On May 15, 2:46 pm, The DNC_Fool_With_Too_Many_Tools
Tell us, you Useful Idiot of the DNC; since you constantly demonstrate
that you are Too_Stupid_To_Post_To_Usenet, seeing as how you _still_
haven't figured out how to deal with something as simple as that pesky
"Hide quoted text-Show quoted text" thingy, why in the wide wide world
of sports do you think that anyone here would believe you are "smart"
enough to discuss politics, finance, government policy _or_ (T.P.G.-
relevant) GUNS???
>
>>>>>>> LOL..yeah Rove...the Fountain of Truth.
>
>>>>>>> How's that Rove created McCain/Palin ticket working for you wingers?
>
>>>>>>> Laugh..laugh..laugh...
>
>>>>>>> TMT
>
>>>>>> Obama may not get re-elected unless the economy turns around.-Hide quoted text -
>
>>>>>> - Show quoted text -
>
^More demonstration of Fool's stupidity^.
>
>>>>> But the economy HAS turned...and IS getting better.
>
>>>>> That is one big reason why the conservatives are foaming at the mouth.
>
>>>>> TMT
>
>>>> The economy is in trouble. Britain is in a double dip, gas prices at
>>>> the pump are very high and Greece may leave the European Union.
>>>> The stock market reflects the poor performance of the economy.
>>>> Job growth has fallen the last 3 months. This indicates a slowing
>>>> economy. We may be heading toward a double dip. I just don't see
>>>> a recovery before the election. Obama is in serious trouble. The polls
>>>> are running against Obama.
>
General Election: Romney vs. Obama
Tuesday, May 15
CBS News/NY Times
Obama 43%, Romney 46%
Rasmussen Tracking
Obama 45%, Romney 47%
Wash Times/JZ Analytics
Obama: 43%
Romney: 44%
Politico/GWU/Battleground
Obama: 47%
Romney: 48%
Democracy Corps (D)
Obama: 47%
Romney: 47%
http://www.realclearpolitics.com/epolls/latest_polls
GALLUP DAILY POLLS
May 12-14, 2012 – Updates daily at 1 p.m. ET; reflects one-day change
Presidential Approval Poll
Approval: 45%
Disapproval: 48%
Presidential Election
Obama: 46%
Romney: 45%
7-day rolling average
Employed Full Time: 65.1%
Underemployed: 18.0%
Unemployed: 8.2%
Job Creation Index: 17
Eonomic Confidence: -18
Consumer Spending$80-
US Life Evaluation (Based on the Gallup-Healthways Well-Being Index)
Thriving: 54%
Struggling: 42%
Suffering: 3%
Happiness: 61%
Stress: 5%
Entrepreneurs Must Save America
They're the key to jumpstarting job creation and the U.S. economy
A GMJ Q&A with Jim Clifton, CEO of Gallup and author of The Coming
Jobs War
The United States has no shortage of great ideas and innovations. What
the country most needs right now are highly motivated entrepreneurs
who can turn those ideas into great businesses -- and thus create
millions of new jobs.
So says Gallup Chairman Jim Clifton in his book, The Coming Jobs War.
Clifton is worried because America and much of the rest of the world
are trying to boost innovation while entrepreneurs -- living,
breathing, job-creating engines -- are neglected.
...
http://gmj.gallup.com/content/151865/Entrepreneurs-Save-America.aspx
>
>>>> I remember what Clinton said to Bush "It's the economy stupid".
>>>> Obama is in the kitchen. Let's see if he can take the heat.-Hide quoted text -
>
>>>> - Show quoted text -
>
^Tool Fool's stupidity^.
>
>>> The economy is NOT in trouble.
>
>>> Yes Europe is struggling...so is that Obama's fault?
>
>> No but fault has nothing to do with it. The President takes the heat
>> for the shape of the economy. Europe is our largest trading partner
>> and they are dropping like a rock. I suggest you look at the news.
>
>>> The stock market is doing very well compared to what it was.
>
>> People have short memories. The growth rate of the economy is anemic
>> at best 2%. Like it or not this is the Obama economy.
>
>>> Job growth is growing...just not as fast as we want it to.
