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"Elephants in the Room"

The progressive Americans United for Change organization has a new teevee spot titled "Elephants in the Room."  Progressive organizations are ramping up their push for financial regulatory reform as Congress prepares to debate new legislation in the coming weeks. 

The Democratic National Committee had a new ad yesterday as well, titled "Not Again."

Last month, Alabama Senator Richard Shelby told banking lobbyists that Roy Blunt "would help immensely" in Republicans' effort to block meaningful financial reform. Reuters:

Also at the conference, attendees told Republican Senator Richard Shelby they view as unfair the Obama administration's proposal to set up a new government watchdog for financial consumers that would protect Americans from deceptive credit cards and abusive mortgage loans.

Asked what bankers could do to change the agenda, Shelby said, "What you can do is elect more Republicans to the U.S. Senate, that would help immensely." He asked each of the attendees to send $10,000 to Roy Blunt, a former House leader who is now running for Senate as a Republican in Missouri.

Shelby's honesty aside, I think we can all expect Blunt to portray himself as some sort of champion of consumers in this debate while actually working to protect bank corporations' profits.  It should be fun to watch Republicans play both sides of this debate.

h/t Huffington Post



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