Commentary By Ron Beasley
Josh Marshall is spot on here.You can see our reported
story here about Sen. Snowe's suggestion that she may still be in
play for financial reform -- thus holding out the hope that the Dems can
bust a Republican filibuster.Since I'm writing here in the opiniony section of the site: I was
just wondering. Aren't we about in the Third Act where Snowe comes in
and jerks the Dems around for a few weeks before getting upset about the
process and joining the filibuster? Thought so. Thanks.
A couple of Republicans will hint that they might support the bill if it's watered down enough so it won't hurt any of their fat cat masters then oppose it anyway.
My advice to the Democrats and Obama - fuck the Republicans. Dare them to filibuster it and if they do beat them over the head with it over the next few months. It might not work but it just might and they really have nothing to lose.
Obama uses the rethugs as cover to do what he wants whenever it is antithetical to the left wing. Obama only wants weak reforms and by Dog, he's going to let the right-wing force him to it.
ReplyDeleteI fear you are right
ReplyDeleteRon,
ReplyDeleteIs this the same Dodd-sponsored bill that had all the stupid changes to angel investor rules? I'll admit I haven't seen the rest of the bill, but at least those proposed rules (one which would over double the required assets and income to be considered an "accredited investor", and one which would require new companies to wait 4 months for SEC approval to raise money even from accredited investors) needs to die badly. I'm actually not opposed to getting rid of "too big to fail" banks and such. It's just that at least that part of Dodd's bill would kill small entrepreneurial companies. Let's make sure that if we're trying to pass a bill to "sock it to the fat cats on Wall Street" that we're not actually writing a bill that screws the small entrepreneurial companies that are a significant portion of the innovation that keeps America's economy great.
~Jon