http://tpmdc.talkingpointsmemo.com/2010/07/boehner-wall-street-reform-ought-to-be-repealed.php?ref=tnThey're not campaigning on it in earnest -- at least not yet -- but Republican leaders say that, given the power, they would like to do away with Wall Street reform much like they have already discussed repealing health care reform.
"I think it ought to be repealed," said House Minority Leader John Boehner, in response to a question from TPMDC, at his weekly press conference this morning.
One of his top lieutenants, Republican Conference Chair Mike Pence agrees. "We hope
falters so we can start over," Pence told TPMDC yesterday. "I think the reason you're not hearing talk about efforts to repeal the permanent bailout authority is because the bill hasn't passed yet."
The Senate is expected to pass the final bill and send it off to the President this afternoon. But, despite Republican posturing, the President's signature isn't likely to touch off another broad GOP push for repeal. Unlike health care reform, Wall Street reform is broadly popular -- even with some in the GOP base. The problem for Republicans is that they've dug in deeply, railing against what they call a "permanent bailout bill." It stands to reason that, if the bill truly does institutionalize bailouts, Republicans would want to repeal it. But some aren't willing to say that too loudly.
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Can we do another junk shot into the Deep Horizon well and put all the Republicans in with the other waste material??