Wall Street & President 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 Obama Mitt Romney White House United States Social Security George W. Bush Wall Street Journal Tea Party Supreme Court President Bush Elizabeth Warren Paul Ryan Barack Obama Great Depression Treasury Secretary President Barack Obama

On the sixth anniversary of the Union Address, President Obama to discuss economic progress and Wall Street Reform.
would get rid of the tough new Wall Street Reforms passed under President Obama.
President Obama talks free trade, higher wages and why his daughters won’t work for Wall Street via
Sign to Tell President Obama: Break Wall Street's grip on the Federal Trade Commission
Elizabeth Warren admonishes President Obama for light punishments for Wall Street:
I'll miss having an intelligent, well spoken president. We've not had such an eloquent speaker in many years. John F. Kennedy comes to mind. He has done his best to repair broken relationships with other countries, and regained the respect we lost with the Bush administration. I cannot think of a president in my lifetime that was handed a country that was terribly broken, no jobs, the Wall Street mess, the banking mess,etc. He put this country that I love and served in the Military for, back together, and made us believe we could trust his judgement. He had a terrible fight with the Republican Congress, and worked as hard as any man could to bring us back from the brink of disaster. I hope Congress will help with environmental issues, and remember why some voted them into office.
"We passed historic Wall Street Reform to end the era of bailouts and too big to fail." —President Obama:
President Reagan was fond of saying "Are you better off than you were" and let's say six years ago ... well, where was the economy, auto sales, Wall Street, Iraq and Afghanistan, price of gas, Stock Market, housing market, deficit, high school graduation rates, and other measuring sticks six years ago in the USA when President Obama took office? Love him or hate him, how can anyone ignore the positive numbers despite the absolute lack of team spirit in DC the past six years? The Truth shall set us free perhaps so we can "get on with it" and keep making our nation greater in service to others? ...
A Wall Street Journal poll released this morning shows that 76% of respondents believe that President Obama laid a positive direction for our country in last night's State of the Union Address... Well isn't it wonderful that a majority of these same folks raced to the voting booth last November to elect a congress that will stop him from enacting any of his ideas; a congress that works solely for the billionaire-class; a congress from the political party most directly (although not exclusively) responsible for the economic crash that brought us to the brink of collapse?... The American voter: not the brightest bulb in the box.
President Obama said it right: "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.
Looking back at some of the crazy GOP outrageous of 2014 Right after the killing of two police officers in NYC, the former Republican mayor Rudy Giuliani used the murders to accuse the current mayor Bill De Blasio and President Obama of inciting the murders. They promoted bigotry under the guise of religious freedom. Case in point: Republicans in state legislatures nationwide promoted bills they claimed were designed to advance “religious freedom”, but what it was all about was businesses having the right to refuse service or employment to certain groups of people they didn't like, like *** *** folk. How about the war on voting rights promoting voter ID laws and attacks on early voting. The idea being that the poor and minorities would be most affected since they would be most likely to not vote for them. Threatening to shut down the government so they could insert a provision in funding the government that would deregulate Wall Street. We all know how well trusted they have been with caring for . ...
Racism is an all purpose explanation for what ails Black America, can explain all of these bad black outcomes. That's the narrative the left likes to push, with the help of the media, and that's what they do. President Obama, President Clinton, Eric Holder they see this as a political opportunity to continue that narrative. Jason Riley - Wall Street Journal Editorial Board Join us tonight at 10 pm ET on Fox Business
How do we elect real progressives to replace tea partiers like Senators Pat Toomey (PA), Marco Rubio (FL), and Ron Johnson (WI)? How do we hold Democrats accountable so we don't get a repeat of the 11th hour, must-pass spending bill further undermining our democracy and loaded with gifts to Wall Street? As Russ Feingold would say, we unite. Heading into a stretch where it will be absolutely imperative to get President Obama's back when he opposes bad deals in Congress -- and with so many high-stakes races on the horizon -- Progressives United is the only organization dedicated to uniting us all to make our voices stronger. In order to meet the big challenges progressives face, we must meet Progressives United's $25,000 grassroots organizing goal by the end of the year. Contribute $3 today. Even before we saw the horrible spending bill, Bernie Sanders told Progressives United members that we know what "compromise" will mean now that Republicans control both chambers of Congress: "their way or the highway." ...
Elizabeth Warren is leading the charge against the nomination of Wall Street banker Antonio Weiss. We need President Obama to listen to progressives’ objections and withdraw this nomination.
Senator Elizabeth Warren calls out President Obama for his close ties with Wall Street!
BREAKING NEWS: President Obama officially sells out to Wall Street and other special interests / Manchurian Candidate
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President Obama has nominated Antonio Weiss—a former Wall Street investment banker—to a key role at the Treasury Department tasked with overseeing financial reform (such as Dodd-Frank.) Not only did Weiss advise Burger King on how to duck U.S. taxes, but his long career on Wall Street makes you wonder if he’s the right person to rein in out-of-control banks. But Senator Elizabeth Warren says that Weiss is the wrong fit. Now it’s up to us to have her back, and tell the entire U.S. Senate to reject this nomination. Stand with Elizabeth Warren. Sign the petition telling the Senate to reject Weiss’ nomination. No more Wall Streeters leading the Treasury Department. Petition TextOur Message to U.S. SenatorsWe stand with Senator Elizabeth Warren and oppose the nomination of Antonio Weiss as Treasury Undersecretary for Domestic Finance. Financial reform and consumer protection are too important to fill the job with someone who has spent their life working on behalf of Wall Street banks and big corporat ...
Last night, Senator Elizabeth Warren boldly declared that she is fed up with President Obama's habitual appointment of Wall Street insiders to key positions in his administration...
The people have been getting the shaft from President Obama since January 2009. He has done a splendid job for Wall Street, Banks, and Corporations (including the Insurance Companies) by forcing people to become customers under this joke of a law called The Affordable Care Act. Grab your ankles and reach for the Warming K-Y Lubricant because he's about to give all of us a good screwing. Keystone XL Pipeline, Trans Pacific Partnership, and the "chained CPI" that will reduce all future Social Security payments.are all coming soon from President Obama. To me, he is nothing but a corporate *** The ONLY differences to me between Obama and Bush are: 1.) Obama gives a far more rousing speech off of the teleprompter 2.) Obama's teeth are whiter ;) p.s. I'm as Liberal as it gets when it comes to politics. I voted for Obama in 2008 and in 2012. I voted for him simply because he was the lesser of two evils when compared with John Mccain and Mitt Romney. Unfortunately, our president is nothing more than a corporat .. ...
Some advice to the winners and losers of the 2014 election: To President Obama: Schmooze with the GOP. Make personal connections. Go golfing with Mitch Mcconnell, more than once. Compromise where it's possible (taxes, Obamacare) and veto where it isn't (environment). And dig in your heels on Netanyahu -- he's a schmuck. To the Democratic Party: Stop playing it safe. Fight for your beliefs, and don't apologize about it. You want a clean environment, higher wages, and Immigration Reform? Then fight like crazy. Do you actually like President Obama and approve of the job he's doing? Then say so, you cowards. And quit sucking up to Wall Street, while you're at it. To the Republican Party: Okay, you've got both houses of Congress now. You have power again. Congratulations. You also now have the responsibility to govern. That means you need to enact a positive agenda -- something concrete, something beyond just saying "no" all the time. Do you want to repeal and replace Obamacare? We're listening, as long as you ...
Now, after over Five Years of economists' warnings, banks, Wall Street, and the preponderance of retailers have joined Democrats in calling for quick and complete implementation of President Obama's economic policies to save America.
Bad Season For Democrats By *** MORRIS Published on TheHill.com on October 14, 2014 Can it get much worse for President Obama? With the Stock Market in free fall, Ebola making its way to the United States, the Islamic State in Iraq and Syria (ISIS) sitting just an hour outside of Baghdad and ObamaCare premium increases leaking out before the midterm elections, it's hard to see how things could get worse for the president. But they can, and they will. To start with, Wall Street isn't done crashing. Close observers have been predicting a crash out of proportion to any we have ever seen -now their warnings are beginning to come true. The Dow has fluctuated nearly 1,000 points -- about 6 percent of its value -- in the past month. Some experts are predicting a crash down to 5,000, with stocks losing more than two-thirds of their value. Economist Jim Fitzgibbon notes that, in the past 15 months, the smart institutional money has left the market and has been replaced with investments by individuals. The data su ...
Sen. Elizabeth Warren (D-MA) criticized President Obama and his economic advisors for siding with Wall Street during the financial crisis. "He picked his economic team and when the going got tough, his economic team picked Wall Street," she said in an interview with Salon published Sunday.
Was listening to Cornell West this morning talking about the "legacy" of President Obama good and bad and he basically reinforced what I've been saying. Even though I believe Cornell West is a hater, he made some good points. He said that Obama is a great communicator and will always be the first African American to occupy the White House. On the negative side, he said Obama encourages the privatization of public schools, where this is the New Democratic platform. He also said that the drone usage is killing thousands of innocent children around the world, which I agree. The last thing he touched on, which I've said countless times is that he is a Wall Street President and never went after those who continue to prey on the poor like the banks Obama promised he would fervently go after. Six years later banks are still up to their tricks and Wall Street is still conducting business as usual. Jobs have not come back from over seas. Chad Dion Lassiter Chris Blocker Chris Murray Bean Blackwell Steven Blunt Mik ...
I'm doing Constitutional Law reading right now and I've noticed that sometimes sitting Presidents like to appoint current Senators to the Supreme Court. At the same time, I was talking with a friend about if an opening were to appear in the Courts during this decade, who would President Obama (or the next President) appoint to replace the vacancy? He mentioned to me Elizabeth Warren as a possible choice, and I was very surprised at his pick. Now that may be very unlikely now, and it's unlikely Senator Warren herself would agree (considering her activism in taking on Wall Street and other current policies she's advocating for), but I found it particularly interesting considering her past experience with bankruptcy law. Regardless, if a vacancy in the Court were to open in the near future, who do you think could fill it?
The worst president ever... Dominick Vila wrote: Do Americans believe President Obama is the worst President since WWII? Tea Party supporters and white supremacists certainly do. In fact, they believe he is the worst leader in the history of humanity. What surprises me is that some people seem surprised! The fact that President Obama's policies helped avoid the imminent collapse of the U.S. economy predicted by President Bush in 2008, the fact that his policies contributed to the DOW Index rising from a dismal 6,500 points to the 17,000 point range (an all time record), the fact that corporations are posting record profits, investing and hiring, instead of going bankrupt, the fact that our banks are once again solvent and extending credit. The fact that unemployment is going down, the fact that effective regulation has been put in place to avoid a recurrence of the Wall Street and corporate abuses and fraudulent activities that led to the AIG, ENRON, Bernie Maddoff and all the other financial scandals, th ...
Is Your Congressman Bought By the Vulture Funds? Is your Congressman refusing to co-sponsor the bills to restore the Act or initiate impeachment proceedings against President Obama, while supporting every war that Obama launches, sending American youth off to die? Ask him or her: Were you purchased with the blood money of Paul Singer and the vulture funds? Are you on the dole of the worst speculator scum of the earth who are out to dismember the nation of Argentina, steal its resources and crush its people, because that nation dared put its people before debt? How many Africans have died at the hands of the "vulture funds" which keep you in office, Mr. Congressman? How many Greeks? How many Argentines? Concretely: The Wall Street billionaire considered the most powerful fundraiser for Congressional Republicans in the country, is Paul Singer, the head of NML Securities, the hedge fund leading the war on Argentina, who got the U.S. Supreme Court to rule that his NML Securities fund has right to seize any an ...
Here’s what *** Cheney and his daughter Liz said about President Obama in an Op-Ed piece in The Wall Street Journal yesterday: “Rarely has a U.S. president been so wrong about so much at the expense of so many.” We’re not sure where to begin. Your thoughts?
President Obama, One Corporate Puppet Among Many By Carl Gibson, Reader Supported News 14 April 13 his year, the New Deal turned 80. And those same New Deal programs championed by FDR, a Democrat, defined the bedrock of the American left political achievements for all others who would seek the presidency. Now, the corporate takeover of our government has proven that those New Deal programs can be slowly dismantled by a Democrat president, as the Obama Administration fully digs its heels in on an austerity agenda. He's not the one running the show, but rather, his strings are being pulled by Wall Street bankers and hedge fund managers like Pete Peterson, who is most of the wallet behind the corporate-funded "Fix the Debt" sham campaign. Even one of Fix the Debt's key spokesmen admitted that their goal was to create an "artificial crisis" that would justify gutting Social Security. Jack Lew, Obama's Treasury Secretary, is leading the administration's doublespeak on austerity. In Europe, he's told political ...
Thinking in terms of right and left or this country and that country is an antiquated view of things – like deciding who’s going to win a professional wrestling match by who’s more in shape. National borders are only a small part of the equation. For the most part the future of this world is decided by multinational companies and the billionaires who run them. --Sure, there are smaller issues that the leaders have control over. President Bush boldly created a no-call list securing his legacy as the President who saved the sanctity of family dinner time – even if families no longer had the money for dinner. President Obama put a regulation on Wall Street making it so that when banks partake in predatory lending, it’s now strongly frowned upon for them to do a happy dance. But in general the bigger decisions are being made by monster capitalists deciding whether there’s profit to be made in giving water to Somalia or education to Georgia or internet to Pakistan or the truth to the lower class. D ...
as he two the to and has had Share Email Paul Lewis Paul Lewis in Washington Follow Follow The Observer, Saturday 7 June 2014 13.11 BST Jump to comments (149) President Obama announces the flanked by the soldier’s parents. President Obama announces the release of Sergeant Bowe Bergdahl, flanked by the soldier’s parents. Photograph: Carolyn Kaster/AP For six months, ever since Barack Obama used his State of the Union speech to declare that if necessary he would bypass obstructionist Republicans in Congress and use his executive authority to act alone, critics have bemoaned the lack of any follow-up. Obama has seemed stuck, dithering over the appropriate response to the Ukraine crisis and only using his executive powers in a limited way to enact change on the domestic front. Until, that is, 10 days ago, when a newly emboldened Obama sprang into action, giving Washington a lesson in the perils of a go-it-alone presidency. In the space of a few days, he launched a new Foreign Policy doctrine, dispatched a ...
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The V.A.'s Office of Inspector General started its investigation of the Phoenix facility based on tips from its fraud hotline. It was General Shinseki who ordered the OIG to expand that investigation to other facilities. That's why we have the interim report released on May 28th suggesting a gross pattern of fraudulent record keeping to hide poor service. For that General Shinkseki loses President Obama's support and is thrown to the wolves? What incentive does any public service administrator have to order a comprehensive audit of his agency's operations if he knows he'll be publicly humiliated and fired if the findings look like anything other than the fake Balance Sheet of a Wall Street bank? The only way Shinseki could have known that management at VA facilities were lying in their operational reports was by ordering an audit. Seems to me like Shinseki was doing his job and the President should have had the intestinal fortitude to stand by him. On the left is a photo of Shinseki from 1970. The guy got ...
Obama's top detainee affairs policy appointee at the Pentagon, Phil Carter, quit his post after just seven months on the job, in a surprise move that he described as personal. Top White House lawyer Greg Craig resigned after President Obama turned against him on releasing detainee torture photos, closing Guantanamo and ending extrajudicial Military.commissions. Foreign Service officer Matthew Hoh resigned over the war in Afghanistan. Anita Dunn, Obama's second communications director, resigned after taking the job on an interim basis. Ellen Moran, Obama's first communications director, stepped down to be chief of staff to Commerce Secretary Gary Locke. Obama's cybersecurity czar, Melissa Hathaway, stepped down citing "personal reasons." Susan Crawford, Obama's technology policy adviser, is leaving to go back to working at the University of Michigan Law School. Steve Rattner stepped down as "car czar", overseeing President Obama’s auto task force, as an investigation into his former Wall Street firm .. ...
Wall Street JournalWhat’s News: President Obama and German Chancellor Angela Merkel say they are …read more
President Obama should note the rise of extremism and repression when he visits this weekend, Andrew Khoo writes in The Wall Street Journal.
President Obama has broken every promise he made while campaigning for office. He said that he wouldn't hire Wall Street executives to work in The White House, but that's all he's hired. Now the brother of Chicago's Mayor Richard Daley, who works as an executive for JP Morgan in New York, is going to be appointed by President Obama to The White House chief of staff. Obama promised to allow the public to view new bills before the were passed into law; but instead Obama passed laws without even allowing Congress to read them first. I'm not making this stuff up, I wish I were. I won't belabor the point because you need to watch the eye-opening documentary, THE OBAMA DECEPTION.
First Look Media's Matt Taibbi talked a lot about Wall Street on Democracy Now! Tuesday, and argued why George W. Bush was much better at prosecuting Corporate America than President Obama has during his presidency.
With the president's reckless Foreign Policy, Obama's disturbing and chilling move to turn over control of the Internet to the UN, Americans should be speaking up loudly – while they still can – without being sued for hate crimes by the UN. This move will allow the OIC, Saudi-dominated bloc of 57 Islamic nations along with the Shariah doctrine to which it adheres, to suppress free speech on a global basis via control of the Internet. ACT For America isn’t going to take this lying down. If the Internet is silenced, liberty will be silenced. If those who oppose tyranny are prevented from delivering their message, it is the same as being bound and gagged. WE MUST EXPOSE THIS OUTRAGE Once again President Obama is putting you and your family at risk by giving power to the United Nations (UN) to control the Internet and muzzle YOUR freedom of speech, putting you at a risk of legal action just for expressing your view on the Internet. If you’re a politician in Washington, and you want to bury bad news, y ...
Charles Payne The Investor Saga Mar. 26, 2014 Party over, oops out of time So, tonight I'm gonna party like its 1999 -Prince In addition to the biotech bubble hemorrhaging air, many pundits are pointing to the abundance of IPOs as a sign that the end is near. It is not just the volume of offerings, but much is being said about the quality of names going public, as 70% of recent offerings have yet to post profits. This is a yellow flag, but it is not 1999. Last year, in one of my commentaries I had written how the' Jobs Act' was a gift to Silicon Valley, pushed through by President Obama, for stepping up to the plate and making up for fewer contributions to Wall Street. Now, a lot of companies are jumping on the bandwagon. One of the greatest Norse sagas (epic ancient stories) is that of King Ragnar; he was a fierce fighter and Viking ruler, known for his bravery that had no boundaries, which lead him to invade England with the wrong ships and against overwhelming numbers. He was captured and killed in a p ...
Please read the latest from Untold History columnist Kevin Kelly: Bankster Justice - A Tale of Two Countries Americans were incensed when Congress handed Wall Street a blank check after the 2008 financial crisis. Despite their rampant fraud and their holding the economy hostage, which resulted in thousands of Americans being evicted from their homes, not a single CEO, hedge fund manager, or banker was prosecuted. One of most egregious example of known fraud was perpetrated by the investment banking firm Goldman Sachs. Unbelievably, the only individual found liable for committing fraud at Goldman Sachs, Fabrice Tourre, was recently offered a teaching position at the University of Chicago. Only upon massive public outcry was the University’s offer to Tourre rescinded. How can it be that such a disconnect exists between the public’s idea of justice and the penalties actually realized by the perpetrators of the financial scandal? It is worth noting that in direct contrast to our own seeming inability or u ...
