Financial Reform Chicken

Cannot imagine the Democrats will lose this fight. There will be serious political consequences for Republicans if they actively fight to filibuster this bill – and without producing any alternative to better regulating Wall Street, too.

http://www.political-buzz.com/

Adam, is it just one vote? Lieberman is NOT a D. Is he fully on board or will he pout and stamp his feet like he did during HCR?

If Lieberman’s wife had ties to Wall Street instead of the insurance-pharmaceutical complex, then yes, he’d probably throw a tantrum.

I have to say, it’s nice to see Harry Reid actually strap on a spine.

i have to say, im glad harry reid put a strap-on. lets hope those cojones start maturing.

im glad harry reid put a strap-on
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*SQUICK!!!*

More Government intrusion into our daily lives by passing this so-called “Financial Reform Bill”. More neo-socialist crap from the Obama Administration. What’s next? Will they want to change how water is defined in our country?
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Oh yes, they already are attempting to “re-define” the Clean Water Act.
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http://www.alternet.org/water/135504/new_bill_would_restore_clean_water_act_protections/
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Wake up America!!! Don’t you see what the neo-Socialists who control the Democrat Party are trying to do?
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The health care law was passed, we let them do it. Now they control 1/6th of our economy. Are you going to let them now control every drop of water in the United States of America? Tell you what you can and cannot do with the water on your own property?

Oh yes, they already are attempting to “re-define” the Clean Water Act.
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http://www.alternet.org/water/135504/new_bill_would_restore_clean_water_act_protections/
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Wake up America!!! Don’t you see what the neo-Socialists who control the Democrat Party are trying to do?

In the link:

Legislation introduced in the United States Senate April 2 would restore critical Clean Water Act protections lost through six years of confusing and contradictory court and government agency decisions

[...]

Restoring the ability of the Clean Water Act to protect water resources must top Congress’ water agenda. Supreme Court and agency decisions put at risk Clean Water Act protections for headwater, intermittent and ephemeral streams that supply drinking water systems that serve more than 110 million Americans. In total, 59 percent of the nation’s waterways and millions of acres of wetlands are currently at risk.

So… what you’re saying is that neo-Socialist democrats are attempting to 1) make sure we have health care, 2) make sure we don’t have to bail banks out anymore, and 3) make sure we have clean water to drink? As opposed to letting your children get denied health coverage, letting the financial sector gamble with your pension/retirement, and letting corporations pollute your drinking water?

We can drink cyanide whenever we want to! Or, whenever local government tells us to drink cyanide tainted water, it is our freedom to obey and drink cyanide!
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With financial reform, we’re letting the government stop the banks from bankrupting themselves and us!
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How dare they! What if we just happen to want to be bamboozled out of our life savings!
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Slavery is the new freedom!
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Stop the double speak, Newslaveryblog.
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You want us to do everything that big corporations tell us to do.
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BTW: like most people who do any kind of business-to-business services of any kind, I work almost exclusively with very small businesses since that is the huge majority of all businesses out there.

The free market can best decide when to poison the ground water, when to receive bailouts, and when to deny sick people medical coverage.

Thank GOD the Democrats are now taking the proper steps towards getting things done.

The notion of bipartisan with Republicans on key matters in this current political climate is not realistic and will be very difficult to achieve.

Even if a few Republicans decide not to toe party lines for this bill, it means very little because on both sides of the political debate most constituents agree that Wall street needs to be better regulated. Therefore, this “bipartisanship” on financial reform is not real.

It is compelled by circumstance and not ideology and is therefore unsustainable in the most absolute sense–except if the current political climate becomes less viciously partisan.

There is no desire by the Republicans to work with this President to get anything done.
They will vote with Democrats only if it is absolutely politically expedient to do so, just as the so called Republican “Independent” of Massachusetts who voted with Democrats because he has a short term and so needs to play to the galley in living up to his campaigning as an “Independent”.

In two years, Sen. Brown faces the electorate again so has to do this dog and pony dance with the Democrats to show he is not a hard core Republican/anti Obama/ the people be damned proponent… but he is.

