Solid Majority Backs Financial Reform Bill

Run with it then beat the Republicans over the head with it. Actually, they're so tone deaf on this they'll probably do it to themselves. Via Taegan-

The Senate is expected to hold a test vote on a financial regulation reform bill later today, but it appears Democrats do not yet have the 60 votes needed. However, Roll Call notes that rarely have Senate Democrats "been so calm about losing a vote."

The reason? Democrats are prepared to excoriate Republicans for blocking very popular Wall Street reforms.

A new Washington Post/ABC News Poll finds approximately two-thirds of Americans support stricter regulations on the way banks and other financial institutions conduct their business.

"Majorities also back two main components of legislation congressional Democrats plan to bring to a vote in the Senate this week: greater federal oversight of consumer loans and a company-paid fund that would cover the costs of dismantling failed firms that put the broader economy at risk."

Video- President Obama Pushes for Financial Reform

VIDEOS: President Obama's Speech on the Economy in Williamsburg, Va. at Dem. Annual Retreat

By GottaLaff

Per CNN just now: Treasury Secretary Geithner will roll out a brand new Financial Stability Program, an overhaul of the original bailout program. He'll unveil it as early as Monday.

CNN is now reporting that the Senate votes may not be there for President Obama's recovery plan. They're insisting that this speech didn't help, because of its partisan nature.

Meantime, here is as much of President Obama's awesome speech at the Democratic Annual Retreat as I could get for now. CSPAN cut away before the Q and A, which was pretty frustrating.

We'll replace this with a better version if one becomes available:

Part 1:



Part 2: