Wall Street & President Barack Obama

Wall Street refers to the financial district of New York City, named after and centered on the eight-block-long street running from Broadway to South Street on the East River in Lower Manhattan. The Presidency of Barack Obama began at noon EST on January 20, 2009, when he became the 44th President of the United States. 5.0/5

Wall Street President Barack Obama White House Mitt Romney President Obama United States Barack Obama Wall Street Journal Consumer Financial Protection Bureau Eric Holder Federal Reserve Affordable Care Act Exchange Commission Main Street Bernie Sanders Elizabeth Warren

President Barack Obama delivered the 2015 State of the Union speech on Tuesday in front of a joint session of Congress, laying out his policy vision for the next year. Read his full remarks as prepared for delivery below: Mr. Speaker, Mr. Vice President, Members of Congress, my fellow Americans: We are fifteen years into this new century. Fifteen years that dawned with terror touching our shores; that unfolded with a new generation fighting two long and costly wars; that saw a vicious recession spread across our nation and the world. It has been, and still is, a hard time for many. But tonight, we turn the page. Tonight, after a breakthrough year for America, our economy is growing and creating jobs at the fastest pace since 1999. Our unemployment rate is now lower than it was before the financial crisis. More of our kids are graduating than ever before; more of our people are insured than ever before; we are as free from the grip of foreign oil as we’ve been in almost 30 years. Tonight, for the first t ...
David Cay Johnston: Obama launches tax ploy against GOP State of the Union address pushes tax reforms to set stage for 2016 electoral fight, January 21, 2015 2:00AM ET "The most political law in America is the federal tax code. Far from being grounded in sound economics and the Constitutional duty to promote the general welfare, it’s shaped by influence won with campaign contributions and lobbying. We are about to see just how political tax law is thanks to a savvy move by President Barack Obama to frame the 2016 election in ways that will help Democrats keep the White House. In his State of the Union address, the president proposed a host of tax ideas Republicans have long advocated in order to force them to choose between Main Street and Wall Street... Obama’s proposals would cost $230 billion over ten years — less than $2 billion per month. The cost of this modest tax relief for Middle Class Americans would be paid by raising taxes at the top by $320 billion — a bit more than $2.6 billion per m ...
President Barack Obama's approval rating has ticked UP to 46% [Wall Street Journal sponsored polling] and yet good *Christians* like my friend, the Reverend Charles Walter, continue to stutter and stammer about him!
Did President Obama say it right ? That this country does best when everyone gets their fair shot, everyone does their fair share and everyone plays by the same set of rules.' He laid out ways we can create more opportunities for working families -- helping students get an education without getting crushed by debt, expanding access to paid sick time and family leave, and investing in medical and scientific research for the future. He also made clear that the White House will push back hard against efforts to roll back critical Wall Street Reforms. Families just need a level playing field, and if they can get it, we can rebuild America's great Middle Class. It's time to get started. And did Sen. Joni Ernst firmly seized -- and waved -- the mandate Republicans believe they won in the November midterm elections, which swept her party into power in the Senate, as she delivered the Republican response to President Barack Obama's State of the Union address ? You decide.
WASHINGTON -- Wall Street banker Antonio Weiss has asked President Barack Obama not to renominate him to a top Treasury Department post because of the fight being waged against him by Sen. Elizabeth Warren (D-Mass.) and other Democrats. First repo...
I just signed a petition to The United States House of Representatives, The United States Senate, and President Barack Obama: Taxpayers should never again have to bail out Wall Street banks that fail as the result of their own reckless actions. We stand with Senator Elizabeth Warren in calling on Co…
Republicans seize Senate, gaining full control of Congress By Stephen Collinson, CNN updated 8:00 AM EST, Wed November 5, 2014 Your video will play in 0 secs STORY HIGHLIGHTS Republicans take Senate seats in Iowa, North Carolina, Colorado, Arkansas, South Dakota, Montana and West Virginia CNN projects GOP will keep the House and Senate Mitch McConnell beat Democrat Alison Lundergan Grimes in Kentucky Obama to make a statement Wednesday afternoon Washington (CNN) -- A Republican tide ripped the Senate away from Democrats Tuesday, giving the GOP full control of Congress and the power to pin down President Barack Obama during his last two years in office. The thumping win upends the balance of power between the White House and Capitol Hill only six years after Obama's Democrats swept to power and marginalized Republicans in a rush to reform health care, Wall Street and pass a huge stimulus package. Republicans take control of U.S. Senate The new GOP power players Now, it's Democrats who will take the back se ...
President Barack Obama "protected Wall Street" at the expense of regular Americans, says Sen. Elizabeth Warren, D-Mass. Obama did great things by using his leverage to establish the Consumer Financial Protection Bureau, Warren says, but undermined his own successes in the decisions he subsequently m…
Global Event Update 18.08.14 Asian markets are mixed today after uninspiring cues from Wall Street last week. In Ukraine, Kiev claimed on Sunday that its army had advanced into the eastern city of Lugansk, marking a breakthrough in a four-month-long campaign against separatists backed by Russia. The White House on Sunday said President Barack Obama had authorized US air strikes in Iraq to help retake control of the Mosul Dam and that the action was consistent with his goal of protecting U.S. citizens in that country. Last week, US and European markets ended the previous week mixed in on fresh conflict between Russia and Ukraine. Ukrainian artillery destroyed a "significant" part of a Russian armored column that crossed into Ukraine during the night, President Petro Poroshenko told British Prime Minister David Cameron on Friday, according to Ukraine's presidential website. Russia, meanwhile, accused Ukraine of attempting to disrupt its humanitarian aid mission to eastern Ukraine and called for a ceasefire ...
Asian bourses saw robust gains on Monday following a positive lead from Wall Street last week as geopolitical jitters eased. U.S. stocks jumped on Friday on hints of reduced tensions in the Russian-Ukraine crisis and as Wall Street viewed American military moves in Iraq as limited. Friday proved the best session in five months for both the Dow Jones Industrial Average and S&P 500, which rose 1.1 and 1.2 percent respectively. The Nasdaq climbed 0.8 percent. President Barack Obama said on Saturday U.S. airstrikes have destroyed arms that Islamic State militants could have used against Iraqi Kurds, but warned there was no quick fix to the Iraqi crisis. Over in Gaza, Israel and the Palestinians agreed on Sunday to an Egyptian proposal for a new 72-hour ceasefire in the region. NIKKEI: 15107.45 (+2.23%) HSI: 24607.21 (+1.13%) ASX 200: 5468.60 (+0.61%) SHANGHAI: 2213.94 (+0.89%) KOSPI: 2045.30 (+0.70%) CNBC 100: 7381.06 (+1.16%) SGXNIFTY: 7635.50 (+0.57%) With positive global cues, domestic markets likely to op ...
Sen. Lindsey Graham will fend off a conservative challenge and win the Republican primary in South Carolina to avoid a runoff, CNN projects. Graham is seeking a third term in the Senate but attracted six opponents in his party's primary, most of them from the conservative wing of the party that is still angry over Graham's 2008 vote for the Wall Street bailout, his voting in favor of President Barack Obama's Supreme Court nominations and his support for immigration reform. Graham will face state Sen. Brad Hutto in the general election. Hutto easily won the Democratic nomination on Tuesday, but in solidly red South Carolina he is considered a long shot to win in November.
WASHINGTON -- House Republican leaders Eric Cantor and John Boehner are about to secure the passage of a bill that chips away at consumer mortgage protections created by President Barack Obama's 2010 Wall Street Reform bill. And they have Democrats t...
Wall Street JournalUkrainian President-elect Petro Poroshenko and U.S. President Barack Obama meet in Warsaw …read more
Former Prime Minister Dr Mahathir Mohamad disagrees with US President Barack Obama over his remark that Malaysia will not succeed if non-muslims are not given equal opportunity. After launching the ‘UN Chronicle’ book here today, Mahathir said that there is no equality in America as only one percent of the US population holds all the wealth. “The one percent, controls the wealth in America and the rest are poor. That is the why there is a group in the US who call themselves ’99′ who want to Occupy Wall Street. “In Malaysia despite our policies, do you see the Chinese as the poorest people? “Indians have become lawyers and doctors. You see, those who didn’t come to Malaysia are not so fortunate,”
Black Wall Street USA Founder and national president Dr. Michael Carter, Sr. released a statement regarding the vile spirit and deplorable words of the Los Angeles Clippers owner. Why are we surprised by this misdirected person's racist expressions. The NCAA and "Draft Day" are nothing more than slavey repress and regress. I fully expect souls of this man's age and low spiritual level to see President Barack Obama and Magic Johnson as rice patty *** Get real people. The NBA will hold a press conference tomorrow with an announcing the investigation into racist comments from the Clippers owner. The comments released to TMZ over the weekend from a recorded conversation between the Clippers owner and his girlfriend. The NBA told Black Wall Street USA national administrator Ben Johnson by phone today that the league intends to find a resolution before Tuesday night. Really? From this spiritual vantage point the NBA is NOT truly ready after all these years and thousands of African American players to issue ...
