The will of The Obama has been, at least temporarily, thwarted.
Good.
The argument from Senate Democrats went: if we vote to allow a floor debate, you will still be able to debate and amend the heck out of this financial sector reform bill, honest!
The counterpoint went: we tried that with healthcare and Obamacare got rammed down our throats with less than a minute per page of "debate" time.
The "mainstream" press coverage went: It's needed reform to keep those bad ol' banksters from picking your pocket again some more again!
The blogosphere coverage went: It does the opposite of what you guys are saying it does!
The vote today went: they couldn't even get all the Democrats on board with this measure, even to pass a procedural vote!
YES!
N.B.: Ben Nelson is the same one who caved and got Obamacare passed with a meaningless pronouncement of intent from the President which carries no force of law. THAT guy is the hope of our country. Great.
This stuff is complicated and boring, and most peoples' eyes glaze over when you get two sentences into discussing banking regulation, so here's the cliff's notes: The same people who think they can take 100% of your salary as long as you get enough benefits from the government, and who just passed a law that will take over 1/6 of the largest economy in the world, taxing you for ten years but giving you benefits for six years, THOSE are the people making up a system to reform the banking industry. Are THESE really the people you want making up the rules? Seriously? How about you call your Democrat Senator and tell them to just hold off until after the election this November?
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