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November 12, 2009 (LPAC)—Hit with October's report of worsening mass unemployment, November's election defeats, and their increasing rejection by a continuing political mass strike, leading Congressional Democrats are looking desperate. Senate Majority Leader Harry Reid, who is supposed to get President Obama's fascist "healthcare reform" and green-fascist "cap-and-trade" bills through the Senate against a still-building popular revolt, is most desperate.

A desperate Reid told the Senate Democrats' Tuesday lunch Nov. 10 that they will now push "a jobs bill"—no further details, he obviously had just decided on it. "Democrats have been rocked by Friday's unemployment report," reported The Hill, "after Democrats lost gubernatorial elections in Virginia and New Jersey." A Las Vegas Review-Journal poll in October found Reid's approval rating at 32%, his disapproval rating at 51%. In Nevada, where unemployment has more than doubled in a year to 13.5% "official," Reid trails far behind any Republican who wants to run against him for Senate in 2010.

In the wake of the terrible October "jobs" news, even major press, like the Nov. 9 New York Times, are reporting that realistic economists put the real, "effective unemployment rate" at no lower than 21-22%, or well over 30 million Americans.

An equally desperate Sen. Chris Dodd of Connecticut, with fellow desperate Democratic Senators including Schumer, Warner, and others standing behind him, introduced the complete charade of an "anti-Federal Reserve financial regulatory bill" at a press conference. A pure re-election play by a Senator Dodd who is hated as a bankers' bailout boy and far behind for re-election in 2010, the bill is supposed to strip away Federal Reserve power to regulate banks, giving it to a new "super-regulator." But this phony bill is to do this without creating a U.S. national bank; without empowering bankruptcy reorganization by this "super-regulator" but rather having large banks put aside funds for their own bankruptcy reorganization(!); and without restoring Roosevelt's Glass-Steagall law to separate banking from financial speculation.

Dodd lied at the press conference that "our financial regulatory laws were put in place almost a century ago, and they haven't changed." (!) Liar Dodd himself helped repeal the Glass-Steagall Act and the Public Utilities Holding Company Act, and to gut a few other FDR regulatory laws. This bill by this "great bank regulator" is as dead as Dodd is in 2010, despite sensational worldwide publicity.