As for Snowe, why is she being mentioned again?
She went all over the place in the Healthcare debate and at the end of the day did not change her position on anything.

She cost the Democrats time and complicated the debate. She is a liability and not a potential bipartisan anything.
In fact, She might be the Republican card for lengthening and confusing negotiation.

Other than remarks and posturing, there is no real indication that Snowe has any real intention to work with this President on his agenda.

The Democrats should just keep on working in the same manner in which they passed Healthcare reform.
They should focus on shepherding their own party!

Snowe or wind or whatever her name is… should get a life. Her waffling and posturing is so typical of the Washington establishment. So old. So typical.

LM
http://bestrongbehappy.wordpress.com/2010/04/17/women-implant-in-yourself-the-ideals-you-cherish/

Patrick, you responded to me on another post that you too were having trouble getting RSS comment updates. Still having the problem?

No, no! You idiots are doing it all wrong. You’re supposed to look at what Rusty says, and then look to see that there’s a link. You’re not supposed to actually read the link- that spoils the brilliance of his message. WAKE UP AMERICA! Don’t you see that neo-socio-communal-fascists are trying to get you to actually read Rusty’s links. Its tantamount to slavery!

I live in a social democratic country (Norway) where we – among many things – have socialized medicine . The unemployed as % of the population is less than 4 % . The main thinking here is that what is good for the state is good for the people . In the US I believe it is “what is good for Wall Street is good for Main Street”.

The other important difference among many is that the US public fear government. In most countries in Europe it’s the opposite ; governments fear the public.

So, Harry has put on his boxing gloves. Good for him. I now await Corker’s twang as he explains how important it is for his side to get more time to fix this bill.

You are pathetically clueless. Financial reform is absolutely needed. As proof, many of us lost almost half of our retirement funds, while others lost their homes and jobs, due to lack of oversight of the financial sectors by the Bush Administration which fostered greed, lies, fraud, and abuse by Wall Street. One of the responsibilities of government is to oversee the welfare of its peoples, whether it be security, commerce, transportation, healthcare, and protection from preditors.
I suppose you would like to see us more like Afghanistan where tribal chiefs rule and there is no adherence to central government.

“you too were having trouble getting RSS comment updates. Still having the problem?”
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Yes, I am still having that problem.
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On the other hand, I am not sure that I mind coming back finding things rather than having my inbox stuffed. So, I am not sure if I miss it.

@Shakespeare: re: Reid: Hmmph.
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Polls show that the GOP message of opposing Wall Street Reform is a lead balloon…
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Next, rumor has it that several R’s might vote with the Dems…
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And THEN…Reid draws a line in the sand.
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IMO, it’s easy to talk tough when your wingman has a 50-cal leveled at you opponent.
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OTOH, Reid’s folded his hand before with better cards than this, so I guess having a spine made out of jello is an improvement over having no spine at all…

“So… what you’re saying is that neo-Socialist democrats are attempting to 1) make sure we have health care, 2) make sure we don’t have to bail banks out anymore, and 3) make sure we have clean water to drink? As opposed to letting your children get denied health coverage, letting the financial sector gamble with your pension/retirement, and letting corporations pollute your drinking water?”

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Yes, this is exactly what I am saying. The Federal Government is amassing a major big power grab over everything that affects our daily lives.
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Do you honestlly believe the health care law has anything to do with keeping you healthy? It’s nothing but control and power.
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We should have never bailed banks out to begin with. The current “Financial Reform Bill” is nothing more than a power grab over business, and our ability to borrow money. Is Freddie and Fannie Mae included in this so-called reform? Hell no. Why isn’t it? Oh, the Government ALREADY controlls Freddie and Fannie. Why would they want rules and regulations controlling what THEY do with these two giants in Home Loan Financing? More control and more power.
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And the next big power grab is for the largest natural resource which the Federal Government does not fully regulate and control. Water.
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Simply ask yourself what all the rush is to get all of these things centralized under the Federal Government? Why is it so imperitive, right now to pass all of these very controversial bills?

