April 27th, 2010
07:51 PM ET
12 years ago

Obama calls out Republicans over Wall Street reform

Ottumwa, Iowa (CNN) – Saying Republican senators are preventing a legislative debate the American people deserve, President Obama called out the GOP at an Iowa rally Tuesday.

"The American people deserve an honest debate on this bill." Obama told the crowd. "You should not have to wait one more day."

For the second time in as many days, Senate Republics blocked efforts Tuesday to move the debate forward on a financial reform bill because, in the GOP's view, there needs to be more focus on making sure there are no loopholes for banks to be "bailed out" in the future.

Before the Iowa crowd, the president took issue with Republicans' united front.

"Senate Republicans unanimously blocked efforts to even begin debating reform," Obama said. "They won't let it [the bill] get on the floor to be debated. It's one thing to oppose reform, but to oppose just even talking about reform in front of the American people and having a legitimate debate? That's not right."

Filed under: GOP • President Obama • Wall Street
soundoff (40 Responses)
  1. Right Leaning Independent

    Yeah, like the honest health care debate! I can not see how Obama can say that with a straight face! Hypocrite...

    April 27, 2010 08:49 pm at 8:49 pm |
  2. Shelly

    The GOP is nothing but a Party for the corporations and the wealthy. They really have a problem if they think stalling financial regulation will not be noticed. Because the American people can see with complete clarity that they are ON the side of the big profit making business and NOT on the side of the American people, who have suffered at the hands of these same unscrupulous companies.
    And now the GOP want BACK ROOM talks and deal.....they have lost it!

    April 27, 2010 08:50 pm at 8:50 pm |
  3. Beverly H Tatum

    President Obama is right to expose Republican hypocrisy. We can plainly see that Republicans are standing with the corrupt banks who almost brought down our financial system. Republicans won't even debate re-regulating the out-of-control banks unless Democrats agree to only do it behind closed doors!

    I thought Republicans were for transparency – they are such a sick joke and nothing but traitors to the American People. It's time for YOU and I to take back Congress from the do-nothing, lying, hate-filled, racist, fear-mongering, anti-American Republicans.

    They have no leadership, no solutions to offer, and only negativity and obstructionism to offer. Who needs worthless non-servers of the People???

    Stand with the Democrats who have been working hard for us all year. Every piece of legislation passed has been people-focused and has worked to turn all our economic indicators into the positive. It's time We the People were the priority and you only get that with from the Democrats. What has a Republican done for YOU?? NOTHING!

    April 27, 2010 09:07 pm at 9:07 pm |
  4. Eddie B.

    Our government is clearly broken. For the Republicans to be able to block debate on a bill with a minority vote is insane. They clearly are obstructionists and do not want the American people to hear the truth.

    April 27, 2010 09:10 pm at 9:10 pm |
  5. Frank in valparaiso indiana

    Tie all the GOP salaries to how wall street does. Another screw up, they're liable, no pensions, no salary.

    April 27, 2010 09:13 pm at 9:13 pm |
  6. JL

    I recall a few months back, a certain political party calling for "transparency" during the healthcare debate. I wonder where those members had gone?

    April 27, 2010 09:19 pm at 9:19 pm |
  7. dennis

    Obama won't rest until he and his administration is the President and CEO of every company in the US, and are in control of every sector of our economy, and secure 50 million new Democrat voters who are totally dependent upon the US Treasury for housing, food, finance, and medicine, but will vote in Democrat Monocracy.

    April 27, 2010 09:20 pm at 9:20 pm |
  8. sssimon

    This is great – the filthy Republican Pig Party refusing to open debate on a bill to reform Wall Street as Goldman-Sachs executives are being grilled for the fraud they commited against the American people.

    Looks good on you, nazi party.

    April 27, 2010 09:20 pm at 9:20 pm |
  9. Hammerer

    And the Republicans say that an honest debate is what they are holding out for.
    Honesty is an unknown trait in Washington.
    Obama called Obamacare an honest debate and we all know how that went. This is more of the same..
    Time to replace the whole bunch!

    April 27, 2010 09:21 pm at 9:21 pm |
  10. File under "Sarcasm"

    Can you say demagog? or banana republic? cause that's where this is heading.

    April 27, 2010 09:24 pm at 9:24 pm |
  11. gary

    Go Barack Go!

    April 27, 2010 09:26 pm at 9:26 pm |
  12. rich

    Look at this. Look at what they make you give.

    April 27, 2010 09:33 pm at 9:33 pm |
  13. CitizenJP

    I think if the party of "NO" does not relent to President's Wall Street Reform bill, then it might face significant exinction during the mid-term elections. America will conclude that the GOP is out of touch.

    April 27, 2010 09:36 pm at 9:36 pm |
  14. Anonymous

    You go Mr. President. We are tired of theses looney repos. Let's have a debate before we shoot this bill down . Most intellegent people would agree to that.

    April 27, 2010 09:38 pm at 9:38 pm |
  15. helpontheway

    Once again CNN need's help . Sen Ben Nelson D -Neb also voted no. Gezzzz, and you wonder why no one watche's u. Your as corrupt as America's politicians

    April 27, 2010 09:38 pm at 9:38 pm |
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