Thursday
Apr222010
White House Counting On Bipartisan Agreement Over Wall Street Reform
Thursday, April 22, 2010 at 2:05PM
Minutes after President Barack Obama gave a speech calling for swift passage of financial regulatory reform, a top White House economist told reporters he is extremely confident that Republicans will back the bill being considered in the Senate.
"There is every indication that we can [achieve a bipartisan bill]," said Council of Economic Advisers member Austan Goolsbee. "Fundamentally, I'm very optimistic that we're gonna have a clean bill that is supported in a bipartisan way by a lot of people."
Goolsbee said the message of the President's speech today was simple: Firms on Wall Street must help pass reform, not obstruct it.
"The lobbying expenses that have been incurred by opponents [of reform] who are trying to preserve the status quo that got us here is not acceptable."
"There is every indication that we can [achieve a bipartisan bill]," said Council of Economic Advisers member Austan Goolsbee. "Fundamentally, I'm very optimistic that we're gonna have a clean bill that is supported in a bipartisan way by a lot of people."
Goolsbee said the message of the President's speech today was simple: Firms on Wall Street must help pass reform, not obstruct it.
"The lobbying expenses that have been incurred by opponents [of reform] who are trying to preserve the status quo that got us here is not acceptable."
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