>
>>> Obama is NOT in serious trouble...the Republicans ARE.
>
>>> Look at who they have been able to field against Obama...LOL...if the
>>> Republican Party was any kind of force to reckon with they should be
>>> way ahead in the polls...they are not by any definitiion.
>
>> Romney is ahead in most states.
>
>>> You keep using the word "may" ...well many thing "may" happen.
>
>>> Oil prices are coming down along with the gas prices..and that money
>>> is going back into the economy.
>
>> The prices at the pump are what count. Prices are rising.
>
>>> Reality is if nothing comes out of nowhere to hit the economy HARD,
>>> Obama WILL be reelected.
>
>> It doesn't look good for Obama. This is his economy now. Obama is
>> falling like a rock in the polls.- Hide quoted text -
>
>> - Show quoted text -
>
^Well, Tool Fool; at least you are consistant in your stupidity here.^
>
> Blah...blah...blah...
>
> Obama is doing quite well in the polls.
>
> It is Romney who has been slipping.
>
> No one in their right mind would hand the economy back to the Party
> responsible for the Bush Crash of '08.
>
> Just the latest example...a 2 billion dollar and counting crash at
> JPMorgan....because of lack of oversight.
>
> Wanna guess which Party wants less oversight over the banks?
>
Guess which party had TWO FULL YEARS to establish all the "oversight"
controls you wanted over the banks and other financial institutions,
Fool?
That's _right_: the Democrat Party (2009-2010).
And what did they do?
Tuesday, March 16, 2010
Senate Democrats introduce new financial regulation bill
Hillary Stemple at 9:23 AM ET
Democrats on the Senate Banking Committee [official website] on Monday
introduced the Restoring American Financial Stability Act of 2010 [S
3217], aimed at increasing financial regulation in the wake of the
recent financial crisis. The bill includes a provision meant to
protect consumers from predatory lending by creating a Consumer
Financial Protection Bureau housed within the Federal Reserve. The
proposed legislation would also give the government the power to break
up financial institutions that have been deemed "too big to fail" in
order to prevent future situations where the failing of one firm could
threaten the entire economy. The "Volcker Rule," prohibiting banks
from owning, investing in, or sponsoring hedge funds, private equity
funds, or proprietary trading funds for profit where the funds do not
benefit the banks' customers, was also included in the proposed
legislation. Other provisions included in the bill involve the
restructuring of the federal banking system, regulation of the credit-
rating agencies, and the creation of a committee to identify and
manage risks to the economy. The executive session to mark up the bill
is scheduled to begin on Monday.
This bill is the second financial reform bill to be proposed by the
Senate Banking Committee following the 2008 financial crisis. The 2009
bill was met with resistance and resulted in the committee's
development of the new bill. In December, the US House of
Representatives approved a similar bill. The US House Financial
Services Committee had approved a bill to create a consumer financial
protection agency in October, after originally delaying it at the
behest of financial industry leaders in July. The creation of the
agency is a key step in achieving the Obama administration's stated
goal of tightening financial industry regulations. In June, the
administration proposed a broad series of regulatory reforms aimed at
restoring confidence in the US financial system.
http://jurist.law.pitt.edu/paperchase/2010/03/senate-democrats-propose-new-financial.php
OpenCongress Summary
This is the Democrats' financial regulatory reform bill. It seeks to
address the regulatory lapses that lead to the crisis of 2008 and fix
the problem of "too big to fail" that necessitated the bailouts. It
would create a process for the government to seize and break up
failing financial firms, create a new consumer protection agency
specifically for financial products, reform the derivatives market,
and more. An 11-page summary from the Banking Committee can be found
online here.
[
http://www.opencongress.org/articles/view/1718-Summary-of-the-Dodd-
Financial-Reform-Bill]
OpenCongress bill summaries are written by OpenCongress editors and
are entirely independent of Congress and the federal government. For
the summary provided by Congress itself, via the Congressional
Research Service, see the "Official Summary" below.
