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April 19th, 2010
05:00 PM ET

What's behind GOP opposition to financial reform?

FROM CNN's Jack Cafferty:

You might call it "Health care reform, Take 2."

The financial reform bill might just set the stage for the next big partisan showdown on Capitol Hill.

Treasury Secretary Timothy Geithner spoke last week after meeting with Pres. Obama and the bipartisan Congressional leadership to discuss financial reform.
Treasury Secretary Timothy Geithner spoke last week after meeting with Pres. Obama and the bipartisan Congressional leadership to discuss financial reform.

In what may be another political miscalculation by the GOP, all 41 Senate Republicans say they "are united" in opposing the current bill... and that they want to see a more "bipartisan and inclusive approach." Some have already promised to filibuster it.

Republicans claim the legislation would continue the Obama administration's intervention into formerly private industries.

Ironic when you consider that the original $700 billion TARP bailout happened under the Republican President Bush and his Treasury Secretary Henry Paulson... those hundreds of billions of taxpayer dollars vanished into the pockets of the big banks with very few strings attached.

The Democrats claim the financial reform bill will actually prevent future taxpayer bailouts of failing banks. It would create a consumer protection office for investors, regulate some of the complex investments that led to the collapse, and create a $50 billion "failure fund" financed by the banks.

Treasury Secretary Timothy Geithner says he's confident the bill will pass Congress. And if Senate Democrats can nail down one or two Republican votes, some think that could open the flood gates for others to support it.

Even conservative columnist George Will believes in the end, there will be plenty of bipartisan support - he says the Republicans don't know what they want... and he estimates the bill will pass with 70 votes.

Here’s my question to you: What's behind the Republicans' opposition to financial reform?

Interested to know which ones made it on air?

Kent in New Jersey writes:
The Republicans are opposed to the financial reform bill because it is not reform. It does not change too big to fail, it does not separate commercial banks from investment banks, and it does nothing for the derivatives market. It will not end casino capitalism. It is just phony rhetoric.

Brian in Trinidad writes:
Because the Republicans know, same as the Democrats, that this is just about creating another government bureaucracy to reward party faithful with cushy no-teeth jobs. The problem is not that our laws are inadequate, but that no one keeps an eye on things anymore.

Jane in Minnesota writes:
Jack, Would you bite the hand that feed you?

Phil in Long Beach, California writes:
Both parties serve the same interests. Which side they take is all political theater designed to distract the electorate. No matter what anyone says, there will be no meaningful financial reform just as there was no effective health care reform passed, no campaign finance reform, etc. It's the Republicans turn to play 'Bad Cop'.

Bill in Pennsylvania writes:
Reform? You mean stop their raiding of the public treasury? They will have none of that! General Electirc earned $10.3 billion before taxes. Paid no taxes… No sir. There will be no reforms. All of our legislators are bought minions of the corporate-persons and the very, very rich. Two parties is just a myth to keep the voters entertained but in the dark.

Nikki writes:
The GOP says "no" and "I don't like this" more than my 4-year-old. Does the GOP honestly think that even a Republican voter just wants them to say no to every proposal the president announces? This is irrational. The GOP is losing credibility and looking more and more like a gang of robots who can't think for themselves.


Filed under: GOP • Republicans
soundoff (300 Responses)
  1. Floyd Burgess

    It's simple Jack. Wall Street owns the GOP.

    April 19, 2010 at 2:17 pm |
  2. Amber - Austin, TX

    Jack, haven't you heard that you don't bite the hand that feeds you?

    April 19, 2010 at 2:17 pm |
  3. Eugene Northern Cal

    Corruption is at the heart of Republicans opposition to Obama's Chicago Political Machine style of financial reform. Criss Dodd in charge if financial reform? Give me a break. He's retiring from a corrupt congressional career to avoid criminal prosecution for fraud and embezzlement of millions in campaign funds. Talk about putting the Fox in charge of the hen house. This iswhy congressional ratings have tanked.

    April 19, 2010 at 2:18 pm |
  4. Ed Fazio, AZ

    Jack, I Suspect the Republicans Want "Financial Reform" as Much as the Democrats. The Problem is that Both Parties are Playing the Game of "Party Politics." Neither Will Work Together to Find Real Solutions, so We Will Get Screwed one way or Another by the Bill That Passes.

    After All, "Dodd" is Still in Charge of the Committee That Caused the Last Mess, and We Know He Only Cares About His Hind End and Not Ours.

    April 19, 2010 at 2:18 pm |
  5. Jayne

    You have to ask? Try big checks to their campaign coffers from Wall Street firms. We've got the best government money can buy.

    April 19, 2010 at 2:18 pm |
  6. Paul Austin, Texas

    They just do not want to be accountable for anything isn't obvious.

    April 19, 2010 at 2:20 pm |
  7. John in Flagstaff

    Corruption.

    Republicans are the party of big business, not the average American.

    They did the bidding of the health insurance companies in trying to ruin health insurance reform, and they'll do their best to prevent reform of the financial industry.

    Wall Street pays them well for their services.

    April 19, 2010 at 2:20 pm |
  8. Adam Simi Valley, CA

    i haven't read anything about what the Dems are proposing, but if it is anything like the rest of the bills they are creating I don't have to. It is probably a terrible bill, full of handouts to cronies and fails to fix the real problem. Like "healthcare reform" where their solution for people who can't afford to buy insurance is to require them to buy it, and then do nothing to prevent insurers from raising rates on that person. I'd like to see what the Repubs are proposing instead, because it isn't enough to just say no, but I would bet anything that the dems bill isn't worth the paper it is printed on. I'd be ok if they blocked every piece of legislation from here on out, just so we could stop these guys from making everything worse.

    April 19, 2010 at 2:21 pm |
  9. Ed

    I think they're opposed to any reform purely for potlicial reasons. They believe their path back to power is if for the things to get worse, hoping the public will punish the Democrats. A loss for the country, is a win for them.

    Ed
    Texas

    April 19, 2010 at 2:22 pm |
  10. Mark- Rebublican in PA

    Its simple Jack, The Republicans are the party of NO!- NO ideas, NO ears to listen with and NO Eyes to see, and NO leadership! They can't compromise because they have nothing to offer to compromise with so they just say NO! That's why as a Republican I am voting against them _ I SAY NO TO THEM, and yest to the Democrats and OBAMA this time. Hopefully my part will change and give me back a choice sometime in the future.

    April 19, 2010 at 2:24 pm |
  11. Kevin in Dallas

    Those who object to the reform are the ones who will be subject to the reform. However, the reform should be questioned and challenged, so that pitfalls can be identified and corrected.

    April 19, 2010 at 2:24 pm |
  12. Tom, Avon, Me, The Heart of Democracy

    The reason George Bush gave tax cuts to the rich was because they were his base. Republicans have always been the party of the rich. Mitch McConnell just met with finance industry CEO billionaires to ask for donations. He can't ask them for money and not promise to thwart president Obama in restoring safeguards and controls FDR implemented after the Great Depression. May McConnell have as much luck with that as he did with protecting health insurance companies.

    April 19, 2010 at 2:25 pm |
  13. Harold, in ANCHORAGE, AK

    They know which side their bread is buttered on. They have to protect their sourcesof income.

    April 19, 2010 at 2:26 pm |
  14. Zach

    Republicans are in election mode and by opposing the obama administration, which represents everything that their base hates, they are shoring up support for their midterm elections. I have no doubt that they will attempt to pass a similar bill if they regain control of congress since the current bill takes measures that are actually in par with their values. They will continue to spin this until one of them breaks ranks and supports the bill or until they are called out on their misdirection.

    April 19, 2010 at 2:26 pm |
  15. Dean D.Ellis

    The RepublicaNOS are the party of an unfettered free market economy. Prohibiting people from freely plundering the economy is a Democratic Party plot to destroy free crime, I mean greed, no I mean the Republican way. Oh, and they weren't aware that there was a problem to begin with so they didn't have time to prepare. Slow down, why take a bite out of crime now when you can just chew on it for years!

    April 19, 2010 at 2:26 pm |
  16. Dean D.Ellis

    The RepublicaNOS are the party of an unfettered free market economy. Prohibiting people from freely plundering the economy is a Democratic Party plot to destroy free crime, I mean greed, no I mean the Republican way. Oh, and they weren't aware that there was a problem to begin with so they didn't have time to prepare. Slow down, why take a bite out of crime now when you can just chew on it for years! Dean D. Ellis Palm Springs, FL

    April 19, 2010 at 2:28 pm |
  17. Russ in PA

    If the average Republican had the sense of Ron Paul, then he would be voting against such nonsensical "reform". The only true reform is to return us to a free market, and allow the dead wood to fail.

    Case in point: with all the fuss about Goldman-Sachs right now, why isn't anyone questioning the sense of the Commodities Futures Modernization Act passed by our Government that allows Goldman-Sachs to do what they did? Yes, your Congress opened the door with that act some ten years ago...

    More reform? Please, God, no!!!

    April 19, 2010 at 2:28 pm |
  18. Donna Colorado Springs,Co

    Could it be that they are living in the pockets of big business and really couldn't possibly live within their means if they lose all of the payola that they're used to? Or maybe they just REALLY LIKE SAYING NO TO ANYTHING THAT THE DEMOCRATS WANT!!

    April 19, 2010 at 2:29 pm |
  19. Mike Foxworth

    Since the health care debate drubbing, most Republicans in Congress have largely displayed a cavalier and hell-bent attitude that anything marked "Obama" will be opposed, regardless of merits. The elections are coming and the GOP leaders want to muster whatever following they can as they gird for the election battle. It is only about the election, folks! By the way, I'm a Republican.

    April 19, 2010 at 2:30 pm |
  20. oldfuzz

    It's a mixed bag. Some, Senator Snowe and Collins from Maine, for example, probably want some fine tuning done. At the other end, the Senate Republican Leadership, for example, are strictly obstructionist, against anything the Democrats propose.

    This may be our first best chance to see whether cooperation across the aisle is possible. Both sides say they are for reform, but disagree on the details.

    I'll bet President Obama is hopeful.

    Las Cruces, NM

    April 19, 2010 at 2:33 pm |
  21. Chad from Los Angeles

    Money. It drives everything in the GOP. Money is the reason they wake up in the morning, the reason they keep on breathing. Its all they care about. They will do anything to keep their wealth. Since Big business supports their campaigns, they object to reform, and they hate change, no matter how clear it is that we need more regulation!

    April 19, 2010 at 2:35 pm |
  22. george charles paree

    Moral plans of democratic are hollow tricks just like obamas presidents les Are we going to keep us safe chuck paree anderson im.

    April 19, 2010 at 2:36 pm |
  23. Ryan, CT

    Truth be told, I truly believe the Republican Party wants the US to continue its downward spiral to have any chance in 2012.

    April 19, 2010 at 2:36 pm |
  24. steve in florida

    That's like asking why the wolves don't want a lock on the henhouse door. Forget the Elephant in the room, this pachyerm's in the tank.

    April 19, 2010 at 2:38 pm |
  25. Brian

    Anything Obama proposes is worth opposing in the eyes of the GOP. The party of "NO" will feel the pain when we all vot "YES" for another term of Obama!

    April 19, 2010 at 2:41 pm |
  26. Tyika Mitchell

    Jack~
    The GOP doesnt have a REAL opposition to financial reform, except that it is being proposed by this administration. They're sad....

    Tyika
    San Mateo, CA

    April 19, 2010 at 2:41 pm |
  27. Greg in Cabot, AR

    MONEY!!!

    The GOP does not want to stop financial institutions from using my savings as gambling chips where they keep the profits if they win and I pay the loss when they loose because wall street winnings translate into GOP political contributions and losses that are covered with taxpayer bailouts generate talking points for the next election.

    April 19, 2010 at 2:42 pm |
  28. Tony from Southport

    Gosh Jack, do ya' think it might just be that they are not opposed to financial reform but just opposed to the particular way that Democrats are trying to do it? After all, wasn't it Democrats like Barney Frank that didn't see the coming of the financial collapse at Freddie and Fannie? Wasn't it Democrats that didn't want regulations on sub prime mortgages that led to hundreds of thousands of foreclosures?

    You are a smart man Jack, but at times it seems that you really don't care what Republicans think, and would prefer to undermine their solutions in favor of Democrat party fluff.

    April 19, 2010 at 2:44 pm |
  29. Homeless D in Atlanta

    Republicans against financial reform? Oh, Jack, Say it ain't so!

    Why would the big money party, the party whose minions got us into this financial predicament, be against reform. Surely, you jest!

    My guess is because they are a bunch of self-serving, money-grubbing, tight fisted folks who want to bew able to do whatever it takes to get ALL the money, and to repress the working class until it can no longer function!

    April 19, 2010 at 2:45 pm |
  30. dan mcnally

    Dear Jack,

    The GOP is in a difficult position. They have vowed to take Obama down no matter what, not let him have another victory, completely stymie any measures he may put before Congress. But Financial Reform is tricky, The country hates Wall Street and the GOP already looks to be too cozy with those sharks already. Can they possibly afford to appear to be defending the nation's number one bad guy right now? Tricky. The losers in all this of course are the American people. So what's new.

