Obama favors "some" liberal ideas for Wall St reform,"though perhaps not in precise form offered"

[Bluebear]

I'm certain we will be able to "shape" the final bill later like we did with Health care Reform. :silly:

====

Liberal Democrats in the Senate, emboldened by a wave of populism, are trying to make financial regulatory legislation far tougher on Wall Street, potentially restricting or breaking up the biggest banks and financial companies...

White House officials noted that the administration supported some of the liberal amendments, though perhaps not in the precise form in which they are being offered, and would have ample opportunity to shape the final regulatory package when the Senate bill was melded with the version adopted by the House of Representatives last December.

http://www.nytimes.com/2010/05/06/business/economy/06dems.html

[Ruby the Liberal]

1. Bernie Sanders: "How often do you have Freedomworks, SEIU, MoveOn & ATR, advocating for the same

thing"?

Get out of the way, Mr. President. Looks to me like the Senate has this one. (Or we can only hope)

[polichick]

3. I guess the prez represents a different group of people. nt

[Bluebear]

4. I'm always told here...

that the executive branch has NOTHING to do with enacting laws. He just sits by himself in the Oval Office and waits for bills to cross his desk. Yet here is this.

[QC]

5. When good legislation passes, it is because of his Jedi googledimensional chess skills.

When crappy legislation passes, or good legislation fails, it is because the president is a helpless figurehead, forced to sit in the Oval Office and look out the window, sighing and hoping that Congress might happen to send him something worthwhile.

Whichever explanation makes him look best is the one to use, depending on the situation.

[Lorien]

8. That about sums it up

it's sad that he's spent so much time sighing at that window.

[QC]

13. Yes, a wasted opportunity, given the public's desire for change.

Of course, in my more cynical moments I think that Obama's purpose as a candidate was to harness that desire for change and channel it in a direction that would not threaten the establishment.

[ipaint]

16. Bingo.

Hence the award winning mega marketing campaign using the top folks in behavioral economics. We were treated as consumers and not citizens. I think the desire for change was harnessed and is now being morphed into a total acceptance of the status quo which is conservative and corporatist.
The countless examples of when bush did it he was wrong but when obama does it he is right proves that is happening.
It's also the easy way out for washington and the easy road for true believers. I can't think of any more effective way to marginalize the left for good.

[Bluebear]

18. Yes indeed.

[Lorien]

21. Worked like a dream (for the elite)

any visit to General Discussion: Presidency will prove that in short order.

[tango-tee]

22. You're right.

Other than a few short visits every once in a great while simply to take a peek, I'm staying out of that forum.

[Deep13]

2. I dare him to veto it. nt

[Kalun D]

6. LWS

""Obama favors "some" liberal ideas for Wall St reform,"though perhaps not in precise form offered"""

That's LWS (Lawyer Weasle Speak) for "we don't want to re-regulate our crony friends at the banks"

[Bluebear]

20. LWS

A new term for me :)

[frylock]

7. it may be too disruptive

[Bluebear]

9. +

[QC]

10. Disruption is not pragmatic. n/t

[Bluebear]

11. Meanwhile At DOMA hearing, GLAD challenges that law's constitutionality while DOJ defends it.

http://gay.americablog.com/2010/05/at-doma-hearing-glad-challenges-that.html

Fierce.

[QC]

15. Obviously you are insufficiently intelligent to recognize fine chess

when you see it!

:crazy:

[Bluebear]

23. .

[branders seine]

12. When will Goldman Sachs inform him what reforms he favors?

Soon? 2011?

[Bluebear]

14. !

[conspirator]

17. Obama has no choice but to obey his corporate masters. The system is rigged nt

[amborin]

19. +1 K&R