ObamaBailout 2.0

The Senate has failed to invoke cloture on S.3217, Restoring American Financial Stability Act of 2010, by a 56-42 vote today (60 votes needed to shut off debate). This is the third failed cloture vote in 3 days and sources close to the negotiations tell me that opponents of permanent bailout authority for the federal government are “hanging on by a thread.” My employer, The Heritage Foundation has put out an excellent video that educates as to the content of the legislation.