57 Shameful Democratic Votes
by Deacon Blues
It turns my stomach to see Obama and his White House staff trying to strong-arm House Democrats to pass the despicable government funding measure while they admit it rolls back key provisions of Dodd-Frank. Obama and his staff are trying to tell Nancy Pelosi's caucus that they should hold their nose and vote for "Cromnibus", even if Wall Street gets a big win out of it, and even if the GOP gets to allow Wall Street to bankroll their convention, because things will only get worse next year.
To which I say to the White House: "F*ck no."
The 1,603-page measure, negotiated by Republican and Democratic appropriators and leaders, sparked a revolt when rank and file Democrats discovered it would kill planned restrictions on derivatives trading by large banks, allowing them to continue trading swaps and futures in units that benefit from federal deposit insurance and Federal Reserve loans.
The Obama administration and Democratic lawmakers also were worried about setting a precedent that emboldens Republicans to cram more Dodd-Frank rollbacks into must-pass legislation, especially when Republicans have control over both chambers of Congress next year.
The White House is willing to gut Dodd-Frank because they get a full year of funding for most of the government out of Cromnibus, and don't want to allow the new House and Senate GOP to hold the White House hostage next year on must-pass funding measures that would cut funding for Obama's immigration action and cut other domestic funding by unacceptable levels. First off, Mr. President, your immigration problem is one of your own creation, and we shouldn't have to sacrifice Dodd-Frank on the altar of your political stupidity. Secondly, if you had any real guts, you should be daring and requiring the GOP to pass budgets next year that gut domestic programs while protecting Wall Street and the wealthy just so you can cut their nuts off with thermo-nuclear vetoes. But of course you and your limp White House staff want to avoid that and avoid facing a reckoning over your self-inflicted wounds on the immigration action you took. Tough sh*t dude, grow a pair.
This can be the moment that Elizabeth Warren, and yes, Hillary Clinton take control of the Democratic Party from Barack Obama. And it can't happen soon enough.
Update: Late today, 57 House Democrats went along with John Boehner, Mitch McConnell, Harry Reid, Steny Hoyer, and yes, Barack Obama to pass the “Cromnibus” spending bill that gutted Dodd-Frank. Many of these 57 Democratic bastards, listed on the extended entry, no doubt will justify their votes by saying they were only doing so to lock in adequate funding for their pet programs for one more year and hold off the GOP Grim Reaper to come. And yet they all did so by gutting Dodd-Frank, as if they didn't have constituents who lost everything at the hands of the same Wall Street scoundrels to whom they sold their asses tonight. It is especially discouraging to see so many progressive champions on this list, like
who all sold out. To them, I simply say "Shame on you. Enjoy your Wall Street blood money.”
To Barack Obama, who with this bill sacrificed Dodd-Frank to cover his ass for his immigration bullheadedness, I say “Go to Hell. Hope and change indeed, you disappointing jackass.”
And to Harry Reid, who now wants to slink away from hell by allowing a floor debate tomorrow on the bill he himself sold out the middle class for, all I can say to him and those Democrats who vote to gut Dodd-Frank is “we’re watching.”
Here are the 57 House Democrats who voted to gut Dodd-Frank tonight: