You Go, House D’s!

December 11th, 2014 at 4:19 pm

This may well be out-of-date by the time you read it but as I write it, the House D’s are considering blocking the CRomnibus budget bill proposed by the R majority to keep the gov’t running past its deadline at midnight tonight.

Details here, but the R’s went too far by adding in repeals of certain parts of Dodd-Frank financial market reform, as I described yesterday. And in an interesting twist, because the bill doesn’t go far enough on punishing the President for his immigration action for conservative House R’s, it looks like Rep. Boehner once again needs D’s to pass the funding measure.

So if you’re a D who recognizes the need for strong financial market oversight, why should you support this bill? Because the R’s have you backed into a corner in terms of a shutdown? Believe me, I very much don’t want to see that outcome either, but that doesn’t mean I’d swallow whatever they served up.

Because you’re better off negotiating a budget deal with these R’s than with the more conservative incoming R’s? Again, I can see the point, but fact is you’ll be negotiating a new budget deal with the incoming class either way. The bill they’re voting on today only lasts through Sept. 2015 (and the Homeland Security part only lasts through Feb!).

Here’s what Nancy Pelosi wrote to her colleagues:

PRESS RELEASES  12.11.14
Pelosi Dear Democratic Colleague on CRomnibus

Dear Democratic Colleague,

It is clear from this recess on the floor that the Republicans don’t have enough votes to pass the CRomnibus.  This increases our leverage to get two offensive provisions of the bill removed: the bank bailout and big money for campaigns provision.

However you decide to vote in the end, I thank those who continue to give us leverage to improve the bill.

Stay tuned.

NANCY

I agree and am glad she and a number of her colleagues are taking this stand.

Update: The indispensable Mike Konczal provides these links that help explain the importance of the Dodd-Frank measures under attack. As I thought, they’re a big deal. 

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4 comments in reply to "You Go, House D’s!"

  1. Joe says:

    In a month a lot more of the House Ds will indeed be gone!!!


  2. PATRICIA says:

    9:06p: One member just called this bill “progressive” and implored members to hold their noses in the name of progress; outgoing-Dem Jim Moran asked his colleagues to approve the measure so that staffers can go home and see their kids. Talk about heart-breaking…


  3. Sandwichman says:

    Folded like a cheap card table.


  4. urban legend says:

    “However you decide to vote in the end. . .”

    In other words, I don’t feel too strongly about it.

    Can you spell kabuki?


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