The "halo effect" is back.
Posted on 04/22/2010 8:37:00 AM PDT by richardb72
If President Obama's financial regulations are adopted, there will be fewer loans, credit will be more costly, and individuals will face more risk. Obama argues today that his reforms are necessary to prevent "a second Great Depression" from occurring, but he does nothing to fix what the government did. Nothing is done to reform Fannie Mae and Freddie Mac, despite their problems with fraud and costing taxpayers $400 billion in bailouts. Nothing is done to change government regulations that force banks to make risky mortgages.
The powers that would be given to the president and the Federal Reserve are unprecedented. The bill gives the government the power to regulate the capital, liquidity and permissible activities for a long list of firms, including securities firms, insurance companies, bank holding companies, hedge funds, finance companies as well as others. The government will be also able to limit the size of these companies.
The president claims today that he "believe(s) in the power of the free market." Yet, he is constantly demonizing companies. Even liberal New York City Mayor Michael Bloomberg warned: The bashing of Wall Street is something that should worry everybody. According to Obama, there is "an ethic of greed, corner cutting, insider dealing, things that have always threatened the long-term stability of our economic system." In contrast, for government, Obama identifies its only failure as not doing enough regulation, not doing enough to control companies.
The regulations demonstrate that the president ignores or doesn't care to know how markets operate. . . .
(Excerpt) Read more at foxnews.com ...
He wants your soullllllll! (you need to see ‘Big Trouble’ to get the reference).
The only thing he's ever run is his mouth.
Mute him. Rush is on!
He speaks posselmouth, that’s why. /sarc
One of the Gulf states?
He’s talking about a crisis due to not following rules...yet he appoints Geitner, who didn’t pay his taxes. He speaks with forked tongue.
On the radio (Rush radio, no less), the local newsreader said the drop was due to continued concerns over Greece.
I have...difficulty with their assessment.
He’s someone who doesn’t know what he doesn’t know, or what he thinks he knows. He is not much different than a cocky recent college grad who thinks he understands everything and knows more than anyone else. He also is unable to ‘see’ things accurately because he is looking at them through very simplistic ideological glasses.
Obama is a Marxist idiot.
Blood pressure going down now..
“They sound like a bunch of college kids.”
That’s because that is essentially what they are. They’ve never matured beyond that, and their knowledge base is just as deficient. What a pathetic bunch.
FUBO!
Good! Rush is on a roll about this now!
The "halo effect" is back.
Obama is an empty suit who reads what's on his teleprompter and doesn't have a clue what he is actually saying.
He's really dumber than a door knob.
You can hear in his voice he's really unsure of himself . . . until he starts talking about regulations, government control, etc.
The scowl on his face negates the halo.
Interesting. Obama gets the "halo" and Pres. Bush gets "snipers wanted". ... but I'm sure it's all just a big coincidence. (I don't need a sarc tag, do I?!)
I see this as also a ploy to position the GOP as being in favor of greed and reckless Capitalism.
The GOP should hammer the Left and point to the Liberal initiates, like CRA, that facilitated sloppy mtg practices, and ultimately the meltdown.
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