Posts Tagged ‘financial reform’

Quick Hit: “Reconsillyation?”

Can we expect good  financial legislation out of this Conference?

Members of the House of Representatives and the Senate are meeting to hammer out a financial regulation bill that will be legislation for the ages!

It’s doubtful given the make up of the selectees forming the committee.

The obvious deficiencies in the conferees from the Senate are well documented in the recent article, “Are You Shitting Me?

It’s a little more difficult to judge the predisposition of the House representatives involved in this process. There are more conferees from the House and they represent smaller, more local segments of the country.

But, if John Boehner’s smoke screen and Ed Royce’s opening statement are any indication of the direction the Republican’s are going we can’t expect much help ‘for the people’ from them.

Reforming Fannie Mae and Freddie Mac will be necessary as we exit this recession. The problems at the mortgage giants are enormous and must be approached in the near future as a pressing and separate issue. But, Boehner, Royce and Republican’s use them as a diversion from their complicity in the financial meltdown.

If Fannie and Freddie are a separate issue, why do they keep pushing to include them in this financial regulation bill that they already claim is too many pages?

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Posted in Congress, Economy, Finance, Politics | Comments Off

“The Evaporation of Hope!”

Just two short years ago we were promised hope and change!

After 8 years of a disastrous administration we, Independents like myself, Democrats, and some disgruntled Republicans voted Barack Obama into the office of President over the tired, old, destructive platform of John McCain.

The need for change was obvious and the promise of hope exhilarating. We had a dynamic, charismatic candidate that offered promise for the future; an opportunity to right the wrongs of the previous administration and 12 years of a destructive Congress.

It was clear that Obama understood the needs of the people and would work hard to restore the balances that make this country great! There had been a long, slow, painful 30 year erosion of that balance and America was in an agonizing death spiral. Obama promised to reverse that!

But, as an Independent, a year-and-a-half into his Presidency, I’m wondering…

Where is the change that millions of Americans were hoping for?

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Posted in Economy, Politics, Rebalancing America | Comments Off

“Corruption: With a Lot of Help from Their Friends!”

Congresses love of corporate campaign money influences their vote and is eroding our democracy!

For an American citizen to run for elected federal office today requires huge sums of money; well beyond the imaginations of our Founding Fathers. Clearly they didn’t envision this.

Nor did the wise patriots that constructed the Constitution envision ‘professional’ politicians. They anticipated regular citizens becoming politicians to help run the government ‘for the people,’ then returning to private life after fulfilling an honorable and short-term patriotic duty ‘to the people’ of this great country.

Pure and uncorrupted democracy.

We no longer have a pure, uncorrupted form of democracy. It’s been stained by dirty corporate money; a malodorous patina that may take years to expunge.

It’s obvious things have changed in the electoral process and in the makeup of Congress. Not necessarily for the good. Corruption at varying levels permeates the halls of Capitol Hill. American’s are disgusted and outraged at Congress, evidenced by their current approval rating of 18 percent.

The People’ no longer matter in the modern operation of our government.

Why? And at what point did ‘the people’ lose control? Read the rest of this entry »

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Posted in Politics | 2 Comments »