This week, risky trades by JP Morgan caused $2 billion in losses and showed why muscular banking regulation is still so badly needed; Rick Santorum endorsed Romney in an email sent out around midnight with no advance notice to reporters -- just one step short of sending his endorsement directly to spam folders; and, of course, the week's top story was obviously President Obama's "I do" on gay marriage -- a groundbreaking move that aligned him with Dr. King's evocative suggestion that we be the headlights of history, not the taillights. Thank you for your bold leadership, Mr. President. Now, if you can get to know as many unemployed people as you do gay people, perhaps you'll provide equally bold leadership on jobs. Finally, here's wishing moms everywhere a very happy Mother's Day!
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We do not have to wait that long to solve the banking problem(s). Just restore Glass-Stegall.
(Locked door Eexecutive sessions barring lobbyists for both houses and severe political punishment for those not falling in line.)
Other countries provide a foundation of legal protectionÂÂÂÂs for jobholdersÂÂÂÂ; strict guidelines regarding wages, work hours, vacations, terminatioÂÂÂÂns, layoff procedures etc. and, most have shorter work-weeks than the US by mandate. We can no longer continue to subsidize all manor of enterprise and at the same time threaten the survival of the most productive and efficient class of in the US.
The US is a rich country, there is no good reason that so many of our citizens are unable to achieve a reasonable, if modest, lifestyle. It's all about a congressional system that has failed the majority and who legislates for the highest bidders.
Granted, the market and commodities should go straight up towards election day as our currency crashes, and the full force of inflation and dollar devaluation will not be fully felt until after the election, nonetheless you will be confronted with rebellion with no financial, economic power to prevent Chinese domination of our economy and politics. What you are doing is wrong, short sighted, destructive of our national sovereignty and future as a legitimate nation. Back off and create policies that represent American domestic and national interests. First, assume that our debt is too great to repay, therefore, we must default on the borrowers, terms rather than the lenders' threats.
Mr. President, your job is to lead, not follow the instructions of creditors. Show as much courage for the 317 million citizens as you have for a tiny minority of exceptionally endowed citizens. You are the only individual that can change the course of history. You must do what is right, not what is expedient.
This is but a game to some. Makes me wonder if there's a "media buy" issue driving the agenda here. Republicans must win independents and convert democrats and they may as well do it here.
... and on the fact that Obama and the Dems (yes, AND THE DEMS in Congress, because NOTHING happens without Congress) averted a depression, ended the worst recession since the Great Depression and stabilized an unemployment rate in free fall in less than a year?
... and on the fact that Obama and the Dems in Congress already added 4.2 million new jobs, after having successfully ended the recession?
If you "care about" the unemployed, you shouldn't just "talk to" the unemployed, you also have to study ALL the facts and draw logical conclusions ...
Obama should follow his conversion over Equal Rights with a right for us little people to be rewarded for our work with a modest home, education for our kids, decent healthcare and a pension that pays the bills and maybe even a holiday. We once had that when we worked in factories but those have been sent away.
Apple pays little tax, like all the other corporations that Obama lauds and lectures us to emulate. America used to be a land where the honest worker was rewarded. Now it's the lucky, yes the clever too but not all of us can be a CEO of Facebook.
AH remembers that and I hope she continues to remind others in her class of our plight.
What about his plan to rebuild our crumbling roads and bridges, hire back teachers, invest in early childhood education, lower student loan rates, help underwater homeowners refinance through private banks, incentivize business to hire our veterans, extend payroll tax cuts, extend unemployment benefits, institute job training programs through community colleges .... I'm just getting started.
Why have almost none of his plans been implemented? Gee, I wonder. Maybe it would be a good idea to pressure those who sabotage our economy for political gain instead of taking aim at a man who does everything in his power to clean it up.
This President doesn't need to familiarize himself with the unemployed. Naysayers need to familiarize themselves with him.
The choice this November couldn't be clearer. President Obama, who has given the Republican Congress every opportunity to join him in working towards a better future for this nation, only to be met with a resounding "NO!"
Or Mitt, "Corporations are people, my friend. Banks are scared just like you." etch a sketch Romney.
Obama 2012!
Taking back the House, and beefing up the Senate for the Dems!
Solyandra was a venture capital investment by the government because big oil (private) prefers to make hay will the sun shines, no alternative energy research, and keeps subsidies Repubs vote against stopping - Solyanda was about 500 million and the people in charge were swindlers who should go to jail --- but how about How We Got Swindled by Wall Street Godfathers, Greed & Financial Darwinism ~ The 30-Year War Against the American Dream. (my new book). David Satterfield, who wrote the foreword, was the former business editor and 2 times Pulitzer winner said - "Financial Darwinism means, survival of the richest." What are profitable cos.in the private sector doing to help - funding ALEC? Shipping jobs and parking profits offshore!
T. Jefferson said government must take over when the private sector does not. Grover compares this "recovery" from a Depression with Reagan's recovery from a recession - an absolute misleading comparison.
quillerm - equate the need to do something about student loans to help fund our newest generation of engineers, doctors, teachers and Americans who have cared to become educated.
Your numbers and reasons are way off. to learn more: www.howwegotswindled.com
As well as the Admin CHANGED the rules to allow the US government to be LAST IN THE LINE for repayment......this point gets very little coverage.