Barack 'Strangelove' Obama Plays Nuclear War Video Game With World Leaders (also, link for video of 'World Leaders Wearing Unholy Triangle ~ Pyramid Hologram') President Barack Obama turned the Nuclear Security Summit in the Hague on Monday into a psywar session on just how close we are to nuclear extinction. Over strong protests from German Chancellor Angela Merkel, Obama and British Prime Minister David Cameron herded the 35 world leaders attending the fourth NSS into a computer game based on a scenario of terrorists attacking a major world city with a stolen dirty nuclear bomb. The scenario targeted a major city—"the City of London, or Wall Street or Milan," summit leaders were told. There were three professionally produced videos that the leaders were cajoled into watching and then responding in "real-time" to the options of how to respond. The Daily Telegraph reported on March 25 that German Chancellor Merkel was very upset at the war game ambush, and that she strongly objected, calling it 'inappro ...
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Russian article from 2008: "Obama will trigger World War III starting from the Crimea peninsula" from google translate: Obama begins the third world in the Crimea Remember this page! December 26 , 16:58 | Arseny Palkin Lenty.ru: Japan Crimea is not a hindrance REGNUM: Yatsenuk forced to speak in Russian Under the new U.S. President Barack Obama in the Crimea will be implemented scenario of armed conflict. " It is the American scenario , and under Obama the probability is much higher than under McCain, " - said at a roundtable in Kiev, Russian political scientist Andrei Okara , said " New Region " . Expert explains : "It became clear when it was announced that what people will represent the Obama team . These are people whose professional registration - Wall Street. These people are engaged in a technology called " technologies of controlled chaos . " According to Okara , after Georgia area " controlled chaos " in the first place , was to be the Ukraine, namely - Crimea . " This is the point of a fire , in ...
Some more pesky facts. According to irrefutable data compiled by FactCheck.org – since U.S. President Barack Obama took office the top 1% of wealthy Americans (yep, the same ones most liberals despise, unless of course they happen to work in Hollywood or Wall Street and write big checks to the Dem's) have gained substantial ground while the rest of Americans have either sank deeper into poverty, had to work harder for the same lifestyle or became/remained addicted to government benefits. While Ben Bernanke and the Federal Reserve have managed to inflate the Stock Markets with ZIRP & QE infinity (a fact for which Obama will try to take a bow but deserves no credit for) creating yet another asset bubble, the Middle Class has suffered and seniors on fixed incomes find it hard to get 1% on their savings. It seems the left wing blogs gearing up for elections later this year with their typical disinformation have set the bar really low for what constitutes a 'good job." It's no wonder Democrats up for ree ...
Why aren’t the Wall Street criminals prosecuted? By Barry Grey In May 2012, only days after JPMorgan Chase’s Jamie Dimon revealed that his bank had lost billions of dollars in speculative bets, President Barack Obama publicly defended the multi-millionaire CEO, calling him “one of the smartest bankers we’ve got.” What Obama did not mention is that Dimon is a criminal. The New York Times reported Sunday that the government will shortly announce the latest in a long list of sweetheart settlements with Wall Street banks involved in criminal wrongdoing. Federal regulators and prosecutors will, as early as this week, make public a “deferred prosecution” deal letting JPMorgan and its top executives off the hook for their complicity in the $20 billion Ponzi scheme run by disgraced financier Bernie Madoff. In return for payment of some $2 billion in fines, the biggest US bank and its CEO will be allowed to avoid a criminal indictment or admission of guilt, even as they acknowledge the government’s ...
Farm Bill Conference Report Passes House Posted By Keith Good On January 30, 2014 David Rogers reported yesterday at Politico that, “Given up for dead just months ago, a new five-year farm bill easily cleared the House Wednesday morning, raising hopes that Congress can send it to President Barack Obama next week. “The strength of the House’s 251-166 vote makes this easier, and it’s now expected that when the bill papers arrive in the Senate Thursday, cloture will be filed promptly, setting up a pivotal roll call vote Monday. Senate Agriculture Committee Chairwoman Debbie Stabenow (D-Mich.) has said she wants to finish no later than next Wednesday, and aides in both parties said this was certainly doable. “Filling hundreds of pages, the giant measure combines a landmark rewrite of commodity programs with bipartisan reforms and savings from food stamps. It caps years of struggle spanning two Congresses, a political saga largely ignored by the national media and White House but one that fractured t ...
Headlines U.S. World Business Markets Technology Sports Entertainment Health Science Politics Obama plunges ahead toward Iran nuclear deal By MATTHEW LEE AP Diplomatic Writer WASHINGTON (AP) -- On the eve of new talks, President Barack Obama is plunging ahead in search of a nuclear agreement with Iran despite outright opposition from American allies in the Middle East and deep skepticism, if not open hostility, from Congress. Iran is pressing ahead in its own way, trying to make a deal more likely to ease painful economic sanctions without losing its own hardliners at home. There was a fresh sign of efforts to make headway as negotiators from Iran, the five permanent members of the U.N. Security Council and Germany prepared for Wednesday's new round of talks in Geneva. British Prime Minister David Cameron contacted Iranian President Hassan Rouhani in the first such conversation between the leaders of the two countries in more than a decade. Cameron's office said the leaders agreed during their telephone . ...
US, The fiscal crisis plunges the U.S. political class at its worst Popularity By " La Recontra Oferta Newspaper " LRON at San Jose, CA US 13:15PM 11.04.2013 Distrust of politicians reaches Capitol president whose personal acceptance level is the lowest since he ran for president Escampada the shadow of bankruptcy and closure solved Administration , far from diminishing, the discontent of Americans toward their politicians and mistrust on their ability to stop solving the problems confronting this country have reached historic levels of according to the latest survey published jointly by the Wall Street Journal and NBC. The disgust was also peppered President Barack Obama, whose personal popularity level is the lowest since announcing his candidacy for the White House. If Obama seemed to emerge unscathed from his pulse with Republicans - who was responsible for the administrative paralysis , during the fiscal crisis that paralyzed the role of government , the new revelations of NSA's massive spying , prob ...
PERSECUCION RELIGIOSA. EN ESTADOS UNIDOS! ? In April, Rafael Cruz, the father of Sen. Ted Cruz (R-Texas), spoke to the Tea Party of Hood County, which is southwest of Fort Worth, and made a bold declaration: The United States is a "Christian nation." The septuagenarian businessman turned evangelical pastor did not choose to use the more inclusive formulation "Judeo-Christian nation." Insisting that the Declaration of Independence and the US Constitution "were signed on the knees of the framers" and were a "divine revelation from God," he went on to say, "yet our president has the gall to tell us that this is not a Christian nation…The United States of America was formed to honor the word of God." Seven months earlier, Rafael Cruz, speaking to the North Texas Tea Party on behalf of his son, who was then running for Senate, called President Barack Obama an "outright Marxist" who "seeks to destroy all concept of God," and he urged the crowd to send Obama "back to Kenya." Comments uttered by a politician's ...
Dodd-Frank Act Hammering Low-Income Americans The Dodd-Frank Act was designed to reform Wall Street and protect consumers, but in fact it is making lower-income Americans worse off financially and cutting them off from traditional banking services. "Dodd-Frank punished Wall Street at the poor's expense, turning mainstream banking into a luxury available only for the Middle Class and rich," says Abby McCloskey, program director of economic policy at the American Enterprise Institute. The Dodd-Frank Wall Street Reform and Consumer Protection Act, signed into law by President Barack Obama in July 2010 in response to the late-2000s recession, made changes in the regulatory environment that affect almost every part of the nation's financial services industry. It is estimated to cost the eight largest banks alone up to $34 billion a year. Those costs are passed along to consumers. As banks "hunker down amid Dodd-Frank uncertainty, they have cut $70 billion in credit cards in three years," McCloskey writes in Fo ...
