27 April 2010

Failing by Design

So, after releasing an ambitious plan to reign in the exotic insurance-like financial instruments known as swaps, Blanche Lincoln is saying that she thinks that the proposal will not survive the Senate:
Senator Blanche Lincoln said she isn’t sure her plan to make banks wall off their swaps-trading desks has enough support to become part of financial-regulatory overhaul, while calling the provision effective change.

……

“I don’t know if I have the votes” for the provision, Lincoln said today. When the measure comes to the floor for debate, senators could vote to remove her plan, Lincoln said.
Let's be clear, Senators don't say things like this about proposals of theirs that they want to pass, they say it about proposals of theirs that they want someone else to kill.

Lincoln is trying to present herself as the liberals' great white hope in the primary, but it's just a pose, which is why the US Chamber of Commerce is doing a TV ad blitz for her.

Do not be deceived: She is owned by Walmart, the big banks, the health insurers, and the rest of those pig felching rat bastards.

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