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 ...
"... a light will shine through that window, a beam of light will come down upon you, you will experience an epiphany ... and you will suddenly realize that you must go to the polls and vote for Obama" - Barack Obama Lebanon, New Hampshire. January 7, 2008.
Obama is our "Light-Worker" our "messiah"
http://www.breitbart.tv/obama-value-added-tax-a-novel-idea-for-u-s/
Obama: Value Added Tax a ‘Novel’ Idea For U.S.
Here are the other lies that Americans buy:
1. Things aren't that bad.
2. We're just in a cycle.
3. Things are improving.
4. His intentions are good.
5. We'll fix it in November.
The delusion is strong - even stronger than I imagined it would be.
A long and happy marriage is worth its weight in gold! :)
Picture has been changed? No halo now.
I wish I could remember the name of the guy Beck has had on who espouses the theory that people don’t believe anything out of the ordinary. It really rings true. It’s why people don’t grasp that things are changing until it’s pretty much too late to do much about it. Or at least it’s too late to fix them easily.
Absolutely. When he talks I just want to run screaming from the room. I usually just turn off the tv.
Explains why so many poo-pooed me here on FR when I posted (on the morning of 11/4/08) that all things had changed, nothing would ever been the same again.
It is becoming more and more obvious as each day passes who really controls this puppet. I don’t think it’s the Unions, he just uses the unions to further his agenda, or some foreign government, it’s the Federal Reserve.
Which picture?
What am I missing? What is so special about that photo?
He truly is deranged and I am not one to compare people to Hitler but I swear, he is reminding me more of him each day.
Sickening, isn’t it? These media people really think he’s The Messiah.
And yet the man is allowed to pontificate on business: a subject about which he knows absolutely nothing from experience. Even Jesus once worked as carpenter (before he became the world’s greatest community organizer, that is).
Frightening. He’s hideous looking.
He’s such a creep, a revolting creep. *shudder*
Deranged. Out of control, fed and fueled by the media. It’s extremely hard to watch while the press stands by in awe.
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