Posted on 07/21/2010 2:30:35 PM PDT by jackspyder
WASHINGTON Reveling over a new milestone in his presidency, a triumphant Barack Obama on Wednesday signed into law the most sweeping overhaul of lending and high-finance rules since the Great Depression, adding safeguards for millions of consumers and aiming to restrain Wall Street excesses that could set off a new recession ...
(Excerpt) Read more at news.yahoo.com ...
Is this a press release or a report? Oh, my!
No bias here. Move along.
We will be finding out just how much this helps us in the next few months. What we have heard so far doesn’t inspire confidence.
No need to wait.
We’re screwed.
Dollars to donuts he has not seen the bill, let alone read it. Most of the legislators who voted FOR it did not have a final copy and could not have read the bill.
America will repeal the bill. It is that bad.
This Congress must be ejected from Washington and exiled to progressive countries in Eastern Europe while we clean up their mess.
So who’s running the pool? Perhaps of the first company that goes down because of the rules. Perhaps also the first industry that shows an X percent decline because of the rules.
The Man makes morons look promising.
Even as these systems and schemes fail, all they do is scream and state that if we only take it to an ever greater scale, that eventually it will work.
A story told to me by a Yugoslav many years ago who was successful and working out of Italy (This is his analysis of socialism): “A state worker buys widgets at $2 a piece and buys a truck to move them to town where he sells them at $1 a piece. At the end of the month he realizes he's short money. He of course comes up with the most logical conclusion, we need two trucks!”
The ONLY answer we hear from Washington, from the administration, from a liberal media is “more government” to any problem. All their talk about private enterprise, eutrapeneurship, etc is lip service. Every single action, has been about more rules, new agencies, more government side spending......etc.
It is getting to the point that to save the nation and instantly undue all the legislation that Barack and the Commucrats have burdened us with, we will have to use the courts to declare that he was never eligible.
sorry, undo not undue
I think you’re right. Everything he has done is invalid since he did not meet the qualifications for POTUS.
They do not play by our rules.... we need to press our new leadership from November on to prosecute these criminals to the fullest extent of the law. Here we sit once again with our mouths wide open in disbelief as they run another nail in America’s coffin.
The strangulation of freedom doesn't end.
You could get a job writing for 98% of every media outlet—network OR local news.
- some old document
This bill was used to get unions more control of companies, and to get minorities and women more jobs where they can never be fired. Publicly traded companies will need to allow the unions and enviro groups to seat their members on the boards of said corporations. Also an enlarged staff at SEC, CFTC and the Fed stuffed with faithful and deserving Democrats selected by Chicago style patronage. I can't wait for the minions of Sheila Jackson Lee to be seated on the Board of _______ [you fill in the blank]. God help us.
The bill will punish businesses that are not unionized. That's the purpose of this bill. Now that's change that we can believe in -- NOT!
This DC dog and pony show is getting boring. The Obama administration has done nothing to investigate and prosecute those who were engaged in illegal activities during the bubble years. This picture of Frank and Dodd congratulating everyone on the 'reform' is f'in unbelievable! The two biggest culprits in the original damage to the economy. Why are these men not in jail?
Welcome to Marx-o-nomics.
We're in deep, deep economic trouble. And these liberals are going to friggin' sing and dance along, all the way, as they dance off a cliff.

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