LAROUCHE: SHUTDOWN SWINDLE MANUFACTURED TO KILL GLASS-STEAGALL, IMPLEMENT BAIL-IN (from today’s PDF news post) U.S. statesman and physical economist Lyndon La-Rouche stated bluntly on 5 October that the ongoing U.S. government shutdown and threatened default on U.S. sovereign debt on Oct. 17 is nothing more than an orchestrated swindle, aimed at conditioning the American people for the murderous policies that have already been accepted by Obama and by leading Congressional Republicans. Wall Street had demanded that President Barack Obama stop at all costs the reinstatement of Glass- Steagall—the 1933-1999 law that separated deposit-holding commercial banks from reckless investment banks—and instead move ahead with more bailouts and bail-in looting of the American people to preserve their thoroughly bankrupt system. The Wall Street policy means an acceleration of crippling hyperinflation, devastating austerity and, ultimately, mass murder of the nation's most vulnerable citizens. Several highly qua . ...
ASIA MARKETS: Asia Stocks Mostly Higher; Tokyo Up On Weaker Yen A weaker yen helped Japanese stocks lead gains in Asia on Thursday, while losses in mining stocks kept Australia in negative territory. The ongoing fiscal impasse in the U.S. remained at the forefront, with investors concerned that Washington could pass the deadline to raise the debt ceiling --- a move that could lead to a default. There were some small signs of progress in deadlock, after news that President Barack Obama would meet House Democrats on Wednesday and House Republicans on Thursday helped Wall Street close in positive territory. Stocks in Japan and South Korea followed these gains on Thursday, with the Nikkei up 0.8% and the Kospi 0.2% higher. There was also strength in Southeast Asia, where Singapore's Strait Times index rose 0.5% and the Philippines PSE Composite added 0.3%. Asian markets have proved resilient this week, against a backdrop of Wall Street declines, with the region more receptive to good news. Although the region ...
WASHINGTON (AP) - A possible national default loomed closer on Monday as the partial government shutdown lingered, rattling markets in the U.S. and overseas. A gridlocked Congress betrayed little or no urgency toward resolving either of the threats. Stocks got a case of the jitters on Wall Street, and halfway around the world China stressed the importance for the international economy of raising the U.S. debt limit. "Safeguarding the debt is of vital importance to the economy of the U.S. and the world," Vice Finance Minister Zhu Guangyao said, according to the official Xinhua News Agency. China holds $1.277 trillion in U.S. Treasury bonds, second only to Japan. At home, the political rhetoric was unchanged - and generally uncompromising - while a new poll suggested Republicans are paying a heavier price than Democrats for the deadlock. President Barack Obama said the House should vote immediately on ending the partial closure of the federal establishment. He accused House Speaker John Boehner of refusing ...
Obama, congressional leaders still deadlocked on shutdown WASHINGTON, Oct 2 (Reuters) - President Barack Obama met with Republican and Democratic leaders in Congress on Wednesday to try to break a budget deadlock that has shut wide swaths of the federal government, but there was no breakthrough and both sides blamed each other. After more than an hour of talks, House of Representatives Speaker John Boehner said Obama refused to negotiate, while House Democratic Leader Nancy Pelosi and Senate Majority Leader Harry Reid accused Republicans of trying to hold the president hostage over Obamacare. Reid said Obama told Republicans "he will not stand" for their tactics. The White House later issued a statement saying that Obama remains hopeful that "common sense will prevail." There was little to encourage hope for a quick solution to the two-day-old shutdown and hundreds of thousands of federal employees remained off the job without pay. Leaders of the Republican-controlled House of Representatives and the Demo ...
U.S. government shuts down as Congress can't agree on spending bill Washington (CNN) -- The U.S. government shut down at 12:01 a.m. ET Tuesday after lawmakers in the House and the Senate could not agree on a spending bill to fund the government. The two sides bickered and blamed each other for more than a week over Obamacare, the president's signature health care law. House Republicans insisted the spending bill include anti-Obamacare amendments. Senate Democrats were just as insistent that it didn't. Federal employees who are considered essential will continue working. But employees deemed non-essential -- close to 800,000 will be furloughed. Most furloughed federal workers are supposed to be out of their offices within four hours of the start of business Tuesday. President Barack Obama issued a statement early Tuesday to military members and Department of Defense employees about the outcome of the shutdown. "Those of you in uniform will remain on your normal duty status," the president said. "Congress . ...
During his 21-hour talkfest on the Senate floor earlier this week, Sen. Ted Cruz (R-Texas) went through a litany of examples that he said highlighted the abject failures of President Barack Obama's policies. One of them involved the case of John Connelly, a Rutgers student who found himself in debt, without a permanent job, and forced to sleep on his friend's couch. His story was one that was all too common in the age of Obama, Cruz concluded. Well, it turns out that Connelly isn't the biggest fan of Cruz. What's more, he is actually a beneficiary of the very health care law that Cruz was protesting during his speech. And in an appearance on MSNBC Friday morning, Connelly explained just how ironic it was that the senator would use his story to bludgeon the president and the Affordable Care Act. "A friend of mine called me the next morning as I was on the way to an optometrist appointment . , 'While Ted Cruz was talking about why the ACA's bad, he mentioned your name.' And I said, 'Well, that's funny. I'm ...
On this day in the American presidency, Sept. 25: • 1919, President Woodrow Wilson collapsed after a speech in Pueblo, Colo., during a national speaking tour in support of the Treaty of Versailles (vehr-SY'). • 2008, Republican John Mccain and Democrat Barack Obama sat down with President George W. Bush at the White House to discuss a multibillion-dollar Wall Street bailout plan, but the session, which also included top congressional leaders, devolved into what the McCain campaign described afterward as a "contentious shouting match." • 2008, Republican Vice Presidential nominee Sarah Palin defended her remark that the close proximity of Russia to her home state of Alaska gave her Foreign Policy experience, explaining in a CBS interview that "we have trade missions back and forth." Palin's remark was famously lampooned by Tina Fey as "and I can see Russia from my house." • 2012, President Barack Obama, speaking to the U.N. General Assembly, pledged U.S. support for Syrians trying to oust President ...
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OBAMA ON THE ROPES Groundswell Is Growing For Glass-Steagall Passage by Nancy Spannaus Sept. 17—Nine months into his second term, President Barack Obama is ripe for impeachment, and he and his closest coterie know it. He is being besieged by bipartisan opposition to his violations of the Constitution on surveillance, and to his threat of going to war in Syria in violation of international and Constitutional law. He faces a huge revolt in Congress over his coverup of the truth about the Benghazi 9/11 murders, and near-universal disgust over his economic policies—from plummeting living standards to Obamacare—in the population at large. This is the context for Obama's latest retreat—his decision to back off from nominating Wall Street toady Larry Summers as the successor to Ben Bernanke as chairman of the Federal Reserve. Oregon Sen. Jeff Merkley had already informed the White House that at least five Democrats on the Senate Banking Committee would oppose Summers, according to a report in the HuffPos ...
Okay everybody: you want a better choice than the "lesser of evils" in 2016? Time to start looking for someone to challenge Hillary for the Democratic nomination. Just as a little reminder of why I detest the idea of her candidacy so much: What’s more, both the party’s leadership and its rank and file appear enthusiastic about the potential presidential candidacy of Hillary Clinton, who as First Lady was part of the administration that cut welfare benefits (in a destructive and ultimately discredited “reform” process) and deregulated Wall Street in a way that directly contributed to the 2008 crisis. Since the talk about a 2016 run began, she has made no effort to distance herself from those policies or to stake out a different position on any significant economic issues. (Alternet, see previous posts) And yet, Obama is already starting up the massive money machine for her nomination: Former senior aides to President Barack Obama's re-election campaign have signed onto a prominent super PAC dedi .. ...
With President Obama using his executive powers to enact an aggressive action plan for climate control without Congress, his implementation of groundbreaking health care reform (Obamacare), the passing of *** Equal Rights, the turnaround of a recession, the repeal of "Don't Ask Don't Tell," the murder of Osama Bin Laden, the ending of the Iraq War, the reversal of Bush's torture policies, the improvement of America's international relationships, the reformation of Wall Street and the recapitalization of the banks it is quite obvious and evident that President Barack Obama will go down in history as one of the greatest Presidents ever in the United States, yep, I said it! People might not appreciate him now but history will tell a great and profound story about President Obama's Administration.
