Replies to post #495675 on Zeev's Turnips Talk Politics (ZTTP)

[hap0206]

what i understand is that the repubs just required that the $30 or $40 billion come from the unspent stimulus slush fund

of course the dems could not agree to that

[StephanieVanbryce]

On Republican obstruction:

It’s an extremely maddening and concerning time right now, and frankly we need your help. We’re in a situation where, after spending at least eight weeks on the floor trying to pass this jobs bill, which focuses on creating jobs as well as helping people … not one Republican is willing to help us stop this Republican filibuster.

We’ve spent a tremendous amount of time and discussions to get just one person to join us. And we don’t have that. So, we will be voting again today to stop the filibuster and we have every anticipation that we won’t have the votes.

It is very clear that the Republicans in the Senate want this economy to fail. They see that things are beginning to turn around. You know the numbers. When this president took office, we were losing 750,000 jobs a month. … Now we are gaining jobs. … Unfortunately, and cynically [on their part], in cynical political terms, it doesn’t serve them in terms of their elections if things are beginning to turn around.

I believe when you look at this bill, which is all paid for — we raised revenues to pay for it — the one piece that is technically not paid for [is the federal unemployment benefit extensions and] that is done in a way that we have always done it, … [those are] always categorized as an emergency. And, frankly, if 15 million people without jobs is not an emergency, I don’t know what is.

On who Republicans are helping:

When you look as well underneath they are protecting wealthy investors, corporations sending jobs overseas and big oil companies — because we have included provisions to close tax loopholes in each of those areas.

Republicans are standing with them at a time when we desperately need to keep this economic recovery going and we desperately need to help people who are hurt. In Michigan, it’s estimated that by the end of this month we’re going to have 87,400 who are going to lose help, temporary help, in their unemployment benefits, by the end of this month. That’s literally the difference between somebody keeping a roof over their head, food on the table and a little gas in the car to go look for work.

I’m frankly outraged about what has been happening.

Sen. Debbie Stabenow (D-Mich.),

http://washingtonindependent.com/88217/stabenow-republicans-in-cynical-game-to-crater-economy-by-stopping-jobs-bill

[BullNBear52]

"It adds new taxes and over $30 billion to an already staggering $13 trillion dollar national debt," said McConnell.

McConnell wants it paid for? Where was he when he was voting for continued funding for the Gulf war under Bush?

None of it funded for with taxes. It wasn't even included in the budget.

The guy is a joke.

[StephanieVanbryce]

FinReg Complete, and Banks Stuck With $20 Billion Tab for Implementation

6/25/10 9:18 AM

It is over. After a marathon 20-hour session, the conference committee reconciling the House and Senate versions of financial regulatory reform completed their work. All Democrats and no Republicans voted for the final package, and conference committee wrapped up around 5:40 a.m.

A version of both the Volcker Rule — banning banks from proprietary trading — and a provision to force banks to spin off swap desks made it into the final day, and I’ll look more closely at what language actually made it through later on.

But one small detail: At 2:52 a.m., Rep. Barney Frank (D-Mass.), the head of the conference committee, inserted a provision into the bill. It sticks banks with more than $50 billion in assets and hedge funds with more than $10 billion in assets with the costs of implementing the reforms. It made it in.

http://washingtonindependent.com/88447/finreg-complete-and-banks-stuck-with-20-billion-tab-for-implementation