Bill to overturn UIGEA being amended, says Gambling911

[The Buzz]

And here's a story from the Las Vegas Review Journal.

http://www.lvrj.com/business/21712069.html

Interesting note here ...

The vote came as a surprise since support for the Internet gambling ban largely was muted in the committee's previous hearings.

When the committee clerk announced the 32-32 tie, the audience oohed and aahed.

...

Rep. Barney Frank, D-Mass., the committee chairman who supported King's amendment, then called for a voice vote on the underlying bill to prohibit new regulations on Internet gambling.

Although there were a number of yea and nay votes heard, Frank said the bill was defeated.

[wallstreeterww]

But it looks like the bill came close to being passed. Why cant our government realize that its to the governments and the peoples interest if this bill passes. The government can cash in on gambling taxes and that money could be used to kickstart our economy again. Heaven knows we could use a kick.

[The Buzz]

The Huffington Post, a conservative blog, details how this amendment was defeated. The difference was that the religious right demanded that the Republicans vote against the amendment, and the Republicans on the committee complied, voting 28-3 against the amendment.

In other words, the leading economically conservative organizations and representatives of financial institutions who are argued that the proposed regulations would interfere with the functioning of our financial system had the support of less than 10% of the Republicans. 90+ % of the Republicans voted along with the social conservatives to maintain the position that the federal government should be restrictive of individual choice in the matter of gambling and should compel the banks to be the banks to be the enforcers.


I regret the fact that this became partisan. I was hoping that it wouldn't be, and I have been working closely with some of those most dedicated to economic deregulation of the appropriate sort.


But it became partisan because the religious/social extreme conservatives continue to be in control of the Republican Party on a whole range of issues, and they demonstrated once again that it is they and not those dedicated to what they believe are free market principles who have the upper hand in internal Republican Party disputes.

http://www.huffingtonpost.com/rep-ba..._b_109650.html