George Wenschhof Visit msnbc.com for breaking news, world news, and news about the economy
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"
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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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Wednesday, July 21, 2010
Daily Political Wire 7-21-2010
Friday, March 5, 2010
Daily Democratic Wire 3-5-2010
George Wenschhof
President Barack Obama will visit a small business in Arlington, Virginia this morning - he will discuss clean energy and job creation. The new jobless report has unemployment remaining at 9.7% which is better than expected after the horrific snowstorms across the country during the past month. Bloomberg.com has more here.
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Separate legislation may be solution to gain Stupak support for health care reform - Bart Stupak (D-Mich.) has opposed the current Senate version as he claims it provides for abortion payments and has threatened he has as many as 12 more democrats who will vote against the bill. House Majority Leader Steny Hoyer (D-Md.) believes passing another piece of legislation should satisfy Stupak. TheHill.com has more here.
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Representative William Delahunt (D-Mass.) becomes 17th House Democrat to announce retirement - he indicated he had informed the late Senator Ted Kennedy he wanted to retire prior to the last election but was talked out of it by Kennedy who said new president elect Obama was going to need him. Interestingly, his district was won by Scott Brown in the recent senate election. The Boston Globe has more here.
Chris Cillizza, in his Washington post Blog "The Fix" speculates on the Democrats who may run for his seat. You can read it here.
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Meanwhile, Representative Nathan Deal (R-Ga.) delays resignation from House - he will stay until the health care reform vote and cast his "no" vote. There are 3 vacancies in the House and with 432 members, Democrats will need 217 votes. The House Health Care Reform version passed last November with a 220-215 vote. The NY Times "The Caucus" Blog has more here.
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Representative Sander Levin (D-Mich.) takes helm of House Ways and Means Committee - yesterday, it was reported that Pete Stark (D-Calf.) the next in line in seniority to Charles Rangel (D-NY), had been named. Stark took himself out of the running after colleagues suggested he do so. Politico.com has more here.
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Senate deliberation continues on finance reform - you would think after a near collapse of the U.S. economy, a 700 billion bail out bill, government need to take ownership in auto maker companies and high unemployment that this bill would have received the most attention from Congress and quick passage.
But, that has not been the case as obstructionist Republicans in the senate have objected to the creation of a Consumer Finance Protection Agency. Chris Dodd (D-Conn.), chair of the senate banking committee and Bob Corker (R-Tenn.) have been working on a compromise which would place the consumer finance protection agency inside the Federal Reserve. A bizarre compromise as the federal reserve deals with monetary policy only.
In case you have not seen this yet, below is a hilarious video produced by Ron Howard with past and present SNL actors portraying past and present Presidents who support the creation of the Consumer Finance Protection Agency.
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