Dear Friends,
Today the Democrats showed that they can have a backbone and stand up for the traditional Democratic principles. President Obama when to Copper Union just off Wall Street to give a speech in support of the financial regulation bill. He invited the titans of Wall Street to attend. He then spoke truth to power. He did what he should have done with health care reform and what he needs to do over and over again with each of the items on his agenda. He needs to speak truth to power, to the American people, to the conservative members of his own party and to the Republicans.
President Obama went on the offensive and called out all the Republican lies about the financial regulation bill. He did not threaten Wall Street. He encouraged Wall Street to stop fighting the reforms and join in putting the reforms in place both because it was good for their industry and because it was good for the country. You can see the full text of his speech at The Huffington Post website (here).
Senators Reid, Durbin and Schumer then held a press conference where they showed clips of Senator McConnell lying about what the financial reform bill would do. The three Democratic Senators actually called what Senator McConnell said lies which of course they were.
The Democrats have adopted the quick response approach to dealing with the Republican lies and that is a very good thing. They will move the financial reform legislation ahead with a vote on Monday afternoon to end the Republican filibuster and begin the actual debate.
Rachel Maddow had a great segment tonight that covered President Obama's speech, Representative Boehner lying about the bill and the press conference by the three Democratic Senators. I have inserted it below. But just in case you don't watch it. Representative Boehner went so far as to say that the bill would lead to a government takeover of the entire private sector.
We need to keep the pressure on the Democrats to continue this approach. It will result in better policies and better results in November.
Thanks for reading and please comment,
The Unabashed Liberal
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