GEEKS BEST GLAMOUR FOR POLITICAL GIFTS (Part 1) "For an administration that came into office bragging about transparency, they erected one heck of an opaque wall around companies making less than $1.0 billion seeking to go public with very little scrutiny. * I say it is partly a political payoff * I say it has worked "When President Obama alienated even his limousine liberal friends on Wall Street, he leaned very heavily on Silicon Valley to make up for lost campaign donations. And boy did these guys step up, and in the process gained more leverage and more savvy about lobbying, and finding additional ways to get gifts from taxpayers. These emerging growth companies (EGC) have spouted like mad helping to fuel excitement in the Stock Market, and the economic windfall in California. (Tomorrow, I will look at the Dickensian transformation in California, which is producing a growing number of millionaires and food stamp recipients, while purportedly still the Golden State.) "The biggest (EGC) to come pub ...
Coming up: February 16 COVER STORY: How fruit flies may be key to the fight against cancer The battle against cancer in all its forms is perhaps the greatest medical challenge of our lifetime... THE ENVELOPE, PLEASE:Leonardo DiCaprio!!! Lee Cowan visits with DiCaprio -- an Academy Award-nominee for MartinScorsese's "The Wolf of Wall Street"... WOUNDED WARRIOR: Cory Remsburg This year there was a special guest at President Obama's State of the Union Address, someone who earned rousing applause from all members of Congress - Republicans and Democrats alike... World War II: The real "Monuments Men" MO ROCCA: Millard Fillmore The faces of some U.S. presidents -- George Washington, Abraham Lincoln, Thomas Jefferson and Theodore Roosevelt -- are carved in stone on Mt. Rushmore!!! PLUS: Ben Stein has a word of advice for Majority Leader John Boehner, and a lot more this "Sunday Morning." Listen for the trumpet!!!
Well, for all of the doom and gloom and naysayers out there who've spent their time and energies damning President Obama and Universal Health Care, if you had bought stock, instead of advice from the Nabobs of Negativity, you would have made a bundle of money. The Stock Market closed out its best week of the year on Friday as investors focused on company earnings and brushed off another weak economic report. Campbell Soup climbed after reporting earnings that beat the estimates of Wall Street analysts. Cliffs Natural Resources, a mining company, also jumped after its earnings beat analysts' expectations and the company named a new Chief Executive Officer. The Standard & Poor's 500 has wiped out almost all of its loss for the year after a big slump in January, and is now just 10 points below its record close of 1,848 reached Jan. 15. Stocks slumped last month because of concerns about the outlook for growth in China and other emerging markets and worries about the health of the U.S. economy. “For all pra ...
Misconduct allegations mounted over the weekend against… allegations mounted over the weekend against embattled New Jersey Gov. Chris Christie despite his attempt to blame the George Washington Bridge scandal on underlings. New Jersey’s U.S. Attorney office met Jan. 19 for several hours with Hoboken Mayor Dawn Zimmer regarding her claim against two top Christie aides. Zimmer has alleged that the aides threatened last spring to hinder federal relief for her city’s Hurricane Sandy damage unless she supported Christie’s picks among Wall Street investors for a Hoboken redevelopment plan. Christie is shown at left with President Obama in a photo courtesy of Wikimedia as they toured flood damage in 2012 just days before Obama’s re-election. Christie’s joint appearance and thanks to Obama were widely reported as bipartisan cooperation, but angered some conservatives. The new allegations and the media blitz parallel those that Christie orchestrated previously in his career against others. He created a ...
In the United States, Janet Yellen has been sworn in as Chair of the US Central Bank, the Federal Reserve. At the same time Wall Street closed at its lowest level since last June. Her appointment comes at a time when the US economy appears to be improving. She had already taken up her functions since being nominated by President Obama in October and confirmed in her post by the Senate last month.
President Obama will visit Saudi Arabia next month amid reports of a strained American-Saudi relationship over Iran and Syria. White House Press Secretary Jay Carney announced that Obama would meet with Saudi King Abdullah in late March, calling it "part of regular consultations" between the two countries. "The president looks forward to discussing with King Abdullah the enduring and strategic ties between the United States and Saudi Arabia as well as ongoing cooperation to advance a range of common interests related to Gulf and regional security, peace in the Middle East, countering violent extremism, and other issues of prosperity and security," Carney said. The Saudi stop will be added to a late March trip that includes the Netherlands, Belgium, Italy and Vatican City. Obama and King Abdullah also met in 2009 and 2010. The Wall Street Journal, citing Arab officials who have been briefed on the trip's preparations, said the meeting with King Abdullah is part of an effort to ease tensions: "Relations bet ...
Huge Selection of Helmets at Low Prices
Class warfare is the liberal election strategy in 2014 By Washington Times (DC) January 15, 2014 6:54 am President Obama has all but announced that this fall's House and Senate campaigns should focus not on the collapse of American influence abroad, or on the continuing disaster that we know as Obamacare, or even on the apparent inability of his policies to create jobs, but on "income inequality." The mantra from the administration, like the rantings of the "Occupy" crowd and the new finger-pointing quasi-Marxist mayor of New York City, is that in today's United States, it is impossible to get ahead unless one is born rich, works on Wall Street or finds some other way to profit from the misery of others. Their rhetoric and proposed policies play on envy and remind one of the class warfare that has dominate European politics for so long. Historically, betting on class warfare as a way to win a U.S. election is a bad bet. The United States is not Europe, and Americans have never been envious of the success ...
Republicans always accuse President Obama of giving stuff to poor people. What about all that the GOP give to Wall Street, Corporations, and the 1%. Bill King
Jay Leno: "In the new movie 'The Wolf of Wall Street' they say the F-word was used a record 506 times. Thus breaking the old record of 505 times set by President Obama when he heard about Robert Gates' new book." More Punchlines:
Obama Readies Revamp of NSA Wall Street Journal (01/10/14) Gorman, Siobhan; Lee, Carol E. White House officials say that President Obama is considering a number of significant changes to the National Security Agency's telephone metadata collection program, including a requirement that any metadata collected is stored by phone companies or third parties. Obama is also reportedly considering requiring NSA to obtain a court order before it is allowed to search databases containing Americans' telephone metadata. A third proposal would create an advocate position with the Foreign Intelligence Court, the secret judicial body charged with approving government surveillance requests, who would argue in favor of protecting privacy. The court currently only hears arguments from government lawyers when it considers surveillance requests. In addition, President Obama is reportedly considering a proposal that would extend the privacy protections included in the Privacy Act of 1974 to non-U.S. citizens, though it is unc ...
ObamaCare Still Top Political Issue In ’14 Dems risk voter wrath if law flops; bipartisan deal on immigration? 2014 A LOOK AHEAD BY THOMAS McARDLE INVESTOR'S BUSINESS DAILY SOME OF 2013’S BEST STOCKS, clockwise from upper left: Puma Biotechnology, Zillow, Tesla, Fiesta’s Taco Cabana, Vipshop, Yelp’s Jeremy Stoppelman, Ubiquiti Networks logic board, Netflix’s Reed Hastings. See Page A16 for the complete list of the 100 best stocks of the year. IBD’s coverage includes trends for 2014 and historical precedents for a third straight strong year on Wall Street. On A17, IBD highlights the events that stoked the Stock Market’s performance. President Obama starts 2014 with his approval ratings at his lowest levels in office, limiting his ability to use the bully pulpit. ObamaCare is now law — but it is far from settled. After a disastrous rollout, the health reform is more unpopular than ever. While the president will seek Immigration Reform and other agenda items, his signature legislation will re ...
This blog is right on point and is well worth the time to read. If America is ever to return the great country it was this seems to be the route to take. Give a read and let me know what you think. December 23, 2013 Robert Borosage The Beltway crowd has discovered populism. Senator Elizabeth Warren’s surging popularity from her aggressive defense of Social Security and demand for Wall Street accountability has triggered talk of a populist challenge to Hillary Clinton in 2016. Bill De Blasio indicted New York’s gilded age inequality in his stunning victory in the New York Mayoral race. This month, President Obama returned to his campaign themes, delivering a speech calling inequality “the defining challenge of our time.” Republicans, preoccupied with their Tea Party zealots, mostly have avoided joining the debate, but the Wall Street wing of the Democratic Party raised the alarm. In an incoherent article appropriately placed in the Wall Street Journal, the New Democrats at the Third Way scorned War ...
OBAMA REPEALS OBAMACARE This is long, but it's the most positive and realistic analysis I've read! If you're serious, you'll read it, too, and pass it on! The Wall Street Journal "It seems Nancy Pelosi was wrong when she said "we have to pass" ObamaCare to "find out what's in it." No one may ever know because the White House keeps treating the Affordable Care Act's text as a mere suggestion subject to day-to-day revision. Its latest political retrofit is the most brazen: President Obama is partly suspending the individual mandate. The White House argued at the Supreme Court that the insurance-purchase mandate was not only constitutional but essential to the law's success, while refusing Republican demands to delay or repeal it. But late on Thursday, with only four days to go before the December enrollment deadline, the Health and Human Services Department decreed that millions of Americans are suddenly exempt. Individuals whose health plans were canceled will now automatically qualify for a "hardship exe ...
There's a mountain of blame to go around for the unveiling of the 867 page Volcker Rule on trading by Wall Street investment banks and commercial banks. I blame President Obama, Treasury Secretary Jacob Leu, five regulatory agencies, the lobbyists for Goldman Sachs, JP Morgan Chase for allowing a ru...
Nelson Mandela Memorial Service The historical handshake between Barack Obama and Raul Castro. The first time since the 60s that any Cuban or American head of state have attended a global-gathering. These two nations have been at loggerheads for more than half a century. I’m looking at the Obama-Castro handshake from every angle…….. sorry peoplezz but in relation to the Obama deception today, he couldn’t even look Raul Castro in the eye. There are too many who claim solidarity with Nelson Mandela struggle for freedom, but do not endure or practise what they preach. Mainstream media will paint the illusion tonight of President Obama being the next heir to Nelson Mandela / Martin Luther King’s legacy of anti-colonialism. Yet if Obama had a theme at all he’s a puppet for the White House, Hollywood, Wall Street, and the Zionists.
"Rich people want everyone to respect them. It is a pretty overwhelming thing that Wall Street actually does better under Democratic rule than with Republicans, the historical record is really clear, but President Obama has hinted very gently that maybe not everything Wall Street does is in the interest of society and so Wall Street has gone berserk" -Paul Krugman (Nobel Prize winning economist)
Lowest jobless rate in Five Years, Wall Street breaking all records, corporations sitting on billions, President Obama did it in spit off Republican stonewalling, well to be fair they did go after woman’s rights and the poor, Rush Limbau our beloved Pope Francis a Marxist, (Peter Paul and Mary “when will the ever learn”.
It was announced yesterday that Tim Geithner, President Obama's first Treasury Secretary, will become president of Warburg Pincus, a private-equity firm. Before joining the Obama Administration, Geithner had been president of the New York Fed, and before that worked for Bob Rubin in the Clinton Treasury Department. (Rubin, co-chairman of Goldman Sachs before becoming Treasury Secretary, advised Clinton to repeal Glass-Steagall and nixed the regulation of derivatives. After leaving the administration Rubin became chairman of Citigroup's executive committee, and was there when Wall Street nearly melted down in 2008; he is now a counselor at investment bank Centerview Partners LLC.) Geithner's move to Wall Street follows Peter Orszag, Obama's first director of the Office of Management and the Budget, also a Rubin protégée, who is now vice chairman of Citigroup's corporate and investment banking group. I don't begrudge those public servants who, after leaving office, take high-paying jobs in the private sec ...
ObamaCare* is NOT broken, Social Security is NOT broke or broken. Medicare is NOT Broken, Medicaid is NOT broken. Republican's G.W. Bush 'Medicare Prescription Drug Plan' or Part D is not broken. Tea Party Republicans have a Broken Party and they want to break everything that's good about America because they HATE Government. They love the Wealthy, Lobbyists, Mega Corporations, Wall Street, and Capitalists. 'The PP&ACA' or ObamaCare* is a Capitalist Program of 'The Heritage Foundation', a Right Wing Group, made popular by RomneyCare* in Massachusetts. The Right Wing only HATE it because President Obama passed it into Law, and They HATE Him. healthcare.gov is NOT broken, it's working 90% of the time; and the only problems with the website are Right Wing Sabatoge Tactics that are mostly failing, just like the TP Republican Party.
Wall Street is bullish on President Obama, as the "Obama Stock Market Rally" continues is trajectory upward. The Dow Jones Industrial Average and the S&P 500 have recorded their
Reining in America's Greatest Lawbreaker, President Obama The Hill reports that Republican members of Congress are contemplating actions to combat President Obama's lawbreaking methods of ruling from the Oval Office. "GOP officials have long claimed that the president has violated the law and the Constitution through administrative actions on issues ranging from immigration to nominations to the U.S. military involvement in Libya," writes The Hill. Conservative Rep. Jason Chaffetz of Utah is quoted, "There are a lot of examples of this." A lot, indeed, and not just recently. As reported at American Thinker last year in March, nine GOP state attorneys general issued a report on Obama's unprecedented officious lawbreaking. Obama has now reached the tipping point, however, with his illegal "fix" of Obamacare designed to overcome his lie that Americans can keep their Health Insurance. The president's open lawbreaking following his notorious lying puts Democrats' electoral prospects at risk. It frustrates ...
National Journal By George Condon. Just 65 miles from the White House, thousands will gather Tuesday at the battlefield where 150 years ago the sacrifice and bloodshed and deaths of warring Americans were immortalized by the words of President Abraham Lincoln. Fifty-one thousand casualties were counted when the fighting ceased in 1863, including 8,000 deaths, a toll that Lincoln, in his Gettysburg Address, pledged the nation "can never forget." But among the thousands in attendance will not be President Obama. Citing scheduling problems, the White House said he is staying in Washington…. In his place, he has dispatched little-known Secretary of the Interior Sally Jewell to the ceremonies. . . Obama, unlike his predecessors, stuck to his decision not to go to such an anniversary commemoration. His decision is doubly surprising because he has so often tied himself to his fellow Illinoisan Lincoln. Obama announced his candidacy in 2007 near Lincoln's law office in Springfield, Ill. Both in 2009 and 2013, . ...
I forward and post this FYI and interest. Robert Donin Robert Donin Robert Donin Insurance Wendell Potter Author, consultant; columnist at Center for Public Integrity and healthinsurance.org Now that President Obama has said it's OK with him if insurance companies keep their policyholders in health plans that don't meet the standards established by the Affordable Care Act, at least for another year, the big question is whether insurers will take him up on the offer. The answer: it depends. Some insurance executives will view the offer as one they can't turn down. Even though Karen Ignagni, president of America's Health Insurance Plans, the industry's big PR and lobbying group, had nothing good to say about Obama's proposal, keep in mind that she doesn't run an insurance company. While industry executives look to her to comment on what politicians do, they make their own decisions when it comes to their companies' bottom lines. Here's what Ignagni was quoted as saying in a Fox News story Friday: "The only ...
Thursday's Senate confirmation hearing of Janet Yellen, President Obama's pick to lead the Fed, must see-TV for Wall Street.
In The Wall Street Journal, Alan Blinder says that despite the poor performance of healthcare.gov, President Obama's health-care law is still worth supporting.
President Obama is calling on Congress today to put more money into agencies responsible for enforcing new financial regulations. Small chance. Wall Street lobbyists have made sure the Street can continue gambling with our money by (1) delaying and watering-down Dodd-Frank (not even the Volcker Rule, designed to make sure federally-insured deposits aren't used in the Street's casino, is out yet); (2) diluting and contesting (through endless litigation) regulations that agencies were supposed to devise under Dodd-Frank; and (3) making sure those agencies haven't had enough funding to enforce those regulations. Five Years after the Street almost melted down, requiring a massive taxpayer-funded bailout and propelling the economy into the deepest downturn since the Great Recession, not a single top executive has been indicted, and almost nothing has changed. One of the biggest failures of the Obama White House (and Tim Geithner as Treasurer) was not to condition the bailout on the willingness of the banks to ...
On the surface the debate about the Chairmanship of the Federal Reserve is about the merits of the two leading candidates, Lawrence Summers and Janet Yellen. But looks can be deceiving. President Obama leans towards Summers not on the merits but because the Wall Street bankers want him. Summers is one of the boys, and the bankers know that Summers will do their bidding, at the expense of everybody else. --Forbes Yellen is not much better. -- Ford
Robin Hood Tax USA Riding with Robin Hood to Take from Wall Street and Distribute to Main Street! With The Robin Hood Tax campaigners who take to the streets Think about it, in this the wealthiest country in the world the newest USDA data shows more than 48.9 million Americans lived in households struggling against hunger in 2012. But, despite this the House Republican Leadership’s Nutrition-Only Farm Bill just cut $40 billion dollars from the Supplemental Nutrition Assistance Program (SNAP), the newest term for food stamps. They also voted to defund President Obama's Health Care law, setting up another fiscal showdown just before the October 1st federal budget deadline. These draconian cuts are a renewed attack on all safety-net and poverty-alleviation programs. They say “where’s the beef, there’s no money”. But we say we’re sitting on a virtual pot of gold that could fund hunger, healthcare, and education. So we’ll head to the streets of NY where Robin Hood and his followers say it's time ...
People are so caught in the phony argument of right versus left that they honestly think.even when faced with overwhelmingly bad behavior by one of "their" party that a defense of "well the other side did it too" somehow makes it okay. No. Evil is evil and wrong is wrong no matter who does it. I spoke out against Pres. Bush ALL the time. I lost friends over it, I appeared on a MoveOn ad, I called him a "raving lunatic" in print in a major national publication, I supported his opponents, led rallies...because I was against war, aggression, the Patriot Act, spying on Americans, Wall Street bailouts and torture. It is utterly baffling that I can point to each of these same evils done under President Obama: war, torture, aggression, bailouts, spying and his supporters simply fall back on the tired old "Bush did it too" excuse.as if George W. Bush was the heroic founding father of the DNC or something. Just because someone who you consider to be a terrible President did something that the current President ...
Either Obama Knew About NSA Spying On Chancellor Merkel, Which Is Bad, Or He Didn't, Which Is Worse The U.S. government is in a bind this week after conflicting reports have emerged regarding its surveillance of German Chancellor Merkel's phone. According to the Wall Street Journal, government officials informed it that President Obama halted spying efforts on a number of world leaders, Merkel included, after an administration audit. Source: TechCrunch
Randall, we’ve always known that 2014 would be a tough fight. When you take on the special interests, sooner or later the special interests fight back. And sure enough, the Republicans are now lining up to take me on. The last thing Oregon needs is one more Senator who represents the top 1% instead of the rest of us, who goes to the mat for polluters and thinks politicians should stand between women and their doctors. Will you donate $18 and show them that when I stand up for Oregon values, a grassroots army stands with me? Just look at the Republican field: A Tea Party activist who questions whether President Obama is an American citizen. A right-wing state legislator who proudly displays his endorsements from anti-choice extremists and said he would have voted with the Tea Partiers who shut down the government unless the Affordable Care Act was defunded. A wealthy businessman who’s already poured $100,000 of his own money in to his campaign and proudly boasts that "I am solidly in the top 1% of inc ...
