Yet another indication that the Democrats are anxious to snatch defeat from the jaws of victory:
Bipartisanship, long left for dead in Washington, has struck again. And Wall Street looks to be the winner.
In the wake of the Equifax scandal, Congress has been under pressure to act. But the price of modest reforms in Washington is often much larger giveaways elsewhere, and that pattern holds true in the agreement announced Monday between nine Senate Democrats and the top Republican on the Senate Banking Committee.
The measure would roll back several key financial regulations, including sections of the Dodd-Frank Act. It does so under the cover of offering consumer protections and coming to the aid of community banks — though the financial institutions that benefit have not-so-obscure names, like American Express, SunTrust, and BB&T.
The offending Democrats are all from states that, if not red, are red tinged, but that really doesn’t excuse or explain this, or even make it rational. You don’t win votes in Montana by carrying water for Wall Street. If memory serves, the present occupant of the White House ran against Wall Street. What you accomplish in spades by carrying that water is dampening the enthusiasm of the people the Democrats need to win in 2018.
Post a Comment