Cojones like these:
Posted on 04/14/2010 4:49:04 PM PDT by Sub-Driver
Obama dares GOP to fight Wall St. bill By: Carrie Budoff Brown and Glenn Thrush April 14, 2010 07:15 PM EDT
For weeks, the White House strategy on financial regulatory reform remained an open question: Would President Barack Obama water down his bill just to get something passed – the way he did on health care?
A Palin-esque “Hell no!” was the answer coming from the White House Wednesday as the president, his senior aides and his allies on Capitol Hill issued an ultimatum to Republicans fighting Democrats plans to overhaul financial oversight.
“For the president, you have to be willing to accept a strong bill,” said White House Press Secretary Robert Gibbs, after Obama emerged from a contentious meeting with GOP congressional leaders.
“If the effort to get this close is simply to take steps to weaken that legislation, that’s not what the president is interested in.”
Democrats are so emboldened that Senate Majority Leader Harry Reid (D-Nev.) is prepared to bring the Banking Committee bill to the floor without any major concessions to Republicans, and essentially dare them to vote against the measure, senior leadership aides said.
At a time when Wall Street is as reviled as government, Democrats are willing to gamble that at least one Republican – and maybe as many as a half-dozen — will break ranks. At the same time, Senate Republican Leader Mitch McConnell is betting he can hold his caucus together to deny them even a single vote.
“It’s been two and a half years since this crisis started, more than a year since we first laid out a comprehensive set of reforms,” said Treasury Secretary Tim Geithner during a rare appearance at the White House daily briefing alongside Gibbs.
(Excerpt) Read more at dyn.politico.com ...
Means of production are privately owned but State controlled=fascism, IIRC. Yes, that is totalitarian, but the Fascist chicken has finally come home to roost—on the left.
It’s the political equivalent of the trash-talking and taunting that has made basketball nearly impossible to watch anymore.
And it’s incredibly unbecoming in the—I laugh—”leader of the free world.”
Bingo. Solid post, worth re-reading.
And additionally, look at this bill in the context of the SCOTUS recent decision allowing corporate political donations. Uh huh...
Rand Paul would dare Obama to actually read it.
Need to get your insane, radical lefty legislation through the Senate?
Call Rent-a-RINO. :)
EXACTLY! He is revealing just how creepy he is and WOW, it is stunning all of us.
Gotcha! Thanks. It is getting confusing out there-—between marxism, facism, communism, totalitarianism, dictatorship, kindgdom, WHATEVER-—my gosh joe, it is too much. Just too much.
Wall Street was subject to the regulation of the Glass Steagall act from 1933 until Bill Clinton signed its repeal in 1999. It’s not a coincidence that we experienced a financial crisis less than ten years after scrapping the restraints of Glass Steagall. Investment banks need to be walled off from the main street economy.
Once upon a time, I was invited to the White House for a private dinner with the President. I am a respected businessman, with a factory that produces memory chips for computers and portable electronics. There was some talk that my industry was being scrutinized by the administration, but I paid it no mind. I live in a free country. There’s nothing that the government can do to me if I’ve broken no laws. My wealth was earned honestly, and an invitation to dinner with an American President is an honor I checked my coat, was greeted by the Chief of Staff, and joined the President in a yellow dining room.
We sat across from each other at a table draped in white linen. The Great Seal was embossed on the china. Uniformed staff served our dinner. The meal was served, and I was startled when my waiter suddenly reached out, plucked a dinner roll off my plate, and began nibbling it as he walked back to the kitchen. “Sorry about that,” said the President. “Andrew is very hungry.” “I don’t appreciate...” I began, but as I looked into the calm brown eyes across from me, I felt immediately guilty and petty. It was just a dinner roll. “Of course,” I concluded, and reached for my glass. Before I could, however, another waiter reached forward, took the glass away and swallowed the wine in a single gulp. “And his brother Eric is very thirsty.” said the President.
