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Scott Brown Will Vote for Dodd-Frank Bill

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By Doug Powers  •  July 12, 2010 03:01 PM

**Written by guest-blogger Doug Powers

I wish Scott Brown wouldn’t feel the need to ask himself “what would Teddy do” before deciding how to vote. Brown is saying he’ll go along with the Democrats on the Dodd-Frank financial regulation bill:

Massachusetts Sen. Scott Brown said on Monday that he will support the financial regulation overhaul, becoming one of the Republicans needed to moved one of the Obama administration’s key pieces of legislation into law.

Brown had announced that he would oppose the compromise bill that had been negotiated by the House and Senate, but shifted his support after bargainers went back to the table and restructured about $19 billion in payments that was opposed by banks in Brown’s state. A final Senate vote could come this week.

“I appreciate the efforts to improve the bill, especially the removal of the $19-billion bank tax. As a result, it is a better bill than it was when this whole process started. While it isn’t perfect, I expect to support the bill when it comes up for a vote,” Brown said in a prepared statement.

Brown joined Sen. Susan Collins of Maine as two crucial Republican votes for the legislation.

I knew we were in trouble when Brown started bicycling with John Kerry. Fittingly enough, Brown was against Dodd-Frank before he was for it. Francois has taught his student well.

This is the same bill about which Chris Dodd, one of its authors, said “No one will know until this is actually in place how it works.”

We have to pass it so we know how it works? I want to get these slimy jerkweeds on an airplane, lock them in, tell them the plane was manufactured by a bunch of guys with a history of shady dealings and zero experience in aeronautics, tell them “nobody knows if this will work until we’re airborne” and see how many of these worms wet themselves when the plane starts taxiing down the runway.

Chris Dodd and Barney Frank — two of the many reasons we’re in such financial trouble — are also the architects of the effort to “fix” the problem. “Hope & Change!”

Thanks for going along with it, Senator Brown, but it’s nothing that Marcia Coakley, or Ted Kennedy for that matter, couldn’t or wouldn’t have done.

**Written by guest-blogger Doug Powers

Twitter @ThePowersThatBe

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