Tags: barack | obama | finance | reform | bill

Obama Gloats: GOP ‘Backed Down’ on Finance Bill

Sunday, 23 May 2010 10:19 AM

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President Barack Obama was gloating Saturday when he sent out a personally signed e-mail to his campaign e-list with the subject line “They backed down.”

“They” are several members of Republican caucus in the U.S. Senate.

Obama’s regulatory finance bill passed the Senate Thursday with four Republican senators crossing the aisle to join with Democrats.

Obama told his online supporters, now organized under the Democratic Party’s “Organizing for America” project, “When opponents in Congress tried to block the legislation altogether, you stood up -- and they backed down.”

Despite the Senate win, Obama claimed that Wall Street and others are still fighting to stop the bill, which needs to be reconciled with the House version.

Obama also made the fantastic claim that opponents had spent “$1 million per member of Congress” to lobby against the bill. If true, opponents would have spent a staggering $535 million to stop his bill.

In the letter, Obama encourages supporters to “please donate $5 or more today” to help mobilize thousands to counter the “special interests’ attacks.”

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