JNickel101
NAXJA Forum User
- Location
- Alamogordo, NM
....she bought her way off the list....
-
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How stupid are we, Americans? Time to clean the House and Senate
- Thread starter XJEEPER
- Start date
- Location
- Wasatch Range
Senate Majority Leader Harry Reid took his GOP-blasting rhetoric to a new level Monday, comparing Republicans who oppose health care reform to lawmakers who clung to the institution of slavery more than a century ago.
The Nevada Democrat, in a sweeping set of accusations on the Senate floor, also compared health care foes to those who opposed women's suffrage and the civil rights movement -- even though it was Sen. Strom Thurmond, then a Democrat, who unsuccessfully tried to filibuster the Civil Rights Act of 1957 and it was Republicans who led the charge against slavery.
More here.......... http://naxja.org/forum/showthread.php?t=1017350
The Nevada Democrat, in a sweeping set of accusations on the Senate floor, also compared health care foes to those who opposed women's suffrage and the civil rights movement -- even though it was Sen. Strom Thurmond, then a Democrat, who unsuccessfully tried to filibuster the Civil Rights Act of 1957 and it was Republicans who led the charge against slavery.
More here.......... http://naxja.org/forum/showthread.php?t=1017350
- Location
- Wasatch Range
Are you kidding me? Get out if the way, CapitAlism........Marxism is here!!
The Geithner/Frank Financial Regulatory Reform Plan: Permanent Bailouts of Wall Street Firms and a Government Takeover of Financial Services
H.R. 4173 makes permanent the bailout policies used to prop up AIG, Fannie Mae, Freddie Mac, GM and Chrysler, and other failing firms. The FDIC would be authorized to extend federal guarantees and loans to financially troubled firms for the sake of "financial stability," and the agency would not be required to unwind such a failing firm-certain parts of the company could be propped up indefinitely using taxpayer dollars. Since some institutions would be considered "too big to fail" (likely those that happen to be "politically significant"), bailouts are inevitable. The proposal also gives government regulators the authority to dismantle large firms even if those firms are economically healthy and well-capitalized.
H.R. 4173 restricts the use of derivatives. Derivatives encourage job creation and provide customized hedges to help businesses like farmers, grocery stores and energy companies to manage price volatility, so that retail prices can remain low and stable. Yet, H.R. 4173authorizes government regulators to arbitrarily impose capital and margin requirements for "over the counter" (OTC) derivatives, and impose new capital requirements for cleared swaps, which would lead to increased retail prices and make it less likely that corporations could engage in responsible risk management.
The bill also expands the reach of government in the financial services industry, allowing bureaucrats to determine types and terms of credit products offered to consumers,
H.R. 4173 would establish an independent agency in the executive branch to regulate financial products and services-the so called Consumer Financial Protection Agency (CFPA). An unelected "credit czar" could dictate what financial products could be offered and at what terms, drastically reducing the number of financial products available and driving up the cost of credit generally.
H.R. 4173 undermines safety and soundness by separating the regulation of protecting consumers from ensuring safety and soundness, creating a conflict between numerous existing agencies. Agencies need the ability to consider safety and soundness and consumer protection together to ensure that a balance is achieved and neither responsibility is neglected or jeopardized.
The bill provides the trial bar with a windfall by authorizing the SEC to restrict the use of arbitration agreements for disputes arising under federal securities laws (and granting similar authority to the CFPA in the consumer credit context). Arbitration agreements in the securities industry provide investors the opportunity to have their claims heard close to home, before highly trained and experienced arbitrators, in a forum that has proven to resolve disputes at least as fairly as the judicial system, and much faster and less expensively.
