Republicans slam financial reform door

Just waiting for the Republicans to blame Obama for not passing Financial Reform when it is the Republican party holding up the process.

It is the same BS that they use to blame Clinton for repealing regulation when the Republicans wrote the Act, named it after Republican Senators and passed it in a partisan manner that made it veto proof.

Total f'ing BS politics.

"I've had a growing conviction that Congress is not operating as it should" Evan Bayh

Bayh said he was bitter over the bipartisanship he's seen, but said he held no grudge against the Democrats.

"I'm not angry at my party," Bayh said on CBS' "The Early Show" this morning. "I wish Washington would work better.

are you capable of writing anything Riversider that is not merely copy and pasted?

are you capable of writing anything Riversider that is not merely copy and pasted?

i wish washington would do nothing;stop raising taxes and stop spending money; just protect individual rights and property rights and a strong military....no more entitlements which will eventually bankrupt he country. in new jersey a state worker puts in $125,000; retires at 49 and gets a retirement package of $3,800,000... that's a disgrace and you wonder why we are taxed to death..

The more one sees gov't mis-management, the more one become libertarian

extreme libertarianism is the rational way of life for the rational man.

"Just waiting for the Republicans to blame Obama for not passing Financial Reform when it is the Republican party holding up the process."

I can't believe this... Democrats have the presidency, have had both houses of congress for years, had that plus a SUPERMAJORITY, can't pass DIDDLY.... AND ARE STILL BLAMING REPUBLICANS?

Can Democrats do ANYTHING other than blame Democrats.

> It is the same BS that they use to blame Clinton for repealing regulation

Funny, that was there his signature on that bill. Did a gang of Republicans make him sign it?

> Total f'ing BS politics.

Yes, and you've been suckered by it! No wonder politicians do this stuff, you let them get away with it!

It's a race to paint the other party as worse for Wall Street. The winner gets the PAC money.

the congress has bankrupted the country;taxed the american people to death; created fannie and freddie which helped cause the housing bubble and they want to regulate the engine of nyc and america... ha

Sounds about right.

public schools should teach personal finance in addition to math and history. every american student should understand how to open a bank account, how interest is calculated, how to do his/her own taxes, etc. i don't know why our school system doesn't teach these things. they're certainly not being taught at home. then, banks wouldn't be able to "put one over" on consumers. although, i'm going to point out that BASIC COMMON SENSE says not to spend more than you have. duh. that bit of knowledge has nothing to do with fancy loan products.

"i wish washington would do nothing;stop raising taxes"

Washington has not raised taxes by a single dime since Obama became president, excluding the cigarette tax. Taxes are being raised in Albany and City hall, not in Washington.

for the last 80 years the government has taxed the productive american people and has given entitlements to buy votes increasing the size of government; now the corrupt politicians have bankrupted the country the game is up, it's over...

hopefulbutskeptical they don't want to teach intelligence; the teacher's unions want a dumb populace so the government can control the lemmings.

There's been a decline in education in the public schools. Too many teachers just "show up". How many teachers in grades 4,5,6 have their kids discuss the New York Times. I'm not always a fan of the paper, but you want students reading high end papers, discussing it and forming opinions.

"Washington has not raised taxes by a single dime since Obama became president, excluding the cigarette tax."

uh....

"The Obama budget included $3.61 in tax increases for every dollar of so-called tax cuts. This includes new taxes on energy at the pump and as it comes into the home, on many small businesses with 20 or more employees, and on seniors who depend on dividends as part of their retirement income."

and, just wait, the biggest tax of them all is seing its top rates go up..... by 10%

95 % of Americans have received tax cuts from the Obama Administration. FACT

The republicans have used the filibuster to obstruct legislation from being passed this year more times than were used during the entire decade of the 1960's. FACT.

The Republicans were in control of the Executive Branch and both houses of Congress while the country turned in the worst economic performance for any decade on record. FACT

The Act that was written to repeal bank regulations that was the root cause of this global economic collapse was written by Republicans, entered into congress by Republicans, named after Republicans and passed in a veto proof partisan majority by Republicans. FACT.

