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Thread: Regulation Business, Jobs Booming Under Obama

  1. #21
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    Re: Regulation Business, Jobs Booming Under Obama

    When you want to replace a system with another the first thing you do is point out the flaws in the current one. If there are no flaws or few of them you have to create the appearance that there are many, and the best way to do that is to invent problems that were not there by regulations that will make what ever the status guo was into a problem.

    Obama is about doing that vary thing with regulatory systems that will fit the mold he wishes to portray as an impediment to prosperity when the truth id he is about doing the opposite.

    I see it all the time how he tells his base of blind followers one thing to gain their support and in the shadows he is really working against the vary thing he says he is trying to accomplish.

    It's classic bate and switch but the Obamaniacs are so invested in this Anti-American they can't see past his last batch of lies they fell for.

    Obama is not just a liar he's a damn liar.

    I have plenty more to say on the subject but suffice to say create unreasonable regulations that are impossible to achieve and say see I told you so. We need more regulations.

    What that does is kill jobs and growth which is what I see is Obama's goal.

    He was raised by a communist mother, father, stepfather, grandparents, then spent 20 years immersed in Black Liberation Theology that has it's roots in Marxism and what do you expect.

  2. #22
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    Re: Regulation Business, Jobs Booming Under Obama

    Quote Originally Posted by Councilman View Post
    When you want to replace a system with another the first thing you do is point out the flaws in the current one. If there are no flaws or few of them you have to create the appearance that there are many, and the best way to do that is to invent problems that were not there by regulations that will make what ever the status guo was into a problem.

    Obama is about doing that vary thing with regulatory systems that will fit the mold he wishes to portray as an impediment to prosperity when the truth id he is about doing the opposite.

    I see it all the time how he tells his base of blind followers one thing to gain their support and in the shadows he is really working against the vary thing he says he is trying to accomplish.

    It's classic bate and switch but the Obamaniacs are so invested in this Anti-American they can't see past his last batch of lies they fell for.

    Obama is not just a liar he's a damn liar.

    I have plenty more to say on the subject but suffice to say create unreasonable regulations that are impossible to achieve and say see I told you so. We need more regulations.

    What that does is kill jobs and growth which is what I see is Obama's goal.

    He was raised by a communist mother, father, stepfather, grandparents, then spent 20 years immersed in Black Liberation Theology that has it's roots in Marxism and what do you expect.
    Can you give some specific examples of these unreasonable regulations?

  3. #23
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    Re: Regulation Business, Jobs Booming Under Obama

    Quote Originally Posted by GPS_Flex View Post
    And this supports your original point how? The version Frank wanted to pass wouldn't do squat to fix the issue. Frank and most of the democrats wouldn't support the bill that eventually passed in 2007 because he felt it went too far. Looks like Frank has been on the wrong side of history more often than not.

    Bush drropped the ball by not leading more forcefully on this issue but he did try, a little, to do something about it before the chickens came home to roost. Smells like chicken **** everywhere you go now doesn't it?
    That was not the conclusion of Republican Congressman, Mike Oxley, the chairman of the Committee on Financial Services who championed (and helped pass) the 2005 reform bill. He has stated that the '05 bill would have made a significant difference re: F&F, and he stated that the bill was killed due to resistance from the Bush White House and Alan Greenspan.

    "Oxley hits back at ideologues
    By Greg Farrell in New York
    Published: September 9 2008 19:25 | Last updated: September 9 2008 19:25

    In the aftermath of the US Treasury’s decision to seize control of Fannie Mae and Freddie Mac, critics have hit at lax oversight of the mortgage companies.

    The dominant theme has been that Congress let the two government-sponsored enterprises morph into a creature that eventually threatened the US financial system. Mike Oxley will have none of it.

    Instead, the Ohio Republican who headed the House financial services committee until his retirement after mid-term elections last year, blames the mess on ideologues within the White House as well as Alan Greenspan, former chairman of the Federal Reserve.

    The critics have forgotten that the House passed a GSE reform bill in 2005 that could well have prevented the current crisis, says Mr Oxley, now vice-chairman of Nasdaq.

    He fumes about the criticism of his House colleagues. “All the handwringing and bedwetting is going on without remembering how the House stepped up on this,” he says. “What did we get from the White House? We got a one-finger salute.”

    The House bill, the 2005 Federal Housing Finance Reform Act, would have created a stronger regulator with new powers to increase capital at Fannie and Freddie, to limit their portfolios and to deal with the possibility of receivership.

    Mr Oxley reached out to Barney Frank, then the ranking Democrat on the committee and now its chairman, to secure support on the other side of the aisle. But after winning bipartisan support in the House, where the bill passed by 331 to 90 votes, the legislation lacked a champion in the Senate and faced hostility from the Bush administration.

    Adamant that the only solution to the problems posed by Fannie and Freddie was their privatisation, the White House attacked the bill. Mr Greenspan also weighed in, saying that the House legislation was worse than no bill at all.

    “We missed a golden opportunity that would have avoided a lot of the problems we’re facing now, if we hadn’t had such a firm ideological position at the White House and the Treasury and the Fed,” Mr Oxley says.

    When Hank Paulson joined the administration as Treasury secretary in 2006 he sent emissaries to Capitol Hill to explore the possibility of reaching a compromise, but to no avail."

    FT.com / UK - Oxley hits back at ideologues

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