Posted on 04/22/2010 4:06:27 AM PDT by Sub-Driver
Obama to Scold Wall Street
By Jonathan Weisman
President Barack Obama will return to Manhattan’s Cooper Union on Thursday, two years after a campaign speech that laid out his vision for Wall Street, to castigate a financial industry that he will say has too often forgotten the ordinary Americans who have suffered from its reckless irresponsibility.
The speech comes at a pivotal moment in Senate negotiations over a sweeping measure to re-regulate the financial industry. After trading barbed accusations, senators from both parties now say they are near a deal that would preserve the framework of Mr. Obama’s plan. By appearing just two miles from Wall Street, Mr. Obama hopes to raise the political pressure and seal the deal.
“A free market was never meant to be a free license to take whatever you can get, however you can get it,” Mr. Obama will say, according to speech excerpts released Wednesday night. “That is what happened too often in the years leading up to the crisis. Some on Wall Street forgot that behind every dollar traded or leveraged, there is family looking to buy a house, pay for an education, open a business, or save for retirement. What happens here has real consequences across our country.”
As he has done several times in the year-long debate, the president will implore industry executives to call back the lobbyists engaged in “furious efforts” to thwart or water down his legislation.
(Excerpt) Read more at blogs.wsj.com ...
He’s going to go way beyond scolding, he’s going to tell them to submit to a Government takeover or he’ll take them over anyway.
Glad to hear he is returning that filthy Goldman Sachs money...wait...
Take a million bucks to get elected and then scold them and take over another sector.
Least anyone be fooled by the current populist posturing of the Obama regime, here is the list of who paid the most to put him in the White House
Current List of Top Contributors to Barack Obama
What ever became of that “Jobs Summit” I wonder.
Stalin and Malcolm X hated American capitalism as well.
And they voted for him...what a bunch of suckers...they should boo him off the floor.
Government causes the problem then blames other for it. I am amused that none of the useful idiots ever ask the question, where did the ‘sub’prime’ mortgages come from. No one would be that stupid to give mortgages to people who couldn’t afford to repay, would they? Start your research with Jimmy ‘the dumb’ Carter and CRA 1977 and the liberal pursuit of the mythical redlining unicorn.
How fitting, government lies about everything.
Bet when people tell you how bad Carter really was now you may understand. The most fun was waiting in the gas lines for your 5 gallons every two days, of gas RATION.
BTW, one of the most famous things Carter said, that he sure would like to forget, was his pledge that the world would be out of oil, every single drop gone, by the year 2000. Instead he is gone, and forgotten, he was nothing but a closet segregationist after all.
More than once I have seen headlines in which Obama was going to “scold” somebody. The left likes to think of him as a father figure. It’s revolting.
Isn’t this like a teenager screaming at his parents? I mean, he’s bought and paid for by those people.
Wink wink nod nod... here is a truck full of ca$h... lies... all lies by the party of satan... and their allies on wall street.
LLS
They all need to boo his commie ass. They won’t...but they should.
Where is our Horatio at the bridge to save this republic?
They haven't figured out yet that this isn't politics as usual and we are in the midst of a communist coup. I think they are waiting for the cattle cars and pogroms to start.
DJIA futures down 47 right now. I like to watch Obama on TV when he’s giving a speech to or about Wall Street. I turn to a business channel, turn down the sound so I don’t have to listen to him, and watch the ticker on the screen to see how far down he drives the markets during his speech.
I remember that well. If your license plate ended in an odd number you went one day. If it ended in an even number, you'd go the next.
I hope they do, too.
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