"We are poised to pass the toughest financial reform since the ones we created in the aftermath of the Great Depression." - President Obama at the White House
"Never let a crisis go to waste." - Rahm Emanuel
CRISIS - SOLUTION
This new consumer protection bureau to monitor credit-card companies, mortgage brokers and banks will be housed in the Federal Reserve. Getting the willies yet?
OK, we had quite a discussion here back in the day whether or not Obama is a socialist. Daniel pointed out that based on the true technical definition of a socialist and a socialist system Obama is not one so let's posit that. BUT he goes right up to the edge of being one, always two or three steps removed. To put it in movie ratings terms you have your R, your NC-17 and your hardcore X. Obama is definitely in NC-17 territory, never quite the technical definition of a working socialist but, here read this from the Washington Post today:
Lawmakers guide Dodd-Frank bill for Wall Street reform into homestretch by David Cho, Jia Lynn Yang and Brady Dennis
(re Goldman Sachs)
"...In the coming year a regulatory council could force the bank to shed its sizeable hedge funds and private-equity activities. It also could be banned from making financial trades for its own profit instead of for clients, shaving roughly 10 percent from the firm's revenue."
So we're gonna have alot more regulators than we had in the past with vastly more powers. Risky activities, somehow I always thought they were the hallmark of capitalism, they could be limited in the future but derivatives haven't been banned outright under the proposed bill. Also if this passes and it will banks will have to have more money put in reserve for those bad times but the regulators will figure this out don't you worry. I know I know auto dealers have been exempt from your new consumer protections and most mutual fund and insurance companies made out ok, community banks are good but on the capitalist/socialist scale there's a sense out there that Obama's philosophy is closer to the socialist end than the capitalist end. Liberalism has gradations just like conservatism has and Obama certainly doesn't talk as if he's in love with our capitalist system. Ours as soapie is fond of pointing out is a mixed economy, not pure capitalism but I don't like where this is headed. It moves us further along on that scale even if it would be more important to plug that damn hole in the Gulf first. I've yet to hear Obama say anything positive about wealth and wealth creation which doesn't prove ipso facto that he's One of Them but he's definitely an NC-17 kind of guy pushing the envelope. Question is if he does get a 2nd Term will he go hardcore?
barack hussein obama has a goal and that (stated) goal is to change and rearrange America based on his utopian socialist/communist model. Either you buy off on it -- or you don't.
ReplyDeleteHe intends to destroy America as we know it to create his Amerika.
I tend to agree with this but you will have your Shaws and your Satys chiming in that the guy's not anything of the kind. ALL he's said and done up to this point, his past associations, his education etc. form a pattern and I might make the point (again) that they have time for this but that gunk is still spewing into the Gulf.
ReplyDeleteObama won on the platform of saying he wanted to fundamentally change America, and he doesn't seem to have much regard for our actual Constitution. He is your basic corrupt Chicago politician. Not sure if this assessment makes him a socialist, but I don't care for his style at all.
ReplyDeleteGood point LL..that’s a very good reason why we don’t use affirmative action when hiring brain surgeons!
ReplyDeleteGet the latest news on Communist Obama every day here:
ReplyDeletehttp://www.commieblaster.com
Do you libs that post here really believe the garbage you are spewing?
ReplyDeleteAre you that blind, dumb and ignorant or are you just sicko's?
When the nurse comes around, please continue taking the little blue pills. Don't choose the red one. Continue to listen to your twitters, your myspaces, and your facebooks. You have a little time left before your fun is all over.
The leftist agenda = the regulatory state. So far Obama's following through.
ReplyDeleteLiberalism does not come out too well either. When it appeared that health-care-reform legislation would not pass, a chorus of liberal voices, in and out of government, rallied around the notion that the American political system “sucks.” So there you have it.
ReplyDeleteCongratulations Z-man! This is what IAGNB thinks about you. LOL!
ReplyDeleteFrom "I Ain't Got No Blog"'s blog:
I Ain't Got No Blog" was created for the express reason to piss off liberals.
Sorry about the lack of posts in this blog, its was made only for you to comment on. I’m not that ignorant as to be bothered to write a blog. I only comment on other peoples blogs. Mostly on dumb ones. If you have a good one and an intelligent blog, the chances are I have not commented there. I speak only my own personal opinions. So if my comments have offended you, trust me, it was meant to.
Consider youself honored Z-man. LOL!
Well, oh yeah I remember that blog now. Saw it at Pamela Hart's place first I think, kind of a place to unload, a kind of mental latrine and he's a kind of Tidy Bowl man. A little deletion action couldn't hurt (flush flush - BYE!).
ReplyDelete