> 95 % of Americans have received tax cuts from the Obama Administration. FACT

If you give 10 cents more from the poor, and do so by taking $200 trillion from the top 5%, is that a tax decrease? Really?

Total taxes UP. Thats called a Tax INCREASE. FACT.

"The Republicans were in control of the Executive Branch and both houses of Congress while the country turned in the worst economic performance for any decade on record."

LIE.

Democrats have had the House AND Senate since, uh, well, golly, gee... 2006. Easily covering the worst part of the decade. Nice job!

The Act that was written to repeal bank regulations that was the root cause of this global economic collapse was SIGNED BY BILL CINTON. FACT

wow, perfitz, you make this TOO EASY!

"The Republicans were in control of the Executive Branch and both houses of Congress while the country turned in the worst economic performance for any decade on record."

LIE.

Democrats have had the House AND Senate since, uh, well, golly, gee... 2006. Easily covering the worst part of the decade. Nice job!"

The recession began in December 2007. Who was president in December 2007?

Alpo, I know you have trouble with this, but the president is not the same thing as "both houses of congress".

You might want to start at the library. They should have some 8th grade government textbooks for you.

Isn't it funny that the two biggest hook line and sinker Democratic supporters on this board, who parrot the democratic party for dummies handbook, are also the two on this board who know the least about business and markets, and made almost perfectly wrong calls on the RE market?

Just goes to show you why the Democrats have screwed this country so badly...

Your such a loser. Who controlled COngress when the deficit busting tax cuts were enacted, huh?

> Your [sic] such a loser

ROTFL.

Alpo, you couldn't make making fun of you easier if you TRIED.

somehwereelse you are so proud of the results of the republican policies you feel the need to lie about them.

You guys were in charge. Your policies fucked up the world our economy our military and pilfered the life savings of americans yet again.

Be a man own up to what you guys did...or you can go on denying and lying...

The Dems left the country with a surplus and booming digital economy. Republicans left the country on the verge of depression, no net jobs in 8 years, losing 2 wars, massive deficit,etc etc etc

the corrupt politicians are bankrupting the country with the entitlement scam... the usa is broke;they eventually will have to devalue the currency.. all you people who are robbing the future generations with your medicaid and social security and your entitlements.. you are losers.

"somehwereelse you are so proud of the results of the republican policies you feel the need to lie about them."

The only lies came from you and alpo, putzfitz... both of you lying and refusing to admit that the democrats have been in power for almost half a decade now.

> Be a man own up to what you guys did...or you can go on denying and lying...

Noone needs to take this advice more than you, putzfitz! Time to finally admit you were lying about the Democrats having nothing to do with this!

Only lies are from you... and you put FACT next to the lies! Oh my lord! Too easy!

a state worker in new jersey contributes $124000 into his retirement fund and receives a $3,800,000 package after 24 years on the job. don't you just love the unions and the corrupt politicians...

> The Dems left the country with a surplus and booming digital economy

They didn't "leave" the country with anything. They've been running things since 2006, with stuff going further and further in the toilet.

If they get voted out, they will have left us with the worst 5 year performance since the great depression!

Too easy!

julialg...where do you get your numbers?

Again, putzfitz, you still haven't admitted that you lied about republicans controlling congress for the decade!

Seriously, own up. You've been ducking the question for WEEKS.

Or are you trying to claim that the Democrats haven't owned BOTH houses of congress since 2006??

Come on man, stop avoiding the question.... you know you wanna answer.

what is it. Come on putzfitz, own up!

the governor of new jersey presented those figures yesterday.. google it

Got to love those unions!

Them and the Democrats they bought, running us straight into bankruptcy....

BTW, putzfitz, it was the banks that brought the country to its knees.

Who was in bed with the banks!?!??!