PART ONE So when it comes to Obamacare? Well, according to The Wall Street Journal, your Health Insurance premiums could double... or even triple in the years ahead...According to analysts at the IRS, the CHEAPEST Health Insurance policies available to the typical American working family will cost about $20,000 per year...Even though President Obama promised that healthcare premiums would go DOWN by $2,500 per year...But your Health Insurance premiums are just the tip of the iceberg when it comes to the cost of Obamacare...The bigger cost is TAXES...Did you know there are no fewer than TWENTY new taxes or tax hikes that come with Obamacare...By calling it a tax, not a penalty, Chief Justice John Roberts admitted it was the largest tax increase in the history of the United States...BUT HE VOTED TO LET IT HAPPEN ANYWAY!What that means, of course, is...The IRS will give even MORE power to frighten and force American citizens into paying higher taxes...In fact, the Obama Administration has given the IRS an ex ...
Yesterday, Wall Street hedge fund managers, bank CEO's, and the Koch Brothers notified the leadership of the House Republican caucus that they weren't so sure that this idea of defaulting on America's debt was a very good one. So today, Speaker John Boehner, presented his new, really creative idea to the President. Extend the debt ceiling for six weeks, but keep the government shut down during that period. That would keep Wall Street happy. As you can imagine, that suggestion went over like a fart in church with President Obama and the Democrats in Congress. Problem is, the government shutdown will also mean that veterans' benefits will be delayed. Seniors will not receive their "Meals on Wheels." Three and four-year-olds will not receive quality instruction in Head Start pre-school classes. People out in northeastern Colorado will experience delays when they apply for flood relief. Farmers and ranchers who lost cattle during the recent blizzard will not receive government assistance to help them ...
LAROUCHE: BANKSTERS ARE LYING; GLASS-STEAGALL WILL SOLVE THIS ( from today’s PDF news post) October 9, 2013 • 9:21AM Economist and political leader Lyndon LaRouche gave a firm answer today to claims from leading Wall Street bankers, and their magazine American Banker, (cf. below) that any U.S. Treasury default later this month will blow out the banks. "No, it will not blow out," LaRouche said, "for the simple reason that Glass-Steagall will solve this problem. And nothing else will solve it; no other policy can possibly work but restoring Glass-Steagall. "These bankers have never really earned any money honestly, to be crying about losing it because of the government. We should shut Wall Street down. Ram through the whole Glass-Steagall policy. That, and only that, will solve the problem." BANKSTERS WHO MET WITH OBAMA ISSUE SYSTEMIC BLOWOUT THREAT The same Wall Street chieftains who met with President Obama on Oct. 2 to plan the handling of Congress in the U.S. debt crisis, are threatening that any U ...
President Obama is standing by his refusal to negotiate over the ongoing partial government shutdown and the looming debt-limit bust, so House Speaker John Boehner and Treasury Secretary Jack Lew took their talks on the fiscal crisis to the airwaves in dueling Sunday show appearances. The conclusions: The partial shutdown is bound to last for at least another 10 days and the stakes are growing by the hour as Americans come to believe Obama is serious about not budging. Boehner and House Republicans are unified behind a pressure play: They keep passing bills to provide funding for popular programs and Democrats’ sacred cows, particularly retroactive pay guarantees to government workers. If Obama remains aloof from the process, things are going to get very dicey on Wall Street and Main Street.
The American Dream: What is the American Dream? Where has it gone? How can we keep it alive in our families? I think our politicians are fools or worse. I don't think either party is dealing with objective reality. The Republicans under President Bush got us into massive financial crisis. In addition, they got us into a war in Iraq with no chance of success. The Iraqi people are not going to accept basic human rights. Do you see how they treat their women? Have you noticed how our basic human rights have been degraded since 9/11? The Democrats are just as bad. The African American community has been devastated by President Obama's leadership. It is losing ground at a frightening pace. Race relations have substantially deteriorated under his leadership. Rosie is on a mission in El Salvador. To my shock youth unemployment is worse in our country than in El Salvador. And Wall Street is thriving. How can we preserve the American Dream for our families?
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President Obama went on CNBC today, and cleverly worked to ramp up the pressure on Speaker Boehner and the Tea Party by turning Wall Street against the party that they fund.
Excerpts from NationalJournal: George W. Bush: He Gave Rise to the Tea Party During his Five Years in office, President Obama has often blamed his problems on what George W. Bush left him with: two wars, a historic recession, an out-of-control financial system and a huge budget deficit. But W.'s most enduring legacy to his successor may have been the Tea Party movement, and the political dysfunction that it has brought. That may seem an odd conclusion. Today Obama is the central villain in tea-party rhetoric, and Bush is hardly ever mentioned. Yet the rebellion against Big Government that the Tea Party has come to embody really began more than a decade ago with a growing sense of betrayal among conservatives over Bush's runaway-spending habits. Conservatives were angered by his refusal to veto any spending bills, especially in his first term, not to mention what happened during the nearly six years of GOP control of the Senate and House from 2000 to '06, when federal spending grew to a record $2.7 trillio ...
“In the two years that the Democrats had the White House, the House, and the Senate, we got Wall Street Reform, student loan reform, credit card reform, healthcare reform obviously, the Fair Pay Act, expanding of the GI bill, they re-authorized the children’s Health Insurance program, expanded national service programs, fixed the sentencing disparity for crack versus powdered cocaine. We got the 9/11 First Responder’s Bill, we got the Hate Crimes Act, they ratified the START Treaty between us and Russia on nuclear weapons, they repealed Don’t Ask, Don’t Tell, they did Cash for Clunkers, they did the stimulus which included the largest middle-class tax cuts ever. That was all done by the Congress that was elected at the same time as President Obama in 2008. They were elected in November 2008, sworn in January 2009 and over the next 2 years they got all of those things done. Then, the Republicans did really well in the midterms, and Republicans took control of the House for the first time in years ...
LaRouche Demands Glass-Steagall Now! by Jeffrey Steinberg OCT. 2, (LPAC) -- Lyndon LaRouche today demanded that Congress immediately break the impasse on the government shutdown and the looming debt ceiling increase by passing Glass-Steagall through both Houses with a bipartisan veto-proof majority. "President Obama is playing Nero, exploiting a government shut down in a desperate effort to revive his collapsed presidency. And elements within the Republican Party are obliging him. This nonsense is concealing a far more deadly reality," LaRouche warned. "The U.S. economy is in a collapse, the entire trans-Atlantic financial system, from the Federal Reserve to the so-called too-big-to-fail Wall Street banks, is in a breakdown that cannot be stopped. Hyperinflation, accelerated by the past decade's policy of quantitative easing, bailouts, and bail-ins, has reached the point that the standard of living of the overwhelming majority of American households is collapsing." LaRouche continued: "None of this is ine ...
Goldman Sachs CEO Lloyd Blankfein and Bank of America CEO Brian Moynihan warned President Obama of the economic consequences if gridlock continues in Washington. WASHINGTON (CNNMoney) More than a dozen Wall Street bank chiefs warned President Obama at the White House that the financial system would suffer if the shutdown and debt limit aren't resolved. "We shouldn't use the threat of causing the U.S. to fail on its obligations to repay its debt as a cudgel," said Lloyd Blankfein of Goldman Sachs (GS, Fortune 500) after the meeting. Congress has been unable to come to a deal to fund the Federal Government, which shut down Tuesday. Even more pressing to bank chiefs and investors, Congress has until Oct. 17 before the Treasury exceeds its borrowing capacity, which means the U.S. will no longer be able to pay all its bills in full. On the second day of the federal shutdown, Blankfein and other bank CEOs said they told the president they agree the long-term consequences of a shutdown would grow "extremely adve ...
Senator Lindsey Graham is not what he seems. He has been hiding a dark secret from everyone. His friends, his family, voters in South Carolina, Republicans, and all Americans - and it’s finally time he comes out with the truth. He is an Obama-loving liberal. Senator Graham has voted with President Obama to bail out Wall Street and raise the debt ceiling so he and President Obama can continue to SPEND SPEND SPEND our tax dollars. Now, he is leading the charge with President Obama to pass an AMNESTY bill that would re-write decades of long standing federal law! And do you know why he is doing this? Because at his core, he is a liberal’s liberal.
There are three things Congressional Republicans should do now to win the battle with President Obama over the continuing resolution. They are good for the country and popular with the people. 1. What’s Good for Big Business Is Good For The American People Demand that the individual mandate be postponed for a year, just as President Obama did—again, illegally—with the business mandate. Why should Big Business get a stay of execution from this dreadful legislation and not the American people? Make this another non-negotiable demand. A postponement would be immensely popular and would be a huge setback to ObamaCare. 2. Don’t Tamper With Medicare! Demand that no money from Medicare be diverted to financing ObamaCare. Be the champions of protecting the integrity of Medicare. Let’s enjoy the spectacle of Harry Reid and the White House opposing this. This demand will also be popular with defunding-minded Republicans. 3. Eat Your Own Cooking Under ObamaCare Congress and its staff are supposed to bu ...
You can always see policies are working when the wealthy,Wall Street,utility and Patrolium Companies,and Corporate America are spending some of their record profits on adds to repeal long over due enforcement of old and new regulations ignored and defunded by the past adminastrations and the Village *** from Texas.American Corporations and bailed out,to big to fail Banks even though they have paid back tax payers and government with interest. They are the only segment of our country profiting from this slow recovery. Although real estate has made moderate increases to people fortunate enough to hang on to their homes.If the American people had voted President Obama in and Republicans to a minority in our other two branches of government. We would be furhter into recovery and more people would be working and at higher wages,with democracy in the work place.Republicans have kept the American uemployed and underemployed hostage to keep desparity alive and discredit our First President since FDR who is work . ...
Oil and Gas Journal cited record high oil production. Banks are booming, Wall Street is soaring and commerical real estate is through the roof. Who knew that when President Obama vowed help the little man, he meant the little man in Monopoly with the Top Hat
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.
Biden’s gaffes through the years include many memorable turns of phrase. Aug. 22, 2012: “Folks, I can tell you I’ve known eight presidents, three of them intimately.” Aug. 14, 2012 (to a largely African-American audience): “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.” May 16, 2012: “My mother believed and my father believed that if I wanted to be president of the United States, I could be Vice President!” April 26, 2012: “I promise you, the president has a big stick. I promise you.” March 23, 2010 (to President Obama, during the Health Care signing ceremony): “This is a big f—ing deal!” March 17, 2010: “His mom lived in Long Island for 10 years or so. God rest her soul. And – although, she’s – wait – your mom’s still – your mom’s still alive. Your ...
The biggest story of the week is happening right under our noses…While the media are focused on scandals and NSA snooping, another story could have an even bigger impact on America’s future. The Senate voted overwhelmingly to put the sweeping Immigration Reform bill on the floor and open it to amendments. President Obama declared that the “moment is now” to give 11 million illegal immigrants a pathway to citizenship. That would change the demographics of America’s electorate and greatly expand costs of social services. There are still heated arguments, like which will come first: legalization or securing the border? Some Senate Republicans, such as Kelly Ayotte of New Hampshire, back the bill. Others like Ted Cruz of Texas are fiercely opposed. And there’s still the unfriendly GOP House to get it through. The last time Immigration Reform was floated in 2007, a wave of public opposition killed it. Polls show Americans still want the borders secured first, by a wide margin. But this ti ...
June 14, 2013 Enhanced E-book Edition of Dirty Wars Jeremy Scahill's much-anticipated second book Dirty Wars: The World Is a Battlefield, was recently published to critical acclaim, reaching on the New York Times bestseller list. Now the enhanced ebook is available for Kindle, Nook, and Apple tablets. The exciting multimedia edition features over thirty images, including film stills from the documentary Dirty Wars, as well as exclusive photographs of Scahill's reporting in Yemen and Somalia. It also features interactive color maps, as well as seven short videos that include the film trailer, clips from the film, and interviews with Scahill. In the video interviews, Scahill shares his insights on the history of drones, President Obama's hawkish foreign policies, and the killing of Anwar al-Awlaki. Order the enhanced edition today. And click here to order the book. And be sure to check out the Sundance Film Festival Award-winning documentary Dirty Wars, which was released in theaters last week to rave revie ...
With the United States now providing direct Military support to the Rebel Forces in Syria fighting the Assad Regime --- President Obama has declared that a another State of War exits. Just so happens this one is in the "neighborhood" that we have been tirelessly negotiating Peace for decades. Hello? Israel. What have we done? For one we just sealed the fate of King Hussein in Jordan. Sorry Buddy, you are stuck with refugees by the tens of thousands and now you are going to train and equip the very factions that someday will be coming for your Nation State looking for some Democracy. Isn't American Freedom grand? We identify our future Enemy by teaching them Insurgency skills and urban Warfare tactics. WooHoo! All we need now is a couple of dozen Cruise Missiles and Wall Street is happy. The biggest beneficiary from all this World War is China. They can continue strong-arm economic tactics in the Asian Region while manufacturing Drones by the thousands a few more Aircraft Carriers and Attack Subs. Meanwhil ...
THE TRUTH ABOUT THE AARP . . . A TRAITOR TO ALL SENIORS! During the first debate, President Obama touted the support of AARP for ObamaCare several times, clearly tying them together. Further proof that they were working in concert can be found in recently released emails between the White House and AARP operatives. As the emails show, AARP threw their tremendous power behind the legislation despite the fact they were getting calls overwhelmingly against it. In fact, on September 20, 2012, Kimberley A. Strassel of the Wall Street Journal wrote: "Thanks to just-released emails from the House Energy and Commerce Committee, we now know that AARP worked through 2009-2010 as an extension of a Democratic White House, toiling daily to pass a health bill that slashes $716 billion from Medicare, strips seniors of choice, and sets the stage for rationing. We know that despite AARP's awareness that its seniors overwhelmingly opposed the bill, the 'nonpartisan membership organization' chose to serve the president's ag ...
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Why Wall Street regulation (Dodd-Frank) is sunk: The Dodd-Frank law, which has been suffering death by a thousands cuts, shows all these dynamics in action. Nearly three years after President Obama signed the legislation, only 38 percent of the 398 rules needed to fully implement it have been written. Wall Street lobbyists have fought every rule every inch of the way, deluging regulators with detailed counter-arguments -- often without any consumer or reform groups offering another side. Consider the imbalanced lobbying around just one rule, the proposed Volcker Rule. A new analysis by USA Today of meetings between regulators and outside parties shows the extent to wish Wall Street's lobbyists have dominated this conversation: banks, financial firms, financial industry groups or representatives accounted for more than 85% of the 253 meetings in USA TODAY's study. The rest involved consumer watchdog groups, labor groups and members of the public. Remember, that's just one rule (albeit an important, high-pr ...
BLANKLEY: The authoritarian temptation When democracy get messy, despotic types seek its overthrow In the weeks during and since the debt-ceiling debate, the media, pushed by the Democratic Party, has peddled the propaganda that our government is broken - because the Republicans in the House of Representatives negotiated a better deal than the liberals wanted. Though it was President Obama and Treasury Secretary Timothy F. Geithner who, during the debate, said they couldn’t assure payment of Social Security or interest on the federal debt payments (while Republican leaders guaranteed there would be no lapse in such payments) it was the GOP that the media accused of irresponsible threats. It is par for the course for the losing side in a congressional fight to bewail the end of democracy in America. But it is rare for the major media to push - and the broader public to bite on - such a line. Yet the surprisingly gullible Wall Street and European opinion leaders bought into that propaganda. Indeed, Standa ...
Unprecedented Jun 4, 2013 | By ThinkProgress War Room New Battle Against Senate GOP Obstruction The Federal Appeals Court for the District of Columbia Circuit is the second most powerful court in the nation after the Supreme Court. It often gets the last word on a wide variety of regulations, including those on Wall Street and polluters like oil companies and utilities, as well as on labor and national security matters. It doesn’t matter if we pass Obamacare or Dodd-Frank or unions work hard to win new protections for workers if the D.C. Circuit simply strikes down our accomplishments later. Despite its evident importance, more than a quarter of the seats on the D.C. Circuit are sitting empty today – one since 2005. Today, President Obama set about fixing that. He nominated three highly-qualified individuals to fill the remaining three vacancies. These are vacancies the president noted that the Constitution compels him to fill — and vacancies which were filled during the Bush administration when the ...
President Obama plans to nominate James B. Comey, a hedge fund executive and a former senior Justice Department official under President George W. Bush, to replace Robert S. Mueller III as the director of the Federal Bureau of Investigation. Comey, 52, was chosen for the position over the other fina...
Hey, let us review some of the good things that President Obama has done since he's been president. after five presidents over a century fail to create Universal Health Care insurance it was accomplished under Obama. Pass the stimulus bill, that stimulate economic growth amind the greatest recession amind the greatest recession since the Great Depression. it created a total of 3.7 million new jobs in the Private Sector. Pass the Wall Street Reform bill, Wall Street practice is created this recession. Ended the war in Iraq. Began the drawdown of war in Afghanistan. Eliminated Osama Bin Laden. Turn around the United States auto industry. Got banks back on their feet, essentially no cost to the government. Reverse Bush's torture policies. Toppled Moammar Gaddofi. Improved Americas image of overseas. Expanded Pell Grant spending. Increase support to our veterans. Tightened sanctions on Iran. Passed credit card reform. Improved school nutrition. Improved food safety systems and serve longer than any president ...
President Obama asked a Marine to hold his umbrella during a press conference in the White House Rose Garden, which is apparently against Marine uniform regulation.
Today's news from Sen. Bernie Sanders (I-Vt.): FCC: President Obama's nominee to head the Federal Communications Commission has an extensive history with the industries he would be in charge of regulating, experience that has some observers wondering if Tom Wheeler was the best choice for the job. S...
Good Morning uppers. Here's your Sunday show thread. Here's what we're asking today: Where does Hugo Chavez lie in the contested ground between villain and saint? Plus: Where does Latin America stand after Chavez's death? And then: How the rules get made in Washington -- and who makes them. Regulators are now at work promulgating many of the rules that will determine whether some of President Obama's signature initiatives, including Wall Street Reform and the Affordable Care Act, succeed or fail.
Why are the Koch Brothers, Papa John's president, and other 1% crowd not thanking President Obama for Wall Street? I forgot. He's black.
Jack Lew is President Obama's nominee for Treasury Secretary, set to replace Timothy Geithner. He REALLY likes deregulation of Wall Street.
