Axelrod, Farrell Hail Financial Reform Bill

Philip Bunnell - Talk Radio News Service

David Axelrod, Senior Advisor to the president, and Diana Farrell, Deputy Director of the NEC, told reporters in a Friday conference call that they are pleased to see the financial regulatory bill pass the Senate.

Farrell said that the reform bill was almost perfect and contained “90% of what the president wanted.” She also said that the Obama administration’s second major victory of the year will bring financial security to Americans nationwide and will help boost economic recovery.

Axelrod agreed and expressed his approval of the Wall Street bill, but he also admitted he was “surprised” with remarks from Republican members of Congress who have already begun the fight to repeal legislation.  Early Thursday afternoon, House Minority Leader John Boehner told reporters that he believed the bill to be “ill conceived” and suggested it be repealed.

“We’re not moving backwards, we’re moving forwards,” Axelrod said in response to Republican criticism.