My Senator (he says with a sigh) is planning to “run out the clock” on financial reform. The American Banking Association calls it good strategy:
“And from the Republicans’ point of view, every week that passes is, say, Senator Shelby, more leverage. And a lot of what this is about is leverage to get your best deal.
“So it’s in the interest of the Republicans to slow things down because that gives them more leverage to negotiate.”
I would counter that Republicans can spend six weeks making themselves the party of big banks if they want to. Six weeks of opposition to Dodd’s “watered-down” consumer protection and Wall Street reforms will be great for Democrats. In fact, let Bunning go ballistic again. Let them defend the status quo during the biggest recession in 70 years.
Keep going, Republicans! You’re doing great!
