Posts Tagged ‘Finance Reform’

It seemed a no-brainer that Congress would substantially re-regulate the insurance and investment banking marketplace, but Congressional Republicans had vowed to block all legislative initiatives pushed by the President, and they held firm. Financial reform, like every other piece of legislation in the last two years, had to clear the unprecedented legislative hurdle of finding 60 senators to approve cloture. Just like health care reform, cap and trade, and the stimulus, financial reform would not be allowed to come to an up or down, democratic vote. The most amazing legislative accomplishment of the last two years, built on the backs of working voters assaulted by Wall Street, was the Republicans' success at turning the United States into [Read the rest of this article...]

Progressives are making a career out of making politics difficult. To be sure, governing in the presence of the Republicans is quite a chore. The GOP's idea of bipartisanship is clear; do it our way or we will gum up the works, hold our breath, and call you names. But liberals and democrats aren't making it easy on themselves. The Democratic Party and the liberal blogosphere has taken to the same strategies with regards to "new stuff' as the ten year-olds of the world; "I absolutely have to have this new great toy or I will just die!" [Read the rest of this article...]