Financial Reform Talks Near Collapse, Some GOPers Threaten To Defect

[Chappy]

Excerpted from “Financial Reform Talks Near Collapse, Some GOPers Threaten To Defect” By Brian Beutler, TPMDC, April 27, 2010, 5:41PM
[SIZE="+2"]B[/SIZE]ipartisan Wall Street reform negotiations appeared on the brink of collapse Tuesday night after Republican and Democratic principals found themselves at an impasse over the issue of consumer financial protection. But though Republicans have been promising all week to sustain a filibuster, blocking debate on the Democrats' legislation, they now seem prepared to cede the current fight, explicitly saying that, if talks don't bear fruit soon, they'll allow the bill to move to the floor. …

Well, we can only hope the Republican leadership hurries up and gets out of the way.

 

[Areopagitican]

Right, because up until now the bill has been a perfect example of financial regulation.

 

[Z3n]

Obama is trying to reform the world in his first term. Easy there killer, let the right swallow the health care. Financial reform would be good to have a vote on in early-mid october so the mid-terms elections are, " Oh look, we all wanted comprehensive financial reform. We got it, cool." *Votes incumbent*

 

[digsbe]

Congress should financially handle themselves before they even think about trying to regulate Wall Street. Thank you Republicans for preventing the Dems from trying to ram through more garbage.

 

[Z3n]

Congress should financially handle themselves before they even think about trying to regulate Wall Street. Thank you Republicans for preventing the Dems from trying to ram through more garbage.

November 4th, 2008. The majority of Americans elect Barack Obama to be the 44th president. In his platform, finance reform, health care etc.

You've had over a year to swallow

 

[digsbe]

November 4th, 2008. The majority of Americans elect Barack Obama to be the 44th president. In his platform, finance reform, health care etc.

You've had over a year to swallow

Obama ran basically saying he wasn't Bush. People hated Bush for his poor war policy and his government spending. Obama is just like Bush when it comes to deficit spending, only worse. People may have elected Obama for what he ran on, but we don't like how he plans on reforming things. The healthcare bill is disliked by the majority of Americans, yet Obama pushed it through and gave democracy a smack to the face. Americans do want reform in all those areas, just not Democrat reform.

 

[Z3n]

So, you're enlightened economic proposals on remedying $11 Trillion Deficit are...?

 

[digsbe]

So, you're enlightened economic proposals on remedying $11 Trillion Deficit are...?

Easy, spend less. The government wastes so much money and overpays for many projects. The government needs to make serous cuts and live within its means like any normal person. The government needs to shrink and drastically reduce spending in areas that it can.

 

[Z3n]

So not spending to get out of a recession? :rofl

 

[digsbe]

So not spending to get out of a recession? :rofl

Less government spending. They should reduce taxes to increase investment and allow struggling businesses to keep some extra money to get through. If anything government spending ultimately hurts the nation.

 

[Z3n]

Less government spending. They should reduce taxes to increase investment and allow struggling businesses to keep some extra money to get through. If anything government spending ultimately hurts the nation.

well you've got the conservative talking point down... now how about your opinion?

 

[digsbe]

well you've got the conservative talking point down... now how about your opinion?

My opinion is that the conservative talking point is the right decision. The liberal one of tax and spend is not the answer.

 

[Jetboogieman]

My opinion is that the conservative talking point is the right decision. The liberal one of tax and spend is not the answer.

Oh yeah so the conservative borrow and spend worked real well eh :doh

 

[Z3n]

My opinion is that the conservative talking point is the right decision. The liberal one of tax and spend is not the answer.

 

[reefedjib]

So, you're enlightened economic proposals on remedying $54.7 Trillion Debt are...?

fixed it...

 

[digsbe]

The "conservatives" did not have very conservative financial policy. They were hypocrites and shouldn't have been elected. However, Obama is seriously over spending at an alarming rate. It's insane.

 

[Chappy]

“I’m not going to let this effort fall victim to industry lobbyists.” — President Barack Obama†​

And, well he shouldn't. It's time to get on with passing strong financial regulatory reform.

 

[Z3n]

So you would rather the government do nothing to help the economy....:rofl

 

[digsbe]

So you would rather the government do nothing to help the economy....:rofl

I would rather have the government remove itself so that the economy can breath The government can help by shrinking. It needs to become smaller and lower taxes. The market can fix itself, the government doesn't need to become a parasite that grows bigger and bigger.

 

[danarhea]

Right, because up until now the bill has been a perfect example of financial regulation.

Well, in some cases, regulation is needed. I would like to see Glass-Steagal put back in play. It was the dismantling of this act that led to the economic meltdown were are now experiencing.

 

[Gina]

They should reduce taxes to increase investment and allow struggling businesses to keep some extra money to get through.

Two Bush era tax cuts and the country still belly flopped in 2008. Doing the same thing and expecting a different result is the very definition of insanity.

Well, in some cases, regulation is needed. I would like to see Glass-Steagal put back in play. It was the dismantling of this act that led to the economic meltdown were are now experiencing.

I agree, I think we should just go back to Glass-Steagall. Put it back in place and refine it a bit. Perfect. Repealing it was a huge mistake.

 

[TurtleDude]

So, you're enlightened economic proposals on remedying $11 Trillion Deficit are...?

its certainly not what Obama and his administration is doing

 

[TurtleDude]

Two Bush era tax cuts and the country still belly flopped in 2008. Doing the same thing and expecting a different result is the very definition of insanity.



I agree, I think we should just go back to Glass-Steagall. Put it back in place and refine it a bit. Perfect. Repealing it was a huge mistake.

yeah tax our way to prosperity. Jack up taxes on investments and corporations and then pss and moan when companies and jobs leave the USA.

 

[TurtleDude]

So you would rather the government do nothing to help the economy....:rofl

the best way it could help is to shrink quickly

 

[Gina]

yeah tax our way to prosperity. Jack up taxes on investments and corporations and then pss and moan when companies and jobs leave the USA.

Excuse me but jobs left they U.S. in droves over the course of 8 years of the Bush administration.

The question remains, how does lowering taxes any further help when it certainly didn't keep jobs in the U.S.?