    Dan NY

    April 19, 2010 at 2:45 pm |
  31. David of Alexandria VA

    Jack - the GOP isn't opposed to financial reform any more than they were opposed to health care reform. They are opposed to the particulars of the current draft legislation - too much government, more taxes and fees which we will be paying somehow, and (most chilling) the ability to unilaterally force a company into bankrupcy and wipe out billions in owner equity. No appeal, no commutation of sentence, no going back. I think there is a punative tenor to this which will stiffle growth while trying to simply manage risk. The GOP believes that a more regulatory-based approach would be best. I agree.

    April 19, 2010 at 2:45 pm |
  32. Minesh -Troy, MI

    GOP and smart voters know that this financial reform is about government take over of financial institutions.

    This same administration took over General Motors under the guise of bail out by canning the CEO and replacing the management by its own people.

    The Health Care reform will slowly eliminate all health insurance companies in next 5 years just like what is happening in bay state of MA.

    Minesh, Troy, MI

    April 19, 2010 at 2:48 pm |
  33. Mendemoi

    What's behind GOP opposition is simple...Their Corporate Supreme Court Justices have given them the green light to get political campaign support (ads and expenses paid) from their mega corporations and corporate buddies. How can they let that opportunity pass by when they can now have those corporations help them win election especially now that the Obama administration has started a bill to control Wall Street runaway rip-off schemes?

    April 19, 2010 at 2:49 pm |
  34. Loren

    Stupidity. They've been tied to capitalism for so long, they can't quite fathom that President Obama has hijacked their boat, and they continue with their knee-jerk response to anything the Democrats propose. Here is an opportunity to show the hypocrisy of President Obama in his dealings with Wall Street (read the clear and concise reporting of Matt Taibbi in the Rolling Stone, yes the Rolling Stone), and the Republicans fall over themselves to show how stupid they are and be more a party of responsible government. The financial mess will continue unless real restraints removed from Wall Street are replaced and the insider pipeline of information from the White House to Wall Street is closed.

    April 19, 2010 at 2:51 pm |
  35. Jeff in E. Lyme, CT

    Jack, as long as you keep asking questions you alrady know the answers to, I'm gonna keep answering them. MONEY!! Those who are profiteering from it being legal to "Screw thy Neighbor" buy off the GOP canidates with "Contributions" to vote their way. Simple as that.

    April 19, 2010 at 2:51 pm |
  36. Christian

    The Republican's motives are very clear Jack. They are going to oppose and degrade any piece of legislation President Obama and the Democratic Congress support. Simply because the American are simple minded and have amnesia, and come November, they can gossip about the so called bad things the Democrats have done.

    April 19, 2010 at 2:52 pm |
  37. Ron B.

    I for one am not buying the Republican "Chicken Little" strategy that everything this President proposes is going to bring about doom and gloom. This manufactured opposition is more of the same spine-less lack of governance that masqueraded as machismo, us versus them, bring it on, red state vs blue state, conservative vs liberal politics we saw over the last eight years.

    What can be wrong with requiring Wall Street to put their money where their risky investment schemes are? Of course Wall Street is against it because the money they would have to contribute to this reserve fund is the money they would be handing out as bonuses regardless of company performance.

    Republicans need to lead, follow or get out of the way. I don't fear the future.

    April 19, 2010 at 2:55 pm |
  38. Kenny in the High Desert of California

    There is a simple answer, " Don't bite the hand that feeds you".

    April 19, 2010 at 2:57 pm |
  39. david ( virginia

    Inherent corruption , Jack!...When the republicans gave up on kicking Barney Frank out it was becuz they saw an opportunity to derail integrity and morality and blame it on someone else..Proof, the beast of consolidation off shore and in country has paid every one of our congress members..and our childrens future suffer the consequences>purge the 2 party inherently corrupt..god save us!!

    April 19, 2010 at 2:58 pm |
  40. Angel from Birmingham

    Most of the republicans I know are wealthy. They like the financial system the way it is. it's made them rich. That's also why Bush deregulated the banks to begin with, which resulted in his having to begin the big bailout - something people should remember when they want to complain about Obama's handling of the crisis. He was cleaning up the mess that he inherited from the republicans.

    April 19, 2010 at 2:58 pm |
  41. Bizz Quarryville, Pennsylvania

    The GOP represents big business and the rich. It does not surprise me at all that they are not willing to support financial reform. They believe in the trickle down theory. Leave big business and Wall Street governed themselves and they will reward the rest of us by leaving money trickle down. Well we have seen how that theory works. We cannot as a nation have companies so big that if they go under the rest of the economy goes with them. Sitting back and doing nothing is like reloading a bomb that just exploded.

    April 19, 2010 at 2:59 pm |
  42. bonnie lague

    I remember when Clinton came into office. His campaign was economy based after 8 years of Republican control. The economy was in a deep recession and Bill Clinton pulled us out leaving a surplus at the end of his term. George Bush gets into office and immediately after he is inaugurated he says " I have a blank check and I'm going to spend it!" Which he did! Deregulation of banks, airlines, railroads, and breaking the backs of all the unions lead to massive profits for big business and outrageous profit taking, while the country was forced into a war, with private companies like Endron, the VP's favorite, making massive profits through government contracts. The Republicans want all of this back! They want the deregulation, the low worker wages, outsourcing for high profits, and padding their own pockets. George Bush wanted illegals to have amnesty so he could get their votes. Those very people are the ones who broke the health-care system because of excessive use of Emergency Rooms for every day medical care. I know this for a fact, I worked in a ER for five years. The waiting room was constantly filled with people who couldn't speak English, used false ID's while filling out the paperwork, and used anchor babies so the whole family could stay in this country draining our welfare and Medicaid systems. But, they work cheep! Hiring illegals gives businesses big profits but it breaks and destroys the system. Republicans are all about profit, not freedom! They want a two class system! They want to eliminate the middle class altogether so they can keep corporate profits high.

    April 19, 2010 at 3:01 pm |
  43. Craig in Houston

    C'mon Jack. you know the answer to this. President Obama could announce the discovery of the cure for cancer, and the reps would oppose it as a socialist plan. The only thing the reps are serious about is regaining power. That's it. They won't be serious about governing until they're the ones in power again.

    April 19, 2010 at 3:03 pm |
  44. tom Trapani, Quito, EC

    It is clear to me the GOP is owned lock, stock and barrel by the special interest because of their $$$$ they willingly do their bidding for a price of course.

    April 19, 2010 at 3:06 pm |
  45. Dennis North Carolina

    who do you think is the backers of the GOP? you do not bite the hand that feeds you most your meals. check the party card of most of wall street and you will see the party of no and no regulations. smells like republican to me.

    April 19, 2010 at 3:07 pm |
  46. Rich

    Republican opposition to financial reform is all about "whose plan it is." Unfortunately, their own plan of "trickle-down economics" , beginning with the Reagan Administration and continued by the second Bush Administration, failed miserably. Giving huge tax cuts and loopholes to the wealthy so they could invest it in foreign companies was not the answer. President Clinton and the democrats in Congress faced the same opposition, but managed to overcome it and passed the bill that balanced the budget. When Bush took office, we had a budget surplus. All one needs to do is look at the national deficit and national debt at the end of Bush's eight years. The Republicans did a thorough job of labeling the democrats as "tax and spend liberals", but which is worse, tax and spend or credit card spend, as Bush and Reagan before him did? Reagan's "supply-side economics" was also a huge budget buster. True, Reagan kept Americans working, but did the end justify the means? People were working and paying their taxes. However, since there was no demand for the goods the manufacturers were producing (supply-side economics), our government was purchasing those goods in order to keep manufacturing producing and Americans working; and later sold those stock-piled goods for pennies on the dollar. Just follow the National Debt Charts beginning around 1980.

    April 19, 2010 at 3:07 pm |
  47. marja hartzell-oforji

    Many of them are stockholders of banks and health insure companies. Money means much more to them than the reputation of the party and many of them have never cared about how poor or unemployed people get along. If these Republicans were real Christians like they want to be seen, the weak in the society would really be close to their hearts. Maybe they have never heard, that we Europeans can judge a country according to how it takes care of the weakest in the society. We have thoughts like, the better the weakest ones have been taken care of, the more civilized the country is. And by the way, our health care system in Scandinavia, has nothing to do with socialism. We do pay for it ourselves through our taxes, all of us not only half the population. So, if paying taxes is socialism, most countries in the world could be called socialistic, including yours.. And by the way between 80 -95 % of us do vote, so we have chosen those who use our taxes for the purposes we want.

    April 19, 2010 at 3:09 pm |
  48. Hans

    The GOP is against anything that President Obama is for. They are owned by big business and the banks. If they would be for bank reform where would they get their campaign money and jobs after they retire or (hopefully) get voted out of office? To the GOP the term bi-partisanship means do what WE want even though we lost the elections.

    Hermann, MO

    April 19, 2010 at 3:11 pm |
  49. diane in california

    jack–the repubicans seem to object to everything obama has put before them. this should not be anything new.

    April 19, 2010 at 3:11 pm |
  50. BEVERLY-Mystic,Iowa

    I know what's behind it, but since you just delete my comments, I don't think I'll waste my time, since it's just for the good of our Country.

    April 19, 2010 at 3:12 pm |
  51. BAM in Maine

    Republicans make a lot of money on Wall Street and get a lot of campaign money from Wall Street. Republicans are united and won't support Obama no what he does. Obama is black – what's the percentage of blacks in the Republican Party or the Tea Body? Enough said Jack.

    April 19, 2010 at 3:15 pm |
  52. Joyce H.

    At this point, any thing the Obama Administration tries to do to get America back on track will find opposition from the Republicans. The GOP is more interested in using scare tactics on the American public, than trying to find a way to work with the Democrats in getting things resolved. Most of the mess was left by the Bush Administration. If I remember correctly both parties voted for the bailout of banks and other institutions. We gave George Bush eight Yrs. to screw up things, let's give President Obama some time and credit for trying to work things out. He never said things would be easy when he campaigned, but that he would try his best to change things for the better.

    April 19, 2010 at 3:17 pm |
  53. Fran

    What is behind the republicans opposition is the fact that President Obama wants to try and change things. If the President wants to do anything, the republicans will always be against it, even if it benefits the american people. That is really sad.

    April 19, 2010 at 3:18 pm |
  54. Jerry Jacksonville, Fl.

    Money, money and more money from their buddies on wall street that stuff their greedy little pockets with it. Republicans are identical twins to wall street, they will lie, cheat, steal and step on the little man to get what they want and that is money, money and more money, the fact is Jack that you don't have to be much smarter than Sarah Palin to figure this out.

    April 19, 2010 at 3:21 pm |
  55. Bud Rupert

    Nothing that would be considered a meaningful objection or stimulate a real debate.

    It's clear that the Republicans will say NO to anything the President and his Administration brings to the table. Even the reduction of nuclear weapons. GO Figure!

    April 19, 2010 at 3:26 pm |
  56. JENNA

    What's behind the Republicans' opposition to financial reform?

    Hey Jack, all the Republicans are doing is taking care of their "base" they care nothing for us the "little people"

    Jenna
    Roseville CA

    April 19, 2010 at 3:30 pm |
  57. Tina Tx

    Could it be they are really big bed partners and do not want their rich croonies to have to follow rules and regulations? I am all for reining in the rules that Bush and company allowed to happen under his watch. I have to abide by rules and regulations and so should they.

    April 19, 2010 at 3:30 pm |
  58. John from Alabama

    Jack: The United States Supreme Court has opened the door for large businesses to donate to political campaigns. The Republicans do not want to reform the hand that feeds their campaigns in November. The Repub;licans do not care that unregulated Wall Street and Banks nearly led this nation over an economic cliff.

    April 19, 2010 at 3:33 pm |
  59. Dan-Eustis,Florida

    the Republicans are in the pocket of all the big money interests. Come to think of it so are the Democrats. Mitch " I have my hand out " McConnell
    and John " Don't call me Boner " Boehner our pure hypocrites. As most
    Washington Republicans are multi-millionaires why would they want
    financial reform that will only protect us small fry while cutting into their
    enormous profits Oh, I almost forgot, the Republicans main cheerleader,
    Rush " Krispy Kreme " Limbaugh doesn't he set the republican agenda.

    April 19, 2010 at 3:33 pm |
  60. Vanessa Vonn

    Republicans are Wall Street puppets.It's been that way for 100 years. They'll perform and act exactly as they're told. Right now they're being told to stop or at least water down reform.

    April 19, 2010 at 3:35 pm |
  61. Darwin B Phillips

    Republican Anger, Jealousy, and Stupidity plain and simple !!!

    April 19, 2010 at 3:36 pm |
  62. Greg, Ontario

    The Banks have always had the GOP in their pockets. That's why even if the Democrats try to pass a bill that was written by the Republicans, if the banks say no that is the way the GOP will vote. What should bother Americans is it is not going to include Tax payers money and it is there to minimise the effect or harm to the American people by the failure of a bank.

    April 19, 2010 at 3:36 pm |
  63. Rick McDaniel

    Everyone wants to keep the reform from affecting them and their earnings, of course.

    In other words, pure greed.

    The Dems want to leave loopholes, so they get treated right, and the GOP wants the same loopholes, but they want to make those loopholes an issue, even though they have no intention of closing them.

