Republicans Halt Wall Street Reform

(AP Photo/Mary Altaffer)

As expected, last night Republicans banded together, blocking any consideration for a debate on Wall Street reform. Democrats needed 60 votes just to begin consideration for this bill.

No surprises here. After health care passage, the Republicans appear bent on foiling Obama at every turn. With evictions at an all time high, the damage of predatory lending by the banks continues to ripple through the country. Banks continue to enjoy free passes from Congress, massive cash handouts, and a convenient look in the other direction. Meanwhile, many homes across the country sit empty, owned by profiteers and opportunists. Families forced out due to skyrocketing loan interest rates and repossessed by banks.

Sen. Ben Nelson (D-NE), broke ranks with his fellow Democrats, voting no in an attempt to regain the support of his base, where many are upset over his support of health care reform. A noble gesture to express one’s free will, but on second glance, a quick tug of the leash by his fellow Nebraskans, who historically, have always adopted a more ‘every man for himself’ mentality.

Playing the ace up his sleeve was Senate Majority Leader Harry Reid, who seeing the hopelessness of the situation at the time, voted “no”, which will allow him to force another vote on the issue as early as today.

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