Word: bipartisanism
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...sorted itself out yet: the Senate alone boasted moderate Republicans from blue states like Vermont, Connecticut, Rhode Island, Pennsylvania, Maryland and Oregon, where activist government weren't dirty words. These moderates - who met every Wednesday for lunch - chaired powerful committees, served in the party leadership and helped cut big bipartisan deals like the 1986 tax-reform bill, which simplified the tax code, and the 1990 Clean Air Act, which set new limits on pollution. Second, because Republicans occupied the White House, making government look foolish and corrupt risked making the party look foolish and corrupt...
...heart - and allowed independents to vote not only in presidential primaries but in congressional ones as well - the consequences could be profound. Not only would more moderate candidates win, but the same candidates would stake out more-moderate positions, the result of which might be something of a bipartisan rebirth...
...agency, gets to run it. Some finance-friendly Democrats have been resistant as well. The new agency was included in the financial reforms the House of Representatives passed along party lines in December, but it has been a stumbling block as the Senate has struggled to put together a bipartisan bill, and even the House version was watered down a bit. Small banks were allowed to keep their old regulators; realtors and auto dealers were exempted from new regulation; a requirement that lenders offer "plain-vanilla" mortgages in addition to exotic products was scrapped. (Read "Don't Kill the Consumer...
...consumer agency, but it's not a realistic goal, because Republicans have declared it a deal breaker. Even before the Massachusetts election, Democratic Senate leaders had decided not to reprise the horse-trading it took to get them 60 votes for health care reform. They want a bipartisan bill, and there's no way that will happen with the CFPA. Why not ditch...
...Because there's no guarantee that ditching it will ensure a bipartisan bill. Health care was telling: Republicans called the public option a deal breaker, but once the public option was deleted, they found new excuses for obstruction. They say financial reform is different, but it's worth noting how many Republicans supported it in the House: zero. (See why financial reform is easier than health care...