President Barack Obama - Term 1 and 2 Thread

[Rockindeano]

Looked it up...If this Wikipedia page is correct, it does look as if the reconciliation process is only supposed to be used for budget bills...

\\

Tough shit. Bush and Cheney used this reconciliation practice at will, and I am not sure these bills meet the criteria of "budget bills"

The 2001 Bush Tax Cut was passed in reconciliation. The final vote was 58 to 33.
The 2003 Bush Tax Cut was passed in reconciliation. The final vote was 50 to 50, with Dick Cheney casting the tie-breaking vote.
The 2005 Deficit Reduction Act was also passed in reconciliation with a 50 to 50 vote and a Cheney intervention.
The 2006 Tax Relief Extensions Act was passed in reconciliation. The final vote was 54 to 44

I say FUCK YOU to the republicans. Elections have consequences. I say present this bill to an up or down vote and get it passed. You bunch of fuckin crybabies. If you are so against the current bill, offer up an idea, just one?! They haven't offered up anything except "no." That's not what the American people want.

these were all GREAT FOR AMERICA...because ITS OUR MONEY... so yes tax cuts were needed during this time... and whatever it took to make it happen...

Yeah dude, those tax cuts were great for America. What did you get, an extra 100 bucks a year? Terrific. They were so great for us, that the last eight years are likely to be the nation's worst ever economic period. Real great.

health care will be interesting to see if they can muster the votes for it... I am not against using this tactic... and deano is correct
elections have consequences... your party will feel it... if its passed...

You listen too much to Rush and Fox. We'll take our chances.

[RossValoryRocks]

Yeah dude, those tax cuts were great for America. What did you get, an extra 100 bucks a year? Terrific. They were so great for us, that the last eight years are likely to be the nation's worst ever economic period. Real great.

That $100 is HIS money...he worked HARD for it.

I actually got back considerably more than $100...and you know what I did with it?? Put it in a fund for my daughters education and in an account for rainy days and emergencies.

What did you do with the $100 you got??? Did you put it away or invest it??? Did you use it to buy something useful? I am REALLY interested to see what you used your money for.

After all since you are so hellbent on TELLING the rest of us what we should do with the money taken from us, we have a right I believe to know what you did with the money given to you because of it.

[conversationpc]

Yeah dude, those tax cuts were great for America. What did you get, an extra 100 bucks a year? Terrific. They were so great for us, that the last eight years are likely to be the nation's worst ever economic period. Real great.

The tax cuts have nothing to do with how bad the economy has been over the last few years. The problem is the Republicans and Democrats spending too much money, greasing their own pockets instead of doing something for the good of the country.

[Rockindeano]

Yeah dude, those tax cuts were great for America. What did you get, an extra 100 bucks a year? Terrific. They were so great for us, that the last eight years are likely to be the nation's worst ever economic period. Real great.

The tax cuts have nothing to do with how bad the economy has been over the last few years. The problem is the Republicans and Democrats spending too much money, greasing their own pockets instead of doing something for the good of the country.

You need to learn economics dude. Ok, I'll play along. Want to talk about spending? How much does that little hobby W started over in Iraq cost us daily? Monthly? Yearly? LOL, you don't cut taxes in a time of war..Sheesh.

Here's some numbers for you. I hope you still support the LIE after reading these numbers. After all, it is YOUR money being spent.


U.S. 2009 Monthly Spending in Iraq - $7.3 billion as of Oct 2009

U.S. 2008 Monthly Spending in Iraq - $12 billion

U.S. Spending per Second - $5,000 in 2008

Cost of deploying one U.S. soldier for one year in Iraq - $390,000

[lights1961]

Looked it up...If this Wikipedia page is correct, it does look as if the reconciliation process is only supposed to be used for budget bills...

\\

Tough shit. Bush and Cheney used this reconciliation practice at will, and I am not sure these bills meet the criteria of "budget bills"

The 2001 Bush Tax Cut was passed in reconciliation. The final vote was 58 to 33.
The 2003 Bush Tax Cut was passed in reconciliation. The final vote was 50 to 50, with Dick Cheney casting the tie-breaking vote.
The 2005 Deficit Reduction Act was also passed in reconciliation with a 50 to 50 vote and a Cheney intervention.
The 2006 Tax Relief Extensions Act was passed in reconciliation. The final vote was 54 to 44

I say FUCK YOU to the republicans. Elections have consequences. I say present this bill to an up or down vote and get it passed. You bunch of fuckin crybabies. If you are so against the current bill, offer up an idea, just one?! They haven't offered up anything except "no." That's not what the American people want.

these were all GREAT FOR AMERICA...because ITS OUR MONEY... so yes tax cuts were needed during this time... and whatever it took to make it happen...

