As Republican presidential candidates push for House GOP leaders to repeal the 2010 Wall Street reform law, politicians like John Boehner (R-Ohio) face a difficult decision: Follow party wishes or follow political common sense. Dodd-Frank may not be popular in Republican camps, but it is supported by a larger segment of the population than the President’s health care reform legislation. It is also a complex piece of legislation that is a good deal harder to explain to voters.
By and large, Republican leaders like Boehner support, if not a repeal of the law, certainly a revamp. But none have made it a priority.
This isn’t sitting well with party presidential candidates. During Tuesday’s night’s presidential debate, it was clear that party members like Newt Gingrich and Michelle Bachman would not be satisfied with anything less than a full repeal, putting current lawmakers under fire as they struggle to find a solution that will uphold their party’s interests and appeal to voters.