Showing posts with label Republican deregulation of business and industry. Show all posts
Showing posts with label Republican deregulation of business and industry. Show all posts
Thursday, June 14, 2012
Saturday, February 14, 2009
The gamble the Repukes are willing to take on the United States
The Republicans set up this magnificently bad current financial scenario for us by pushing for and getting deregulation of the banking industry.
Now we have to pay for it, the United States and the whole world.
We took this collapse of the financial system to them by selling all these damnable, crappy, formerly illegal home loans which were then sold as "assets" to other institutions here and around the world--'cuz, hey, the United States plays clean, right?--and now we all get to wallow in horrible bank assets as we watch the world's economy come down around us.
So now, the Democratic President is scrambling with his--our--government and those same financial institutions in order to both clean up the mess and get us all back on solid footing again so we can make a living, feed our families and go about the day-to-day job of living and what do those same Republicans do?
Why, they vote against the plan because 1)they don't think it will work and 2)they honestly--but privately (with the exception of Rush Limbaugh) don't want it to work so the American voters can get desperate again and vote the only other political party back into power.
The selfish gits.
That's exactly what's happening.
If President Obama and his administration are successful in cleaning up this financial toxic waste dump and/or turning around this economy, they can kiss their chances of being back in power away for a generation or more.
And the Republicans know it and know it well.
So if you figure they're going to do the right thing, the statesmanlike thing, for the country--as they should, God knows--fuhgedaoudit.
Ain't gonna happen.
No way.
The Republicans figure it's a huge mess and they don't want their fingerprints on the next 4 years.
They want this President to hang in the wind with this financial crisis.
In order to support their own, selfish, self-centered Republican interests, they're only too happy to risk taking down the United States.
If you don't think the stakes are that high in this crisis, check out the front page of The New York Times yesterday, Friday, February 13. See the article about how there are still many big banks that are in trouble and that they may collapse.
Then it starts looking and sounding a great deal more like 1929, folks.
But the Republicans are all too eager to take that bet on the future of the United States and your and my future.
Now we have to pay for it, the United States and the whole world.
We took this collapse of the financial system to them by selling all these damnable, crappy, formerly illegal home loans which were then sold as "assets" to other institutions here and around the world--'cuz, hey, the United States plays clean, right?--and now we all get to wallow in horrible bank assets as we watch the world's economy come down around us.
So now, the Democratic President is scrambling with his--our--government and those same financial institutions in order to both clean up the mess and get us all back on solid footing again so we can make a living, feed our families and go about the day-to-day job of living and what do those same Republicans do?
Why, they vote against the plan because 1)they don't think it will work and 2)they honestly--but privately (with the exception of Rush Limbaugh) don't want it to work so the American voters can get desperate again and vote the only other political party back into power.
The selfish gits.
That's exactly what's happening.
If President Obama and his administration are successful in cleaning up this financial toxic waste dump and/or turning around this economy, they can kiss their chances of being back in power away for a generation or more.
And the Republicans know it and know it well.
So if you figure they're going to do the right thing, the statesmanlike thing, for the country--as they should, God knows--fuhgedaoudit.
Ain't gonna happen.
No way.
The Republicans figure it's a huge mess and they don't want their fingerprints on the next 4 years.
They want this President to hang in the wind with this financial crisis.
In order to support their own, selfish, self-centered Republican interests, they're only too happy to risk taking down the United States.
If you don't think the stakes are that high in this crisis, check out the front page of The New York Times yesterday, Friday, February 13. See the article about how there are still many big banks that are in trouble and that they may collapse.
Then it starts looking and sounding a great deal more like 1929, folks.
But the Republicans are all too eager to take that bet on the future of the United States and your and my future.
Sunday, October 5, 2008
Don't look here for your "warm and fuzzies" (read: reassurance)
More irony from the new land of Socalism, on top of our Fascism:
So the Europeans met this weekend, to deal with their problems of tight credit and guess what? Their land of Socialism thinks it's a bad idea to throw billions of dollars at their financial institutions, to shore up the problems.
So here we have the United States of America, home to Capitalism with a capital C, and our love of and preference for what we like to call and be "free markets" and which area throws three quarters of a trillion dollars at the problem--the US or Socialistic Europe?
Why, the United States, of course.
That "free market" stuff? We only mean that when things are going well.