Yeah dude, those tax cuts were great for America. What did you get, an extra 100 bucks a year? Terrific. They were so great for us, that the last eight years are likely to be the nation's worst ever economic period. Real great.

health care will be interesting to see if they can muster the votes for it... I am not against using this tactic... and deano is correct
elections have consequences... your party will feel it... if its passed...

You listen too much to Rush and Fox. We'll take our chances.

the issue with the current economy crises was 4.00 gas... plus the housing market and bank crashes all at the same time... the perfect storm... of banking and loan issues dating back to the 90s...
the 4.00 gas was created by greed by oil futures... wondering where our breaking point was about how much we would pay for a gallon of gas... if you could pin point where the economy started its downhill cycle... it was July 4th weekend 2008...when gas was over 4.00 almost everywhere...and no one was on the road during that three day weekend...

[conversationpc]

You need to learn economics dude. Ok, I'll play along. Want to talk about spending? How much does that little hobby W started over in Iraq cost us daily? Monthly? Yearly? LOL, you don't cut taxes in a time of war..Sheesh.

Here's some numbers for you. I hope you still support the LIE after reading these numbers. After all, it is YOUR money being spent.


U.S. 2009 Monthly Spending in Iraq - $7.3 billion as of Oct 2009

U.S. 2008 Monthly Spending in Iraq - $12 billion

U.S. Spending per Second - $5,000 in 2008

Cost of deploying one U.S. soldier for one year in Iraq - $390,000

Screw you. Who said I supported it and why don't you guys have many more arguments than squawking about Bush this and Bush that? GET SOME NEW MATERIAL, for crying out loud! NOTHING you just listed above has anything to do with the tax cuts being good OR bad for the economy. Go back to school and actually learn something for once.

[Rockindeano]

You need to learn economics dude. Ok, I'll play along. Want to talk about spending? How much does that little hobby W started over in Iraq cost us daily? Monthly? Yearly? LOL, you don't cut taxes in a time of war..Sheesh.

Here's some numbers for you. I hope you still support the LIE after reading these numbers. After all, it is YOUR money being spent.


U.S. 2009 Monthly Spending in Iraq - $7.3 billion as of Oct 2009

U.S. 2008 Monthly Spending in Iraq - $12 billion

U.S. Spending per Second - $5,000 in 2008

Cost of deploying one U.S. soldier for one year in Iraq - $390,000

Screw you. Who said I supported it and why don't you guys have many more arguments than squawking about Bush this and Bush that? GET SOME NEW MATERIAL, for crying out loud! NOTHING you just listed above has anything to do with the tax cuts being good OR bad for the economy. Go back to school and actually learn something for once.

Fuck you. Believe me, I wish I and the rest of us could move on from Bush, but his bullshit still stinks and still stains and until we are free from anything Bush, he remains relevant, and our country is still suffering from his days in office.

The War costs have EVERYTHING to do with the tax cuts. Firstly, in times of war, you never ever offer let alone pass tax cuts. Secondly, if this big fucking lie was never enacted, think how much money we could still have, and not need the stupid fuckin tax cuts? Besides, I know you support this bullshit war...you are a dyed in the wool republican.

Oh and anytime you want to compare college diplomas, I am more than willing to.

[SP Fan in Oregon]

You need to learn economics dude. Ok, I'll play along. Want to talk about spending? How much does that little hobby W started over in Iraq cost us daily? Monthly? Yearly? LOL, you don't cut taxes in a time of war..Sheesh.

Here's some numbers for you. I hope you still support the LIE after reading these numbers. After all, it is YOUR money being spent.


U.S. 2009 Monthly Spending in Iraq - $7.3 billion as of Oct 2009

U.S. 2008 Monthly Spending in Iraq - $12 billion

U.S. Spending per Second - $5,000 in 2008

Cost of deploying one U.S. soldier for one year in Iraq - $390,000

Screw you. Who said I supported it and why don't you guys have many more arguments than squawking about Bush this and Bush that? GET SOME NEW MATERIAL, for crying out loud! NOTHING you just listed above has anything to do with the tax cuts being good OR bad for the economy. Go back to school and actually learn something for once.

