As a key committee in the Senate takes up reforming the ways of Wall Street, the President lays down a marker: “I urge those in the Senate who support these reforms to remain strong, to resist the pressure from those who would preserve the status quo, to stand up for their constituents and our country. And I promise to use every tool at my disposal to see these reforms enacted: to ensure that the bill I sign into law reflects not the special interests of Wall Street, but the best interests of the American people.”
The President seems to be gearing up for another big fight. I think he feels that Health Care Reform is safe enough now he can move on to this important regulation reform of the financial industry.
Our voices are going to have to be heard on this, much as they were and maybe stronger, than for Health Care. We have got to push our Senators and Representatives to get this through. We have to have stronger rules for Wall Street and the people who caused this disaster. That is just a given.
One thing to note.. again, we can't let the quest for the perfect defeat the good. We may not get all we want, just as we didn't in Health Care Reform, but just as with all large legislation, sometimes the first step is the hardest and we can build from there.
One other note... Sen. Chris Dodd is now calling for an investigation into Lehman and the others who caused this crisis. That is a good thing and is long overdue. I guess deciding to give up his job as a Senator has allowed him to become stronger.
OK everyone, now is the time to start calling, before they even get started in Committee hearings on this legislation... Let's get this done.