Hmmmm....where to sign a bill for more government regulation?

[joshh]

All I know is the Government is the last group of people I'd trust to add regulations to any industry. Government just adds stops and bureaucracy. Think the clean up of the BP oil spill for Christs sake.
The only thing we really need is the government to watch and act on those that cheat people.

[Dozyproductions]

They dont answer to the govt at all (other than the prez gets to appoint the Chairman which is to give it the trapping s of govt over sight and make it seem like its a govt agency). You see that bank cartel Loans money to the US federal govt at interest. SO for every dollar in circulation the Govt is making interest payments to that banking cartel on it. Welcome to the wonders of the Fiat Currency, and you have the Wilson Administration to thank

I need to find my parents copy of Jekyll Island.

[Aptyp]

Yeah thats the gist of it, The fed is a private bank, NOT A GOVT HELD INSTITUTION, ou dont see a problem with letting a private bank have broad power over its rivals? That lets it take over any private institution that it deems could cause economic harm???? Under very broad and vague terms. Last time I checked Hugo Chavezs runs Venezuela not the USA, but we now have something simialr.

Now I AM confused. You bitch all the time about government not getting involved in economy and now you're still bitching.

Federal Reserve is a bank, a private entity. That bank prints and distribute American currency into circulation. They have been giving money to banks for years without congress, they've been issuing loans (like to United States of America) to businesses and other countries. United States debt is TO Federal Reserve Bank, which as a private entity borrowed money from China and other countries.

If you buy a house and fail to pay mortgage, bank will foreclose on you. That simple. Well a lot of businesses owe Federal Reserve money, and US government took a HUGE loan to bail out some of the companies that were going under (at which point people like you cried wolf).

This legislature makes sure that private bank (Federal Reserve) with hold those businesses in check. The only reason I see Executive branch still being in the mix is to enforce a law. As a bank, Federal Reserve is much better equipped to deal with economic situations.

Most of the people on the hill are lawyers, they have good idea about money. Then Congerss No longer has to approve of the spending and or the take over, they have just given the Executive branch the power to take over run and or bail out private enterprise ON A FUCKING WHIM NO OVER SIGHT NOTHING JUST A FUCKING FART IN THE WIND!!!!!!! YOU DONT SEE SOMETHING WRONG WITH THIS????????????

Again, you are bitching for bitching's sake. You probably didn't see how many economists appeared in front of Joint Economic Committee. Probably completely missed how those jackasses had absolutely no idea how insurance worked, what hedge funds were, and how derivatives were keeping economy afloat. Most likely, you completely missed the circus surrounding those hearing that had little to nothing to do with any businesses. Most likely you didn't see them kissing ass of some companies, while completely damaging reputations of others.

Apparently you forgot that you saw something wrong with it before, and now you're just whining over something you wanted in a first place just done by a republican president. Stop nut-swinging, because no matter, who was the president at this time, taking responsibility away from JEC and congress is a move in the right direction.

By all reasons, this was not a conservative nor liberal move to limit federal government, but it allows FedRes to deal with problems the way banks should and squashes notions of FedGov socializing economic infrastructure. Win/win.

He dose not give 2 shits about any of us, minority or not, we are the little people that need to be controlled and are too stupid to know what is best for us.

Government should not give a shit about people like you. There's no way of pleasing some people.



Anyhow, this legislature has problems, but it is a move in the right direction and gives republicans something to build on to show their true conservatism, when they take office. To my understanding, this law is very vague, but that's good as well, because it is easier to amend laws, than pass very complicated legislation.

I am still not impressed with Obama, however, as he has just built a new barrier between democrats and republicans in the congress. Instead of trying to unite both parties into bipartisanship, he constantly forces congressional votes into "Us against them" scenarios. That is a horrible situations and after this years election, when republicans take house and senate back, Obama is going to run into serious issues, especially when next years congress gets to vote on a trillion dollar Healthcare budget for 2012. Not looking good, O-man.

[mrsleeve]

Now I AM confused. You bitch all the time about government not getting involved in economy and now you're still bitching.

Whats confuzzeling you??? This is the Govt getting even further into both private industry and the peoples banking records. I think I have consistently been against that, and my arguments still show that.

Federal Reserve is a bank, a private entity. That bank prints and distribute American currency into circulation. They have been giving money to banks for years without congress, they've been issuing loans (like to United States of America)

Ding ding, congratulations you understand part of the problem, good for you. You see All those Income taxes we pay, yeah a very large portion of that goes to service the debt (you know pay the interest) on all that money the Private bank lends the govt. Here let me break this down for you again that dollar in wallet, well the federal govt has paid A dollar + Interest on it there for that is a NET loss, on every single dollar every printed since 1913.

We have even go so far as to have the FED barrow from the fucking Treasury, to monetize some of this debt we have. Big fucking shell game bro. We all lose about 10 families in the country win.

. United States debt is TO Federal Reserve Bank, which as a private entity borrowed money from China and other countries.

UMMMMM, NO...... The US treasury has been selling bonds ( you know those things you buy for 25 bucks now and in 10 years you 45 for them at maturity) and T-bills amongst other form's paper to get REAL money now form abroad. Now that the tresurey has sold xxxxxxxxxxxx dollars worth of paper, they can print have the fed print the money for it. The Fed reserve loans to other BANKS and financial institutions.

