The Dodd-Frank monstrosity; Update: Cloture invoked, final vote this afternoon; it’s done, 60-39
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With GOP assistance on its drafting and three reported Republican votes all but guaranteeing its final passage in the Senate (Snowe, Collins, and Scott Brown), the Dodd-Frank monstrosity masquerading as “financial reform” is on its way.
Read and weep:
A sweeping overhaul of the nation’s financial regulations stands on the verge of reaching President Barack Obama’s desk after a year of partisan struggles and delicate cross-party courtships that promised more and delivered less. Only three Senate Republicans say they will vote for the bill during a key vote Thursday that will set the stage for final passage. But the bill bears the fingerprints of many others in the GOP.
Senate Banking Committee Chairman Chris Dodd, D-Conn., negotiated several provisions with key committee Republicans such as Richard Shelby and Bob Corker. Neither, though, intends to vote for the bill.…Several 60-vote cliffhangers later, the bill is now two roll calls away from heading for Obama’s signature and becoming law. For a president hungry for good news, passage Thursday would be a welcome achievement.
“Achievement?”
How about a different a-word? I like “assault.” That’s how Heritage describes the legislative behemoth: “The Dodd-Frank Assault on Economic Recovery.”
Following the release of the 2,000-page Dodd-Frank financial regulation bill last Friday, fixed-income portfolio manager Christine McConnell told Businessweek: “Clarity is good. [Once financial institutions] understand the rules of the road they’ll be able to accommodate their business models.” There is only one problem: passage of the Dodd-Frank bill doesn’t provide any clarity. In fact, it does the exact opposite. The New York Times explains: “The bill, completed early Friday and expected to come up for a final vote this week, is basically a 2,000-page missive to federal agencies, instructing regulators to address subjects ranging from derivatives trading to document retention. But it is notably short on specifics, giving regulators significant power to determine its impact.”
In other words, this law is going to be continually rewritten by federal bureaucrats for years to come…
This much is clear: The law enshrines permanent bailouts, saves Fannie Mae and Freddie Mac’s hides forever, and would impose at least $20 billion in new tax hikes over the next decade.
Want an ugly look at how this bill was “legislated?” Via Brian Faughnan:
Early on Friday morning, a House-Senate conference committee finished work on a consensus version of HR 4173, the Dodd-Frank financial overhaul bill. The conference committee worked for 20 hours to draft this new bill, and completed the work shortly after 5:00AM.
When Congress meets in the dead of night to decide critical issues, it prompts serious questions about the quality of their work. Were important issues debated thoroughly? Were all Representatives and Senators part of the debate? Did all of them consider their votes carefully?
Not surprisingly, the answer is ‘no.’ On Thursday night, the conference committee debated the ‘Volcker Rule,’ restricting the power of banks to engage in trading. Some feel the rule is necessary, others feel it will kill jobs, and give foreign financial institutions an advantage over American banks. Not only was the debate on the Volcker Rule limited, but an amendment dealing with it was defeated on a vote of 6-10 – with Chairman Barney Frank casting 6 of the ‘no’ votes himself.
Make sure to click the link for video.
This is corruptocrat Sen. from Countrywide Chris Dodd’s swan song. Remember how he summed up this bill himself:
“No one will know until this is actually in place how it works.”
The bureaucrats and lobbyists are raising a grateful farewell toast to him for sure.
***
Speaking of Countrywide, from the WSJ today: “Senate VIP Loans Mount.”
U.S. senators or Senate employees received 30 loans—far more than had previously been known—under a controversial lending program at Countrywide Financial Corp. that provided cut-rate terms to favored borrowers.
The information is contained in a letter sent to the Senate Select Committee on Ethics by Rep. Darrell Issa (R., Calif.), who has been spearheading the House Oversight and Government Reform Committee’s investigation into Countrywide’s so-called VIP mortgage program.