Fuck you. Believe me, I wish I and the rest of us could move on from Bush, but his bullshit still stinks and still stains and until we are free from anything Bush, he remains relevant, and our country is still suffering from his days in office.

The War costs have EVERYTHING to do with the tax cuts. Firstly, in times of war, you never ever offer let alone pass tax cuts. Secondly, if this big fucking lie was never enacted, think how much money we could still have, and not need the stupid fuckin tax cuts? Besides, I know you support this bullshit war...you are a dyed in the wool republican.

Oh and anytime you want to compare college diplomas, I am more than willing to.

Good morning Deano. Fuck you comments before lunch are bad for your health.
However, I am willing to compare college diplomas with you .

[Rockindeano]

You need to learn economics dude. Ok, I'll play along. Want to talk about spending? How much does that little hobby W started over in Iraq cost us daily? Monthly? Yearly? LOL, you don't cut taxes in a time of war..Sheesh.

Here's some numbers for you. I hope you still support the LIE after reading these numbers. After all, it is YOUR money being spent.


U.S. 2009 Monthly Spending in Iraq - $7.3 billion as of Oct 2009

U.S. 2008 Monthly Spending in Iraq - $12 billion

U.S. Spending per Second - $5,000 in 2008

Cost of deploying one U.S. soldier for one year in Iraq - $390,000

Screw you. Who said I supported it and why don't you guys have many more arguments than squawking about Bush this and Bush that? GET SOME NEW MATERIAL, for crying out loud! NOTHING you just listed above has anything to do with the tax cuts being good OR bad for the economy. Go back to school and actually learn something for once.

Fuck you. Believe me, I wish I and the rest of us could move on from Bush, but his bullshit still stinks and still stains and until we are free from anything Bush, he remains relevant, and our country is still suffering from his days in office.

The War costs have EVERYTHING to do with the tax cuts. Firstly, in times of war, you never ever offer let alone pass tax cuts. Secondly, if this big fucking lie was never enacted, think how much money we could still have, and not need the stupid fuckin tax cuts? Besides, I know you support this bullshit war...you are a dyed in the wool republican.

Oh and anytime you want to compare college diplomas, I am more than willing to.

Good morning Deano. Fuck you comments before lunch are bad for your health.
However, I am willing to compare college diplomas with you .

Hello there. Ok, I'll compare diplomas. See, I chose the path of morality, and majored in Political Science, not law.

You are a Duck for shit's sake! Blech!

[SP Fan in Oregon]

You need to learn economics dude. Ok, I'll play along. Want to talk about spending? How much does that little hobby W started over in Iraq cost us daily? Monthly? Yearly? LOL, you don't cut taxes in a time of war..Sheesh.

Here's some numbers for you. I hope you still support the LIE after reading these numbers. After all, it is YOUR money being spent.


U.S. 2009 Monthly Spending in Iraq - $7.3 billion as of Oct 2009

U.S. 2008 Monthly Spending in Iraq - $12 billion

U.S. Spending per Second - $5,000 in 2008

Cost of deploying one U.S. soldier for one year in Iraq - $390,000

Screw you. Who said I supported it and why don't you guys have many more arguments than squawking about Bush this and Bush that? GET SOME NEW MATERIAL, for crying out loud! NOTHING you just listed above has anything to do with the tax cuts being good OR bad for the economy. Go back to school and actually learn something for once.

Fuck you. Believe me, I wish I and the rest of us could move on from Bush, but his bullshit still stinks and still stains and until we are free from anything Bush, he remains relevant, and our country is still suffering from his days in office.

The War costs have EVERYTHING to do with the tax cuts. Firstly, in times of war, you never ever offer let alone pass tax cuts. Secondly, if this big fucking lie was never enacted, think how much money we could still have, and not need the stupid fuckin tax cuts? Besides, I know you support this bullshit war...you are a dyed in the wool republican.

Oh and anytime you want to compare college diplomas, I am more than willing to.

Good morning Deano. Fuck you comments before lunch are bad for your health.
However, I am willing to compare college diplomas with you .

Hello there. Ok, I'll compare diplomas. See, I chose the path of morality, and majored in Political Science, not law.