Barack Obama's top contributor is GOLDMAN SACHS!

just check the salary and benefits of federal and state workers and then you will understand why every big democrat pro union state is bankrupt ... ny nj cal il etc

absolutely. And its getting worse. The unions own the NYC democrats more than ever. And they'll killing projects (like kingsbridge) if the jobs aren't union... and even passed a law saying you can't open hotels with tax breaks without making them union!

During the 2008 campaign, those at Goldman Sachs donated $955,473 to the Obama campaign. Morgan Stanley, though further down the list, still made the top 20 with a bundled donation of $485,823.

Mr. Obama has also dipped in the Goldman Sachs pool in making his presidential appointments. U.S. Treasury Secretary Timothy Geithner’s loyalty to Goldman Sachs has been an issue of contention and, upon assuming his post at the Treasury Department, he named Mark Patterson, a former Goldman Sachs lobbyist, as a top aide.

And as early as last December, reports Mr. Geithner favored Goldman Sachs surfaced when the New York Times Editorial Board questioned the motivation of then New York Federal Reserve President Timothy Geithner’s decision to let Lehman Brothers fail. Then, two days later, he advocated for the bailout of AIG and its counterparties.

Add to the mix Mr. Geithner arranged a September meeting to discuss the AIG bailout, and Goldman Sachs CEO Lloyd Blankfein was the only Wall Street leader at the meeting. At the time, Goldman Sachs was AIG’s largest trading partner, which raises more questions.

During the campaign, Mr. Obama had strong connections with Goldman Sachs, as he was invited to a private Goldman Sachs dinner in May 2007 when his candidacy was in its infancy. When it came time to name a vice presidential running mate, Mr. Obama turned to Goldman Sachs Board Member James Johnson. Mr. Johnson was forced to vacate the post under controversy.

While recognizing there was no evidence to support charges of corruption, Ms. Frabry stressed the Obama administration would “not be able to remove the cloud of corruption” without honoring its commitment to transparency. To date, she believes the administration has failed.

eventually all of us and the future generations will just be working to pay taxes to support the government workers salaries and pensions and to service the entitlements... sounds like just the socialism the democrats want.

so what would you do..not give government workers pensions...they do jobs that most people don't want to do because they know they'll have pensions at the end...you're picking on the wrong people...i wish you would stop using my sign-on.

Hey dont look at the results that happened from our policies while we were running the country! We are republicans we dont take responsibility for our actions! We blame the Dems who werent in power, we blame blame the gays and the mexicans. Anybody but us or our policies! The buck stops elsewhere.

Republicans were in complete control of the US on 9/11, and we were attacked by people that Reagan and Bush 1 equipped and trained. But it wasnt our fault!

tools liars.. own up to what you did. Stop passing the blame for the results of your policies

hey julia with very limited education these government workers with their retirement packages make 10-20 times what they would in the private sector only because the corrupt politicians are buying their votes... but you know what julia the game is over because our elected officials have bankrupted the states and the country.. you and your children and grandchildren and their children will be paying very high taxes and they will have a much lower quality of life... and you julia are worried about someone having a similar sign-on name...

> so what would you do..not give government workers pensions

No, not give them UNWARRANTED pensions. Not let them retire after 20 years at levels HIGHER than their base salary, and get free lifetime healthcare without contributing a dime.

You seem to be confusing whether or not to pay for something with whether or not we should OVERPAY for it.

> they do jobs that most people don't want to do because
> they know they'll have pensions at the end

Uh, not really. Some of the jobs are political.

And that excuse is 20 years old, before salaries were increased MASSIVELY.

Government workers are well paid now AND they get ridiculous benefits.
AND many have full time jobs on top of the government "jobs".

And, if you think they don't have enough money, perhaps they might want to stop spending all that money on political advertising, phone banks, etc.

If they want to play poverty, they should STOP FUNDING POLITICAL CAMPAIGNS.

> ...you're picking on the wrong people...i wish you would stop using my sign-on.

Nope, we're picking on the right people.

The folks who "negotiate" with the people they bought and elected!