THE WORLD WE LIVE IN DETROIT BATTLE: GLASS-STEAGALL AND NATIONAL CREDIT, OR MASS MURDER June 19, 2013 • 4:46PM Austerity as deep, as deadly, and as sure to fail as that imposed on Greece, Ireland, Portugal, and Cyprus by the European "Troika", is now being demanded against the City of Detroit, with disastrous potential consequences for bankrupt cities and states around the nation. The unconstitutional elimination of public employee pension and health benefits, and drastic reductions in wages, being proposed by Detroit's "Emergency City Manager", Kevyn Orr, will have the same impact as Wall Street's drastic 50% cut in private (auto sector) wages and benefits from 2006 through the 2009 auto bailout by President Barack Obama. With private wage and benefit cuts, Obama accelerated the contraction and impoverishment of the former arsenal city of democracy; with the public cuts, Orr will finish its destruction even while failing to make its debts "payable". THIS IS A MASS MURDEROUS POLICY, AND CANNOT BE TOLERA ...
PRESS RELEASE _ LaRouche: Jail Bernanke, Geithner and Obama Now For Massive Theft and Loan Fraud July 26 (EIRNS)—This release was issued today by the Lyndon LaRouche Political Action Committee (LaRouche PAC) Lyndon LaRouche today called for the immediate jailing of Federal Reserve Chairman Ben Bernanke, Treasury Secretary Timothy Geithner and President Barack Obama for their role in a massive theft of taxpayers money, in the 2008 bailout of Wall Street and London, and the ongoing pledge to continue the bailout of the hopelessly bankrupt European Monetary Union and Wall Street. LaRouche made the demand after reviewing the July 2011 Government Accountability Office (GAO) audit of the Federal Reserve, which is the first installment of a larger audit to be completed by October of this year. The preliminary audit revealed a trail of criminal action on the part of Bernanke and Geithner. In March 2008, Fed Chairman Bernanke fraudulently invoked an emergency clause in the Federal Reserve Act, claiming that on t ...
By Sarah N. Lynch WASHINGTON (Reuters) - President Barack Obama nominated two U.S. Senate aides on Thursday to serve as members of the Securities and Exchange Commission, the agency tasked with policing Wall Street. Obama said Kara Stein, an aide to Rhode Island Democratic Senator Jack Reed, would r...
Mike Papantonio from the Ring of Fire Radio Show fills in for Big Eddie! Richard Eskow from the Campaign for America’s Future will join us to discuss the continued push for austerity. Author and Nation magazine contributor Ari Berman will tell us how Congress can help remove voting hurdles. Journalist Alex Zaitchik will be here to talk about the corporations that are getting rich off climate change. Journalist David Dayen will talk to us about the Wall Street insiders trying to destroy finance reform. And Lori Wallach from Public Citizen will tell us why the Trans Pacific Partnership is a bad deal for America. President Barack Obama will seek to draw attention away from a series of domestic contoversies with a speech on Thursday that defends the U.S. use of drones abroad and lays out a vision for closing the military prison in Guantanamo Bay, Cuba. We'll bring you the latest. Military and civilian lawyers for prisoners at the Guantanamo naval base urged U.S. Defense Secretary Chuck Hagel to improve cond ...
I believe it's time we look into all that has gone on all during President Barack Obama's 2 terms as of so far: Remembering the Gun sale mishaps in Fast and Furious in Mexico? I bet Eric Holder knows? Then shortly there after the Bordor Patrol murders and Nun kidnappings? Followed by the Colorado and Virginia Tech shootings. It was the start of the *** right's rallies for same-sex marriage's. Then we heard of the Gabby Gifford shooting attempt in Texas. The housing Market dropped and Wall Street crashed with Banking frauds,Barney Frank? The terrible mishaps of the B.P. Oilspills and cleanup. Then the shock of the movie theater massacre by Holmes. Lets follow that up with the Benghazi murder scandal of 4 people. There was the Black Panther Hearings of Chicago involving Obama. Forgot about that one didn't you? The tragic children and teachers Newtown school shooting massacre. The 4 years of war in Syria and the death of some 80 million people while we sit by and do nothing. The horrible and tragic case of A ...
(video) Eliot Spitzer says President Barack Obama was on Wall Street's side from Day One
Senate Democrats prepare government funding bill WASHINGTON (AP) -- Senate Democrats are preparing a catchall government funding bill that denies President Barack Obama money for implementing signature first-term accomplishments like new regulations on Wall Street and his expansion of government health care subsidies but provides modest additional funding for domestic priorities like health research. The measure expected to be released Monday is the product of bipartisan negotiations and is the legislative vehicle to fund the day-to-day operations of government through Sept. 30 - and prevent a government shutdown when current funding runs out March 27. Passage in the Senate this week would presage an end to a mostly overlooked battle... ~GeeK3r
Thomas Perez, a top U.S. Justice Department official, is President Barack Obama's choice to become the new secretary of labor (Wall Street)
video with graph showing the disbursement of wealth in America | March 07, 2013 Blame beyond Washington, just watch this video March 9: Countdown’s Keith Olbermann places the blame for the economic downturn past President Barack Obama and President Bush to the Wall Street executives who paid politicians and brought deregulation. Foreclosure Wars, The US Federal And State Governments Conspiring With Criminal Organiztions To Seize Private Property Posted by: Matthew D. Weidner, Esq. | on February 28, 2013 K. Black 'Pervasive' Fraud by Our 'Most Reputable' Banks Posted: 02/28/2013 8:45 am Finance scholars are not known for their sense of humor, but the irony of calling the world's largest and most harmful financial control frauds our "most reputable" banks is quite wondrous. The point the financial scholars make is one Edwin Sutherland emphasized from the beginning when he announced the concept of "white-collar" crime. It is the officers who control seemingly legitimate, elite busines ...
Bring on the sequester's federal cuts By Matt Towery Fri, Feb 22, 2013 Of course, just like the “fiscal cliff” we never jumped off of, the nation will likely never see the so-called “sequester” or “automatic sequential budget cuts” that were agreed to by President Barack Obama and Congress come to fruition in March. That’s because the president, the politicians and the media will work the public and Wall Street into a frenzy, and we will have another of our national panic attacks leading to an 11th-hour compromise. And of course that compromise will be some short-term patch that serves as another Band-Aid while our debt situation gets further out of control. But consider what happens if the automatic cuts actually do take place. According to Jamie Dupree, a reliable and veteran reporter on Capitol Hill, the sequester is not just a reduction in the rate of spending. He reports that the cuts would result in an actual baseline reduction in the federal budget for FY 2013. And while the amount of ...
"The 43 U.S. Senators who signed a letter to President Barack Obama pledging to block Richard Cordray’s re-appointment to the Consumer Financial Protection Bureau (CFPB) have received nearly $143 million in campaign contributions from the finance, insurance, and real estate sector—those who’d benefit the most from a weakened CFPB. On Friday, Senate Minority Leader Mitch McConnell (R-Ky.) joined 42 of his colleagues in saying he will block Cordray’s appointment unless several concessions are made that would weaken the agency’s ability to hold financial industry actors accountable for bad acts. It's an agency with teeth, holding big banks and other financial companies accountable, perfect reasons for the industry to want its acolytes in Congress to weaken it. Here are the facts on the letter signers’ Wall Street cash: The 43 Senators have received $143 million in industry cash during their time in Washington. Sen. John Mccain (R-Ariz.), boosted by his 2008 presidential bid, is the top recipient ...
No sooner do Democrats cave on real filibuster reform, than Republicans get to work filibustering any hope of reining in Wall Street. Adam Serwer has the details: A little more than a week after Senate Democrats decided not to weaken the filibuster, Republicans are vowing to filibuster President Barack Obama's nominee to head the Consumer Financial Protection Bureau unless its powers are reduced, Reuters reports. The CFPB was created as part of the 2010 financial regulation bill specifically to prevent financial institutions from engaging in the kind of exploitative practices that helped lead the country to the brink of economic collapse in 2008. Since January 2012, when Obama appointed former Ohio Attorney General Richard Cordray to head the bureau, it has done exactly that—reigning in unscrupulous mortgage lenders, credit card companies, and debt servicers. But the CFPB has only been able to do those things because Obama, using what's called a recess appointment, installed Cordray in his post while mo ...
