Financial Reform: Fiscal Fiasco

 It's clear that financial reform needs to  be done in this country. But not like this.

Our US Senators have voted  to kill debate on the most extreme  manipulation of financial rules since the Great Depression: The Financial Reform Bill. This sets up a final vote which will happen later tonight.

Obama says that the bill is "a sensible framework of rules and regulations, adequate to hold financial institutions accountable." In reality its just a document that legitimizes more government control and bailouts that the American people are sick of!

Conservatives and liberals alike should be furious because this bill does NOT put enough financial "skin in the game" for mortgage lenders, and makes ridiculous patronizing concessions that will have zero positive impact on saving our economy, such as nominally giving shareholders more "decision making rights". In reality nothing is changing at all. To add salt  to the wound, these fools are adding another federal bureacracy to burn money. The Federal Insurance Office (FIO), to be contained within the Treasury Department, is intended to monitor the insurance industry and make "recommendations" about which companies should be treated as systemically important. It's just a bunch of big words for more government bloating.

Why would we trust this Administration to get anything fiscally responsible done in the first place? We shouldn't. Just think about the abject failure of the stimulus package juxtaposed with the administration's recent touting of it as a great success.

The White House's claim that Obama's $826,000,000,000 stimulus has already "saved or created" 3 million jobs is patently false. In actuality he failed to deliver on his stimulus promises by 7.4 million jobs. The American people aren't stupid. Just look at the CBS poll to the left. 74 percent of Americans believe the Obama stimulus either damaged the economy or had no effect.

The White House ruse is risible. 

Surprise, surprise, the Great Tea Party hope Scott Brown was one of three republicans to side with Obama on this one. 

We need an answer, and it's coming in November. If the American people know that the stimulus is a sham, and if the American people know that the Financial Reform Bill is nothing but more of the same spending that threatens to destroy our way of life, then why can't Congress figure it out? Frankly, I don't care why. We just need a new one. I don't want my kids being forced to speak Mandarin if they aren't living in China.

Do You Feel Stimulated?

As you must know the jobs report that just came out last Friday was abysmal and sent the Market into a tailspin. I ask you this: How can taxpayers have spent $862,000,000,000 in Obama "stimulus" and the Department of Labor reports that unemployment is still a staggering 9.7 percent? Then I ask you a follow up question: Why won't the government fess up and reveal real unemployment which is actually closer to 17 percent?

I'll tell you why. Its because they don't want to admit that the socialist agenda has been an abject failure. Joe Biden is even parading around on television professing that the stimulus has been an "absolute success". America, you know that's not the truth. You see it in your communities. You see it on the news. You know it in your mind and in your heart, because you have common sense. You won't be taken in. You know that, in an America that relies on government workers to inflate the jobs report--- often in corrupt ways--- something is horrifyingly wrong.

It is time to take the country back from the gaping jaws of socialism because its counter to our founding. It was Thomas Jefferson who said that we need a: "a wise and frugal Government, which shall restrain men from injuring one another, shall leave them otherwise free to regulate their own pursuits of industry and improvement, and shall not take from the mouth of labor the bread it has earned. This is the sum of good government, and this is necessary to close the circle of our felicities."

This can't be done by robbing loyal taxpaying citizens of their hard earned tax dollars, redistributing wealth, and giving everyone a government job! We need to let the market do its work. We need to let business flourish. And we need to keep the hand of Big Government out of our bank accounts, and leave the decision making to mothers and fathers around the kitchen table. Let the States rule or let the Big Barack Bureaucrats drive our country into the ground!

Helen Thomas finally resigned with your support. Let's force Barry out too. Maybe he'll take her advice and go live in Germany or Poland!!

Stand Tall America,


SP