the fact that health care costs for his 7th District voters and people are not "sustainable." It is clear that the corporate interests have bought him out.
Peterson has said no to a regulatory plan President Obama had proposed to end the financiers' greed that had caused the current economic recession. That financier greed had required the massive bank bailouts earlier this year to save the economy from depression but adding to the federal budget deficit. Peterson's "no" ended a clean regulatory plan that would have combined the Securities and Exchange Commission regulating Wall Street trading with the Commodities Futures Trading Commission regulating futures trading in commodities such as oil, corn and wheat. Peterson's House Agricultural Committee has oversight of the CFTC, meaning Peterson and Ag Committee members keep getting campaign contributions from corporate financier interests. Large agribusiness corporate interests collect billions of dollars of subsidies adding to the federal budget deficit.
Constituents including people Peterson has labeled as "crazy" for mistrusting our government recognize how Peterson has taken care of his corporate campaign contributors. With health care industry contributions of between $250,000 and $500,000 as reported by Opensecrets.org, Peterson says no to a strong health care public insurance option that would force insurer competition, reducing growth of unsustainable costs even while providing insurance for millions of people. Medicare could remain protected, according to Factcheck.org.
But Peterson's "no" proves he is no cost containment accountant. Economic disaster will result for everyone. Peterson's "no!" only protects his corporate wheeling and dealing. Peterson will not be returned to Congress. Voters will remember.
Erwin R. Rud