Jamesb101.com

commentary on Politics and a little bit of everything else

Republican's stop the Wall Street Fianace Bill….for now….

Everybody knew this was going to happen…

The GOP will hold tight …looking for concessions in the bill…..

The president again will have to personally step in to get it done…..

This is Healthcare all over again….drama….but it’ll get passed…..

This is the way of the US Congress….

Enjoy the ride…..

Sensing political momentum at a time of deep public anger at Wall Street, Democratic leaders said they would keep the regulatory bill on the floor — and delay the rest of their busy legislative agenda — to ratchet up the pressure on the Republicans.

Democrats said they believed the fight over financial regulation — and signs of economic recovery in many parts of the country — could help turn the tide of anti-incumbent sentiment that has them bracing for substantial losses in November.

President Obama joined in criticizing Republicans for refusing to begin debate, and urged them to “put the interests of the country ahead of party.”

“We are as vulnerable as we are today in the waning days of April 2010 as we were in the fall of 2008,” said SenatorChristopher J. Dodd, Democrat of Connecticut and chairman of the banking committee, who is the primary sponsor of the bill. “Nothing has changed, except, of course, jobs have been lost, homes have gone into foreclosure, retirement incomes have evaporated, housing values have declined.”

Republicans, too, see major advantage in their stance, with the Senate minority leader, Mitch McConnell of Kentucky, using the issue to bolster his overarching political argument this year: that the Democrats’ one-party rule in Washington is detrimental.

Mr. McConnell, in a floor speech on Monday, rattled off a list of major legislation that he said had not benefited Americans in the ways Democrats had promised, including the economic stimulus measures and the health care legislation. “The days of taking the Democrats’ word for it are over,” he said.

The vote on Monday was 57 to 41, as Democrats fell short of the 60 votes needed to cut off a filibuster of a motion to proceed.

More……..

April 26, 2010 - Posted by | Breaking News, Counterpoints, Government, Law, Media, Men, Other Things, PoliticalDog Calls, Politics, Projections, The Economy, Updates, Women | , ,

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