What a joke!

somewhereele well said

> Hey dont look at the results that happened from our policies while we were running the country!

Yes, exactly... its the democratic motto since 2006! Glad you're finally catching on, putzfitz!

> Anybody but us or our policies

Yes, exactly! Its the democratic mantra! "We've had power for years, and we're still blaming everyone else!"

Really, you're STILL denying that the democrats have held BOTH houses of congress since 2006?

> tools liars.. own up to what you did.

Exactly, Dems! Fess up! You've have power for years, take responsibility for it!
I love it!

No wonder he's a democrat, no brain!

You seem to be confusing whether or not to pay for something with whether or not we should OVERPAY for it.

Two points:
1) Theres' definitely a sense of entitlement out there
2) Before we decide to do something, we should decide how to pay for it. NO business could run
this way and hope to survive.

the country is broke on every level... these insane government policies must be stopped. the golden goose (the productive american tax payer) has died. no longer can this entitlement society continue.

"Two points:
1) Theres' definitely a sense of entitlement out there
2) Before we decide to do something, we should decide how to pay for it. NO business could run
this way and hope to survive."

Double bingo, riversider.

BTW, how many years do the Democrats need to be in power before they start focusing on THEIR jobs and what THEY promised to do and what THEY were elected to do?

I guess they're waiting until they're out of office so they can go back to complaining full time.

Hey the Republicans think that the same policies that caused this disaster are the same ones to fix it!

Less taxes for the rich, more deregulation!

Fucking idiots. You caused this shit. And now you are stopping the fixes from being implemented. All you can do is criticize, push the blame, and deny what your policies did to this country.

FACT the US economy performs better under democratic administrations.

FACT - the Great Depression, The S&L Scandal, and the Great Recession ALL happened under Republican administrations. All bankrupted the American citizens life savings.

Congrats Repubs you are 3 for 3 in economic disasters!

petrifitz you seem to be in a new deal time warp... the only thing in the democrats playbook is a big clunky soviet style massive redistributive government... unions entitlements big gov't regulations...

The economy performed better under Carter? It is performing better under Obama? The economy was good under FDR?

petrfitz=crazy partisan hack.

look at the statistics over the past 100 years. Prior to the last Republican disaster the market performed 11% better under dems than republicans FACT. Add in your latest disaster and it has to be up much higher.

And yes the market is up significantly under Obama. Remember you guys handed off a total piece of shit economy and market. You guys handed off massive debts and the largest redistribution of wealth EVER with your bail outs.

Funny the way you guys pass the buck is by accusing the other side of exactly what you guys did.

hey petrfitz the countries broke because of government spending

where is mimi, the foreign citizen who doesn't pay taxes here with her opinion on our country?

> petrfitz=crazy partisan hack.

I don't think crazy, just dumb.

the country would not broke if we start closing the loopholes that allow the very rich to not pay their fair share of taxes and stop putting the burden on the middle class...also the biggest burden is on the working poor and the payroll tax.

"the country would not broke if we start closing the loopholes that allow the very rich to not pay their fair share of taxes "

Now Julia is reading from the Democratic Party Propaganda for Dummies textbook....

The rich not only pay the vast majority of all taxes, they pay larger portions of their income than any other group, despite the propaganda claims. And even when you add in all taxes, despite claims of regressive taxes. They're not, they're absolutely progressive. Rich also use far less of the services.

> and stop putting the burden on the middle class...

This is a load of crap.

> also the biggest burden is on the working poor

Nope, its not. They not only pay the lowest taxes, a large chunk pay NEGATIVE TAXES. You can complain about payroll taxes, but then you're ignoring all the other taxes. Add it all up, they pay the SMALLEST share.

Sorry, Julia, you have no idea what you are talking about.

Point is, the rich keep paying more and more every decade, and we still manage to overspend.

Its time to stop trying to soak the rich, and have the politicians stop BUYING ELECTIONS with pork and giveaways to unions.

