Posted on 04/14/2010 4:49:04 PM PDT by Sub-Driver
Obama dares GOP to fight Wall St. bill By: Carrie Budoff Brown and Glenn Thrush April 14, 2010 07:15 PM EDT
For weeks, the White House strategy on financial regulatory reform remained an open question: Would President Barack Obama water down his bill just to get something passed – the way he did on health care?
A Palin-esque “Hell no!” was the answer coming from the White House Wednesday as the president, his senior aides and his allies on Capitol Hill issued an ultimatum to Republicans fighting Democrats plans to overhaul financial oversight.
“For the president, you have to be willing to accept a strong bill,” said White House Press Secretary Robert Gibbs, after Obama emerged from a contentious meeting with GOP congressional leaders.
“If the effort to get this close is simply to take steps to weaken that legislation, that’s not what the president is interested in.”
Democrats are so emboldened that Senate Majority Leader Harry Reid (D-Nev.) is prepared to bring the Banking Committee bill to the floor without any major concessions to Republicans, and essentially dare them to vote against the measure, senior leadership aides said.
At a time when Wall Street is as reviled as government, Democrats are willing to gamble that at least one Republican – and maybe as many as a half-dozen — will break ranks. At the same time, Senate Republican Leader Mitch McConnell is betting he can hold his caucus together to deny them even a single vote.
“It’s been two and a half years since this crisis started, more than a year since we first laid out a comprehensive set of reforms,” said Treasury Secretary Tim Geithner during a rare appearance at the White House daily briefing alongside Gibbs.
(Excerpt) Read more at dyn.politico.com ...
LOL.......same results as his daring them to vote NO on obamacare.
O’s flailing around trying to find an issue is so pathetic.
So much for jobs jobs jobs jobs.
Reminds one of a bully when he's not all by himself, doesn't it?
I neveh, eveh, drop the ‘F’ bomb...but almost any subject Obama leads to the query...’what the f### is wrong with this guy?’
Oh, let there be some in the GOP with a stiff spines to take this dare!
Can you image the amount of extortion the president can get from companies went he sends in his henchmen? How about we settle on $50 million and we won’t close you down.
It’s a fight I relish.
Never walk from a fight, it only gets worse with the thugs the next time.
I Double Dare ya— so childish is El Presidente
The democrats have worked hard to make Wall Street the class
enemy when it was actually the goose that lays golden eggs.
They don’t care if they kill it as long as they can
muck up our way of life on the road to complete
socialism.
Putting aside politics (which aint easy ) This guy is VERY unlikable
People, to their discredit, hate Wall St.
However, in NYC, liberal bastion, a lot of their income is from Wall St. They are starting to wake up to the fact Obama is wreaking NYC’s destruction.
Bloomberg is coming out against Obama’s plans, and lots of libs like him.
Is this “fight” worth fighting? The GOP needs to focus on jobs and the ecomony and let the commie ‘RATS go about their business of destroying Wall Street and our nuclear arsenal. The ‘RATS are screwing around with two losing issues that the Americans don’t care about right now. IT’S THE ECONOMY, STUPID! The GOP can fix Wall St. and the arsenal once the American people take our Congress back. JMO.
A True Pink Pantywaist Coward is a better description! This one, ZERO will LOOSE Bigtime! I learned a long time ago in Business, You never P*SS OFF Your Bankers and Financiers!
Wall Street is ready for this Putz now, and they will destroy their Tormentors!
bills are not meant to be passed 'for the president' - but for the people
Slamming Wall Street with more hastily- and ill-conceived regulation will be bad for the economy and jobs, and the GOP needs to get a clue, some cojones, and a spine and push that for all it’s worth.
This gives uhbama a weapon that will sink opposition IMMEDIATELY.
They will REFUSE to allow those companies that want to support conservatives to function without their control.
They WILL FIRE the board of directors and CEO's of all companies that refuse to do their biddine (ie..give a certain amount of charity, lol, to ACORN etc.
This is NATIONALIZING ALL BUSINESS and believe me, it will NOT INCLUDE JUST WALL STREET LABELS...it will INCLUDE ALL SUCCESSFUL BUSINESSES that are fluid and succeeding.
This is TOTALITARIANISM and it is HORRIFIC. IT WILL KILL AMERICAN SPIRIT in the BUSINESS WORLD. PLEASE CALL YOUR SENATOR....THIS IS AN END GAME FOR THE DEMOCRATS TO OWN IT ALL. And to keep all COMPANIES that would normally support REPUBLICANS from doing so...since the SUPREME COURT struck down the part of McCain Feingold that stifled companies from contributing to political parties, the dems have tried to figure out a way to change that and THIS IS IT.
KILL THIS BILL.
Its obvious Uh_bummer cannot be trusted with anything, lies, cheat and extorts his way to the commie chair..
This is just window dressing. All the big shots in Finance are pipe-smoking leftists. That's how they got so much power.
relax. It will benefit whom it is intended to benefit: those who bend over for rahm.
Republicans - just say no. The “reform” comes in November. The economy doesnot need Obama’s “help”
But then it would no longer be the GOP we've all grown to love.
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