Tester Admits to Forcing Montana Banks Out of Business
Sen. Jon Tester admits that legislation he supported in the US Senate has forced Montana businesses to shut down. This, as CNN lists the Montana US Senate race in the top 10 list of Senate seats most likely to switch parties.
As The Washington Post reported, The US Senate looks poised to roll back some of the Dodd-Frank financial regulations that were supposed to target Wall Street, but instead targeted Main Street.
And, get this, Sen. Jon Tester (D-MT) basically admits that the very regulations he supported have forced Montana businesses to shut down. Per the Washington Post:
Sen. Jon Tester (D-Mont.), a Banking Committee member and one of the new bill’s leading Democratic supporters, said banks in his largely rural state have been going out of business in part because of the regulations imposed by Dodd-Frank.
“The Main Street banks, community banks and credit unions didn’t create the crisis in 2008, and they were getting heavily regulated,” Tester said, contending that “there’s not one thing in this bill that gives Wall Street a break.”
Meanwhile, CNN lists Montana as number 7 in the top 10 list of US Senate seats most likely to switch parties:
Last in a string of five straight Democratic-held seats in states Trump won by double digits, Tester is watching and waiting to see how the GOP primary develops.
State auditor Matt Rosendale, the other Senate candidate with a flat-top, appears to be the Republican front-runner, with businessman Troy Downing, former judge Russell Fagg and state Sen. Al Olszewski are also in the race.
To top it off for Tester, apparently Planned Parenthood is now deciding to spend their cash elsewhere, as Townhall.com reports:
Sens. Joe Manchin (D-WV), Joe Donnelly (D-IN), Claire McCaskill (D-MO), Heidi Heitkamp (D-ND), and Jon Tester (D-MT) won’t be seeing a dime, even though McCaskill, Tester, and Heitkamp all have 100 percent ratings from Planned Parenthood.