You are a Duck for shit's sake! Blech!

The path for many entering law school is a major in political science.
Hey, my team went to the Rose Bowl this year too! That's nothing to Blech at.

[Rockindeano]

The path for many entering law school is a major in political science.
Hey, my team went to the Rose Bowl this year too! That's nothing to Blech at.

Yeah, I should have done the same thing, instead I went to Public Admin. I am a Dumbass.

And I am glad the Ducks made it to Pasadena. I just wish they would have competed!

[SP Fan in Oregon]

The path for many entering law school is a major in political science.
Hey, my team went to the Rose Bowl this year too! That's nothing to Blech at.

Yeah, I should have done the same thing, instead I went to Public Admin. I am a Dumbass.

And I am glad the Ducks made it to Pasadena. I just wish they would have competed!

Before law school, I explored trying to get a Master's in "Public Administration" at University of Alaska.
Not such a bad idea, as there are many great jobs in Public Administration. YOu like politics, maybe you should run for office?

[Rockindeano]

The path for many entering law school is a major in political science.
Hey, my team went to the Rose Bowl this year too! That's nothing to Blech at.

Yeah, I should have done the same thing, instead I went to Public Admin. I am a Dumbass.

And I am glad the Ducks made it to Pasadena. I just wish they would have competed!

Before law school, I explored trying to get a Master's in "Public Administration" at University of Alaska.
Not such a bad idea, as there are many great jobs in Public Administration. YOu like politics, maybe you should run for office?

I would absolutely love that. The only problem I would have is everyone on this board would call up and tell the media of all my past behavioural issues and such. I wouldn't last a day. Could you imagine all the posts being shown on CNN from MR? It would cripple me faster than Richard Simmons finishing off yet another penis. I can tell you I wouldn't be boring though. I would give the media nice soundbites though. Might even drop a curse word in there to get the attention of the viewer. What you think? Hey, if that dolt Palin can run and be governor, then anything is possible.

[Ehwmatt]

The path for many entering law school is a major in political science.
Hey, my team went to the Rose Bowl this year too! That's nothing to Blech at.

Yeah, I should have done the same thing, instead I went to Public Admin. I am a Dumbass.

And I am glad the Ducks made it to Pasadena. I just wish they would have competed!

Before law school, I explored trying to get a Master's in "Public Administration" at University of Alaska.
Not such a bad idea, as there are many great jobs in Public Administration. YOu like politics, maybe you should run for office?

I would absolutely love that. The only problem I would have is everyone on this board would call up and tell the media of all my past behavioural issues and such. I wouldn't last a day. Could you imagine all the posts being shown on CNN from MR? It would cripple me faster than Richard Simmons finishing off yet another penis. I can tell you I wouldn't be boring though. I would give the media nice soundbites though. Might even drop a curse word in there to get the attention of the viewer. What you think? Hey, if that dolt Palin can run and be governor, then anything is possible.

I can only imagine your campaign speeches threatening to whip your crank out and "stroke one out live" if your opponent was being truthful or your colorful stories of shitting your pants by accident.

[SP Fan in Oregon]

The path for many entering law school is a major in political science.
Hey, my team went to the Rose Bowl this year too! That's nothing to Blech at.

Yeah, I should have done the same thing, instead I went to Public Admin. I am a Dumbass.

And I am glad the Ducks made it to Pasadena. I just wish they would have competed!

Before law school, I explored trying to get a Master's in "Public Administration" at University of Alaska.
Not such a bad idea, as there are many great jobs in Public Administration. YOu like politics, maybe you should run for office?

I would absolutely love that. The only problem I would have is everyone on this board would call up and tell the media of all my past behavioural issues and such. I wouldn't last a day. Could you imagine all the posts being shown on CNN from MR? It would cripple me faster than Richard Simmons finishing off yet another penis. I can tell you I wouldn't be boring though. I would give the media nice soundbites though. Might even drop a curse word in there to get the attention of the viewer. What you think? Hey, if that dolt Palin can run and be governor, then anything is possible.

My philosophy for making decisions is: "You only live once." and the other, "Anything is possible." Finally, "It's never too late." i.e. You're going to be 5 years older in 5 years whether you are a politician or not.

If you would "absolutely love that" don't let anything stop you from living your dreams.

[conversationpc]

Oh and anytime you want to compare college diplomas, I am more than willing to.

