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The Wall Street Financial Reform Bill is supported by most American's……

That’s the results of a new Washington Post/ABC poll…which is music in Obama and the Democrats ears……

That’s playing against a report that Sen. Shelby has lined up the 41 Senate Republican’s against signing on to the Bill at this time….

More bargaining?


Again…There will be a Bill..the GOP can’t afford to do another Healthcare thing and get shut out and labeled the party of ‘No’…..

About two-thirds of Americans support stricter regulations on the way banks and other financial institutions conduct their business, according to a new Washington Post-ABC News poll.

Majorities also back two main components of legislation congressional Democrats plan to bring to a vote in the Senate this week: greater federal oversight of consumer loans and a company-paid fund that would cover the costs of dismantling failed firms that put the broader economy at risk.

A third pillar of the reform effort draws a more even split: 43 percent support federal regulation of the derivatives market; 41 percent are opposed. Nearly one in five – 17 percent – express no opinion on this complicated topic.

President Obama, who traveled to New York last week to deliver his case for sweeping changes to the financial system gets an even-up review of his performance on the issue, with 48 percent of those polled approving of his handling of financial regulation and 48 percent disapproving.

But compared with congressional Republicans, Obama has a clear advantage. A slim majority – 52 percent – of all Americans says they trust Obama over the GOP on the issue, while 35 percent favor the Republicans in Congress. Independents prefer Obama 47 to 35 percent, with 16 percent trusting neither side on the issue.

In the poll, most Democrats back each of the three major elements of the reform legislation and most Republicans oppose them, echoing the congressional showdown expected this week.

The area with the highest levels of cross-party support is on more robust federal oversight of the way banks and other financial companies make consumer loans, such as auto loans, credit cards and mortgages……

More…… and the poll numbers…..

Shelby piece……

“I believe that 41 Republicans right now are going to stand together,” Shelby said of Monday’s planned 5 p.m. test vote on the Senate floor. “I wish we’d stand together, period,” he added, noting that such unity would give GOP members “more negotiating power and more clout.”

Shelby’s comments to a crowd of community bankers at the Mayflower Hotel came as Democrats increasingly coalesced around the far-reaching legislation. They are eager to pressure Republicans into a difficult vote, in which liberals could characterize those who oppose the bill as trying to protect Wall Street.


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

1 Comment »

  1. […] This post was mentioned on Twitter by James Finley. James Finley said: The Wall Street Financial Reform Bill is supported by most American's……: http://wp.me/pAL4p-2xI […]

    Pingback by Tweets that mention The Wall Street Financial Reform Bill is supported by most American’s…… « PoliticalDog101.com -- Topsy.com | April 27, 2010 | Reply

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