    April 19, 2010 at 3:38 pm |
  64. Lance, Ridgecrest, Ca

    Jack, 2 things are behind the opposition. First, the $50B bailout pool, which is just a another bailout pool of money, that would be available to bailout any company the administration decides is "too big to fail". Second, is the fact that the bill specifically does NOT address FANNYMAE & FREDDYMAC, two of the worse offenders in the present depression. WHY? Well, off course, they are too big to fail, and they are supported by the welfare loving democrats, so they get a free pass. If you are going to "fix" financial companys, let's fix all of them, government ones included, not just the highly visible Wall Streeters.

    April 19, 2010 at 3:40 pm |
  65. Janne from NC

    I am a die hard republican but I can only chalk it up to stupidity. If they vote against this they have lost my vote.

    April 19, 2010 at 3:40 pm |
  66. Tom Huntington, NY

    The GOP reminds me of the song that Groucho Marx sang: Whatever It Is I'm Against It.

    No matter what President Obama does they will be against it. Of course the fact that they are in the pockets of Wall St. bankers doesn't help their situation either.

    April 19, 2010 at 3:45 pm |
  67. Jim Z..Ft. Worth...Texas

    Jack, for a Monday morning this question couldn't be easier. How can anyone ever forget the eight years of Cheney-Bush? Runaway spending is so hard to cure in just over a year and to change the Republican Party war mentality may take decades. So too it is difficult to reign in 'rogue' banking policies allowed to run rampant under the Bush Administration. I, for one, will go to my grave appalled by the stupidity and stubbornness of paltry partisan politics.

    April 19, 2010 at 3:45 pm |
  68. Bill from Green Bay

    What's behind GOP opposition to financial reform, Jack? GREED, corporate CASH, and Stupidity...and not entirely in that order.

    When you have a game where all the rule are in your favor or you have all the loopholes and you are making BANK off of it, why would you want to change the rules?!

    April 19, 2010 at 3:49 pm |
  69. Mysterious, Chicago

    Everthing President Obama.

    April 19, 2010 at 3:51 pm |
  70. Carl

    Jack,
    In my opinion, it doesn't matter if the Republicans are for or against the financial reform, or who is in office. To me, both parties act like Clowns and are only there to serve there own needs, this is what is wrong with America now, until we get a party that actually cares about the American people, we are in for far more doom and gloom. In reality, we don't see that happening anytime soon do we?

    April 19, 2010 at 3:53 pm |
  71. Phil in Long Beach, California

    Both parties serve the same interests. Which side they take is all political theater designed to distract the electorate. No matter what anyone says, there will be no meaningful financial reform just as there was no effective health care reform passed, no campaign finance reform, etc. It's the Republicans turn to play 'Bad Cop'.

    April 19, 2010 at 3:53 pm |
  72. Richard McKinney, Texas

    I don't know about the rest of the republicans but what I see in this reform proposal is loop hole after loop hole for clever lawyers and others to jump through to avoid most of it all together. The biggest problem with this bill is that it has no way to enforce rules. Without the inherent power to enforce the rules it leaves the agency toothless. The only people that this bill effects are those that decide to play by the rules which most don't anyway. It is very similar to putting locks on the doors to your house. They will not stop someone who wants in and once they are in they will clean you out. When you get home you find all your stuff gone and the lock smashed open. Not only were you robbed but you now have to replace an expensive lock that stopped no one.

    April 19, 2010 at 3:54 pm |
  73. Charles in ohio

    Jack: It's called hands in the pockets. Where do you think most of the RNC/GOP campain funds come from? It's not us little people out here
    in the country side. My local bank is doing just fine. They do business the old fashioned way.

    April 19, 2010 at 3:55 pm |
  74. JaneE

    The Republicans are united against everything this administration wants to do. Even if it means that they must reverse themselves on policy positions and oppose positions popular with a majority of citizens. Using this opposition to rake in money from wealthy Wall Street is just icing on the cake. If they can prevent legislation authorizing the shut down of failing financial firms, it will mean even bigger bailouts in the future, draining money from the treasury and putting it in the hands of Republican contributors. Win Win Win for the Republican party. Lose Lose Lose for the American people.

    April 19, 2010 at 3:55 pm |
  75. perry jones

    when can i the tax payer have time to read this bill has the bill been writen and what are the tax thives going to slip in at the last moment

    perry

    April 19, 2010 at 3:58 pm |
  76. Tony, Ashburn VA

    The SEC's commissioners voted 3D-2R along party lines to prosecute Goldman over its Abacus deals, that goes to show you who the Republicans are representing. The democrats are not that Great but at least they are trying to do something to prevent future fraud.

    April 19, 2010 at 3:58 pm |
  77. Mike Crockett, TX

    It seems like a continuation of the "Party of No" strategy. Unfortunately the Republicans will oppose anything put forward by the Obama administration to prove the point that "Yes They Can". This is a play to the Republican base, "The Pity Party", that they hope will not backfire.

    If the American voters are paying attention they will notice that the Republican Congressmen and Senators are opposed to anything they do not control like small spoiled children. We can only hope they, "The Party of Me", will not succeed.

    What happened to the guiding principal of our founders, compromise?

    April 19, 2010 at 3:59 pm |
  78. Alan From Riverdale NY

    What's behind the GOP opposition to the banking reform bill? Are you really asking this question Jack? Only the dumbest of the dumb (I suppose that would be a tea bagger) doesn't know that the reason the Party of No will oppose this bill is because they promised the Banking Industry that they will not allow this bill to pass.

    Of course the Republicans expect tons of money in return for their obstructionism. Try a harder question next time Jack.

    Alan
    Riverdale, New York

    April 19, 2010 at 4:00 pm |
  79. chuck // coastal n.carolina

    They have interest in the middle class. They say they do, but they want the interset in corporate america to have there way. This why the republicans de-regulated the banking industry..... this why it is wrong, look what happened when the fox is left to watch they hen house. There "trickle down economy " has proven that it does not work, some republicans realize that... others are either too stupid to know or moaking so much money they don't care. They want more ( greed ).

    April 19, 2010 at 4:00 pm |
  80. cy

    The GOP represents BIG MONEY. They can't come out and say "This bill unfair to greedy rich people". So, they do a focus group and find that people hate bank bailouts. That becomes the mantra, "Stop the bank bailout bill!" It doesn't matter if it is completely false. The GOP knows that the stupid sheep who watch Fox or listen to talk radio don't care about the truth and aren't smart enough to understand anything that won't fit on a bumper sticker. They are against this bill because they are against anything that helps the USA or that prevents rich greedy people from stealing the entire economy. cy from arlington,va

    April 19, 2010 at 4:01 pm |
  81. Anna, New Mexico

    The GOP will not support anything the WH supports. Its as simple as that. I don't care what kind of rhetoric they use or their justification–if President Obama gave them everything they wanted, they would still be against it. From Day 1, thats been the GOP's mantra and their goal. They are merely heeding the orders given by Rush Limbaugh, which was "Obama must fail." And they have to keep up the anti-WH rhetoric right through November election and on through 2012. I just hope the American public remember under whose watch the nation suffered its worst recession since the Great Depression.

    And while I'm at it, I have a question for all the Tea Party people. Where were you when W took this nation from surplus to deficit? Where were your voices when under W's watch, the nation went into the worst economic collapse since the Depression? I have a sneaky suspicion that you all were the 30% die hards who still believed George W. Bush was a great president! Phooey! Funny how the party of a president (or perhaps its the color of the president) that made you all so vocal.

    April 19, 2010 at 4:01 pm |
  82. DON, TRAVERSE CITY, MICHIGAN

    Republicans only care about big business, Jack. They would crush us under their heels if they could. And if Obama says the sky is blue they are going to rush to say it is polka-dotted. And yet people in this country still buy their rhetoric! Sad.

    Great question, Jack!

    April 19, 2010 at 4:01 pm |
  83. Bernieof Lowell, MA

    Pick one or all: Greed. Loss of campaign financing from Wall Street. To cheer on the Tea Party fanatics. Lust to have another 'bailout' to blame on the Democrats. A gambling addiction.

    April 19, 2010 at 4:03 pm |
  84. GBB in TX

    There is no credible opposition to the bill. The GOP and DNC are four square behind it. They have joined together in the fleecing of the American public. The GOP thought it wise to mouth the words of opposition, but when it comes to the vote, they will make sure that it passes with a slim margin. This makes it appear to their constituencies that most of the GOP is against the bill.

    April 19, 2010 at 4:04 pm |
  85. beene bruce Kelowna B.C.Canada

    is there ANTTHING the Republicans would co-operate with this government??.. they are hell bent on making sure Obama has nothing to show for his presidesncy ..also the GOP has ALWAYs been in bed with big business...didn't they have a meeting with Wall street ..a couple of days ago ?? to ask ofr compaign money??
    have the Reps supported any bill?? they lied about health reform ..death panels etc...now it's "continual bail-outs"..when is the
    American public going g to wake up and see the GOP for what it is . hate- mongering lieing obstructionists...how can they not see they care nothing for the good of the people....
    i'm not saying Obama hasn't made some serious mistakes..but much of his actions are a result of the mess he inherited ..[ i know some say they are tired of hearing that!!] it's the FACTS they don't like to hear...

    April 19, 2010 at 4:05 pm |
  86. Chris - Athens GA

    two words – self interest.
    Follow the money.

    April 19, 2010 at 4:06 pm |
  87. Paulette from Dallas,PA

    I'm for it. We need this regulation so the bottom doesn't fall out again. The GOP is only being oppositionally defiant in their grand cantankerous way.

    April 19, 2010 at 4:07 pm |
  88. Leslie

    What's behind it is money! It is clear that the republican party does not want main street to have any protection under any law. They want the consumer to take all the risk while the banks and wall street have none. They claim they do not want any more bail outs. Although they do not want any consumer protection. They gave the banks that 700 billion. They wanted to bail out the auto industry and they are the very one that bailed out the big wall street houses without any strings. It is what they wanted and now that its all good on wall street again they want to go back to business as usual. Well I say hell no to that and we want reform now. If it is a fight they want then we will give it to them.

    April 19, 2010 at 4:10 pm |
  89. Lori - PA

    Jack,

    The Replicans don't want to work with the Democrats, and the Democrats don't want to work with the Republicans. This stubbornness that both parties show when it comes to bipartisanship
    has to stop. There needs to be less concern about being right, and more concern about the growing deficit, unemployment, education, etc.

    April 19, 2010 at 4:11 pm |
  90. Kyle, Irvine, CA

    Jack,
    The Republicans think that reforming the Private Sector is another step towards Socialism. I do believe their needs to be some stricter guidelines on how business conducts itself especially if our tax dollars bailed them out in 2008. This will be just as controversial as President Obama's Health Care Reform Bill. Only this time I hope there is no "closed door" "behind the scenes" meetings and Congress will be honest with the American People about what is in this bill.

    April 19, 2010 at 4:12 pm |
  91. Curtis in Philadelphia

    The GOP have to appear to the right that they, the GOP, are upholding the American way before Obama. They have to fight anything he does. If the White House caught fire and Obama tried to put it out, the GOP would claim that the fire was divine intervention and that Obama was wrong in trying to stop God's will.

    April 19, 2010 at 4:12 pm |
  92. Diana

    Its funny how the republicans never learn I wish they could propose some type of bill that will prevent the american people from spending billions to trillions of dollars of bailout money from our tax money the republicans position on free market is not good for the american economic system so I am not suprised for there backing of the wall st earners and big banks

    April 19, 2010 at 4:13 pm |
  93. J.R.Canada

    Let us review how deregulation by the previous President took the American taxpayer to the market of putting their economy in the state it has become. And, ask why they are still supporting the Private Corporation and refusing to reign them in, to some real accountability.(?) Strange bedfellows who are misleading the public as the 5W's, because the Truth will show them for who they truly are part of the mess and farthest from the solution.

    April 19, 2010 at 4:14 pm |
  94. ejmounsey Granville Ohio

    The Republicans have been bought by the predatory bankers on Wall Street.

    April 19, 2010 at 4:14 pm |
  95. Gail Craig, Plano TX

    Jack: The Republicans are the "party of no". I thought we had established that fact ages ago. They are hell bent on destroying the President. They care nothing for us, the American people. Hopefully, we remember what they have done in November and do not vote for any GOP incumbent or GOP candidate. They are in total, a disgrace to their respective offices!

    April 19, 2010 at 4:14 pm |
  96. Cheryl

    They know who they really answer to – the big corporations who fund them, and later give them cushy jobs and big pay-offs. Ripping off the Amercan public for the good of Big Business is very lucrative for the Repubs.

    April 19, 2010 at 4:17 pm |
  97. Kevin in CA

    Free market capitalism, entrepreneurial spirit, family values and money ... lots of money ... especially for self, family & friends.

    April 19, 2010 at 4:18 pm |
  98. Helen

    Actually 2 words: Wall Street

    April 19, 2010 at 4:19 pm |
  99. B.J., Quincy,Ill.

    They realize that it will be harder to get there palms greased or their butts slapped, They don't want fairness they just want to hog it all and take care of the rich so they can keep their jobs.

    April 19, 2010 at 4:21 pm |
  100. Joe R - Houston

    I'm not a Republican, but here's why I don't think it will matter.

    NONE of the past economic woes were discovered by the agencies responsible for their regulation:
    – The Savings and Loan Bubble,
    – The Dot Com Bubble,
    – The Housing Bubble,
    – Enron,
    – Bernie Maddoff...

