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Early Morning Swim: Rachel Maddow Talks Financial Reform with Paul Krugman

The Shrill One:

Talking Points Memo reports that Democrats are largely unprepared for the possibility that Republicans will filibuster financial reform.

Is this really possible? I’m afraid it is. My own conversations with administration officials over the past few weeks have given me the sense that they were quite sure that FinReg wouldn’t be like health care — and that they didn’t seem to take seriously those (including me) who thought they were taking too much for granted.

I have a theory about the problem here. My understanding is that Obama officials have looked at the polls, which show that the public overwhelmingly favors cracking down on Wall Street; so they assumed that the GOP wouldn’t dare stand in the way. But they seem not to have learned, even now, that the right has an awesome ability to create its own reality: that Mitch McConnell et al would stand in the way of reform while claiming to be taking a stand against Wall Street.

Lucy and the football, indeed.

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