In NYS, the largest expenditures are Healthcare and Education. You can't talk about anything else you want, but you'd be missing the point. The largest factors in the incredible rises in costs there (without benefits) - politicians buying their elections via the unions, the WFP, and the other corrupt groups in town.

"if we start closing the loopholes"

This is like Kramer on Seinfeld.... "you know those large corporations, they just... write it off"
Jerry - "you don't even know that that means, do you"

;-)

> Remember you guys handed off a total piece of shit economy and market.

Hmmm... no recession in 2006... and stock market significantly higher than it is now.

Perfitz, you just keep racking them up... LIE

Hey the Republicans think that the same policies that caused this disaster are the same ones to fix it!
No that would be keysian Democrats saying spend spend spend.

They're all morons, but we have to look at the morons in charge now... and they're clearly morons.

petr you were talking about the economy, not the stock market. You do realize those are different things?

Under Bush, the Republicans overspent and took on too much debt. So Obama has taken that bad policy and tripled it, and has made things significantly worse. Lots of blame to go around for both parties.

hey julia i tell my kids they can never say "fair share" or "shared sacrifice" they are only said by someone looking for a hand out ..

julia you and your cohorts can confiscate every last dime of the top 5% in this country and we still be broke

the country would not broke if we start closing the loopholes that allow the very rich to not pay their fair share of taxes and stop putting the burden on the middle class...also the biggest burden is on the working poor and the payroll tax.

http://www.heritage.org/research/budget/wm2510.cfm
Almost all of the projected growth in federal spending other than interest payments on the debt comes from growth in spending on the three largest entitlement programs--Medicare, Medicaid, and Social Security.[1]

Solving America's deficit problem is an impossible task unless entitlement programs are reformed. The current recession, which has put a finer point on the problem of trillion-dollar deficits, should elevate the need for reform to a level not even Congress can continue to ignore.

I know the Left doesn't want to hear this, but as disgusting as farm subsidies are, what kills our budget is entitlement spending.

the "progressives" have almost accomplished their goal of bankrupting the country and blaming capitalism..

The progressives are blinded by their hate and inability to manage a check book

if you beleive in individual, liberity free market capitalism and the objective rule of law the "progressives" call you a radical..

what is this? progressives blinded by their hate? give me an f'ng break.

although i'm glad you've found some friends. on a real estate board.

julialg, you believe in free market capitalism? grand. can you tell me when that last existed? and how you might think it would exist today, given the intricacies of our global realities? i'm waiting.

if you don't think the kind of government we have doesn't affect real estate prices good luck to you aboutready..

we haven't had free market capitalism since 1913 when the income tax and the federal reserve were created.after 80 years of a mixed economy the corrupt politicians finally bankrupted yhe usa..

yes, the republicans absolutely had a tremendous influence on the real estate bubble, by ignoring every regulatory and monetary mechanism available to prevent a bubble.

this (and the end of the last, by the way) ineffectual (by both situation and politics) administration is just trying to avoid a depression.

give the politicians of either party a pot of money and you will eventually end up in a debacle.

the pot of money just goes to whomever might win. it has nothing to do with ideology. other than a few hard core democrats they all could be exchanged quite easily. the exception is the right-wing social agenda, but that doesn't have much affect in congress, because it doesn't have the votes.

face it, this was created by a regulatory disaster. SEC, etc. and that is something that is on the prior administration's watch. few people have a clue how the system works. something gets passed in congress, but it still must go to the current administration's departments to have the laws codified. and then they come out in the CFR, and guess what? they look nothing like what congress intended.

from 1776 to 1913 the purchasing power of the dollar went up;from 1913 to 2010 adollar is now worth 4 cents...great job don't ya think

make no mistake the disaster is created by the government with their big business cronies..revolving door

but julialg, how is that partisan? maybe it's all the fault of reagan? who knows?