(interesting article via Bloomberg) Spectre of all-out currency war looms By Goh Eng Jan. 28 (Straits Times) -- WHAT a contrast between now and four years ago. Last week, Wall Street was barely able to stifle a yawn over the party staged in Washington to usher in US President Barack Obama's second term. Analysts and fund managers have their sights trained elsewhere than on politics, as they trip over one another with their bullish market projections. It was very different from the dour mood which greeted Mr Obama when he first took office in January 2009, with a brutal sell-off of US financial stocks causing the rest of the world's Stock Markets to plummet as well. Still, there is one glaring superficial similarity which some market pundits are beginning to express concerns about. This is the spectre of an all-out currency war as countries big and small try to devalue their currencies as a way to boost their economies. Four years ago, as the global financial crisis sparked a savage recession, the worry wa ...
Obama picks former prosecutor to head SEC JULIE PACE and MARCY GORDON - Today Mary Joe White speaks as President Barack Obama listens in the State Dining Room of the White House in Washington, Thursday, Jan. 24, 2013, after he announced that he will nominate White to lead the Security and Exchange Commission (SEC), and re-nominate Richard Cordray to lead the Consumer Financial Protection Bureau, a role that he has held for the last year under a recess appointment. (AP Photo/Carolyn Kaster) WASHINGTON (AP) - President Barack Obama sent his strongest signal yet Thursday that he wants the government to get tougher with Wall Street, appointing a former prosecutor to head the Securities and Exchange Commission for the first time in the agency's 79-year history. Mary Jo White, former U.S. attorney in Manhattan, has an extensive record of prosecuting white-collar crime, won convictions in the 1993 World Trade Center bombing and the 1998 terrorist attacks on two U.S. embassies in Africa, and put crime boss John . ...
WASHINGTON -- President Barack Obama will nominate former U.S. attorney Mary Jo White, who built a reputation prosecuting white-collar crimes, to lead the Securities and Exchange Commission, an agency that has a central role in implementing Wall Street Reform. White House press secretary Jay Carney ...
Bankers at Davos Swap Obama-Bashing for Pragmatism Jan. 23 (Bloomberg) -- Wall Street leaders descending on Davos this week will drink cocktails at Hotel Schatzalp, consort with Nobel laureates and try to “reshape” capitalism, as the World Economic Forum’s website puts it. They won’t be doing it with as much vitriol as in previous years, when financiers including Blackstone Group LP Chief Executive Officer Stephen Schwarzman lashed out at government leaders, according to interviews with seven executives of firms with ties to the banking industry who are attending the annual Swiss Alpine meeting. Following the second inauguration this week of President Barack Obama, whose re-election Wall Street spent a record amount to prevent, financial elites gathering in Davos say overt antagonism has fallen out of fashion. “We have to move on in our society,” Schwarzman said today in an interview in Davos with Bloomberg Television’s Erik Schatzker. “I like President Obama as a person, and he’s well- ...
Call it “prosecutorial discretion.” Call it “selective deportation.” Call it whatever you want. When the president refuses to enforce immigration law and allows illegal aliens to enjoy many of the benefits of citizenship or legal residence, that’s amnesty. Here’s the truly scary part: this was only the beginning. A recent Associated Press article entitled, “Election Over, Administration Unleashes New Rules” lays bare Obama’s plans to govern by executive fiat in his second term: For months, federal agencies and the White House have sidetracked dozens of major regulations that cover everything from power plant pollution to workplace safety to a crackdown on Wall Street. The rules had been largely put on hold during the presidential campaign as the White House sought to quiet Republican charges that President Barack Obama was an overzealous regulator who is killing U.S. jobs. But since the election, the Obama administration has quietly reopened the regulations pipeline. In other words, don ...
President Barack Obama on Thursday nominated White House Chief of Staff and "Wall Street insider" Jack Lew to become the next Treasury Secretary, succeeding Timothy Geithner—a move that ensures Wall Street interests will continue to be prioritized over those of the American public, critics warn.
Below is an email from the actor Danny Glover, who worked with the organization Just Foreign Policy to create a petition that's taking off on SignOn.org, the nonprofit site that allows anyone to start their own online petition. If you have concerns or feedback about this petition, click here. Urge President Obama to Nominate Paul Krugman for Treasury Secretary. Sign the Petition! Dear MoveOn member, Press reports say President Obama will soon nominate a new Treasury Secretary. Press speculation has centered on candidates likely to support the Wall Street agenda of cuts to Social Security and Medicare benefits and other domestic spending rather than government policies to create jobs. We want President Obama to nominate Nobel Prize-winning economist Paul Krugman, who opposes austerity and wants the government to focus on creating jobs. That's why I created a petition on SignOn.org to President Barack Obama, which says: We urge you to nominate Paul Krugman for Treasury Secretary. Krugman will protect Social ...
U.S. stocks opened with limited gains Wednesday as Wall Street held near two-month highs as President Barack Obama and House Speaker John Boehner continued negotiations to avert steep spending cuts and tax increases in the new year. "We're starting to lead with an assumption of some type of deal being done since both sides erased their lines in the sand," said Art Hogan, market strategist at Lazard Capital Markets. Ahead of the open, the government reported construction on new homes fell 3% while building permits climbed 3.6% in November. "It's probably more important to look at permits and not the starts, as we have a Sandy effect here; permits are a forward-looking catalyst," said Hogan. The Dow Jones Industrial Average DJIA -0.08% rose 5.25 points to 13,356.21. The S&P 500 SPX -0.15% added half a point to 1,447.22. The Nasdaq Composite COMP +0.08% gained 7.06 points to 3,061.58.
The Obama administration is continuing its outreach to Wall Street executives in pressing for a resolution of the U.S. budget dispute, with a meeting planned today between Valerie Jarrett and hedge fund managers, according to an administration official. Jarrett, a senior adviser to President Barack Obama, will meet with financial services executives, including Daniel Och, chief executive of Och-Ziff Capital Management, according to the official, who requested anonymity when discussing private meetings.
Bernie Sanders is one of the few senators fighting for US - the other 98%! Stand With Working Families By Bernie Sanders, Open Mike Blog 21 November 12 he Democrats won a major victory on Election Day. Despite dozens of billionaires spending huge amounts of money to defeat President Barack Obama, he won a crushing victory in the Electoral College and received 3 million more votes than former Gov. Mitt Romney did nationally. Democrats won 25 of 33 seats contested in the Senate and, to everyone's surprise, expanded their majority there by two. They also gained seats in the House. Now, with this victory behind them, the president and congressional Democrats must make it very clear that they will stand with the Middle Class and working families of our country. These are the people who, because of the Wall Street-caused recession, have seen a significant decline in their family income. These are the people who worry about whether they can afford health care and whether their kids will be able to attend college ...
A White House official has confirmed POLITICO’s list of CEOs scheduled to attend a meeting Wednesday with President Barack Obama on the fiscal cliff, and sent over the list of union and progressive leaders who will sit down with him Tuesday: •Mary Kay Henry, SEIU •Lee Saunders, AFSCME •Dennis Van Roekel, NEA •Rich Trumka, AFL-CIO •Neera Tanden, Center for American ProgressJohn Podesta, Center for American Progress •Bob Greenstein, Center for Budget and Policy Priorities •Laura Burton Capps, Common Purpose Project •Max Richtman, National Committee to Preserve Social Security and Medicare •Justin Ruben, MoveOn •Deepak Bhargava, Center for Community Change Funny, I don't see any Wall Street people, Business CEO's, or small business owners on the list. What does that tell you?
Mitt Romney's Campaign Cancels Staffers Credit Cards In The Middle Of The Night + Comment now US Republican Presidential Candidate Mitt Romney loads into a car on his way to the airport in North Canton, Ohio before flying to Pensacola, Florida, on October 27, 2012. Romney and President Barack Obama are hunting for votes in battleground states after the Republican challenger propelled the economy to the forefront of the campaign by promising to restore the country's economic engine. (Image credit: AFP/Getty Images via next time you have the misfortune of hearing a Wall Street titan or other one-percenter whine about how their trickle-down contributions are not appreciated by the masses remember this tidbit, courtesy of Garrett Haake at NBC: “ From the moment Mitt Romney stepped off stage Tuesday night, having just delivered a brief concession speech he wrote only that evening, the massive infrastructure surrounding his campaign quickly began to disassemble itself. Aides taking cabs home late that night g ...
