Posts Tagged ‘Gramm/Leach/Bliley’

“Paul Ryan: A Gift to Democrats”

This article has been posted on The Huffington Post on August 27.

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Ryan is Romney’s choice for his 2012 running mate.

Just over a week ago Republican Presidential hopeful, Mitt Romney, selected, Representative Paul Ryan, from Wisconsin’s 1st District to be his Vice President.

The selection was a surprise to many on both the right and the left. Most had narrowed the field down to Senator Rob Portman or the ex-Governor from Minnesota, Tim Pawlenty.

Was the professed deficit hawk a good choice?

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Posted in Economy, HuffPost Articles, Politics, Romney2012, Taxes | 1 Comment »

“Where Would We Be If…”

This article has been accepted by The Huffington Post for publication.

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…we didn’t have the safety nets established years ago?

As Republicans strive to strip the programs that prevented us from falling into another Great Depression their arguments are devised to distract us from the truth.

Programs like Social Security and the Federal Deposit Insurance Corporation, put into place after the financial collapse in the 1930’s, were borne of the pain and suffering millions of hard-working people endured throughout the thirties.

Where would we be today without them?

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Posted in HuffPost Articles, Politics, Republican Crises, Social Net, UnAmerican | Comments Off

“Financial Ruin: A Republican Legacy!”

The right continues to push U.S. into a deep financial abyss!

Holding Republicans responsible for the damage they’ve caused over the past three decades should be our first priority. And the damage is unprecedented.

The mid-term elections and the rise of the Tea Party has again changed the political landscape so it is even more imperative that the American people start paying attention to the reasons we’re in this incredible mess and why we’re sliding back into recession.

In the second article in the Republican Crises Series, “Financial Crisis: Made in America by Republicans,” eleven different events that have caused pain and suffering for the American people are listed.

Have Republican policies ruined America?

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Posted in Economy, HuffPost Articles, Politics, Republican Crises | Comments Off

“A Missive to Senator Coburn…and Others!”

Senator Coburn’s appearance on The Kudlow Report prompted a response!

As I watched Senator Coburn on the “Almost Fox” Kudlow Report I realized that though he was being asked directed questions there were holes in the Senator’s responses regarding the causes, the stagnation, and solutions of our current financial situation.

There were many causes, and some signs of improvement, but not for everyone. Solutions are varied and some have better ideas than others.

The following is the letter I sent to the Senator today, 7/24/2010:

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Senator Coburn,

I watched and listened to you on The Kudlow Report last Friday, talking about the economy and financial regulation, with extreme interest.

I’ve been impressed in recent months with some of your positions and a few of your statements and comments. CNBC loves using your clip stating that Congress is incompetent. And, like you, I wonder who the 18% are that think otherwise. You see, it has dropped since your original declaration.

There are a lot of reasons for Congress’s declining approval rating and recent legislations are a big part of that decline. In your segment on Kudlow you were right about a few things, but clearly not all. Read the rest of this entry »

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Posted in Economy, Politics | Comments Off

“A Half-Fast Bill and Premature Evacuation!”

Powerful Financial Regulation would be good for all Americans!

The Senate passed their version of financial regulation, (S.3217) ‘The Restoring American Financial Stability Act of 2010.’ It now moves to conference to be melded with the House Bill, (HR4173) officially called ‘The Wall Street Reform and Consumer Protection Act of 2009,’ which passed the House 223-202.

Majority Leader, Harry Reid, with the help of Democrats and a few Republicans, in a moment of premature evacuation brought a half-fast piece of legislation to the floor without addressing or revisiting some of the most important amendments up for consideration.

Despite passing with a vote of 59 to 39, the Bill is weak and falls far short of its potential of fixing a messed up banking system, economy, the gambling on derivatives, and the Federal Reserve. Several amendments were added to strengthen the bill, but some of the most important failed to pass or were not brought up for vote. And there is little hope that it will get fixed in Conference.

Conferencing of the Bill will be conducted by Senators Shelby, Chambliss, Lincoln and Representative Barney Frank and a few others. But is it salvageable?

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Posted in Finance, Wall Street | 5 Comments »