    None of them.

    Yet all of these problems stemmed from either misguided fiscal policy, unreasonable but well intentioned welfare programs, or out and out fraud.

    If I had been hired to design a strategy aimed at crippling the US economy, I couldn't have bettered what's been going on for the last 100 years. Half of the people who ought to be in jail are regulators.

    April 19, 2010 at 4:22 pm |
  101. Amy

    Unemployment Benefits 99 Weeks?

    Did Congress forget about those of us who have exceeded the 99 week threshold to receive unemployment benefits? Although 99 weeks is a long time to be unemployed and received benefits, there are still no jobs and we still do not have money for rent, bills or groceries.

    Amy
    Los Angeles

    April 19, 2010 at 4:23 pm |
  102. Heather from Indiana

    Repulicans are Wall Street and Wall Street is republican. They're in this together. It is the repulicans on SEC board that voted AGAINST fraud charges....go figure. Republican motto, I've got mine and I've got mine, so screw eveyone else.

    April 19, 2010 at 4:23 pm |
  103. Richard Stump

    The Republicans are opposing everything so that nothing is done in congress. They want to make Obama fail at all costs. Will the Teabaggers try to make today a national holiday?

    April 19, 2010 at 4:25 pm |
  104. Richard Hill/NH

    Jack,
    Mainly three things: Wall St., Greed, and Hatred for Obama. The GOP views government as a pervasion and natually always want to PRIVITIZE PROFITS AND SOCIALIZE LOSSES (recent Wall St. bailout).

    April 19, 2010 at 4:25 pm |
  105. Brian Smith PhD

    Even if legislation funded a dog leash for a Dog Catcher the Republicans would oppose it. They have to. Unless they form a seamless opposition to all things Obama, they will lose the next election. It is all about winning, and nothing to do with what is good for the nation.

    Brian Smith Ph.D.
    San Diego CA

    April 19, 2010 at 4:26 pm |
  106. Steve, Clifton, VA

    Like any and all significant legislation that has been proposed the past 18 months, the Republicans have nothing to propose to fix or help to fix America's problems except perennial criticism of efforts by the opposite party because they didn't lead when they were in a position to lead nor have they initiated any solutions. The Republicans place such a high priority on being the majority party with the power that they are totally void of new ideas, innovations or solutions to America's issues. They claim that they are avid supporters of the U S Constitution which is designed to preserve and protect the values and principles and overall the health of the United States. Republicans care more about power than they do our country and they want to be perceived as doing their jobs by opposing any proposed legislation from a party other than the Republican party.

    April 19, 2010 at 4:27 pm |
  107. Barbara in NC

    The Orange Man andTurlte-Face are hell bent on Obama's Waterloo - no matter what the cost to the people of this nation.

    That's how the Party of NO/HELL NO started and that's how it will end.

    April 19, 2010 at 4:28 pm |
  108. Gigi Oregon

    I'm sure it has something to do with keeping the rich rich and letting the poor pay the bill. Things began to fall in America while the rich Republicans were in office the past two terms. And lining their pockets. The banks used our money while dropping interest rates on average Joe's accounts and CDs. Regulations disappeared. The rich bought up real estate, sent our jobs overseas etc. Our government borrowed money from other counties instead of taxing the rich. And now after 18 months suddenly it's all Pres. Obama's fault.
    The answer to the Question is... It's all about money in the pocket of the rich. Let's pray their are a few honest or at least feel guilty, Republicans in the Senate.

    April 19, 2010 at 4:28 pm |
  109. pat in michigan

    they are in danger of losing their "Sugar Daddiies"on Wall Street. They have bought and paid for protection for decades in the form of watered down "window dressing legislation" that allowed the debacle which has led to the second depression in 100 years in this country.

    April 19, 2010 at 4:28 pm |
  110. Jim in Alabama

    As usual Jack, the Republicans are playing politics with a very important bill. Their obsession with trying to make our President look bad take priority over their concern for this nation's economy and banking system once again. They have fought everything this administration has tried to do, regardless whether it was right, wrong, good or bad, so why change now. BTW Jack, I thought the voters said that they were sick and tired of partisan behavior last election? Didn't the Republicans get the message?

    April 19, 2010 at 4:29 pm |
  111. Bob Tampa Fl

    Their whole opposition is that the Democrats are for it. Not much more complicated than that, Jack.

    April 19, 2010 at 4:29 pm |
  112. Doug - Dallas

    They don't want to bite the hand that feeds them, Jack and what's a few billion between friends? The Party of NO will oppose anything that the President favors because they think it will get them votes. They may find out they're wrong come November but in the meantime it's the average American that continues to suffer and that does not seem to bother the Republicans.

    April 19, 2010 at 4:29 pm |
  113. Ray Lawson from Danville, VA

    TARP, Troubled Asset Relief Program, was designed to buy up bad mortgages from banks to relieve them of some of their debt and make them more solvent. It was never meant to be used to bail out the likes of GM, GMAC, AIG, and others. It was forced on some banks such as Wells Fargo and Bank of America so the administration could justify screwing with them.
    The bigger banks paid it back with interest as soon as they were allowed to by the administration. The companies they bought into are still bleeding cash and need government replenishment each year.
    Fanny Mae and Freddy Mac are still in sad shape even though tens of billions have been paid to them. The Republicans are trying to stop more money being paid into companies that should have gone through bankruptcy proceedings to start with.

    April 19, 2010 at 4:30 pm |
  114. Brian - Trinidad

    Because the Republicans know,same as the Democrats,that this is just about creating another Gov't bureaucracy to reward party faithful with cushy no-teeth jobs.The problem is not that our laws are inadequate,but that no one keeps an eye on things anymore.We're all sitting at our desks sipping coffee and waiting for the electronic beep to tell us something went wrong.And then of course it's too late!We need more "cops-on-the-beat" type watchdogs.Oops,can't do that,because we wanna be freeeeeeeeeee!

    April 19, 2010 at 4:31 pm |
  115. carlos marrero from Socorro NM

    In a word, "November." I heard Sarah Palin say, "We'll get in his way in every way we can." Apparently, many took heed.

    April 19, 2010 at 4:31 pm |
  116. Ed from California

    The Republicans and their buddies are stealing, (I mean making) too much money from us and they can't stop! I guess that "Trickle Down Economics" didn't work out for ya. They all need to join Bernie in his cell!

    April 19, 2010 at 4:33 pm |
  117. Ray in Nashville

    Here's the problem, Jack. This small right wing movement that conservative Republicans have created, financed and stirred up is like a pit bull that has been trained to fight; it's fun to watch it rip apart your opponents, but you're always leery that it might turn on you. Republicans now have to come out against anything Obama proposes or face the rath of it's pet pit bull.

    April 19, 2010 at 4:33 pm |
  118. Melissa

    The only reason they are protesting is because it wasn't the Republicans that did it, and because it was Obama in charge. No other reason.

    April 19, 2010 at 4:34 pm |
  119. Terrence Cain

    The GOP doesn't want to reform wall street because it means their rich fat cat friends will not be lining their fat wallets anymore. You can't punish your boss, and that's all wall street is for the GOP.

    Terrence Cain
    Big Spring, TX.

    April 19, 2010 at 4:34 pm |
  120. Tom Mytoocents Fort Lauderdale, Florida

    Jack
    The Coroner's of Congress are attempting validate the theft of the Bush TARP legislation. First the condone the behavior as legal and then validate the bad behavior with Regulation Reforms.
    A Get Out of Jail Free Card is not the answer.
    Americans need not be reminded theTARP did not pay anyones mortgage or stop average Joe's auto reposessions
    Let the Free Market Capitalism work equally for all Americans, it's self cleaning.
    Allow all the mindless bad behavior to go to Bankruptcy and let the Second Great Depression Cometh. Take our country off the life support of TARP Money. The patient died in 2008
    My life will not suffer nor will the lives of 95% of Americans. We will finally see the true value of these so called executives without the sweat of the American GDP they speculate from. The Mississsippi will still flow South and The Easter Bunny will come next Spring. They've been using fear threats of our own reality to extort money from Capitalism!!!

    April 19, 2010 at 4:35 pm |
  121. Eric - Houston

    I don't know Jack, very possibly the Republicans are trying to paint the Democrats as expanding government and unwilling to work toward a moderate position. Pretty similar in its own way of the Democrats trying to paint the Republicans as the party of No, being for the rich and unwilling to compromise. Just more self-serving politics on both sides. That said, both parties spent a fortune on the financial markets in a terrible rush over the last couple of years, playing on our fears and telling us that if they didn't the markets would crash. This may or may not be true, but we gave them the benefit of the doubt and went along. Now the markets are recovering and it is highly unlikely that that the financial markets will get themselves into trouble in the next few weeks or even months, so why the rush. Shouldn't we do this reform and regulation right, with lots of discussion and selling to the people or is is all just more arrogant, fast and loose politics.

    April 19, 2010 at 4:38 pm |
  122. John in Phoenix

    I suspect that the GOP's opposition is nothing but partisan politics. I think the Republicans are opposing this bill soley because the Democrats are pushing for it. However, I'm glad they are opposing it, even if is for the wrong reason. The last thing we need right now is more "reform" by the federal government.

    April 19, 2010 at 4:39 pm |
  123. Jou

    What haven't the GOP complained, been in opposition or bad mouth lately? Right now what we need are solutions not obstacles or barricades. Start solving the situation that exist in our nation now! Both parties are elected to represent their constituents, not their own agendas and re-elections ( if they do their jobs, they shouldn't worry getting re-elected)! We need jobs, regulations so Wall Street and the banks stop ruining the lives of the Americans people. Quit being arrogant and do your jobs, serve the people!

    Jou,
    Apple Valley, MN

    April 19, 2010 at 4:39 pm |
  124. Brian in Washington

    The Republicans don't want to support huge Wall Street firms that ran away with billions in tax payer money, but it seems their insatiable rabid desire to spite the Democrats at every turn will trump common sense once again.

    April 19, 2010 at 4:40 pm |
  125. Brianne, Oak Point, Texas

    Jack,
    Just one thing - greed. Enough said.

    April 19, 2010 at 4:40 pm |
  126. Susan Frost

    The same thing that's behind their opposition to ALL reform: (1)personal greed and (2)complete disdain and disregard for the American people. Doesn't everyone "get it" by now? Duh!

    Susan
    Tuscaloosa AL

    April 19, 2010 at 4:41 pm |
  127. Ed Lexington, KY

    Jack, it's Mitch McConnell taking money from New York bankers and egged on by Frank Luntz telling him to call it a “bank bail out”. Simply criminal.

    April 19, 2010 at 4:43 pm |
  128. Johnathan

    The role of the GOP senate has for the longest time, by-en-large, run cover for corporations and industry, making legal the ability of those firms to continue to enslave us americans in continual financial bondage where the game is rigged for everyone except the american consumer. That has to change.

    We worry so much about wiping those out that attacked us on 9/11, but we think nothing of it when economic terrorists wreak havoc. I for one believe that the damage caused by the financial meltdown has affected more americans far worse than any terror attack on our soil ever could.

    Sometimes when I look at my bills, I wish a terrorist would kill me. it would be a swift death compared to this slow, Cheney like torture fantasy of being under the thumbs of credit card companies, mortgage bankers and health insurors. The game is rigged in their favor, americans will always lose. Guaranteed.

    Time to put the screws to the worst terrorists in the world, the clean shaven and tie wearing ones, the wall streeters – the worst kind around.

    Go ahead and support them GOP – Let's see a filibuster!
    Make my day.

    April 19, 2010 at 4:45 pm |
  129. Willow, Iowa

    The same as in the health care reform. The GOP is saying absolutely "no" to everything. I do not believe they care at all that they are damaging this country, rather than bipartisan, their entire belief is damage the President, get rid of Democrats. At all costs.

    April 19, 2010 at 4:46 pm |
  130. Jane (Minnesota)

    Jack, would YOU bite the hands that feed you?????

    April 19, 2010 at 4:47 pm |
  131. Papoose

    I think the republicans are obligated to their benefactors.

    April 19, 2010 at 4:48 pm |
  132. kent, NJ

    The republicans are opposed to the financial reform bill because it is not reform. It does not change too big to fail, it does not separate commercial banks from investment banks, and it does nothing for the 600 trillion dollar derivatives market. It will not end casino capitalism. It is just phony rhetoric.

    April 19, 2010 at 4:48 pm |
  133. Mark in Arkansas

    Those who fail to understand history are doomed to repeat it. The GOP Senators are either suffering from Alzheimer's, or are SO rich from kick-backs that the crash two years ago had no affect on them. America deserves better from our Government. Had these carpetbaggers pulled this stuff 100 years ago, they'd all have a new cover of tar and feathers.

    April 19, 2010 at 4:52 pm |
  134. Jarrel Williams

    Politics is behind this. Anyone can see that. When you oppose a bill that is supposed to hold the banks accountable, prevent another bailout, and ensure the economy that another meltdown won't occur, it's safe to say you're putting you political scores over serving your people, and not letting big banks run amok...

