Congress close to financial reform; GOP recoils
For months, Congress has debated how — and in some case whether — to tighten regulation of Wall Street in the wake of the 2008 economic meltdown. Throughout the process, Republicans have been doing the banksters’ bidding, fighting hard to defend the overdogs and the uptrodden.
Early this morning, however, House and Senate negotiators finally settled their differences, producing financial reform legislation that both chambers are expected to adopt next week and send to the president for his signature.
The response from the GOP was immediate.
U.S. Rep. Joe Barton issued a heartfelt apology to Goldman Sachs, AIG and Bernie Madoff, proclaiming it a “tragedy of the first proportion.” Newt Gingrich, on Fox News, explained how this confirms the existence of a secular-socialist conspiracy. “Frankly,” he said, “‘Chavez’ and ‘Hitler’ have the exact same number of letters as ‘Barack’.”
Glenn Beck kept crying, Bill Kristol kept pressing his case that the best way to fix the economy was to invade Iran, Sharron Angle observed that this was nothing that Second Amendment remedies couldn’t fix, and John McCain insisted that his debate with JD Hayworth be canceled so he could fly to Washington to stare off into space while other people talked about things he didn’t understand.
Is this a great country, or what?
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215 comments Add your comment
josef nix
June 25th, 2010
1:32 pm
Bill Clinton invented oral sex? Wow!
Del
June 25th, 2010
1:32 pm
Wonder if Obama will learn anything from the Canadians at the G-20 summit. They’ve been doing the opposite of this administration and congress and far surpassing us in economic recovery.
josef nix
June 25th, 2010
1:33 pm
Now if that ain’t one for top of the page… OY!
TruthSayer
June 25th, 2010
1:40 pm
Wall Street has no fear about new rules and regulations. SMART people will continue to take money from STUPID people…
Outhouse GoKart
June 25th, 2010
1:43 pm
None of the complainers are aware of such, Jackie. What a silly question you ask.
rex
June 25th, 2010
2:07 pm
Looks like MSNBC’s 3 viewers have been spamming the blogs all day under different names. I guess when you’re a middle-aged, fat, bald, unemployed kook there really is nothing better to do.
stands for decibels
June 25th, 2010
2:09 pm
Let’s see, you want the government to control the types of cars that are made, our healthcare, the foods we are allowed to eat, what we listen to and see on television (Fairness Doctrine), our energy use, gas production, our banks and financial institutions, student loans, the internet,
Well, no, I don’t, nor do I know of anyone who does.
I mean, did you really ask that as a serious question?
Yes, I did. And you haven’t answered it.
This Guy
June 25th, 2010
2:10 pm
JKL2
June 25th, 2010
12:53 pm
It’s called criminal testimony. Not to worry as I’m sure the “Teflon Messiah” will find someone to fall on the sword for him. I wouldn’t be surprized if Emanuel gets taken down eventually.
So you have criminal testimony (facts?) about the governor. This makes Illinois the most corrupt state in the Union? And this implicates Obama across the board. Give me a break.
This Guy
June 25th, 2010
2:17 pm
If you want to base it on the number of federal convictions (criminal testimony??) per capita then here are your top five states:
1. Louisiana
2. Mississippi
3. Kentucky
4. Alabama
5. Ohio
Funny how the top are all red states! Illinois did rank 6.
Obamanation
June 25th, 2010
2:23 pm
Obama = Sellout = 1 time president
JKL2
June 25th, 2010
2:34 pm
this guy- per capita
IL does have the highest number by state. In case you haven’t seen the news, former Gov Rod Blagojevich is currently on trial. I’m sure that since he and Obama run in the same circle of criminals that Obama is completely innocent and has nothing to do with this.
If he could go to church for 20 years without hearing anything his pastor said I guess he could be equally clueless in this case (much as he is clueless at leading).
loufet
June 25th, 2010
3:08 pm
The irony here is, this bill is what should have been in place to have kept Clinton, Frank and Dodd from destroying the housing market; ie, the recession.
saywhat?
June 25th, 2010
5:38 pm
Nothing is Free wrote
“It’s pathetic that you would support the man, no matter what he did.
So exactly what would be the line? He is getting our military killed like they have never been killed in Afghanistan with their new rules of engagement,
so killing Americans is obviously OK with you.
Destroying our economy is OK with you.
Exposing his children to a racist madman is OK with you.
Overt and continuous lies is OK with you.
Refusing help that would have helped control the oil in the gulf is OK with you.
Destroying the rest of the Gulf Coast economy is OK with you.
So what would it take before we would hear the sound of your head being withdrawn from his rectum?”
I didn’t think NIF would turn on GWB like that.
Colin
June 25th, 2010
7:07 pm
Does anyone have any comments on whether this bill ended up containing any provisions requiring say on pay, or affecting corporate governance? Can a discussion on CEO pay be started? Did they do enough? Too much, too little? Should CEO pay be left alone? Or regulated?
Eli Jones
June 29th, 2010
9:01 am
“BARACK OBAMA IS COOKING THE BOOKS ON THE AMOUNT OF JOBS THAT HIS DEMOCRAT GOVERNMENT CLAIMS CREDIT FOR CREATING”
Barack Obama’s ACORN inflitrated Census Bureau seems to be playing games. One of the millions of workers hired by Census 2010 to parade around the country counting Americans blew the whistle on some statistical tricks. The worker, Naomi Cohn, told The Post that she was hired and fired a number of times by Census. Each time she was hired back, it seems, Census was able to report the creation of a new job to the Labor Department. Below, I have a couple more readers who worked for Census 2010 and have tales to tell. But first, this much we know. Each month Census gives Labor a figure on the number of workers it has hired. That figure goes into the closely followed monthly employment report Labor provides. For the past two months the hiring by Census has made up a good portion of the new jobs. Labor doesn’t check the Census hiring figure or whether the jobs are actually new or recycled. It considers a new job to have been created if someone is hired to work at least one hour a month.
Barack Hussein Obama, hmmm, hmmm, hmmm