Interesting information about the sequester per Speaker Boehner's press office (Sources NYTimes, WSJ, Bob Woodward, and others): You’re going to see President Obama at campaign-style rallies again this week, demanding higher taxes and blaming Republicans for his ‘sequester’ mess. Here’s what he won’t be telling you: This is President Obama’s sequester. “The idea for sequestration did come from the White House, as news accounts made clear at the time,” reports the New York Times. As Speaker Boehner wrote in the Wall Street Journal, “it is a product of the president's own failed leadership.” Republicans passed a bill with smarter spending cuts (twice), but the president’s Senate hasn’t passed it (or any other replacement bill). Senate Democrats haven’t passed a budget in four years either. The House voted to replace the president’s sequester in May 2012 and again last December. Each bill targeted waste and fraud, and would help put us on a path to balance the budget in 10 years. ...
The Sequester = Austerity. It’s didn’t work in Europe and it isn’t going to work here. It’s going to take our fragile economy, which has been in a Depression for most people since George Bush took office, and send it spiraling again. Wall Street greed, illegitimate wars, and dirty war-profiteering politicians *** Cheney) caused our debt problem. We had a budget surplus when Bill Clinton left office. The republicans trashed it with tax cuts, deregulation and war. President Obama tried to fix it and they obstructed everything he tried to do. Now the poor, the weak, the disenfranchised and the Middle Class are going to pay for it, like they always do. The culprits will walk away, like they always do.
As featured on Tuesday's "Onion News Network" on IFC, President Obama is back on top after cleaning the clock of a smug Wall Street banker.
POGO Sticks It to the SEC On Democracy February 15, 2013 In our last episode of that ongoing Washington soap opera, “As the Door Revolves,” we introduced you to former federal prosecutor Mary Jo White, pursuer of drug lords and terrorists, who left government to become a hot shot Wall Street lawyer defending such corporate giants as JPMorgan Chase, UBS, General Electric and Microsoft. Oh yes — and former Goldman Sachs board member Rajat Gupta, currently appealing his insider trading conviction. The New York Times reports that White and her husband, who’s also a corporate litigator, have a net worth of at least $16 million and investments that might be valued as high as $35 million. Now, courtesy of President Obama, Mary Jo White’s been named to head the SEC, the Securities and Exchange Commission — the very agency that regulates her clients and everyone else doing business in the Stock Market. But as they say on late night TV, wait — there’s more! Join us for our latest episode of “As th ...
from the Wall Street Journal: The Hagel Democrats Despite their doubts, Senators walk in lock-step with Obama. Per the Constitution, a President appoints cabinet members "by and with the Advice and Consent of the Senate." In the matter of Chuck Hagel's move to the Pentagon, the Senate's Democratic majority is more or less waiving this clause and rolling over to President Obama's wishes. It's not that Democrats don't have serious doubts about the former Republican Senator's record and qualifications. Senate Armed Services Chairman Carl Levin started last month's nomination hearing by enumerating them, from Mr. Hagel's long-standing opposition to sanctions on Iran to his warnings about the influence of a "Jewish lobby." The hearing itself was a debacle without recent precedent. Obama senior campaign aide Robert Gibbs called the nominee "unimpressive and unprepared." Under the headline "Whose Terrible Idea Was It to Nominate Hagel, Anyway?", a normally pliant Obama loyalist at New York magazine blamed this . ...
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You got that White, as in Mary Jo White. She's President Obama's nominee to head up the Securities and Exchange Commission. You remember the SEC, don't you? It's the same SEC that works for every crook on Wall Street. They go in, they get slapped on the wrist, pay a fine, pass the fine along to the…
Transcript JUAN GONZÁLEZ: As the 2012 presidential election season heats up, new campaign finance figures reveal Wall Street is heavily investing in President Obama. According to the nonpartisan Center for Responsive Politics, the Democratic National Committee and Obama have together raised more than $14 million from the securities and investment industry, compared to nearly $9.5 million contributed to his Republican rival, Mitt Romney. This makes Wall Street the third most generous industry donating to Obama’s re-election efforts. The news comes amidst ongoing investigations by the Justice Department into massive financial fraud by some of the nation’s largest banks. Yet four years after the 2008 economic crisis, not a single top Wall Street executive has gone to jail. Well, to look at how the politically powerful enjoy virtual immunity from the consequences of even the most egregious crimes, we’re joined here in New York by Glenn Greenwald. Familiar to all Democracy Now! viewers and listeners, he ...
Jacob Lew, the White House chief of staff whom President Obama nominated to replace Tim Geithner as US Treasury Secretary, is considered a change of pace for the department: He is known as a budget wonk...
Subject: I THINK SHE IS BIG TIME TICKED OFF! Alan Simpson , Republican Senator from Wyoming and co-chair of President Obama's deficit commission, calls senior citizens the "Greediest Generation" as he compared Social Security to a Milk Cow with 310 million teats. Here's a response in a letter from Patty Myers , a career school teacher in Montana ... Hey Alan, let's get a few things straight! by Patty Myers 1. As a career politician, you have been on the public dole *** for FIFTY YEARS. 2. I have been paying Social Security taxes for 48 YEARS (since I was 15 years old. I am now 63). 3. My Social Security payments, and those of millions of other Americans, were safely tucked away in an interest bearing account for decades until you political pukes decided to raid the account and give OUR money to a bunch of zero losers in return for votes, thus bankrupting the system and turning Social Security into a Ponzi Scheme that would make Bernie Madoff proud. 4. Recently, just like Lucy & Charlie Brown, yo ...
DOJ Reflection No 31: President Obama and the ideals of Dr. Martin L. King: Was President Obama, indeed, wrong? “Dr. West is advocating for the least of these that seemed to again be left out. *** got “Don’t Ask Don’t Tell” repealed and the right to marry, Wall Street bankers received no prosecutions for the theft of our surplus. Women got the Lilly Ledbetter Act that ensures equal pay for equal work and the Presidential defense of Roe vs. Wade. So when the President chooses to get sworn in on MLK’s Bible the President is evoking Dr. King’s values that he has fallen short of.”
"Smith and Wesson stock soared on Wall Street as Americans flocked to gun stores. The threatened ban caused the sales. The good news is, President Obama has sold so many guns that he's just won a free trip to Hawaii, saving taxpayers a ton of money." "President Obama issued two dozen executive orders to try to curb gun violence. It could affect the Super Bowl. The president banned the pistol offense, the shotgun formation, the bullet pass, the long bomb and any quarterback with a rifle arm." "President Obama didn't mention Foreign Policy in his Inaugural Address on Monday despite the War on Terror. He's on the warpath against gun use. The only concession that he made to the National Rifle Association was that he allowed his wife to wear bangs." "USA Today chided President Obama Tuesday for appointing white males to fill all his new cabinet post openings. The newspaper really took him to task. The president wrote a letter to the editor explaining that rich white men are in danger of extinction and if he do ...
WASHINGTON -- President Obama nominated Mary Jo White to be the new head of the Securities and Exchange Commission , saying her track record as a hard-nosed prosecutor means she won't be easily intimidated as Wall Street's new top watchdog.
President Obama's expected pick of former U.S. prosecutor Mary Jo White to be the nation's top securities watchdog is widely being taken as signaling a crackdown on Wall Street crime.
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- ...
Fred Barnes: Obama's Inaugural Intentions The president reached out to Democratic interest groups. Republicans? Not so much. By Fred Barnes \ Wall Street | January 21, 2013 President Obama wants more government. In his second inaugural address, he masked the message with phrases like "collective action" and doing "things together." But these were stand-ins—euphemisms, really—for a bigger and more ambitious Federal Government. That's the unmistakable goal of his second term, and his inaugural address was devoted to his determination to achieve it. Mr. Obama paid lip service to reducing "the size of our deficit." This was followed by a crucial "but" as he went on to defend a series of programs he is unwilling to cut, including Medicare, Medicaid and Social Security. "These things do not sap our initiative," he declared. "They strengthen us." In effect, Mr. Obama endorsed the entire liberal agenda as the guiding star of his next four years in the White House. He reached out to various interest groups in ...
Aloha. Former D.E.A. undercover agent and author of "The Infiltrator" Robert Mazur said on Coast to Coast am talk radio on January 7, 2013 that the White House, the Administration, the State Department and the Department of Justice consistently protect the largest drug cartel money launderers in favor of cracking-down on users and small dealers of marijuana and other drugs. He said that it's become accepted policy to allow the largest drug dealers in the world and their bankster enablers to continue with business as usual and only pay a small percentage fine if they ever get caught, which they rarely do. Virtually zero arrests of the largest money launderers, or their C.I.A. and Wall Street connected assets disturb the daily flow of mega-cash and drugs around the globe, most of it coming into the U.S.A. All this mega-crime and violence proceeds with the full knowledge and permission of the U.S. government, and with most of the U.S. media enabling all of the above. President Obama is living proof - in h .. ...
President Obama may not be a favorite of Wall Street, but stocks posted an 85% gain in his first term, topping first-term gains of Ronald Reagan, Bill Clinton and George W. Bush.
The Daily Teaspoon. Five Full Teaspoons Politics. Tonight I'm fizzed off. I'm fizzed that we have a president who had abdicated his office to the NRA and Wall Street. I'm fizzed off that more Americans will be killed by mass murder then would have if we had a President with a backbone. I long for the days of Jefferson who bought half of a content without asking Congress, I miss the courage of Andrew Jackson who told the Chief Justice (John Marshall) of the United States that he made his decision now enforce it on Indian re-location, Abraham Lincoln who told the rebellious South that the days of slavery were over, or President Teddy Roosevelt who sent the Great White Fleet half way around the world and told Congress who wouldn't fund the idea, "...now you bring them home." What are the lives of 20 6-7 years olds and seven educators worth, considerably less. President Obama got a tax deal, what the American people get are more mass homicides. President Obama is just another flunky who kisses the *** s of t ...
News item: President Obama intends to appoint Jack Lew as Treasury Secretary. You know, the same Jack Lew that, while working for CitiGroup, received a $950,000 bonus AFTER CitiGroup received a substantial taxpayer-funded bailout from the Federal Government. Wait, what did Obama previously have to say about Wall Street "Fat Cats" getting huge bonuses after being bailed out by the taxpayer? "That is the height of irresponsibility,” Mr. Obama said. “It is shameful. And part of what we’re going to need is for the folks on Wall Street who are asking for help to show some restraint and show some discipline and show some sense of responsibility." Hmmm. Once again, I guess Obama-present has never met Obama-past. Oh, and what role did Jack Lew play at CitiGroup while "earning" that taxpayer-funded bonus? Oh, yeah! He headed the division called Citi Alternative Investments, a unit of CitiGroup that bet AGAINST people paying their mortgages! Obama: the Great Wall Street Reformer, indeed!
Ruth Porat, Rumored Treasury No. 2, Lobbied Regulators For Morgan Stanley, A Lot !!! President Obama's pick to run the Treasury Department isn't much of a financial reformer. And it looks like his potential pick for Treasury's No. 2 spot might not be, either: She actively lobbied for Wall Street. Obama is reportedly considering tapping Morgan Stanley chief financial officer Ruth Porat to be the "number two" at Treasury under his pick for Treasury Secretary, Jack Lew. Picking Porat would address two problems for Obama: the notable lack of women named so far to his second-term cabinet, and Lew's professed lack of financial expertise. But it might create yet another headache: Though Porat is accomplished and apparently knows financial markets, she has also frequently lobbied regulators over the rules in the Dodd-Frank financial-reform law, according to an incomplete tally by the Sunlight Foundation. Of course, a new job might bring a new attitude about financial reform. It also seems that Porat's primary rol ...
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By William K. Black The New York Times has just run two articles confirming that President Obama intends to appoint Jacob Lew as Treasury Secretary Geithner’s replacement. Most people assume that Geithner is a creature of Wall Street through direct emp
Good Morning here's your Sunday show thread. Today we're talking about the apparent lack of diversity among President Obama's recent cabinet appointments, his nomination of counter-terrorism adviser John Brennan to head the CIA, and how accountability for cheating in sports compares to the lack of accountability for other acts of wrongdoing on Wall Street and in politics. Why are athletes who use performance enhancing drugs punished so much more aggressively than, say, Wall Street traders who engaged in fraud?
Our topic today is how George Bush destroyed America. Or, more precisely, how the Left says he did. Naturally, their solution is for America to join the ranks of European social democracies. It’s the only way to not to repeat “the mistakes that got us here in the first place.” The Left and their Old Media amplifiers tell a simple story: George Bush inherited frrm Bill Clinton a strong economy and a balanced budget. He proceeded to commit national arson by deregulating Wall Street, cutting taxes for the rich, and fighting two needless wars. The long fuse of Bush’s fiscal folly finally struck dynamite in late 2008, blowing Clinton’s Camelot economy to bits. President Obama has struggled boldly—against Republican obstruction-- to fix problems so bad not even a modest genius like Bill Clinton could have fixed them in a single term. Clinton modestly admitted this in his convention keynote. So, steady on the transformational path. It’s the only way Forward to redistribution paradise and state allo ...
Obama 2012 Second Term Inauguration To Cost Taxpayers $100 Million DECEMBER 9, 2012 11:00 PM0 COMMENTSVIEWS: 189 In light of the bad economic times we are facing as a nation, coupled with the looming fiscal cliff and the enormous $16 trillion national debt, plus when you add how President Obama spent the last 4 years campaigning around the country bashing the wealthy, fat cat bankers, Wall Street executives and anyone making over $250,000 a year, it is rather stunning to know that he will allow $100 million of taxpayer's money to be spent on his second inauguration. I don't know about you, but we here at IsThatBaloney.com see almost nothing but utter hypocrisy from this president. Is there nothing Barack Obama won't spend money on? From his 4 years of campaigning for his second term in office, to his lavish family vacations at taxpayer's expense, to Michelle's equally lavish taxpayer funded vacations, to his foreign aid even to enemies of the United States (the Muslim Brotherhood backed Mohammed Morsi in ...
From my friend Mark Weisbrot,co-director of the Center for Economic and Policy Research in Washington DC President Obama hasn’t picked a Treasury Secretary yet for his second term, so he has a chance to do something different. He can ignore what Wall Street and conservative media interests want and pick somebody who will represent what the electorate voted for. And not even just the people who voted for him: There are a lot of Republican voters out there who are also unemployed. I know what you are thinking: This is impossible. There is too much money and power on the other side of this idea. Well, maybe. But Obama has surprised us before. Last June he picked Jim Kim to run the World Bank. This was unprecedented and a historic change; Kim is practically the only World Bank president in 60 years that was not previously a banker or a war criminal. On the contrary, he had spent most of his entire adult life trying to help poor people get Health Care. Now of course the World Bank is not a cabinet a ...
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 ...
“Abuse of words has been the great instrument of sophistry and chicanery of party, faction, and division of society.” --John Adams So much for: "A balanced approach!" "I didn't run for office to help out a bunch of fat cat bankers running Wall Street," Obama said in December 2009. Obama Vows More Tax Increases by Keith Koffler on January 2, 2013, 8:58 am President Obama this morning pocketed the Republican concessions on tax hikes included in the Fiscal Cliff deal and promised that it was only the beginning of new taxation to be assessed on the American people. Obama, who appeared in the White House briefing room Tuesday night to hail the deal, made clear to Republicans that he will continue to seek a “balanced” approach to deficit reduction – White House code for “balancing” spending cuts with raising taxes. Meanwhile, spending on Obama-blessed programs will continue to rise, he asserted: "We can’t simply cut our way to prosperity. Cutting spending has to go hand-in-hand with further refo ...
Headline: President Obama cuts short a Christmas holiday to take another stab at a deal to keep the economy away from a fiscal cliff. Republican House Speaker John Boehner says the house will consider a bill if the democrat-controlled Senate passes it. And a surprise fall in jobless claims to a 4.5-year low offers Wall Street some support.
Column by Scott Lazarowitz. Exclusive to STR It seems that President Obama, Congress and especially Federal Reserve Chairman Ben Bernanke are determined to cause Economic Collapse in America. Some people, such as economist and investment analyst Peter Schiff and trend forecaster Gerald Celente, have been predicting that, because of Washington’s spending sprees, debts, perpetual wars and monetary printing, America is indeed headed for that Economic Collapse. But one aspect of that inevitable Economic Collapse that really concerns me is the possibility of martial law. Celente has stated that by 2012 there will be civil unrest, looting and food riots. If there is going to be an Economic Collapse along with the complete destruction of the dollar, then there probably will be rioting, looting, robberies, burglaries, muggings, vandalism and murders, which will mean that federal martial law will follow. Even the Wall Street yuppies will turn to violence, as they will need to support their addictions to Prozac a ...
Signs of Sanity - first it was Bill Krystol saying Republicans shouldn't "fall on their sword" defending lower tax rates for the rich. Now Louisiana Governor Bobby Jindal has said, “We’ve got to make sure that we are not the party of Big Business, big banks, big Wall Street bailouts, big corporate loopholes, big anything. We cannot be, we must not be, the party that simply protects the rich so they get to keep their toys.” It sure looks to me like leading Republicans are beginning to lay the groundwork for the Congressional Republicans to accept the tax hikes on the rich that President Obama is preparing to propose. Look for more conservative voices, including pundits like David Brooks and Bill Press, and politicians like Bob Mcdonnell, Jeb Bush, Marco Rubio, Nikki Haley, and others to start hinting that it would be OK for tax rates to be raised on those making $250,000 or more as part of a deal to avoid the fiscal cliff. Mark my words - the groundwork is being laid to remove the stranglehold tha .. ...
Dear Editor Charles Gasparino Sr. FoxBusiness correspondent said that President Obama's electoral victory means that the people have spoken and elected him based on their policies. The election proved in electing Barak Obama instead of Mitt Romney that Americans don't want taxes raised on the rich! It proves it, he has no mandate to raise taxes that's why the people elected him and despite the fact he was calling for a rise in taxes on the rich. Are they really that stupid or do they believe you are? Do they really believe that in saying it it becomes the truth, believing a six foot rabbit named Harvey is your boon companion will not make him corporeal. 70% of Americans polled over the summer wanted Republicans to fold on taxes and 52% of rank and file Republicans agree. Who's really left in opposition, the Koch Brothers, Grover Norquist a good chunk of Wall Street and Teavangelicals. 83 CEO's of the largest companies in America and the world are on board. Teavangelicals can set down and shut up and keep ...
President Obama, here's your list: Close Guantanamo Bay. Try or release prisoners. Re-regulate banks, Wall Street, and jail all those involved in the loans that took down the economy. Stop sending jobs overseas. Period. Continue to deport illegal persons from every outside nation. Stop drone attacks and bring ALL AMERICANS home from overseas. Hold Constitution Convention and remove Electoral College. Install a single term for each elected official and to just one office per individual. Expand Medicare for all. Return to Social Security the funding that has been removed from it and place it in a locked box. Stop ALL tax breaks and cuts. Rebuild America's infrastructure before it totally crashes. Thanks.
For those of you interested in facts, here are a few: If you look at the Bureau of Labor Statistics you will find that when President Obama was sworn in the unemployement rate stood at a calming 5%. Then, just seven months later, when Bush's policies began to unravel and the Wall Street collapse began to raise its ugly head, the rate went to 6.1% The next month Lehman Bros was filing for bankruptcy and Bank of America announced that it was taking over Merrill Lynch in an effort to stop it from heading into bankruptcy, the rate began to rise to 7.3% by December 2008. 2009 started out with 7.8% that soared to 10% by September of that year (which, by the way, was the highest it has ever atained to this day during Obama's watch.) From that point on, after the President and his advisors (I would advise readers to watch the HBO film "TOO BIG TO FAIL" to see the debacle that was completely avoided by this President and our government) began to take drastic mesasures, the unemployment rate began to drop. Fi ...