No specific loan recipients were named in the letter. But Mr. Issa’s letter said borrowers on a dozen loans listed their place of employment as the office of “Senator Robert Bennett.” Available public records don’t indicate that Sen. Bennett, a Utah Republican and member of the Senate Banking Committee, received a Countrywide home loan.
Sens. Christopher Dodd (D., Conn.) and Kent Conrad (D., N.D.), have previously been identified among the high-profile individuals who received such loans. Both senators have denied wrongdoing. Until the Issa letter, no other senators or their staff members had been linked to the VIP loan program.
Good riddance, Sen. Bennett.
Voting out the corruptocrats: The best, most effective “financial reform” there is.
***
Contact info for the Senate Republicans indicating they’ll vote for Dodd-Frank…
Scott Brown (R-MA)
http://scottbrown.senate.gov/public/index.cfm/contactme
Washington DC: (T) (202) 224-4543, (F) (202) 228-2646
Boston: (T) (617) 565-3170, (F) (617) 723-7325
Olympia Snowe (R-ME)
http://snowe.senate.gov/public/index.cfm?FuseAction=ContactSenatorSnowe.Email
Washington DC: (T) (202) 224-5344, Toll free (800) 432-1599, (F) (202) 224-1946
Auburn: (T) (207) 786-2451, (F) (207) 782-1438
Augusta: (T) (207) 622-8292, (F) (207) 622-7295
Bangor: (T) (207) 945-0432, (F) (207) 941-9525
Biddeford: (T) (207) 282-4144, (F) (207) 284-2358
Portland: (T) (207) 874-0883, (F) (207) 874-7631
Presque Isle: (T) (207) 764-5124, (F) (207) 764-6420
Toll free in Maine: (800) 432-1599
Susan Collins (R-ME)
http://collins.senate.gov/public/continue.cfm?FuseAction=ContactSenatorCollins.EmailIssue&CFID=42880122&CFTOKEN=39747274
Washington DC: (T) (202) 224-2523, (F) (202) 224-2693
Augusta: (T) (207) 622-8414, (F) (207) 622-5884
Bangor: (T) (207) 945-0417, (F) (207) 990-4604
Biddeford: (T) (207) 283-1101, (F) (207) 283-4054
Caribou: (T) (207) 493-7873, (F) (207) 493-7810
Lewiston: (T) (207) 784-6969, (F) (207) 782-6475
Portland: (T) (207) 780-3575, (F) (207) 828-0380
***
Update 11:38am Eastern Cloture vote passes 60-38, with Snowe, Collins & Brown voting with Dems. Final vote scheduled this afternoon — between 2-230pm Eastern.
Sen. Judd Gregg raises point of order, objecting that Dodd-Frank violates budget act.
2:50pm EasternThe deed is done. Final passage vote – 60-39.
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Categories: Chris Dodd,Politics,Subprime crisis

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Our government works because it has checks and balances. When Congress hands over power to the President and removes itself from the process then we no longer have checks and balances. We now have a dictator. Obama the Marxist is now the dictator in chief once this law passes.
…not unlikely with the 19-year-old interns?!
Not at all.
In fact, you ought to tell us what you really think!:)
They’re not there for your benefit or for the country’s. They took the job to line their pockets and their friends’ pockets with your tax dollars and whatever kickbacks they can squeeze out of lobbyists, companies doing business with the government, unions, etc.
Both parties, by the way. One party is just more open about it.
Would that this idea applied to the selection of Supreme Court nominees…
Sadly, that’s the way it’s shaping up.
It just seems that at some point, a little consideration could be afforded to the men and women in this country who bring themselves out of bed at unearthly hours, sometimes seven days a week (me) to earn the money these politicians appear to spend so freely.
Some where in the equation we should count for more to them than a walking bankcard.
They also don’t seem to have any apprehensions about slapping around their constituents. If asked, I bet they’d say – in a very nuanced way, of course – they only do it because we were asking for it.