Like it's been said, on the way up--in the good time--we're all "small government" and unregulated markets.
If it tanks?
Oh, yeah, then we're all for big government. THEN we want Uncle Sam to step in.
It all makes sense.
We gotta keep those wealthy people happy, right?
(While yer at it, throw in $140 more billion in tax deductions for these other areas, too, okay Senator?)
But the grossest insanity and hypocrisy and irony of all this is that now, the very people who created this mess--the banks themselves--and the people who helped create this mess--the Republican Party and, specifically, the current Presidenial Administration--are the very people we are entrusting to take this boondoggle of money and fix the problem.
Think about that. It's incredible.
The very people who HATE government and have made that clear are the ones we've given nearly a trillion dollars to, to clean up the very mess they themselves made.
It's like giving an alcoholic more alcohol to help him quit drinking.
Does this sound like a good idea to anyone?
All this on top of the facts that we are in completely new financial/economic territory where we aren't even sure what the rules are. Economists aren't even sure what is up and what is down.
What makes anyone think politicians, armed with billions of our tax dollars can straighten this mess out--quickly, as we need, or even slowly?
This bailout is going to make Hurricane Katrina look like a national picnic, instead of the travesty it was--and still is.
And, like "heckuva job" Brownie, regarding Katrina and Don Rumsfeld concerning Iraq and rendition and torture, and so many people in this administration, "W" is going to just walk away.
I don't recognize this country any longer.
So the Europeans met this weekend, to deal with their problems of tight credit and guess what? Their land of Socialism thinks it's a bad idea to throw billions of dollars at their financial institutions, to shore up the problems.
So here we have the United States of America, home to Capitalism with a capital C, and our love of and preference for what we like to call and be "free markets" and which area throws three quarters of a trillion dollars at the problem--the US or Socialistic Europe?
Why, the United States, of course.
That "free market" stuff? We only mean that when things are going well.
Like it's been said, on the way up--in the good time--we're all "small government" and unregulated markets.
If it tanks?
Oh, yeah, then we're all for big government. THEN we want Uncle Sam to step in.
It all makes sense.
We gotta keep those wealthy people happy, right?
(While yer at it, throw in $140 more billion in tax deductions for these other areas, too, okay Senator?)
But the grossest insanity and hypocrisy and irony of all this is that now, the very people who created this mess--the banks themselves--and the people who helped create this mess--the Republican Party and, specifically, the current Presidenial Administration--are the very people we are entrusting to take this boondoggle of money and fix the problem.
Think about that. It's incredible.
The very people who HATE government and have made that clear are the ones we've given nearly a trillion dollars to, to clean up the very mess they themselves made.
It's like giving an alcoholic more alcohol to help him quit drinking.
Does this sound like a good idea to anyone?
All this on top of the facts that we are in completely new financial/economic territory where we aren't even sure what the rules are. Economists aren't even sure what is up and what is down.
What makes anyone think politicians, armed with billions of our tax dollars can straighten this mess out--quickly, as we need, or even slowly?
This bailout is going to make Hurricane Katrina look like a national picnic, instead of the travesty it was--and still is.
And, like "heckuva job" Brownie, regarding Katrina and Don Rumsfeld concerning Iraq and rendition and torture, and so many people in this administration, "W" is going to just walk away.
I don't recognize this country any longer.
Sunday, September 7, 2008
A riddle
What Presidential candidate's adopted son resigned this past July for "personal reasons" from Silver State Bank, in Nevada--the one that was seized this past Friday evening by the FDIC?
Clue: His father owns WAY more than one home.
Clue No. 2: It's close to Arizona.
Find the answer here (as though you need it): http://www.reuters.com/article/ousiv/idUSN0530678420080906
From the article: "The failure is expected to cost the FDIC deposit insurance fund between $450 million and $550 million."
Translation: at or near one-half billion dollars.
God, if we lose the election, I'll never be able to explain it--or figure it out.
Clue: His father owns WAY more than one home.
Clue No. 2: It's close to Arizona.
Find the answer here (as though you need it): http://www.reuters.com/article/ousiv/idUSN0530678420080906
From the article: "The failure is expected to cost the FDIC deposit insurance fund between $450 million and $550 million."
Translation: at or near one-half billion dollars.
God, if we lose the election, I'll never be able to explain it--or figure it out.