H.R. 4137 empowers federal regulators to impose wage controls on private sector employees. The bill requires the federal financial regulators to prescribe joint regulations that prohibit any compensation structure or incentive-based payment arrangement that encourages "inappropriate risks" by financial institutions. Firms under the jurisdiction of the proposed plan would no longer be able to make market-based determinations regarding compensation and other incentives for its employees. Instead, those decisions would be made by government bureaucrats.
http://www.gop.gov/bill/111/1/hr4173/
The Geithner/Frank Financial Regulatory Reform Plan: Permanent Bailouts of Wall Street Firms and a Government Takeover of Financial Services
H.R. 4173 makes permanent the bailout policies used to prop up AIG, Fannie Mae, Freddie Mac, GM and Chrysler, and other failing firms. The FDIC would be authorized to extend federal guarantees and loans to financially troubled firms for the sake of "financial stability," and the agency would not be required to unwind such a failing firm-certain parts of the company could be propped up indefinitely using taxpayer dollars. Since some institutions would be considered "too big to fail" (likely those that happen to be "politically significant"), bailouts are inevitable. The proposal also gives government regulators the authority to dismantle large firms even if those firms are economically healthy and well-capitalized.
H.R. 4173 restricts the use of derivatives. Derivatives encourage job creation and provide customized hedges to help businesses like farmers, grocery stores and energy companies to manage price volatility, so that retail prices can remain low and stable. Yet, H.R. 4173authorizes government regulators to arbitrarily impose capital and margin requirements for "over the counter" (OTC) derivatives, and impose new capital requirements for cleared swaps, which would lead to increased retail prices and make it less likely that corporations could engage in responsible risk management.
The bill also expands the reach of government in the financial services industry, allowing bureaucrats to determine types and terms of credit products offered to consumers,
H.R. 4173 would establish an independent agency in the executive branch to regulate financial products and services-the so called Consumer Financial Protection Agency (CFPA). An unelected "credit czar" could dictate what financial products could be offered and at what terms, drastically reducing the number of financial products available and driving up the cost of credit generally.
H.R. 4173 undermines safety and soundness by separating the regulation of protecting consumers from ensuring safety and soundness, creating a conflict between numerous existing agencies. Agencies need the ability to consider safety and soundness and consumer protection together to ensure that a balance is achieved and neither responsibility is neglected or jeopardized.
The bill provides the trial bar with a windfall by authorizing the SEC to restrict the use of arbitration agreements for disputes arising under federal securities laws (and granting similar authority to the CFPA in the consumer credit context). Arbitration agreements in the securities industry provide investors the opportunity to have their claims heard close to home, before highly trained and experienced arbitrators, in a forum that has proven to resolve disputes at least as fairly as the judicial system, and much faster and less expensively.
H.R. 4137 empowers federal regulators to impose wage controls on private sector employees. The bill requires the federal financial regulators to prescribe joint regulations that prohibit any compensation structure or incentive-based payment arrangement that encourages "inappropriate risks" by financial institutions. Firms under the jurisdiction of the proposed plan would no longer be able to make market-based determinations regarding compensation and other incentives for its employees. Instead, those decisions would be made by government bureaucrats.
http://www.gop.gov/bill/111/1/hr4173/
- Location
- Wasatch Range
http://www.ft.com/cms/s/0/8d5ef1dc-e68d-11de-98b1-00144feab49a.html
The Obama administration won a victory for its vision of financial reform on Friday, heading off a rebellion by conservative Democrats in the House of Representatives to pass a landmark regulation bill.
The legislation included a new Consumer Financial Protection Agency, an innovation fiercely opposed by banks and some Democrats.
In the final vote, 27 Democrats – and every Republican present – opposed the bill, which gives the government the power to seize and wind down a failing financial institution, to push more derivatives through clearing houses and to give investors a non-binding vote on directors’ pay.
David Hirschmann, a director of the US Chamber of Commerce, said: “While there is a laundry list of bad choices that were made by the House, the creation of the CFPA tops the list.”
The Obama administration won a victory for its vision of financial reform on Friday, heading off a rebellion by conservative Democrats in the House of Representatives to pass a landmark regulation bill.
The legislation included a new Consumer Financial Protection Agency, an innovation fiercely opposed by banks and some Democrats.
In the final vote, 27 Democrats – and every Republican present – opposed the bill, which gives the government the power to seize and wind down a failing financial institution, to push more derivatives through clearing houses and to give investors a non-binding vote on directors’ pay.
David Hirschmann, a director of the US Chamber of Commerce, said: “While there is a laundry list of bad choices that were made by the House, the creation of the CFPA tops the list.”
