The win-win politics of health-care reform
This is an interesting tidbit from Noam Scheiber:
On Wednesday, Obama told Dodd and his House counterpart, Barney Frank, that he could more or less live with either version, according to an official knowledgeable about the meeting. (Though he stressed that he’d like to combine the toughest elements of both, as with an exemption from derivatives regulation for non-financial companies, which is stricter in Dodd’s bill.) Mostly, he just encouraged them to press ahead, emphasizing the win-win dynamic at work. If Republicans dig in, the president argued, that’s a fight he’d welcome. (Administration officials have seen polling suggesting that the public will assume Republicans are carrying Wall Street’s water, regardless of their arguments.) And if Republicans want to join in the effort to rein in Wall Street — well, no one at the White House would turn down a big, bipartisan victory.
Also, props to Scheiber for titling his piece "Regulators, Mount Up." Don't get it? Watch the YouTube clip.
March 26, 2010; 5:50 PM ET
Categories: Financial Regulation
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