Just received word over email from a source: the Senate will hold the second vote on the motion to proceed with the Wall Street reform bill today, at 4:30 p.m., eastern.
Not much of a reason to expect a different result. However, this will continue to draw badly needed public attention to the issue. It will also put pressure on those opposing reform, because blocking "Wall Street reform" or "bank reform" just sounds really bad in the news.
Also, just to reiterate what Adam says below, it is exciting to watch Senate Democrats get aggressive like this. They certainly seem to have come to the conclusion that they have nothing to fear, and everything to gain, by following a much more assertive path on Senate procedure:
- Used reconciliation to "fix" the health care bill, and to pass good student loan reform;
- Using Senate procedure to pave the way for 50-vote reconciliation on almost any non-regulatory measures in 2010;
- Using Senate procedure to force Republicans to take vote after vote on Wall Street reform;
- Starting the process of procedural reform in 2011.
As Republicans proved in 2009, there is nothing to lose from using whatever procedural means necessary to acheive your political and policy ends in the Senate. The public does not understand, and is not engagable in, debates over Senate procedure. Activists can be engaged in this fight, but thinking the general population can be is a good example of "the ubiquitous political junkie fantasy."
Democrats seem to have finally learned this. Count me as one progressive activist excited by the new, aggressive use of Senate procedure by Democrats.
Update--more aggression: In another positive sign of increasing aggressiveness, Carl Levin just said "shitty deal" on financial reform about a dozen times on the floor of the Senate. Hilarious, and an awesome sign Democrats are not just going to cave in order to make any deal at all.
Update 2--PCCC targeting Ben Nelson The PCCC is now running ads against Ben Nelson for joining with Republicans blocking Wall Street reform on behalf of Warren Buffet.
|