Obama, buoyed by election win, faces new battles By Matt Spetalnick and Steve Holland WASHINGTON | Wed Nov 7, 2012 7:41pm EST (Reuters) - President Barack Obama had little time to savor victory on Wednesday after voters gave him a second term in the White House where he faces urgent economic challenges, a looming fiscal showdown and a still-divided Congress able to block his every move. Despite a decisive win over Republican Mitt Romney in Tuesday's election, Obama must negotiate with a Republican majority in the House of Representatives to try to overcome the partisan gridlock that gripped Washington for much of his first term. The Democratic president's most immediate concern is the "fiscal cliff" of scheduled tax increases and spending cuts that could crush the U.S. economic recovery if it kicks in at the start of next year. The prospect of Obama and Congress struggling to agree on the issue weighed heavily on global financial markets on Wednesday and helped send Wall Street stocks into a post-election ...
On the eve of Election Day, I just wanted to express the urgency of all of you voting for President Barack Obama. In spite of the the WORST CONGRESS IN THE HISTORY OF THE United States (passing less laws than any time in our history and attempting filibusters on all democratic legislation), Obama was still effective and has our best interests. What we need is four more years of the president, and hopefully if we get some of these nut job conservatives out of congress, the laws that need to be passed will. All Romney will do is repeal ALL of the progress Obama made and give rich people more money. THAT is not what we need. Here is a list of essential and practical bills republican congressmen/women tried to block (some successful some not), -Senator Franken’s Anti-Rape Amendment to the Defense Appropriations Bill -Benefits for Homeless Veterans -Affordable Health Care For America Act -Health Care for the 9/11 First Responders who got sick from being at Ground Zero -The Jobs Bill- -Wall Street Reform -Ame ...
They're tired of being called fat-cat bankers and getting saddled with the blame for the nation's economic woes. So after backing President Barack Obama in 2008, many Wall Street honchos now want to see Republican challenger Mitt Romney claim the White House.
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Thursday, October 25, 2012BAMBOOZLING OBAMA Since his first day in office, President Barack Obama has been a patsy for the after-effects of a Bush Administration who pillaged the economy of the United States in less than a decade since the Clinton Era surplus. Just weeks before taking office, a fever pitch of patriotism surrounded this man who gave a new voice to the working class. Finally a candidate wanted to see Americans have access to Heath Care without a crippling financial burden. Finally a candidate wasn't afraid to talk about Green Energy. Finally a candidate asked Wall Street why they aren't taking responsibility and helping out. Much of the heightened support for these ideas wore down quickly as families sought relief from being left with the tab for two wars. Meanwhile the rich are running a muck on Wall Street by privatizing profits and socializing losses to the tax payer. The blame game began with buckets of mud and slop being flung from the same far-side of the isle, fertilizing a bed ...
New York City Mayor Michael Bloomberg endorses President Barack Obama for re-election. The question is why? Because the Stock Market crashed under President Bush and unemployment shot up to over 8%. When President Obama took office the Stock Market had dropped so much that we were in a recession when he took office. It bottomed out 6 weeks into his Presidency and over the next 3 years and 7 months the Stock Market has gone up almost 100%. Unemployment topped out at just over 10% just barely after President Obama took office and since then it has gone down to 7.9% and is dropping slowly. This is because President Obama has worked hard to turn around the financial crisis that President George W. Bush left him with. You can not take this away from him and Mayor Bloomberg shocked Wall Street by Endorsing President Obama over Mitt Romney. Mayor Bloomberg realized that President Obama did wonders for New York City when they desperately needed it and took them from a deep bear market to a charging Bull market in ...
Derp, Inc. New York Mayor Michael Bloomberg endorsed President Barack Obama for reelection today. Via Sam Stein , see if you can spot the minor error in how Fox News' homepage announced the story:
REVIEW THE ISSUES FOR THE 2012 ELECTION The Supreme Court: Is in my opinion the number one issue for the 2012 election because as many as three new judges will be appointed. This country cannot allow the Party of Scrooge to add to the list of *** that gave us Citizen United and in 2000 appointed BUSH as the President even though we now know that Gore had won the Election if allowed to be re-counted. On the ruling on Citizen United two quotes: "One of the stupidest rulings ever consummated or perpetrated on the American people." Jimmy Carter "A major victory for big oil, Wall Street banks, health insurance companies and the other powerful interests that marshal their power every day in Washington to drown out the voices of everyday Americans." President Barack Obama was a major critic Now that Romney is going to lead the GOP we must look at the people he is surrounding himself with, and Robert Bork, is as good as any reason to make sure Romney never gets to Smell the White House Steps. Romney to "BORK" ...
The is Yes I will vote for him again and as I read your post I will say this to you. Do you really think that the reason for the shape of our economic problem is President Obama or can you be honest enough to say that he has done alot with so little help from Congress!! I vote for truth and whats best direction for the Country I love!! I have truly been blessed and I lost so much as well yet Being Black and voting because he's black will never be the case if so I would have supported Jessie Jackson Or Al Sharpton when they tried running I vote true principled truths!! more facts coming! I was doing a lot of thinking. When President Barack Obama took office, our country the United States of America was in high termal. We had a democratic House and Senate. If it was not for the courageous efforts of our President and Congress stepping up to make great changes to Wall Street and bailing out the auto industry. You could only imagine what the state of our Country would be in. From day 1 of the Republican Party ...
Here are a few of the reasons why I am endorsing the re-election of President Barack Obama. 1. His actions upon entering office kept us from entering another Great Depression. 2. The Affordable Care Act extends health care to millions of Americans, prevents insurance companies from denying coverage due to pre-existing conditions, and saves money when compared to the current system. 3. He saved the auto industry. 4. He passed Wall Street Reforms. 5. He passed credit card reforms. 6. He ended the war in Iraq and is winding down the war in Afghanistan. 7. He tightened sanctions on Iran. 8. He eliminated Osama ben Ladin. 9. He ended the Bush era torture policies. 10. He has earned the respect of leaders around the world. 11. Ehud Barak, Israel’s Defense Minister, has stated that when it comes to his nation’s security, the Obama administration is doing “more than anything that I can remember in the past.” 12. He has invested, for America’s future, in clean energy, infrastructure, and education. 13. H ...
Today's news from Sen. Bernie Sanders (I-Vt.): Debate: Republican presidential nominee Mitt Romney called for a firmer demonstration of American strength on the world stage, while President Barack Obama argued his opponent offered an inconsistent and reckless global vision, as the two candidates met Monday night in their third and final debate, The Wall Street Journal reported. Social Security: The government tries to lift Social Security payments and veterans' benefits enough to cover cost of living increases, but tends to under-compensate. During the past year, for example, food rose 4.7 percent, gasoline 10.3 percent and health care 3.5 percent - all well above the 1.7 percent COLA that seniors and disabled vets will receive for 2013. Sen. Bernie Sanders has warned that benefits would lag behind the cost of living even more if a White House deficit commission plan is signed into law, according to Market Watch. Citizens United: Twenty-six senators including Sanders have signed on to a resolution which w ...
President Barack Obama: • Signed into law an economic plan that saved America from a depression, restored growth, and created or saved as many as 3.6 million jobs, following the eight years of neglect and greed of the George W. Bush, the ONLY PRESIDENT IN American History WHO DECLARED AN INTERNATIONAL WAR WITHOUT SO MUCH AS A President Obama VOTE IN CONGRESS, A NOD OF THE Supreme Court OR ONE OTHER AMERICAN'S ADVICE OR CONSENT • Signed into law landmark health insurance reform that holds insurance companies accountable, gives people and small businesses greater control of health care, and improves the quality of health care for all Americans. It's called The Patient Protection and Affordable Care Act (PPACA), NOT ObamaCare (thank you very little, Carl Rove) • Fought against Wall Street lobbyists to sign into law historic consumer protections and financial reforms that shield American families from unfair lending practices from credit card and mortgage companies, rein in the excesses of Wall Stree ...
So Joe Biden stands behind what he says? “Look at what they [Republicans] value, and look at their budget. And look what they're proposing. [Romney] said in the first 100 days, he's going to let the big banks write their own rules -- unchain Wall Street. They're going to put y'all back in chains." --Joe Biden, speaking to a largely African-American audience in Danville, Va., Aug. 14, 2012 "My mother believed and my father believed that if I wanted to be president of the United States, I could be, I could be Vice President!" --Joe Biden, campaigning in Youngstown, Ohio, May 16, 2012 "I promise you, the president has a big stick. I promise you." --Joe Biden, citing Theodore Roosevelt's famous quote, "Speak softly and carry a big stick; you will go far." (April 26, 2012) "This is a big f*g deal!" --Joe Biden, caught on an open mic congratulating President Barack Obama during the health care signing ceremony, Washington, D.C., March 23, 2010 "His mom lived in Long Island for ten years or so. God rest her so ...
