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Financial reform

Posted: Dec 11, 2009

Thoughts on the bill passed in the House today? Too little, too much?

I think it's a good step but there are no guarantees Big Business won't find loopholes. In fact, I'm quite sure they will try. In the meantime, however, it sends a good message that we will be watching.

I'm also sure the senate will take months with this. Will that lead to a watered-down version? I guess it depends on how hard the constituents press their elected officials.

;

Is this the same bill that NO Republicans voted in favor of? (NM) - Nikki

[ In Reply To ..]
:-(

Party lines - NJ

[ In Reply To ..]
I think the vote was along party lines, though I can't say for sure no republicans voted for it. It was also in the news that the republicans met with a large crowd of lobbyists about the bill to plan out how to defeat it. All that meeting did was make the republicans look bad for meeting with Big Business.

NJ

Party lines (sm) - Nikki

[ In Reply To ..]

Below is a very brief part of an article I found at http://news.yahoo.com/s/afp/20091212/pl_afp/usfinanceeconomypoliticsbankingobama

"Lawmakers voted 223-202 to pass the 1,300-page legislation, a package of measures Obama's Democratic allies crafted in response to the global financial meltdown of 2008.

No Republicans voted in favor of the bill."

The reason I brought this up is there is a lot of talk on this board about President Obama excluding Republicans in talks about healthcare, etc. This vote is only an example of how willing the Republicans AREN'T to work with President Obama and what obstructionists they are. Obama has expressed a willingness to work with them, but their answer to that, as well, is NO.

Your point about them looking bad for meeting with Big Business, I'm not sure their constituents view that as being "bad." These are the same people who refer to people like you and me as "socialists," the ones that are in favor of big, big bonuses for executives in healthcare but against evening out the playing field so the consumer gets a break for a change. I don't know if they even realize the real damage these banks have done and the real damage being done by healthcare providers with such obscene salaries and bonuses.

To you and me, it looks bad for the Republicans to be catering to Big Business. I wonder if it looks bad for anyone else on this board.

looking bad - just saying

[ In Reply To ..]
if it looks so bad then why is Obama's approval rating falling and falling and falling, now at its lowest level ever? Yesterday -19, today -18.

Gallup - NJ

[ In Reply To ..]
Gallup polls show a different status than Rasmussen with 48% approving of the job Obama is doing and 42% not. Compared to the previous administration which went out at a -30 at Rasmussen, that's still pretty good ^^

NJ

Approval ratings - for BHO

[ In Reply To ..]
According to Rasmussen on 01/05/09, GWB was at -30 for his last days in office.

According to Rasmussen on 12/14/09, BHO is at -18, with only 11 months in office.

Oh yeah, that is still pretty good /sarc

Rasmussen - NJ

[ In Reply To ..]
Rasmussen shows only part of the picture, as we have stated before (every time Rasmussen comes up). Considering all that Obama had to deal with, especially the Party of No that doesn't want him to accomplish anything ever, I think he's been doing well.

I admit I wish he would just say,
"To heck with extending a hand across the aisle!" and get on with doing what needs to be done, but he's a stubborn guy, and he doesn't want to trample over everyone just to do what he knows is right. He wants to bring back the balance of powers that the constitution set up, and that means getting congress to go with him.

It's a slow process, but it is effective.

NJ

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