QUINCY, Ill. — President Barack Obama says he's pleased that Senate Republicans are agreeing to allow debate on a financial overhaul bill after days of stalling tactics.
Obama told a crowd in Illinois Wednesday that the bill will end bailouts, make banks accountable to consumers and bring complex Wall Street deals into the light of day.
He spoke shortly after news broke in Washington that Republicans would end a filibuster of the legislation and let debate go forward.
Obama said the legislation would ensure that taxpayers aren't on the hook ever again for Wall Street mistakes.
The president said: "The time for reform is now."
Obama was finishing up the second day of a two-day Midwest tour.
The real story here is the Democrats' usage of the Kentucky Derby tactic, that would have forced Republicans to have a real filibuster, thus keeping the Senate in session during the Kentucky Derby, which McConnell would have missed. But don't believe for a minute that the Democrats are the good guys here. They did this only for political value, and many of them are in the pockets of the banksters themselves.
Anyways, thank you GOP for letting debate proceed on the bill. Abuse by financial institutions is something that Republicans and Democrats BOTH want to end. Now we can have debate, and Republicans can offer amendments, but they had better not be amendments to weaken the bill. Same with Democrats, who have Goldman-Sachs in their own pockets. This is about America, and not personal gain. Any Senator, Democrat or Republican, who thinks otherwise had better think twice. The American people are sick of this crap, and I hope they are ready to unelect ALL the bums they can who seek to use this issue to line their own pockets. A D or an R should not be the factor that makes you want to support a politician, but actions, and actions only. Talk is cheap, and the American people are fed up.
To the politicians - Crap or get off the pot. Now is the time to show your true colors.
Article is here.