U.S. Senate Republican Leader Mitch McConnell said on Tuesday that a Democratic bill to revamp regulation of the financial industry must be revised to win support from his side of the political aisle.
"It's a long way from being ready to go forward on any bipartisan basis," McConnell told reporters after Senate Republicans were briefed on the massive measure drafted by Senate Banking Committee Chairman Christopher Dodd.
McConnell denounced the Dodd bill, saying like pending healthcare legislation, it is another proposal that "seeks to re-work a major part of our country."
Citing public opinion polls, McConnell said: "The public is saying to all of us: 'Quit passing 1,000-page bills (and) concentrate on trying to improve the economy.'"
Note to Mitch: Things need to be significantly changed. Where were you the last eight years? Hell, where were you last September. There's a kind of nihilistic quality to Republicans, but maybe it's nihilism in a classist sense. "I'm rich and doing just fine, so stop changing shit." Thanks Mitch.
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