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The Republicans will only settle for a bill that the banks approve of...........one that does nothing.
Just another example of the GOP opposing good pro-middle class legislation.
The article says after their initial reaction Republicans have decided to negotiate on this legislation.
It also says that one of the reason for the objection is that it hurts small banks and small businesses. Those are the groups that make up the middle calss. It's the Democrats trying to destroy the middle class here. Not Republicans.
The article says after their initial reaction Republicans have decided to negotiate on this legislation.
It also says that one of the reason for the objection is that it hurts small banks and small businesses. Those are the groups that make up the middle calss. It's the Democrats trying to destroy the middle class here. Not Republicans.
YOUR POST FAILED.
NEXT!!!
Yes and that must be true because a Republican POLITICIAN said so. You know that a republican would never lie to you.
Looks like the Republicans were right to oppose en masse that particular portion. Obama has now told the Dems to remove that from the bill. And why did he have it removed? To put an end to the constant bailouts. You know, like the Republicans said from the beginning.
The Republicans will only settle for a bill that the banks approve of...........one that does nothing.
Just another example of the GOP opposing good pro-middle class legislation.
Geez, why bother?! This is just gonna draw the same "ditto-heads" as the Health Care debate did, parroting whatever "talking points" they get from the same Big Money-funded "Think Tanks", and spoon-fed to 'em via FAUX News & Co. Ironically (or "tragically" as the case may be), they're also usually the same bunch who rail about "oppressive" or "socialist" taxes, even while they're giving banks and businesses money by the carload thru lax oversight, exorbitant rates, and "tax cuts" that only benefit the wealthy.... truly pathetic!
But considering their role in supporting the current mess, I compare 'em to the Nazi collaborators in occupied France during WWII. Only there, the French were smart enough to take most of them out and shoot 'em afterwards, rather than let them continue to prattle on about the benefits of oppression, subvert the recovery and justify why they were traitors to their kind.
Looks like the Republicans were right to oppose en masse that particular portion. Obama has now told the Dems to remove that from the bill. And why did he have it removed? To put an end to the constant bailouts. You know, like the Republicans said from the beginning.
Republicans DIDN'T want to use bailouts from the start, when bailouts were the only means we had to keep our economy from entering a DEPRESSION.
If it were up to Republicans ... we probably would all be standing in bread lines right now.
You should be kissing Obama's feet grateful of the fact that your 401K didn't turn into a 000k.
That was the direction the stock market was headed during Bush's final year in office.
And Obama made the difficult choices needed to SAVE our economy.
And now, Obama simply doesn't want bailouts to become the ongoing solution to this problem.
Obama wants the solution to be tighter regulation, so companies will never grow to a point of ever needing a bailout again.
Obama issued his veto threat over derivatives during a meeting with his President's Economic Recovery Advisory Board (PERAB).
"The derivatives market where a lot of big, risky financial bets by companies like AIG (American International Group) took place, there are literally trillions of dollars sloshing around this market that basically changes hands under the cover of darkness," Obama said. "When things go wrong, as they did at AIG, they can bring down the entire economy and that's why we've got to bring more transparency and oversight when it comes to derivatives and bring them into a framework in which everybody knows exactly what's going on because we can't afford another AIG."
There is nothing in that bill that repeals what Gramm changed to Glass-Steagall.
They want to give MORE power to the Fed. The Fed is bad enough as it is but at least has to come grovelling to Congress for money. Give them more power and you'll NEVER know who, what or how much is being paid to anyone in the form of a bailout.
This is no financial reform...it's shuffling power around but not changing anything.
The article says after their initial reaction Republicans have decided to negotiate on this legislation.
It also says that one of the reason for the objection is that it hurts small banks and small businesses. Those are the groups that make up the middle calss. It's the Democrats trying to destroy the middle class here. Not Republicans.
YOUR POST FAILED.
NEXT!!!
The legislation will protect small banks and businesses by preventing the type of meltdown that deregulation caused. Who was hurt by the meltdown due to unfettered Wall Street greed - the middle class. The GOP and big banks were fine with the meltdown during the Bush administration while middle America faltered. The public still has not learned that the GOP doesn't have their interests at heart. The GOP is correct in one thing - say a lie often enough and folks will believe it. Don't know about you, but I sure got a tax cut this year and I am middle-class. Sure did not get that from Bush and the GOP.
The GOP represents big business, not the average guy.
Republicans DIDN'T want to use bailouts from the start, when bailouts were the only means we had to keep our economy from entering a DEPRESSION.
Bull crap on two counts..
1) Republicans voted for the bailouts, and it was signed by a Republican president
2) There is no indication that we would have entered a depression. Only speculation.
Quote:
Originally Posted by RD5050
If it were up to Republicans ... we probably would all be standing in bread lines right now.
More bs.. Can you post anything factual or is everything you post based upon lies against Republicans..
If company A fails, company B takes its place. If you dont understand that supply for services will be met then I dont know what to tell you.
Quote:
Originally Posted by RD5050
You should be kissing Obama's feet grateful of the fact that your 401K didn't turn into a 000k.
It was Bush that passed the stimulus bill, Obama has done NOTHING to improve the market other than devalue the dollar and screw up every other investment opportunity leaving the market the ONLY place to park money.
Quote:
Originally Posted by RD5050
That was the direction the stock market was headed during Bush's final year in office.
Again, the market is NOT an indicator of the economy. The stock market climbed 52% during the great depression.
Quote:
Originally Posted by RD5050
And Obama made the difficult choices needed to SAVE our economy.
Obama has done NOTHING to save the economy.. I know he's your savior but your allegations have become my supply of humor..
Quote:
Originally Posted by RD5050
And now, Obama simply doesn't want bailouts to become the ongoing solution to this problem.
No one does.. But how does this relate to the topic?
Quote:
Originally Posted by RD5050
Obama wants the solution to be tighter regulation, so companies will never grow to a point of ever needing a bailout again.
False argument. The problem wasnt that companies grew to the point of needing bailouts, the problem was that companies took risks that they were unable to afford to lose on. Also companies didnt "NEED" a bailout. Ford for example is chugging along just fine without bailouts.
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