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Multiple outlets, but led by Jane Kleeb at Bold Nebraska, have confirmed that Ben Nelson will support the financial reform bill. It’s unclear what Nelson got in exchange for his support, but that was a pretty quick turnaround. Maybe Harry Reid told him that his objection to no Senate input on the head of the new consumer protection bureau was totally ridiculous, because the position is subject to Senate confirmation. Perhaps Nelson just said, “Oh,” and moved on.
Reid will file cloture on the bill today, setting up a Thursday vote where 60 votes are all but assured. This bill will become law sometime this week.
We’ll have a lot of time for post-mortems and things later on. From a Congressional perspective, it’s all over. Now the 30-plus studies and regulatory wrangling will commence.
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We’ll see. Short Ride is still breathing.
Ding, ding, ding. One more piece of crap legislation passes in the Obama era!
Check that off the list. Write it down for the history books.
What’s next for President Hoover?
Nelson can’t resist trying to milk it. What a little slimeball.
I wish we had a strong enough organization, such as Club for Growth, to primary the b***rd.
Lot of people marching in lockstep? No thanks.
Liberals should be able to have strong and diverse organizations. You don’t have to think lock-step to be strong.
That’s true but any group organized like the reichwingers’ wouldn’t last long.
Hey Hey1 I’m a Unitarian so I agree with your point.
In fact the Club for Growth could be said to be held together by shared delusions.
I was exampling it more on the basis of it’s effectiveness than it’s organizaton.
What an impotent piece of crap legislation written by wall street lawyers.
Obama should vetoe this bill—oh, i forgot summers/geithner and he lobbied for their friends on wall street/ ker, ching$$$, ker ching$$$.
That’s okay we “little people” can bail them out again. How many homes, planes, boats, do they need before acting on behalf of 95% of the people who actually pay their taxes? Could we audit every politician????