GOP Not Worried About Financial Reform Backlash

April 27, 2010 RSS Feed Print
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By Paul Bedard, Washington Whispers

In the face of stories and Democratic charges that they are scared of looking pro-Wall Street in their refusal to OK financial services reform, Republicans say they feel confident that the public is starting to get behind their effort to modify the legislation to help small businesses. Top Senate GOP leadership aides showed Whispers polling and anecdotal information that the public isn't fully onboard the Democratic reform freight train.

One official noted that Gallup has the Republicans even with Democrats on who can best handle the economy. Both are at 44 percent, a 5 percent drop for Democrats. "And meanwhile, back at the farm, Democrats are talking regulation reform and thinking they're making big gains," says one of the Republican leadership aides. "But we think they vastly overestimate the public's focus on this issue and they've squandered so much credibility ramming healthcare through that they can't just say, 'This bill is good, the Republicans are bad,' and have people reflexively believe it like they did a few years back."

Others predicted that lawmakers will shift gears to warning that the legislation will kill small businesses in their states, a theme Senate Minority Leader Mitch McConnell played up in a news release today that focused on how companies like the maker of M&Ms and Snickers, and the motorcycle-maker Harley Davidson, will lose jobs.

 

Tags:
financial regulation,
Republican Party

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The stance of the GOP on reform is an indicator they should never be in power again.I have not considered myself to be a Tea Party member, but I will follow their goal of voting against any incumbent in my voting area.

JM in Georgia of GA 2:29PM April 30, 2010

The Democrats may have been in power in 2007, but that has nothing to do with trying to get something done now.The Republicans were there for at least siix years and they were very happy with conditions at that point as they had plenty to do with deregulating. They are a bunch of power hungry pols and want to do nothing but get Obama out of office. They are absolutely nothing but hypocrits. Where is the AMERICA FIRST slogan now.?

Wally of WI 3:51PM April 28, 2010

Did you forget that the Democrats had control of both the House and Senate starting in January of 2007? Did they try to do anything to stop the economic crash in 2008? (The answer is no). Do you remember Barney Frank saying what great shape Fannie Mae and Freddie Mac were in during 2007? (He did).

It is overly simplistic to just blame the Rebublicans for our current economic woes. Mistakes were made by both parties, Fannie Mae, Freddie Mac, the Federal Reserve, Wall Street, Bankers and those who took out loans they couldn't pay back.

Bob of TX 3:00PM April 28, 2010

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