This is as bad as the Obamacare bill. Mark my words, this will be the final nail in the U.S. Coffin. I am literally sick to my stomach. The destruction of the private sector is ramping up full time now with the IPod issue (made up) and other slurs against our businesses. Toyota was a giant hoax to destroy them. The plan is so clear…why can’t everyone see it?? One issue might be a coincidence. But now we have more than enough proof that this is a giant power-grab in the works as we speak. I am more convinced than ever that the explosion of the oil rig was “arranged”. They will stop at nothing, my any means necessary (their words), so what is a few lives lost for the “cause”? Is there NO RECOURSE?? Will our beautiful country be destroyed beyond fixing? Is everything we are doing for nothing?? How can these traitors get away with this?? Years ago, they would have already been hung.
happyscrapper said:
Right there with you — I am pretty much fearless but what is going now makes me leary and worried. Everything coming out of Washington is nothing but propaganda and outright lies.
Not at all harsh.
I’ve actually addressed some of the emails and calls I’ve made to the staff and told them I would like for them to pass it on to Collins and Snowe.
Snowe removal 2012!!!!
I wrote to Scott Brown, told him I had contributed to his campaign even though I live in Minnesota, and that he can kiss his Senate career buh-bye. He is toast. If he thinks he will get re-elected without Tea Party backing, he is in for a rude awakening.
The bill does little to reign in Fannie and Freddie, key elements of the economic downturn, if not some of the the main causes.
Is there anyone rational left in Congress?
Dodd and Fwank could break an anvil with a rawhide mallet.
What saddens me is that a few good Republicans are going to fall when anti-incumbent fever spreads to the masses, left and right.
Yes, it is. Small businesses are going to find it next to impossible to get loans for new inventory, people on fixed incomes are going to see their direct deposit and other banking transaction costs increase, and the unemployment rates for blue-collar and unskilled laborers will UNNECESSARILY explode as the economy slows under the stress of this new tax (and that’s exactly what it is).
This bill is travesty in the making for average Americans and Democrat law makers plus three out of step GOPers, simply do not care.
I think I posted the following comment a long time ago…not sure. But I want to repeat it for the sake of any liberal trolls or anyone from the MSM who might be reading these comments.
This administration is screwing YOU too!! Do you think they are doing this to the rest of the country and will just leave you alone because you voted democrat? Good grief, WAKE UP! Do you have elderly parents or grandparents? Obama is screwing them! Do you have children and grandchildren? Obama is screwing them and destroying their future. Do you have health insurance? Do you pay taxes? Do you heat and cool your home? Do you consume junk food? Do you enjoy the freedom to post on sites like this one, or on the leftie sites? Do you drive a van or SUV? Then you should be very afraid of what the radicals are doing to this country. Wake the hell up, you freaking morons! This is about YOU as well as everyone else. Do you think Obama will take care of you just because you are in his back pocket? He doesn’t give a rats arse about you any more than he cares about the rest of us. Why do you continue to defend and follow people who are corrupt to the core and work so hard to destroy our way of life? WHY? I really really want this quesiton answered by the lefties out there! Chap??
Al Capone and John Gotti would approve of this Democrat controlled criminal Congress.
If the RNC would excommunicate Collins, Snowe and Browne, I may think that there’s some hope for us. I might even send them money. But, to let those RINO liberals continue to call themselves Republicans and continually vote with Democrats is an insult to all Republicans. The party is better off without Specter isn’t it?
Are you listening Mr. Steele? Get rid of them.
MM, you’re going to have to open a brand new column just on Repealing and Revoking all the O.B.damage being done. Will Scott and Snowe receive their just “lessons”? I dunno/doubt it. People have AWFULLY short memories, especially when “freebie” candy is dangling before them. Next steamroller on liberties will be EPA then the real GOP/Tea Party/U.S. culture drowner, Amnesty, and at that point I can only hope a semblance of True America still exists in isolated balkanized enclaves scattered around the land.
