Still Backing The Wrong Horse

Nobody's buying the Frank Luntz GOP talking points on the financial reform bill, not the White House, not the Democrats, not the Village, and a majority of the American people want to see reform pass.  Mitch McConnell of course is still backing Wall Street over Main Street.

 The Wall Street reform bill may eventually pass in the Senate but not before it faces a filibuster Monday, according to Minority Leader Mitch McConnell.

Fox News' Chris Wallace pressed Sen. McConnell (R-KY) Sunday on whether he would have the 41 senators needed to filibuster the bill when it comes up for a floor vote Monday. "It's my expectation we will not go forward with the partisan bill," answered McConnell.

"We don't have a bipartisan compromise yet but I think there is a good chance we're going to get it. What I'd like to see is an opportunity to prevent the Democrats from doing to the financial services industry what they just did to the health care of this country," said McConnell. "And Ironically, Chris, my view is very similar to that bastion of conservatism and tool of Wall Street, The Washington Post editorial page, which said this morning that this bill needs to be improved."

"The fifty billion dollar bailout fund needs to come out," continued McConnell. "We need to have a system in there under which the creditors can expect that they're going to be treated fairly somewhat similar to the bankruptcy laws and we need to have enhanced capital requirements. None of that is currently in the bill that the Majority Leader would try to have us take up on Monday, which came out of committee on a strictly party-line vote."

To pass the bill as is, Senate Majority Leader Harry Reid would need the support of at least one Republican senator.

In other words, McConnell is saying that the bill won't pass until the Republicans get to write it.  And by "improved" he means "improved for Wall Street profits at the expense of the American taxpayer."

As much as the Republicans say that the Democrats are doomed for voting and passing health care reform, the Republicans themselves are in deeper trouble if they remind everyone why they got kicked out of control in the first place for being greedy corporatist pigs.  "Republicans voted for Wall Street over Main Street, for the people who wrecked the economy."

So go ahead, vote against it just like everything else. It may be the turning point in 2010.