Coburn Predicts Financial Bill Won’t Advance on Monday
Sen. Tom Coburn, R-Muskogee, said he doesn’t think Democrats will get the necessary 60 votes to advance financial reform legislation on Monday.
“We’re going to defeat cloture on it Monday,” Coburn said in an interview. No Republicans will agree to move the bill along “until they negotiate with us,” he said. “They’re still playing games.”
Sens. Chris Dodd, D-Conn., and Richard Shelby, R-Alabama, are expected to negotiate through the weekend.
Coburn is opposed to the bill. He said it would expand too-big-to-fail rather than eliminate it, and would allow “Washington to run community banks.”
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Coburn went on to say “we are going to continue our obstruction of any progress to get this country out of the ditch. If we can give the appearance the democrats are failures (because we the republicans refuse to work) then we will have a better chance of winning the next election. Everything is focused on us getting back into power and to get back to the reckless spending and war mongering of 2000-2006.”