It is raining here this morning and water is draining off the driveway and sidewalks. Will these puddles come under federal purview now, if the Clean Water Act is amended to let the government regulate the uses of every body of water (no matter how small) and all the surrounding land that drains into these waters?
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Are there any limits to the reach of the Commerce Clause? And will the EPA be able to regulate my sneezing, belching, and farting?

Reid & Company are so focused on getting re-elected, that they do not care whether their bank-bashing does more harm than good.
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All the potential losses on Wall Street are a pittance compared to the default of a single smallish country like Greece or Portugal. Yet none of the Democrats seem concerned about actually strengthening the banking sector, so it can withstand the potential fallout from sovereign debt defaults. And they absolutely do not care about the growing US government debt. Again, nothing matter except trying to salvage the election chances of a handful of inciumbent politicians.

Let me clue those right wing crackheads in:
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You are on the seriously short end of this particular stick. I think that you should stand your ground. By all means, lets get the show on the road, NewRusty, et al, if you really think you are doing this country a favor.
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Because, you see, ti’s beginning to appear that 80% think that you will only hurt yourselves!
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So, by all means, try to put Palin in office! Keep the BAU atmosphere going in Financial! Hells bells, full speed ahead, stay the course, by all means.
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After Rush Limbaugh’s position on company perks earlier, Bunnings’ mishap with jobless benefits, HCR (which is starting to look more and more like a problem for you crackheads!), you are just not satisfied with pain.
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Hell no! You need excruciating pain!
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Go for it!

Enjoy your ride on that particularly sick horse! Hope it takes you somewhere…
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BTW, has anybody ever told you that if you don’t know how to pick ‘em, you shouldn’t play ‘em?

I am glad you asked jbastiun. Yes. The amendment or bill to the Clean Water Act of 1977 WILL remove the word “nagivable” from the current legislation. Yes they will be able to control all water resources down the the smallest puddle in your driveway.
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You can read more here:
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http://www.newfreedomblog.com

Yes, yes, yes, yes, and, of course, on that last, yes.
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Cover your butt with your hand when you fart. In these days where H1N1 can spread, you just gotta be careful, ya know…
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Are there any more monsters under your bed?

I think he’s moved up into plaster-of-paris territory, kbanger.
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This is such a slam dunk that he doesn’t need more than that…

I’m not much of a fan of Harry Reid, but you guys are being a bit harsh. Health care reform was/is unpopular in Reid’s home state, and his poll numbers actually went down after its passage. Yet he stuck to the line and rallied the votes. You have to give him credit for that.
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The poll numbers just didn’t support making them filibuster health care, but financial reform is a different story. And Reid’s doing it. He doesn’t have to, as the Republicans have no unity on this issue, but Reid is taking it to them anyway. It’s a pro-active aggressive move and smart politics.

A bit partisan, your post. For better or worse, Greece and Portugal (and Spain and Ireland) are the EU’s problem to fix. And they will, as the repercussions for European banks and economies would be utterly catastrophic. And considering our own ‘banks’ culpability in the sorry state of those countries’ sovereign debt makes it all the more imperative that financial reform go through.
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As for our country’s debt, there is plenty of blame for everyone, including you and me. Remember that it was Reagan’s voodoo economics that thrust our country from creditor to greatest debtor nation, that W doubled our debt in 8 years on the heels of Cheney’s “deficits don’t matter” mantra. Most of the deficits of 2009, 2010 were legacies of 2 wars, 2 tax cuts for the rich and shoring up a collapsing economy. As for you and me, our consumption of cheap foreign-made junk pretty much made China our overlords. So save a little outrage for your mirror.