I wasn't talking about actual education. It's called a figure of speech. And yes, I'm sure you have a supposedly more prestigious degree than I do. Big fricking deal. I know lots of people who don't have a college degree and are far smarter than some people I know that have doctorates.

[Behshad]

The path for many entering law school is a major in political science.
Hey, my team went to the Rose Bowl this year too! That's nothing to Blech at.

Yeah, I should have done the same thing, instead I went to Public Admin. I am a Dumbass.

And I am glad the Ducks made it to Pasadena. I just wish they would have competed!

Before law school, I explored trying to get a Master's in "Public Administration" at University of Alaska.
Not such a bad idea, as there are many great jobs in Public Administration. YOu like politics, maybe you should run for office?

I would absolutely love that. The only problem I would have is everyone on this board would call up and tell the media of all my past behavioural issues and such. I wouldn't last a day. Could you imagine all the posts being shown on CNN from MR? It would cripple me faster than Richard Simmons finishing off yet another penis. I can tell you I wouldn't be boring though. I would give the media nice soundbites though. Might even drop a curse word in there to get the attention of the viewer. What you think? Hey, if that dolt Palin can run and be governor, then anything is possible.

My philosophy for making decisions is: "You only live once." and the other, "Anything is possible." Finally, "It's never too late." i.e. You're going to be 5 years older in 5 years whether you are a politician or not.

If you would "absolutely love that" don't let anything stop you from living your dreams.

Add to that list " dont eat yellow snow" and "Why do it today when there's tomorrow" and you pretty much got the 5 commandments of decision making covered

[SP Fan in Oregon]

Well, I also try to live by the Ten Commandments cause it helps me stay out of trouble.

Since this is a political thread, I thought you might find this interesting as well.

As you walk up the steps to the building which houses the U..S Supreme Court you can see near the top of the building a row of the world's law givers and each one is facing one in the middle who is facing forward with a full frontal view ... It is Moses and he is holding the Ten Commandments! As you enter the Supreme Court courtroom, the two huge oak doors have the Ten Commandments engraved on each lower portion of each door. As you sit inside the courtroom, you can see the wall, right above where the Supreme Court Judges sit, a display of the Ten Commandments! There are Bible verses etched in stone all over the Federal Buildings and Monuments in Washington , D.C. James Madison, the fourth president, known as 'The Father of Our Constitution' made the Following statement: 'We have staked the whole of all our political Institutions upon the capacity of mankind for Self-government, upon the capacity of each and all of us to govern ourselves, to control ourselves, to sustain ourselves according to The Ten Commandments of God.' Every session of Congress begins with a prayer by a paid preacher, whose salary has been paid by the taxpayer since 1777. Fifty-two of the 55 founders of the Constitution were members of the established Orthodox churches in the colonies.. Thomas Jefferson worried that the Courts would overstep their authority and instead of Interpreting the law would begin making law an oligarchy the rule of few over many.How then, have we gotten to the point that everything we have done for 220 years in this Country is now suddenly wrong and Unconstitutional?

I think the members of Congress need to remember the roots of this Country also.

[conversationpc]

Add to that list " dont eat yellow snow" and "Why do it today when there's tomorrow" and you pretty much got the 5 commandments of decision making covered

That philosophy has sustained me through many a year.

[The_Noble_Cause]

Well, I also try to live by the Ten Commandments cause it helps me stay out of trouble.

Since this is a political thread, I thought you might find this interesting as well.

As you walk up the steps to the building which houses the U..S Supreme Court you can see near the top of the building a row of the world's law givers and each one is facing one in the middle who is facing forward with a full frontal view ... It is Moses and he is holding the Ten Commandments! As you enter the Supreme Court courtroom, the two huge oak doors have the Ten Commandments engraved on each lower portion of each door. As you sit inside the courtroom, you can see the wall, right above where the Supreme Court Judges sit, a display of the Ten Commandments! There are Bible verses etched in stone all over the Federal Buildings and Monuments in Washington , D.C. James Madison, the fourth president, known as 'The Father of Our Constitution' made the Following statement: 'We have staked the whole of all our political Institutions upon the capacity of mankind for Self-government, upon the capacity of each and all of us to govern ourselves, to control ourselves, to sustain ourselves according to The Ten Commandments of God.' Every session of Congress begins with a prayer by a paid preacher, whose salary has been paid by the taxpayer since 1777. Fifty-two of the 55 founders of the Constitution were members of the established Orthodox churches in the colonies.. Thomas Jefferson worried that the Courts would overstep their authority and instead of Interpreting the law would begin making law an oligarchy the rule of few over many.How then, have we gotten to the point that everything we have done for 220 years in this Country is now suddenly wrong and Unconstitutional?