Official Summary
4/15/2010--Introduced.Restoring American Financial Stability Act of
2010 - Financial Stability Act of 2010 - Establishes the Financial
Stability Oversight Council to: (1) identify risks to the financial
stability of the United States; (2) promote market discipline; and (3)
respond to emergCloseOfficial Summary4/15/2010--Introduced.Restoring
American Financial Stability Act of 2010 - Financial Stability Act of
2010 - Establishes the Financial Stability Oversight Council to:
(1) identify risks to the financial stability of the United States;
(2) promote market discipline; and
(3) respond to emerging threats to the stability of the United States
financial markets. Establishes within the Department of the Treasury:
(1) the Office of Financial Research (Office) to support the Financial
Stability Oversight Council; and
(2) the Financial Research Fund to fund the Office. Grants the Board
of Governors of the Federal Reserve System (Board) additional
authority to require reports and conduct examinations of certain
nonbank financial companies and bank holding companies. Revises
supervision and prudential standards for nonbank financial companies
supervised by the Board and for certain bank holding companies.
Establishes in the U.S. Bankruptcy Court for the District of Delaware
an Orderly Liquidation Authority Panel to authorize the Secretary of
the Treasury (Secretary), under specified circumstances, to appoint
the Federal Deposit Insurance Corporation (FDIC) as receiver of a
financial company in default or in danger of default whose failure
would have serious adverse effects on financial stability in the
United States. Enhancing Financial Institution Safety and Soundness
Act of 2010 - Transfers all functions of the Office of Thrift
Supervision (OTS) and the OTS Director to the Board, to the Office of
the Comptroller of the Currency, and to the FDIC. Abolishes OTS.
Prohibits the issuance of charters for federal savings associations.
Private Fund Investment Advisers Registration Act of 2010 - Amends the
Investment Advisers Act of 1940 with respect to:
(1) the regulation of advisers to hedge funds;
(2) collection of systemic risk data; and
(3) the asset threshold for federal registration of investment
advisers. Office of National Insurance Act of 2010 - Establishes
within the Department of the Treasury the Office of National Insurance
to monitor all aspects of the insurance industry, including
identification of issues or gaps in the regulation of insurers that
could contribute to a systemic crisis in the insurance industry or the
United States financial system. Nonadmitted and Reinsurance Reform Act
of 2010 - Sets forth procedures for:
(1) reporting, payment, and allocation of nonadmitted insurance
premium taxes; and
(2) regulation of credit for reinsurance and reinsurance agreements.
Bank and Savings Association Holding Company and Depository
Institution Regulatory Improvements Act of 2010 - Imposes a moratorium
upon FDIC provision of federal deposit insurance for credit card
banks, industrial loan companies, and certain other companies under
the Bank Holding Company Act of 1956. Amends the Bank Holding Company
Act of 1956 to revise requirements for reports, examinations, and
regulation of functionally regulated subsidiaries, including
concentration limits on large financial institutions. Over-the-Counter
Derivatives Markets Act of 2010 - Amends the Commodity Exchange Act
to:
(1) extend joint rulemaking and regulatory authority of the Commodity
Futures Trading Commission (CFTC) and the Securities and Exchange
Commission (SEC) to over-the-counter derivatives markets; and
(2) require large swap trader reporting. Amends the Gramm-Leach-Bliley
Act to repeal the prohibition against the regulation of security-based
swaps. Amends the Securities Exchange Act of 1934 to set forth:
(1) clearing requirements for security-based swaps;
(2) registration and regulation procedures governing security-based
swap dealers and major security-based swap participants; and
(3) position limits and position accountability for security-based
swaps. Directs the SEC, the CFTC, the Financial Stability Oversight
Council, and the Treasury Department, individually and collectively,
to consult and coordinate with foreign regulatory authorities on the
establishment of consistent international standards with respect to
the regulation of certain SWAPS. Payment, Clearing, and Settlement
Supervision Act of 2010 - Directs the Financial Stability Oversight
Council to designate those financial market utilities or payment,
clearing, or settlement activities which it determines are, or are
likely to become, systemically important. Sets forth procedures
governing examination of and enforcement actions against financial
institutions subject to standards for designated activities,
including:
(1) financial and operational risks such activities may pose to other
financial institutions, critical markets, or the broader financial
system; and
(2) information to assess systemic importance of financial
institutions engaged in payment, clearing, or settlement activities.
