Daily Political Wire 7-21-2010

George Wenschhof

Today, President Obama will sign into law the Wall Street Reform and Consumer Protection Act - the passage was delayed by Republicans for over a year. The final vote was 60-39 and while the bill will make many necessary changes to the way banks operate, it did not go far enough in preventing the financial debacle the country is still recovering from. CNN.com has more here.

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Sherrod forced resignation should focus spotlight in irresponsible reporting - the story of Shirley Sherrod who was forced to resign after a segment of a video was played on a website entitled www.biggoverment.com which lead to muckraker and sensationalist style reporters to immediately use the race card and call for her resignation. Bloomberg.com has more here.

When the video is viewed in full, it shows Ms. Sherrod using a racist type of feeling as a teaching and learning moment for her audience. Now, Agriculture Secretary Tom Vilsak is reconsidering hiring her back.

Below, Ms. Sherrod on NBC "Today"

Visit msnbc.com for breaking news, world news, and news about the economy

Let's hope in the future administrative officials do not resort to knee jerk reactions, but instead press to learn the entire story before an action is taken. We could hope for the same from the media, but there are too many who like writing the worst about a person or situation, rather than reporting news.

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Republican candidate for Governor of Georgia face runoff election - As expected, Karen Handel, former Secretary of State, beat Nathan Deal, but feel short of the 50% needed to avoid a runoff election which will be held August 10. The NY Times has more here.

Former Governor Roy Barnes easily won the Democratic nomination for Governor and will face the winner of the Republican runoff in the general election on November 2.

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Elena Kagan receives 13-6 vote from Senate Judiciary committee - the Supreme Court Justice nominee will now be voted on by the full Senate. She is expected to win nomination. In an identical vote that was taken by the committee for Sonia Sotomayor, only Republican Lindsey Graham (R-S.C.) voted to support. Politico.com has more here.

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Democratic Senate Campaign Committee outraises Republican counterpart in last quarter - as of the end of June, Democrats had raised 7.15 million and Republicans 4.03 million. The important cash on hand was almost identical with Democrats at 21.5 million and Republicans at 19.7 million.

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