Posted on 04/19/2010 6:56:27 PM PDT by tobyhill
Democratic leaders scrambled Monday to peel away the Republican votes they need to bring a Wall Street reform package to the Senate floor this week -- an effort hampered by sharp partisan divisions.
Both sides are attempting to exploit a lingering resentment toward Wall Street in the election-year debate. Democrats have seized on the attempt to curb reckless investment practices as part of an effort to depict the GOP as out of touch with the concerns of average Americans. On Monday, Democrats sought to use a lawsuit brought against financial giant Goldman Sachs by the Securities and Exchange Commission as a cudgel to persuade Republicans to line up behind the bill.
Republicans, in turn, think voters have even less faith in Washington than in the banks and investment houses that played central roles in the nation's economic collapse, and they are portraying Democrats' overhaul attempt as a "bailout" that could cost taxpayers billions.
(Excerpt) Read more at washingtonpost.com ...
You freakin idjits.
The republicans should take a step back and let the dems own this thing, and not make much noise against it. As soon as they pass the bad legislation, then beat them over the head with it til election day.
It's not a small thing, this Administration keeps absorbing private industry at an alarming rate. Years ago, it would have seemed impossible for the government to just take businesses over or close them down yet now it seems almost normal.
This is not politics as usual and if we don't stop them now, we'll soon get to a place where we can't stop them
....so “reform” means “fascism”?
that would make too much sense.
It’s another step for Government takeover and another step closer to full Communism.
Ummmm....wasn't Dodd responsible for FORCING the banks to participate in this "lending abuse" i.e. giving loans to people who couldn't afford to make payments?
Yeah, I thought so.
Making sense is just it.
This debate is going to be so complex, there won’t be no way in hell of communicating opposition to it to the people in this media environment we are in. Simply because the issues involved are so complex. Even those of us that ‘pay attention’ to politics can’t grasp the complexities of the markets. This entire matter is going to depend on media filters, and that is a losing battle. The R’s are better off on this one to keep quiet, and let them pass a bad bill, because there is no winning a PR war with this thing.
So far, I think the republicans have taken the right approach by claiming that the legislation is nothing but bailouts from now on, but I don’t know if that can hold up for the duration.
Actually, the R's are better off to mount a filibuster and stop this monstrous bill in its tracks -- shutting off debate.
Which they plan to do...
Just how much bribe loot do they HAVE? (And will this be properly adjusted for on Hussein's 2010 tax return form?)
The Republicans should suggest the they should all get rid of the donations from Goldman Sachs before there is any talk of a bill.
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