    April 19, 2010 at 4:54 pm |
  135. Greg H - Minneapolis

    Jack, is the defense to Democrat "financial reform" going to be "Well, the Republicans passed the TARP bailout!"? What is different with the Democrats is that they are playing up class warfare and jealousy over salaries paid to executives, and using that as justification for interfering with those companies (which just happens to be questionable when it comes to what the Constitution says government can do.) If executive compensation really is so unjustified, then Democrats should go after highly paid actors and athletes, who's compensation makes what executives receive look like pocket change!

    April 19, 2010 at 4:54 pm |
  136. Rae from Indiana

    Well, you know...it is being done by a democratic administration.

    April 19, 2010 at 4:54 pm |
  137. Cliff Glass - Rego Park, NY

    Jack,

    In the Lyle Lovett song M-O-N-E-Y, the defining lyric ( sing it if you must), is No finance, No romance.
    Pass legislation that would prohibit Congress from voting on bills from whom they receive special interest contributions and all consumer protections would pass – of course only by a vote of 1-0 or 2-0, but they would all pass.

    April 19, 2010 at 4:55 pm |
  138. Michael Alexandria, VA

    Two things – a desire to beat Obama on an issue and the craven desire for campaign cash and jobs after they leave congress as lobbyists for Wall Street.

    April 19, 2010 at 4:57 pm |
  139. Scott Stodden

    Here we go again with "The Republican/Tea Party Of No" acting a partisan manner joining together to say NO, NO, NO! This is not leadership Jack but radicalism at its finest! Why not pass this bill? What's wrong with holding Wall Street and big banks responsible if they need to be bailed again in the future, we all hope this won't happen but we cannot allow the taxpayers to foot the bill if it does happen again! Pass Financial Reform now in America so Big Banks and Wall Street can finally be held accountable for once!

    Scott Stodden (Freeport,Illinois)

    April 19, 2010 at 4:58 pm |
  140. steve- virginia beach

    The Republicans haven't been given adequate voice to answer your question with certainty but the reasons for opposing the proposed approach are obvious. It's more of the same from the Progressives- costly and underachieving expansion of government and government control without solving the major underlying problems like "too big to fail" and the Clinton modifications to the CRA that requires lenders to make loans to folks they know will be unable to repay the loans. Yet more reason to fire the bums and elect actual problem-solvers.

    April 19, 2010 at 4:59 pm |
  141. Bernie

    Jack,
    It's just another roadblock to progress put up bu the Republicans. They have said no to everything Obama and the Democrats have tried with no alternative plan. They are being obstructionists. I believe (and hope) they have gravely mis-interpreted the political climate. As I believe they did with healthcare reform. Once people realize what it is really about, they are for it and the Financial Reform will be the same.

    April 19, 2010 at 4:59 pm |
  142. Terry

    Jack ,
    This is an easy one; with the White House led by a Black man, The house and Senate led by Democrats, they are damned if they do and damned if they don't. IT just doesn't matter. Let me say that again, IT just ........doesn't ..........matter!

    Terry
    Enterprise Alabama

    April 19, 2010 at 4:59 pm |
  143. sue from Ct

    The Republicans will oppose anything proposed by the Democrats because they assume that's what Americans want because of the Tea Parties' rants. They are negative and oppose change. If, as they say, they have better plans and ideas , where are they? And, where were they during the Bush years? I am so tired of them saying the American people want–not me and I am an American.

    April 19, 2010 at 5:00 pm |
  144. Carol Auburndale, Fl

    Jack, The Republicans are in Wall Streets and the wealthy's pocket. They don't care about the working class that lost almost everything they had on Wall street. Just so they can rape, pillage and plunder the working class. I say this. The Democrats need to ram reform down their throats so this can never happen again.

    April 19, 2010 at 5:03 pm |
  145. John, Fort Collins, CO

    The GOP will fight any financial reform bill proposed by the Democrats no matter how rational it might be. They view Wall Street as a sub-set of the Republican Party and are being protective of their own kind. But foremost is their stated objective of trying to force President Obama to "meet his Waterloo" at any cost, even if it means stooping to pander to the off-the-chart Pea Tardy people and their hate the government agenda.

    April 19, 2010 at 5:05 pm |
  146. David Gerstenfeld

    NOW I know what GOP really stands for, the 'Great Opposition Party'.
    'We oppose anything you want to do even if it was our idea first party'. Republicans just want to take back their power no matter how many Americans it hurts. "Damn the Country", full speed ahead!
    David, Las Vegas

    April 19, 2010 at 5:05 pm |
  147. Maria

    The GOPs are so far in bed with the financial institutions they couldn't possibly split the sheets without spilling all the secret connections. Of course they are fighting financial reform, wouldn't you in that situation?
    Well, maybe not.

    Maria
    Brunswick,MD

    April 19, 2010 at 5:05 pm |
  148. frankie

    They really are the party of "no" right now. They don't have much use for honesty or politeness. They don't mind stirring people up over imagined bad things that might happen as a result of Obama's legislation, rather than buckling down and realizing that they could very well make sure Obama's legislation works just fine. I am constantly angry to hear them moaning about how they represent "Americans." When one Republican congressman was told on CNN the results of a Gallup poll showing that about half of Americans supported health care reform, all he could say was "that's not true."

    April 19, 2010 at 5:06 pm |
  149. Thomas in Abilene Tx.

    Lobby money is motivating several in the GOP.However, I cannot figure out what reasons Maine's two moderate senators,Collins and Snowe, could possibly have for their obstruction to everything our President tries to do for America.If they (and Mr. I-am-the-41st-vote -Brown of Mass.) keep it up,I hope their constituents vote them all out asap..

    April 19, 2010 at 5:09 pm |
  150. Annie, Atlanta

    Money, and lots of it. If the insurance industry could buy off the GOP and some Democrats on Capitol Hill, can you just imagine what the Wall Street banksters can buy? The possibilities are endless.

    April 19, 2010 at 5:10 pm |
  151. Jack - Lancaster, Ohio

    Jack:

    Neither the Democrats nor the Republicans are going to attack the cash cows over a principle. I suspect the Republicans have no choice to get voters on merits. They will pander to voter discontent over the financial abuse and the yet unknown long-term consequences of all the tarp, incentive, and bailout money. The Democrats, in the end, will produce more government requred to monitor a weak or ineffective oversite force over the financial bulls and depend on manipulating public perceptions in order to "justify" whatever plan they have. As it has been said before, the American taxpayer will be screwed yet again.

    April 19, 2010 at 5:10 pm |
  152. honestjohn in Vermont

    The Republicans don't want to bite the hand that feeds them. It clearly shows you just where the Republicans stand. They were very fast to bailout all the banks but very slow to help the middle-class in a fiasco created by the banks. Now they are showing their true loyalty–to the banks that manufactured this recession.

    April 19, 2010 at 5:12 pm |
  153. Harold In VA

    Four words, Jack – The Party of No.

    April 19, 2010 at 5:15 pm |
  154. Ryan - Galesburg, IL

    Jack, the Republicans are beholden to the banking industry, and couldn't care less about Americans' plight and heartache. Senator McConnell has promised to let the banks destroy even more of business and the middle class, all for the sake of campaign contributions. Shameful!

    April 19, 2010 at 5:15 pm |
  155. Larry L, Torrance, CA

    The Republicans are the Party-of-No. Period. Q.E.D.

    April 19, 2010 at 5:15 pm |
  156. Sue From Idaho

    Jack, in a word stupidity. Or in a sentence if it ain't my idea it ain't a good one. How could 41 people be so ignorant?

    April 19, 2010 at 5:15 pm |
  157. Meg from Troy, Ohio

    Same old, same old, Jack–
    Republicans are going to say no as long as there is something to say no to on the table. Not one Republican is going to get my vote for a very long time. This stance defies common sense and can have only one source–irrational opposition to the President.

    April 19, 2010 at 5:16 pm |
  158. Christine Regina Rickett

    Jack its not about health care, financial reform, a supreme justice or gun rights. It's about how congressional members and other adults teach the methods of bullying even when the other guy won by democratic process. These militia groups, hate groups and Tea Party groups are showing themselves as the American Alcaida's which is if it's not our way it's no way except destroy our country. They portray themselves just like tyrants who want to overthrow the country for their own benefits and not for what is good for the whole country. Clearly it's people like these who are also the parents of BULLIES!

    April 19, 2010 at 5:16 pm |
  159. Betty

    What's behind it Jack? What's behind every thing the Republican's do ? In a word, NO . No reason, no rhyme, no-sense .

    April 19, 2010 at 5:16 pm |
  160. Kirk Neuman (Apple Valley, MN

    Come on Jack! You know that the Republican Party is the Party Of No Frigging Way! At least as long as Democrats have control of Congress and there is a (black) Democratic President.

    April 19, 2010 at 5:16 pm |
  161. Frank Brindel - Atlantic City

    The simplest answer – money

    April 19, 2010 at 5:17 pm |
  162. Wendy

    Jack,

    That's a no brainer. They want the White House back. It is as simple as that!

    April 19, 2010 at 5:17 pm |
  163. Steve

    Jack, its very simple. The GOP and the American Spending are tired of the take over of America being acted out by the Obama Administration. Bush may have bailed out the banks with no strings attached, but Obama got an ownership interest in automotive and banking and then took over healthcare with no bipartisan support. He is simply following the Marx playbook to a tea and the GOP, as well as America, is tired of the rhetoric with no jobs, more spending and no future hope.

    April 19, 2010 at 5:17 pm |
  164. Alan Klopman

    Greed. The Republicans don't want to pass any legislation that might restrict their rich friends making more money.

    Alan
    Miami
    FL

    April 19, 2010 at 5:17 pm |
  165. Darren - Detriut

    Jack, the Republicans just want (us to believe they want) to slow down and get this right.

    April 19, 2010 at 5:17 pm |
  166. Bill in Penna

    Jack,

    REFORM: You mean stop their raiding of the public treasury?

    They will have none on that!

    GE, Inc. earned 10.3 Billion Dollars before taxes. Paid NO taxes and got a one million 100 thousand dollar payment from the IRS bringing the profit to $11.4 Billion! No sir. There will be no reforms.

    All of our legislators are bought minions of the corporate-persons and the very , very rich.

    Two parties is just a myth to keep the voters entertained but in the dark.

    April 19, 2010 at 5:17 pm |
  167. Mark and Felice

    Dear Jack –
    Simple - they want Obama to fail because he is Obama...The far Right Wing doesn't have the brains to understand that this is not Socialism – just smart.!!

    April 19, 2010 at 5:17 pm |
  168. sue

    The same motivation as in recent past; a black president.

    April 19, 2010 at 5:17 pm |
  169. Dan

    Of course the GOP is opposing financial reform. They'll oppose anything that would disrupt their societal ideal. Republicans want to keep the rich rich and the poor poor. It's the Republican way.

    Green Bay, WI

    April 19, 2010 at 5:17 pm |
  170. Mark

    Just another over bloated gov't takeover from the radical left.

    April 19, 2010 at 5:17 pm |
  171. Ron in SC

    Jack, it is business as usual for the GOP and their support and financial rewards from Wall St. and Banks is behind it. The GOP is also continuing with their usual "party of no" operating mantra.

    April 19, 2010 at 5:18 pm |
  172. Joe

    Jack,
    What is behind Republican opposition to reform is an inherent agenda to bring down the current administration. The Republicans do not care about the American people, they care only about lining their pockets. Corruption, sad, but true.
    Joe, Vestal, NY

    April 19, 2010 at 5:18 pm |
  173. Sarah Hillenbrand

    Greed, Jack. Greed and fear of taxes.

    April 19, 2010 at 5:18 pm |
  174. Chris

    Lobbyists, and lack of any real concern for the American people.

    April 19, 2010 at 5:18 pm |
  175. David Sisters OR

    This is easy Jack, one brain tied behind my back–they have been taking Wall Street money, now it's time for paybacks. Why else oppose something that so many people want, with people still bleeding from what Wall Street caused. Anyone who opposes this must not be planning to be in Congres after their next run anyway.

    April 19, 2010 at 5:18 pm |
  176. steve- virginia beach

    Why are you asking us, Jack? Wouldn't it make more sense for CNN to have the Republicans on your shows to answer the question for themselves?

    April 19, 2010 at 5:18 pm |
  177. Brian Blank

    I completely agree with Mr. Floyd Burgess who commented: "It's simple Jack. Wall Street owns the GOP." No doubt about it.

    April 19, 2010 at 5:18 pm |
  178. Robin

    The GOP Senators think supporting the bill will close their campaign bank accounts, and they could be right.

    April 19, 2010 at 5:18 pm |
  179. notoj

    Question "What's behind the Republicans' opposition to financial reform? "

    Answer: Big banks and corporations. The pupet masters of the Republican Party. Big banks didn't grow to big to fail by them selves.

    April 19, 2010 at 5:18 pm |
  180. neville christian

    My response to Republican Opposition>>>

    In One Word

    OBAMA

    Neville Christian, Santo Domingo, Dominican Republic

    April 19, 2010 at 5:18 pm |
  181. Reid

    Jack, do you believe that the government should control everything? The automakers, the banks, health care ... and now Wall Street?

    April 19, 2010 at 5:18 pm |
  182. niki simpson

    Jack, it has come to the point when I see a Republican talking on the news I think "What NOW?" What is this one whining about? The GOP says "no" and "I don't like this" more than my 4 year old. Does the GOP honestly think that even a Republican voter just wants them to say no to every proposal the President announces? This is irrational. The GOP is losing credibility and looking more and more like a gang of robots who can't think for themselves.

