Posted on 04/26/2010 3:37:45 PM PDT by Pontiac
U.S. Senate Republicans stood together Monday to successfully block lawmakers from moving ahead with sweeping legislation to overhaul U.S. financial markets, a temporary stumble for the Obama administration's top domestic policy priority.
The Senate voted 57-41 on a procedural measure allowing lawmakers to move toward debate on financial regulatory overhaul legislation, falling short of the 60 votes needed. All GOP senators present voted against invoking cloture, joined by at least one Democrat, Sen. Ben Nelson (D., Neb.).
The partisan vote underscores the high political stakes surrounding the legislation, which would subject the nation's financial institutions to new consumer and capital rules, boost regulation of derivatives and allow the government to respond more aggressively to crises in the financial system. If enacted, it would represent the most sweeping changes to regulation of financial markets since the Great Depression.
Both parties looked to secure gains from the vote. Republicans hoped to use their refusal to break ranks to strengthen their position in ongoing negotiations between the parties. Democrats, meanwhile, were happy to let GOP lawmakers take a vote that is likely to be used in re-election battles later this year.
(Excerpt) Read more at online.wsj.com ...
http://www.senate.gov/legislative/LIS/roll_call_lists/roll_call_vote_cfm.cfm?congress=111&session=2&vote=00124
Bennett & Bond didn't vote, but Harry Reid voted Nay with Nelson & the GOP!!!!!
....I think that the Senate rules allow the “leader” to bring a bill back if he joins in voting it down initially...otherwise its history....sunk without trace....equated to zero (no pun intended)
“Who was the Republican?”
I don’t understand your question.
All Repubs voted no on the motion to proceed.
One Democrat, Nelson of Nebraska, also voted no.
I read somewhere that Reid also voted no. I don’t know if that’s true or not, but if true it was procedural to give him rights as Leader to bring the thing back later.
Temporary?
Reid’s vote would be procedural only.
There’s some arcane thing about voting no so that as Leader he can later bring it back to the floor. I can recall when Trent Lott or other GOP Leaders would do that and this site would go ballistic thinking they joined the other side or were crazy.
Believe me, Reid is trying to move heaven and earth to pass this turkey.
Part of how they are explaining it, in terms the average voter can understand, can be found here:
Guess Who’s The REAL Party Of Wall Street
http://www.youtube.com/watch?v=w9d00XfnKp8&feature=player_embedded
Just another coincidence in an election year I’m sure. (Harry Reid)
who didn’t vote?
LOL Nelson has see the light.
There are 41 Republicans since Scott Brown was sworn in.
There are 41 Republicans since Scott Brown was sworn in.
41R’s-1D=40
Oh, I know what it means. It also means that at least one Repub either didn’t vote or voted FOR cloture.
aynrandfreak says that there were two Repubs not voting.
Bond and Bennett were the Republican who didn't vote.
A few senators holding out for more payola?
Another back room dem only deal on finance reform
http://www.freerepublic.com/focus/f-news/2501036/posts
Harry Reid is 2 votes short of the 60 he needs.
If he can’t pass a bash Wall-Street bill, maybe he can’t pass anything. We can always hope.
He had to vote against as the leader or he could not bring it back the floor. but he is political history.
This is GREAT news. The socialist agenda is absolute history. If these morons bring out amnesty during unemployment of 17%, they will be slaughtered on the beach. WE WANT THE DAMNED BORDERS SHUT DOWN. WE WANT ILLEGALS OUT OF HERE!! ARREST EMPLOYERS OF ILLEGALS NOW!!! The aliens will run like rats. NO MAS!!!
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