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Sunday Rundown: No deal yet on financial overhaul; Corker to unveil executive clawback amendment; Granholm for SCOTUS?; McConnell: Not the right time for immigration reform

By Matt DeLong and T. Rees Shapiro

Here's a quick roundup of the Sunday talk shows:



NBC : "Meet the Press"

Senate Banking Committee chair Christopher Dodd (D-Conn.) predicted the financial overhaul bill that bears his name will ultimately pass. However, both he and his GOP counterpart on the committee, Richard Shelby (R-Ala.), said a compromise has yet to be reached. Shelby said "we're closer than we've ever been" but it was unlikely a deal would be forged before Monday's vote.

Dodd weighed in on the immigration debate, calling the new Arizona law "outrageous." He added that "we've got to step up to the job" of passing immigration reform on a federal level. Shelby offered a "maybe" when asked if it was possible to pass an immigration bill this year.


ABC : "This Week"

Sen. Bob Corker (R-Tenn.), one of the finance overhaul bill's chief negotiators, said he plans to introduce an amendment to force executives and board members to return their compensation if their institution fails. "If a large entity like this has to go through this resolution ... I think that everything that the executive team and the board members have earned through this company over the last five years needs to be clawed back," Corker said. White House economic adviser Austan Goolsbee was careful not to endorse Corker's planned amendment, offering only that the White House is open to further negotiations on the bill. Echoing other Republicans making the Sunday show rounds, Corker said he expects GOP senators to mount a filibuster if no bipartisan agreement on the finance bill is reached before a scheduled procedural vote Monday evening.

Sen. Sherrod Brown (D-Ohio) said that in its current form, the bill does not go far enough to rein in institutions that become "too big to fail." He said he will unveil an amendment with Sen. Ted Kaufman (D-Del.) that would place size limits on institutions.


"Fox News Sunday"

The co-chairs of President Obama's debt reduction commission, former Sen. Alan Simpson (R-Wyo.) and former Clinton White House chief of staff Erskine Bowles, appeared together and went to great lengths to avoid raising expectations or offering any specifics. Despite Simpson's colorful language -- he described his new job as "a suicide mission" and said he is "really a nut" because he doesn't approach everything with cynicism -- the pair declined to say much about what sort of debt-reduction strategies they might recommend aside from "everything is on the table." Among the things "on the table," they said, are tax increases, entitlement cuts, and even altering the recently passed health-care overhaul.

With immigration once again in the national spotlight thanks to a controversial new law in Arizona, Senate Minority Leader Mitch McConnell (R-Ky.) said, "I just don't think this is the right time to take up" immigration reform, citing the nation's high unemployment rate and border security as higher priorities. McConnell said that "our time would be better spent at the federal level on other issues." He declined to comment on the Arizona law, saying that he "hadn't studied it."

McConnell said that while he is hopeful that a bipartisan compromise will emerge on the financial regulation bill, he said none has yet been reached and "we will not go forward with this partisan bill tomorrow" without one. He reaffirmed that is is "highly unlikely" the GOP will filibuster President Obama's eventual Supreme Court nominee. On the Florida GOP Senate primary, McConnell said Gov. Charlie Crist, whom McConnell previously endorsed, would not have his support if he decides to mount a bid as an independent.


CNN: "State of the Union"

Sen. Saxby Chambliss (R-Ga.) said the recent move by Democrats to put immigration reform as the next order of business would bring to light a "very, very serious issue." But, he said, immigration reform is beside the point "when we haven't sealed the border." Chambliss said there are many other issues that should take precedence, including the budget outline, defense authorization, and the financial reform package.

Michigan Gov. Jennifer Granholm (D) said she is flattered to be considered on the short list of Supreme Court nominees for the soon to be vacated seat by Justice John Paul Stephens. Granholm said she believes the high court is replete with academics and federal court veterans and could benefit from someone with an outsider's perspective. While Granholm has plenty of experience leading Michigan, she said she understands she lacks the usual credentials for a Supreme Court seat. "Someone like me would be an unconventional nominee," she said.


C-SPAN "Newsmakers"

Rep. Jerry Lewis (R-Calif.) said his biggest worry as the ranking member of the appropriations committee is the deficit, which could soon reach $13 trillion. He said the government should immediately take steps to bring the number down. He said the government should closely examine all federal aid programs, and look across the board for programs to eliminate, including defense contracts, such as the F-22 jet fighter, and some public housing projects. He said the government could learn from its mistakes and noted that it would have been wise to appropriate unused stimulus dollars toward eliminating the deficit.


