Posted on 03/03/2010 11:54:47 PM PST by American Dream 246
Don’t be naive to how DC works. Corker has succeeded in moving the Independent consumer group inside the Fed, where it will not be independent.
It’s a huge win against the Left.
In one move Corker neutered their new attack group.
Please can you explain? Thanks :-)
As an independent group, the new consumer agency would have its own funding...and no bosses. It would be free to attack banks unless banks made loans to the right PC groups, for example.
But under the Fed, the new consumer agency has a boss...the Fed Reserve Board...and depends on Fed funding. The Fed Reserve Board is staffed by...bankers.
Now the new consumer group is no longer free to make unlimited attacks on bankers.
Well, if this a good news, then I will take it...You seem to know a lot. Thank for the explanation :-)
How is the Fed protecting banks (other than throwing money at them) these days?
A consumer protection agency under the auspices of the wolves? Yep, I see it as a real winner for me. /s
Exactly what formidable protections do we need?
Honestly, putting my purchases, of anything, under Fed control is not something I see as positive.
We need politicians who understand the direction this country needs to move is away from more government, not toward it. That is the bottom line. We HAVE to get away from this RINO “We have a BETTER way to more goummint BS.”
stop the madness, stop putting stuff in breaking news that isn’t breaking news!
Ah, I thought the Federal Reserve was a private organization?
I think you have that right, but this issue needs to be discussed at a lower level.
Any new government agency that costs taxpayers more money is not a “win against the Left.”
The GOP game plan is to use health care as its emotional drawing point for conservatives while caving and cutting deals on other issues.
I always wondered why the Federal Reserve Chairman was appointed by the President and approved by the Senate for a body that calls itself independent of Government.
Quasi-governmental, LOL!
The Fed is indeed staffed by bankers: fat-cat bankers from Goldman, Morgan, and Citigroup. These are the same guys that created this mess in the first place by enthusiastically supporting CRA, sub-prime loans, leverage, risk, CDO’s, and the like.
The big banks got their bailout while 200 (and counting) small and mid-sized banks were destroyed - often to be swallowed up by the big boys at fire-sale prices.
The solution to this problem is simple: the government should explicitly and irrevocably state that no financial firm will ever be bailed out ever again, then set very broad parameters for the industry (what Milton Friedman would call rules for the game) which will reduce risk, then get out of the way.
These rules should begin with stringent capital requirements to reduce leverage and the elimination of government meddling in the housing market (CRA, Fannie, Freddie).
For Republicans to support a new rule-making beuracracy simply worsens the problem while giving the Dem’s political cover and ignoring their role in the crisis.
“Federal Reserve Chairman was appointed by the President and approved by the Senate”
I’ve wondered if it’s like the British queen gives parliament authority - she doesn’t actually have a choice & it’s purely ceremonial.
Also the Chairman does what he’s told by the money anyway.
NEWSFLASH! The Left controls the government today. You seem to not realize that they can do what they want.
That Corker was able to shift their new attack agency from being independent to being under the control of bankers is as big of a win as the Right was ever going to get on this matter, at this time in the political power-battle.
Corker was what we got when we split the vote between 2 conservatives, when the least popular one refused to drop out. Call his office, give them an ear full.
OBAMANOMICS—TRICKLE DOWN DESTRUCTION of the economy
Bambi doesn’t keep his promises...so buyer beware!
SET THEIR LOCAL AND DC LINES ON FIRE!
PLEASE ASK THEM TO REPEAL THE BIG NEW FEES in TRICARE for Life, the retired Military over 65 secondary health ins. which they passed in a DOD bill. They promised our Military these benefits, and our Military have earned them.
Sen Scott Brown’s number is 202-224-4543
Capitol Hill switchboard is 202-224-3121
Lots of local demwit phone numbers on this thread
http://www.freerepublic.com/focus/news/2408217/posts
Rename, repackage, rewrite it a tad smaller, and sell another pig in a poke. NO COLAs for granny, retired Military or retired fed employees. BIG NEW fees for Tricare for Life retired over 65 Military’s secondary health ins. (DOD bill already passed, delayed but goes into effect 2011 NEEDS TO BE REPEALED!
OBAMA’s WAR ON SENIORS http://www.freerepublic.com/focus/f-news/2433867/posts/
New Dem mantra: Woof, woof eat dog food granny....ala let them eat cake.
Obama says slight fix will extend Social Security, http://townhall.com/news/us/2010/02/19/obama_says_slight_fix_will_extend_social_security
Health Care Rationing for Seniors Another Problem in New Obama Plan http://www.lifenews.com/bio3058.html
Medicare tax may apply to investment income (ObamaCare tax hike)
http://www.freerepublic.com/focus/f-news/2460988/posts
Obama: No reduced Medicare benefits in health care reform
http://www.cnn.com/2009/POLITICS/07/28/obama.health.care/index.html
Will healthcare reform mean cuts in Medicare for seniors?
http://www.csmonitor.com/USA/Politics/2009/1017/will-healthcare-reform-mean-cuts-in-medicare-for-seniors
Health Reform’s Hidden Victims Young people and seniors would pay a high price for ObamaCare.
http://online.wsj.com/article/SB10001424052970203517304574306303720472842.html
SOCIALIZED MED THREAD http://www.freerepublic.com/focus/f-news/2463709/posts
MILITARY & retired Military
TRI CARE FOR LIFE This from a google search:
http://economicspolitics.blogspot.com/2009/05/tricare-for-life-is-obama-trying-to.html
This option would help reduce the costs of TFL, as well as costs for Medicare, by introducing minimum out-of pocket requirements for beneficiaries. Under this option, TFL would not cover any of the first $525 of an enrollee’s cost-sharing liabilities for calendar year 2011 and would limit coverage to 50 percent of the next $4,725 in Medicare cost sharing that the beneficiary incurred. (Because all further cost sharing would be covered by TFL, enrollees could not pay more than $2,888 in cost sharing in that year.) http://www.cbo.gov/ftpdocs/99xx/doc9925/12-18-HealthOptions.pdf
Bill Would Restrict Veterans’ Health Care Options 11/06/09
Buyer and McKeon Offer Amendments to Protect Veterans and TRICARE Beneficiaries
http://www.vawatchdog.org/09/hcva09/hcva110609-1.htm
Congress plans to block Tricare fee increases
http://www.armytimes.com/news/2009/10/military_tricarefees_blocked_100709w
http://www.navytimes.com/news/2009/10/military_tricarefees_blocked_100709w/
By Rick Maze - Staff writer, Oct 7, 2009
Tricare fee increases imposed last week by the Defense Department will be repealed by a provision of the compromise 2010 defense authorization bill unveiled Wednesday by House and Senate negotiators.
The fee increases were announced on Sept. 30 and took effect on Oct. 1, but the defense bill, HR 2647, includes a provision barring any fee increases until the start of fiscal 2011.
Retired Army Maj. Gen. Bill Matz, president of the National Association for Uniformed Services, said the announcement of fee increases was shocking considering that the Obama administration promised earlier this year to hold off on any new fee Tricare fee increases until fiscal 2011.
“President Obama and DoD assured NAUS and the entire military family earlier this year that there would rightly be no increases in any Tricare fees” in fiscal 2010, Matz said. “We took them at their word, and I can’t believe that a co-pay increase like this was allowed to go forward,” he added.
Corker is a snake-in-the-grass
Corker is a snake-in-the-grass
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