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Thread: GOP senators block debate on finance bill

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    GOP senators block debate on finance bill

    Excerpted from “GOP senators block debate on finance bill; The 57-41 vote marks the first showdown over the financial overhaul. Sen. Bill Nelson, a Democrat, voted with the opposition.” By Janet Hook, Tribune Washington Bureau, The Los Angeles Times, April 26, 2010 | 4:11 p.m.
    Senate Republicans, in a resolute show of unity, delayed consideration of far-reaching financial reforms by denying Democrats the needed supermajority of 60 votes. …
    “A party that stands with Wall Street is a party that stands against families and fairness.” — Senate Majority Leader Harry Reid (D-Nev.)

    Somehow I thought one brave Republican would stand up for working people against the fat cats on Wall Street. How foolish was I? Not a single one? Incredible.
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    Re: GOP senators block debate on finance bill

    Interesting, this blockage will cause problems for them later on down the line. They're on the wrong side of this issue. I think we need some Congressional Pepto Bismal. :p

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    Re: GOP senators block debate on finance bill

    Wow, so you're saying that after all the moaning we've been hearing about the GOP blocking everything, it finally actually happened?

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    Re: GOP senators block debate on finance bill

    GOP not even willing to talk. I hate using the label "party of no" but they're not giving me much else to work with...
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    Re: GOP senators block debate on finance bill

    In all fairness, at least two Senate Republicans voted in favor of financial reform lesgistlation, i.e, Grassly, Snow, but most voted against it per this article from the NYTimes.com.

    Senator Judd Gregg, Republican of New Hampshire, said that Republicans wanted to prevent a collapse like the one in 2008 but that Democrats were in danger of over-regulating the financial system and risked strangling the economy.

    “That should be our first goal, prospectively trying to reduce systemic risk as much as possible,” he said. “The second goal should, however, be that we maintain what is a unique and really rare strength which America has, which is that we have the capacity as a country to create capital and credit in a very aggressive way so that entrepreneurs who are willing to, go out and take risks, have accuess to capital and credit and that creates jobs and that creates the dynamics of our economy.”

    Mr. Gregg added, “We shouldn’t put in place a regulatory regime that overly reacts and, as a result, significantly dampens our capacity to have the most vibrant capital and credit markets in the world.”
    Hmmmm..."...create capital and credit in a very aggressive way so that entrepreneurs who are willing to, go out and take risks..."

    Well, damn!?! Isn't that what got this country in the trouble it's in now? Taking too much unregulated, un-supervised risk?

    And here we have a Republican in Congress doing his best double-talk. Seems to me this guy and his party seems to be more in favor of the special interest than he is people's retirement plans or investment portfolios or their very lives.
    Last edited by Objective Voice; 04-26-10 at 10:00 PM.

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    Re: GOP senators block debate on finance bill

    Quote Originally Posted by Chappy View Post
    “A party that stands with Wall Street is a party that stands against families and fairness.” — Senate Majority Leader Harry Reid (D-Nev.)

    Somehow I thought one brave Republican would stand up for working people against the fat cats on Wall Street. How foolish was I? Not a single one? Incredible.
    How about telling us something about the bill...something specific that you support...then perhaps a reason the Republicans gave for opposing it?

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    Re: GOP senators block debate on finance bill

    Republicans Preparing Rival Financial Regulation Plan - NYTimes.com

    Of course, it has to be that the GOP has been bought by Wall Street. Not that, well, they have original ideas of their own.

    Well, whatever furthers the leftist narcissism.

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    Re: GOP senators block debate on finance bill

    Quote Originally Posted by Jerry View Post
    How about telling us something about the bill...something specific that you support...then perhaps a reason the Republicans gave for opposing it?
    They cannot - they are the "party of whine"
    “I think if Thomas Jefferson were looking down, the author of the Bill of Rights, on what’s being proposed here, he’d agree with it. He would agree that the First Amendment cannot be absolute.” - Chuck Schumer (D). Yet, Madison and Mason wrote the Bill of Rights, according to Sheila Jackson Lee, 400 years ago. Yup, it's a fact.


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    Re: GOP senators block debate on finance bill

    Quote Originally Posted by Ockham View Post
    They cannot - they are the "party of whine"
    Could you link to the section of the bill which regards "party of whine" and offer your own legal interpretation on how this quoted section will change the current policy please?

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    Re: GOP senators block debate on finance bill

    Quote Originally Posted by Jerry View Post
    Could you link to the section of the bill which regards "party of whine" and offer your own legal interpretation on how this quoted section will change the current policy please?
    You first, I'm sure your parliamentarian training over years and years gives you insight a mere legal mind would shudder to tread upon. You might find "party of whine" in the same section "the party of no" resides.
    “I think if Thomas Jefferson were looking down, the author of the Bill of Rights, on what’s being proposed here, he’d agree with it. He would agree that the First Amendment cannot be absolute.” - Chuck Schumer (D). Yet, Madison and Mason wrote the Bill of Rights, according to Sheila Jackson Lee, 400 years ago. Yup, it's a fact.


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