Senate Passes Wall Street Reform:
Another Incredible Accomplishment/First
for
President Barack Obama !
A broad financial reform bill, designed to remedy the mistakes that led to the economic meltdown of 2008, officially passed the Senate Thursday by a vote of 60-39.
A 60-38 vote earlier in the day on Thursday allowed the bill to clear the Senate's last procedural hurdle, though support was split sharply along partisan lines.
Only three Republicans -- Susan Collins and Olympia Snowe of Maine and Scott Brown of Massachusetts -- voted with Democrats in the initial vote to end the debate, reported The Associated Press. Democrat Russ Feingold of Wisconsin, who has blasted the bill for not being strong enough, voted against it along with most Republicans.
The bill is now making its way to President Barack Obama, who has publicly demanded sweeping financial reform.
Even before the vote, Democrats acknowledged that the bill in its current state is not a cure-all.
"It is not a perfect bill," Sen. Chris Dodd (D-Conn.), chair of the Banking Committee, said. "But we believe we've done the best we could under the circumstances to see to it that we never have another bailout of a major financial institution at taxpayer expense." Read rest of article:
Getting LOTS Done and
Just in His 18th MONTH !!!
(and they'll STILL minimize his accomplishments)
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