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Some beat up on bi-partisanship, some hope for it

March 30, 2010 - Mike Maneval

Republican Sen. Bob Corker of Tennessee has been negotiating with Democrats on the banking committee on a financial regulatory oversight bill, but told the Wall Street Journal on Tuesday that he could not support the legislation committee chairman Chris Dodd, Democrat of Connecticut, is pushing forward. But all hope of a bipartisan compromise on the measure is not lost, as Corker continued to say, "I hope we'll get back to the negotiating table."

Robert Kuttner of the American Prospect, however, would like to see hope for bipartisanship lost. "If his near-death experience on health care has finally ended his futile quest for a bipartisan consensus, Obama will be in a better position to deliver on other fronts," Kuttner writes on Monday.

A day before and at Huffington Post, Kuttner was more specific, citing the recess appointment of Craig Becker to the National Labor Relations Board and restructuring of federal aid to student loans as examples of "leadership and muscle" before calling for a similar approach by the president on financial regulatory oversight. And yet, one complaint Kuttner has with Dodd's legislation is the placement of an oversight agency within the Federal Reserve, going so far as to suggest folding the auditing of the Federal Reserve Congressmen Ron Paul, a sometimes-Republican from Corpus Christi, and Alan Grayson, a Democrat from Orlando, sponsored as a nod to bipartisanship. Corker's principal opposition is that regulators should be assigned to existing agencies and not organized into a new office - a development that would prevent expanding the Federal Reserve's role and responsibilities. 




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