Dems play up concerns about how GOP would handle financial reform

Democrats launched an offensive Friday to play up voters' concerns about a Republican return to power this fall by releasing a new Web video.

The Democratic National Committee (DNC) released a new Web video seizing on remarks by top Republicans criticizing Wall Street reform legislation that President Obama signed into law this week.

The video features remarks by House Minority Leader John Boehner (R-Ohio) and Minority Whip Eric Cantor (R-Va.) criticizing Wall Street reform as an overreaction, as well as National Republican Congressional Committee (NRCC) Chairman Pete Sessions's (Texas) comment last weekend that GOP rule would return Congress to the "exact same agenda" Republicans had sought when they were last in charge.

"Given Republicans’ knee-jerk partisanship and obstruction, it’s not surprising that they would label legislation that takes bold steps to reform our financial system and puts consumers back in control of their finances an ‘overreaction,’" said DNC spokeswoman Brandi Hoffine. "I’m sure it’s a shock to their systems."

The video more or less amounts to a victory lap for Democrats on the new financial industry regulations after they shepherded the legislation through the House and Senate over the past few months. It also reflects a sense among Democrats that the legislation will be a political boon going into the fall's midterm elections.

"Only those longing for the fat-cat days of the Bush administration that allowed the super-wealthy to get wealthier at the expense of the middle class would call Wall Street reform an ‘overreaction,'" said Hoffine.


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