Republicans block action on financial regulation bill

The party of "NO" strikes again. I say please keep it up....

Senate blocks action on financial regulation bill

Quote :

A sweeping proposal to revamp Wall Street suffered a legislative setback this evening when the Senate failed to bring the measure to the floor for debate.

Voting 57-41, Senate Democrats could not muster the 60 votes needed to overturn the threat of a GOP filibuster and begin formal debate on the bill, which has become President Obama's top priority following his success on health care.

Democrats quickly blasted Republicans for voting together against the bill.

"Some of these senators may believe that this obstruction is a good political strategy, and others may see delay as an opportunity to take this debate behind closed doors, where financial industry lobbyists can water down reform or kill it altogether," Obama said in a statement. "But the American people can't afford that."

Artie60438 wrote:

The party of "NO" strikes again. I say please keep it up....

Senate blocks action on financial regulation bill

Quote :

A sweeping proposal to revamp Wall Street suffered a legislative setback this evening when the Senate failed to bring the measure to the floor for debate.

Voting 57-41, Senate Democrats could not muster the 60 votes needed to overturn the threat of a GOP filibuster and begin formal debate on the bill, which has become President Obama's top priority following his success on health care.

Democrats quickly blasted Republicans for voting together against the bill.

"Some of these senators may believe that this obstruction is a good political strategy, and others may see delay as an opportunity to take this debate behind closed doors, where financial industry lobbyists can water down reform or kill it altogether," Obama said in a statement. "But the American people can't afford that."

It was good to see the Democrats sticking to their guns on this issue. The only way we're going to get important things done in this country is to hold the Republicans accountable for their incessant delaying tactics.

GOP to abandon blockade of banking regulation bill

I agree. I think that the Dems learned from health care that trying to negotiate with the Republicans is useless and nothing more than a tactic to delay progress.