Posted on 12/11/2014 8:08:26 AM PST by SeekAndFind
Senator Elizabeth Warren is bat guano crazy. She is calling on Democrats in the House to oppose the bi-partisan budget bill negotiated by the House and Senate because an obscure rule dealing with derivatives contained in the Dodd-Frank financial regulation reform bill has been removed.
If House Democrats follow her lead, the budget bill will fail and the government will be forced to shut down at 12:01 AM on Friday. At present, Speaker Boehner does not have enough votes for Republicans to pass the measure themselves. That’s because some conservatives in the House are also bat guano crazy and insist they can defund the president’s immigration orders, despite a majority of Democrats in the Senate and a certain veto from President Obama, even if they could somehow get the measure through the upper body.
I have yet to hear one right-winger explain just how defunding can work under these circumstances. Do they plan to hypnotize 15 Democratic senators and, through the power of suggestion, get them to vote for the provision defunding the immigration executive orders? Maybe they don’t know that President Obama has to sign the bill for them to achieve victory. Lacking a coherent plan, their futile gesture will fail and make them look, well, crazy.
Sen. Elizabeth Warren (D-Mass.) called on Democrats in the House to use their leverage and reject a bipartisan spending bill to keep the government open until a measure tucked inside rolling back a piece of the Dodd-Frank financial reform law is removed.
“Who does Congress work for?” Warren said in a speech on the Senate floor Wednesday afternoon. “Does it work for the millionaires, the billionaires, the giant companies with their armies of lobbyists and lawyers, or does it work for all the people?”
Warren’s call went further than House Minority Leader Nancy Pelosi, who said Wednesday that she is “deeply troubled” by the banking measure. The Democratic discontent with the measure could make passing the bill more difficult, as House Speaker John Boehner is not expected to have enough votes on his own.
(Also on POLITICO: Coburn threatens spending deal over defense bill)
Warren, a popular figure on the left, told Democrats to withhold their support for the funding bill until the Wall Street provisions are removed. Warren, a fierce opponent of Wall Street, is a populist who has supported reforming banks for years.
“Now, the House of Representatives is about to show us the worst of government for the rich and powerful,” she continued. “The House is about to vote on a budget deal, a deal negotiated behind closed doors that slips in a provision that would let derivatives traders on Wall Street gamble with taxpayer money and get bailed out by the government when their risky bets threaten to blow up our financial system.”
She acknowledged that bipartisan House and Senate negotiators have worked “long and hard” on the spending bill, and that Senate leadership “deserve great credit for preventing the House from carrying out some of their more aggressive … fantasies about dismantling even more pieces of financial reform.”
Note: The amendment to Dodd-Frank would mostly help farmers and other commodity producers.
Some House conservatives want to join with liberal House Democrats to assure a government shutdown. They probably wouldn’t admit it, but that is the practical effect of their plans. But for rabid ideologues of the right and left, “practical” is just another word for “cowardice.”
The irony of Dems threatening a govt shutdown is hilarious -
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If the Dems do follow Lie-A-Watha’s lead and shut down the Government, does anyone believe that the Dems will, actually, get the blame? I’m thinking they will find a way to successfully blame the GOP for the Government shut-down. Someone give me some input here. Am I right or wrong?
She’s trying to do a Ted Cruz but she’s not doing it for the right reasons. Besides, no one is listening to her.
LIAWATHA is also an attention getter, and at this point in the Kabuki Theatre I don’t really care who brings down the curtain on the Omnibus Sellout Bill...just that it is stopped.
I see Warrens quick rise much like Obamas...so “someone” is pulling her strings...sadly she is one of the few against Boehner on his. Strange bedfellows indeed.
Real Party of the Rich Guys: Top Dem donors have outspent top GOP donors by $486 mill in last 25 yrs
http://www.freerepublic.com/focus/f-news/3124160/posts
Recipients of Taxpayer Bailout Are Elite Obama Donors Who Donated Millions to Obama
http://www.freerepublic.com/focus/f-news/2168386/posts
7 Filthy Rich Liberals Railing Against ‘The Rich’ In Quotes
http://www.freerepublic.com/focus/f-news/3155327/posts
THE RICH SUPPORT MCCAIN, THE SUPER-RICH SUPPORT OBAMA
http://www.freerepublic.com/focus/f-news/2118761/posts
Party of the little indigenous peoples...indeed.
Where have I heard that before?
LOL, how right you are! :)
That is how I understand it and I agree with Warren on this issue.
She has a point. Why is this provision in this bill?
A good question, that few here are asking. I can see many reasons not to support this bill and Warren is 100% correct on this one.
I want to shut it down too...
Difference is, I don’t want to re-open it without stripping the FedGov back to Art 1 Sec 8 and firing everyone currently there.
The government shut down and noone noticed, except for Zer0’s attack on the memorials.
That is how I understand it and I agree with Warren on this issue.
Thank you, maybe some here will actually read why she is against this instead of just parroting "she is the enemy, she must be wrong" crap.
Warren is wrong on lots of things but she right on this one and this is about to become law by the sellout congresscritters both Dem and Repub's who have betrayed us all.
I agree that to remove this provision means just one thing: instead of those banks that are engaging in derivatives gambling collapsing, the United States would have to destroy itself to protect them from collapse. THE ENTIRE UNITED STATES COULD FAIL AS LONG AS THESE BANKS SURVIVE is the idea.
This is what the removal of this provision means. Anyone who votes in favor of removing this provision is wholly owned, body and soul, by these banks.
Importantly, these banks are *still* gambling trillions of dollars in derivatives markets, with the same insane addiction as some widowed grandmother gambling away her retirement money on a one armed bandit in a casino.
Bang! There goes the rent money. Bang! There goes the money for medicine. Bang! There goes the money for food.
They don’t care, as long as they can continue gambling.
They must be stopped.
What's my point? If the 'pubs who campaigned on changing things keep selling us out, there's a good chance it will be President Warren.
Wasn’t Palin on the forefront of this?
Bailouts for the 'banksters' &/or the 'companies too large to fail', crony capitalists, etc.
There may not be much common ground, but OTOH, on how many issues are Conservatives and the GOPe on the same page these days, anyway?! Throw in certain (not all) Libertarian ideas about personal freedoms & keeping the gov't out of our daily lives, and it couldn't hurt to piece together a platform and see where it leads.
Problem is, the far-left loons are both closed-minded and lacking in the capacity to think for themselves.
Princess Summer Fall Winter Spring has sprung a gasket?
Bet you won’t find her in the Senate cloakroom nuzzling Howdy Doody or Buffalo Boob.
This seductress wants to sit in the Oval Orifice. Instead of the executive mansion being called the White Hut it will be the White Teepee if the Princess has anything to do with it.
Wonder how she gets along with Soras and the other puppet masters?
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