Thursday
May202010
Obama Senses Victory After Senate Passes Key Vote On Financial Reform
President Barack Obama thanked the Senate on Thursday for voting to end debate on a key financial regulatory reform bill. The 60-40 vote means that the bill can now proceed to the floor for a final vote.
Though two Democrats, Sens. Russ Feingold (Wisc.) and Maria Cantwell (Wash.), broke with their party and voted no to ending debate for a second straight day, three Republicans, Sens. Olympia Snowe and Susan Collins of Maine, and Sen. Scott Brown (Mass.) voted yes, giving 57 Democrats the minimum number of votes they needed to block a filibuster.
Addressing reporters in the White House Rose Garden following the vote, the President praised the Senate for moving the bill forward, but cautioned against celebrating prematurely.
“We’ve still got some work to do,” he said, reminding supporters that the Senate still must pass its bill before it moves to conference. “There’s no doubt that during that time, the financial industry and their lobbyists will keep on fighting.”
But so will the administration. Four weeks ago, Mr. Obama memorably went to Wall Street to make the case for reform. Since then, the President and his financial reform team have hit the road in an attempt to sell the public on the plan. And earlier this week, the President was successfully able to convince Senator Brown to break with Republicans and change his vote, from no to yes.
As a result, the White House feels confident that they’ve won Round One of the battle.
“Over the last year, the financial industry has repeatedly tried to end this reform with hordes of lobbyists and millions of dollars of ads,” said the President. “Today, I think it’s fair to say that these efforts have failed.”
Though two Democrats, Sens. Russ Feingold (Wisc.) and Maria Cantwell (Wash.), broke with their party and voted no to ending debate for a second straight day, three Republicans, Sens. Olympia Snowe and Susan Collins of Maine, and Sen. Scott Brown (Mass.) voted yes, giving 57 Democrats the minimum number of votes they needed to block a filibuster.
Addressing reporters in the White House Rose Garden following the vote, the President praised the Senate for moving the bill forward, but cautioned against celebrating prematurely.
“We’ve still got some work to do,” he said, reminding supporters that the Senate still must pass its bill before it moves to conference. “There’s no doubt that during that time, the financial industry and their lobbyists will keep on fighting.”
But so will the administration. Four weeks ago, Mr. Obama memorably went to Wall Street to make the case for reform. Since then, the President and his financial reform team have hit the road in an attempt to sell the public on the plan. And earlier this week, the President was successfully able to convince Senator Brown to break with Republicans and change his vote, from no to yes.
As a result, the White House feels confident that they’ve won Round One of the battle.
“Over the last year, the financial industry has repeatedly tried to end this reform with hordes of lobbyists and millions of dollars of ads,” said the President. “Today, I think it’s fair to say that these efforts have failed.”
Ex-Arlington National Cemetery Head Leaves Senate Panel Scratching Heads
Philip Bunnell - Talk Radio News Service
Senate Homeland Security member Sen. Claire McCaskill (D-MO) had harsh words for former Arlington National Cemetery Superintendent John Metzler on Thursday, asking him if family members will be sure that they are “standing at the real grave site of [their] loved one.”
Metzler ran the historic military burial ground for almost two decades. A recent investigation by the Army revealed that as many as 6,600 graves had been mismarked.
McCaskill, chair of a committee oversight panel, asked Metzler about the first date he felt something was wrong, and pressed former deputy superintendent Thurman Higginbothom about his reportedly strained relationship with Metzler. Higginbothom subsequently invoked his Fifth Amendment right not to make self-incriminating testimony.
Metzler said the situation “pained him personally,” and expressed his “deep regret” towards families that the mistakes may have affected. Metzler cautioned the committee not to rush to judgment on an issue of great “complexity and breadth.”
That didn’t go over too well with more than a few members. Sen. Jon Tester (D-MT) expressed his frustration and contempt for the mismanagement, telling Metzler that he was “interested to hear what the excuses are, because I can’t think of any in my head.”
Tester also mocked Metzler. “This isn’t putting a man on the moon,” said the Senator. “There’s nothing really mystifying about burying our loved ones.”
Sen. Scott Brown (R-Mass.) equated the scandal to crushing the soul of a child.
This is “like learning that there’s no Santa Claus or Easter Bunny,” he said. “There are so many questions, what have you, in fact, done?”