Obama's Plan -- A Regulatory Mess (advanced text of Obama's financial address)
. . . . Photos at # 81 and # 86.
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 ...
what an arrogant POS
I switched him off the minute he got on. I literally cannot stand this self-aggrandizing prick!! Someone needs to knock his nose out of the air. He is DISGUSTING. His fall will be really haaaard I expect. Nobody, but Nobody, is as arrogant as this creep except for other TYRANTS!! He is a one man wrecking crew!! CO
“Obama is such a messed up person. he feels that america must be as messed up as he is.” ~ hondact200
A lot of them are. For instance, here’s one of them:
Tea Party A “Bowel Movement” Says ACORN Boss Big Bertha
http://spectator.org/blog/2010/04/21/tea-party-a-bowel-movement-say
A sane person comments:
“After reading this, I must say it makes me want to go take a Bertha Lewis, but I’m out of Obama paper.” ~ Eric Cartman| 4.21.10 @ 6:11PM
bttt :)
Obama's Plan -- A Regulatory Mess (advanced text of Obama's financial address)
. . . . Photos at # 81 and # 86.
He is a Marxist idiot but he’s a dangerous idiot!! CO
See a link to one of his followers in my post #103 above.
Anyone looking at these pictures can immediately detect a mental illness. No one looks like that so regularly that there are multiple photos of them looking that way.
Maybe I’m suffering from Obama Derangement Syndrome, but just looking at him in these pictures makes me sick to my stomach.
I expressed the same thing about how I can’t even look at his pictures in my post #107. Glad to know it’s not just me.
That collage of photographs needs to be posted on large billboards across, and throughout America. The results would be quite interesting.
I say no more.
Its a GAY dem thing.
May G-d save us from these Utopian queers.
He looks insane...like he's debating with the voices in his head.
BTW, I don't think he has the face of a man of African descent. I've always thought he has Middle Eastern features. (Just my 2 cents ;^D )
Hear! Hear!
Yeah, he’s deranged and drunk on power.
Are you thinking Africian-Arab like Quadaffi?
Oh - My - Gosh!
I can’t type what I want so suffice it to say, a picture says a thousand words.
Yeah Obambi thinks he and his family and his other elitist regime comrades will rush to the new underground bunker near D.C. and hunker down in luxury, then come out after the radiation is gone and continue lording over the few survivors ! Oh, and you can bet, no thilly, ole Republicans will be allowed to enter that bunker! Think about that REPUBLICANS!
LOL. I have most of WS Gilbert memorized.
Not on purpose.
It just HAPPENED.
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