The President is testing my compassion, I thought. I will play along. I don’t want to seem unkind. My plate was whisked away before I had tasted a bite. “Eric’s children are also quite hungry.” With a lurch, I crashed to the floor. My chair had been pulled out from under me. I stood, brushing myself off angrily, and watched as it was carried from the room. “And their grandmother can’t stand for long.” I excused myself, smiling outwardly, but inside feeling like a fool. Obviously I had been invited to the White House to be sport for some game.
I reached for my coat, to find that it had been taken. I turned back to the President.”Their grandfather doesn’t like the cold.” I wanted to shout- that was my coat! But again, I looked at the placid smiling face of my host and decided I was being a poor sport. I spread my hands helplessly and chuckled. Then I felt my hip pocket and realized my wallet was gone. I excused myself and walked to a phone on an elegant side table. I learned shortly that my credit cards had been maxed out, my bank accounts emptied, my retirement and equity portfolios had vanished, and my wife had been thrown out of our home. Apparently, the waiters and their families were moving in.
The President hadn’t moved or spoken as I learned all this, but finally I lowered the phone into its cradle and turned to face him. “Andrew’s whole family has made bad financial decisions. They haven’t planned for retirement, and they need a house. They recently defaulted on a subprime mortgage. I told them they could have your home. They need it more than you do.” My hands were shaking. I felt faint. I stumbled back to the table and knelt on the floor.
The President cheerfully cut his meat, ate his steak and drank his wine. I lowered my eyes and stared at the small grey circles on the tablecloth that were water drops.”By the way,” He added, “I have just signed an Executive Order nationalizing your factories. I’m firing you as head of your business. I’ll be operating the firm now for the benefit of all mankind. There’s a whole bunch of Erics and Andrews out there and they can’t come to you for jobs groveling like beggars.” I looked up. The President dropped his spoon into the empty ramekin which had been his creme brulee. He drained the last drops of his wine. As the table was cleared, he lit a cigarette and leaned back in his chair. He stared at me. I clung to the edge of the table as if were a ledge and I were a man hanging over an abyss.
I thought of the years behind me, of the life I had lived. The life I had earned with a lifetime of work, risk and struggle. Why was I punished? How had I allowed it to be taken? What game had I played and lost? I looked across the table and noticed with some surprise that there was no game board between us. What had I done wrong? As if answering the unspoken thought, the President suddenly cocked his head, locked his empty eyes to mine, and bared a million teeth, chuckling wryly as he folded his hands he said:”You should have stopped me at the dinner roll”
bored of politics tonight... obama has no chance at reelection... good night
Vote NO on EVERYTHING. Let the coming storm of $250 million in ads do the talking for us.
“Any and every republican should state: “the cause of the sub-prime bubble was not wall St., it was the dems CRA, Fannie Mae sub-prime bubble that they created in the 90s”
We could, as long as we don’t mind being indifferent to facts and simply want to generate some political talking points.
Wall Street lobbied to get the Glass Steagall act repealed during the Clinton administration, a goal which they accomplished in 1999. This opened the door to trillions of dollars of Wall Street money flooding into the mortgage market and the derivatives industry built on top of it, from synthetic CDOs to credit default swaps. Anyone trying to minimize Wall Street’s role in the fiasco either doesn’t know what they are talking about, or is seeking to deceive you.
The problem I have with this, is that nobody forces someone to buy stock. People know that there is some risk with is any investment.
Typical: the little Zero slave of communists and community organizing dares not stand up to his masters in China and Russia, so he goes after free people and call them slave owners and exploiters.
Did you catch Obozo stating that, “Whether we like it or not, America continues to be a super power”????? The complete arrogance of this pompous ass is stifling.
love it. Where did you get it? Did you write that yourself?
There are a whole bunch of hostile -isms out there, for sure.
Hang in there, these are the 'good ol' days'...for a while.
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