From FIREDOGLAKE (April 28, 2010 12:47 P.M.):
In a bit of political theater, Senate Democrats plan to hold Republicans hostage on the floor and continually reject moving to debate on the Wall Street reform bill as a means to highlight the obstructionism and hopefully break the impasse.
A senior leadership aide described this stunt as similar to what they did when Jim Bunning would not give consent on the unemployment insurance extension. The press was very negative toward Bunning and the Republicans, and eventually they caved. Democrats are hopeful that they can force the hand of those who have wavered on the FinReg bill – George Voinovich, Susan Collins, Olympia Snowe and others – and “seal the deal” on moving to a floor debate on it. It is likely that Democrats would need more than one Republican to get 60 votes, as Ben Nelson “doesn’t seem like he’s budging,” the aide said.
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Filed under Barack Obama, Ben Cardin, Ben Nelson, Christopher Dodd, Democrats, George Voinovich, Harry Reid, humor, Media, Mitch McConnell, movies, Olympia Snowe, parody, politics, Republicans, Senate, snark, Susan Collins, Wordpress Political Blogs
Jan 6 (Reuters) – The decisions by two U.S. Senate Democratic heavyweights to call it quits at the end of this year will cost their party plenty of punch on Capitol Hill.
But it should not knock out any pending legislation, such as healthcare and regulatory reform, though it may affect other areas, from trade to fighting abuse in government contracts.
Here’s a look at the likely fallout from the announcements by Senators Christopher Dodd and Byron Dorgan that they will not seek what would have been their sixth and fourth terms, respectively, in November’s election.
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Filed under Barack Obama, Christopher Dodd, Congress, Connecticut, Democrats, Edward Kennedy, Global warming, humor, Iran, movies, parody, politics, Republicans, Senate, Senate Banking Committee, snark, Wordpress Political Blogs
From MEDIA MATTERS:
Joseph Curl and Matthew Mosk at the Washington Times came up with a heck of a non-story story today for the reportedly troubled newspaper, titled, “Top Republican lawmakers not invited to State Dinner [for Indian Prime Minister Manmohan Singh].”
The print article ran on the Times‘ front page with the headline, “Obama’s big tent leaves out GOP bigwigs; Dinner to honor India’s leader.” Slightly different, but it gets the same point across. From the headlines, one would think that Curl and Mosk had exposed President Obama as a biting partisan, who ran Republicans’ invitations to the White House’s first state dinner through the shredder while they eagerly awaited them at home. But one would have to read on.
As it turns out, Obama did invite “top Republican lawmakers.” They just aren’t attending.
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Filed under Barack Obama, Christopher Dodd, Colin Powell, Fox News, humor, Jim McDermott, Joe Wilson, John Boehner, John McCain, Media, Mitch McConnell, movies, parody, politics, Republicans, Richard Lugar, snark, Wordpress Political Blogs
From Ezra Klein at The Washington Post:
The list of senators charged with merging the Finance and HELP bills into the legislation that will actually come to a vote on the Senate floor is vanishingly small, and every participant is there for a reason. Harry Reid will preside. Max Baucus, chairman of the Finance Committee, will be one of the chief negotiators. Chris Dodd, who led the HELP Committee’s health-care efforts, will be the other. And that’s about it. Oh, except for one other person:
Jim Manley, a spokesman for Mr. Reid, said that Senator Olympia J. Snowe of Maine, the lone Republican on the Finance Committee to vote in favor of the bill, would be invited to future sessions. And Mr. Manley said the Democratic leader was prepared to go to substantial lengths to keep Ms. Snowe’s support.
“He is prepared to do what he can to keep her on board while putting together a bill that can get the 60 votes necessary to overcome a Republican filibuster,” Mr. Manley said.
Democrats really want this bill to be bipartisan — to the point that they’re giving the Republican a space in the negotiations equivalent to the chairmen of the two relevant committees.
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Filed under Christopher Dodd, Democrats, Harry Reid, humor, movies, Olympia Snowe, parody, politics, Republicans, Senate Finance Committee, snark, Wordpress Political Blogs
From USA TODAY:
WASHINGTON — Many Democratic candidates are planning to run against two Republicans in the next election — their GOP opponent and former president George W. Bush.
When former U.S. attorney Chris Christie, a Bush appointee, won the Republican nomination for governor of New Jersey last week, Democratic incumbent Jon Corzine welcomed him to the race by attacking his former boss.
“I’m not about to put my trust in the same people who gave us George W. Bush, Dick Cheney or John Ashcroft,” Corzine said, throwing in Bush’s vice president and first attorney general for good measure.
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(from lower left, clockwise: Rob Simmons, Chris Christie, Chimpy, Rob Portman, Roy Blunt)
Filed under Barack Obama, Chimpy, Christopher Dodd, Connecticut, Democrats, Dick Cheney, George W. Bush, humor, John Ashcroft, parody, politics, Republicans, Rush Limbaugh, Senate, snark, television, Wordpress Political Blogs
SAN FRANCISCO (MarketWatch) — Top Wall Street executives reacted harshly on Friday to proposed legislation that would punitively tax bonuses awarded to employees at firms receiving federal assistance.
Citigroup Inc. Chief Executive Vikram Pandit and Bank of America Corp. Chief Executive Ken Lewis issued strongly worded internal memos about the proposed tax legislation, according to the online edition of The Wall Street Journal, while J.P. Morgan Chase & Co. Chief Executive Jamie Dimon sought to reassure his top executives that the firm is engaging with lawmakers on the matter.
The legislation, passed by the House on Thursday, would impose a 90% tax on bonuses for employees making over $250,000 a year at companies receiving at least $5 billion in federal aid under the Troubled Asset Relief Program, or TARP.
Citi’s Pandit criticized the proposed legislation in a memo to employees on Friday, arguing that it could result in the firm losing top talent.
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Filed under Barack Obama, Ben Bernanke, Chimpy, Christopher Dodd, Chuck Grassley, Constitution, Democrats, George W. Bush, Harry Reid, humor, Jon Kyl, movies, Olympia Snowe, parody, politics, Republicans, Senate Finance Committee, snark, Wordpress Political Blogs
Dec. 17 (Bloomberg) — U.S. Securities and Exchange Commission Chairman Christopher Cox said the agency failed to act for almost a decade on “credible and specific allegations” of wrongdoing by Bernard Madoff, who authorities say bilked investors of as much as $50 billion.
Allegations dating back until at least 1999 “were repeatedly brought to the attention of SEC staff, but were never recommended to the commission for action,” Cox, 56, said in a statement yesterday. He announced an internal probe to review the “deeply troubling” revelations.
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Filed under Chimpy, Christopher Dodd, Chuck Grassley, Corruption, George W. Bush, humor, movies, parody, politics, Republicans, Scandals, Senate Banking Committee, snark, Wordpress Political Blogs
From David Welch at Business Week:
On CBS’ “Face the Nation” today, Senator Chris Dodd (D-Conn.) said that General Motors Chairman and CEO Rick Wagoner should “move on.” That could mean that Dodd and other members of Congress will ask for Wagoner’s resignation before voting on a loan package for GM and Chrysler next week.
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Filed under Barack Obama, Carl Levin, Christopher Dodd, Congress, Democrats, humor, movies, Nancy Pelosi, parody, politics, Republicans, Senate Banking Committee, snark, Wordpress Political Blogs