I think the members of Congress need to remember the roots of this Country also.

I wouldn’t trust a mostly debunked spam email as an authoritative source on the “roots of this country.”

http://www.snopes.com/politics/religion/capital.asp

Here’s a good rule of thumb – if a person you’re sparring with tries telling you the Founders were 100% this way or 100% that way, they are liars.
If that were remotely true, the constitutional convention of 1787 would’ve been resolved in a weekend, and not five drawn-out months.
For every example of a Founder acting religious, there’s a counterexample of them acting like secular products of the enlightenment.
Any dishonest bastard can selectively pick, choose, and spin as they please.

[7 Wishes]

You do realize Moses dropped the third stone, with Commandments 11-15, on his way down the mountain, right?

"I give to you these 15...uh...10! Ten commandments!"

[Rockindeano]

It seems as though there is not one Republican who isn’t a hypocrite on some underlying yet monstrously substantial thing.

War mongers who won’t themselves fight,

no "socialist healthcare, though they themselves have it,

no deficit spending unless it’s by them,

no reconciliation unless it’s for a trillion dollar tax cut for the rich

hate the gays but bless the child molesting church( when will Mahoney be imprisoned?)

,lobbyists in waiting, which could be the title of a new fairy tale, they must read the entire healthcare package but not one of them read the PATRIOT ACT before they voted for it. Gutterepublicans!!!!

Sick bastards.

[slucero]

Bush has a huge part of the blame in spending... so does Clinton for signing into law the legislation Gramm-Leach-Bliley act in 1999 that freed the banks and Wall Street to revisit their Crash of '29 ways... which resulted in the massive bailouts... by Bush and Obama...

Both parties are culpable for the "state of the State"

Obama is only exacerbating the problem with continued spending... but that's all both parties know anymore....

Something of interest here is the true US debt... when taking into consideration all liabilities, including Social Security, Medicaid, Medicare, etc... it looks like this:



Simply put.. the the true deficit of the federal government obligations exceeds the gross domestic product of the world.


I wonder if any of ya knew this...

All moneys we pay into the Social Security Trust Fund via FICA and SSI taxes are used to purchase United States Treasury bonds. These bonds are issued by the U.S. Treasury to raise money to pay for budget deficits. The total value of all outstanding Treasury bonds is the national debt. The Social Security trust funds own part of the national debt.

There is no Social Security Trust Fund with cash in it. There hasn't been for a long time, and healthcare reform will not fix this...

The cash paid in is immediately used by the Federal government, who in turn sell the Treasury bonds (with interest) on the world debt market. Japan and China are the #1 and #2 holders of this type of US debt. China was #1 but they are beginning to sell off their debt, as they see the US having looming issues regarding repayment.

This is the biggest problem this country faces... solvency... and for it to be resolved... spending must end... but as I said earlier... that's all both parties know anymore....

[The_Noble_Cause]

Bush has a huge part of the blame in spending... so does Clinton for signing into law the legislation Gramm-Leach-Bliley act in 1999 that freed the banks and Wall Street to revisit their Crash of '29 ways... which resulted in the massive bailouts... by Bush and Obama...

You're missing the forrest for the trees.
What kind of legislation was Gramm-Leach?
Which party is still pushing for more lax deregulation exactly like it?

[slucero]

Bush has a huge part of the blame in spending... so does Clinton for signing into law the legislation Gramm-Leach-Bliley act in 1999 that freed the banks and Wall Street to revisit their Crash of '29 ways... which resulted in the massive bailouts... by Bush and Obama...

You're missing the forrest for the trees.
What kind of legislation was Gramm-Leach?
Which party is still pushing for more lax deregulation exactly like it?

...

You keep focused on that forest and you'll miss the ecosystem it sits in...

Repealing the parts of the Glass-Steagal of 1933 that prohibited banks and insurance companies from doing and becoming what Goldman, Lehman, Bear Stearns, Merril Lynch, AIG, etc., became, and the damage they've done to the world economy... is what the 1999 Gramm-Leach-Billey Act did, passed by a Republican Congress and signed into law by President Clinton.. who later would defend his signing of it, and not allow the Republicans to take full blame... as he said to Maria Bartiromo in an interview...