- Location
- Wasatch Range
http://blogs.wsj.com/law/2009/12/09/us-to-pay-34-billion-to-settle-native-american-suit/
U.S. To Pay $3.4 Billion to Settle Native American Suit
The federal government announced on Tuesday that it intends to pay that sum to settle claims that it has mismanaged the revenue in American Indian trust funds. According to the NYT’s account, the settlement could end one of the largest and most complicated class-action lawsuits ever brought against the United States.
According to the NYT story, the Interior Department manages about 56 million acres of Indian trust land scattered across the country. The government handles leases on the land for mining, livestock grazing, timber harvesting and drilling for oil and gas. It then distributes the revenue raised by those leases to the American Indians. In the 2009 fiscal year, it collected about $298 million for more than 384,000 individual Indian accounts.
The lawsuit accuses the federal government of mismanaging that money. As a result, the Indians contend that they are owed far more than what they have been paid.
Under the settlement, the government would pay to compensate the Indians for their claims of historical accounting irregularities and any accusation that federal officials mismanaged the administration of the land itself over the years.
The lawsuit may not have been this long-running, but it did span three presidencies, generate 22 published judicial opinions, and went before a federal appeals court 10 times.
Elouise Cobell, the lead plaintiff who filed the class-action lawsuit in 1996, said she believed that the Indians were owed more, but that it was better to reach an agreement that could help impoverished trust holders than to spend more years in court. She said she had originally expected the litigation to last only two or three years.
“We are compelled to settle by the sobering realization that our class grows smaller each day as our elders die and are forever prevented from receiving just compensation,“ Cobell said.
Attorney General Eric Holder on Tuesday said: “The United States could have continued to litigate this case, at great expense to the taxpayers. It could have let all of these claims linger, and could even have let the problem of fractionated land continue to grow with each generation. But with this settlement, we are erasing these past liabilities and getting on track to eliminate them going forward.”
Yup, the Government is great at managing our resources. Hey, here's another great idea, let's have them manage our healthcare!! Better yet, let's hear from the Native Americans about their great, government provided healthcare.
U.S. To Pay $3.4 Billion to Settle Native American Suit
The federal government announced on Tuesday that it intends to pay that sum to settle claims that it has mismanaged the revenue in American Indian trust funds. According to the NYT’s account, the settlement could end one of the largest and most complicated class-action lawsuits ever brought against the United States.
According to the NYT story, the Interior Department manages about 56 million acres of Indian trust land scattered across the country. The government handles leases on the land for mining, livestock grazing, timber harvesting and drilling for oil and gas. It then distributes the revenue raised by those leases to the American Indians. In the 2009 fiscal year, it collected about $298 million for more than 384,000 individual Indian accounts.
The lawsuit accuses the federal government of mismanaging that money. As a result, the Indians contend that they are owed far more than what they have been paid.
Under the settlement, the government would pay to compensate the Indians for their claims of historical accounting irregularities and any accusation that federal officials mismanaged the administration of the land itself over the years.
The lawsuit may not have been this long-running, but it did span three presidencies, generate 22 published judicial opinions, and went before a federal appeals court 10 times.
Elouise Cobell, the lead plaintiff who filed the class-action lawsuit in 1996, said she believed that the Indians were owed more, but that it was better to reach an agreement that could help impoverished trust holders than to spend more years in court. She said she had originally expected the litigation to last only two or three years.
“We are compelled to settle by the sobering realization that our class grows smaller each day as our elders die and are forever prevented from receiving just compensation,“ Cobell said.
Attorney General Eric Holder on Tuesday said: “The United States could have continued to litigate this case, at great expense to the taxpayers. It could have let all of these claims linger, and could even have let the problem of fractionated land continue to grow with each generation. But with this settlement, we are erasing these past liabilities and getting on track to eliminate them going forward.”
Yup, the Government is great at managing our resources. Hey, here's another great idea, let's have them manage our healthcare!! Better yet, let's hear from the Native Americans about their great, government provided healthcare.
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joe_peters
NAXJA Forum User
- Location
- Grants Pass, OryGun
I, for one, am quite glad that the ignorant masses seldom vote.
