(I’ll be on the Dylan Ratigan Show today at 4pm ET talking about Wall Street reform.)
This is an amazing ad by Blanche Lincoln. Amazing in that she’s almost entirely clueless about what’s really going on with her own bill:
“It’s why I’m taking on Wall Street, with the toughest reform bill of anyone in either party, and it’s gonna pass.”
This is an absurd statement. I mean totally absurd. Let me go back to my earlier post on this today. Maria Cantwell noticed a huge loophole in Lincoln’s “tough” reform bill, and vowed to oppose cloture until it was fixed. Lincoln did not. Everyone and their brother knows that the provision spinning off the swaps trading desks from the big banks is going to get cut. Heck, Mark Warner told Andrea Mitchell today that the derivatives language “will be out” of the final bill. But to Blanche, “it’s gonna pass.”
Why, it’s almost as if she doesn’t care at all about the substance of the legislation, and just wants something to brag about to the folks back home so she can save her bacon in a primary!
I hope the Halter campaign has a response to this.
UPDATE: Apparently this ad came out on May 3, but the sentiment remains the same in her comments after passage. She’s talking about a “tough bill” that “will pass” when everyone is saying it won’t.