This Is the Worst Election for Wall Street in Decades by Tim Fernholz at the Atlantic Clinton and George W. Bush pursued financial de-regulation, Barack Obama bailed out Wall Street in 2008, and 2010 brought in a much more bank-friendly Congress. But 2012? Well, so far, Elizabeth Warren, the Harvard academic and financial regulator, is projected to be elected to the Senate from Massachusetts. That august body filibustered her appointment to run the Consumer Financial Protection Agency, the newly-created bank watchdog that she essentially invented, so now she's now joining the old boys club. Expect her to be a major voice on financial rules, whether or not she ends up on the Senate Banking Committee. And though she worked briefly for President Obama, she's an Equal Opportunity populist: As the chair of the committee that oversaw the TARP bailouts, she had plenty of harsh words for Secretary of the Treasury Tim Geithner. Another major critic of the banks, controversial Democratic Representative Alan Grayson ...
Stock Market Collapse: Obama Reelection Not To Blame The Huffington Post Comments (465) Well, we hope you are happy with yourself, America: You reelected President Obama and destroyed the Stock Market. That's what a bunch of angry Wall Streeters, who unsuccessfully sunk millions into defeating Obama, would like you to believe, anyway. The truth is a bit more complicated. The Dow Jones Industrial Average closed Wednesday down 312.95 points, or nearly 2.4 percent, its worst selloff of the year. It closed below 13,000 for the first time in three months. The Standard & Poor's 500-stock index also tumbled 2.4 percent, and the tech-heavy Nasdaq composite index fell nearly 2.5 percent. Throughout the election, Wall Street types took to CNBC to sound the dour warnings that a second Obama term would immediately cause all of your money to catch on fire, because of how much Obama hates business or something. Wednesday's bloodbath would seem to be their most apocalyptic warnings come to life. There are just a few pro ...
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Appointing Larry Fink as Treasury Secretary would bridge the trust gap between President Obama and Wall Street.
President Obama overcame the 1%, Tea Party, Trump, Wall Street, and/or Erin Burnett to win FOUR MORE YEARS. Congratulations to the USA
I have kept my political opinions nearly to zero for the past two+ years but here's my top 25 reasons for voting for President Obama and democrats: The current GOP: 1. GOP-Party of "NO" 2. Pro-deregulation of Wall Street 3. Anti-citizenship for children of immigrants 4. For Women NOT having a Choice 5. Pro-School Vouchers 6. Rush Limbaugh 7. Sean Hannity 8. Carl Rowe 9. John Boehner 10. Anti-working class 11. Mike Huckabee 12. Anti Health Care for all americans 13. Anti EPA 14. Anti Middle Class 15. Anti National Public Radio (Big Bird Included) 16. Laura Ingraham 17. Anti-fact based Science 18. Anti Department of Education 19. Mitch Mcconnell 20. Paul (abolish SS and Medicare) Ryan 21. Tea Party 22. Grover Norquist 23. Philosophy of "invade something.invade anything" 24. Sarah Palin for VP 25. Two wars and no way to pay for them! I like Mitt Romney but not whats behind him. From what I know, he was good for Mass. I wish him well.
The reality is that nothing will change in Washington until We The People demand the change. "We are the change." No president or House Speaker has ever brought change to this nation without We The People DEMANDING that change! WE repealed DADT, passed Obamacare, passed the Lilly Ledbetter Act, passed Wall Street Reform, etc. and Congress, with the president could not have done it before We The People started a parade in which the president could jump in front and make it happen. THAT is how change happens. But Obama has said all along that "WE are the change that we've been waiting for!" He didn't say yes "I" can, but "Yes, WE can." How can they say something has failed when what has failed is Congress' willingness to do what's best for the nation? Let's give President Obama a Congress that will work with him to pass the Jobs Act, and the Bring Home Jobs Act. THEN... you'll see a real recovery! Give him a Congress that will back him up to move us forward. We have two clear visions with these candidate ...
TIPs on why and How !!! Background: Guys love to make money. So do ladies, but--historically, biologically--we're the hunters, the ones who haul meat back to camp. Ever since the financial crash of 2008, however, it's been difficult to bring the bacon home. This has left men--who held 75 percent of the downsized jobs--in a state of depression. Unemployed guys are more than twice as likely to commit suicide. If you're not a breadwinner, you just feel like a loser. President Obama wants to extend tax cuts for people who earn less than $250,000, while raising taxes on people who earn more. Mitt Romney wants to extend tax cuts for all earners--including the rich--while making up for lost revenue by slashing deductions, spending and Big Bird. How to Vote: Are you a Wall Street tycoon, a lottery winner or a professional athlete with a multimillion-dollar contract? (Or expect to be one?) Romney's your man. Are you a member of the 47 percent or a Jim Henson Workshop creation...? Stick with the incumbent. 2. Abort ...
It's Election Day in the USA. For those who may have forgotten, here is a list of President Obama's accomplishments in his first term. 1. Passed the Lilly Ledbetter Act giving women equal pay for equal work. 2. Ended don't ask, don't tell. 3. Ended the war in Irac 4. Killed Osama Bin Laden and weakened Al-Qaeda. 5. Is ending the war in Afganistan. 6. Passed the Affordable Health Care Act providing healthcare for all Americans. 7. Stop the deportation of immigrant children brought here by their parents. 8. Established new rules on credit cards. 9. Regulated the tobacco companies. 10. Passed the hate crimes bill for *** Americans. 11. Restructured college loans making lower cost for students. 12. Tripled the size of the National Service Core. 13. Rescued the auto industry. 14. Passed the economic Recovery Act which lowered taxes for all Americans, increased spending on education. clean energy and infrastructure. 15. Passed financial reform to regulate Wall Street. 16. Appointed 2 women of only 4 i ...
I’ve seen Lou Dobbs on the Fox Channel and he was commenting on President Obama and the storm Sandy. Let me give you a brief profile of Dobbs. He was the Wall Street and business explorer and reporter on CNN for a few decades in the 1980s and 1990s. He made a fortune with the inside information on Wall Street dealings. He wanted to go to “greener pastures”; he was thinking of running for public office to become a congressman. He made so much money that he thought that being a RED NECK, he can move to Fox and then make his move to the Senate, but his ambitions were not realized, because people started to ask “where did you get all that money?” he has since abandoned his quest and now he is criticizing Governor Christie and President Obama for their handling of Hurricane Sandy. He said that Sandy was worse than Katrina and President Bush did a better job in dealing with the aftermaths of the most disastrous hurricane in the history of USA in 2005. Here is a Red Neck who just Romney is misleading t ...
Over the past few weeks I’ve heard a lot of people wondering what President Obama has accomplished in the past four years. After doing some intense research (read 10 minutes on the internet – not just because I’m lazy, but it really didn’t take that long to find this stuff), here’s an abbreviated list: 1. Passed the American Recovery and Reinvestment Act which averted an economic depression, reversed the rapidly rising unemployment rate, and created nearly 3.7 million Private Sector jobs (effectively digging us out of the hole created by his predecessor whose economic policies mirror the trickle down, “let’s give rich people more money and trust they’ll do the right thing” policies of Governor Romney. Interesting side note: Paul Ryan’s favorite author Ayn Rand signed up for Social Security and Medicare later in life. Make of that what you will). 2. Signed the Affordable Care Act, an attempt to insure 32 million Americans who had no access to primary care medicine, and several other ...
It's time to relegate Romney-Ryan-Rand and Tea Party politics to the ash heap of history! Bush left us with a huge deficit. One of the reasons was military spending. Romney talks about not wanting to leave our kids in debt and then encourages more miltary spending. And what about unmonitored Wall Street activity and how it contributed to our economic crisis? Do we need more of the same? Hurricane Sandy's damage was devasting and Romney wants the states to do everything rather than the Federal Government? The problem is not Obama's spending! The solution is not austerity! The problem is a lack of cooperation between Federal Government, state government, local government, business, and the people The solution is a reasonable president and a congress who can work with people at different levels, whether in the goverment or Private Sector, instead of being saddled by an ideological bent like the Tea Party, or flip flopping like Mitt Romney. In this regard, President Obama and the Democrats are far ...
I hope most of you understand I am not campaigning for President Obama or Mitt Romeny, honestly I am neither democrat nor republican. I support the freedom for the rights we have as individuals and to be free of governmental control and brainwashing. Every time we accept a goverment policy that denies a human right we set ourselves up to have a freedome taken from us. Once our economy was market driven.slowly over the last many years it has become Wall Street driven. The Small Businesses have been swallowed by conglomerates leaving us with less and less choice where we get our goods and services. It wont be long before certain means of speech will be banned. We will have 1 religion shoved in our faces, it is coming. All of it. George Carlin said it best, we have no human rights if they can be taken away by the government, we only have privileges.
Financial industry facts that led to the downfall of our economy: start of the economic decline which led to the "Great Recession" was Dec 2007 (before President Obama was even the leading Democratic candidate) and officially labeled as a recession in Sept 2008 (before the election); Reserve Fund "breaks the buck" in Sept 2008 (before the election); first Wall Street bailout signed by President Bush in Oct 2008; Bernie Madoff Ponzi Scheme discovered Dec 2008 (before President Obama's inauguration). OK, so now tell me again how our current economic state is entirely the fault of President Obama?
Colin Powell is probably the most respected Republican alive today... and a week ago on Thursday he endorsed Barack Obama for President. Colin Powell is a man of integrity... who knows both candidates personally... and obviously he is someone who places the interests of his country before his political party affiliation. We need more men like him who are willing to work together across party lines in public service to our country. Instead for the past 4 years we got the RNC and the "Party of No" who vowed to see that our President fails ... and by default... to hurt our economic recovery from a collapse caused by Wall Street greed... two wars... and tax cuts... all of which added to our National deficit because they were not paid for by Congress. This is what hurt Middle Class families the most. I voted for President Obama because he has worked hard to fix the mess that he inherited from selfish people. President Obama saved hundreds of thousands of jobs in the Auto Industry and related businesses He ...
39 reasons we should re-elect President Obama In case you know anybody who’s asking why: send them this list. The first bill President Obama signed was the Lilly Ledbetter Fair Pay Act, to help women fight back when they don’t get equal pay for equal work. His Recovery Act supported millions of jobs and helped to stave off a second Great Depression. He pushed for and won middle-class tax cuts that benefitted every American worker, and saved the typical family $3,600 in taxes over the last four years. President Obama rescued the auto industry, and now GM and Chrysler are healthier than they’ve ever been. The American auto industry has added nearly a quarter of a million jobs since June 2009—and they most likely wouldn’t exist right now without President Obama’s leadership. He doubled funding for Pell Grants, helping to make college more affordable for nearly 10 million families. His student loan reform ended billions in subsidies to banks serving as middlemen and reinvested those savings direct ...
I keep the TV on in my office to watch any breaking news that's happening. Woah. I want you to know what Scott Brown has been spending all of his Wall Street money on: One false ad attacking Elizabeth's work for coal workers and asbestos victims. But all the fact checkers know that Elizabeth was actually fighting to protect workers and have called Brown's attacks "a distortion." A second false ad accusing Elizabeth of wanting to "raid" Medicare. Total right-wing Republican nonsense. Elizabeth supports President Obama's Affordable Care Act, which extends the life of Medicare, and doesn't cut one dime from Medicare benefits. A third false ad claiming Scott Brown will support Massachusetts women because he "supported" the Lilly Ledbetter Fair Pay Act. Well, that's great, but that law passed well before Scott Brown was elected. As an actual senator, he did have one bill to protect equal pay for women -- and he voted no. A fourth false ad which claims Scott Brown favors "lower taxes for all" and Elizabeth want ...
I'm am so tired of Republicans blaming Obama for job creation when they voted down his Jobs Act and even the 4 Republican Senators that co-created a Veteran's Job Bill voted it down after Obama mentioned it at the DNC. Repugnant are shameful and I feel so sorry for those that vote against their own interests. No one has been better to business than Obama. He bailed out Wall Street, didn't charge anyone, Wall Street has doubled since Obama took office, Business is making more money than ever. 80 CEO's have written letter to President Obama and Romney asking to have their taxes raised. Bloomberg (America's financial adviser to the world) has endorsed Obama. Wake up middle-class and poor Repugnants you are being USED by hate-filled mongers. Despite all of this Obama lowered taxes on Small Businesses 18x since his election, made conditions good for 5.2 million new jobs created, saved the auto industry, Put regulations in place (That Bush Jr. had taken out) to make sure that Wall Street can't gamble with ou ...
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President Obama did push through the Dodd-Frank Act, which includes too-big-to-fail legislation and other measures that hinder banks' ability to set depth charges across the economy. Obama also created the Consumer Financial Protection Bureau, whose mission was to return America to the same safeguards that existed under Reagan and the first Bush. But when he appointed Eric Holder Attorney General, it was like making John Dillinger's lawyer head of the FBI bank-robbery unit. Holder, a former Wall Street defense attorney, would ramp up big-dollar settlements. But criminal charges quietly sputtered to a trickle.
What the GOP really wants is a return to Shangri-La. "Bush left office having presided over the worst record of job growth since the Great Depression -- zero net Private Sector jobs created; that's right, zero. Worse, his failure to regulate Wall Street set the stage for the worst financial collapse since the Great Depression, costing eight million Americans their jobs, wiping out 40 percent of many people's pensions, collapsing of the housing market, and causing the worst economic downturn in 60 years. Bush's trickle-down tax policies not only failed to create economic growth -- they left the Federal Government saddled with more debt than all of the previous presidents had racked up since the beginning of the Republic. And remember, that debt load made it even harder for President Obama to clean up the economic mess once he came into office in 2009."
Steve Benen deconstructs Grover Norquist's latest attempt to blame the national debt/deficit on President Obama:"...the key takeaway here is that it's Republican policies, not the president's agenda, that's driving the national debt now and into the future.Let's review this again (Americans for Tax Reform apparently learns slowly). Towards the end of President Clinton's second term, debt clocks that had been established in various U.S. locations had to be shut down -- the deficit had been eliminated and the clocks had never been set to run backwards. By the time Clinton left office in 2001, the nation not only had a large surplus, it was also on track to pay off the entirety of its debt -- roughly $5 trillion at the time -- by the end of the decade.Then the Bush/Cheney era happened. Republicans took a massive surplus and turned it into an even more massive deficit, adding the costs of two wars, two tax cuts, Medicare expansion, and a Wall Street bailout to the national charge card. Paul Ryan, the GOP's "l ...
So far major damage is flooding. Debris is blocking many of New York City. Damage assessments still coming in. Con Edison is does not have assessments of when full power will return. CIty buses in parking garages and maybe underwater. Mass Transits Systems expected to have major damage...no full assessments as yet. President Obama declares New York City and New Jersey disaster. Wall Street shut again. Unlikely to open. Atlantic City boardwalk washed away. Highly doubt that life will return to normal quickly.
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 ...
The last time I saw and spoke with Cornel West was 5 years ago in San Diego I believe at the American Academy of Religion annual meeting. I'm looking forward to meeting him on Thursday at CSU Dominguez Hills. I'm going to ask him if he still thinks President Obama is "“a black mascot of Wall Street oligarchs and a black puppet of corporate plutocrats.” He made said that a little over a year ago.
Thursday, October 25, 2012 Colin Powell puts country before politics and once again endorses President Obama. Courtesy of CBS News: With 12 days to go before the presidential election, Powell publicly endorsed President Obama for re-election on "CBS This Morning" Thursday. "I voted for him in 2008 and I plan to stick with him in 2012 and I'll be voting for he and for Vice President Joe Biden next month." Powell explained his choice to Charlie Rose and Norah O'Donnell: "When he took over, the country was in very very difficult straits. We were in the one of the worst recessions we had seen in recent times, close to a depression. The fiscal system was collapsing. Wall Street was in chaos, we had 800,000 jobs lost in that first month of the Obama Administration and unemployment peaked a few months later at 10 percent. So we were in real trouble. The auto industry was collapsing, the housing was start[ing] to collapse and we were in very difficult straits. And I saw over the next several years, stabilization ...
All Of Us Voting For President Obama, must also realize how important it is to support All Democratic Congressional Leaders On The Ballot, to ensure President Obama, a Majority Democratic Congress & Senate. We The Democratic People Out Numbering Republicans Hold The True Voter Power When We All Vote Together. The Republicans never want to talk about the mess they made and desperately tried to cover up, that was left for President Obama, to clean up. At the hight of 2007 the Nation's Economy was in a freestyle downward spiral. For eight years President George W Bush, Vic President *** Cheney, and the Republican leadership, in addition to two wars allowed widespread grand-scale Corporate and Wall Street embezzlement, of the Country's Treasury the likes of which we had never before seen. All heaped on President Obama, that Republicans now take absolutely no responsibility for. One need only imagine where our Nation would be today had John Mccain and Sarah Palin, been elected and Republicans were allowed ...
President Obama went after Mitt Romney and Wall Street executives in a wide-ranging interview for Rolling Stone this month, at one point using an expletive to describe his Republican rival, Politico reports.
The Entitlement of Wealth Mayor Bloomberg has launched a Super PAC to intervene in various elections across the country. The mayor has many well-known views on social and economic issues, and he’s using his Super PAC to foster the candidacies of people who share his views. So far so good, and his activities are certainly within the spirit of the Citizens United case. Mr. Bloomberg raised concerns about both President Obama and Governor Romney in an interview with the New York Times . One particular statement about President Obama’s proposal to increase taxes on the wealthy caught my eye. “This business of ‘Well, they can afford it; they should pay their fair share?’ Who are you to say ‘Somebody else’s fair share?’ ” Wealthy folks have all kinds of views and gigantic microphones. We get a steady diet from the likes of the Koch Brothers, Warren Buffet, Donald Trump, Steve Forbes, and Robert Rubin. While these people disagree on a variety of issues, they share a common characteristic ...
Unemployment Rate Drops In 41 States. The CBS Evening News (10/19, story 5, 0:30, Pelley) reported, "We got a good jobs report today. A Labor Department report shows unemployment fell last month in 41 states, including most of swing states that may decide this election. In Nevada, unemployment has fallen from 13.6% a year ago to 11.8%. It's still the highest in the nation. In Ohio it's down from 8.6% to seven, and in Florida unemployment fell from 10.4% to 8.7%." The AP (10/19, Rugaber, Pace) reported unemployment "fell last month in nearly all of the battleground states that will determine the presidential winner," giving President Obama "fresh fodder to argue that voters should stick with him in an election focused squarely on the economy." The Wall Street Journal (10/20, Mitchell) reported jobs were added in most of the 41 states where the unemployment rate declined. The Washington Post (10/20) and Los Angeles Times (10/20, Lifsher, Flores) also covered the story.
