Now, what’s happening on June 8? It’s the day of Blanche Lincoln’s primary runoff against Bill Halter. So if the conference doesn’t start until that day, she can claim all she wants that her “tough” derivatives title “will pass,” contrary to the belief of pretty much everyone following the issue.
|By: David Dayen Friday May 21, 2010 12:46 pm|
Maria Cantwell noticed a huge loophole in Lincoln’s “tough” reform bill, and vowed to oppose cloture until it was fixed. Lincoln did not. Everyone and their brother knows that the provision spinning off the swaps trading desks from the big banks is going to get cut. Heck, Mark Warner told Andrea Mitchell today that the derivatives language “will be out” of the final bill. But to Blanche, “it’s gonna pass.”
|By: David Dayen Friday May 21, 2010 11:30 am|
I’ve written plenty about the potential derivatives loophole in the Senate Wall Street reform bill, which Maria Cantwell felt concerned enough about that she tried to block a cloture vote on the entire legislation (although she did give consent to waiving the Budget Act at the last minute, which also could have held up the bill). However, Cantwell’s name was not on the derivatives legislation that concerned her so. And her amendment had a co-sponsor who did not join Cantwell in protesting the vote until the concerns were met.
|By: David Dayen Wednesday May 19, 2010 1:45 pm|
When asked about about the latest twist in the financial regulatory reform, where Lincoln’s “tough” derivatives bill got targeted for watering down on the night of her election, AFL-CIO political director Karen Ackerman replied, “Her timing is fascinating…She came to her position on this in the midst of a primary fight.”
Yes, what a coincidence.
|By: David Dayen Wednesday May 19, 2010 1:05 pm|
If Blanche Lincoln thinks she can rally in three weeks and win a runoff election against Bill Halter, she simply is blind to the import of what happened last night in the US Senate. The narrative of the race is now about Blanche Lincoln trying to snooker Arkansas voters into thinking she was a crusading Wall Street reformer — but the voters don’t like to be lied to.
|By: David Dayen Wednesday May 19, 2010 9:35 am|
The progressive movement showed they can still be a force in elections, if not in governing. Across the country, real Democrats were chosen over corrupt elites or conservative Democrats. This really ends up being a game of inches – but I still believe it matters who gets these politicians into office.
|By: Jon Walker Wednesday May 19, 2010 7:42 am|
Tuesday was a bad day for Washington establishment candidates and a bad day for conservative Democrats. All three establishment favorites performed poorly in the May 18 elections — and President Obama also fared badly as an endorser.
|By: David Dayen Monday May 17, 2010 9:29 am|
The biggest day on the primary calendar all year takes place tomorrow, with elections in four states and some of the most interesting storylines of the 2010 campaign. Activists on the left and right have battles against the establishment which will be decided tomorrow, and Democrats and Republicans have the opportunity to declare victories which they will spin into a narrative about November.
|By: David Dayen Thursday May 13, 2010 2:30 pm|
Democrats have two options – give up the charade and change the derivatives piece before June 8, with Lincoln having to suffer the consequences; or leave it intact to do its intended purpose, and actually pass a substantive and wide-ranging change to how Wall Street does its business. I’ll bet lots of people in the Democratic leadership and inside the White House are hoping that Lincoln gets over 50% next Tuesday so they don’t have to make such a determination.
|By: Michael Whitney Thursday May 6, 2010 1:30 pm|
On Tuesday a radio ad hit the airwaves in Arkansas, featuring Barack Obama encouraging voters to support Blanche Lincoln in the Democratic Senate primary later this month. SEIU, which is supporting Lincoln challenger Bill Halter, cut their own ad to directly challenge Obama. You can hear the ad exclusively at Firedoglake.