1.4 Million Out Of Work American Workers Are A Political Football?

[piece-itpete]

Problem Rob, the loosening of bank regs started under Clintons watch, NAFTA, Clinton, even cutting welfare was... Bush? Nope.

Obama's all over the place militarily. He kept the group running the Fed in place. Derivatives are still unregulated. Congressional Dems are wealthier than the GOPers there, and they didn't do a thing about the MIC when they had control.

Tom I don't have sound on this 'puter, I'll check it out tonight

Pete

[whell]

Originally Posted by merrylander

Running two wars on the nation's credit card.

Abolishing Glass Steadman.

Putting a disciple of Any Rand in charge of the Fed

All that was not done by one third of the government

Allowing the big banks to write sub prime mortgages.

The list is endless.

What's Glass Steadman? Are you referring to Glass Steagall? As long as you want to play the blame game, note that under the Kennedy Administration, the "aggressive interpretation" of Glass Steagall provisions was already underway to allow banks to engage in securities trading. That activity certainly accelerated during the 80's and 90's. However, the Gramm-Leach-Billey act that repealed parts of Glass Steagall was passed by the Senate 90–8, and by the House 362–57 (quite b-partisan, wouldn't you say) and then signed into law by Democrat Bill Clinton. Clinton stated in 1999 that Glass Steagall was no longer appropriate.

Bernanke? Originally nominated by Bush, but re-nominated by Obama.

All that was not done by 1/3 of the gov't? Don't worry. Obama has a pen and a phone.

Allowing the big banks to write sub prime mortgages? Abetted by the Community Futures Modernization Act, which was signed into law in 2000 by Bill Clinton.

Keep 'em coming!

[Tom Joad]

Originally Posted by whell

Wow. Who knew that only 1/3 of the gov't could unilaterally implement policy?

http://www.youtube.com/watch?v=TLfmEZYdtrY

[Ike Bana]

Originally Posted by bobabode

"On Tuesday, Senate Republicans rejected two proposals to extend unemployment insurance. A core group of Republican senators has tried to broker a compromise, but the bill became a battleground over Senate procedures, and Republicans filibustered to protest what they viewed as unfair rules imposed by Democrats to restrict their ability to offer amendments to the measure."

http://www.latimes.com/nation/la-na-...#ixzz2qR1bNTQR

A$$holes.

Bullshit right wingnut unemployment benefits propaganda rears it's ugly, zit-covered head.

There hasn't been any real job creation in the country for pushing two decades now. Eight of those years were Clinton's. Eight were Bush's. And Obama has been stuck with doing whatever he can to keep the country from descending into Great Depression 2 for the past 5 years. IMO the stimulus and other actions taken by the Obama administration have kept that from happening...and it's plenty good enough for me.

The employment situation in this country has been driven by the outsourcing and offshoring of any bit of the manufacturing sector where it's economical for American corporatistas, and reflects positively on the profit/loss statements their stockholders get to see. American employment has nothing to do with either party's flaccid bullshit proposals for increasing jobs. It's a new economy and this is the way it's gonna look for a long time...maybe forever.

But I continue to hear right wing idiots whining about the "auto bailout" and "bank bailout" like it was outrageous and is wrecking the country. What a steaming pile of crap.

[MrPots]

It's awesome Dude!

It's bloody mahvelous!

Thanks for confirming my suspicions. I've often felt that man was not intended to live in the high stress world we've developed for ourselves.

My window of opportunity will open up soon and I have the backing of my lovely wife who suggested I go ahead and retire. She loves her job and will support us until we can draw SS. I've never "not worked" so I'm not sure how I'll handle it......

[merrylander]

Originally Posted by whell

What's Glass Steadman? Are you referring to Glass Steagall? As long as you want to play the blame game, note that under the Kennedy Administration, the "aggressive interpretation" of Glass Steagall provisions was already underway to allow banks to engage in securities trading. That activity certainly accelerated during the 80's and 90's. However, the Gramm-Leach-Billey act that repealed parts of Glass Steagall was passed by the Senate 90–8, and by the House 362–57 (quite b-partisan, wouldn't you say) and then signed into law by Democrat Bill Clinton. Clinton stated in 1999 that Glass Steagall was no longer appropriate.

Bernanke? Originally nominated by Bush, but re-nominated by Obama.

All that was not done by 1/3 of the gov't? Don't worry. Obama has a pen and a phone.

Allowing the big banks to write sub prime mortgages? Abetted by the Community Futures Modernization Act, which was signed into law in 2000 by Bill Clinton.

Keep 'em coming!

Ok Glass Steagall, so CRS kicked in. I don't care which administration did it I was merely pointing out that all the unforced errors were passed by everyone, House Senate and signed by the POTUS and not one third. BTW the Ayn Rand disciple at the head of the Fed was Alan Greenspan not Bernanke. And it was his recommendation along with Robert Rubin who convinced Clinton to sign that piece of crap. Brooksley Born was tring to convince Congress to regulate derivatives but Greensopan and Rubin sent Summers to derail her. Maybe now that they have a woman running the Fed we will see common sense prevail.

[merrylander]

Originally Posted by piece-itpete

Problem Rob, the loosening of bank regs started under Clintons watch, NAFTA, Clinton, even cutting welfare was... Bush? Nope.

Obama's all over the place militarily. He kept the group running the Fed in place. Derivatives are still unregulated. Congressional Dems are wealthier than the GOPers there, and they didn't do a thing about the MIC when they had control.

Tom I don't have sound on this 'puter, I'll check it out tonight

Pete

Christ you too? I was merely pointing out that all those fucking mistakes were done by the House the Senate and signed int law by POTUS and not one bloody third. I guess that I should remember that Churchill was right you Americans don't speak English

Oh and just who is it that is trying to see that Dodd Frank never gets implemented?

[Tom Joad]

Originally Posted by whell

What's Glass Steadman? Are you referring to Glass Steagall? As long as you want to play the blame game, note that under the Kennedy Administration, the "aggressive interpretation" of Glass Steagall provisions was already underway to allow banks to engage in securities trading. That activity certainly accelerated during the 80's and 90's. However, the Gramm-Leach-Billey act that repealed parts of Glass Steagall was passed by the Senate 90–8, and by the House 362–57 (quite b-partisan, wouldn't you say) and then signed into law by Democrat Bill Clinton. Clinton stated in 1999 that Glass Steagall was no longer appropriate.

Sen. Phil Gramm (R, Texas), Rep. Jim Leach (R, Iowa), and Rep. Thomas J. Bliley, Jr. (R, Virginia), the co-sponsors of the Gramm–Leach–Bliley Act.

http://en.wikipedia.org/wiki/Gramm%E...0%93Bliley_Act

Here's a pop quiz for you Whell.

What does the letter "R" stand for in the above?

[Tom Joad]

Originally Posted by whell

However, the Gramm-Leach-Billey act that repealed parts of Glass Steagall was passed by the Senate 90–8,

The Senate vote on passage of the bill was

Republicans 53-1 in favor with 1 not voting, and 1 voting present.

Democrats 44-0 against.

https://www.govtrack.us/congress/votes/106-1999/s105

Not shall we take a look at the house vote or have you had enough humiliation for one day

[piece-itpete]

All I'm saying is 'they' believe what we're doing is the correct thing, as evidenced by their actions. Heck Obama's working on how many free trade agreements?

Pete