After the Wall Street meltdown BOTH SIDES OF CONGRESS Congress proposed re-enacting it, and last week the founder of the Vanguard Fund said it should be re-instated...

All this posturing about banking reform is just that.. posturing. It's an election year.. both parties know they have to make themselves look like they are the good guys...

As I said... both parties are to blame. But they want you to focus on "the other party", so you won't step back and see the reality of either parties impotence.

[RedWingFan]

Unemployment up to 9.7%. Discouraged workers up to 16.5%. 30,000 jobs lost in February....all this before they revise the #'s down a couple of times. Hell of a job Mr president.

[slucero]

Unemployment up to 9.7%. Discouraged workers up to 16.5%. 30,000 jobs lost in February....all this before they revise the #'s down a couple of times. Hell of a job Mr president.

U-6 is 16.8.... not 16.5


http://data.bls.gov/cgi-bin/print.pl/ne ... it.t15.htm

[The_Noble_Cause]

You keep focused on that forest and you'll miss the ecosystem it sits in...

Repealing the parts of the Glass-Steagal of 1933 that prohibited banks and insurance companies from doing and becoming what Goldman, Lehman, Bear Stearns, Merril Lynch, AIG, etc., became, and the damage they've done to the world economy... is what the 1999 Gramm-Leach-Billey Act did, passed by a Republican Congress and signed into law by President Clinton.. who later would defend his signing of it, and not allow the Republicans to take full blame... as he said to Maria Bartiromo in an interview...

After the Wall Street meltdown BOTH SIDES OF CONGRESS Congress proposed re-enacting it, and last week the founder of the Vanguard Fund said it should be re-instated...

All this posturing about banking reform is just that.. posturing. It's an election year.. both parties know they have to make themselves look like they are the good guys...

As I said... both parties are to blame. But they want you to focus on "the other party", so you won't step back and see the reality of either parties impotence.

Certain members of both parties may have advocated reinstating Glass-Steagall, I don't believe it has been yet. Nor will it.
Still, at least with the Dems in charge there is an ongoing debate over regulating deriviatives and whatnot.
The GOP was against Glass-Steagall under FDR, and remain against financial regulation now.
Like the story of the frog and the scorpion, that’s just their nature.

[RedWingFan]

Unemployment up to 9.7%. Discouraged workers up to 16.5%. 30,000 jobs lost in February....all this before they revise the #'s down a couple of times. Hell of a job Mr president.

U-6 is 16.8.... not 16.5


http://data.bls.gov/cgi-bin/print.pl/ne ... it.t15.htm

thanks I was going off of memory. I still haven't learned how to c&p on this droid yet.

[Gin and Tonic Sky]

This is the biggest problem this country faces... solvency... and for it to be resolved... spending must end... but as I said earlier... that's all both parties know anymore....

Unfortunately you are right here. If you look at list of some of the biggest single things which enabled the explosion of big government spending in the last 100 years you see the blame is pretty evenly matched between Republican and Democrat:

1)Woodrow Wilson (Democrat) - enabled the introduction of the first permament income tax- This made the explosion of public spending possible.
2)Franklin D Roosevelt (Democrat) - the New Deal Social Security. largest expansion of US govt to date.
3) Eisenhower (Republican) allowed a 91 % top rate of taxation to balance the budget. Just encouraged more govt spending
4)LBJ- (Democrat) The great society - the largest expansion of Federal Spending (and the creation of a permament urban structural unemployement)
5).Nixon- (Republican)- The abandonment of the Gold Standard. Made it possible to print money endlessly thus enabling debt to mushroom. Maybe the biggest mistake in this list.
6).Carter - (Democrat) creation of two huge federal money wasting agencies - Department of Education and Energy not to mention the EPA
7) .Bush 41 (Republican) - Medicaire fix bill , the 2008 bailout, bullshit "big government conservativism"
8 Obama (Democrat ) the second stimulus, the impending take over of 1/6 of the US economy,

(and the 2 democrats and 2 republican presidents not on the above "hall of shame" the list didn't do much to fight the trend wither). Neither of the two main parties will ever do anything about spending and debt. It gives them power.