Obama now proposes spending freeze!

[10DimeBry]

this spending freeze bullshit is like putting a band-aide on someone who got their arm cutoff

[husker]

I'm not trying to just blame Bush for this, but really this war started this. The Bank situation was screwed up, and it needed to be fixed, no one to blame for that. The Middle East is bankrupting another country.

9/11 and the popping of the internet bubble started the deficit, and the wars directly or indirectly were because of 9/11. it's funny how dem's seen to forget that little fact. you NEVER saw bush blame things on the previous administration for the dot com bubble or the 9/11 planning. not every bank was in trouble. the strong would have survived, and the weak would have been bought up by them for pennies on the dollar. and everyone would have learned a good lesson not to do the same risky things in the future. NOTHING GOOD WAS LEARNED FROM THE WAY THINGS WERE DONE WITH THE BANKS!!!

clinton, bush, obama, and congress all have some blame for the mess. clintom oversaw the internet bubble. and bush oversaw the housing bubble. both because they were good for the economy at the time. obama's run away spending is throwing gas on a fire. congress has had a hand in all of it.

[Guns]

Both parties to blame

Clinton, Republicans agree to deregulation of US financial system
By Martin McLaughlin
1 November 1999

An agreement between the Clinton administration and congressional Republicans, reached during all-night negotiations which concluded in the early hours of October 22, sets the stage for passage of the most sweeping banking deregulation bill in American history, lifting virtually all restraints on the operation of the giant monopolies which dominate the financial system.

The proposed Financial Services Modernization Act of 1999 would do away with restrictions on the integration of banking, insurance and stock trading imposed by the Glass-Steagall Act of 1933, one of the central pillars of Roosevelt's New Deal. Under the old law, banks, brokerages and insurance companies were effectively barred from entering each others' industries, and investment banking and commercial banking were separated.
The certain result of repeal of Glass-Steagall will be a wave of mergers surpassing even the colossal combinations of the past several years. The Wall Street Journal wrote, "With the stroke of the president's pen, investment firms like Merrill Lynch & Co. and banks like Bank of America Corp., are expected to be on the prowl for acquisitions." The financial press predicted that the most likely mergers would come from big banks acquiring insurance companies, with John Hancock, Prudential and The Hartford all expected to be targeted.

Kenneth Guenther, executive vice president of Independent Community Bankers of America, an association of small rural banks which opposed the bill, warned, "This is going to begin a wave of major mergers and acquisitions in the financial-services industry. We're moving to an oligopolistic situation."

One such merger was already carried out well before the passage of the legislation, the $72 billion deal which brought together Citibank, the biggest New York bank, and Travelers Group Inc., the huge insurance and financial services conglomerate, which owns Salomon Smith Barney, a major brokerage. That merger was negotiated despite the fact that the merged company, Citigroup, was in violation of the Glass-Steagall Act, because billionaire Travelers boss Sanford Weill and Citibank CEO John Reed were confident of bipartisan support for repeal of the 60-year-old law.


This is where it began in 1999....both parties are complicit in the meltdown

[10DimeBry]

after dear leader proposes a spending freeze tomorrow i'm gonna propose a spending freeze for my wife. I'll keep ya posted on how that goes...lol

[husker]

after dear leader proposes a spending freeze tomorrow i'm gonna propose a spending freeze for my wife. I'll keep ya posted on how that goes...lol

do you have some place to spend a couple nights?

[10DimeBry]

do you have some place to spend a couple nights?

my parents are in fla for the winter. I can go to there house here and crash if i have too.....lol

[husker]

my parents are in fla for the winter. I can go to there house here and crash if i have too.....lol

in that case, forget the spending freeze. tell her to start paying you! it's nicer in fla now.

[insidethe8thpol]

He & congress jacked up all spending 20% last year and now he comes out after another voter beating in Mass. and is going to claim he is feeling what the 'middle class' needs is a spending freeze

Debt is rising faster than brokered backroom deals and this popularity winner is going to cut a whole $15 billion dollars from 17% of government programs. Sounds like a shell game to me .

On Dec. 24th, they all stood there with those big grins on their face as they cheered their healthcare vote and 1 month later, after the Brown win, they are scrambling like chickens with their heads cut off because they thought they can just shove spending hikes up our asses and get away with it.

Maybe someday this clown will start governing instead of campaigning

On a side note, he couldnt even bring himself to call the Xmas day bomber a terrorist !! Instead, he called him 'the Nigerian student who tried to blow up a plane'. What a joke

[flarendep1]

[QUOTE=insidethe8thpol;1765477]He & congress jacked up all spending 20% last year and now he comes out after another voter beating in Mass. and is going to claim he is feeling what the 'middle class' needs is a spending freeze





Didn't you see the big sign behind him when he announced this:

"Middle Class Task Force" WTF is that, another bureacracy of do nothings who make $100,000 a year

Task Force my ass, is that supposed to impress people? What a show. A total joke.

[flarendep1]

And by the way, why is he dividing people by class.?????????.............I thought he would bring people together?? Classic Liberal tactics

[insidethe8thpol]

didn't you see the big sign behind him when he announced this:

"middle class task force" Wtf is that, another bureacracy of do nothings who make $100,000 a year

Task force my ass, is that supposed to impress people? What a show. A total joke.

Before Virginia & New Jersey & Mass. = You people cant do a fucking thing to stop us and our looney agenda, so shut the fuck up and sit down


After losing Virginia & New Jersey & Mass.= we feel what you people are so down about and are here for you in your time of need

[insidethe8thpol]

And by the way, why is he dividing people by class.?????????.............I thought he would bring people together?? Classic Liberal tactics

Must be #42 in the Saul Alinsky playbook

[insidethe8thpol]

What about the $500 billion in 'Stimulus' that hasnt been spent yet ?? the payback money from banks ??


You know damn well he is going to find a place to spend it and it wont have anything to do with creating jobs or paying down the deficit

[Jamaicanman]

This might sound like a dumb question, but I would LOVE to see the different answers.

If the government is SO efcicently run as many claim, and clamor for the public option, then how is there $500 BILLION in fraud and waste in the program?

And more importantly, WHY NOT PASS ANY LAW NEEDED TO STOP THE FRAUD AND ABUSE, RECOUP THE 50 BILLION A YEAR, AND HELP THE ECONOMY AND DO WHATEVER WITH IT NOW?

Essentially the idiots in Washington sat on their hands for a year on healtch care while $50 BILLION goes out the door in Medicare fraud? This makes no sense. Why not stop the losses RIGHT NOW?

[flarendep1]

This might sound like a dumb question, but I would LOVE to see the different answers.

If the government is SO efcicently run as many claim, and clamor for the public option, then how is there $500 BILLION in fraud and waste in the program?

And more importantly, WHY NOT PASS ANY LAW NEEDED TO STOP THE FRAUD AND ABUSE, RECOUP THE 50 BILLION A YEAR, AND HELP THE ECONOMY AND DO WHATEVER WITH IT NOW?

Essentially the idiots in Washington sat on their hands for a year on healtch care while $50 BILLION goes out the door in Medicare fraud? This makes no sense. Why not stop the losses RIGHT NOW?

It is because that makes too much sense. They crucify Palin when she uses the phrase "common sense". Since these elites think they are not "common" like the rest of us, they will dictate to you.

No lets not stop this waste right now, instead we will create something 20 times larger that will not have fraud???