Amends the Securities Exchange Act of 1934 to:
(1) establish the Investor Advisory Committee and the Office of the
Investor Advocate;
(2) authorize the SEC to restrict mandatory predispute arbitration;
(3) prescribe securities whistleblower incentives and protection; and
(4) revise regulation, accountability, and transparency of nationally
recognized statistical rating organizations (NRSROs). Amends the
Securities Investor Protection Act of 1970 to increase the borrowing
limit on Treasury loans. Amends the Securities Exchange Act of 1934
to:
(1) direct the federal banking agencies and the SEC to prescribe joint
regulations to require any securitizer to retain an economic interest
in a portion of the credit risk for any asset that the securitizer,
through the issuance of an asset-backed security, transfers, sells, or
conveys to a third party;
(2) require procedures for annual shareholder approval of executive
compensation; and
(3) require disclosures regarding employee and director hedging.
Requires the SEC to report to certain congressional committees
regarding:
(1) its conduct of examinations of registered entities, enforcement
investigations, and review of corporate financial securities filings;
and
(2) its oversight of national securities associations. Prescribes
standards for:
(1) corporate governance; and
(2) regulation of municipal securities and changes to the Municipal
Securities Rulemaking Board. Establishes in the SEC the Office of
Municipal Securities. Amends the Sarbanes-Oxley Act of 2002 to
authorize the Public Company Accounting Oversight Board to share
certain information with foreign authorities. Amends the FDIA to
direct the Inspector General of each federal banking agency to report
to Congress semiannually on certain losses to the Deposit Insurance
Fund. Instructs the Comptroller General to study and report to
Congress on the risks and conflicts associated with proprietary
trading by and within specified entities. Directs the Office of
Financial Literacy of the Bureau to establish a program to make grants
to states for enhanced protection of seniors from being misled by
false designations. Consumer Financial Protection Act of 2010 -
Establishes:
(1) in the Federal Reserve System the Bureau of Consumer Financial
Protection (Bureau) to regulate the offering and provision of consumer
financial products or services under the federal consumer financial
laws;
(2) the Office of Fair Lending and Equal Opportunity;
(3) the Office of Financial Literacy; and
(4) the Consumer Advisory Board. Grants the Bureau supervisory powers
and enforcement authority over certain large-sized insured depository
institutions and insured credit unions. Excludes from Bureau oversight
certain merchants, retailers and other sellers of nonfinancial goods
or services. Grants the Bureau specific authorities, including
prohibiting unfair, deceptive, or abusive acts or practices. Transfers
to the Bureau specified consumer financial protection functions.
Prescribes requirements for collection of deposit account data. Amends
the Equal Credit Opportunity Act regarding small business loan data
collection. Amends the Truth in Lending Act to prohibit certain
prepayment penalties. Amends the Federal Reserve Act with respect to
emergency lending authority. Authorizes the Comptroller General, under
specified circumstances, to conduct reviews of the Federal Reserve
Board, a federal reserve bank, or a credit facility. Improving Access
to Mainstream Financial Institutions Act of 2010 - Authorizes the
Secretary to establish a multiyear program of grants, cooperative
agreements, financial agency agreements, and similar contracts or
undertakings to promote initiatives to enable low- and moderate-income
individuals to:
(1) to establish one or more accounts in a federally insured
depository institution that are appropriate to meet their financial
needs; and
(2) gain improved access to the provision of accounts on reasonable
terms.
...Read the Rest
[
http://www.opencongress.org/bill/111-s3217/show#]
OK, Fool; tell us what happened to this single piece of Democrat
legislation:
http://thomas.loc.gov/cgi-bin/bdquery/z?d111:SN03217:@@@X
Died on the vine; that's what.
Of course, as we all know; in LiberalLand:
Republican Congress + Republican President = Republicans' Fault;
Republican Congress + Democrat President = Republicans' Fault;
Democrat Congress + Republican President = Republicans' Fault;
and,
Democrat Congress + Democrat President = <Tada.wav> BUSH's Fault!
Right, "Too_Many_DNC_Excuses"?