The Frog is Alive and Broiling.
James Greenidge
Queens NY
WOW and all they had to do was re-enact the Glass Steagall Act!!!
This is MIND BLOWING!!!!
Once again: the only 9/11 plane that should have succeeded (ie, Flight 93) is of course the only one that failed.
Given that 9/11 occurred, oh how a direct inversion of the 4-plane success/failure ratio would’ve been a blesssing (ie, retain that which is good for the country, namely trade and defense, and annihilate the one remaining thing that is destroying this nation):
The felons in Washington DC!!!
Pols vote for this sheet because the are told to by BHO. They didn’t read it. The public didn’t read. The people who wrote it didn’t read it.
The inside the beltway machine of writing and passing complicated bills will continue until hell freezes over.
#119 said
The choir is alive and well preaching to itself….again.
Once a regular person becomes a pol and moves to DC a magical transformation happens.
How the *ell do we stop the transformations?
Dodd and Frank should be in jail, not crafting bills that favor cronies. Brown should now be called #60. You can NOT trust republicans, they have a pecking order on who will fold.
I will NEVER send a penny to the RNC again. Oh wait, I stopped years ago. Effin RNC is useless
Since you stopped sending them money, the only recourse you have now is to START sending the DNC money andsending the RNC a copy of the receipt. That’ll show ‘em somehthing good!
Remember, we (those from out of state) may not be able to vote Snowe and Collins out of office, but we CAN contribute to their opponents, and thanks to the internet and VOIP capabilities we can work for their opponents via call banks, etc. The Congressional Offices are no longer just for the states, our national interest is determined by some of these idiots.
Well, it has been said many, many, many times but obviously GOP does NOT mean conservative.
Kiss your free checking goodbye! We “regular joes” are about to get kicked in the teeth to pay for more shenanigans from Freddie and Fannie.
Thank you so much, you RINOs from New England!
#128 said:
They don’t give a $hit.
They (pols in general) say they vote with their constituents desires in mind.
Bull$hit ! ! !
They have only two things on their mind…
A) Their ego.
B) Their “$et-for-life” life after politics.
“Most of the legislative work in this country is done by 19 year old interns”
I guess you’ve never spent any time in a bankruptcy lawyers office.
Once a regular person becomes a pol and moves to DC a magical transformation happens.
How the *ell do we stop the transformations?”
A+B=C
We should never vote for regular people!
“Obama the Marxist is now the dictator in chief once this law passes.”
Even if Obama wakes up every morning and says to himself, “Today is the day I finally get to be dictator!” so?
It takes people willing to be dictated to.
Do you think the majority of this country is going to play along with Obama as dictator?
Some of you guys are targets looking for arrows…..
Am glad to be here this afternoon though. One would have thought the sky would have fallen by now.
Well, if by some miracle the GOP controls the House, Senate and the WH in 2012, I won’t be in a mood to tolerate the “We can’t move that fast!” whines from the GOP leadership.
This traitorous bunch from the DNC is doing more damage in 1 year than conservatives have just about ever been able to do.
“START sending the DNC money and sending the RNC a copy of the receipt.”
Now that’s funny. A maybe marketable? Fake DNC receipts to send to the RNC?
Whadda ya think?
“This traitorous bunch”
Sorry but they are not traitors and I have a problem with that kind of criticism.
They are leftist liberals big government can run my life better than I can and are very true to their philosophy. But they are not traitors.
Are they 180 degrees opposite of a conservative life liberty and the pursuit of happiness Constitutionalist smaller government, less invasive government idea? You bet.
Do I want them all out of office asap?
YEP. Yesterday if possible.
Traitors?
Can’t get there.
Throwing “traitors” at our opposition is the kind of thing that has cost us the minds of thinking people.
We need to state our ideas, show why conservative ideas are superior and create the most freedom for the most people. Most folks are reasonable and will figure it out for themselves.