A study by the Sunlight Foundation’s Influence Project shows that President Barack Obama has received more money from Wall Street than any other politician over the past 20 years. Period. The Sunlight Foundation, a nonpartisan watchdog group that tracks lobbyist spending and influence in both parties, found that President Obama has received more money from Bank of America than any other candidate dating back to 1991. Obama’s close relationship with JP Morgan Chase was highlighted earlier this year when he tapped Bill Daley, a former top executive with the bank, to replace Rahm Emanuel as his chief of staff. You can’t prosecute a guy you’re naming your Chief of Staff! Obama’s 2012 Wall Street bundlers include people like Jon Corzine, former Goldman Sachs CEO and former New Jersey governor; Azita Raji, a former investment banker for JP Morgan; and Charles Myers, an executive with the investment bank Evercore Partners. “When he calls Wall Street bankers fat cats, then his base cheers, so you’ll ...
I have been a big critic of Mitt and his shortsighted followers for quite a while now, and I will continue to *** in that particular punchbowl. It's easy, fun and entertaining to beat on these entitled, selfish and truth-challenged jackasses. The obstructionist republicans in congress are just as bad or worse. They shoot down a bill to help the jobless rate of returning military veterans just before they head out on vacation? Really? Be proud, republicans. Be very proud. What I really haven't done is articulate some of the reasons I will be voting to re-elect President Barack Obama. It's time to accentuate the positive. The economy. Growth has been far too slow, but at least there has been growth. Unemployment figures are still anemic, but they're headed in the right direction. Wall Street has experienced record numbers and corporate profits are way up. Question for all of you "trickle down" types...if that economic theory is correct, why aren't the "Job Creators" shrinking the unemployment ro ...
This was in my email this morning: (Looks like good news for those who still haven't just turned off their televisions. A softer sell blanket ad is at least more peasant than the old fashioned hate-out-loud versions. Though the full article does say they will also be attempting to "flood" the internet. I'm not sure how you "flood" the internet -- but I'm pretty sure a reboot will fix even that. - Billionaire Joe Ricketts plans a $10 million super PAC ad campaign against President Barack Obama. WASHINGTON -- J. Joe Ricketts, the billionaire behind an ultimately shelved plan to run $10 million in ads featuring inflammatory footage of President Barack Obama's former pastor Rev. Jeremiah Wright, is back and ready to spend the same amount of money, but with a gentler approach. Ricketts, the founder of TD Ameritrade and owner of the Chicago Cubs, is planning a $10 million campaign through his super PAC to persuade voters to pull the lever for Republican nominee Mitt Romney, according to the Wall Street Journa ...
Reasons to not vote for OBAMA!!! 1. He did not even propose the public option healthcare system: he had campaigned on that system, promising to propose it. (Wikipedia: ”President Barack Obama promoted the idea of the public option while running for election.[3] After becoming President, Obama downplayed the need for a public health insurance option including calling it a “sliver” of health care reform,[4] but had not given up pursuing the idea before the health care reform was passed.[5] The preceding statement is disputed by evidence that the Obama administration had agreed to drop the public option from the final plan in the summer of 2009[6] in a back room deal with representatives of the for-profit hospital lobby[7]“) 2. He has appointed countless Wall Streeters to his top economic team, failing to appoint labor voices like Robert Reich. 3. He has bailed out Wall Street instead of Main Street: remember TARP? And then the banks dispensed $6 billion in bonuses in that year to its executives. 4. ...
Fiscal, education, and health care policyRyan voted for the two Bush tax cuts (in 2001 and 2003),[80] the 2003 bill that created the Medicare Part D prescription drug benefit,[81][82] and the Troubled Asset Relief Program (TARP), the $700 billion bank bailout.[83][84] Ryan was one of 32 Republicans in the House to vote for the auto industry bailout.[85][86][87] A number of commentators have criticized Ryan's votes for what they believe were deficit-causing policies during the George W. Bush administration as being inconsistent with fiscal conservatism.[83][88][89][90] In 2011 President Barack Obama criticized Ryan as being "not on the level" for describing himself as a fiscal conservative while voting for these policies, as well as two "unpaid for" wars.[91] Columnist Ezra Klein wrote in 2012 that "If you know about Paul Ryan at all, you probably know him as a deficit hawk. But Ryan has voted to increase deficits and expand government spending too many times for that to be his north star. Rather, the comm ...
Sen. Bernie Sanders questioned why President Barack Obama has not defended Social Security against Republican calls for deep cuts in the program that benefits some 55 million retired and disabled Americans, widows and orphans.
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2009 Equal Pay for Equal Work 2009 Saving the U.S. Auto Industry 2009 Credit Card Reform 2009 Hate Crimes Prevention Act 2010 Affordable Care Act 2010 Student Loan Reform 2010 Wall Street Reform 2010 Middle-Class Tax Cuts 2010 Repeal of "Don't Ask, Don't Tell" 2011 Raising Fuel Efficiency 2011 Ending the War in Iraq Brought to you by the only candidate for President who knows that a strong Middle Class must exist for the nation to prosper--President Barack Obama
"She [Elizabeth Warren] said she and President Barack Obama want a country in which “everyone is held accountable. Where no one can steal your purse on Main Street, or your pension on Wall Street. “ That's an interesting claim when Attorney General Holder, Obama's enforcer, just "whitewashed" Wall Street... the same Holder who has prosecuted fewer financial, white collar crimes than any AG in the last 30 years...
President Barack Obama continues to beat Mitt Romney among African American voters with a staggering 94 percent to 0 percent lead, according to a poll released Tuesday. The NBC/Wall Street Journal poll — which gives Obama and Vice President Joe Biden a small lead over Romney and his running mate Paul Ryan — shows Obama has a massive lead over his Republican rival in the key political base of African-American voters
A new report from the conservative Government Accountability Institute (GAI) finds that President Barack Obama's and Attorney General Eric Holder's failure to criminally charge any top Wall Street ban
Ed DeMarco, acting director of the Federal Housing Finance Agency (FHFA), who is standing in the way of relief for 15+ million underwater homeowners. Click LIKE & SHARE if it's time for President Barack Obama to replace Ed DeMarco with someone who sides with the American people - not Wall Street banks!
Republican presidential hopeful Mitt Romney claimed concerns about Wall Street, financial institutions and income inequality were the result of "envy." Romney -- who won the New Hampshire primary Tuesday night -- attacked President Barack Obama for promulgating the "politics of envy" during a Wednes...
Is Obama Really Preparing For Civil War? _ By Chuck Baldwin _ The Covenant News ~ December 11, 2009 _ According to an obscure report in the European Union Times (EUTimes.net), "Russian Military Analysts are reporting to Prime Minister Putin that US President Barack Obama has issued an order to his Northern Command's (USNORTHCOM) top leader, US Air Force General Gene Renuart, to 'begin immediately' increasing his military forces to 1 million troops by January 30, 2010, in what these reports warn is an expected outbreak of civil war within the United States before the end of winter. "According to these reports, Obama has had over these past weeks 'numerous' meetings with his war council abut how best to manage the expected implosion of his Nation's banking system while at the same time attempting to keep the United States military hegemony over the World in what Russian Military Analysts state is a 'last ditch gambit' whose success is 'far from certain.'" The EU Times article continues by saying, "To the fe ...
States which have expanded Medicaid have lower mortality rates than states which have not, on average 6%. This is in part because of preventive health services, especially among the elderly. The Obama Affordable Care Act expands Medicaid. Can we really NOT afford to expand health care services? This is the article in the Wall Street Journal. DEATH RATES VARY IN MEDICAID STUDY by Jennifer Corbett Dooren States that opted for larger Medicaid programs had lower death rates, according to a study released Wednesday in the New England Journal of Medicine. The findings come as states struggle with the growing financial burden of the health-insurance program for the poor, and weigh whether to take part in its expansion under President Barack Obama's health-care law. Last month, the Supreme Court upheld most of the law, but said the government can't punish states that decline to expand their Medicaid programs in 2014. The law called for expansion as a way of covering more uninsured low-income adults. Medicaid, ...