The ignorant masses voted in large numbers last November, and we have his highness BHO and both the senate and house controlled by Socialists.
Now, don't misunderstand me. It was time for the republicans to go.
Next time, vote MILITIA!
The ignorant masses voted in large numbers last November, and we have his highness BHO and both the senate and house controlled by Socialists.
Now, don't misunderstand me. It was time for the republicans to go.
Next time, vote MILITIA!
JNickel101
NAXJA Forum User
- Location
- Alamogordo, NM
....or better yet, Ron Paul...
- Location
- Wasatch Range
If this guy is the real deal, is the type of individual that we need representing We the People....from every State in the Union. I need to know more about Scott Brown....more importantly, the voters in Mass. need to know more about Scott Brown.
http://www.youtube.com/watch?v=OJEEQHOnI2Q
http://www.youtube.com/watch?v=OJEEQHOnI2Q
- Location
- Wasatch Range
- Location
- Rainy side of Washington
I've heard a lot of good things about Brown, my parents are pressuring me to vote for him. I'm severely tempted by Kennedy's closer alignment with my generally-libertarian views however.
XBoBJ
NAXJA Forum User
- Location
- Spencer MASS
im a fan of brown.
- Location
- Rainy side of Washington
A site I saw was saying that Kennedy had a chance, but it is really looking like it's Brown or Coakley that is going to win based on the polling returns I'm seeing. For this one I may vote for Brown even though I'll feel like the biggest hypocrite on the planet for doing it.
16guns
NAXJA Forum User
- Location
- Portsmouth,R.I.
Common Sense by Thomas Paine or Common Sense by Glenn Beck are excellent books to read.
- Location
- Wasatch Range
Americans need to bag party loyalty voting and vote for the person that you feel will uphold the Constitution and protect your Liberties and Freedoms.
I'm curious, why the feelings of hypocracy?
Boatwrench
NAXJA Forum User
- Location
- Petaluma, CA
This will be an interesting election for all americans to watch. Could it be a harbinger? I think so. As I have read, IF Brown is elected it breaks the Democratic Party's hold preventing a Republican filibuster in the Senate. If Brown is elected is it a message? a bellweather regarding National Health Care plan? or is it just an election?
To be honest, it is not my business whom the State of Massachusetts elects. I don't live nor have the right to vote there. I just think this will be a fun one tp watch and see how it plays out.
To be honest, it is not my business whom the State of Massachusetts elects. I don't live nor have the right to vote there. I just think this will be a fun one tp watch and see how it plays out.
I didn't read this whole thread, so I don't know if it was mentioned,
but the establishment of Massachusetts already stated that swearing in of the winning candidate could take up to a month, or more (well after Healthcare is slated for it's final vote).
Of course the winner of the last 'special election' in Mass was sworn in in 2 days flat (Tsongas to the House of Reps).
Guess which party he was a member of?
kdailey4315
NAXJA Forum User
- Location
- Pacifica, CA
I knew he was the real deal when he corrected someone and referred to this senate seat as the people's seat, not Ted Kennedy's seat.
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kdailey4315
NAXJA Forum User
- Location
- Pacifica, CA
Reed has already been caught in that lie. If they lose the super majority and can't ram health care down our throat then I fully expect his confirmation to take a long time. Complete BS.
kdailey4315
NAXJA Forum User
- Location
- Pacifica, CA
You are correct. This will give the Dems 59 Senators and they will be losing their super majority.
joe_peters
NAXJA Forum User
- Location
- Grants Pass, OryGun
I was raised a Democrat by Democrats, I chose to become a Republican when the Liberal Socialists took over the Democratic Party. I was so fed up with the Republicans after the Nixon crap I did vote for another Democrat--what a F-up that was.
Haven't voted for a Liberal Socialist Democrat candidate since the peanut farmer, and I never will again.
However, I have become so fed up with the Republican party I have changed to Independent.
I will register and vote MILITIA if it becomes a recognized party in Oregon.
Haven't voted for a Liberal Socialist Democrat candidate since the peanut farmer, and I never will again.
However, I have become so fed up with the Republican party I have changed to Independent.
I will register and vote MILITIA if it becomes a recognized party in Oregon.