Do you ever remember Ronald Reagan calling Tip O’Neill a traitor?
They are part of the problem. I’ve said it many times before here on MM’s comments board that it baffles me why all the yuk-yuk buddy buddy stuff goes on here with people that support those that are destroying this country from the inside.
While, as a Christian, I hold that those on the Left are made in God’s image just as everyone else and that I’m no less a sinner than they, it still doesn’t mean that I have to be “friends” with those tearing my country down around me.
Face it–they will be defending, denying, and deflecting down to the last minutes of this nation’s history because the adherence to the Left is largely irrational. It takes partisanship to the level of suicide. “Who cares if Obama ruins the country? At least those EVIL conservatives aren’t in power!”
Limbaugh is fond of saying that these people are not to be negotiated with, gotten along with, or tolerated; they are to be DEFEATED because their success means the transformation of this country into tragically other than the grand experiment it is. I agree.
#134 sais:
Now that is an oxy-moron.
“they are to be DEFEATED”
Yep. We defeat them in the field of ideas and in the voting booths.
We don’t defeat them by calling them names. We don’t defeat them by acting as if we have no lasting substance to and no faith in our core beliefs. The idea that America as we know it is dead and Obama killed it is absurd. Really? What we hold dear and true about the structure of our country is so weak and feeble that we are to give up hope because Obama pretends to be king?
All this sky is falling talk should cause some of you to be ashamed. So quick to abandon what we hold to be dear and true are we young Skywalker?
We have work to do. Our country can withstand Obama just fine. Our core is not that weak nor untested in the trial of real life.
Reagan’s practice doesn’t define what I think and he’s not here now.
I’m not asking you to call them that; it’s what I call them. Of course, you are entitled to your own opinion.
When we morph into a real monarchy and you’re the king, I’ll have to live with your decision. Until then, I’m going with my understanding–they are traitors, because they are usurping the foundation of this country from within KNOWINGLY.
I’m not a politician (obviously) so I’m not concerned with appearance so much as the truth as I see it.
“I’m not concerned with”
Nor do you seem to be concerned with showing and educating people why liberalism is destructive and conservatism is our best hope. Given that you’ll have a very tiny audience with all this “traitor” talk.
But hunker down. I’m sure they are coming for you any time now.
I honestly don’t know what you’re going on about as I said none of what you are saying above.
Obama didn’t kill anything; 60 YEARS OF UNCHECKED STATISM IS KILLING this country and the insane debt that Obama is pushing by all reputable accounts is potentially the coup de grace.
I don’t know any serious person who thinks that Obama ALONE has done damage; my contention is that along with his Dem allies in both houses, he has greatly HASTENED our weakness which has been under steady erosion for decades, despite Mr. Reagan’s best efforts.
You can’t possibly be this ignorant.
That wasn’t my goal in this post here. I wasn’t aware that anytime I talk on these comments boards, esp among likeminded conservatives, taht I have to have a 15 point treatise explaining each time my entire position.
“I said none of what you are saying above.”
“When we morph into a real monarchy”
Oh, I see. I must’ve not been able to read there. Sorry.
I’m going swimming. God is in charge. Our country’s core is intact and alive. Most of us are conservatives. We’ll right these wrongs as we should. In the field of ideas and at the polls. The sky is not falling. Get busy and support local conservative candidates best you can. Its all good and a great time to be alive. We are alive at time when WE matter. Our votes matter now in a way like they may have never before. Its a great time to be a conservative and the possibility for transforming our country now and to have that change impact generations has never been so great.
Its an exciting time. Get up, get busy, and quit all this crappy sky is falling we’re doomed b.s. Just who is going to want to be a conservative with all that grumpy doomsday crap?
Wait I know, Major and Pasadena Phil…..