    April 19, 2010 at 5:19 pm |
  183. Vincent OBrien

    Its so simple. The Rebublican plan is to "Just Say No ". Obstruct any Democractic initiative to pass any meaningful legislation.

    April 19, 2010 at 5:19 pm |
  184. Rick Cairns Swarthmore, Pa

    Jack,
    The same thing that caused all republicans to oppose health care: Special interest money, AND the intense desire to see the President of The United States fail.
    It's not philosophy, it's partisan politics.

    April 19, 2010 at 5:19 pm |
  185. Michael from Ft. Worth, Texas

    Jack, just like the opposition to healthcare reform, the GOP is the party of greed and hates anything that regulates their corporate masters. We had the Savings & Loan scandal under Reagan, and now the Wall Street scandal under Bush. Every Republican against this should be recalled or voted out, and people who want citizens to be potected from these corporate thieves put in their place.

    April 19, 2010 at 5:19 pm |
  186. John

    The Republicans have said that they want Obama to fail and they will do anything and everything possible to see him fail. For them it's to hell with the country, the political agenda of the GOP is more important than the United States and its citizens.

    April 19, 2010 at 5:19 pm |
  187. Andy in Pinehurst

    It's not that the Republicans oppose financial reform, it's that they want to have some input into the Bill. Then they can take some of the credit for the bill and its passage with Democrats.

    April 19, 2010 at 5:19 pm |
  188. Pat Stamm

    Hi Jack: Big business must be regulated and now!!!!!Look what happened to wallstreet and the banks. gop are for big busniess and always have been. They are a party of the RICH!!!!!!!

    April 19, 2010 at 5:19 pm |
  189. Chad from Los Angeles

    GOP fears change, no matter what it is. Some probably still believe the world is flat and that slavery is okay. Financial reform will hit their campaign donors hard, so they will fight it no matter how much non-sense their argument is for the status-quo.

    April 19, 2010 at 5:19 pm |
  190. jim brennan

    Jack, I don't know. You don't know. And, the Republican's don't know.
    And, if any Republican knows ... please let us know.

    April 19, 2010 at 5:19 pm |
  191. Clint Wa.

    It's not about opposition to financial reform, it's about opposition to Preesident Obama, and anything he does or wants to do.

    April 19, 2010 at 5:20 pm |
  192. Bill Carman

    Come on Jack, the Republican Party would oppose Obama unless he supported Christian prayer in public schools, manditory gun ownership and conceiled carry for anyone over ten. These people do not feel that a non-Republican is capable of running the Executive Branch or the GOP caffeteria for that matter.

    April 19, 2010 at 5:20 pm |
  193. Chaney, La.

    The repubs dont want anything relating to Obama to succeed, even if it means that our country goes down the tubes.....its all about winning.....

    April 19, 2010 at 5:20 pm |
  194. Bruce Tiven

    Jack,

    Just that it is proposed by the Democrats and supported by Obama is cause enough for the Republicans to be against it. If Obama suggested that all Republicans pay no taxes and the Democrats pay extra taxes, it would be interesting to watch the Republicans come up with a way to criticise that as well.

    April 19, 2010 at 5:20 pm |
  195. Ken in NC

    How do you spell “NO”? You spell it G-R-E-E-D?

    April 19, 2010 at 5:20 pm |
  196. Tim from CA

    Jack, there are two things here, 1. Republicans dont know what they want. 2. they are angry that they are no longer in power.

    April 19, 2010 at 5:20 pm |
  197. Pat Crowley

    The GOP will do everything in its power to make Obama either fail or not succeed very much.... even if it ruins the average American. With the bailout monies (initially from Bush) going to pay obscene bonuses to those responsible for the near-collapse of our economy, the GOP must be counting on the memories of our electorate being very short. The GOP is in the hip pockets of banks, insurance companies, the health care insurance companies, Wall Street...and visa versa. They're all a bunch of greedy corporatists who have very few morals. And if we don't initiate meaningful financial reform now, with our economy in shambles, when will we ever? And what would keep the greedy corporatists from doing a repeat performance? People are very naive to think they won't screw us over again.

    April 19, 2010 at 5:20 pm |
  198. Chris in Philadelphia

    Republicans are in bed with big insurance and big business, so after the first failure (healthcare), the gravy train of funding has spoken.... blow this one too and you are not seeing any money any time soon and good luck with those reelections. So they are in lock step now, and unlikely to break. The party of NO is back.

    April 19, 2010 at 5:20 pm |
  199. DRC

    Only when this country realizes BOTH parties are corrupt and only when there is a 3rd party that actually is for the people will things change in this country. Dems, Reps...really? They are both awful and out for ONE thing, to be re-elected catering towards whatever they perceive their base to be. The Dems cater towars the poor and those in the 47% that don't pay income taxes while the rich cater towards those with more money and pay excessive taxes.

    I've voted for both parties in my life and they are both AWFUL...but they have done one thing quite well, they have created a 49/51 split in this country on us arguing over their supposed party being for them. Laughable.

    April 19, 2010 at 5:20 pm |
  200. Alan Rubin

    It's easy even for a dog to figure out. The GOP is in bed with these banks and the corporate leaders of these banks. They do not want financial regulation because it means the GOP will loose tons of money on their personal investments in these banks. Everything the GOP invests in ia an unregulated industry. Why doesn't anyone think the Bush administration was so eager to give these banks TARP money. I certainly haven't benefitted from the bailout.

    April 19, 2010 at 5:20 pm |
  201. Beverly H Tatum

    Because Republicans only know how to say NO and work against the recovery of our nation. They have no solutions for anything so they remain stuck on being against everything good for America.

    Beverly
    Charlotte NC

    April 19, 2010 at 5:20 pm |
  202. Reed

    What's behind the Republicans' opposition to financial reform?

    They're scum, and no, I'm not kidding...

    April 19, 2010 at 5:20 pm |
  203. Steve, Clifton, VA

    Politics!! Could the Republicans just once stop talking about whats wrong with someone else's ideas, thoughts, and initiatives and put something on the table that they have crafted and put some intellect and thought into?? They are Congressman...they are supposed to write laws and legislate not just criticize, complain and condemn. Create something! Develop something! Propose something other than talk!! Enough already....

    Steve

    April 19, 2010 at 5:20 pm |
  204. JV

    I listened to you say the bank bailout monies for 2008 had disappeared, you ignore the fact that the majority of the money was paid back with interest. But under the current administration those monies were not used to offset the deficit as promised but rather it was treated by the Democrats like free or found money.

    April 19, 2010 at 5:20 pm |
  205. Bob Louisville

    Possibly Wall Street ?

    The Republicans are taking Willie Suttons advice. When asked why he robbed banks. He replied "because that is where the money is".

    April 19, 2010 at 5:20 pm |
  206. Pat Stamm

    Hi Jack: Big business must be regulated and now!!!!!Look what happened to wall street and the banks. gop are for big busniess and always have been. They are a party of the RICH!!!!!!!

    April 19, 2010 at 5:21 pm |
  207. david

    Jack, as a former Republican voter, I can only say that the leadership scum of the republican party is only interested in a failed Obama Presidency, they forget that the most important thing to understand is that failure of the Presidency is also a failure for the US.
    When will these whores in Congress realize that they work for us the US citizen and not for lobby groups, whether it is the insurance lobby or the Israeli Lobby.

    April 19, 2010 at 5:21 pm |
  208. Mike from L.A.

    Hi Jack this will be a telling vote for republicans. It was easier for Republicans to vote against health care saying that it would bankrupt the federal government and lead to new taxes, but even if Karl Rove Newt Gingrich and Mitch Michonel did a vulcan mind meld they still couldn't come up with an explanation to the American people that would make sense for voting against reform. In the end some republicans voting for this bill may be just the thing that is needed for the Republicans to stop being the party of no. In the end republicans have been they're own worst enemy and Obama's bill may be doing the Republicans a big favor with this bipartisan bill.

    April 19, 2010 at 5:21 pm |
  209. Nandan Dharwadker

    Makes sense right, that Wall Street would "pay" the party in opposition, instead of the party in power.

    Apparently, not very smart, those Wall street guys.

    April 19, 2010 at 5:21 pm |
  210. Steve Canada

    If your country wants a predominant GOP bill, vote them in...its simple, they don't want to play..Cornyn and McConnell were soliciting Wall Street $$$$ last week, and all of the sudden all 41 are against the reform bill. They were just waiting for Wall Street to tell them what to be against..

    April 19, 2010 at 5:21 pm |
  211. Rosemary

    It's simple-the rich get richer and the poor get poorer. It's the finances of the poor, middle class that will be affected the most. And we all know that Republicans are out of touch with main street americans.

    Oh, and yes there is that race issue that keeps getting swept under the carpet–it's on President Obama's agenda....what does he know??? He can't be smarter than the average white Republican politician-go figure!!!

    April 19, 2010 at 5:21 pm |
  212. Barbara Lou Townsend

    In my opinion the only real thing behind the Reoyblican's opposition to financial reform is POLITICS.
    These Republican leaders would rather throw sticks and stones at our President and athe Democratic Congressional leaders than actually cooperate on a major issue such as financial reform. Of course this is not true of all Republicans but the main direction of the party is to make political hay before the upcoming elections – a stepping stone to taking the Presidential Election in 2012.
    I feel this is dishonorable. Sure there is politics but the business of this country needs to be moved forward.
    Sincerely,
    Barbara Townsend
    Clearwater, FL

    April 19, 2010 at 5:21 pm |
  213. John D

    Hey Jack,
    If you would read the dems bill on financial reform it gives the Treasurty Secretary too much power. He can take over a company, fire all,, shaft the shareholders, and make it part of Obama Inc. In addition, you forget that Tarp could not have been passed without the dems who have controlled the purse strings since 2007 when all hell broke loose with the economy. So stop your pandering to this administration as you continue to blame Bush,and tell the truth for a change.

    April 19, 2010 at 5:21 pm |
  214. Jon Gill,philadelphia

    Simple, a success in this makes Obama and the democrats look good.
    The Republicans would rather see our country go down the toilet then to particiapate in anything that would make democrats look good.
    ANd yes they will galdly do it even at the expense of the American public. Their only goal is a partisan win for them, they care care not for us at all.

    April 19, 2010 at 5:21 pm |
  215. robert persinger

    hi jack I think the present GOP opposition to financial reform is based on the idea that any Democratic success, whether it be for the good of the country or not, is bad for the GOP's chances of success in the next election. This seems to be a risky calculation since opposition to this bill may have negative consequences in the long term. Thanks for letting me share.

    April 19, 2010 at 5:21 pm |
  216. jim Blevins

    The Republicans have decided that they don't like Obama and that they will be the party of NO. This just may be what the Democrats need to return the voting public back in their direction.

    Jim, Craig, CO

    April 19, 2010 at 5:21 pm |
  217. Rick

    TARP was started by a corporate socialist. It violated everything a constitutionalist conservative capitalist would hold dear.

    It sux when leaders betray their "ideals".

    April 19, 2010 at 5:21 pm |
  218. Nick CT

    Major reason is that republicans are well connected with wall street. Mitch McConnel started the objections after meeting with 18 wall street crocodiles. Also he is lying when he says that there is possiblilty for tax ayers bailout, where as in reality, the banks will bailout themselves. We really need to regulate this dangerous instrument "Derivatives".

    April 19, 2010 at 5:21 pm |
  219. JD

    Jack, don't lie to us. "Hundreds of billions" didn't disappear, it got repaid. And while Bush and Paulson pushed TARP hard, it passed with unanimous Democratic support. All opposition was Republicans. TARP is a strong example of why many conservatives disliked Bush, and it's not fair to call conservatives hypocrites because of what Bush did. Keep pushing the lies.

    April 19, 2010 at 5:21 pm |
  220. Randy

    The same thing that's behind the watered down financial reform and the watered down healthcare reform? MONEY!

    April 19, 2010 at 5:22 pm |
  221. Ralph Spyer

    Republicans have stop passing the buck- now it stay with them. They aii come to do good and stay to do well. Republicans are showing signs of madness;the only time all is well is when they are all well off.

    April 19, 2010 at 5:22 pm |
  222. ART BEND

    It's called ruining America for the sake of ego. The Repulican Party is akin to Communism/terrorism. It's ruin America at what ever cost, as long as the black guy, Obama, loses.

    April 19, 2010 at 5:22 pm |
  223. Papa_K

    I feel that Republicans want to show party unity. The problem is that this isn't about what's best for the Republican party it's what's best for Americans.

    April 19, 2010 at 5:22 pm |
  224. Helen

    McConnell and the Senator from Texax meeting behind closed doors with 2 dozen Big Wall Street Bankers. Now why on earth would these Republicans want to support reform. These Bankers are giving them huge campaign donations to STOP THIS REFORM. Are Republicans actually approving of this behavior. I say vote every Republican that is against this Reform out. This mess happened while the Republicans were in office with President Bush. Why didn't they fix it then? This Reform Bill will not cost the taxpayers anything, but certainly will protect us in the future.

    April 19, 2010 at 5:22 pm |
  225. Liberal4Obama

    It's seems clear to me.