Wall Street is a big target – blamed for the financial crisis that led to the Great Recession. Mitt Romney says efforts to rein in financiers via more regulation are an attack on “economic freedom.” President Obama says new regulations would make it “more profitable to play by the rules than to game...
Robert Reich has an idea that should be obvious, but apparently is not: "President Obama should propose that the nation's biggest banks be broken up and their size capped, and that the Glass-Steagall Act be resurrected. It's good policy, and it would smoke out Mitt Romney as being of, by, and for Wall Street -- and not on the side of average Americans."
"In Tuesday night's debate, President Obama delivered a bold, powerful, aggressive performance that has Democrats across the land cheering. One of his most effective lines about the oligarchical fraud known as Mitt Romney was this one: 'Governor Romney...has a one-point plan. And that plan is to make sure that folks at the top play by a different set of rules.' "It would be terrible indeed if 'folks at the top' were able to 'play by a different set of rules'. It might mean that Wall Street tycoons could perpetrate a massive fraud that virtually collapses the world economy and causes massive economic suffering, yet suffer no consequences of any kind thanks to a subservient Justice Department - all while ordinary Americans are subjected to the world's largest and one of its most unmerciful penal states. It might mean that the nation's largest telecoms could enable illegal spying on millions of their customers and then be retroactively immunized from all civil and criminal liability. "Such a state affairs co ...
E.IZABETH WARREN FOR SENATE The Koch Brothers just gave Scott Brown's Super PAC $500,000 for mail and robocalls attacking Elizabeth. Half a million dollars to spend in just 20 days. The Republicans hit the panic button in Massachusetts -- and they're swooping in to save Scott Brown's campaign. The strength of our grassroots campaign is being tested like never before. If we don't stand up to the right-wing billionaires swooping in to help Scott Brown, it could be too late. Scott Brown and Mitt Romney have the same plan. Cut taxes for millionaires and billionaires, and leave everyone else to pick up the pieces. It was wrong when Scott Brown said it in our last debate, and it was wrong when Mitt Romney said it last night. The facts are clear: Elizabeth Warren wants to be the deciding vote to give President Obama a Democratic majority in the United States Senate to keep moving our country forward. Brown wants a Republican majority to stand in his way. That's why Karl Rove, the Koch Brothers and Wall Street wi ...
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Borrowed from New Yorker. Here is Obama, the man of the People, the protector of the poor and Middle Class, the Messiah who fight the rich lol Wall Street never had a better friend than President Obama. He's protected them every step of the way, with plenty of inside guidance from Timmy Geithner, Larry Summers, Jacky Lew and others. No prosecutions (listen sometime to Lanny Brueur explain how hard it is to find evidence!). Allowing the Fed to run a secret parallel give-away program for Wall Street that was even bigger than the original bail-out. Behind the scenes Obama was working to weaken Dodd-Frank, which is ridiculously complex, with the detailed rules being written by banking lobbyists. And don't forget Obama is very afraid of smart women who want to tell the truth about financial insiders, finding no place for Sheila Bair, Elizabeth Warren, or Brooskley Born.
Yes, President Obama has received more obstruction and more filibusters than any president in history. And yes, he still has accomplished more than any president since Lyndon Johnson. Measured in sheer legislative tonnage, what Obama got done in his first two years is stunning. Health Care Reform. The takeover and turnaround of the auto industry. The biggest economic stimulus in history. Sweeping new regulations of Wall Street. A tough new set of consumer protections on the credit card industry. A vast expansion of national service. Net neutrality. The greatest increase in wilderness protection in fifteen years. A revolutionary reform to student aid. Signing the New START treaty with Russia. The ending of “don’t ask, don’t tell.” Even over the past year, when he was bogged down in budget fights with the Tea Party-controlled GOP House, Obama still managed to squeeze out a few domestic policy victories, including a $1.2 trillion deficit reduction deal and the most sweeping overhaul of food safety la ...
- This is a Very Serious Question for people who support President Obama: Do you support the following issues? -End the Bush-era tax giveaways to banks, corporations and wealthy individuals. -Close corporate tax loopholes, especially billions in tax subsidies for the oil companies. -Raise new revenues by restoring 70% tax rate on incomes over $1 million. -Raise $150 billion a year by imposing a financial transaction tax on Wall Street speculation. -Cut the military budget by half. Bring troops home from Afghanistan and Iraq. -Create jobs in a major public works program to repair our nation’s infrastructure and to make our nation number one in “green industry.” Target the jobs to hard-hit inner city communities and the rural poor. -Fully fund a national Health Care program and drastically increase federal aid to education, Pell Grants, and other vital human needs programs. -Remove the cap on the Social Security payroll tax, so that CEOs and hedge fund managers pay the same rate as the rest of us.
"One very insightful part of Sowell's paper is the discussion about what Mellon called the "gesture of taxing the rich" — namely, tax-exempt securities that he tried unsuccessfully to put an end to. Tax-exempt securities and other tax breaks are valuable tools in the politics of class warfare and envy. Politicians have it both ways. They get votes by raising taxes on the wealthy — or threatening to do so — and at the same time provide the wealthy with a way out of high taxes through tax-exempt securities. This explains how President Obama can raise tens of millions of dollars in campaign contributions from Hollywood millionaires and Wall Street's rich and powerful. "Tax cuts for the rich" demagoguery is simply the height of deceit perpetrated on the gullible people and useful *** " from Walter E Williams article Tax increases for the rich and tax-exempt securities...
Perhaps it’s naïve of me to think so, but if this election was about the issues, the polling numbers wouldn’t be so close: -President Obama passed Health Care Reform – Romney will repeal it -President Obama passed Wall Street Reform – Romney will deregulate Wall Street and banks. -President Obama ended the Iraq War – Romney thought it was “tragic” to end it. -President Obama is winding down the Afghan war – Romney wants to stay there forever. -President Obama eliminated OBL – In 2007, Romney didn’t think it was important. -President Obama repealed DADT – Paul Ryan voted against repeal. -President Obama joined a coalition of European and Arab governments to topple M. Gaddafi and no American soldiers’ life was lost; he told Mubarak to go; and tightened sanctions on Iran to avoid war — Romney thinks President Obama’s Foreign Policy is weak and will use military force on Iran. -President Obama boosted Fuel Efficiency Standards and invested in clean green energy – Romney is stric ...
Wall St.'s Next Profit Scheme -- Buying Up Every Piece of Your Home Town Across America, schools, roads, and water systems are for sale to the highest Wall Street bidder. September 27, 2012 | The pace of Wall Street’s war against the 99% is quickening in preparation for the kill. Having demonized public employees for being scheduled to receive pensions on their lifetime employment service, bondholders are insisting on getting the money instead. It is the same austerity philosophy that has been forced on Greece and Spain – and the same that is prompting President Obama and Mitt Romney to urge scaling back Social Security and Medicare. Unlike the U.S. Federal Government, most states and cities have constitutions that prevent them from running budget deficits. This means that when they cut property taxes, they either must borrow from the wealthy, or cut back employment and public services. For many years they borrowed, paying tax-exempt interest to wealthy bondholders. But carrying charges on these have ...
From the Washington State Voter's Guide, General Election 2012 -- Statement of the Barack Obama/Joe Biden candidates for President/Vice President of the United States: "Over the last few decades, middle-class security had been slipping away for families who worked hard and played by the rules. Wages stagnated while costs soared. Fewer employers offered retirement and health benefits. College tuition costs skyrocketed. Then the Wall Street and housing market crashes cost 8.8 million jobs and sent the economy into a deep recession. From day one, President Obama took immediate action to put Americans back to work, stopping the bleeding and reversing the trend. He also began laying the foundation for a real recovery that has strong roots and a job-creating economy that's built to last. We are now at a make-or-break moment for the Middle Class, and the President knows that we must respond by restoring the basic values of balance and fairness that made our country great. President Obama believes Americans shoul ...
Think—it’s patriotic Folks, it’s time to accept the truth about the chameleon who aspires to the presidency of the U.S. Mitt Romney revealed the “hidden heart of his agenda” to his millionaire supporters behind closed doors and then, as is his custom, when he got caught, reversed himself the next day to the public. Romney is spineless, dishonest and a hypocrite. He lies constantly about President Obama and has flip-flopped on every major issue, ALL OF WHICH IS EASILY VERIFIABLE. Romney said “Let Detroit go bankrupt”; believes corporations are people; wants to deregulate Wall Street, eliminate capital gains tax and close certain tax loopholes such as eliminating home interest mortgage and charitable contributions; lies about “50% of green energy companies going bankrupt”; lies about the auto plant closing in Janesville; wants to get rid of Planned Parenthood which provides basic health services for poor and uninsured women; wants to repeal the ACA which was modeled after his health car ...
Once again President Obama shows that he is for the birds. His job performance is such a disaster, and since he can’t defend himself and his Administration, he defends himself with stuffed animals? He accuses Romney of lying, yet his complaints and performance are filled with lies. He should have fired his Attorney General for his cover-up of “Fast and Furious” and the lack of indictments over his Wall Street friends and advisors whose malfeasance has cost so many people to lose their life investments; his Secretary Of State for the cover-up of the death of our Ambassador and the Navy Seals; his Treasury Secretary for the devastating economy; the Federal Reserve Chairman for grossly devaluing of the dollar; his Energy Secretary for the huge government loans to Administration friends for failed green energy companies, and we can go on and on. He needs to look into a mirror and see that all of the promises made in his 2008 campaign were immediately broken with the lack of “transparency, no lobbyists ...
During last week’s presidential debate, Gov. Romney spoke out on where he would start with cuts to federal spending, taking on Big Bird, Jim Lehrer, and PBS. Now, President Obama...
The national polls have Mitt Romney in a Statistical tie with President Obama. Take a look at the article at the link below. These folks bought the congressional election in 2010. They are in the process of buying the 2012 election. [excerpt] ThinkProgress’ Lee Fang notes: “While the Koch Brothers — each worth over $21.5 billion — have certainly underwritten much of the right, their hidden coordination with other Big Business money has gone largely unnoticed. ThinkProgress has obtained a memo outlining the details of the last Koch gathering held in June of this year. The memo, along with an attendee list of about 210 people, shows the titans of industry — from Health Insurance companies, oil executives, Wall Street investors, and real estate tycoons — working together with conservative journalists and Republican operatives to plan the 2010 election, as well as ongoing conservative efforts through 2012. According to the memo, David Chavern, the number two at the U.S. Chamber of Commerce and ...
Andrea Mitchell quizzed Evercore Partners founder Roger Altman about the Wall Street take on the September jobs report and the election -- but failed to disclose he is a bundler for President Obama's
Rubio: Obama's 2008 Promises Almost Laughable Katie Pavlich News Editor, Townhall Oct 03, 2012 06:50 PM EST DENVER- During a pre-debate conference call Wednesday, Florida Senator Marco Rubio told bloggers President Obama's policies have been devastating to the Middle Class and slammed "laughable" promises Obama made in 2008 standing before Greek columns in Denver. “You read some of those promises now and they’re almost laughable,” Rubio said. "How about on taxes, he's proposing a Middle Class tax increase, his budget proves it." Banking off of Joe Biden's comments yesterday about the Middle Class being buried in the past four years, Rubio said we will see an argument tonight from Mitt Romney about how big government crushes the Middle Class. He pointed out it is not the big corporations or Wall Street firms who suffer most under bloated government, but the young entrepreneur and Small Businesses. "Big government is devastating,” he said. “What you’re going to see tonight is a very compelling ...
President Obama is correct when he says there is no “quick fix” to gas prices. Congress needs to end taxpayer handouts to Big Oil and reinvest those funds in American energy innovation and clean energy solutions. We need to make our cars and trucks more fuel efficient, so American families can cut energy costs and travel farther on less oil. Congress and the Commodity Futures Trading Commission should crack down on Wall Street speculators to stop their gambling from artificially inflating the price at the pump.
So Mitt Romney now supports the key points of the Affordable Care Act, NOT lowering taxes on the wealthy, regulating Wall Street, keeping Social Security a socialized system. He is sounding more and more like President Obama everyday. Again he keeps changing his positions.
I tend to agree with this quote from the always enlightening, often cranky (but accurate) James Howard Kunstler: "It happens that (President Obama) is a genial fellow with whom almost anyone might like to have a beer. Despite his winning smile, though, the president has managed to cripple due process of law, make war on the nation's own citizens, let Wall Street criminals run amok, and sell out the electoral process to a corrupt corporate oligarchy. I wouldn't vote for him again if he water-boarded me in a Jacuzzi full of Schorschbräu's Schorschbock 57 beer ($275 a bottle). But he's welcome to come over to my house and watch the baseball playoffs if he brings his own six-pack and a bag of Cheetos."
An excerpt from WSJ story today: The hour is 5 p.m., Sept. 11, Washington time, and the scene is an Oval Office meeting among President Obama, the secretary of defense, the national security adviser and the chairman of the Joint Chiefs of Staff. The U.S. diplomatic mission in Benghazi has been under assault for roughly 90 minutes. Some 30 U.S. citizens are at mortal risk. The whereabouts of Ambassador Stevens are unknown. What is uppermost on the minds of the president and his advisers? The safety of Americans, no doubt. So what are they prepared to do about it? Here is The Wall Street Journal's account of the meeting: "There was no serious consideration at that hour of intervention with military force, officials said. Doing so without Libya's permission could represent a violation of sovereignty and inflame the situation, they said. Instead, the State Department reached out to the Libyan government to get reinforcements to the scene." So it did. Yet the attack was far from over. After leaving the princip ...
To my "True Moderate Conservative Republicans" out there, since your complete and utter disdain for Mitt Romney is very apparent, and justifiably so, the Obama Administration supported the seven-hundred-billion-dollar TARP rescue package for Wall Street, and resisted calls from the Nobel Prize winners Joseph Stiglitz and Paul Krugman, and others on the left, to nationalize the big banks in exchange for that largesse. It's WHY your "Wall Street World" of unearned cash residuals became ever so abundant again. I'd take time to consider who President Obama is, and why your pain could have been alot worse. A vote for Romney certainly will crush "Wall-Street" again ... mark my words! Been there ... done that!
They want to cut taxes for high-income Americans while the Middle Class shoulders the burden. They want to let Wall Street write its own rules again, and remove the financial regulations President Obama has put in place to prevent another crash. They want to cut the budget in a radical way, decimating programs that help the Middle Class, poor children, seniors, and those in science and technology that will create the good jobs of the future. They want to turn Medicare into a risky voucher program that could actually raise costs for seniors by as much as $6,400 per year. This week, both campaigns -- Mitt Romney's and President Obama's -- face the biggest fundraising deadline yet. If we want President Obama in that White House for another four years, we can't take anything for granted, especially critical moments like this. Donate $13 or more today, and let's bring this home for President Obama and Democrats across the country: Clinton
1. America has made a new weapon that destroys people but keeps the building standing,. Its called the "Stockmarket". - Jay Leno 2. Do you have any idea how cheap stocks are ?? Wall Street is now being called Wal Mart Street- Jay Leno 3. The difference between a pigeon and a London investment banker . The pigeon can still make a deposit on a BMW 4. What's the difference between a guy who lost everything in Las Vegas and an investment banker ? A tie 5. The problem with investment bank Balance Sheet is that on the left side nothing's right and on the right side nothing's left. 6. I want to warn people from Nigeria who might be watching our show, if you get any e mails from Washington asking for money, it's a scam. Don't fall for it - Jay Leno 7. Bush was asked about the credit crunch. He said it was his favourite candy bar - Jay Leno 8. The rescue bill was about 450 pages. President Obama's copy is even thicker. They had to include pictures. Jay Leno 9. President Obama's response was to support some s ...
Steve Kroft (born August 22, 1945) is an American journalist and a longtime correspondent for "60 Minutes". His investigative reporting has garnered him much acclaim, including three Peabody Awards and nine Emmy awards, one of which was an Emmy for Lifetime Achievement You can understand what is happening to our America after reading this. May God have mercy upon our nation. * One Evil Human FROM STEVE KROFT ("60 Minutes") If you have wondered where Obama came from and just how he quickly moved from obscurity to President, or why the media is "selective" in what we are told, here is the man who most probably put him there and is responsible. He controls President Obama's every move. Think this is absurd? Invest a few minutes and read this. You won't regret it. Who is Obama? Obama is a puppet and here is the explanation of the man or demon that pulls his strings. It’s not by chance that Obama can manipulate the world. I don't think he knows how to tie his shoe laces. After reading this and Obama's rel ...
Rec'd a letter today from the Painter's International Union - my husbands union. They provided facts concerning the Romney/Ryan Plan. Their plan will be debilitation for all seniors. It reveals that under their plan, someone who is currently 65 on Medicare will pay an additional $11,000 during their retirement. A 54 year old today would pay an additional $124,600 and a 29 year old would pay an additional $331,200. Their Social Security would allow workers to divert 1/3 of their SS taxes into a private investment account rather than into the program. How would your Social Security benefit look now if you lost a third of it to the Wall Street crash 4 years ago? When you decided to retire you had 4 things to count on-your pension, your savings, Medicare and Social Security... If Romney/Ryan team succeeds, future retirees and beneficiaries of unions may not be as fortunate. We need to save Medicare and Social Security from Wall Street - Vote for re-electing President Obama and Vice President Biden. I WIL ...
To the Minorities that support Mit Romney! After 8 years of the previous administration (tax cuts for the wealthy, two wars at the cost of billions of dollars per month, lost of millions of jobs, collapse of banks and Wall Street, all because of the greed of wealthy men), how do you believe that he and they are looking out for you? I have attended a few Tea Party meetings and discovered that many are angry that their own policies are going to hurt themselves. How can you ignore their attitudes of "taking America back?" America is composed of "we the people!" How can you expect and demand President Obama to correct the damage America has been subjected to by hands of policies of the previous administration in one term? Have you forgotten that the republican agenda was to insure that our president would be a 1 term president? They have worked tirelessly to oppose every effort made by the president. They have blamed him for every bad thing that has happened to our economy. Have you forgotten how they have d ...
Film maker Oliver Stone has said he is "disappointed" by President Barak Obama but believes the US government does not have the "means to change". The director of Platoon, Wall Street and JFK told Andrew Marr that although re-electing President Obama was the "only rational response" to presidential challenger Mitt Romney, there was now a permanent political "consensus" to maintain wars.
To take one concrete measure of their support, records show that roughly two dozen members of Mormon families provided nearly $8 million of the financing for the “super PAC” working to elect Mr. Romney, Restore Our Future, putting them in league with its Wall Street, real estate and energy donors. Prominent Mormons including David G. Neeleman, the JetBlue founder, and Eric Varvel, the Chief Executive Officer of the banking division at Credit Suisse, are on his finance team. -The NY Times Brad Malt, the trustee of the couple's blind trust, added that Romney and his wife last year claimed a deduction for $2.25 million of their $4.02 million in charitable contributions, reports the AP. In the previous year, a large percentage of those contributions went to the Mormon Church. Critics, including President Obama, have urged Romney to release more than just the two years of returns and follow his father's model. When George Romney ran for president, he released 12 years of tax returns. – -Newsread.com Not ...
