Obama's Finance Reform

The below is originally from Steve Elliot of Grassfire Nation. As usual, I'm going to color my comments in red.

On Monday, the financial regulatory reform bill is expected to be brought up for vote in the Senate - a bill that Senate Minority Leader Mitch McConnell says, "not only allows for taxpayer-funded bailouts of Wall Street banks, it institutionalizes them." Of course, those of us who know who Obama really is and what he believes already know this.

Of course President Obama disagrees saying "Every day we don't act, the same system that led to bailouts remains in place… Opposing reform will leave taxpayers on the hook if a crisis like this ever happens again." Oh, but he forgets that the bailouts where HIS idea. HE wanted the bailouts. In fact, our economic down fall was due to DEMOCRATS! THEY were in charge of Congress when things started going south.

Even though I don't pretend to know everything about this financial overhaul, I've seen enough of Obama to know that when he says, "Every day we don't act…" I reflexively reach for my wallet. Me too.

In today's Wall Street Journal, their story "The New Master of Wall Street" breaks the finance reform bill down for all to easily understand… Ok, Kool Aide drinkers... Even this should be easy enough to understand.

"This is the most important fact to understand about the current financial reform debate. While the details matter a great deal, the essence of the exercise is to transfer more control over credit allocation and the financial industry to the federal government. The industry was heavily regulated before -- not that it stopped the mania and panic -- but if anything close to the current bills pass, the biggest banks will become the equivalent of utilities." And now you understand why a good deal of us who can see through Obama's smoke screen are worried. The federal government can't run ANYTHING related to a business. Medicare/Medicaid? Run by the government. Going broke. The Post Office? Run by the government. Going broke. Fanny Mae and Freddie Mac? Run by the government. Made US broke.

There you have it. This latest Obama push has little to do with "true reform" and much more to do with transferring control to the federal government! I keep saying this and I feel like a broken record... This is what Obama wants. It's all about control. The man is a control freak!

At best it is another Obama power grab - at worst, it will be a private bailout slush fund that you and I will be ultimately in charge of funding. And I think it's going to be both. :-(

Adding to the growing angst, the Journal continued saying, "The irony is that this may, or may not, reduce the risk of future financial meltdowns and taxpayer bailouts." It won't. It won't because taxes will continue to rise while businesses attempt to play catch up.

Why should American taxpayers have to do anything?

Why can't we allow failing banks, car companies and businesses to fail? Why should we be required to bail them out? I've said this before... LET THEM FAIL! Sure... it sucks for the worker, but it's just what happens. Businesses fail and then are bought by other businesses that can make it work. That's free market my friends and it's been proven. How do I know? It's because it's the only thing that has made America the economic power we once were before Obamanation.

Obama doesn't like Arizona anymore

Newsmax has this one.

This is all about illegal immigration and Arizona's tough stance on it.

Let me start by saying I have no issues with immigration for those who do it legally. My wife is a legal immigrant. Illegal immigration is just wrong and I'm glad the Arizona is taking a firm stance. I wouldn't mind being asked if I'm legal.

Screw what the rest of the world thinks while we're at it! Most of them are worse with illegals than we are.

Mexico? They shoot people they catch crossing their southern boarder. No joke!

Most (if not all) European countries will throw you in jail before they send you home, but you will be sent home without passing "Go" to collect your $200.

So why is it that in America, illegals MUST have rights? The only right they should get is a right swift kick in the ass out the door and back to their home country!

Of course, Democrats HATE this. Why? A tougher stance on illegal immigration equals less votes for them!

Obamacare set to increase costs

Again, something you won't see in the liberal media, only on Fox News.

No! NO!!!! IT CAN'T BE!!!!!!!

Who didn't see this coming? Medicare says it and I don't doubt it. Hell, the government can't even run Medicare/Medicaid right. Both programs are broke.

What I don't get is why didn't Obama fix those programs instead of screwing the rest of us? Those are his public options. They have been there all this time, but they needed to be fixed.

What also irritates me is the fact that there are liberals who still think the Republicans want to limit health care coverage. WE DON'T!!!!!! I'm sick of liberals saying:

1. That a very small percentage of conservatives are using scare tactics to win the health care debate.
2. That they won't admit that they are just as bad saying things like Republicans want to make sure that kids and people with preexisting conditions don't get heath care.
3. That conservatives are "astroturf"!

Liberals, listen up! When the stuff hits the fan, I can't WAIT to laugh at you and tell you, "I TOLD YOU SO!!!!!!" What am I talking about?

1. Employees of small business owners are going to loose their business health care because these small businesses are going to be squeezed to death by taxes. They won't be able to afford to insure their employees.
2. Obama's reduced health care costs are a hoax. Costs are going to have to go up in order to pay to insure those who aren't currently insured.
3. There will be an increase in medical fees for things like drugs and medical devices. You can't blame the health care industry for raising prices then because they'll need to in order to offset the taxes they are going to have to pay for such things. Again, raising taxes is going to happen in order to help pay for all of this.
4. Businesses are going to pay through the nose if they don't accept Obamacare.

I still don't understand how Obama thinks he can make socialize medicine work when it doesn't work as well in places where it's been there for generations.

Surfing porn at the SEC

Fox News' article.

Really? SEC staffers surfing porn on government computers???? And I though we were bad in the Navy for being on Facebook!!!

I wonder what would have happened if those guys would have been doing their jobs instead of surfing for porn.... I have to wonder if this was done on purpose. You know... to make sure that the markets would collapse. After all, isn't that what the Obama administration is trying to do without us even thinking about it?

Green schools????

Fox News article on "Green" Schools.

This "green" stuff is going to far. I know that Obama wants more "green" jobs out there, but really....

In a time where our education system isn't the best, the current administration wants to spend money on making schools green rather than on improving on our kids education. How sad.

I'll admit that in "going green", schools might save some money in the long run, but what's more important? The education our kids (aka our future) get or the creation of a few jobs that will be gone the moment the projects are done? I guess not. I guess spending the money on better equipment/supplies isn't as important. How sad. Besides, there are studies that say green schools don't really save money anyway, but of course Obama is going to ignore that just as he ignored the fact that socialized medicine doesn't work.

Besides, what about the safety of our kids? Isn't that more important than going green? I guess not. I guess spending the money on increased security isn't as important. How sad.

I feel for those of you who have kids in the public schools. It's a shame that you couldn't put them in private school, but even at that, you know that those are going to be fewer and fewer if the liberals have their way. Why? It's all about control.

Hitler said that if you can control the media (aka what people know), you can control them. Ever wonder why the Nazi Youth movement took off? Control. Think about it, but kids are even more demanding than their parents are, typically.