    GOP = Goldman Owned Party

    April 19, 2010 at 5:22 pm |
  226. Scott Smith

    Thank you! You said it perfectly! I am sick and tired of the Republican's crying wolf all the time when they already tried to fix things and failed. Maybe if the Republican's would admit that they made a mistake giving all that bail out money away and watching it go nowhere, people would take them more seriously when they act like they did nothing wrong when they go in the opposite direction.

    April 19, 2010 at 5:22 pm |
  227. chagg

    Hey isn't what the party of No is? Republican just keep defining themself!

    April 19, 2010 at 5:22 pm |
  228. SCOTO

    They wont upset the small percentage of Fat Cats/rich Americans that they truly represent

    April 19, 2010 at 5:22 pm |
  229. Marcus

    I think its pure racism and theyre too afraid to admit it. When George Bush was in office you never had the tea party, that bitch Palin or republicans being doucebags. Now that a african american is running the us, everybodu wants to throw a fit , why dont they let the man do his job, Sarah palin is a slut and a bitch and needs to shut up, and the republicans need to stop whining and work with the democrats on the economy, climate change, and health care

    April 19, 2010 at 5:22 pm |
  230. Cathy Neal

    The financial disaster we have endured the past couple of years came about due to a lack of regulation. Republicans view regulations as obstacles to a free market but in actuality it is a deterent to the manipulation of the market by their rich buddies and cohorts at the expense of the average American who gets to lose his life savings and otherwise foot the bill for their greed. And then there is that just say "no" to anything Obama proposes.

    April 19, 2010 at 5:22 pm |
  231. Phil

    It seems that the GOP says no to whatever is proposed by the Administration. Financial reform is just the most recent case in point. Negotiation is how things get done in Washington. Just saying "no", I believe, will eventually lead to a backlash from the voters who want to see legislation to help insure we do not go through another financial catastrophe like Obama inherited.

    April 19, 2010 at 5:23 pm |
  232. Nathan (Lawrence, KS)

    The GOP can't come up with their own suggestions to protect tax payer money so they have decided that they will just oppose every other idea. It also doesn't help that by opposing every idea about regulation that more and more campaign money flows into their PAC's from Wall Street.

    April 19, 2010 at 5:23 pm |
  233. bill

    Jack, it is the same old story. Reject anything the administration proposes. Besides wall street owns the Republican party. I am a Republican and ashamed of my party. We are poor losers.

    April 19, 2010 at 5:23 pm |
  234. AL

    The GOP publicly made it known a while back that they wanted Obama to fail. They will oppose him on anything even if Obama's policies are just like theirs just to make good on their goal. Damned if you do, damned if you don't.

    April 19, 2010 at 5:23 pm |
  235. ro of la

    The Republicans are against anything that is put forth by Democrats because they think that this is a great political move. Just say no. If the bill is successful they are at all the celebrations taking credit for it in one way or another. If it were to fail they can then say I told you so. It is a win win situation for them. But I feel that Americans are on to them and are sick of there holding the country back because of their political aspirations.

    April 19, 2010 at 5:23 pm |
  236. Michael Shaughnessy

    Its all the desire for Political gain. The GOP would be against prayer in schools, and gun ownership if Obama supported it.

    April 19, 2010 at 5:23 pm |
  237. David

    Bitterness, hate, no clue, wanting to appear to be doing SOMETHING, but clearly have no ideas of their own.

    April 19, 2010 at 5:23 pm |
  238. Joel

    It's not the GOP, it's not the Democrats...quit trying to blame one over the other. They're all idiots! We're not a bunch of stupid people out here that you "experts" have to educate. This government is out of control. Those in charge will pay in November with the elections. Just stop your so-called "analysis" of what "Americans" are thinking. That's a bunch of crap. You don't know what you're talking about. You're too much in the loop, too!

    April 19, 2010 at 5:23 pm |
  239. Kate Lerner

    Well Jack, its the squealing pigs who count on fat cats for all American, umm, America's pie.
    Kate in Santa Monica

    April 19, 2010 at 5:23 pm |
  240. Dave

    The mid-term election is driving the Republicans' resistance to anything Congress is trying to do. The Financial Reform bill will be diluted just like Heath Care Reform because anything that President Obama initiates has a big target on it for Republican annihilation. They generate so many misrepresentations and distortions that they create chaos in a rational arena (legislating). Big Banking is holding its breath while our economy teeters on the brink of a relapse into recession. And all the Republican opposition can do is whine.

    April 19, 2010 at 5:23 pm |
  241. Claudia, Houston, Tx

    I don't know and care to know what their opposition is to financial reform because they don't have a good answer to anything. I have learned to turn a deaf ear to them just like they proclaim Democrats aren't listening to the people.

    April 19, 2010 at 5:23 pm |
  242. Rex

    The only thing that is behind their opposition is Obama. If the President wants it, they don't. That's it.

    April 19, 2010 at 5:23 pm |
  243. Theodore R. Wade Jr

    What's behind all of the opposition to all of the Obama administrations actions is nothing more than irate "It's my ball and I will take it home" Republican mentality after being soundly defeated by a "Black man". They cannot comprehend that they were soundly defeated because the nation has just experienced a decade of the most incompetent government and the most dishonest government in the history of the United States. So bad, in fact, that"even "the Black man" as they call him was able defeat them.

    April 19, 2010 at 5:24 pm |
  244. Joseph Feng

    The Republicans were given the opportunity to attack the Democrats for thie ties to Goldman-Sachs. Instead, they chose to protect their Wall Street donors from common-sense regulations. Obviously, money talks and the "Just say NO!" Republicans chose the interests of their fat cat contribtors over those of the average citizens.

    April 19, 2010 at 5:24 pm |
  245. Hamzah

    What's behind GOP opposition to financial reform, Jack? Political gain, for sure. Oppose, obstruct, win. Also, denial of reality and lack of shame. The Republicans, most of all, the Republican Party leaders in Congress, have willingly and strategically overlook their overwhelming contribution to this Bush-created recession we're in. And, as the Republican leader indicated on Sunday, his state's bankers and financial people, including people and companies of Wall Street, so I suppose support of Wall Street has led to their political alignment as well.

    April 19, 2010 at 5:24 pm |
  246. Jim, Los Alamos, NM

    The Republicans are hoping that the Democrat measures fail so that by saying no to everything they will get credit for being right. It's a strategy designed to benefit the Republicans and not the American public.

    April 19, 2010 at 5:24 pm |
  247. JT

    Jack, can we take the left right blindfold off?! It's broadway in Washington. Bush passed the tarp (essentially in his lame duck session) then Obama lead in to his overhaul of federal take over. Left or right they work for the same elite few. It'll pass.

    April 19, 2010 at 5:24 pm |
  248. Chris / Sarasota, Florida

    It's simple Jack, the GOP's opposition to the bill is simple, President Obama's plans for further regulating businesses is not a truly American belief, however I would argue differently. Read Thomas Paine's words:

    [Society] encourages intercourse, [Government] creates distinctions. The first is a patron, the last a punisher.

    When big businesses have almost complete control in an industry and as a result the patrons suffer, something should be done.

    April 19, 2010 at 5:24 pm |
  249. Billy Bob

    Republican leaders don't care about anything or anybody except money and financial reform hits them where it hurts. They worship money and greedy Wall Street con artists. The Republican voters are just stupid to follow them like pigs to slaughter. The Republican party spouts family value nonsense while they are sitting in the strip club on your dime and you still vote for the morons and wonder why they never really deliver any concrete results.

    Republicans think the republican leaders actually care about abortion, so they vote for them. They controlled the White House, congress and senate for almost 8 years. They never once tried to do anything about abortion because if they actually stop it, then they can't manipulate the mindless Republican voters.

    April 19, 2010 at 5:24 pm |
  250. Joanne

    One major item is that the Treasury Secretary has the right to take over companies "easily"....read it ! We are not a communist country Jack. We need to get rid of the present ADM and most of Congress.
    The $50B will be paid by the Banks they say – that is not true as the taxpayer will end up paying the bill.
    Joanne
    MN

    April 19, 2010 at 5:24 pm |
  251. Jeff In Minnesota

    I'd like to think it's because of their concerns about some of the provisions in the proposal. Unfortunately, I think they want payback for all of the things the Democrats did to block things when the Republicans were in power. They all need to grow up. Our senators and representatives are in Washington to do the peoples' business, not their business. So get on with it.

    April 19, 2010 at 5:24 pm |
  252. James

    It's another political calculation on the part of the GOP-hoping this will rally their fringe and better position themselves in the mid-term election.

    "Service Before Self" is one of the U.S Air Force's core values-wouldn't it be nice if our elected officals in Washington would adopt something similar-like "Country Before Party" or even "Country Before Self"?

    April 19, 2010 at 5:24 pm |
  253. DonnieH. Bay St. Louis Ms

    I'll tell you whats been behind all the Gop opposition. The Gop can not run come election on their great accomplishments so their only hope is the failures of the Dems and Obama. Any meaningful legislation that actually helps the country is a feather in the cap of the Dems and a nail in the coffin for the Gop. The Dems failures are their only hope. Party before country?...

    April 19, 2010 at 5:25 pm |
  254. John-Tampa, FL

    Hi Jack. This lacks the emotional scope of healthcare, so it is even more astounding Republicans as a united front would flat out reject it. Surely some parts of it make sense even to them, and this is like a rear-guard suicide run to slow Obama-on-a-roll. He dropped Chris Dodd's piece and pundits immediately called that setting the bait; it sure looks now like he knew his quarry.

    April 19, 2010 at 5:25 pm |
  255. richard weinstein

    keeping the democrats from accomplishing anything under their watch creates the political opportunities for the GOP to campaign on "change". the GOP's deliberate immobility makes it seem like the democratic-majority congress is ineffective and needs to be overhauled, thus the GOP rides in during the mid-term election.
    the machination of the GOP has only one thing in mind: no democrats in power anywhere, period– even at the expense of the nation's benefit.

    unfortunately, the GOP seems to be winning in their strategy.
    they're like whiny children refusing to eat dinner with the rest of the family, until the entire menu is changed to what they like.

    April 19, 2010 at 5:25 pm |
  256. Virginia Healy

    The Republicans will do anything to bring down Obama. The good of the country does not matter. It's all about 2012.
    Virginia. Eloy AZ

    April 19, 2010 at 5:25 pm |
  257. Barrington St. Louis, MO

    The GOP will not vote 'yea' for ANY bill that would benefit THE AMERICAN PEOPLE unless it is sponsored by a GOP member. Forget the part about 'for the people, by the people'. It is disgusting that our political rank and file are playing like 2 year old children in a sandbox. I am tired of party politics (on both sides). I did not vote for members of Congress to vote straight down the party line. I want someone to vote for me, my family and my neighbor. For the GOOD of the country (not just the GOP part.)

    April 19, 2010 at 5:25 pm |
  258. Brad

    Well...when they say it ain't the money, it is the money.
    The Rebumblekins are just trying to keep those fat brown envelopes coming to their mail boxes every week. Pants on the ground..huh.

    April 19, 2010 at 5:25 pm |
  259. Abner in Michigan

    Well Jack,
    Using an inner city term and classifying it in the most basic term.... haters.... they oppose anything that they do not bring to the table and anyone who is in a better position or more accomplished than themselves.

    Obama being elected, the recovery act, health care and now financial reform. They call it socialism, communism, there going to take our guns away...blah, blah, blah... the rights stand on everything is funny and they won't stand a chance in 2012 if they keep it up.(which doesn't bother me)

    April 19, 2010 at 5:26 pm |
  260. Ton - Miami

    Politicians think about
    1) their donors
    2) their party affiliation (and agenda)
    3) their EGO's
    4) their aliances
    5) their public image
    6) their mistresses
    7) and then the people – no matter what party you belong to.. show me proof it ain't so...

    April 19, 2010 at 5:26 pm |
  261. J Stewart

    I think the Republicans will not support anything the Obama Administration proposes. If Obama said the sun was shining, the republicans would say hell no it isn't.

    April 19, 2010 at 5:26 pm |
  262. Mike, Chicago

    One word, Jack. Money.

    April 19, 2010 at 5:26 pm |
  263. Paul

    The GOP has painted itself in a corner leading up to the next election. They have demonized Obama and democrats so much how can they do anything bipartisan without being accused of working with 'the enemy"? The strategy that the GOP congressional "leadership" cooked up for the healthcare bill is preventing them from being able to meaningfully contribute to legislation. Must be frustrating for the GOP representatives to be sidelined into becoming a noxious cheerleading squad.

    Santa Monica, CA

    April 19, 2010 at 5:27 pm |
  264. Kenny Butler

    The GOP opposition to reform simple. OBAMA! If he likes it they hate it. It does not matter what is in the best interest of our country at this point, since the common sentiment on the right is to take their country back. Whatever President Obama stands for the GOP is obligated to stand against it.

    April 19, 2010 at 5:27 pm |
  265. IndyVoter

    Simple Jack: They are angry because they lost the majority in Congress and the Presidency which to them represents raw power...They lust after power and they want it back. They will do whatever it takes, no matter the consequences to their integrity, their reputations or to the American people, in order to get it.

    April 19, 2010 at 5:27 pm |
  266. Nicholas Burgess

    Let me guess...Enough money to taxpayers out?