CBS: "Face the Nation"

White House economic adviser Larry Summers said the president's foremost concern with new financial regulation is that "we must end too big to fail." Summers said that attitude created the current banking crisis and companies that make mistakes should pay the consequences, not the American people with costly bailouts.

By 44 Editor  |  April 25, 2010; 2:07 PM ET
Categories:  44 The Obama Presidency  
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Comments

Please do not put Jennifer Granholm on the Supreme Court. She would be in over her head intellectually and would be the Democratic version of Harriet Miers.

Posted by: danielhancock | May 1, 2010 1:25 AM | Report abuse

This writer (then a freshly minted PhD) arrived in the United States in August 1966 with full immigration papers.

Each January thereafter, like all legal immigrants (until the time they opted for naturalization as an American)I was required to fill out a card with Name, "Alien Registration Number", current postal address and hand it in at the Post Office...Accordingly, each January, I went to the Post Office to fill out the "alien card".
In January 1971 (if I recall the year correctly), the postal clerk said "you don't need to fill that card anymore"!

It occurred to me then (and now) that if the legal immigrants, students of foreign nationality etc were not properly identified annually, then, equally likely, those who had lapsed papers, overstayed visas or had just plain snuck in to the United States could also, obviously, not be accounted for.
Thus, the problem of illegal, unaccounted immigration seems to have begun almost 40 years ago when Mr.Nixon was President and Mr.Mitchell was Attorney-General. It was OUR sloppiness that led to "simplifying" (=eliminating!) the annual registration of aliens. i.e. We just did not care to keep
proper head-counts.
Now the problem is hugely larger and we need to fix it bearing in mind that the law-abiding alien and the scoff-law alien must not to be tarred with the same brush.
It is instructive to ponder the cause of our own uncaring indiscipline. It may lead to rational reform.
Rational thinking is needed before we have a rational accounting of non-Citizens in the U.S., which in turn is a precondition for a rational immigration program.
Neither, overheated foolish speeches of the uber-patriots nor the hand-wringing of
the ultra-civil-libertarians is needed;
rational thinking is what's called for and then rational laws.

Posted by: doppler1 | April 26, 2010 1:52 PM | Report abuse

Jennifer Granholm has been the worst governor in the history of Michigan, usually clueless. She has spent almost 8 years protecting public employee unions from economic reality, while the state sinks.

Her lousy work will probably result in the election of a dittohead next fall, so we can go from bad-lefty to bad-righty.

Please take her to Washington, tomorrow if possible.

Posted by: rustyrustbelt | April 26, 2010 1:07 PM | Report abuse

Jennifer Granholm would be a great choice for SCOTUS (what's with all these silly acronyms lately?). She is definitely very smart, she understands the pain people are feeling outside of the beltway, she's a good liberal and she's young. The only downside is that she too is a Harvard Law grad, but don't hold that against her. There's nothing wrong with being smart if you don't sell your soul (or didn't have one to begin with, like some of those guys on the right wing of the current court). To hear someone like McConnell say that we need someone who is in the "mainstream" is an absolute joke when you see how far outside of it his boys are! Back to Jennifer, she's also a babe and unfortunately, given her Canadian birth, a position on the SCOTUS is the highest position she can aspire to unless the Arnold Amendment gets passed (which is rather unlikely given all the xenophobic wingnuts out there).

