Mid-Term Elections: Banks And Wall Street Win, You Lose….

 

…and this time I think that the American voter deserves what he has coming to him. that will be less regulation of the banks and even less regulation of Wall Street once the lobbyist have convinced the Republicans that such things as derivatives need not be traded on exchanges, as his been suggested. you can pretty much kiss the current reform legislation good by so far as Wall Street and the banks are concerned.

    It has been suggested that to many regulations would cost the American people jobs.  Remember that derivatives had been  traded previously without any oversight and that that was part of the reason for our current financial problems.

    The Republicans also don’t much care for the Consumer Protection Agency either, so you can expect an attempt at de-funding this Republican pain in the side. This is in regards to financial products,and other issues.

   We lose people! I guess that the voters in this country are somewhat short on memory when it comes to who has screwed them the most. Remember former resident George Bush? This will be worse for you this time around. Once again, it is all about business getting the key to the kingdom, and you getting the shaft! Please enjoy what you have earned.

Watching America

Likewise, Republicans have long considered Obama’s Consumer Protection Agency for financial products a thorn in the side. It is intended to protect consumers from financial damage due to predatory credit card and mortgage practices. But Republicans fear that it might lead to stricter controls on financial institutions. Experts assume the agency will be under-funded by a Republican controlled House and thus find it impossible to carry out its mission.

Technorati Tags: Barack Obama,Party of No,Wall Street,Repulbicans,Financial News,Current Events,Consumer Protection Agency

Republican Obstructionism…

 

…has worked for the past two years,and we can damned sure expect more of the same over the next two years. Senator Bitch Mitch McConnell even said so.

While extending a hand of bipartisanship to Obama, McConnell issued a stark warning that Republicans have no plans to compromise with the president. The GOP leader also wouldn’t back down from his recent assertion that his party’s No. 1 goal over the next two years will be to deny Obama a second term.

"Over the past week, some have said it was indelicate of me to suggest that our top political priority over the next two years should be to deny President Obama a second term in office," McConnell said. "But the fact is, if our primary legislative goals are to repeal and replace the health spending bill; to end the bailouts; cut spending; and shrink the size and scope of government, the only way to do all these things it is to put someone in the White House who won’t veto any of these things.”

     So folks, it looks as if we can expect more of the same stalling/blocking efforts from the Republicans that  we have seen over the past 2 years only now the Repugnicans have the will of the people behind them.

   While you are here, go check out some of the ideas that Governor-Elect Rick Scott has in mind for turning the state of Florida around. This is just to much! Florida has been getting fucked by the Republicans for decades and that trend will continue under Mr. Scott. The man seems to think that he can fix the problems brought down from Tallahassee, which isn't going to happen as long as Florida residents continue to stay stuck on stupid at election times.

Technorati Tags: Senator Mitch McConnell,Republicans,Barack Obama.Party of No,Florida,Rick Scott,Governor Elect,The House,The Senate