Saturday, September 6, 2008
The people bringing you Socialism
Sure a bank failed last night--the nation's 11th this year--as I predicted but hoped wouldn't happen. But the big news, along with this bank failure, is the government stepping in to "seize" Fannie Mae and Freddie Mac.
That's gonna hurt.
For people in the industry, it was writing on the wall but to the rest of the American public, it's news. And it's gonna cost.
It'll be billions. Literally.
Of all the things that's to be said about all this--and there is a lot--what's ironic is that, if, indeed, we are slipping into more and more Socialism here--and we seem to be--it is the Republicans that have brought it about.
Let there be no doubt.
It was the Republicans who brought us the deregulated banking industry, which took us to all the high profits from bad loans that were handed out like so much candy, which begat this credit crisis and collapse of the banking industry.
So why would anyone put faith and trust back in Republicans, of all groups, at this time, by considering or even voting for that old rich white man, Sen. McCain (or "John Bush" as he was just referred to at the Republican National Convention this week, albeit unintentionally)? He is, as he himself said, unaware of how the financial system works.
Crazy.
Stay tuned, folks. It ain't over and it's gonna get uglier before it gets better.
That's gonna hurt.
For people in the industry, it was writing on the wall but to the rest of the American public, it's news. And it's gonna cost.
It'll be billions. Literally.
Of all the things that's to be said about all this--and there is a lot--what's ironic is that, if, indeed, we are slipping into more and more Socialism here--and we seem to be--it is the Republicans that have brought it about.
Let there be no doubt.
It was the Republicans who brought us the deregulated banking industry, which took us to all the high profits from bad loans that were handed out like so much candy, which begat this credit crisis and collapse of the banking industry.
So why would anyone put faith and trust back in Republicans, of all groups, at this time, by considering or even voting for that old rich white man, Sen. McCain (or "John Bush" as he was just referred to at the Republican National Convention this week, albeit unintentionally)? He is, as he himself said, unaware of how the financial system works.
Crazy.
Stay tuned, folks. It ain't over and it's gonna get uglier before it gets better.
Monday, August 11, 2008
How much longer 'til these clowns are out of office?
I knew this would happen. I knew the Bushies would try to slip their friends in the corporate world more and more bonuses and gifts in these last, waning months of the administration and here it comes, today:
Bush administration to relax parts of Endangered Species Act (AP)
Check this out:
"Parts of the Endangered Species Act may soon be extinct. The Bush administration wants federal agencies to decide for themselves whether highways, dams, mines and other construction projects might harm endangered animals and plants."
"New regulations, which don't require the approval of Congress, would reduce the mandatory, independent reviews government scientists have been performing for 35 years, according to a draft first obtained by The Associated Press."
I said it much earlier in the year. That is, that these clowns will try to dismantle all they can while still in office this year, in an effort to give Big Business more and more of what they want. It was an easy prediction and like I said, here it is.
But these guys get really pushy and outrageous. Look at this quote: "The draft rules would bar federal agencies from assessing the emissions from projects that contribute to global warming and its effect on species and habitats."
What a hoot. Not only do they want to roll back our already-established laws but they "bar federal agencies from assessing...emissions."
Man, they're good, aren't they?
Unbelievable.
What chutzpah.
These guys have major cajones.
They are, in effect, rewriting our laws, all by themselves. They take out Congress. They take out the courts--everything and everybody. It's just them. They are the only branch of government. Period. It's done.
There needs to be major lawsuits over this. This is against the constitution, once again, from this administration.
Then, to add insult to insanity, they say they're doing it to "protect...species".
Yeah, no kidding.
Interior Secretary Dirk ("Diggler") Kempthorne said "We need to focus our efforts where they will do the most good. It is important to use our time and resources to protect the most vulnerable species. It is not possible to draw a link between greenhouse gas emissions and distant observations of impacts on species."
But wait. As usual with these guys, there's more:
"If approved, the changes would represent the biggest overhaul of the Endangered Species Act since 1986. They would accomplish through regulations what conservative Republicans have been unable to achieve in Congress: ending some environmental reviews that developers and other federal agencies blame for delays and cost increases on many projects.
"The changes would apply to any project a federal agency would fund, build or authorize that might harm endangered wildlife and their habitat. Government wildlife experts currently perform tens of thousands of such reviews each year."