    April 19, 2010 at 5:27 pm |
  267. tony miraglia

    Jack, the answer is quite simple yet many in this country have not figured it out yet. Their opposition is pure and simple, any reform that ties the hands of, or forces Wall Street and Investment Bankers the play fair, will hurt the bottom line for their friends and supporters who make up the the top 5% of the people in this country and who, by the way control 90% of the wealth. Better to let the rest of us pay then take money from these poor souls. It is a sad day when anyone would stand in the way of reforms to a system that, after bringing the country and world to its knees, is still doing business as usual setting us up for yet another fall.

    April 19, 2010 at 5:27 pm |
  268. Adam

    I wouldn't say that the GOP is the party of "NO ideas". They are the party of "NO don't change our status quo, things have been pretty good to us rich 1% the last 10 years and we don't want that to change." I know that each party is full of silver spooned millionaires, but lately the Dems seem to be the only ones trying to look out for the other guys.

    April 19, 2010 at 5:27 pm |
  269. kathy from Phoenix

    There is nothing behind the republicans opposition to financial reform. As usual they don't care about the American people, only how much money they get steal from all of us! It has been about them all along and always will be! We had enough of their greed for the last 8 years. Wake up people! Stop listening to their lies!

    April 19, 2010 at 5:28 pm |
  270. Bryan

    RNC has about 9 million dollars to work with this fall. They desperately need support from Corporate America to even have a flickering birthday candle's chance at winning seats in November (which unfortunately, they are sure to get.) What is mind-boggling is that they are using a platform that advertises their flop priority to kill health care reform and they are gaining momentum because of it. They can only cover their failure to their constituents with the "Bring Down Obama" facade for so much longer. Call it wishful thinking but I think it only takes two or more significant blows to the GOP before they are officially obsolete. FinReg will surely be one.

    Red flag if the republicans manage to sour the public on this like they did on health care.

    April 19, 2010 at 5:28 pm |
  271. Mike Dawson

    The GOP have convinced themselves, based on low 50s disapproval of healthcare, that the 'American People' are against the Obama administration. This therefore gives them a mandate to block anything that gets put on the table by democrats, claiming to be upholding the will of the majority. This will backfire in 2012 when we see that Obama, on the campaign trail, is one of the most popular politicians in the country.

    April 19, 2010 at 5:28 pm |
  272. Kathy in AZ

    Republicans appear to be fearful of acting on anything that would show that they agree in any way with the Democrats and Pres. Obama. They fear for their job. They cannot do the job they were elected to do for fear that they will lose in the next election. It is a crime for any elected politician to disregard the good of the people in order to protect their job.

    April 19, 2010 at 5:28 pm |
  273. JDQ

    It isn't just financial reform, it's everything the President wants to do...the GOP has determined that if they can't make the rules, they don't want to play the game and they want to take the ball home. No matter what, they say no in hopes the people are stupid enough not to notice what they're doing.

    April 19, 2010 at 5:28 pm |
  274. Rev. Dan Zehnal

    It is the same ole' story; a Republican conspiracy against the president. Obama and his party included well over 200 Republican amendments to 'Health Care Reform' and not one Republican cast a vote in its favor. The same happen here; allow them to mess the bill up with their amendments and they will as they have conspired to do, vote in block against it. They are showing their true colorsl the part of NO on EVERYTHING proposed by this president.

    And they want to be in charge! God help the USA!!!.

    April 19, 2010 at 5:28 pm |
  275. Docb

    Jack,

    Dodd and Corker have been working for a year, mcconnell used the Luntz memo to lie about bailouts..This is foolish for republicans to go against the American poeple –again!

    Wall Street and republican deregulation has helped my portolio quite enough..Thank you very much..I can not afford any more of that kind of help..can you? Only the instutuional traders are doing well ..the rest of us have another 30% to recover from the 2008 meltdown they caused!

    People talk of the money paid back by IBanks but ignore the fact that the American people are still sufferring from the greed allowed by the republican Congress over the past 14 of 16 years of deregulation -in jobs, economic stress and downward pressure of the lack of loans! Not to mention the mortgage crashng with commericail realestate next and the Muni market being raped by the same investment banks...That is comming just watch!

    Repubs are just intractible teenagers–lying thru their teeth to get their way...Regardless of who suffers..Short sighted but still childish!

    April 19, 2010 at 5:28 pm |
  276. Joe in Burlington

    The Republicans should change their name to the RepublicNOans... Why agree with anything that makes them look like they were fools during the past 8 yrs under Bushism. The financial reforms and many other things Obama is proposing are common sense.
    As a Canadian watching this interesting political debate (while munching popcorn) I am not sure if I should cry or laugh at the stupidiity of the republicans and all the extreme nonsense they promote.
    Good luck America you are going to need it with those clowns in opposition.
    J

    April 19, 2010 at 5:29 pm |
  277. Nol Day

    Jack, Jack, Jack,
    you mean the Republicans who caused this financial meltdown in America (remember Bush deregulted Wall st, he took away regulations that had been in place since the Great Depression) don't want fiscal reform? How dumb are these Tea baggers and anyone else who is duped into voting for the interest of the rich, which 95% of them are not! So the jig is up, now even the idiots should know, the Republicans are on the side of the rich! But i doubt there intelligent enough to change their behaviour and vote Democratic because underneath the fascade of rhetoric, the Republicans and the teabaggers are mostly white (according to a cnn poll 90%), mostly middle class, mostly over 65 (they seem to be OK w/ socilized programs as long as they are benefitting) so the real reason, is the are afraid of an america that is not only NOT ran by a White guy, but America will not be run by white people for much longer, and you know what Jack, I'm so happy, goodbye whitey, I'll try not to cry as you dissapear!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

    April 19, 2010 at 5:29 pm |
  278. rlaph stern

    the republicans decided t o reject everything propsoed by president Barak Obama because he is not a white man -period

    April 19, 2010 at 5:29 pm |
  279. Lou in Georgia

    The GOP has not had young blood except for the last few years. When they get new blood, they are pushed out of sight out of mind.

    All Congress is hooked on Lobby money, big business etc. Cicago Politcs as some have said is "Different", I grew up in "Daley" world. They did a good job, not like "Obama" world.

    The GOP has no direction, no purpose and no leadership. Those that aspire are frowned on as seen in the news. Much like an Ostrich in the sand comics.

    April 19, 2010 at 5:30 pm |
  280. Sara

    The Republicans are for DE-REGULATION – even if that deregulation results in ordinary Americans losing everything they have worked all their lives for. DE-REGULATE that is what you hear, over, and over, from the Republicans clowns.

    April 19, 2010 at 5:30 pm |
  281. R Mahad

    Opposition for the sake of it. They intend to bring this Govt Down. It does not matter what is proposed, they will oppose it.

    April 19, 2010 at 5:30 pm |
  282. Saxo Grammaticus

    The GOP game plan seems to be "If Obama wants it, we're against it." This becomes troublesome when Obama wants something the GOP wants, too. What to do? What to do? So far, the GOP seems inclined to continue its yearlong tantrum.

    April 19, 2010 at 5:30 pm |
  283. Joe CE

    The GOP strategy is to oppose everything. Thuis has worked pretty well until now the ground is melting beneath their feet. The other causes are stupidity and lobbyists. For those like SSenator McConnell, we need to define bail-out. We reaql people define it as taxpayer more to make up losses due to corporate stupidity. The propused Bill includes a fund, paid in by large bokerage firms, to temporialy stablize the financial sysemt in case of another subprime/derivites fiasco. This is not a bail-out.

    April 19, 2010 at 5:30 pm |
  284. David P Vernon

    Tucson, AZ – Republican opposition to the financial reform bill being debated has nothing to do with its merits. Every bill has some stupid provisions and some provisions that can be deliberately misconstrued. We need a law that empowers some Federal authority to take a bankrupt investment house apart slowly so that its sudden collapse does not crash the whole economy. However, the Republican leadership does not want to go into the fall elections with any Democratic victories in Congress. They failed to block health care reform, so they are again, with specious reasoning and inflated rhetoric, trying to stop this instead. Partisanship., pure and simple, the public interest be damned.

    April 19, 2010 at 5:30 pm |
  285. Kevin / NE

    What's up with the GOP..? B.O. (Barack Obama)

    April 19, 2010 at 5:30 pm |
  286. joanna

    i didn't read all of the posts, so i apologize if i'm repeating someone else's same thoughts... Aside from the fact that Republicans have historically catered to big business and Wall Street, they are standing united against anything supported by OBAMA, hoping to attract 2010 and 2012 votes of racists who hate all things OBAMA. Moreover, the Republican leadership goes so far as to lie constantly about the facets of the Democratic bills so that they can draw in non-racists who may be sitting on the fence about Obama's slate of efforts. What a sorry state of affairs the Republicans have created for themselves!

    April 19, 2010 at 5:31 pm |
  287. jeff jackson, alabama

    Jack, parts of this reform bill actually dictates
    to businesses caps to put on employees.
    Don't think it's just caps for the rich.
    One part of the bill would take in house
    financing away from car dealerships and
    eliminate jobs. Car dealerships beat local
    bank rates on a regular basis. This is just one
    business Obama wants to over-regulate.
    Alot of the bill is good. Alot is bad. But that is
    just one area of the bill most people know
    nothing about.

    April 19, 2010 at 5:31 pm |
  288. Ray from California

    First of all, the term "opposition" is the wrong term to use, it's just another word that the Democrats are using to paint the other side as being against financial reform. That is not the case. What the Republicans want is more "bipartisan" involvement and a chance to address their concerns. The fact is that both Parties want financial reform but needs political posturing to satisfy their core constituents. It's business as usual in Washington. It would be ludicrous to ask for anything more.

    April 19, 2010 at 5:31 pm |
  289. c spurgeon

    Everything they do is for political gain and they led by McCain are just possibly the worst bad losers ever seen.Hey Folks Pres Obama won the election....what the beef...could it be racial??Oh no not us...

    April 19, 2010 at 5:31 pm |
  290. Lindsay

    I would suggest you look at the donations made by wall street to political parties before you lable the GOP as the party of big business. The campaign donations strongly favor the Dems. Education. Why would be need a $50B fund for institutions to fail when the bill is designed to prevent institutions to fail?

    And another thing.. who cares who started the big bail outs. It was wrong then and it's wrong now. Unfortunately now, we have grown the debt by $1.4T.

    Painful!

    April 19, 2010 at 5:31 pm |
  291. Diane Dagenais Turbide

    What's behind! Their own behind! They just want Time to do nothing and say the others did nothing!

    April 19, 2010 at 5:32 pm |
  292. Marcel Okwara from USA

    Jack, you seem to have forgotten what GOP stands for- Got 0 Plan.

    April 19, 2010 at 5:32 pm |
  293. J in Florida

    It all goes back to a 1993 memo to Republicans, authored by William Kristol. The memo advises the GOP against bipartisan cooperation, as it would be a political victory for Democrats and a defeat for Republicans. By refusing to cooperate, Republicans can render the Federal Government useless and when the government is ineffective, that can't be good for the party in power. Democrats for abandon all hopes of bipartisanship if they wish to accomplish anything.

    April 19, 2010 at 5:32 pm |
  294. Tony Skvarek

    It;s a case of "we can't stand to have the Deemocrats succeed." It's a hope that Pres Obama fails and not what's good for Amerca.

    April 19, 2010 at 5:32 pm |
  295. Lydia from Washingtonville, NY

    I can't believe they don't know what they are doing nor accept the fact their memory bank is not able to function back to the 80' or the 90's.

    We've had the S&L fiasco in the 80's and less than 15 yrs later, the Enron/Worldcom travesty and now, again less than 15 yrs later, the derivatives mess.

    We have financial firms reaping gargantuan profits while promoting deceptive products.

    The GOP attempts to cloak themselves as the party of values and while there are many Democrats that fall short of any values, somehow the GOP appears unwilling and unable to lead with dignity, integrity or honesty.

    Frankly, I'm tired of the bickering and fighting back and forth between the major parties. Perhaps if they had term limits; prohibited from going to work for lobbyists; pay into their health care program; limit the pension they receive from being a civil servant; and if convicted of a felony, forfeit their retirement and health benefits, perhaps they would behave differently

    April 19, 2010 at 5:32 pm |
  296. Pat

    Well let's see. Congress wants the Federal Reserve system to regulate all financial transactions to "protect" consumers. This is the same Fed that can be credited with causing the housing bubble, the financial crisis, bailouts and soon enough rapid inflation! Why should we empower the very institution that caused the financial crisis to fix it? It is just crazy. I am with the Republicans on this one.

    April 19, 2010 at 5:33 pm |
  297. Stewart in OR

    Money and Power. Period. THe GOP talks out of both sides of there mouth. They don't want banking controls, but they blamed the bankers during the crisis. A party of colorblind chameleons...

    April 19, 2010 at 5:33 pm |
  298. Ryan Childress

    It represents an inability to put the people before politics.

    April 19, 2010 at 5:33 pm |
  299. Ed from MD

    To create debate for both sides, working in conjunction to thoroughly confuse the American people. Once nobody really understands what the bill is going to do it is safe to pass, while Americans jabber back and forth their misconceptions.

    April 19, 2010 at 5:33 pm |
  300. Mark

    The GOP are nothing but a bunch politically motivated hypocrites.

    April 19, 2010 at 5:33 pm |