Speaker 1: Hey, folks, this is a teachable moment. Democrats just introduced
Speaker 1: the new bill. It tells you everything you need to
Speaker 1: know about them. Democrats Racial and Economic Equity Act would
Speaker 1: require the Federal Reserve to enforce quotas throughout the entire
Speaker 1: U S economy. Now, under this act, the Feds would
Speaker 1: have to devise policies to minimize and eliminate racial disparities
Speaker 1: in employment, wages, and wealth. The Fed will also have
Speaker 1: to prevent disparities and access to affordable credit. Now, the
Speaker 1: Senate sponsors of this race based monstrosity are Elizabeth Warren,
Speaker 1: Folca Hottess and Kirsten Gila Brandt. In the House, the
Speaker 1: bill is sponsored by Maxine Waters. Now, instead of dealing
Speaker 1: with the nation's money supply, keeping watch on inflation, interest rates,
Speaker 1: and all that, the Federal Reserve would be transformed into
Speaker 1: an all powerful social justice enforcement agency, using racial fairness
Speaker 1: as a cover. Democrats want to give the Fed a
Speaker 1: new mission to force banks and financial markets to adopt
Speaker 1: the radical left socialist agenda. They want centralized control over
Speaker 1: the economy without checks and balances from Congress or the
Speaker 1: executive branch. Right now, the bill won't get past the
Speaker 1: Republican Senate or President Trump. But if the Democrats regain power,
Speaker 1: the enactment of this thing could be a virtual certainty.
Speaker 1: This is all out and out Marxism, it's anti free market.
Speaker 1: It would mean the end of American prosperity. That's why
Speaker 1: Democrats love it. That's why they want it.