President Obama has pulled ahead in the swing states of Colorado, Iowa and Wisconsin, according to anew pollby released Friday morning by theWall Street Journal/ NBC News/Marist College, “reaching the 50 percent threshold in all three battlegrounds.”
I will repeat this, it is Wall Street and other financial institutions that caused our worldwide economic conditions. I support President Obama because he wants to regulate them more, and Mitt Romeny wants to ease regulations on them. Enough said.
In regard to politics, PLEASE do not confuse me with my conservative pal, the other Eugene Spaziani of Mystic Conn. I'm the Iowa Eugene Spaziani and am an enthusiastic supporter of President Obama. He's done a great job getting done what Susan and I want, despite the total refusal of the Republicans to agree with him on ANYTHING, even on policies that they had previously supported. He deserves a second term. The ticket of Mitt Romney and Ayn Rand--er Paul Ryan--would try to reverse every humanizing advance we've made over the last 100 years--including child labor laws, the anti-trust laws, the 8-hour working day and 5-day working week, Social Security, workingman's insurance, medicare, medicaid, food stamps aid, the affordable Health Care Act, birth control and women's reproductive rights of choice, voting rights and the civil rights acts, separation of church and state, and regulation of Wall Street and industries, which, if not watched, would otherwise not hesitate to lie cheat, steal, poison, maim an ...
In an editorial published this week, the Wall Street Journal said Bernanke's actions could help President Obama by lifting the short-term economic mood, but could also hurt him by reminding people that the economy is such bad shape. "The irony is that, with this historic and open-ended easing, Mr. Bernanke is also tacitly admitting how lousy the Obama-Bernanke economy really is. For all the back-s'apping by the Fed and the White House about how they've saved us from a Great Depression, four years later the Fed is acknowledging that the recovery is rotten, that job creation stinks, and that their policies haven't helped the Middle Class."
"Many activists, waving the Occupy Wall Street banner, insist that a bureaucrat named Edward Demarco is the devil behind all of this suffering. Even in protest, they can’t bring themselves to tell the whole truth – the truth that the people most need to know: that President Obama has callously allowed millions to be made homeless in his steadfast service to Wall Street." -Glen Ford ("Why Is Barack Obama Holding Back Hundreds of Billions In Housing Aid?")
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Okay guys and gals. We are less than 2 months away from the election. At this point I figure most of us have in mind whom we are voting for. Many of us will vote to re-elect President Obama. Others are planning to vote for Willard Rmoney. Before you do that on November 6, consider the following. Those of us that aren't kidding ourselves realize that the major political parties have been long ago bought off by special interests in the business and Wall Street communities. The modern day Robber Barons(hopefully you remember some of your history classes). These people do NOT have our interests at heart one iota. Therefore their lackeys in the White House, The House of Representatives, The Senate and the Supreme Court(and all their little fiefdoms and sub-fiefdoms right down to state and local levels) have not our interests in mind either. Therefore I propose the following. Don't vote this year. That is to say, don't waste your vote this year. Most people will tell you that voting "3rd party" is ...
My Hope IS that America will do a good decision on November 6th and stop blaming President Obama for this economy problems. you can go to Cnn and get a copy President Bush speech of September,24 of 2008 Bush plans prime-time speech The President will speak to the public about the proposed $700 billion bailout on TV tonight to urge skeptical senators. WASHINGTON (CNN) -- President Bush will deliver a prime-time speech Wednesday night to put pressure on Congress to pass a $700 billion plan to bail out Wall Street, the White House announced. Federal Reserve chief Ben Bernanke warned Wednesday that the current Wall Street crisis is the worst the country has faced since the end of World War II and urged Congress to take action on a proposed bailout package. But members of Congress - including members of Bush's own Republican Party - have expressed skepticism about the plan drafted by Bernanke and Treasury Secretary Henry Paulson. Bush's speech is due to begin at 9:01 p.m. ET and last just under 15 minutes. Min ...
Among the many falsehoods pushed at last week’s Democratic Convention is that this is the party of the people, unafraid to hold Corporate America responsible for its many ills. Judging by the records of the last two Democratic administrations, just the opposite appears to be true. Certainly, President Obama and, to some extent, Bill Clinton like to talk a good game in terms of class warfare, but under both men, real corporate crime-fighting has been at best a side issue — despite the immense amounts of white-collar fraud their administrations faced. UPI Corzine: Well-connected Democrat is facing no charges despite losing $1.6 billion — whereas Bush team jailed Republican fat cats. In fact, neither Obama nor Clinton can hold a candle to the corporate crime-fighting record of George W. Bush, that supposed lapdog for large corporate interests. Consider: As we near the four-year anniversary of the financial crisis, not a single Wall Street fat cat has been charged with violations of securities laws in c ...
This was an interesting comment on Meet the Press, this morning, on the interview with Romney Ruth H. Bloch ** WE DEMAND THAT MEDIA REPORT THE TRUTH ** In 2010 when the Tea Party and Republicans took over congress, Republican Senator Mitch McConnell announced that the priority of all Republicans was to make sure President Obama was a one term president. Since than Republicans have;. Blocked: Tax on Companies that ship jobs overseas. Blocked twice: Political ad disclosure bill. Blocked twice: the Small Business Jobs Act. Blocked: The Dream Act. Blocked so many times: Repeal of "Don't Ask, Don't Tell". Blocked: Anti-Rape Amendment. Blocked: Benefits for Homeless Veterans. Voted 33 times to Repeal: Affordable Health Care for Americans. Blocked: Health Care for the 9/11 first Responders. Blocked: The Jobs Bill. Blocked: Wall Street Reform. Attempted To Blocked: American Recovery and Reinvestment Act. Blocked: Oil Spill Liability. Blocked: Immigration Reform. Blocked: Unemployment extension bill HR-4213. Block ...
Liked · Yesterday . If anyone ask you what has President Obama done, tell them he ended the Iraq War, killed Bin Laden, saved the auto industry, appointed two outstanding female judges to the Supreme Court, created over 4 million jobs, signed the Lilly Ledbetter Pay Act to give women equal pay, increased Pell Grants for college students, stopped Health Insurance companies from discriminating based on pre-existing conditions, Wall Street Reform, Repealed "Don't Ask Don't Tell", and signed Dream Act. Start challenging Republicans over their backwards policies. Know the facts!
The acceptance speeches by Paul Ryan and Mitt Romney at the GOP convention were only slightly more grounded in reality than Clint Eastwood’s conversation with an empty chair. Ryan is infamous for his pack of lies, from the attempt to blame President Obama for the closing of a Wisconsin GM factory that began shutting down during the Bush presidency, to the fantasy that Ryan’s austerity agenda is about something other than gutting Social Security, Medicare and Medicaid in order to enrich Wall Street speculators and the insurance industry. About the Author The Editors Also by the Author Last Chance for Peace in Syria? (Foreign Policy, Regime Changes, World) The new UN envoy has a near impossible task. But Washington must support it—arming the rebels will only prolong the Civil War. The Editors A People's Platform for the Democratic Party (The Left, Election 2012) Three cheers for the full embrace of LGBT rights! Here are six more progressive planks for Democrats. The Editors Romney was just as bad, wit ...
Prophetic Voice of the Wall Street Journal. "The Democrats gathering in Charlotte this week are united behind President Obama but more than a little nervous about their November prospects. The thrill of 2008 is gone, replaced by an almost grim determination. The party of hope and change has become the party of grind-it-out, slug-it-out, and hope to win as less awful than Mitt Romney. ... Democrats of the Obama era are united by cultural liberalism, but above all else they agree on the goal of expanding the reach of government. ... The vanguard of ideas for the Obama White House is the Center for American Progress, which churns out proposals for government to mediate every sphere of economic life. In this view, the entire American economy is a giant market failure -- except perhaps Silicon Valley. Health-care costs can be controlled by dictating prices and medical practice. The climate can be controlled by putting coal out of business and subsidizing wind, solar and ethanol. Wall Street can be controlled b ...
Romney's Wrong Economic Answers By Bernie Sanders, Reader Supported News 07 September 12 iven Mitt Romney's business record as an outsourcer and tax avoider, and his desire to continue the failed economic policies of George W. Bush, President Obama should be 20 points ahead in the polls right now, not struggling to stay even. At a time when the wealthiest people are doing phenomenally well, Romney's plan to provide more tax breaks for millionaires and billionaires is dead wrong. At a time when we have lost more than 56,000 factories and 5.3 million decent-paying manufacturing jobs since 2000, Romney is wrong in pushing for more unfettered free trade, which will make it easier for large corporations to throw American workers out on the street and ship American jobs to China and other low-wage countries. At a time when millions of Americans continue to struggle through the horrendous recession caused by the greed, recklessness and illegal behavior on Wall Street, Romney is wrong to believe we need more dere ...
If u missed Elizabeth Warrens speach give it a look. Romney is all wrong for the u.s. Elizabeth Warren: "The System Is Rigged" By Steve Chaggaris, CBS News 06 September 12 assachusetts Senate candidate Elizabeth Warren slammed Wall Street, talked about economic issues and took the opportunity to sharply criticize Mitt Romney during her speech to the Democratic National Convention Wednesday night. Warren, the Harvard professor who's locked in a tight battle with Republican Sen. Scott Brown, said she and President Obama are on the side of small business owners. "People feel like the system is rigged against them. And here's the painful part: they're right," she said. "Oil companies guzzle down billions in profits. Billionaires pay lower tax rates than their secretaries. And Wall Street CEOs--the same ones who wrecked our economy and destroyed millions of jobs--still strut around Congress, no shame, demanding favors, and acting like we should thank them." As for small business owners, Warren added, "Not one ...
Destroying Our Military from Within Posted by Alan Caruba on August 25, 2012 at 6:27pm in Tea Party Nation Forum View Discussions By Alan Caruba “Of the four wars in my lifetime, none came about because the U.S. was too strong.” -- Ronald Reagan If you want to know how President Obama feels about the U.S. military, consider that in all the years since D-Day 1945 there have been three occasions when a President failed to go to the D-Day Monument that honors the soldiers killed during the Invasion. The occasions were: 1. Barack Obama 2010 2. Barack Obama 2011 3. Barack Obama 2012 For the past 68 years, all Presidents, except Obama, have paid tribute to the fallen soldiers killed on D-Day. This year, instead of honoring the soldiers, he made a campaign trip on Air Force 1 to California to raise funds for his reelection. The U.S. military has been systematically weakened from within by a combination of idiotic and duplicitous decisions that suggest how far the nation has come from the fundamental understa ...
President Obama has done nothing sar far? You mean except slowing down the recession and taking us into recovery by sticking to a recovery plan of stimulus dollars and labor force transition, exposing the absence of regulatory oversight when Wall Street was trying to pay itself first, shifted the focus of the war from Iraq to Afghanistan, and putting the emphasis on reducing terrorism where it should have been all along, He relaxed Anti-American tensions throughout the world, He closed the prisoner “torture camp” at Guantanamo Bay and stopped the US from holding "hostages" for up to eight years without ever charging them, he has made the environment a national priority, and a primary source for job creation, he has made education a national priority by putting emphasis and money behind new ideas like charter schools, he passed Universal Health Care, with a public option, to insure everybody in America has care when they are sick, he has restored the worlds credibility to the American Presidency and w ...
Watched the Democrat Convention last night. Michelle truly hit it out of the park. Went to bed totally chock-a-block with enthusiasm, energy and I just knew there would be a new brighter day tomorrow. I never realized that President Obama has done all the things he has done, solved all the problems he has solved and helped all the people he has helped. I had watched the Republican Convention and they were really hammering away that things weren't very good under Obama. Got up this morning and sat down with my coffee and paper fully expecting peace in the Middle East, everyone working at a job they wanted, gasoline at a buck and a half, our schools teaching real history and science very well, the Eurozone problems totally eliminated and Wall Street Brokers holding a sit in against greed. I think those Republicans may have been right. *** Bush!
2012 Election I have been very vocal in my disappointment in the current administration, however, I know that a Romney administration would even be worse for American workers and the American economy. Having an Ayn Rand devotee as the republican Vice President candidate is a very scary thought. I cannot in good conscious vote for President Obama based on his expansion of the war on terror. I see U.S. military adventurism in the Middle East which has resulted in the deaths and serious injuries of thousands of American working class G.I.s and hundreds of thousands of innocent civilians in Iraq, Afghanistan, Yemen, Somalia, Libya and other "global hotspots of terrorism" around the world. I have serious issues with the use of American drones to make attacks in sovereign nations. I also have problems that the democrats have not fought hard for a single payer Health Care system which is vitally needed in the United States to meet the needs of our people. Health Care Reform did not even include a public op ...
It's funny how most of the talk about "budget balancing" focuses on cuts to education and Health Care for the elderly, and not the real budget-buster: The Bush tax cuts. And by "funny," I mean, "it makes me want to throw things at the TV." This Thursday, President Obama will give a primetime address to the nation accepting his party's nomination. He needs to know that if he promises to veto any extension of the Bush tax cuts for the wealthy in that speech, we'll be standing with him. Sign the petition: "President Obama, please make a clear veto threat this Thursday." Paul Ryan and Mitt Romney don't care about the deficit -- heck, Ryan's budget doesn't balance the budget until 2040! They just want government to help the worst of the 1%, and no one else. It's why they support massive subsidies to corporations but want to mail seniors a coupon to replace Medicare. And it's why Romney's tax plan actually raises your taxes to pay for a tax bailout of Wall Street speculators. Making a veto threat won't just hel ...
– 0 mentions of Financial Reform: Even as millions of Americans struggle with the effects of the Great Recession caused by Wall Street malfeasance and scores of others continue to deal with the fallout of the foreclosure fraud scandal, Romney has said that he will repeal the 2010 Dodd-Frank financial reform law, but has yet to detail what, if anything, he would put in its place. — 0 mentions of Climate Change: “President Obama promised to begin to slow the rise of the oceans and heal the planet,” Romney said to loud laughter. It’s too bad that he and most of the GOP delegates don’t believe in the very real threat of global warming. – 0 mentions of Immigration: “We are a nation of immigrants,” Romney said, without explaining how he would help the 12 million undocumented immigrants in the United States. Romney has not said if he would rescind Obama’s temporary directive permitting young undocumented immigrants to work in the country, though his advisers have suggested that he would. – ...
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President Obama got out of Iraq, eliminated Bin Laden, saved the Auto Industry, reformed Wall Street, and expanded Health Car ...
Are you better off now than you were four years ago? Mitt Romney asked the question seven times in his acceptance speech. He clearly suggests that for most Americans the answer is no and that it is President Obama's fault. Is he that out of touch? Does he have amnesia? Is he cynically betting that a typical American's attention span is limited to a 30 minute sitcom? Four years ago, the world economy was on the brink of collapse. The US economy depreciated 6.2% in 2008. The unemployment rate was racing from 5% to 9.7%. Most of Wall Street was near bankruptcy. The Dow Jones average was in the 8000s. The auto industry was near bankruptcy. Foreclosures were up 81% in 2008. Home prices fell by a record 12.4% in the final quarter of 2008. Ah, the good old days, before Obama came into office and ruined things. Paul Ryan chided Obama for blaming others for his failures. Jeb Bush told Obama to stop blaming his brother. It's not hard to see why the Republicans would prefer that Obama not remind people of what the A ...
From the WSJ, AUg 31, page A14 Somehow, I find the reflective review of the WSJ more objective than the knee-jerk analysis of MSNBC. I'm not convinced that Ms Cutter knows what a lie is. There is no delicate way to describe ignorance. That one has a live mic in front of her face does not confer accuracy or authority. The Janesville President Paul Ryan quotes Barack Obama from 2008. Democrats are outraged. From their fainting couches, the press corps "fact checkers" and the liberals who love them are having a spell over Paul Ryan's Tampa convention speech. How dare he so much as mention the Wisconsin assembly plant that President Obama promised to keep open but didn't? The claim is that there was nothing the White House could do, because the General Motors facility in Mr. Ryan's hometown of Janesville was already starting to idle production and slated for closure when Mr. Obama took office. Therefore the empty production lines are George W. Bush's fault, like everything else in the last four years. But ...
Can someone help me to understand, if the Republican way is the right way. What happened to President Bush senior and Bush junior? My name is Joseph Wells and I approve this message. Let's move Forward. How in the world can you straighten can anyone straighten out this country’s mess, Republican or Democrat, in 3.5 years after former President George W. Bush left our country in a big mess? When Bush left the presidency, he left our country in two unfinished wars, one in Iraq and one in Afghanistan. Both wars were not paid for and both were unnecessary. Bush ran the national debt up to $11 trillion. This national debt caused the Wall Street melt down in September 2008, which caused millions of people to loose their jobs. It took President Franklin D. Roosevelt from 1933 to 1941 to get our country out of the Great Depression caused by former President Herbert Hoover. How can President Obama get us out of this mess left by Bush in 3.5 years? Andrew W. Bolin
If you listen VERY closely at the GOP during this Convention you MUST notice that they have offered ABSOLUTELY NOTHING in the way of DEFINITIVES...They "allude" to "this or that" without tangible specifics...NOTHING Concrete except their digital post of the National Debt...WITHOUT fully educating the public of the necessity of DEBT and the Objective of Managing Debt. Also, they FAIL to admit that WE (including me) were ALL wrong about Obama shoring up the Auto Industry and the Financial sector...GM and Chrysler are profitable again, thanks to his decision. Banks & Wall Street did not fully collapse... They have PAID back their loans with interest. WHICH means debt was USED dichotomously; the DEBT saved those industries AND they MADE %, which means they made MONEY...very simple, perhaps a little over simplified, I'll admit that, BUT the point is - IT WORKED!!! Both Romney and Ryan are in personal debt; make no mistakes. Bain Capital functions with certain debt that would make our working class minds SPIN.. ...
Tax Day is around the corner. As most Americans struggle to pay their share, we can't help but notice that Wall Street is not. On April 15, let's Tell President Obama "It's Time to Tax Wall Street."
We've had a Civil War for several years. The Republican/Tea Party have waged war on President Obama and the nation. They are synonymous with Satan. They pledge allegiance to Grover Norquist, the NRA, & Wall Street. They are warmongers, and worship guns. They undermined, subverted, and sabotaged the US economy and its institutions. They caused the USA to lose its triple-A credit rating. They wrecked the USA economy, institutions, and world standing from 2001 to 2009, and their actions threatened the world economy. They are treasonous, lying, greedy, selfish oppressors.
Open Letter to President Obama about Iran We are living in historic times. No, not because we have to make a "historic" choice in November between you and Mr. Romney. With all due respect Sir, I don't see a whole lot of difference between your policies and those of Bush and I don't believe Romney's can be all that different from yours. Our times are historic because they're fraught with danger, much of which is thanks to you and your administration's endless wars for empire, notwithstanding your Nobel Peace Prize which I'm sure you deserved. After all, you didn't start World War III - not yet anyway! But, the danger I'm talking about is the Israeli threats to attack Iran unprovoked and without any legal or moral justifications, an attack which surely would bear in the eyes of the world the tacit or explicit stamp of approval from the US - and rightly so - and would fan the flames of anger and resentment towards the US, in the Muslim world and beyond, for years to come. Such an attack would also galvan ...