I wonder how much it would cost the DNC to process an receipt if you mailed in two pennies taped to a donation form? I am sure that with the postage and the processing and handling fee it would cost a bit more than two cents…
Chappy may have unintentionally stumbled into something here. Of course, with his drinking problem he unintentionally stumbles quite a bit…
Scott Brown is toast with this bill and the bad thing is we will get someone even worse than him in 2012.
That was actually pretty witty! Kudos, Grasshopper!
If you’ve had enough of Snowe, support her opposition in 2012: Scott D’Amboise
He’s a Constitutionalist who believes in traditional marriage, homeland security, tax cuts, spending cuts, repealing obamacare, and term limits. THUS, the Maine GOP has refused to support him at all.
If he is to defeat her, he will need direct national support from blog readers like us. His website is in the beginner stages, but he has just started the campaign for 2012.
Forget about the parties, send money to the conservative candidates…wherever they are. Maybe Maine?
Every time there is landmark liberal legislation on the table, you can count on contribute just enough votes to get it passed. Does it matter whether McCain wins on August 24? Do we really want his gal pal Sarah to win in 2012?
I swear words disappear once I hit “submit”.
Every time there is landmark liberal legislation on the table, you can count on Republicans to contribute just enough votes to get it passed. You don’t need the Gangs of McCain when the Republicans don’t have a majority.
Does it matter whether McCain wins on August 24? Do we really want his gal pal Sarah to win in 2012?
Yes–Major O
Does this mean I can put you down as a “No” for my Financial Reform signing party next week?
I wouldn’t be so hasty. I make an excellent crab cake hors d’ouevres and we are going to play Beatles Rock Band on the Wii! I call Ringo!
Apparently you don’t understand the concept of “dictatorship”.
It has been some time since I have commented here…or anywhere, for that matter, for one simple reason…it’s too much.
I do not recognize my country anymore. i cannot understand how my fellow Americans not only allowed al this to happen, but continue to allow it. Are there not laws put in place to make sure this usurpation of our rights and freedoms does not happen? Did these Senators and Congressmen not take an oath to guarantee that the Constitution of the United States would be DEFENDED not torn to shreds and scoffed at, ridiculed and thrown away? Are there not repercussions to those in the Federal, State, County Municipal legislatures and governing bodies for those that violate said oaths?
This is just one more event, one more thing that goes against what this country was founded for…freedom, liberty…and those things are trashed to the applause of those that are supposed to be protecting it.
When Obama was running, I knew what would happen should he become elected. When he did win, it was for sure that this country would never be the same…but the damage, the utter destruction of the very foundations of the USA has happened in such amazingly rapid fashion, and to such a great extent as to boggle the mind of even the most pessimistic person.
No…I don’t recognize my country any more. And the fear I feel for not just myself, but my children for the country this has so rapidly become and more, is not a paranoid delusion, but real, palpable, and for all intents and purposes, not going to go away. I can’t even imagine what more they can do, but one thing is for certain…they will be doing it.
Bend over and grease up, America. We’re about to take it up the corn hole… again!
Apparently you don’t understand the concept of “dictatorship”.
Think I have it down just fine. Apparently you don’t understand the concept of it takes more than one to tango Phil.
So your imaginary scenario is what, the military will support Obama against the people and shoot us if we don’t obey Obama?
We’ll roll over and play dead, cough up our weapons because obama says so?
Get a grip.
“Chappy may have unintentionally stumbled into something here.”
I agree.
# 159 said:
Yea, same as the death penalty (when performed) is a deterrent to heinous crimes.
I’m still for the death penalty anyway.
http://www.businessinsider.com/chart-of-the-day-republicans-democrats-2010-7
You take away what matters most to them…money, property, position, reputation, the bully pulpit, etc. You make it hurt. Take from them that what they took from those they pretend to represent.
The death penalty would work if done in a timely and public manner. Endless appeals, and non-public executions have the effect of nullification, IMHO.
Only a little off-topic.
