TPMDC Saturday Roundup

October 23, 2010 9:40 a.m.

Obama Blasts Republicans On Financial Reform
In this weekend’s YouTube address, President Obama criticized Republicans for wanting to repeal financial reform.

“Our economy depends on a financial system in which everyone competes on a level playing field, and everyone is held to the same rules – whether you’re a big bank, a small business owner, or a family looking to buy a house or open a credit card,” said Obama. “And as we saw, without sound oversight and common-sense protections for consumers, the whole economy is put in jeopardy. That doesn’t serve Main Street. That doesn’t serve Wall Street. That doesn’t serve anyone. And that’s why I think it’s so important that we not take this country backward – that we don’t go back to the broken system we had before. We’ve got to keep moving forward.”

Thune: ‘When You’re Speeding Towards A Cliff,’ Don’t Keep The Car In Drive
In this weekend’s Republican address, Sen. John Thune delivered a pre-election message against the Democrats, on such issues as jobs, health care, financial reform, spending and taxes.

“A new direction is needed,” said Thune. “The president likes to say that when you want to drive forward you put your car in D, and when you want to go in reverse you put it in R. It’s a clever line, but when you’re speeding toward a cliff, you don’t want to keep the car in drive. Republicans want to reverse the dangerous course the Democrats have us on.”

Obama’s Day Ahead
President Obama will depart from Las Vegas, Nevada, and arrive at 3:50 p.m. ET in Minneapolis, Minnesota. He will deliver remarks at a rally at 4:35 p.m. ET, and speak at a DCCC dinner at 6:30 p.m. ET. He will depart from Minneapolis at 7:15 p.m. ET, arriving at 9:25 p.m. ET at Andrews Air Force Base, and back at the White House at 9:40 p.m. ET.

McConnell: ‘America Is Not Interested In Becoming France’
Speaking Friday at a West Virginia Republican Party dinner, Senate Minority Leader Mitch McConnell declared that President Obama is “trying to turn us into a Western European country as rapidly as they can,” CNN reports. He also added: “What we can fairly conclude, even before the votes are counted on November 2, is that America is not interested in becoming France.”

Bill Clinton Races To Help Democratic Candidates
The Associated Press reports: “Bill Clinton, out of the Oval Office for nearly a decade and once considered a political liability, is campaigning for Democratic candidates at a pace no one can match, drawing big crowds and going to states that President Barack Obama avoids. If the Republican wave on Nov. 2 ends up a bit weaker than many now predict, at least some of the credit will have to go to the former president, the most sought-after surrogate for dozens of anxious Democratic congressional and gubernatorial nominees.”

Tightening Senate Races Give Pause To Upbeat GOP
The Associated Press reports on Senate races getting closer across the country, such as in Pennsylvania: “The Sestak-Toomey race mirrors other Senate contests that are making this one of the most intriguing and unpredictable midterm elections in years. Just as in Nevada, Colorado, Kentucky, and perhaps Alaska and Connecticut, each candidate is an accomplished but imperfect politician, and the tea party movement is playing a big but uncertain role.”

Backing GOP, Business Leaders Stop Short Of Repeal Of Dems’ Agenda
The Hill reports: “Though in favor of Republicans taking control of Congress, business leaders are not looking for GOP lawmakers to turn back the clock on the Obama administration’s agenda. A new poll by FTI Consulting shows that a small majority of the business community — 53 percent — would want new Republican majorities in Congress to find compromise with the White House rather than repeal the Democrats’ major initiatives, such as the healthcare and financial services reform bills. “

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