Posted by: DEKinA2 | April 26, 2010 11:10 AM | Report abuse

"Not the time for Immigration reform". What reform? What is meant by IMMIGRATION reform? The legal immigrants to this country have no complaints so what's this talk really about? It's about AMNESTY TO REWARD ILLEGAL INVADERS so let's call it what it really is; AMNESTY! We don't need it. Legal immigrants are being taken care of under the law so it's only the ILLEGALS to be dealt with and there's only one way to deal with them; Apprehension and deportation according to the law. Why does anyone have a problem with that? We don't hear them protesting the apprehension of bank robbers (a federal offense). These people have invaded this country and stolen benefits meant for AMERICANS and we, the people want it stopped, not rewarded! The elected who favor rewarding ILLEGALS are serving only their own selfish interests in violation of their sworn oath of office. That makes them TRAITORS in my book. Further, in taking such a position it means they intend to continue to ripoff of American citizens like me and my family for the benefit of foreign nationals. That tells me they are declaring WAR on AMERICAN CITIZENS. Financial war maybe, but WAR never the less. They have an obligation to enforce the law and their intentional failure to do so has put us in this position which they now claim OH WE CAN"T DO ANYTHING ABOUT IT NOW EXCEPT TO REWARD THEM WITH AMNESTY"! So they continue to refuse to enforce the law which makes a bad situation even worse. WRONG! DO YOUR JOB, ENFORCE THE LAW because continuous failure to do so signals that we don't have to obey any laws!
If you TRAITORS devoted as much energy to that as you do to do away with our 2nd amendment rights this wouldn't be a problem. Hmmm, maybe I've hit on something: The answer to why they want to take away our guns........

Posted by: TexRancher | April 25, 2010 7:02 PM | Report abuse

Nancy and Harry decided the Dems were in big trouble out west. They picked immigration to keep Harry and Barbara in the Senate. They felt they needed the Latino vote to retain their seats.

Then along comes the most stupid woman in politics today - the governor of Arizona. This raving maniac put an entire class of people into a situation of fear and stress, and handed the next few elections to the Dems.

To quote Jefferson:

When the people fear their government, there is tyranny; when the government fears the people, there is liberty.

Posted by: alance | April 25, 2010 5:53 PM | Report abuse

OBAMA; TAKE DOWN FUSION CENTER GESTAPO, FIRE SECRET SERVICE BOSS

• Extrajudicial shadow government run out of America's 70-some multi-agency "fusion centers" decimates democracy, human and constitutional rights, personal liberty.

Rogues and scoundrels appear to be running a multi-agency Homeland Security- administered fusion center cabal, in partnership with corporate and municipal officials across America.

These agencies, commands and corporations have constructed an extrajudicial, unconstitutional and morally bankrupt shadow government, run out of the nation's 70-some fusion centers, that pulls the power strings in this nation in a breathtakingly arrogant grassroots bypass of the civilian chain of command, the judicial system, and Congress.

FOR THE REST OF THE STORY:

http://nowpublic.com/world/obama-take-down-fusion-center-gestapo-fire-secret-service-boss OR
http://NowPublic.com/scrivener

Posted by: scrivener50 | April 25, 2010 5:18 PM | Report abuse

So why is now not a good time to bring up immigration reform? Worried about some overt racism in the Republican ranks breaking even more into visibility?

Posted by: chucko2 | April 25, 2010 5:07 PM | Report abuse

Oh, Pahleeeze!

Immigration?

Folks, we allow more "Immigration" than any other Nation on this planet!

Even as we cross the 300 MILLION mark! (Messico BTW, only has @ 80 Million left there!)

No;

What IS needed, is EXACTLY what Aridzona has done. Allowance of State and Local Entities to FINALLY begin doing what the Feds have soooooo BADLY not done;

But, are trying REAL HARD to now try to make go away by simply capitulating;

and that's:

ENFORCE THE EXISTING LABOR LAWS!

Folks, it is the Feds, and the Criminal Employers who get a free pass to sell out LEGAL Workers, along with an INSIPID Policy of granting Citizenship automatically to any Baby delivered here-whether the Mother has ANY RIGHT to be here or not;

that IS the Problem!

Not "Immigration";

or, any RE-WRITING of EXCELLENT Laws!

Ohhhhhh, BTW, as I was outside the Library I came in to check my mail here in the Rio Grande Valley of Texas, I was privy to an American Educated "Hispanic" talking to fellow Hispanics about how he was active in promoting them!

I began pointing out that he should try to "Promote"/ Help them by going to Messico and doing it where they have to flee for a fair break-But Wait! He'd just get arrested for practicing "Politics" THERE!!!!...

The "Conversation" ended, as he explained that he was already "There"! All of Texas south of San Antonio is already Messico!

20 Million Instant VOTING "Americans" who share our Views, and are just sooooooo Loyal to THIS Country in another Mass Amnesty...

Como se dice " NO F'ING WAY, JOSE";

en Espanol?

Posted by: SAINT---The | April 25, 2010 3:04 PM | Report abuse

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