Posted on 04/27/2010 3:45:58 AM PDT by Scanian
WASHINGTON -- Senate Republicans yesterday stalled efforts to overhaul Wall Street, but Democrats, saying they were convinced Americans want a regulatory crackdown, insisted they would ultimately prevail.
With bipartisan talks continuing on the measure, Sen. Barbara Boxer (D-Calif.) said GOP lawmakers were "weaker" after they prevented the start of debate on President Obama's reform bill.
"They are stopping this," Boxer said. "People understand that taxpayers are on the hook for billions of dollars, and they understand we have to fix this. The polls are overwhelming."
Obama said he was "deeply disappointed" that Senate Republicans blocked debate on the bill, sponsored by Sen. Chris Dodd (D-Conn.), saying it appeared to be part of a misguided strategy to prevent Wall Street from being held accountable.
Democrats needed 60 votes to open debate. The motion failed, 57-41. One Democrat, Sen. Ben Nelson of Nebraska, joined the Republicans on the vote.
Senate Republican Leader Mitch McConnell sought to rally his members, arguing that a vote to delay debate was not a vote against regulation but for a bipartisan bill.
(Excerpt) Read more at nypost.com ...
I’ve read two articles on this now and neither mentions which Republican voted for the bill or didn’t vote.
Pumping money into the dnor of choice at public expense is a fond dream of the dems.
Gee where did I hear that before. but was he deeply saddened?
Actually two Repubs didn’t vote no - Harry Reid did when he realized the bill was going to fail. I would like to know who the two Repubs are.
It’s a lot of work to find this stuff out. Whew
Murkowski (ARK) and Roberts (KS) didn’t vote.
The notion that the likes of President Obama, advisor Rahm Emmanuel, Sen. Chris Dodd, and Rep. Barney Frank are proposing “reform” of American banking and finance is truly a farce. Obama received around $1 million in campaign contributions from notorious Goldman-Sachs, and his chief of staff, Rahm “Deadfish” Emmanuel was on their payroll. Chris “Contrywide” Dodd has withdrawn from re-election to his Senate seat because of his disgraceful cronyism and kickbacks from the now defunct mortgage lender that cut him special deals as chairman of the Senate Banking committee. Likewise, Barney Frank has used his position as chair of the House Banking committee to drive forward foolish leniency on sub-prime mortgages by Freddie Mac and Fannie Mae, quasi-governmental lending giants at the heart of the collateralized security debacle. Meanwhile, over at the SEC, governmental regulators sat around surfing porn sites while Bernie Madoff went wild. What a pathetic performance.
If Boxer says it weakens the GOP we know she thinks it strengthened them.
They have pretty much accomplished that. However, they want it ALL. Their fond dream is no opposition, period.
They have the media which is worth hundreds of millions in political advertising. They have the money from the labor unions, including teachers and public employees. They have money from illegal foreign sources disguised as donations through the internet. They have Soros, Buffet, Gates, Jobs, Ted Turner, the Kennedys and many other million/billionaires.
Yet, they call the GOP the party of the rich. They're always going to "tax the rich" but they invariably quietly include loop holes for their rich buds and rig the game so their "investments" are no-risk.. We take the risk for them.
One thing you can depend on. What ever the Left says, the opposite is true.
Whoa.. hold on a second there sparky... forget what side of this you are on for just one second.
the opinions of the citizens matter all of the sudden now?
Not too time consuming, once you know where to look. A few handy links. The "votes" one has to be adjusted to suit which congress No. and which session No.
This article says ‘R’s halted debate, but from elsewhere, it was my understanding that ‘D’s wanted to cut off debate to proceed to a vote. Thus, its ‘R’s that wanted furthur debate prior to a vote. So, which is it?
Vote #00124 26-Apr (57-41) On the Cloture Motion on the Motion to Proceed to Consider S.3217 (Restoring American Financial Stability Act of 2010: Dodd)
Not Voting: Bennett (R-UT) Bond (R-MO)
The matter being voted on is a motion to proceed to the bill. The bill can't be pending until a motion to proceed to it has been adopted. The motion to proceed to the bill is still pending, and can be debated until the cows come home.
Technically, a failed cloture motion means the matter under debate "needs more debate." But a failed cloture motion is often incorrectly touted as "the bill failed," or "debate was shut down." In this case, the Republicans don't want to take the bill up, so they demanded "more debate," with the belief that eventually the Democrats will tire of debating this, and either modify the bill to something the Republicans will agree to take up, or move on to something else.
Good...I’m glad when he’s disappointed. Just like I’m glad when he fails.
A mild correction: Murkowski is Alaska, not Arkansas.
No, the GOP did NOT slam the brakes on the debate!
They opened the doors on the debate rather than allow further government takeove of our free enterprise system.
Allowing liberals and this administration to implement anti-American policies without debate, is what the GOP WILL NOT ALLOW!
I think what you are saying is that both sides can claim to be for financial “reform” - ‘d’s for moving the current bill,
and ‘r’s for continuing the debate and modificications. But, ‘d’s are turning off debate in the sense that they deem to have sufficient consensus to move to the next step (voting). Perhaps the confusion is that ‘r’s vote against cloture could be interpreted to either be for furthur debate ... or, for killing the bill.
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