@nibbly:
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Granted, trashing Senator Reid is a pastime here in the Swamp, however…
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Your comment highlights exactly what was/is deficient with Reid’s leadership, that is:
– If Obama’s/TheDems main goal was to pass HRC, and
– If HRC is unpopular in Nevada, and
– Reid’s re-election poll numbers were low to begin with, then:
WTF was he doing as majority leader?
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Wouldn’t it have been more prudent for him to be one of the Blue Dogs so that he could vote for cloture and then vote against the final bill?
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As it turned out, It seems that he wanted his cake (maj leader) and tried to figure out how to eat it without anyone noticing.
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Thus, it took over a year to pass HCR.
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Reid gets credit for passing HCR, just like Stabler gets credit for throwing the “Immaculate Reception”…

@nibbly:
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Sorry to babble on, but one more thing caught my eye. You wrote:

“And Reid’s doing it. He doesn’t have to, as the Republicans have no unity on this issue, but Reid is taking it to them anyway.It’s a pro-active aggressive move and smart politics.”

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I agree that this is smart politics.
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I disagree that it is aggressive. Agressive to me would be if Reid were to do something like this before it was clear that his case was a slam dunk.
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I’ll be curious to see how Reid leads the upcoming SCOTUS appointment. I’d bet that if first nominee is “controversial” in some way, he/she will not get an up-or-down vote in the full Senate…

“Do you honestlly believe the health care law has anything to do with keeping you healthy? It’s nothing but control and power.”
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This is where you are delusional.
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Is the Post Office about “Control”.
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Are Fire Departments about “control”.
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Within limitations, police departments are about control, but that is about controlling lunatics who try and harm you when you disagree with them on a blog, but, it is not about one party or another since, let’s face it, a majority of cops are Republican.
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Also, taxing businesses which don’t buy health coverage for their employees doesn’t give the government any additional power.
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A copy and paste of the New Deal’s WPA for the stimulus package giving states, cities and towns the ability to get federal money for jobs which are able to hire the unemployed does not give anybody in Washington more power.
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You think that government administrators want to regulate mud puddles, J? According to this Washington Post Article as a part of the post about the SEC, what do regulators really want to do? Watch porn:
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http://www.washingtonpost.com/wp-dyn/content/article/2010/04/22/AR2010042205783.html
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BTW: this was done during a Republican dominated house and Senate while GWB was president. So, this is what Republicans tolerated since it kept the hands off of fraudsters and kept their hands in other places.

“Reid & Company are so focused on getting re-elected, that they do not care whether their bank-bashing does more harm than good.”
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Separating derivative desks from banks is going to harm banks?
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Creating a fund to pay for their own bailouts instead of waiting relatively arbitrarily for congress to bail them out instead is bad for banks?
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This is one more classic example of conservatives projecting. Obviously shouting out “No” and talking about a bogyman government and saying that you are saving them from it gets votes by the bus load. Real reform – and I am not saying that this is very real, it is reform lite (at best) – is risky for votes when the issues are far, far, far too complicated for a sound bite. (No, I am not being an “elitist” none of this can be understood without reading a few pages or about ten minutes of news dedicated to it and I wouldn’t know anything about it myself unless I took a little time to read about it.)

57Ds, 2Is, 1R. Honestly, the two Is including Lieberman seem more reliable than some Ds (Nelson, Lincoln – though she’s bought for this bill, etc).
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Considering the topic and the lack of some major announcement from some Dem indicating he agrees with the Rs, I think the 59 votes are safe.

Sorry, kbang, but I think Reid waiting until he had the votes to push for cloture is what was both smart and aggressive about it. He’s put the Republican leadership into a corner. I like it.

The problem with saying “Chicken” in this case is the Dems are driving a monster truck and the Republicans are on tricycles – the Dems have no reason to blink.

Patrick, when there is a new posting and the system is working correctly, you don’t have to check the RSS feedback for comments and you won’t get updates.

We all pray for the continued success of
President Obama , Seator Ried , Speaker Pelosi and the Democratic Party in their fight to insure social justice for all Americans including by the Senate Financial Reform Bill .

Have you forgotten? prayer is unconstitutional.
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You may continue to wish, however. Wishing is what liberals do — they wish for different (better) outcomes when they continue to make the same mistakes.