Excellent article:
http://donfeder.com/
A Bill, passed by both houses of Congress, but signed by a usurper illegally acting in the role of President, is NOT a valid law.
Everything done by this Congress and this usurper in the last 18 months sucks, but nothing with Obama’s signature is valid.
All of his appointees are usurpers, too. Including his Supreme Court picks.
If you care about undoing the damage that has been done, you should care about two words:
This is the same Republican Senator Scott Brown, sleazy real estate attorney, who doesn’t know how to handle the Fanny Mae Freddy Mac mortgage crisis? The guy is voting FOR this bill? What a piece of lawyer debris. I wonder what he has to gain financially from this bill??? I sent him an email requesting my campaign contribution back.
I rest my case, jsmiddleton.
I’m appalled MM allows such treason to be spouted on this board. Thanks to a group of heroic patriots among the Flight 93 passengers, A1-Queda and Gorebot failed.
Would that be “Paul is Undead” by the Zombie Beatles?
Just one more bill to roll back. Make a list, check it twice.
No need to harp on this one. We knew it would get through. Focus on November. Get local, knock on doors, hand out flyers, write your editor.
There are bad and good days. The goal is to reverse the ratio of good and bad days.
Oh come on now America, let’s put our hands together for our hard-working congress. Doncha just love em to death? Makes your chest just swell up with pride.
Such devotion (to themselves)
Such concern(about their next pay raise)
Such pride (in themselves)
Such egos (the biggest)
I could cry, I could cry.
There now. . . a tear.
Because they’ve promised to bring me cigarettes and candy bars when I’m in the camps.
I have you down for Camel No Filters and Snickers. Is that right?
“Paul is Undead”
I thought Paul was the walrus?
“I rest my case”
The conservatives are taught to hate lawyers case chap?
Red….
You keep living in denial. It does have its purposes at times in life. Seems to be working well for you at this time in yours.
Things are going to get worse folks. Just accept it. Between now and until a new Republican majority Congress is seated there will be more of these crappy pieces of legislation AND the media is going to sell us a whole boat load of baloney about all of it.
Get used to it.
There is work to be done, serious work, in the next few years with the final end of all this crap when we have a conservative President and a majority Republican Congress in 2013. Yes, 2013 when Obama is finally out of office.
If some of you are already at the point where your heads are going to explode and the sky is falling, I have to wonder just how much you will be able to hunker down and do the work in your local areas that is required.
Get busy. Everything Obama is doing can be reversed. Its up to us. Not up to “them”. Its the left and the media that want you to believe its up to “them”. They are wrong. Its up to us. Quit acting like they’ve won some absolute victory.
What we believe as conservatives is not weak and feeble. It is solid, deep and tested. It is not found wanting.
Its all good. Get busy.
If you sit back and complain and preach the sky is falling and demand to see Obama’s birth certificate and watch the world go by, you are doomed. Not because Obama is a dictator. But because you have allowed your world to be defined by others.
I do not trust Wall Street anymore than I trust Washington. Corporations pretty much owe allegiance to their stockholders and their bottom line. I do not even think they care about what is good for the people of this Country. Twenty years ago I would not have said that. I would rather see some regulations passed that might keep us out of the horrors we have suffered the last 2 years, as a result of Wall Street’s and Washington’s machinations. If repubs take control of the Congress then perhaps they can weed out the more liberal provisions. But some type of reform was badly needed.
sbw999 said:
It might have helped if these clowns had addressed FANNIE and FREDDY
See, you know who your friends are.
“But some type of reform was badly needed.”
Yep. One would hope that the next round of going at this thing we will see a bill that actually does what is needed instead of this bill not doing the stuff that is really required.
Great article and some of the guys who are in the know are clear about this current bill is useless.
http://online.wsj.com/article/SB10001424052748703722804575369072934590574.html?mod=WSJ_hpp_MIDDLETopStories
Thanks for the link.