'"If adopted, these changes would seriously weaken the safety net of habitat protections that we have relied upon to protect and recover endangered fish, wildlife and plants for the past 35 years," said John Kostyack, executive director of the National Wildlife Federation's Wildlife Conservation and Global Warming initiative.'
So get this straight: your own government, headed by George W. Bush, is stripping the EPA and government of its own ability to evaluate the effect emissions will have on nature and then saying they're doing it to "protect the most vulnerable species."
If this isn't more Orwellian double-speak, there isn't any.
Again, thanks to all those who voted--even once--for this clown and this administration. We'll be cleaning up his messes for years to come, both here at home, with the environment and our own government and in Iraq and 'round the world, literally.
Go to the following site and tell Secretary Kempthorne to keep our national law and the Endangered Species Act the way it is, for good reason:
http://www.doi.gov/contact.html
Additionally, write your Senators and Representatives about this. Let them know this is completely unacceptable. This is one easy way, right from your computer in your home, to take important action.
(See the original article here: http://news.yahoo.com/s/ap/20080811/ap_on_go_ca_st_pe/bush_endangered_species)
Bush administration to relax parts of Endangered Species Act (AP)
Check this out:
"Parts of the Endangered Species Act may soon be extinct. The Bush administration wants federal agencies to decide for themselves whether highways, dams, mines and other construction projects might harm endangered animals and plants."
"New regulations, which don't require the approval of Congress, would reduce the mandatory, independent reviews government scientists have been performing for 35 years, according to a draft first obtained by The Associated Press."
I said it much earlier in the year. That is, that these clowns will try to dismantle all they can while still in office this year, in an effort to give Big Business more and more of what they want. It was an easy prediction and like I said, here it is.
But these guys get really pushy and outrageous. Look at this quote: "The draft rules would bar federal agencies from assessing the emissions from projects that contribute to global warming and its effect on species and habitats."
What a hoot. Not only do they want to roll back our already-established laws but they "bar federal agencies from assessing...emissions."
Man, they're good, aren't they?
Unbelievable.
What chutzpah.
These guys have major cajones.
They are, in effect, rewriting our laws, all by themselves. They take out Congress. They take out the courts--everything and everybody. It's just them. They are the only branch of government. Period. It's done.
There needs to be major lawsuits over this. This is against the constitution, once again, from this administration.
Then, to add insult to insanity, they say they're doing it to "protect...species".
Yeah, no kidding.
Interior Secretary Dirk ("Diggler") Kempthorne said "We need to focus our efforts where they will do the most good. It is important to use our time and resources to protect the most vulnerable species. It is not possible to draw a link between greenhouse gas emissions and distant observations of impacts on species."
But wait. As usual with these guys, there's more:
"If approved, the changes would represent the biggest overhaul of the Endangered Species Act since 1986. They would accomplish through regulations what conservative Republicans have been unable to achieve in Congress: ending some environmental reviews that developers and other federal agencies blame for delays and cost increases on many projects.
"The changes would apply to any project a federal agency would fund, build or authorize that might harm endangered wildlife and their habitat. Government wildlife experts currently perform tens of thousands of such reviews each year."
'"If adopted, these changes would seriously weaken the safety net of habitat protections that we have relied upon to protect and recover endangered fish, wildlife and plants for the past 35 years," said John Kostyack, executive director of the National Wildlife Federation's Wildlife Conservation and Global Warming initiative.'
So get this straight: your own government, headed by George W. Bush, is stripping the EPA and government of its own ability to evaluate the effect emissions will have on nature and then saying they're doing it to "protect the most vulnerable species."
If this isn't more Orwellian double-speak, there isn't any.
Again, thanks to all those who voted--even once--for this clown and this administration. We'll be cleaning up his messes for years to come, both here at home, with the environment and our own government and in Iraq and 'round the world, literally.
Go to the following site and tell Secretary Kempthorne to keep our national law and the Endangered Species Act the way it is, for good reason:
http://www.doi.gov/contact.html
Additionally, write your Senators and Representatives about this. Let them know this is completely unacceptable. This is one easy way, right from your computer in your home, to take important action.
(See the original article here: http://news.yahoo.com/s/ap/20080811/ap_on_go_ca_st_pe/bush_endangered_species)
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