Democrats’ massive financial regulation bill passes — thanks to Scott Brown

posted at 9:33 pm on May 20, 2010 by Allahpundit

Actually, four Republicans voted yes — Collins, Snowe, and Chuck Grassley were the others — but it was Scotty B who flipped today to make it happen.

The 59-39 vote represents an important achievement for President Barack Obama, and comes just two months after his health care overhaul became law. The bill must now be reconciled with a House version that passed in December. A key House negotiator predicted the legislation would reach Obama’s desk before the Fourth of July…

Democrats succeeded in breaking through the Republican block by winning Brown’s backing. The Massachusetts Republican, who had voted against ending debate on Wednesday, met with Reid Thursday morning to voice his concerns regarding the bill’s effect on Massachusetts banks such as State Street and insurance firms such as MassMutual. House Financial Services Committee chairman Barney Frank, also of Massachusetts, weighed in Thursday with letters to Reid offering his own guarantees that the final bill would resolve Brown’s concerns.

Shelby, who helped write parts of the bill before ultimately voting against it, called it a “massive new consumer bureaucracy” and a “liberal activists’ dream come true.” So why’d Scotty flip? Pressure:

So why did Brown buckle, after voting to uphold the filibuster on Wednesday?

For starters, he received 3,000 phone calls to his office over the last week, all of them by supporters of Organizing for America, the apparatus that sprung out of President Obama’s campaign for the White House that is now housed inside the Democratic National Committee…

Then there is guilt. Reid all but called Brown out by name on Wednesday when he said that the Senate did not move forward on a procedural vote to end debate and overcome the filibuster because a senator had “broken his word.”

Brown told reporters that he had in fact given Reid his word that he would vote if his concerns were addressed in the bill, but that he voted no on Wednesday because his concerns had not been addressed. Thursday Brown voted yes, though his concerns had still not been addressed.

Translation: The left knew they could make things uncomfortable for him in Massachusetts if he didn’t cave, so they turned the screws — and he caved. Which, admittedly, was fully expected after the first filibuster, but is no less depressing for having been predictable. Exit question: Forgivable offense for a blue-state Republican worried about reelection or primary-worthy sin that’ll have Red State pounding the table tomorrow?

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This gets chaulked up to a politician that cares only about himself and re-election. He talks to Reid and makes promises to Reid? Are you a Democrat? Yeah! That’s what I thought! Political expediency, dude. You definitely have no Conservative principles and probably never did.

Sultry Beauty on May 22, 2010 at 7:44 AM

Mussolini would approve of this bill.

deepdiver on May 22, 2010 at 10:03 AM

And tho think I voted for this guy and had my son shake his hand at a rally. Geesh. Is it Scott Stupak or Bart Brown…hard to tell these days. You’re not beholden to anyone, Scotty? Well remember we’re not either. Might do well to remember that – your butt will be back in Wrentham in no time.

Huckabye-Romney on May 22, 2010 at 11:13 AM

Scott Brown, unfortunately, is not a true conservative.
A true conservative wants:

– smaller government
– lower taxes
– less regulations, because increased regulations increase
prices, costs, and taxes, and cedes power to government

Brown has no truly conservative philosophical underpinnings.

Mark7788 on May 23, 2010 at 12:49 AM

In defense of Scott Brown, he is a politician, first and foremost, and that too from Massachussetts

Sarbanes-Oxley happened because of unethical companies like Enron – now this piece of regulation has happened because of the unethical practices of an entire industry, which was/is in cahoots with Big Government.

I am pretty sure even without reading this legislation, there will be enough loopholes for BoA, JPMC, Citi and all other big banks to exploit, leaving the middle sized and small banks as the ones most affected – which in turn is going to affect the average Joe the most.

nagee76 on May 23, 2010 at 8:46 AM

I actually donated and volunteered for this guy? I don’t even live in his state! I feel like I was ripped off! Everyone says I shouldn’t be surprised but I thought he was supposed to be different. There is no difference if he votes along the Dem agenda 90% of the time.

gatorfanatic on May 23, 2010 at 11:21 AM

Scottie brown nose is looking forward to hoops with zero. Not another dime from me brownie.

dragondrop on May 23, 2010 at 8:08 PM

Scott Brown:

Why would you cede more power to the federal government in the form of massive regulations?
This is a massive crony-type bill which the American people are going to be footing.
You sir, don’t deserve the appellation: conservative.

Mark7788 on May 23, 2010 at 8:42 PM

Doc Savage called this one the day the guy was elected. he may be a little…eccentric but he keeps gettin’ things right.
The day the South Korean warship went down he said torpedo…and voi la…torpedo.

Army Brat on May 23, 2010 at 9:04 PM


Yephora on May 24, 2010 at 10:16 AM

Until the Mass voter changes the Politicians will remain the same. Until they start to vote in more small l libertarians, small c conservatives at all levels of government, Republicans from that State will remain spineless and liberals will remain in power.

jpmn on May 24, 2010 at 10:40 AM

Actually, four Republicans voted yes — Collins, Snowe, and Chuck Grassley were the others — but it was Scotty B who flipped today to make it happen.

OK, can we stop refering to Collins and Snow as “republicans” yet?

Scrappy on May 24, 2010 at 1:58 PM