and also, we have one of the higher standards of living generally. awful on some accounts, comparatively. i'm not sure what you're getting at. what does the value of the dollar have to do with anything if we have so many more dollars per person to spend? if your dollar figure is intended to be literal, i'd say bs. we certainly don't have 4% of the standard of living we had in 1913.

i'm confused. i'm a liberal. and i think we've done a horrible job for our people the last 30 years. but what exactly do you think? it seems to be disjointed. you just seem to want to accuse people you don't agree with.

i want the government out of my life.. leave me alone, stop taking 50% of my hard earned money to give to someone else and then tell me i have to pay more... more "shared sacrifce" i am not payig my "fair share"

julialg, sounds like you're ready for a padded room. you have no choice. but it's not like you had any choice for years.

i do believe that at one point the highest marginal tax rate was quite a bit higher?

and julialg, you don't want them out of your life at all. you've said they should have their defense budget. cut the f'ng defense budget in f'ng half and guess what? we can direct our money away from halliburton.

you liberals don't realize the danger of your ponzi scheme.. when the government can't finance their spending and debt all hell is going to break loose...the ponzi scheme will come crashing down

you right wing fanatics don't realize the costs of your defense costs. that's money spent here and now and then. how much more money might we have had but for THESE F'NG USELESS WARS that only benefitted cronies of the administration?

first of all i am an extreme libertarian not a right winger.. i want a small military and certainly don't want to have troops over seas..but i don't want any new deal or old deal or any kind of government welfare state. i want people to have maximum freedom not chains and bonds

ok, julialg, i still disagree with much of what you've said. but i hugely appreciate your putting forward your position. it can and i hope will make conversation much more intersting.

aboutready you see your philosiphy need to control people with the barrel of a gun pointed at them; while my philosiphy beleives in reason, logic and liberty.. but most people want and need to be told what to do and to be spoon feed and taken care of; they need your barrel of a gun to keep them secure..

i'm sorry, julialg, you've just left the reservation. most people desire a decent opportunity to work and support their families.

i've got a large number of books, etc. to support this quaint idea, but i doubt you'd be receptive.

julialg, for the fifth or sixth or seventh time, what ideas do you have for the economy? it's clear you're unhappy with the current direction, but WHAT ACTUAL POLICIES WOULD YOU IMPLEMENT to effect change?

Our military action in Afghanistan after 9/11 was a useless war? aboutready that is just ignorant and offensive.

A decent opportunity means the government has to get out of the way. The role of government should be to enforce law and order, provide defense and regulate against fraud. It's role should not be to take ever more from the most productive in society to redistribute to those who are well able to take care of themselves. That is what diminishes opportunity.

aboutready, tell us again about you and your toilet

aboutready
12 minutes ago
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i'm sorry, julialg, you've just left the reservation. most people desire a decent opportunity to work and support their families.

hehe, did you really just post that? You desire no work nor nothing productive to society. How can you make this statement so contradictory to your own personal beliefs? "so sad"

liccomment exactly

ask any well off 65+ person do you care that you are contributing to the bankruptcy of your children and grandchildren.... you know what they say.. i don't care i want my benifits

aboutready says lots of unintelligent things, but her comment about "useless wars" is just disgustingly offensive.

Cutting the defense budget in half has to take the prize for the most naive comment on this board.

julialg, the seniors who get benefits don't bother me as much as the government union workers who get early retirements with crazily expensive pension and health care benefits. Most of these people are entirely able to work and produce for their compensation and benefits, but they get a free ride early retirement that is bankrupting the city and state.

llccomment i agree but the entitlement mentality in this country is driving many of the problems..the union packages and the medicare debacle are both taking us down..

"yes, the republicans absolutely had a tremendous influence on the real estate bubble, by ignoring every regulatory and monetary mechanism available to prevent a bubble."

Funny, because Barney Frank (uh, a democrat) is the guy who had the power and BLOCKED reform of Fannie Mae, sayings its fine...

And the fed chair who was also responsible was put into power by... uh, get this, democrats.

Its still really funny how the Democratic party thinks it came into existence only this week.