Politics: Financial reform: It has huge rewards for Obama – later on
- It will have relatively little positive effect on 2010. It’s something Obama can take to the voters in 2012.
- Rutgers University political scientist Russ Baker • Noting the limited political windfall financial reform will have for Obama in the near-term. On top of the complexity of the 2,300-page bill itself, it’s something where the benefits will have to touch consumers before it becomes clear how important the bill is. “It will be a long time before people get a sense that somehow their debit cards are better protected than they were before financial regulation reform was passed,” Baker said. source