A new attack ad targeting three Democratic senators and one Republican criticizes “hidden taxes on … pensions and retirement accounts” in the financial regulation legislation being considered by Congress, and urges the senators to “vote against this phony financial reform.”

The ad gives a false impression. The Senate bill doesn’t contain the tax mentioned in the ad.

(It) is the work of a less-than-transparent group calling itself “Stop Too Big To Fail,” which says its $1.6 million ad buy is targeting senators in Nevada, Virginia and Missouri (Sens. Harry Reid, Mark Warner, Claire McCaskill and Kit Bond).

So begins a April 23, 2010 posting from Fact Check.org…
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The administration of President Obama and the Democrats are proposing legislation that they contend will regulate the financial sector and keep us our of another economic crisis like the one we are now mired in .

To my mind the trend has been toward deregulation for the past two decades, it has gone too far, and it is, indeed, time to rein the financial sector in.  But whether you agree with me or not, this is an incredibly important issue and it is one that we should debate based on the facts.  That is not what is happening, though.  As with the health care debate, the sides are using heavily loaded, emotional rhetoric in order to scare people into acting a certain way.  We shouldn’t tolerate this.  No matter which side of this issue you are on, demand that both your side and the other stick to facts, and don’t accept emotionally charged, exaggerated, often blatantly false rhetoric.   They owe us that.