{"id":1148,"date":"2010-04-13T02:53:20","date_gmt":"2010-04-13T09:53:20","guid":{"rendered":"http:\/\/www.politicsplus.org\/blog\/?p=1148"},"modified":"2010-04-13T02:53:20","modified_gmt":"2010-04-13T09:53:20","slug":"will-democrats-take-on-wall-street","status":"publish","type":"post","link":"https:\/\/www.politicsplus.org\/blog\/2010\/04\/13\/will-democrats-take-on-wall-street\/","title":{"rendered":"Will Democrats Take on Wall Street?"},"content":{"rendered":"

If they follow through with this, it\u2019s a win-win scenario.<\/font><\/p>\n

\n

\"workharder\"<\/a> Liberal Democrats see an opportunity to reassert their power in the Senate this spring on the Wall Street reform bill, after being forced to swallow a series of compromises on everything from health care reform to jobs legislation.<\/p>\n

A group of Democrats, joined by Senate Majority Whip Dick Durbin of Illinois, are planning an aggressive spring offensive to strengthen key provisions of the financial reform bill<\/strong> \u2014 and daring Senate Republicans to vote against them. <\/p>\n

\u201cGiven that [large financial firms] steered this country into the ditch, it\u2019s going to be very hard to stand up on the floor and say don\u2019t do financial reform or do it without teeth,\u201d said Sen. Byron Dorgan (D-N.D.). \u201cThere are a number of people in our caucus who feel like there are things that can be done to strengthen it.\u201d <\/p>\n

Liberal Democrats believe widespread frustration across the country with Wall Street bailouts will make it difficult for Senate Republicans to mount a full-scale opposition to the legislation, particularly as voters near the midterm elections this fall<\/strong>. <\/p>\n

Those tricky politics, they believe, offer an opening to move to the left the legislation that passed the Senate Banking Committee last month \u2014 a chance the caucus lacked on health care, which divided the electorate and prompted an outcry from conservatives who rallied against the bill to voice their opposition to President Barack Obama. <\/p>\n

Unions, consumer groups, party activists and liberals on Capitol Hill see regulatory reform as a win-win issue: They get either a strong bill or a strong campaign argument for the midterm elections<\/strong>. <\/p>\n

\u201cIf they pass something and it\u2019s relatively strong, it\u2019s seen as a big victory for consumers, and if they get a strong Republican pushback, electorally Democrats think they would benefit from it,\u201d said a Democratic aide for a member involved in the effort. <\/p>\n

Their efforts conflict with those of Senate Banking Committee Chairman Chris Dodd (D-Conn.) and party moderates<\/strong>, who are pushing to focus more on compromising with Republicans. Dodd has spent months in negotiations with Republicans on his committee, trying to craft a deal that could fly through the Senate with significant bipartisan backing… [emphasis added<\/em>]<\/p>\n<\/blockquote>\n

Inserted from <Politico<\/a>><\/p>\n

Dodd\u2019s bill is to Finance what BARF (Baucus Against a Real Fix) was to Health Care.  Even if the Republicans can successfully filibuster a strong bill, that will drive a wedge between the leadership and the Teabaggers.  They hate Wall Street.  Let the GOP defend their protection of their corporate masters to voters.<\/font><\/p>\n","protected":false},"excerpt":{"rendered":"

If they follow through with this, it\u2019s a win-win scenario. Liberal Democrats see an opportunity to reassert their power in the Senate this spring on the Wall Street reform bill, after being forced to swallow a series of compromises on everything from health care reform to jobs legislation. A group of Democrats, joined by Senate […]<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-1148","post","type-post","status-publish","format-standard","hentry","category-politics","category-5-id","post-seq-1","post-parity-odd","meta-position-corners","fix"],"_links":{"self":[{"href":"https:\/\/www.politicsplus.org\/blog\/wp-json\/wp\/v2\/posts\/1148","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.politicsplus.org\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.politicsplus.org\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.politicsplus.org\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.politicsplus.org\/blog\/wp-json\/wp\/v2\/comments?post=1148"}],"version-history":[{"count":0,"href":"https:\/\/www.politicsplus.org\/blog\/wp-json\/wp\/v2\/posts\/1148\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.politicsplus.org\/blog\/wp-json\/wp\/v2\/media?parent=1148"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.politicsplus.org\/blog\/wp-json\/wp\/v2\/categories?post=1148"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.politicsplus.org\/blog\/wp-json\/wp\/v2\/tags?post=1148"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}