This blog serves the our introductory course on American politics (Claremont McKenna College Government 20) for the spring of 2012. During the semester, I shall post course material and students will comment on it. Students are also free to comment on any aspect of American politics, either current or historical. There are only two major limitations: no coarse language, and no derogatory comments about people at the Claremont Colleges.
Monday, April 12, 2010
Financial Reform
Does anyone sympathize with the "fat cats?" After we all watched Wall Street dig an economic ditch for our country, the answer is "no." This spring, Senate Democrats will look to take advantage of the public's negative attitudes by proposing a strong financial reform bill. With only 59 seats in the senate, Democrats will need some bipartisan support. Though house and senate Republicans have opposed most liberal legislation since Obama took office, it will be a tough political stance to oppose fairly strict regulations on Wall Street. If Republicans vote to pass the bill, Democrats get what they want. If Republicans oppose the bill, Democrats get what they want. Since voters won't be happy with a party that wants to keep finance on Wall Street the way it has been (disastrous), Republicans might be forced by public opinion to pass the bill. So whether or not Democrats pass their liberal legislation, they will benefit either by policy or by the upcoming midterm elections.
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