Senate GOP Blocks Financial Reg Bill Again

[cal04]

Source: Associated Press

For the second day in a row, Senate Republicans have blocked action on legislation to impose greater federal control on the nation's financial industry.

The vote was 57-41, three short of the 60 needed for Democrats to advance their measure.

A third test vote is expected on Wednesday.

Democrats accuse Republicans of trying to block legislation as a favor to Wall Street. GOP leaders say that's not so -- and are circulating options they say could form the basis for compromise.


http://thehill.com/blogs/on-the-money/banking-financial-institutions/94659-republicans-block-democratic-financial-overhaul-a-second-time

Read more: http://www.nytimes.com/aponline/2010/04/27/us/politics/AP-US-Financial-Overhaul.html?_r=1

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Sen. Ben Nelson was again the only Democrat to join Republicans in voting against the motion to proceed to debate on the bill.

[blm]

1. Fascists

.

[Mz Pip]

2. The Republicans need a compromise

to even debate the issue? I thought that's what the debate was for.

Time to make them all stay up late and force this issue.

[Bitwit1234]

3. Where's the media....you don't hear a word about the GOP

obstructing financial reform. What you need is for the Democratic senators, one by one call a press conference and tell the country what they GOP is doing supporting the banks and wall street that started this mess in the first place. Along with the fact that the bush administration de-regulated wall street which allowed them to do this.

[tomm2thumbs]

5. all the Financial advertisers who buy air time won't like it - so the media shut their traps

We wouldn't want anyone to stop buy ads, now would we?

[quiet.american]

4. These @#$&*. Same shite, same bat channel.

The M.O.:

1) One or two ranking GOP committee members, according to the scuttlebutt we always hear, "work" with the Democratic committee chairperson for half a year or more to "craft strong legislation." The rest of the GOP idiots sit on their hands/caucus with Frank Luntz/spread propaganda.

2) When the time comes for a vote, said ranking committee member who "worked in good faith to craft strong legislation" is a reliable NO vote to actually pass the legislation.

3) Boehner and Mitch the Chin start banging the drums to "start over" and "compromise" on "a real bi-partisan bill" which they "are confident could pass."

4) The GOP starts circulating a nicely-bound 20-page-count-or-under document that contains their worthless "brilliant" "solutions" for whatever the topic is.

5) Frat-boy-like procedural manuevering and point-of-order moves follow to block any progress on a vote.

6) Democrats weather the antics, call out the GOP's bullshit on the House and Senate floors, and throw in a couple manuevers of their own.

7) The Republicans get their asses kicked.

8) Republicans waste no time in taking credit/receiving the funding/raising money on the bill they just tried to sell to their constituents as absolute anathema.

Rinse, repeat.

[Joe Chi Minh]

6. The more things change... Megan Carpentier exposes it in the Guardian:

http://www.guardian.co.uk/commentisfree/cifamerica/2010/apr/27/financial-reform-bill

[ozymandius]

7. That must be a yummy delicious Shit Sandwich the GOP is eating.

That's because they keep biting. Every time they vote in favor of the banksters that sandwich gets thicker.