Fiduciary rule opposed

If you ever needed a reason to vote the bums out, this is it. Cathy McMorris Rodgers has done the unthinkable this time. She has voted to take money out of the pockets of working constituents she is sworn to represent in the 5th Legislative District.

On April 8, the Labor Department issued a long-overdue rule called the “fiduciary rule.” This rule requires financial advisers to act in the best interests of their clients when it comes to retirement accounts. Many people assume their financial adviser already does this, but it’s not so. Over the years, billions of dollars have gone into the pockets of the advisers who gave advice that benefited them at the expense of their client. This hard-earned money is counted on to support us in our old age, not to make golden years for financial advisers.

I didn’t think anyone with a moral sense of right and wrong would think this is a bad rule. Did you? Well, there is someone. Cathy McMorris Rodgers voted to rescind this rule. She cares more for Wall Street financial advisers than she does for her own constituents. The time has come, dear voters, to vote this woman out.

Carol Johns

Spokane