A brief note before jumping into this week’s post: I love writing the longer posts, though they take so much time to do the way I would like to do them that one or two of them a week is about all I could do with the longer ones. Therefore, I will be putting more of a focus on the “Brief Thoughts” posts than before. I’ll still do the longer ones of course; you can expect a big one on financial reform sometime after Independence Day, likely timed to the Senate vote on the bill. However, here’s a shorter piece involving a bit of financial reform, and a whole lot of Congress.
If there’s one narrative that can be told about the current Congress, it is a story of weak leadership that is too willing to compromise and settle for less than what the majority of Democrats want. Of course, compromise is an integral part of politics, and it could be argued that the unwillingness of Republicans to budge from blanket opposition is even more reason to compromise, but seriously it’s getting annoying at this point. Indeed, on just about every piece of legislation that has come up in the last year, as far as the Senate goes we have seen the same “try to appease the same three Republicans (Senators Snowe, Collins, and more recently Brown) so they’ll vote for the bill” storyline. The result is pretty much the same: the bill gets watered down significantly and there’s still a desperate scramble for votes at the end.
In other words, the Republicans in the Senate keep bluffing, and the Democrats keep falling for it. The fact is, we still need 60 votes in the Senate to get anything done, and Senate Majority Leader Harry Reid and the rest of the Democratic leadership is content to just give the Republicans every last concession possible, with no guarantee whatsoever that the effort will translate into votes. The prime example of this is the Wall Street reform bill, with Senator Scott Brown (R-Massachusetts) having almost single-handedly carved out of the conference report the $19 billion fee on banks that would have helped pay for the whole thing. Instead, Senator Brown wants the money to come from the savings found by winding down the TARP program.
You know, for a party so worried about the deficit, they seem to be doing all they can to avoid taking concrete steps to pay it down (other than passing unemployment benefits, of course). We’ve known for a while that the Republicans were going to try and be the “party of no”, but still, you’d think they’d be a bit more open to at least debate instead of just falling in lockstep with the GOP leadership. This absolute black-and-white that we have seen is just about unnatural. Politics (and life in general) is about shades of gray, at least normally, and the kind of behavior we have been seeing from Congressional Republicans is quite frankly childish.
The casualties of this nonsense are just about everyone in this country; health care reform, climate legislation, unemployment benefits, the DISCLOSE Act, and now Wall Street reform have all been completely torpedoed or otherwise weakened by the Republican obstructionism. Enough is enough. Assuming the Democrats manage to maintain control of the Senate through the midterm elections, one of the first orders of business next January should be to significantly rework the filibuster. I don’t think the Senate should eliminate it completely as House Speaker Nancy Pelosi suggests, but rather they should substantially alter it so that business can actually get done in the Senate and we can have programs that actually have teeth.












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