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GOP Desperate to Sink Finance Reform — Sound Familiar?

Sen Mitch "Let's scrap this one too" McConnell

Senate Minority Leader Mitch McConnell (R-Ky.) flew to New York two weeks ago for a private, behind-closed-doors meeting with hedge fund managers, bankers, and other Wall Street elites. It was after this meeting — where McConnell reportedly sought campaign contributions — that the Republican Senate leader returned to D.C. determined to kill the legislation that would bring some accountability to the same industry whose recklessness nearly destroyed the global financial system.

McConnell was asked on CNN this morning what, specifically, was said at the gathering about the Wall Street reform bill. The conservative Kentuckian was evasive — imagine that — and instead of answering the questions, he talked about scrapping the legislation altogether.

“We ought to go back to the drawing board and fix it.”

 It’s like deja vu all over again — Democrats tackle a pressing national issue, negotiate with Republicans in good faith, craft a reasonable, middle-of-the-road legislative package that deserves bipartisan support, lobbyists tell Republicans to kill it, and McConnell voices his support for killing the legislation and going “back to the drawing board.”

Is it me or does this sound familiar?

McConnell’s principal (but not principled) concern is over the legislation’s liquidation fund, which would impose a fee on large financial institutions, collecting money that would be used to cover the costs of closing firms that fail. McConnell, who doesn’t know what he’s talking about, has characterized this provision as “institutionalizing bailouts.”

Fine, the Obama administration said. If it will help create bipartisan support for the bill, and end talk of a Republican filibuster, the provision on the liquidation fund can be scuttled. So, problem solved? Hardly.

[W]hen asked if he would support the bill if Democrats removed that fund, McConnell told CNN’s “State of the Union” he would still have other issues with the legislation, though he did not say what those qualms were.

 Again, we’ve seen these genuinely stupid tactics before.

“Republicans can’t support the reasonable legislation Democrats want because it has a provision we’re pretending not to like.”

“Fine, we’ll get rid of the provision.”

“Republicans still can’t support the legislation, and we don’t want to tell you why.”

I know Republicans want to be taken seriously on public policy, but I can’t figure out why anyone would.

By: Steve Benen-Washington Monthly-April 18, 2010

April 18, 2010 Posted by | Politics | , , , , , , , , | Leave a comment

McCain: I Was a ‘Maverick,’ Now I’m a ‘Partisan’

John McCain "the partisan"-even hard for him to swallow!

Arizona Sen. John McCain, trying to fend off a primary challenger trying to outflank him on the right, also found himself trying Sunday to put straight whether he was a “maverick” or not.

McCain’s “maverick” reputation and his past willingness to work with Democrats on issues like the environment, campaign finance reform and immigration before his run for President in 2008 often frustrated or angered fellow Republicans and he has lately made it appear like it’s a moniker he’d like people to forget.

McCain startled many political observers when he told Newsweek magazine “I never considered myself a maverick” — even as Sarah Palin was describing him that way in a campaign appearance late last month in Arizona for her old running mate.

When he appeared on Fox News Sunday, host Chris Wallace pressed McCain on the point, playing a 2008 campaign ad that called him “the original maverick” and showing McCain saying, ” If you want real reform and if you want change, send a team of mavericks. And what maverick really means, what this team of maverick really means, is we understand who we work for.”

// McCain responded, “Look, when I was fighting against my own president, whether we needed more troops in Iraq, or … spending was completely out of control, then I was a maverick. Now that I’m fighting against this spending administration and this out-of-control and reckless health care plan, then I’m a partisan.”

Hayworth labels himself the “consistent conservative” on his campaign web site and he has had fun poking McCain over the “maverick” quote. Hayworth told the Politico, “To the extent that he can encourage amnesia in the electorate, that’s what he’s aiming to do.”

A Rasmussen Reports poll conducted April 13 showed that Hayworth had pulled within 5 points of McCain, with McCain leading him 47 percent to 42 percent among likely Republican voters. The margin of error was 4 points. The primary is August 24.

By: Bruce Drake, Contributing Editor-Politics Daily, April 18, 2010

April 18, 2010 Posted by | Politics | , , , , , , , , | Leave a comment

We Gather to Mourn the Loss of John McCain’s Integrity

Maverick or Total Fraud?

We are gathered here today to pay our final respects to John McCain’s integrity.

It died recently — turned a triple somersault, stiffened like an exclamation point, fell to the floor with its tongue hanging out — when the senator told Newsweek, “I never considered myself a maverick.” This, after the hard-fought presidential campaign of 2008 in which McCain, his advertising team, his surrogates and his running mate all but tattooed the “M” word on their foreheads.

Indeed, not only did they call McCain a maverick, but so did the subtitle of his 2003 memoir. Heck, his campaign plane when he ran for president back in 1999 was dubbed Maverick One. Yet there he is in the April 12, 2010, edition of Newsweek, page 29, top of the center column: “I never considered myself a maverick.”

And his integrity kicked twice and was still.

The death was not unexpected. McCain’s integrity had been in ill health for a long time. Once, it had been his most attractive political trait, drawing smitten prose from political reporters and intrigued attention from voters sick of the same old, same old from politicians who would bend like Gumby for the electorate’s approval.

McCain’s integrity wouldn’t allow him to be that guy. He was this hard-bitten former Navy flier and heroic POW, impatient with the belittling demands of politics as usual, a fellow who would speak an impolitic truth or cross the aisle to work with the opposition because he had this quaint idea that the needs of the country superseded the needs of his party. Then came the GOP presidential primary of 2000 in which McCain was bested by one George Walker Bush and a load of dirty tricks. McCain took note. And his integrity took sick.

The illness began in that selfsame campaign.

By his own admission, McCain lied to voters about his opinion of the Confederate battle flag, fearing that calling it what it is — a flag of treason, racism and slavery — would cost him votes in flag-worshipping South Carolina.

In later years, he embraced right-wing religious extremists he had once condemned. And reneged on a promise that he’d be open to repealing “Don’t Ask, Don’t Tell” if military leaders advised it. And went from opposition of offshore oil drilling to “Drill, baby, drill!” And et cetera.

Two things here: One, all the nattering about flip-flops aside, there is nothing wrong with changing one’s opinion. It indicates a thinking mind.

Two, McCain is hardly unique. Indeed, they have a name for people who change their opinions in order to win votes: politicians.

But these are not just changes of opinion we’re talking about. Rather, they are betrayals of core principle. And while that might be politics as usual, there is a higher standard for the politician who has positioned himself as a man of uncommon integrity, a purveyor of straight talk in a nation hungry for same. When that man panders, the disappointment is keen.

So it stings to see McCain knuckle under to the ideological rigidity that makes it heresy to cross the aisle, question the orthodoxy or have an independent thought. There’s a sense of loss for those who ask of leaders, leadership. It reinforces the cynical notion that there is no one out there who is authentic.

One is reminded of that poignant scene in “The Truman Show” where Jim Carrey as Truman Burbank has just discovered his entire life was a made-for-TV fiction. “Was nothing real?” he asks. A voter who believed in John McCain, who regarded his iconoclastic singularity as a stirring example, might be forgiven for asking the very same thing.

“I never considered myself a maverick”?! Wow.

With those words, McCain completes his transmutation into an avatar of all that is wrong in American politics.

May his integrity rest in peace.

Miami Herald columnist Leonard Pitts Jr.’s column appears regularly on editorial pages of The Times. His e-mail address is: lpitts@miamiherald.com: AP photo by Michael Conroy

April 18, 2010 Posted by | Politics | , , , , , | Leave a comment