Washington Post: Republicans voted unanimously Monday to block an effort to overhaul financial regulations from reaching the Senate floor, pledging to hold out for significant changes to the bill even as they acknowledged the political risk of appearing to obstruct a popular cause.
The 57 to 41 vote in favor of beginning debate, short of the 60 needed, was expected, although Democrats did suffer an unanticipated defection when Sen. Ben Nelson (Neb.) joined Republicans as a no. Senate Majority Leader Harry M. Reid (D-Nev.) was prepared to call further votes Tuesday, Wednesday and beyond.
"We need to keep the pressure on to get a deal as quickly as possible," Reid spokesman Jim Manley said. [MORE]
Let the game begin. Harry Reid and the Democrats aren’t really that serious about reforming the financial industry. If they were, how come such troublesome things like, Fanny Mae, Freddy Mac, the sub prime mortgage market or Mortgage Backed Securities are not addressed? These were the things that damn need brought down our financial house. Instead, what we get is another 1300+-page bill, which seeks to give government more control over the private sector.
Democrats are looking for issues to run on in November. By trying to paint Republicans as defenders of Wall Street excess, they hope to give themselves something else to run on other than ObamaCare. Look for Reid to drag out this bill for all it is worth.
Ben Nelson is also playing a game here too. He wants to distance himself from Reid and Pelosi whenever and wherever possible in a sorry attempt to erase the memory of the Cornhusker Kickback. Good luck with that, Ben! In the end, should a significant Republican issue be addressed in a rewrite of the bill, old Ben will be right back on board with the Democrats.
Via: Memeorandum
Via: The Washington Post
Via: banking.senate.gov
Posts
16 comments:
"Ben Nelson is also playing a game here too. He wants to distance himself from Reid and Pelosi whenever and wherever possible in a sorry attempt to erase the memory of the Cornhusker Kickback. Good luck with that, Ben! In the end, should a significant Republican issue be addressed in a rewrite of the bill, old Ben will be right back on board with the Democrats."
I read the article and waited for this truth- absolutely right- and I would say that, except for the the most oblivious of people", you are right on the money. Too little too late, and we know you are screwing us to your benefit. Politicians that don't have principles should be purged-
I heard Dick Morris on the radio today and he was saying that this bill will put the government in control of every loan given in the country. I don't know if that is true, as I am not a big fan of Dick Morris, but if it is, that is very scary.
It is just yet another power grab.
This will regulate by the gov loan amounts, who and when, etc...according to Wall Street Journal.
And for benny boy....will Nebraska fall for it??
I pray to the Almightly God they will not and will kindly give him a boot out the door
Yeah, Ol Ben is "playing a game".
It is called "What the hell will I do!?!! No Health Care, No Medicare, No Social Security, and the next time Im up, No Job."
..and it's got to be done "as soon as possible", as usual. I am SO tired of the left trying to push legislation through like this. Such freaking disrespect for anyone except themselves and their own agenda.
Ozzie:
Nelson knows that as things stand, his goose is cooked when he runs for re-election. He is banking on the fact that everyone has short memories. He things if he develops a short record of conservative votes, we will think he was conservative all along. Fat chance!
Just a Conservative Girl:
I have not read enough of the bill to find out if that is true. However, I did hear about that as well, from source other than Morris. What I have read so far is that several new agencies are created for oversight, but I still have not found anything that deals with the issues that caused the meltdown in the first place.
Anonymous:
Can you provide the link to the WSJ article you mention? I have fallen behind on my reading and that sounds like something I need to catch up on.
I too pray Nebraska does not send Nelson back to the senate in 2014.
Larry Sheldon:
...and the next time Im up, No Job.
From your mouth to God's ear!
Jamie Lynn:
I too am quite fed up with all these bogus crisis. Everything is rush, rush, rush. Then after it is passed, we learn about all the nasty surprises. This song and dance is getting really old.
Kinda Sorta off topic.....
What's up with the Puerto Rico statehood bill coming up tomorrow?
Isn't he just trying to help Warren Buffet "the oracle of Omaha"?
Larry Sheldon:
This should give you an idea what is going on.
http://www.therightscoop.com/glenn-becks-dire-warning-of-a-vote-tomorrow-on-making-puerto-rico-a-51st-state/
Patricia:
LOL now there is a new thought.
I was trying to spread the word. I watch Beck--and read about it somewhere else--I forget where
Larry Sheldon:
Good job spreading the word! The vote on PR seems to be flying under the radar.
Post a Comment