Obama: Wall Street Will Play Less Dominant Role

foxnews.com ^

[jersey117]

Wall Street is not going to play as dominant a role in the economy, president says. WASHINGTON - Wall Street is not going to play as dominant a role in the economy as regulations reduce "some of the massive leveraging and the massive risk-taking that had become so common," President Barack Obama says.

[EVO X]

The idiot is not going to have any of the “rich” left to soak with his higher taxes

I don't think Vladimir Chavez cares all that much. He probably wouldn't care at all if we didn't have an election in 2010..

[Old Professer]

How’s John Semmens going to top this?

[Chode]

[McGavin999]

What a moron! Does he even understand what the “economy” is?

[CRBDeuce]

This guy is going straight for communisim.

...or more likely fascism (state ownership of corporations). In Obama's mind, banks are now obsolete...if you need money you go to the godfather (small 'g' intentional), he will give you the money you need.

[CRBDeuce]

If Wall Street declines it can mean only one thing. Government grows. Its called communism.

Spot on! but you've got the cause and effect backwards....all BO is saying is that his soros communism will 'crowd out' capitalism. (which all here see as plain as the noses on our tea party faces). What he left out is...as goes Wall St, so goes Main St. (at least while he's president, or until we can elect a Congress WITH a brain to replace this cursed Congress WITHOUT a brain, whichever comes first).

[FocusNexus]

“Forget socialism. This guy is going straight for communisim.”

You are absolutely right. And the vast majority of the people still don’t get it.

[FocusNexus]

Obama looks moderate, acts radical by Mark Steyn

http://www.ocregister.com/articles/obama-government-everything-2387486-down-big

[yield 2 the right]

Is the USA done for yet?

[GOPJ]

We’re so screwed...but, I feel a slight tremor under my feet. Joe and Jane Six-pack aren’t going to take much more. :)

There's lots of stuff to loot in this country - and after that's been done to keep Joe and Jane six-pack happy, there's always fear to keep 'em in line.

Look at 3rd world countries where the government takes and the people suffer - no one raises up - the people fear they might lose the little they have.

[jersey117]

Look at 3rd world countries where the government takes and the people suffer - no one raises up - the people fear they might lose the little they have.

What a depressing thought.

[boxlunch]

Ping ping ping, wins the prize!!!

[boxlunch]

Now we know why Air Force 1 was terrorizing the Goldman Sacs building and all of Wall Street last week. Hmmm.

Air Force one sending a message to Wall Street that he's in charge?

I still think it was a purposeful "joke" and Obama and friends were having a little chuckle at those poor people's expense as they watched them run out of the buildings. Yes, I'm extremely cynical about this man.

[April Lexington]

Main Street needs to get VERY angry VERY fast to put a stop to this stuff. People don't understand that our way of life and the economic quality of life is rapidly declining. The upper middle class is becoming the working class and the working class is becoming poor. The poor are really going to be hurt by this as the working class down size=s into the jobs and home now enjoyed by the working poor. Slums will begin to rival third world countries and the America of the 1960's as everyone gets poorer. Its trickle down no matter how hard the Left laughs at that term.

Look at rent on nicer apartments lately. Going through the roof as the newly homeless are renting for the first time in 40 years. Those who voted for Obama will suffer most. also watch rich liberals. They and their money are starting to leave the USA.

[April Lexington]

I still think it was a purposeful "joke" and Obama and friends were having a little chuckle at those poor people's expense as they watched them run out of the buildings. Yes, I'm extremely cynical about this man.

If Obama is THIS crazy (and, I have no reason to suspect he isn't) then this isn't going to end well for him. His political support will begin to erode as all of the interest groups he's pissed off in the first 100 days get sick of his mouth and his antics. Watch his poll numbers crater in the next 3 months as unemployment soars and liberties are lost...

[April Lexington]

Look at 3rd world countries where the government takes and the people suffer - no one raises up - the people fear they might lose the little they have.

Well, all I can say is, we ain't no third world country... and we ain't plannin on bein one soon...

[April Lexington]

You always see these affirmative action guys start out strong and then self destruct. He simply can't attack every seat of power in the USA and expect to stay popular. Political interests are permanent.

[jersey117]

Well, all I can say is, we ain't no third world country... and we ain't plannin on bein one soon...

I like your optimism.

[April Lexington]

Spot on! but you've got the cause and effect backwards....all BO is saying is that his soros communism will 'crowd out' capitalism. (which all here see as plain as the noses on our tea party faces). What he left out is...as goes Wall St, so goes Main St. (at least while he's president, or until we can elect a Congress WITH a brain to replace this cursed Congress WITHOUT a brain, whichever comes first).

I do business in China. In 1949 Mao took the communist path and took over the most populous country in the world. The Chinese had been capitalists for 6,000 years. Mao wasn't making headway so in the 1960's he did the Cultural Revolution thing to crush the merchant class and the traditional Chinese customs. Mao died and they party dumped the communist B.S. as fast as they could. They don't care of the cat is black or white... as long as it catches mice! Today, the party is in power but capitalism is astoundingly rampant and the party doesn't care because it gets power and the Chinese people benefit.

Then, there was Russia. Seventy years of insane Stalinist communism. It didn't work after 100 million died. So, now... capitalism with 10% tax rates.

Obama and his leftover commie pinko Chicago Seven gang are swimming up their own urine stream. We will win in the end...

[April Lexington]

My neighbor actually said that. She thinks his big ears are too adorable......

Well... maybe she'll have to deal with a bit of Obama unemployment. Then, she can sit home and fantasize about those sexy ears while dodging creditor phone calls!!!