If you buy a house and fail to pay mortgage, bank will foreclose on you. That simple. Well a lot of businesses owe Federal Reserve money, and US government took a HUGE loan to bail out some of the companies that were going under (at which point people like you cried wolf).

Yeah you think, Risky lending is what has caused this. But Hey there was Jimmy Peanut and the CRA in the 70's saying its not fair, just because you have shitty credit and dont make much money, that you cant own a home. The Slick Willy makes the CRA stronger, With Frank-n-Dodd writing legislation that forced mortgage lenders to loan more and more to unfit borrowers.

TOO BIG TO FAIL is not a USA value, if a company fucks up fro what ever reason, weather it be miss management, a too risky investment portfolio, over leveraged debt to asset ratio, and gets is ass handed to it, then fuck em. Let them fail, its not the place of the govt to step in and say this corp or that is too big to fail. Let them fail, liquidate and start over. (oh I supported a modest loan to the GM/Chrysler, A LOAN NOT A HAND OUT + loan)

Cried wolf, Have you looked around??????? The house of cards is about to fall down around our shoulders, and the shit is about to hit the fan. You can only live on your credit cards for so long.

This legislature makes sure that private bank (Federal Reserve) with hold those businesses in check. The only reason I see Executive branch still being in the mix is to enforce a law. As a bank, Federal Reserve is much better equipped to deal with economic situations.

UMMMM missing the point, Appointed Bureaucrats IE CZARS, that have little to no over sight by the law making body, is good???? It took them 2300 pages to define who can come in and Make the actually policy.

Apparently you forgot that you saw something wrong with it before, and now you're just whining over something you wanted in a first place just done by a republican president. Stop nut-swinging, because no matter, who was the president at this time, taking responsibility away from JEC and congress is a move in the right direction.

I dont really get what you are trying to get across with this pointless rant???? I am against anything that lets the federal govt have even more power and limits m y freedoms.

By all reasons, this was not a conservative nor liberal move to limit federal government, but it allows FedRes to deal with problems the way banks should and squashes notions of FedGov socializing economic infrastructure. Win/win.

Your right this is not Con Vs Libb Or R Vs D or Red Vs Blue. This is about small limited Govt, that remains with in the bounds of the Constitution Vs Totalitarianism of your choice. insert brand name here.

Government should not give a shit about people like you. There's no way of pleasing some people.

I dont want the govt to give a shit about me, I can take care of my self. That used to be the coroner stone of American values.

The govt should not Give a shit about ANY OF US, Its not the place of the govt to give2 shits about me and what I am doing. Unless I am infringing on the rights of my fellow man to pursue his own happiness and freedoms.

A wise and frugal government, which shall restrain men from injuring one another, which shall leave them otherwise free to regulate their own pursuits of industry and improvement, and shall not take from the mouth of labor and bread it has earned. This is the sum of good government. - Thomas Jefferson

I predict future happiness for Americans if they can prevent the government from wasting the labors of the people under the pretense of taking care of them. - Thomas Jefferson

Though the people support the government, the government should not support the people- Grover Cleveland

Good god your blind faith in govt is good and is only looking out for us, is the biggest danger to the way of life most Americans hold most dear and have for 10+ generations.

Learn and study history, and open your eyes, then maybe you will start to understand the true nature of govt, and what happens to the people when there is an over abundance of govt. Trust me you wont like it.

[gwb72tii]

Reagan reduced taxes on the wealthy by up to 50%, and to no one's surprise, the deficit increased, so the US began to borrow heavily. Under Reagan, the US went from being the biggest creditor in the world to the world's largest debtor.

i'll call bullshit on this for two reasons, but you really need to study why the debt increased without a partisan beginning.
reagan had an agreement with the democrat congress that they would cut spending at the same time they cut taxes. guess what happened? congress never cut spending, and reagan had to compromise to get other political priorities passed.
and #2, if you study the federal income taxes collected as a percentage of GDP, its has historically averaged close to 19% within a very narrow margin, no matter what personal tax rates are. in other words, during reagans first years, the top marginal tax bracket was i believe over 70%. and when tax rates were lowered, the top marginal rate dropped to 28%. income taxes collected were still about 19% of GDP after the drop, but the economy TOOK OFF for 8 years. tax collections went way up in dollar terms, but congress always spent more than what has been collected.

it is not and never has been a tax collection problem. congress has never learned to actually make hard choices and balance a budget. the can is always kicked down the road to the next congress. that is a solid argument for term limits and a balnced budget amendment.

clinton ran a surplus because he was smart enough to compromise with newt gingrich and cut spending. and we now see that lasted for like a nano second because republicans are like democrats mostly with deficit spending.

the problem with obama is he has ramped it up to such a degree that it is absolutely, without any doubt, a spending problem. he miscalculated that the economy would recover from the recession like it has historically and he could concentrate on fundamentally changing what this nation is all about, which sadly he is in the process of accomplishing.

oh, one more thing. guess what is inside this hairball financial reg bill? MANDATED % minority lending. the two creeps that are largely responsible for the current shit mess in housing, dodd and frank (thank God dodd is toast this year) wrote the bill. you cannot make this stuff up.