Commentary By Ron Beasley
No one was willing to bail out Morning Joe on the bailouts:
Visit msnbc.com for breaking news, world news, and news about the economy
Even MSM stooge Halperin won't go to bat for the Democrats Republicans. Mitch McConnell is even singing a slightly different tune.
A Democratic Wall Street overhaul bill may be gaining an unlikely
champion: Senate Minority Leader Mitch McConnell (R-Ky.).
After a week of attacking the pending legislation as a ticket to new
taxpayer "bailouts," McConnell is striking a different tone. Monday on
the Senate floor, he called for lawmakers to move beyond "personal
attacks and questioning each others' motives" to "fixing the problems in
this bill."
And McConnell conceded, after being chastised by no less than President
Obama in his weekly radio address, that "both parties agree on this
point: no bailouts. In my view, that's a pretty good start."
The Democrats have the upper hand and they need not concede too much - the bill is already inadequate. The Republicans are coming to the realization that a filibuster will hurt them.
Ron,
ReplyDeleteNot to sound like a broken record, but one of the problems that needs to be fixed is the proposed changes to rules on angel investors. The financial meltdown had nothing to do with Angel Investors or the startups they fund, but the proposed changes would really hurt small entrepreneurial businesses.
This isn't the most detailed article, but it mentions the three big issues: http://bit.ly/cNPdnC
Not saying I necessarily disagree with anything else in the bill (I'm anti-bailout, anti-too-big-to-fail, etc). Just saying that if we're fixing stuff, make sure they don't screw the little guys on Main Street in an effort to reign in Wall Street.
~Jon
Even MSM stooge Halperin won't go to bat for the Democrats.
ReplyDeleteYou meant even Halperin wasn't prepared to go bat for the REPUBLICANS?
Thanks SRW1 - fixed
ReplyDelete