Posted on 02/06/2010 3:36:17 PM PST by NormsRevenge
WASHINGTON (Reuters) – President Barack Obama told fellow Democrats on Saturday this is no time to "lick our wounds and try to hang on" and vowed instead to press ahead with financial regulatory and healthcare reforms.
...
Obama came out swinging at a meeting of the Democratic National Committee, accusing Republicans of caring more about "scoring political points" than solving the country's pressing problems like high unemployment.
But Obama presented no new ideas on how the Democrats could overcome obstacles that have stalled his domestic priorities.
The political climate in Washington has become more fractured as lawmakers adjust to a new reality now that the Republicans' gain of a Massachusetts Senate seat has given them the ability to block bills using procedural hurdles.
Hammering one of his biggest challenges, Obama said "America can't afford to wait" for a financial regulatory overhaul to plug gaps widely seen as the root of the 2008 markets crisis that tipped the economy into deep recession.
He spoke a day after Senate Banking Committee Chairman Christopher Dodd declared an impasse with Senator Richard Shelby, his Republican counterpart in negotiations to reach a compromise on tightening financial rules. The situation leaves Democrats with the option of trying to proceed alone.
"If we've learned anything from the devastating recession, we know that wise regulation actually can enhance the market and make it more stable and make our economy work better," Obama said. "We can't return to the dereliction of duty that helped deliver this recession."
Obama senior adviser David Axelrod suggested, in an interview to air on C-SPAN on Sunday, that some Republicans were yielding to an "enormous lobbying campaign" by financial firms opposed to reform.
(Excerpt) Read more at news.yahoo.com ...
The dims ain’t been wounded yet. Wait until Nov.
Thank you!!!
What’s wrong with this picture? Dem in the WH, huge dem majorities in both houses of congress, and they can’t get anything what they want done. Now they lose one seat in a special election for a temporary senator, and they’re “licking their wounds?”
Maybe, just maybe (and I’m not worried about them reading this here) they wouldn’t be facing electoral meltdown in November if they would just DO WHAT THE PEOPLE ELECTED THEM TO DO. Too much to ask I suppose.
That was a lovely treat. Thanks for posting it.
I hate it when I wake up in the morning and Barack Obama is President.
http://www.facebook.com/profile.php?
Lick their wounds? LOL!!! They need tourniquets!
Of course you, Barry, never ever tried to score political points while you were running for office, did you? Oh, you’re still running?
Angela McGlowan is on fire! That was a great video.
rats on a sinking ship
pass the popcorn, because their troubles are only just begining.
the only good rat is a dead rat.
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