There are other measures that are bipartisan, but, it was a general consensus on the floor of the Senate that the 'jockeying' for political positions was destroying the efforts to unit the parties in future endeavors to bring justice to the people of the USA in regard to its huge debt.
There is a measure that is to come before the Senate that would create a Statutory Commission. It is (was) a bipartisan amendment with many bipartisan co-signers. It was to make a comprehensive study of the National Debt and report back to Congress. No rules, no regulations, simply a bipartisan committee that would seek to present 'the state' of the National Debt to Congress for its review and quite possibly action on that Debt.
Now it would seem, the Senators, especially the Minority Leader Senator McConnell is opposed to that amendment when before Tuesday he was strongly in favor of it. It would seem as though the Republicans believe they will take a majority back in the Senate in November and they won't have to worry about 'understanding' the National Debt, but, simply to continue to contribute to it.
Hm?
The statement that was most profound today from the Senate floor was, "I wish legislators would govern this nation past the next election."
US STOCKS-Wall St drops on Obama bank limits plan (click here)
Thu Jan 21, 2010 5:49pm EST* Obama proposes tougher restrictions on banks
* Goldman Sachs, JPMorgan, other bank shares fall
* Volatility index jumps 19 percent
* Indexes off: Dow 2 pct, S&P500 1.9 pct, Nasdaq 1.1 pct
* For up-to-the-minute market news, click [STXNEWS/US] (Updates close with American Express down after the bell and details on VIX rise)
By Caroline Valetkevitch
NEW YORK, Jan 21 (Reuters) - U.S. stocks suffered their worst one-day percentage drop since October on Thursday as U.S. President Barack Obama proposed tough restrictions on banks that would squeeze profits.
Major banks slid, with Goldman Sachs (GS.N) falling 4.1 percent despite posting stronger-than-expected fourth-quarter results, and JPMorgan Chase & Co (JPM.N) shed 6.6 percent, after Obama proposed limiting how banks invest their own money....
