Alexander: Democrats Are Becoming “Party of No: No Amendments, No Debate, No Checks and Balances”

Says Senate Should Continue Work on Bipartisan Financial Regulatory Reforms

Posted on April 26, 2010

WASHINGTON – U.S. Senator Lamar Alexander (R-Tenn.) made the following remarks on the floor of the U.S. Senate today in advance of his vote against the motion to proceed to the Financial Regulation bill:

 

  • “We’ll be voting at 5:00 this afternoon on a motion by the Majority Leader, and I can almost hear him now saying something about the ‘party of no’ as we talk about the financial regulation bill. I would say to my friend the Majority Leader that he’s rapidly becoming the leader of the ‘party of no’ by offering so many ‘no motions.’ The vote this afternoon is one more of a record number of ‘no motions’ offered by the Majority Leader saying no to more amendments, no to more debate, and no to checks and balances on a runaway government in Washington.”

 

  • “He’s got the record in saying no to more amendments, no to more debates, and no to more checks and balances on what the Congress is doing: 141 times the Majority Leader has filed cloture on the same day a measure came up—that’s simply another ‘no motion.’  It says no to more amendments, no to more debates, no to more checks and balances on the legislation that Congress is considering.”

 

  • “This should be a different situation; it’s a very important bill. It’s the financial regulation of this country—this country that produces 25 percent of all the money in the world every year. Twenty-five percent of the wealth is created by this country for those who are privileged to live here.  One would think that we would be as careful as we could in getting this done. For a long time on this bill, many members of the Senate on both sides of the aisle have been working on it carefully and in a bipartisan way. So why would we bring another one of these record-setting ‘no motions’ up today to vote on?”

 

  • “I’m here today simply to say this—this is a piece of legislation that presents President Obama and our Congress with an historic opportunity to do something right . . . when the country sees that, they’ll have more confidence in us, in this government, in this economy—and the world will, too. We’ll have taken an important step forward, and the president will be able to say, ‘Look, this is the way I wanted to do it all along. This is what I campaigned on and I’m glad that we worked together to get 70 or 80 votes in the United States Senate to get a consensus on a financial regulation bill to get this country moving again.’”