Make Them Filibuster
With Scott Brown firmly in tow, and the GOP caucus in each house aggressively shaking down Wall Street for cash in the aftermath of the Citizens United travesty from the Five Traitors, Chris Dodd had to say the obvious this morning: the GOP has sided with Wall Street over Main Street.
The chairman of the Senate banking committee said Friday that efforts to reach a bipartisan consensus on sweeping legislation to overhaul the nation's financial regulatory system had "reached an impasse," but he said he intends to move forward even without Republican support.
For the second time since November, talks have stalled between Sen. Christopher J. Dodd (D-Conn.) said ranking Republican Sen. Richard Shelby (Ala.). Both men have expressed interest in reaching a consensus on a wide-ranging bill that would revamp regulation of the financial services industry. But after months of negotiation, they have yet to overcome a key hurdle: the proposed creation of a consumer protection regulator to focus on mortgages, credit cards and other such financial products.
Dodd most likely can muster enough support from Democrats on his committee to move the bill to the Senate floor. But eventually he would need Republican support to overcome the 60 votes needed to avoid a filibuster.
Fine. Get it to the Senate floor, and beg the GOP to filibuster the consumer protection agency in plain view of Americans. Hold up all other Senate business and call in all the cameras and make it as easy as possible for the GOP, Mr. Scott Brown included, to filibuster against protecting consumers from big banks and Wall Street.
Do it now. Please. For a change, please call their bluff and make them do Wall Street's bidding in plain view of Main Street.