After fits and starts, bank bill read...

After fits and starts, bank bill ready for passage

There are 64 comments on the 2NEWS.TV story from Jul 15, 2010, titled After fits and starts, bank bill ready for passage. In it, 2NEWS.TV reports that:

The Senate moved to a critical showdown vote Thursday on a sweeping overhaul of the nation's financial regulations, paving the way for Congress to send President Barack Obama a crackdown on banks and Wall Street that in some ways is tougher than what he sought.

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Lihue, HI

#65 Jul 16, 2010
In the short time since he took office, Obama and his fellow Democrats have passed:
• Historic comprehensive health care bill that extends health insurance to 32 million more people and approaches universal coverage for the first time.
• The American Recovery and Reinvestment Act: a mix of infrastructure payments and tax cuts designed to create or save millions of jobs and pull the United States out of its deepest recession in generations.
• Lilly Ledbetter Fair Pay Act which restored equal pay protections for women in the workplace and made it easier to file wage discrimination claims.
• Credit Card Accountability, Responsibility and Disclosure Act that cracked down on abuses by the credit card industry, offering consumers new protections from interest rate hikes and penalty fees during the recession.
• Children's Health Insurance Reauthorization Act which continued medical coverage for up to seven million needy children and expanded that coverage by four million children who did not previously have health insurance.
• Weapons System Acquisition Reform Act which reformed the defense procurement system and aimed to save billions of dollars in wasteful projects and cost overruns and spending on new weapons systems that often arrive late or are not needed.
• The Family Smoking Prevention and Tobacco Control Act, took aim at teen smoking, outlawed the manufacture of cigarettes flavored with candy and fruits and prevented the tobacco industry from engaging in marketing targeted at young people.
• The Matthew Sheppard and James Byrd, Jr. Hate Crimes Prevention Act, a measure that expands the 1969 United States federal hate-crime law to include crimes motivated by a victim's actual or perceived gender, sexual orientation, gender identity, or disability.
• The Wall Street Reform and Consumer Protection Act, that cracks down on banks and Wall Street in order to avoid another major financial meltdown. The bill ensures there that will be no more taxpayer bailouts and that Americans won't have to foot the bill for Wall Street's excesses.

And just what have the Republicans been doing for America??? The Republicans in the Senate have said no to unemployment benefits, no to aid to the states, no to creating jobs, no to standing up to Wall Street. They have been talking a lot recently about extending the Bush tax cuts for the rich - no matter how much that would increase the deficit - but they won't extend unemployment benefits because that will increase the deficit.Republicans have obstructed any legislation through the filibuster, lied to the American public, and blocked a record number of Administration appointments. Republicans have refused to work in a bi-partisan matter which has essentially caused the gridlock we see in Congress. A vote for a Republican this fall is a Vote for more Gridlock!

Lihue, HI

#66 Jul 16, 2010
Now that Republicans have failed yet again in their attempts to obstruct any and all pieces of legislation, what are some prominent Republicans saying about GOP plans for the future? What do the Republicans have to offer us this fall?

Well for starters, House Minority Leader John Boehner, fresh out of a meeting with business and trade group lobbyists, announced a new idea this afternoon: A moratorium on all new federal regulations, for a year. "I think having a moratorium on new federal regulations is a great idea it sends a wonderful signal to the private sector that they're going to have some breathing room," Boehner said. Sure, John. just like Oil spills give environmentalists something to do and unemployment gives people a lot of free time.

His timing is fantastic! Fantastic for Democrats that is! Let's take a look at how bad his timing was and how out of touch with America this guy is: First, Boehner waited until the Gulf oil disaster became so bad, that even people who hate regulations now crave them. Second, he waited until after the Senate passed sweeping reform to regulate the fat cats on Wall Street and after those regulations got popular with the public. And we cannot forget that he waited until health care started becoming popular again with a clear majority against repeal.

Ok! So Boehner's clearly out of touch with voters. Let's check with Peter king in NY. What does he has to say about the Republican agenda? Peter King has said Republicans shouldn’t ‘lay out a complete agenda,’ because it might become ‘a campaign Issue.'

Really? What are they afraid of? Do they even have a PLAN??? It seems as if Republicans want to keep their plans for America a secret so Americans won't be able to evaluate their ideas against those of their competitors. We are siply going to have to trust and then vote for them based on blind faith. Yeah right! Not going to happen, especially after the last time they had control.

“Liberal Teachers ruin Kids”

Since: Mar 09

Paradise Valley Arizona

#67 Jul 16, 2010
A vote for a Republican this fall is a Vote for Your Freedom Period

Lihue, HI

#68 Jul 16, 2010
Vance1 wrote:
A vote for a Republican this fall is a Vote for Your Freedom Period
A vote for a Republican this fall is a Vote for more Gridlock!

The only freedom that those GOP snake-oil salesmen are selling is freedom from reality!

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