Skip to comments.Home Depot's Bernie Marcus Calls Dodd-Frank Regulations The "Bonnie & Clyde Bill"
Posted on 09/16/2011 7:53:47 AM PDT by Maelstorm
The Dodd-Frank Act goes on for 2,319 pages. Like Nancy Pelosi's "pass it to find out what's in the O'care Bill" statement, Senator Dodd said, "No one will know until this is actually in place how it works. But we believe we've done something that has been needed for a long time. It took a crisis to bring us to the point where we could actually get this job done." The Wall Street Journal reported on July 14, 2010, just one week before Obama signed Dodd-Frank into law that it will "unleash the biggest wave of new federal financial rule-making in three generations." It will require "no fewer than 243 new formal rule-makings by 11 different federal agencies." Regulation, of course, is what failed last time. The Fed had their people in the banks watching every day as the banks turned into casinos, and now we have Congress abnegating its constitutional obligation with their punting to regulatory agencies.
Don't say the writing wasn't on the wall for Dodd-Frank. Don't say it wasn't there for Mr. Hopenchange either.
(Excerpt) Read more at townhall.com ...
The irony of this is that we have a President with the arrogance to be peddling a POS spending bill wanting to waste another 1/2 trillion dollars while he and his Democrat cronies are responsible for pushing through two of the biggest job killing pieces of legistlation this country has ever seen. Businesses have had a double whammy of Obamacare and this Frank-Dodd bill thrust on them. Also we have a third assault by the EPA even though Obama rescinded some minor Ozone rules the worst rules proposed are still on the plate to be immplemented.
People need to wake up and stop letting the President play these "jobs bill" games. This man is setting up an end of the economic world senario and I fear he may believe that is his only way to win.
If you asked most Americans to buy an expensive product so they can find out what it does they’d look at you as if you had three heads. Yet, large numbers seem to be perfectly happy to let their government operate that way.
you’d think some of our pubie party would speaking and educating the public about it.
......”I didn’t even pay enough attention to this but we had all better because this next year the regs coming out of this have the potential to send a bad situation with the economy into apocalypse mode.”
Wondering as this entire “governing” scenario under Obama is so extremely anti American, so completely out of whack with the past, so extremely bizarre if anybody actually believes what is happening?
Home Depot is so far into the LGBT lobby’s pockets it is disgusting. I am surprised they know what is right or wrong.
...and exactly how many major companies are “in the pocket” of Al Sharpton/Jesse Jackson?
That LGBT shakedown of Home Depot isn’t really much but the pervert extension of Al & Jesse’s favorite gig.
And no, I don’t work for HD. I just don’t happen to like con jobs or having the victims suffer because of them.
I also don’t care much for self-righteous idiots. You can take that any damn way you like.
This is all that needs to be said, because this sums up the entire concept of "central planning."
To paraphrase Dennis Miller, "These guys can't pave the f*****g roads!" Yet they BELIEVE that they're going to be able to run every aspect of the medical system, the financial system, and our personal lives.
If history has proven anything, it's that whenever the government gets involved in industries, they take things in the wrong direction very quickly.
How about some examples...
When the federal government took over the "Mustang Ranch" legal brothel in NV, they actually LOST money. The legal brothels are incredibly profitable, but only the federal government could LOSE MONEY SELLING SEX!!! But they "know better."
When Eugene Stoner (probably the #1 weapons genius in the US since John Browning) developed the M-16 for the US Army, the government's "best and brightest" decided that "they knew better" than Stoner, and overrode a number of his specifications, including the powder type to use in the cartrides AND chrome plating the chambers and barrel bores. Due to their decisions, the M-16 developed a terrible reputation as an unreliable weapon, and only after the specifications were restores, did it become of the most successful battle rifles in US history. Unfortunately, it was at the cost of a number of American lives and injuries, when the weapons would suffer stoppages during battles. But "they knew better."
With the new Obamacare and HIPPA laws, the NY Times discovered that it's now nearly impossible to get information on doctors who have had multiple malpractice suits and lost privileges at hospitals. It seems that the Obama administration has "removed doctors' disciplinary files from the web," and have even threatened some journalist with a $10,000 federal fine for revealing "confidential information." This came to a head when an investigation of a Kansas neurosurgeon, who's still practicing in KS, has had his privileges revoked at a number of local hospitals, and a local talk show had at least 4 callers from people who had experienced botched operations from this guy. But "they know better."
Yep. The worst thing is that huge majorities believe government is incompetent but they then buy into the idea that it should do more. We are a schizophrenic nation.
Yes you would. Right now the GOP should be stoking anger because this is real. This is a looming disaster on top of disaster and the number one job killer in America is clear. His name is Pres Barack Hussein Obama.
It is crazy. I looked into opening a line of credit, secured. Because I have a minority interest in another company, the bank wants 3 years tax returns for my business, my personal, and the company I have a small stake in. All for a SECURED line!
I need to make some more White House appointments, get me some of that $550 million.
Lately, I’ve been wondering about these horrific pieces of of control, disguised as “legislation” that suddenly, out of nowhere, get dropped in front of us and are subsequently rammed though the approval process.
As I understand life, it takes a NYTimes Best Seller List class author somewhere between 6 to 18 months to generate a three to five hundred page novel.
Do any of you also wonder, like me, who, where, why and how these two THOUSAND to three THOUSAND pages long pieces of garbage called “federal legislation” are being generated?????
Who are the worker bees creating this stuff, and who is telling them what to include in these massive collections of controls?????
I have no idea how to take that. lol
My company started cutting people loose the moment this thing passed. They fought against it’s passage pretty hard too. Then our wonderful (R)ino Senators sold us down the river and passed it anyway.
This bill is the complete destruction of all capital in this country. Brazil will be a better investment. This is a rape of the financial industry in total. You think no one is lending now? HA!!! If you need money to cover payroll in the future you’re going to need to go speak with Gazo down at the docks.
It’s designed to destroy the collection industry simply because Dumbocrats think po’folks are brutalized when they’re expected to pay their bills. Fine. NO LOANS, EVER, FOR ANYONE!
Yes, I wonder about that as well.
Yes, I wonder about that as well.
Yup...only the government could lose money running a wh*rehouse.
>Do any of you also wonder, like me, who, where, why and how these two THOUSAND to three THOUSAND pages long pieces of garbage called federal legislation are being generated?????
Yes; and I so wish I were a minor editor/copy-boy on them... can you imagine the Chaos that would come about because of a single sentence like “The District of Colombia is hereby retro-seeded to the State of New York and the Congress hereby establishes the District of Shanghai which shall be the square formed by the intersection of the State borders and the circle centered at Four Corners national monument of a radius of the circle of a radius five times the square root of two.”
If you get a chance, add the phrase: “This legislation shall not be amended nor rescinded by future legislation.” And then put some happy faces in there like this: :) :) :)
Betcha I can guess which one is Bonnie.