April 27th, 2010
03:31 PM ET
12 years ago

Liberal group targets Democrat on financial reform

Washington (CNN) – A liberal advocacy group is taking aim at Sen. Ben Nelson, D-Nebraska, for voting "no" Monday on the Democratic leadership's financial regulatory reform bill.

Angry by his decision to side with Republicans on this vote, the Progressive Change Campaign Committee announced Tuesday that it is running Internet ads on Nebraska news sites against Nelson.

While his vote was not decisive in stalling the legislation, it does provide the GOP with a key talking point that there is bipartisan opposition to the bill.

Nelson sought to explain his vote "no" vote by saying that it doesn't mean he is opposed to the bill, rather he just wanted to read the legislation first.

"I cannot support proceeding on a bill I haven't seen, but no one should view my vote today as an indication that I won't support the bill currently being negotiated by the Banking Committee," Nelson said in a statement Monday after the vote. "I look forward to seeing what the Committee develops on a bipartisan basis with Republicans, then I will have something concrete to consider. We need to regulate Wall Street without doing harm to Main Street, and I'm hearing from Main Street businesses in Nebraska that have concerns about the current bill adversely impacting them."

This is not the first time that PCCC has targeted Nelson. It ran television ads last year to try and pressure him to support health care reform.

"Democratic politicians need to understand that even in socially conservative states like Nebraska, economic populism is a big political winner," said PCCC co-founder Adam Swartz. "Ben Nelson's vote with Wall Street and for the continuation of taxpayer bailouts is a huge political loser and we're going to make sure he learns that lesson. Hundreds of thousands of Nebraskans will see our ad shaming Ben Nelson."

A spokesperson for PCCC says that for every $1000, the group can reach 100,000 people in Nebraska online. In the first couple hours of online fundraising today, the group claims that they raised $5,000.

Filed under: Democrats • Wall Street
soundoff (28 Responses)
  1. GuyinVA

    Read the legislation first?!?!? Are you insane Senator?!? This is Washington, for Pete's sake. You have to pass it before you read it. Pass it, so we the little people can find out what's in it. Get with the program Senator.

    April 27, 2010 04:51 pm at 4:51 pm |
  2. Bob in PA

    It's more of the behind the closed door antics by the Socialist wanna be Communists hiding in the Democratic party. The only thing they want is to sneak this thing through that does nothing to eliminate the problem and gives Obama and Geitner the power to takeover a financial company.

    April 27, 2010 05:03 pm at 5:03 pm |
  3. chill

    You weren't being asked to vote for or against the bill, just to BEGIN debate on it. If, when you got around to reading it, you didn;t like it, you could always vote to filibuster to stop debate and vote. Or simply vote now like the Senate used to do when it functioned. Has this guy ever voted for an Obama initiative?

    April 27, 2010 05:04 pm at 5:04 pm |
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