For two days in a row, a bill for financial reform came up 3 votes short in the Senate. All 41 Republican Senators voted to prevent debate. In other words, they voted to filibuster. Polls show the American public overwhelmingly wants to see financial reform because they understand that it was the high-risk gambling on Wall Street that caused the worst economy since the Great Depression. Yet Republicans voted in unison to block it.
The answer is simple. Republicans say that they want financial reform, but they dont want it to interfere with the almighty free market. It took them 62 years to undo the Glass-Steagall Act and they dont want to see a similar bill. They dont want to limit their wealthy and powerful masters ability to make outrageous profits from consumers. They dont want to allow any form of consumer protection. And they certainly dont want the voting public to see them taking the side of Wall Street in an open debate.
By keeping the debate behind closed doors, Republicans can make deals with bank lobbyists that will keep the money flowing on Wall Street and, more importantly, keep the money flowing toward Republican candidates.
So, for now, were treated to a high stakes game of cat and mouse. Democrats will keep asking for debate on financial reform, and Republicans will keep voting to block it. How long before Main Street reminds Republicans who theyre supposed to be working for?