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The House passed the most ambitious restructuring of federal financial regulations since the New Deal on Friday . . .Hey, did you catch that? The government could "break up companies that threaten the economy."
The sprawling legislation would give the government new powers to break up companies that threaten the economy, create a new agency to oversee consumer banking transactions and shine a light into shadow financial markets that have escaped the oversight of regulators.
The vote was a party-line 223-202. No Republicans voted for the bill; 27 Democrats voted against it.
- Question: Which companies are targeted by this?
- Answer: Any big company that gives too much money to Republicans.
The 1,279-page House bill . . .1,279 pages! Let's face it: The Democrats couldn't pass a resolution to honor National Stamp Collecting Week that didn't run at least a thousand pages long with $50 billion in pork-barrel spending buried in the amendments.
Rep. Barney Frank (D-Mass.), who guided the bill through the House Financial Services Committee . . .
And of course Barney Frank is in charge of the bill! Who else can we trust to bring reform and transparency to the financial industry?
And when the bill goes to the Senate, Chris Dodd will be in charge of it. Because this just makes sense, you see?
Please, Mr. Caterpillar, let me hit that hookah. After four or five puffs, maybe the madness will seem sane.
I see this emerging pattern of major legislative events and disclosures occurring on Friday/Saturday and I say: hmmmm....
ReplyDeleteWhat's wrong with the economy? It's the taxes, stupid!
ReplyDeleteWell, yes, there is also the uncertainty on health care and cap-and-trade as well, but for a slogan I sort of like the variant of what has come to be a stand-by.
Bill G.
Really think you should embed or link this, guys.
ReplyDeleteHow will the people undo this session of Congress? And that would just be a start.
ReplyDeleteIts called "legislative stealth", as lawmakers are passing legislation which is/will bring about the destruction of Capitalism, knowing full well on any other day of the week - the American people will be outraged, however, this legislation received little attention and the vote was on Friday afternoon.
ReplyDeleteLegislative stealth, to push an evil agenda of socialism and government control.......America?
Bill G. hit the nail on the head. Uncertainty is preventing businesses, particularly small businesses, from expanding. Unfortunately, it is our own government who is causing the uncertainty. And it seems intentional...
ReplyDeleteI keep having this reoccurring thought that I'm in the middle of some bad dream that keeps going and going. This Congress is non-stop bad news. They can't slow down one minute and have to shove this crapola onto the American people before they go down in flames in 2010. The libs in Congress and the Senate are seemingly willing to commit political suicide as long as they can push their agenda along. My God, is there no stopping them before it is too late? Or is it too late already...
ReplyDeleteHonestly, this misguided legislation is about one thing and one thing only: Expanding government power.
ReplyDelete'Misguided'? Stacy, you're being too kind to the Bolshes. They know exactly what they're doing. No one should think for one blessed second that they're doing this to 'reform' the free market and make it more 'just'. They are committed to destroying America and everything she stands for without having to resort to a violent overthrow. Instead, they believe they can avoid the messiness of such a thing by doing it via stealth legislation and executive orders. We are facing the gravest threat to our freedoms and liberties since the 1760's [I would argue this is even worse, but that's a subject for another discussion].
Where this will end, I don't know, but it looks like it ain't gonna be pretty. There are Questions We Can No Longer Avoid.
WOLVERINES!
"Its called "legislative stealth", as lawmakers are passing legislation which is/will bring about the destruction of Capitalism, knowing full well on any other day of the week - the American people will be outraged, however, this legislation received little attention and the vote was on Friday afternoon."
ReplyDeletelol! Oh, if it had only been done on a Wednesday or Thursday, the American people would have risen up in righteous anger!
If the above quote is true, what does it say about our country?
I think people tend to get the government they deserve.
Quoted from and Linked to at:
ReplyDeleteSTEALTH FACISM IN AMERICA: LATEST ACTION & TACTICS
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It's Time To ROC 'N' ROLL:
Restore Our Constitution & Restore Our Lost Liberties