Wednesday, April 14, 2010

Republicans Fighting For The Banks

This is what happens when you let the children sit at the grown up's table. For a year now, we've been hearing about the "Obama bank bailout" (started by Bush if you've forgotten) and how Wall Street was propsering while Main Street suffered. President Obama has even gotten the banks to pay back part if not all of the bailout money, but no matter.

And now that the Obama administration is forging ahead with major financial reform, the GOP is crying foul.

President Barack Obama planned to "turn up the pressure for an overhaul of Wall Street regulations" as he met with congressional leaders this morning, including the Democratic and Republican leaders of both the House and Senate.
The Senate is preparing to take up a sweeping overhaul of financial regulations regimen in less than two weeks. Republican leaders have already promised to reject broad changes proposed by Democrats.
So do the Republicans plan on winning in November on a platform of repealing health care reform and protecting the status quo of the banks and Wall Street? God, I hope so.

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