President Barack Obama says Washington "feels as broken as it did four years ago," when he took office. ( and this is coming from one of the most anti American corrupt presidents and administrations in history) Top Ten Felons, Fugitives, and Shady Characters in Obama's Life 1. Former Illinois Governor Rod Blagojevich: Sentenced to 14 years in prison for political corruption. 2. Tony Rezko: Sentenced to 10 and a half years for corruption and kickbacks. 3. Courtney Dupree: Democratic fundraiser convicted of bank fraud 4. Willie Shepherd: Obama bundler plead guilty to assault. 5. John Corzine: Top Obama fundraiser currently under FBI investigation. Obama's "Wall Street guy." 6. Shervin Neman: Obama bundler currently under investigation for fraud. 7. Abake Assongba: Obama bundler under investigation for fraud. 8. Alberto and Carlos Cardona: Obama bundlers with ties to a Mexican fugitive accused of attempted assassinations. 9. Solyndra: First company to receive taxpayer backed loans from Obama. Solyndra's in ...
Fifteen months after President Barack Obama hailed the Dodd-Frank Act as a mighty weapon against reckless excesses on Wall Street, the measure is sparking
White House is not for sale! Governor Romney can raise billions of dollars to buy air time and demonize his Democratic opponent, President Barack Obama. But Barack will still win in a landslide come November.. Not easy to sell a Wall Street financed candidate like Romney. Americans are too sophisticated to buy a bad product. God bless America.
Wall Street's $200 million lie campaign attacking President Barack Obama's Affordable Care Act is one of the greatest scams ever perpetrated on the American people. U.S. Rep. Tim Murphy and his Republican colleagues joined the lie machine even though their party created "Obamacare" in 1993, with the...
White racist bigots in America want to remove President Obama from the White House because his is black man. They just can’t believe that a black man became president of these United States. If bigoted Tea Party-Republicans want to remove the first African American President, because he is a black man, I am assuring you all politics in America will never be the same again and you all will live to regret it. Mitt Romney is not a real person. He is a robotic alien, no real person walks, talks, waves their hand and move their heads like Mitt Romney does. Imagined white men on Wall Street with the help of the Bush-Cheney administration brought the American and Global economy to its knees. And when the first African American President Barack Obama prevented its total collapse, hateful bad minded bigoted people put all the blame on him. It goes to show that some people will blame the black man for every wrong thing that took placed and is happening in the world today. I am not saying all white men are bad peo ...
White House To Give Immunity To As Many As 800K Illegal Immigrants. WASHINGTON (AP) — The Obama administration will stop deporting and begin granting work permits to younger illegal immigrants who came to the U.S. as children and have since led law-abiding lives. The election-year initiative addresses a top priority of an influential Latino electorate that has been vocal in its opposition to administration deportation policies.The policy change, described to The Associated Press by two senior administration officials, will affect as many as 800,000 immigrants who have lived in fear of deportation. It also bypasses Congress and partially achieves the goals of the so-called DREAM Act, a long-sought but never enacted plan to establish a path toward citizenship for young people who came to the United States illegally but who have attended college or served in the military. Homeland Security Secretary Janet Napolitano was to announce the new policy Friday, one week before President Barack Obama plans to add ...
Hi Damon The White House is aggressively pushing the idea that, contrary to widespread belief, President Barack Obama is tightfisted with taxpayer dollars. To back it up, the administration cites a media report that claims federal spending is rising at the slowest pace since the Eisenhower years. "Federal spending since I took office has risen at the slowest pace of any president in almost 60 years," Obama said at a campaign rally Thursday in Des Moines, Iowa. The problem with that rosy claim is that the Wall Street bailout is part of the calculation. The bailout ballooned the 2009 budget just before Obama took office, making Obama's 2010 results look smaller in comparison. And as almost $150 billion of the bailout was paid back during Obama's watch, the analysis counted them as government spending cuts. It also assumes Obama had less of a role setting the budget for 2009 than he really did. Obama rests his claim on an analysis by MarketWatch, a financial information and news service owned by Dow Jones & ...
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President Barack Obama enlisted Bill Clinton to campaign alongside him in New York on Monday, tapping the popular ex-president's star power to rake in cash for his re-election bid from Wall Street investors and show-business elite. The two men teamed up for the first time...
Jon Lovitz keeps hammering President Barack Obama in the press. His latest critique came on Fox News' "Hannity" where the comedian blasted Obama's hypocrisy for collecting cash from the so-called one percent types like George Clooney.
(CNSNews.com) -- David Duke, a former grand wizard of the Knights of the Ku Klux Klan, has joined President Barack Obama, House Minority Leader Nancy Pelosi (D-Calif.), and Sen. Bernie Sanders (I-Vt.) in expressing support for the Occupy Wall Street movement, whose protests have been marked by anti-...
Hobbs' Hump Day Hot Topic: Listening to Sean Hannity after a grueling day in trial and to my surprise, Hannity is playing clips of Reverend Jeremiah Wright discussing comments from Minister Louis Farrakhan that essentially aver that President Barack Obama was "selected" before he was "elected" and that because of that, he has not supported a "black agenda" while in office. Rev. Wright's position is that the POTUS' support of Wall Street and other financial interests prove where his allegiance has been over the past four years. Lots to chew on with this but suffice it to say that one of my primary concerns is whether the expectations of the POTUS may have been placed too high for him to be the racially transformative leader that he was hailed to be? Or, are Rev. Wright and Min. Farrakhan's criticisms valid in that blacks certainly helped turn the tide in his (Obama) favor in '08 and much like his recent "evolution" regarding *** marriage, that certain issues germane to the black community, namely the educa ...
White House Press Secretary Jay Carney told reporters on Tuesday that JPMorgan's $2 billion loss is a perfect example of why President Barack Obama fought so hard for Wall Street Reform and why the additional steps need to be taken.
President Barack Obama says the huge trading loss at JPMorgan Chase illustrated the need for Wall Street Reform. Is there any chance that this is because records released lately by the Federal Election Commission illustrate a basic shift in political giving at the ?residential level by the nation's financial elite. Report clearly shows that after a fling with Obama four years ago during the severe credit crisis that erupted - Wall Street is backing Romney. How does that level with the fact that federal banking regulators under Obama allowed Citigroup, Wells Fargo, PNC, and Bank of America to leave the government's bailout program early in 2009, even though the Federal Reserve and the FDIC had recommended they spend more time shoring up their assets?
FROM CNN's Jack Cafferty: JPMorgan Chase’s $2 billion trading loss highlights what could be a huge Wall Street problem for President Barack Obama as he faces re-election. Nearly four years after the financial crisis, little appears to have changed on Wall Street.
WASHINGTON -- Rep. Barney Frank (D-Mass.) lit into Rep. Marsha Blackburn (R-Tenn.) on Sunday, when both appeared on ABC's "This Week." The show started off civilly, with Frank responding to host George Stephanopoulos' questions about the political implications of President Barack Obama's endorsement...
In case you're wondering why Obama's Justice Department has never prosecuted any bankers. "In an explosive Newsweek article set to rock official Washington, reporter Peter Boyer and Government Accountability Institute President Peter Schweizer reveal how Attorney General Eric Holder and the Department of Justice are operating under a “justice for sale” strategy by forgoing criminal prosecution of Wall Street executives at big financial institutions who just so happen to be clients of the white-shoe law firms where Holder and his top DOJ lieutenants worked. There’s more. Even as President Barack Obama and Holder co-opt the Occupy Wall Street rhetoric of getting “tough” on the Big Banks and Big Finance, the Newsweek investigative report reveals that Eric Holder has not criminally charged or prosecuted a single top executive from any of the elite financial institutions thought responsible for the financial crash. And why would they? As Boyer and Schweizer report, “through last fall, Obama had c ...
President Barack Obama and Wall Street occupiers, along with their allies in the mainstream media and on college campuses, have maintained an ongoing attack on high-income earners, people they call 1 percenters. Listening to their deceitful demagoguery, you would naturally think of them as 99 percenters, but you'd be dead-wrong. Last week, MSN Money posted a report titled "The richest counties in America." According to the report, residents of those 15 wealthiest counties "have median household incomes that are double the national average." Three of those counties have a median income of more than $100,000. The report goes on to say, "While many Americans struggle to find jobs, balance their budgets and get by with less, some folks are living high on the hog." Let's look at some of those counties. Loudoun County, Va., has a median household income of $119,540, making it the nation's richest county. Virginia's Fairfax County is next, with a median household income of $103,010; the median price of a house i ...
Wall Street wants to free itself from the past decade's regulatory reforms, and Eliot Spitzer says President Barack Obama is too willing to oblige. The forme...
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