Tag Archives: Bailouts

Chris Dodd’s Financial Reform Bill – Warning!

Now we know that when the democrats/the administration/the president/the mainstream media speaks they cannot be taken at face value.  They do not tell the truth, if one word or characterization does not sell or go over well, they simply change to another word to represent the same thing.

All you have to do to illustrate that is go back over the statements the president himself made about the health care bill that have turned out to be not true.  And day after day he and the democrats bled for the people without health care insurance, but now are on to other things like fund raising and spring vacations, taking time out here and there to smear the American people for not being grateful enough to them.  Not one single person has any more care now than they did before the passage of the bill and are left asking, “Where do we sign up for this free health care?”

http://www.gaypatriot.net/2010/04/17/the-more-we-know-about-obamacare-the-more-we-disapprove/

So what will be the next big piece of legislation they will try to pass?

One could be Chris Dodd’s Financial Reform bill.  It is being sold as a bill to make sure there will be no more “too big to fail” scenarios and no more government bailouts, which sounds good on it’s face.

But take a look at this. It could be pretty much the exact opposite:

So rather than eliminating bailouts Dodd’s bill actually gives big bank CEO’s TWO bailout funds to catch them when their risky bets don’t pay off.  Yet, Democrats continue their propaganda campaign with a straight face and repeat over and over that the Dodd bill will end “too big to fail” and contains no bailouts.

The public should not be fooled and should make sure that their senators aren’t either.

The article referenced above mentions Frank Luntz’ “secret” memo, which can be found Here.

Oh, and according to Dodd, “getting this done cannot wait,” and you know what that means – hurry up and get it passed before anybody finds out what’s really in it.

Paul Ryan explains it.  Watch to the very end, it’s worth it:
Note:  Olympia Snowe and Susan Collins are at it again:

http://www.washingtonexaminer.com/politics/congress/Republicans-more-optimistic-about-bank-bill-compromise-91553629.html

To see Dodd’s bill in summary and in full text, see:
http://dodd.senate.gov/?q=node/5519

And I thought Chris Dodd was resigning.  🙂

RELATED: http://therealbarackobama.wordpress.com/2010/04/18/potus-u-s-destined-to-endure-a-new-economic-crisis-pelosi-blueprint-for-american-prosperity-nearly-complete/#comments

Posted:  04.17.10  Video added:  04.20.10 @ 1:50 p.m.

4 Comments

Filed under Barack Obama, Financial Crisis, politics, Uncategorized

Obama asked GM head to resign, denies them further bailout money

WASHINGTON – The White House says neither General Motors nor Chrysler submitted acceptable plans to receive more bailout money, setting the stage for a crisis in Detroit and putting in motion what could be the final two months of two American auto giants.

President Barack Obama and his top advisers have determined that neither company is viable and that taxpayers will not spend untold billions more to keep the pair of automakers open forever. In a last-ditch effort, the administration gave each company a brief deadline to try one last time to convince Washington it is worth saving, said senior administration officials who spoke on the condition of anonymity to more bluntly discuss the decision.

Obama’s aides, aware of the outrage the White House faces if thousands more Americans lose their jobs, appointed a former deputy labor secretary, Ed Montgomery, to lead assistance efforts to cities and towns that depend on the auto industry. The move signaled the White House already was looking to a time when assembly plants may need to operate with far smaller staffs or shut down completely.

Aides note that Obama inherited the auto mess from his predecessor, President George W. Bush.

Give. me. a Break.  Another childish “it’s not MY fault” excuse.  That is getting mighty old at this point.  Every president has inherited problems from the previous administration.  Everybody knows that.  If he did not want to do the job, why did he do everything humanly possible to get it with years of campaigning?  Come on.

But, Wow.  What is wrong with this picture?  This is why the government should not be bailing out companies to begin with.  First I read today that the Administration has asked for the resignation of GM CEO Rick Wagoner and he has complied.  Now this.

The United States government is deciding who succeeds and who fails.  Unbelievable!

Stunning.  See the rest of the story Here.

Posted: 03.30.09

2 Comments

Filed under Barack Obama, Financial Crisis, politics, President Barack Obama, Uncategorized