Jamesb101.com

commentary on Politics and a little bit of everything else

Both political parties work together to get the Wall Street Reform Bill done…..

The Dog reported that both parties would get along to get a bill done….

This issue is just too good for every congressmen to keep fighting each other…

Of course the market drop……and the mystery of the bogus trade info makes it even more important politically…

For Congress to appear to be spanking Wall Street and the Big Financial institutions…..

Almost as the founders planned it, senators are considering amendments to a massive financial regulatory bill without any of the usual procedural obstructions that eat up time and force 60-vote thresholds before anything can happen. Democrats are co-sponsoring Republican amendments and vice versa, and some measures are winning unanimous or near-unanimous majorities.

Lawmakers in both parties have embraced the freewheeling environment as a break from the bitter partisanship that marred the health-care debate. That acrimony still lingers over the Senate. Bipartisan talks on immigration and climate change collapsed last week, and Republicans are refusing to release “holds” on scores of executive branch nominees.

But the seamless Republican opposition that had been the hallmark of Minority Leader Mitch McConnell‘s tenure has frayed in recent weeks. GOP senators are forging alliances with Democrats and voting against measures offered by fellow Republicans. They are trying to reshape a bill they don’t like the old-fashioned way — in an open process on the Senate floor.

“It is my hope that this bill will not only produce a good product at the end but also have the healing quality that this institution needs,” Senate banking committee ChairmanChristopher J. Dodd (D-Conn.) said this week. “We’ve been through a lot this Congress, and we need to get back to acting like colleagues.”

There are no signs that Republicans have lost confidence in McConnell, acknowledged as a savvy inside operator even by his Democratic opponents. But the shift does signal that the just-say-no approach he employed until recently has its limits, particularly in an election year when voters are angry at both parties and appear to be gravitating to outsiders.

How long this reasonable phase will last is an open question. Republicans are predicting smooth passage for President Obama‘s Supreme Court pick. A food-safety bill headed to the Senate floor later this month has picked up GOP co-sponsors. Senate Republican leadership aides said upcoming debates over unemployment and war funding could prove anticlimactic, provided Democrats refrain from attaching unrelated provisions.

Or the goodwill could vanish quickly…….

More……..

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May 8, 2010 - Posted by | Breaking News, Counterpoints, Government, Law, Media, Men, Other Things, PoliticalDog Calls, Politics, The Economy, Updates, Women | , ,

1 Comment »

  1. Great points! I will be checking back here often!

    Comment by Cindy | May 9, 2010 | Reply


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