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Subscribe to RSSThe conference committee to reconcile the House and Senate financial reform bills begins in earnest on Thursday. And the New York Times writes that the White House wants an agreement before Obama leaves for a G-20 meeting in Toronto later this month. “The administration has tried to use the summit meeting to foster a sense of urgency among lawmakers. It thinks a deal would give Mr. Obama greater leverage in efforts to persuade other countries to support proposals like a global bank tax and higher capital standards for the largest financial institutions. The higher standards are part of the legislation but would require international coordination.”
The New York Times' Zeleny says that many Democratic members of Congress are skipping summer town halls. "Of the 255 Democrats who make up the majority in the House, only a handful held town-hall-style forums as legislators spent last week at home in their districts. It was no scheduling accident."
"With images of overheated, finger-waving crowds still seared into their minds from the discontent of last August, many Democrats heeded the advice of party leaders and tried to avoid unscripted question-and-answer sessions. The recommendations were clear: hold events in controlled settings -- a bank or credit union, for example -- or tour local businesses or participate in community service projects."
"President Barack Obama and Senate Majority Leader Harry Reid (D-Nev.) say that this time they are committed, really committed, to bringing some sort of clean energy bill to the floor this year," Roll Call reports. "But after months of speed bumps, false starts and promises, some are wondering, can they really get something done?"
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Unfortunately the Congressional leadership was too cowardly to include Liberals who want tougher financial reforms. Once again the cowardly Congressional leadership is cowing to the conservatives ande moderates who always turn good legislation into total garbage. If we don't get proper financial regulations in place we'll just end up with another big banking meltdown that will cost us all, well except for the Criminal CEO's and their golden parachutes.
Eric of Salinity, That is the kind of people y
ou vote for , afraid to face the people. Bammy must be having the worst time of his career when his henchmen are cowering from the people.
If we can't get a clean energy bill now, in the midst of this gulf disaster, then I guess we will not get one until the world runs out of oil.
I am very dissapointed in the democrats appearing to be afraid of the conservatives on both sides of the isle. I would love to see them look like they are standing strong in the midst of opposition instead of looking like they are too afraid of loosing their positions. I guess they don't realize that if they don't fight for the voters that put them in office their chances of getting re-elected are just as much in danger.
I want the people that I voted for to prove they have my interests in mind and are not willing to be shoved into a dark room as if they are afraid of their shadows.