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Why These Democrats Flipped To Defeat Wall Street Deregulation
WASHINGTON -- Anyone who wants to understand the current state of the Democratic Party should pay close attention to what happened this week in the House of Representatives, where Democrats cut down a GOP-backed Wall Street deregulation bill. In response, the bill's supporters avoided talking about who the legislation would have helped (hint: two big banks), focusing instead on calling its victorious opponents a bunch of flip-floppers.
"They were for this bill before they were against it," said House Financial Services Committee Chairman Jeb Hensarling (R-Texas).
Rep. Jim Himes (D-Conn.), a Goldman Sachs alum, made the same point more softly during an appearance on C-SPAN Thursday morning.
"The atmosphere is a little bit different," Himes said. "I think there were 35 Democrats who voted yes. On similar legislation in the last Congress, that number was more like 75* or so. So yes, there were some folks who looked at the same thing this Congress and thought that they felt differently about it."
* - actually 95
Except...
Why These Democrats Flipped To Defeat Wall Street Deregulation
WASHINGTON -- Anyone who wants to understand the current state of the Democratic Party should pay close attention to what happened this week in the House of Representatives, where Democrats cut down a GOP-backed Wall Street deregulation bill. In response, the bill's supporters avoided talking about who the legislation would have helped (hint: two big banks), focusing instead on calling its victorious opponents a bunch of flip-floppers.
"They were for this bill before they were against it," said House Financial Services Committee Chairman Jeb Hensarling (R-Texas).
Rep. Jim Himes (D-Conn.), a Goldman Sachs alum, made the same point more softly during an appearance on C-SPAN Thursday morning.
"The atmosphere is a little bit different," Himes said. "I think there were 35 Democrats who voted yes. On similar legislation in the last Congress, that number was more like 75* or so. So yes, there were some folks who looked at the same thing this Congress and thought that they felt differently about it."
* - actually 95