The Wall Street Journal On Ryan's Plan. Editorial Exegesis The Left continues to attack Ryan's Medicare plan with falsehoods "One of President Obama's regular attacks on Paul Ryan's Medicare reform is that it would force seniors to pay $6,400 a year more for Health Care. ... The claim is based on a now out-of-date Congressional Budget Office estimate of the gap between the cost of Health Care a decade from now, in 2022, and the size of the House budget's premium-support subsidy for a typical 65-year-old in 2022. In other words, the $6,400 has no relevance for any senior today. None. But it also is unlikely to have any relevance for any senior ever because CBO concedes that its number is highly uncertain and 'will depend on the evolution of the Health Care and Health Insurance systems over time, which is hard to predict.' That's for sure. The more fundamental problem is that the CBO analysis has nothing to do with the current Mitt Romney-Paul Ryan plan. Nada. Over the last year Mr. Ryan has made major adju ...
Largest Contributors for Obama It should be of no surprise that among Barak Obama's top 20 campaign contributors, 5 are financial institutions. (Also of note, 4 are law firms and 1 is the largest tax evader in the United States - General Electric). Goldman Sachs, JPMorgan Chase, Citigroup, UBS, and Morgan Stanley are all active supporters of President Obama, the targets of anti-Wall Street populism, recievers of bailout money, and have grown market share significantly in the past 4 years.
Paul Volcker was Chair of the Federal Reserve under Presidents Carter and Reagan, and most recently led the Economic Recovery Board under President Obama. Volcker, who rarely gives one-on-one interviews, talks with CBS News' Anthony Mason about the banking industry, Wall Street's changing ways, and ...
Taxes Facts: President Obama has lowered income tax for families by $3,600. His plan is to leave that alone for people making and businesses making under $250,000. Now for 3% of Small Businesses and 2% of other Americans, the keep the savings on the first $250,000 too. However, they will pay more, hopefully a fair share, so that we can begin the process of paying down this out of control debt created by the Republican Congress and the disaster they created in the Banking Industry and Wall Street. Romney is lying when he says he wants to help the Middle Class. To him the Middle Class is what all of us know to be the 2%. Those poor folks make millions, but fall short of the $20M that Mitt is used to.
In today's edition of The Washington Times, former U.S. Senator George LeMieux (R-FL) writes about Governor Mitt Romney's pick of Paul Ryan as his running mate, saying the move transforms the election into something much more than a referendum on the economy; it's now about the future of our nation. LEMIEUX: Beyond Obama, Romney-Ryan shows truth is American way The case for an ideological election By picking Rep. Paul Ryan, Mitt Romney has fundamentally changed the dynamics of this election. What was shaping up as a referendum on President Obama has been transformed into a much bigger race about our challenges and our future. Not since the 1980 election have the differences between the candidates been so strong. That’s good for America, because our challenges are great. Left unaddressed, the Federal Government’s cascading debt and deficit will dramatically alter what it means to be an American. Unresolved, the interest payment on the debt alone will be unsustainable by the end of the decade, sooner if ...
"This [company name deleted] fiasco is one of the biggest clusterf**ks ever on Wall Street. Regular people got screwed and the banks and the insiders did okay. Or as Mitt Romney calls it, 'The American Dream.'" –Bill Maher "It's not a good week for President Obama either. His approval rating has dropped 9% in the last month to an all-time low of 41%. It was 57% last May. In fact, if this keeps up, the White House says they may have to fish out Bin Laden and shoot him all over again." –Jay Leno
The first time we let greedy bankers and Wall Street go unchecked, it brought us the Great Depression. Government put regulations in place to ensure that it never happened again. Starting in the 1990's the GOP decided that those regulations weren't needed any longer and that brought us the Great Recession. Maybe the problem isn't President Obama but *** GOTP legislators who think the financial industry can be trusted.
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Vice-President Biden said Mitt Romney was going to unchain Wall Street and let them write their own laws. The three politicians who received the most from Wall Street in 2008 were President Obama, and the Banking committee heads, Chris Dodd and Barney Frank. Essentially no one has been prosecuted by this administration and they wrote thousands of pages of laws and still claim things are a mess. More smoke and mirrors.
Good Morning my family and friends we here in Florida and I guess all battle States is getting so many negative ads that is driving us crazy. I am here to tell you do not get caught up in this with what the Republican Party and Mitts about what VP Biden said, he was talking about Wall Street not about Black People in chains and talking President Obama is trying to divide the people. We already know who is trying to divide the people is Mitt and the Tea Party with things like food stamp President welfare not works and the birther not born in America. Come on Mitts. who trying to divide us? The America people are not stupid. vote in 2012.
Vice President Joe Biden played the race card this week when he drawled Southern-style to a racially mixed audience that if Mitt Romney takes the White House, he'll "unchain Wall Street. They're going to put y'all back in chains." Last week, a super PAC run by a former aide to President Obama released an ad in which a former steelworker all but fingered Romney for causing his 55-year-old wife's cancer death in 2006 because Bain Capital shuttered the plant where he worked in 2001. The week before, White House aides stood back as Senate Majority Leader Harry Reid, without providing any proof whatsoever, charged that Romney didn't pay taxes for a decade. The president's henchmen are running a dirty campaign. The worst part of it: These nasty antics are the best Obamaland has to offer. Don't take my word for it. Heed the message delivered by Obama himself when he accepted the Democratic nomination for president in Denver in 2008: "If you don't have any fresh ideas, then you use stale tactics to scare voters. ...
Sandra Fluke, a young woman I greatly admire wrote an article in the Huff PO "Why I am standing with Barack Obama." The following is my response: I am NOT standing with President Obama. I am standing with and voting for Rocky Anderson and Luis Rodriguez. During the Carter Administration I was Press Secretary and Director of Communications for the DNC. MY Democratic Party would never have supported NDAA, undeclared wars, torture off shore, police brutality, and the loss of civil liberties. This President and this Democratic Party are spinless. They stand up for nothing until they have to. Rocky Anderson has been supporting GLBT since 1996, he has supported Bradley Manning, he believes the thieves on Wall Street should be held accountable, he realizes Climate Change should be a priority. The DNC and RNC are the same, funded by the same corporations and wealth. I've had it. I want to vote for someone who walks the talk not these commercialize robo candidates who continually sell out to the highest bidder.
"President Obama overcame a furious lobbying game from the big banks and intransigence from Congressional Republicans to pass and sign into law the most sweeping financial reforms since the Great Depression and established a new watchdog to enforce the strongest consumer protections in history. These reforms hold Wall Street accountable and ensure that responsibility is rewarded and everyone, from Wall Street to Main Street, plays by the same rules."
Listening to the Lieutenant Governor of Virginia, the place of my birth, address the nation on CNN totally delusional. For instance, he says the People should unseat President Obama and put Mitt Romney in his place because he did not keep his promises to the people. This is delusional because President Obama made a huge effort to kept every promise made to the American People and more. It was Mitt Romney and the Governor's Republican Party in Congress that put our nation at risk and BLOCKED the American People from receiving the promises Barack Obama made to move America forward. Furthermore, the American people are educated enough to know one man's failure to keep a promise that he still has time to fulfill does not mean another weaker man will be able to complete the task. On the contrary, it means the weaker man will not be able to do any better. It means putting a weaker man in will only cause more harm. Below is a comparison of what President Obama HAS done as Commander in Chief of this nation that t ...
Romney, will Slash College Aid! In vying for the Republican presidential nomination, Mitt Romney has wasted no time in lending support and encouragement to his party’s efforts in Congress that would make college even less affordable for Middle Class families. He dutifully endorsed the budget offered by Congressman Paul Ryan and said his own plan was “on the same page.” One standout feature of the Romney-endorsed Ryan budget is that it would deliver the biggest reductions to funding of Pell Grants in the history of the program. According to one newspaper, “the popular federal Pell Grant tuition program, vastly expanded under President Obama, would take a big hit under the far-reaching fiscal 2012 Republican budget blueprint released Tuesday by House Budget Committee Chairman Paul Ryan.” Romney’s allies in Congress opposed student loan reform that passed as part of Health Care Reform, and would allow big banks to once again act as middle-men in the process. While Romney’s allies on Wall Street ...
Professor Cornel West Loses Faith In Obama? Professor Cornel West says President Obama should be more like Martin Luther King…Ouch!!! The good professor believes there’s an ongoing lack of love and respect between people, especially where race is concerned. West says greed is to blame for the epidemic, and that it’s manifested in the actions of Wall Street players. Here’ what Professor West philosophized: “Love and trust and justice, concern for the poor, that’s being pushed to the margins, and you can see it. Our televisual culture that’s obsessed with superficial spectacle. And the educational system where the market model becomes central.” Professor West has evidently come to think like many blacks who are fed up of Obama (I guess when they got a black president, they instantly expected a solution). Some blacks reportedly feel Obama was an answer to their pain, and they’re tired of waiting. Now, many feel as if they have their hands tied behind their backs in a boxing match, because t ...
Please watch this. What Barofsky is saying about the mortgage situation is absolutely true. Former FDIC Chairman Shelia Bair had a good mortgage modification program in place; it was called a Mod in a Box. I was told by a Director at the Federal Reserve Board that this was going to be used. However, nothing was put in place to force the banks to use it. I promise you the blame lies with the Wall Street crowd and if you haven't paid any attention to Romney, he is definitely in their back pockets. He just went to England for a fund raiser with bankers that manipulated a major interest rate to their advantage during the financial crisis. The Tea Party doesn't have a clue about the complexity of the financial industry. We cannot tighten our belts out of this mess. The last time we had a serious financial crisis we became involved in a World War. We can blame President Obama, but we need to put the blame where it belongs on Congress.
Where we are: 2008 brought the long overdue crash of the economy that spanked America and the world just before the election. Republicans, who have forever decried government regulation refuse to admit their hands off approach to banks, Wall Street, loans and credit had anything to do with the predicament America found itself in. We taxpayers began bailing out the economy that by the way, crashed under George W. Bush. The bailout continued under new President Obama. Saved was the American Banking System. Saved was the American Auto Industry. Avoided was a second Great Depression. Basic stability was brought to the American economy by President Obama and a Democratic Congress, despite the Republicans. Enter America's new terrorist organization, the Tea Party. An offensive group of self appointed conservatives who took the right wing over the edge and scared republican politicians into leaving moderate positions and not working together with the other side for a better America. The Tea Party politici ...
The Week in Review: The Senate on Wednesday voted to extend tax cuts for most working Americans but end Bush-era tax breaks for top income brackets. Sen. Bernie Sanders on Thursday called out deficit hawk hypocrites who supported wars, the wealthy and Wall Street and now want to cut programs for working families like Social Security. Speaking of which, why isn’t President Obama defending Social Security? That’s a question Sanders raised in a Senate speech on Tuesday. “Have you heard him? I haven't heard him,” Sanders said. “It causes me concern.” On Tuesday, Sanders testified about his amendment to undo Citizens United. On Wednesday, he spoke at the International AIDS conference on a proposal to make medicine more affordable. And on Friday, he saluted Vermont athletes as the Summer Olympics opened in London.
Morgan Freeman donates $1 million to pro-Obama 'super PAC' "President Obama has done a remarkable job in terrible circumstances," he said in a statement. "He has ended combat operations in Iraq, put in place sensible reforms of Wall Street, saved the auto industry and protected the healthcare of every American with a preexisting condition. He has recognized the full equality of all our brothers and sisters and placed impressive, accomplished women on the Supreme Court. In return for this he is being targeted by hundreds of millions of dollars in special-interest money. I for one am proud to lend my voice - and support - to those who defend him."
A top-selling new book examines one of President Obama's mentors, who happened to be a card-carrying communist and was listed on the FBI's "Security Index" during the Cold War with the Soviet Union. The book is called, The Communist, Frank Marshall Davis: The Untold Story of Barack Obama's Mentor. Author Paul Kengor explained to CBN News that even though many people don't recognize his name, Davis played an important role in Obama's upbringing. "The grandfather, Stanley Dunham actually was searching for a black male father figure, mentor for his grandson, because Obama didn't have one because of his biological father. And so, of all people, Stanley Dunham picked Frank Marshall Davis," Kengor said. "I found Davis just constantly bashing General Motors, bashing Wall Street, bashing the rich and millionaires and Republican tax cuts, favoring redistribution of wealth to public works projects to get America out of a Great Depression," Kengor explained. "Calling for taxpayer funding of Universal Health Care - a ...
It’s been 730 days since President Obama signed the historic Dodd-Frank Wall Street Reform and Consumer Protection Act into law, and while significant progress has been made regarding its implementation, regulators are still facing a staggering number of rules, drafts, and final interpretations that...
"It’s no secret that, at this point, many of America’s richest men — including some former Obama supporters — hate, just hate, President Obama. Why? Well, according to them, it’s because he “demonizes” business — or as Mitt Romney put it earlier this week, he “attacks success.” Listening to them, you’d think that the president was the second coming of Huey Long, preaching class hatred and the need to soak the rich. "Needless to say, this is crazy. In fact, Mr. Obama always bends over backward to declare his support for free enterprise and his belief that getting rich is perfectly fine. All that he has done is to suggest that sometimes businesses behave badly, and that this is one reason we need things like financial regulation. No matter: even this hint that sometimes the rich aren’t completely praiseworthy has been enough to drive plutocrats wild. For two years or more, Wall Street in particular has been crying: “Ma! He’s looking at me funny!”
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Paul Kengor, author of Mercury Ink’s latest book The Communist, believes you cannot understand a man if you don’t know his mentor. As it turns out, President Obama had a mentor that we know absolutely nothing about – Frank Marshall Davis, a card carrying member of Communist Party USA. The left and the media have conveniently ignored Davis (and the fact that he is mentioned in Obama’s book, Dreams From My Father, a staggering 22 times), but Kengor has found indisputable facts about the man Obama regards as a mentor that will make your head spin. Davis was so radical the FBI placed him on the government Security Index, and his FBI file exceeds 600 pages in length. A columnist by trade, Davis edited and wrote for communist newspapers around the U.S., where he frequently used words like ‘change’ and ‘fundamental transformation.’ His writings indicate that he demonized Big Business, despised oil companies, considered Wall Street to be a group of “greedy millionaires,” and bashed Republican ...
From the Desk of *** Morris We Are So Screwed! Dear Fellow American, Too many of us over 50 are worried if we'll ever retire. Too many of us who are retired wonder if we'll be forced to trade our golden years for a job at the golden arches of McDonalds. And while we're still reeling from the government sucker-punching us, as they transferred our money to bank bailouts... Wall Street.. and the auto companies. Now the government is taking even more -- in secret. Here's why... and how... You'll recall President Obama had to drop his unpopular carbon tax. He could not openly pass "Cap And Trade" as it would have shut down even more businesses... and put even more people out of work. But if we've discovered anything about the President, it's that he's a rigid idealist. So he's found a way to implement "Cap And Trade" under the radar. Hardly anyone noticed how Hillary just gave away $2 billion of our money to the Third World for "Sustainable Energy for All." And (worse!) they've begun to negotiate a global EPA ...
All of these political leaders talking about elect and re-elect them, but I have not hear any of them, but the President talk about creating real jobs for Americans. I see the other party / both parties, creating blame and creating enemies of the people, blaming the Latin America for job lost, blame the blacks for crime and killing our economy, all of them talking more about President Obama, than what they can really do for our economy/ blaming oversea wars and powers for everything/when after 9 11 they were the main one ready to go over there and those countries we attacked had nothing to do with 9 11- HEY! ! ! WHAT ABOUT THE JOBS??? What blaming Wall Street and Corporate America and the Powers That Be for Crashing America’s economy / how about placing the blame where the blame need to be, we are not blind – in this information Age – everybody see what going on, this cover up by placing the blame on people who had nothing to do the economy and the crash of 08 – will not work. WE SEE YOU!
Mitt Romney Top 10 Lies this week, Written by Samuel Warde | July 1, 2012 | Top 10 Romney Lies 1. The first one on our list is an “oldie but goodie” Romney has used before, most recently last week. “I was with a woman in Las Vegas, she has a business. She rents furniture to casinos and to conventioneers that come to Las Vegas… When the president said not to bother coming to Las Vegas to go to a company meeting, her business collapsed.” As we reported last week Obama was actually speaking in reference to reckless indifference on Wall Street warning them: “You are not going to be able to give out these big bonuses until you pay taxpayers back. You can’t get corporate jets. You can’t go take a trip to Las Vegas or go down to the Super Bowl on the taxpayers’ dime. There’s got to be some accountability and some responsibility.” 2. Romney said “we are still waiting” for President Obama “to present an immigration plan” after the Supreme Court decision on Arizona’s immigration la ...
"Businesses now absolutely have to plan and bake in expenses associated with this," said Paul Powers, head of trading at Raymond James. "Before today, the thinking was that the law would be dismantled." This is a viewed as a big win for President Obama, which many on Wall Street see as a negative. "It's no mystery that the market doesn't love Obama. This is a feather in his cap," said Powers. "Investors don't want to see him go into the election with the wind at his back."
And now, almost four years after the Wall Street meltdown and President Obama’s election – and going on a decade since the Black Depression began in the early 2000s – African Americans are in even worse shape. There is absolutely nothing on the horizon that would reverse the steady relative deterioration of the Black economic condition, absent massive, targeted government intervention. The Republicans aren’t going to do that – and neither will President Obama, of his own volition. He avoids even the whiff of targeted federal intervention that might tend to favor Blacks. It’s against his philosophy, as he has repeatedly stated since the Spring of 2009, when Obama declared that a “rising tide” will lift all boats and that Blacks should not make special pleadings. Even when the Congress provided him with $6.7 billion targeted at those worst hit by the housing catastrophe – and the certainly means Black folks – Obama’s Treasury Department let most of the money sit there, unspent. I would ...
Liberals Urge President Obama to go after Wall Street harder - Shreveport Times
President Obama is playing Wall Street games with our money. "American Crossroads: Public Equity" @ Youtube:...
In place of my usual "Romney Lies" post, today I want to highlight Karl Rove and his dishonesty. The following is from Maddow Blog. Although this is hardly an unbiased source, the facts are clear: The reigning 'I'm rubber, you're glue' champion By Steve Benen - Thu May 3, 2012 10:10 AM EDT While others perfect their own "I'm rubber, you're glue" tactics, I continue to believe Karl Rove is in a league of his own. Today, for example, the former Bush/Cheney aide used his Wall Street Journal column to condemn President Obama for politicizing national security. No, seriously. Looking back on the 2004 race, Rove said Team Bush offered "simple, positive statements and images" about national security, because he recognized the value of restraint. [I]n March 2004, the Bush-Cheney re-election campaign released its first ads. One of them, "Tested," began with the announcer saying "the last few years have tested America in many ways. Some challenges we've seen before. And some were like no others." During this last s ...
Remember when Cory Booker, the mayor of Newark, NJ, disagreed with President Obama's attacks on Wall Street? Remember when Bill Clinton defended Mitt ...
President Obama is being pressed by a delegation of prominent Republican Senators on the Foreign Relations Committee to w...
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