Tuesday, April 27, 2010

Republicans block financial reform - like everything else


Republicans are scared. America is coming back. Jobless claims are down, GM has paid back the bailout 5 yrs ahead of time with interest and hired more workers, the banks are making money, housing market is up, and the economy is improving. The only thing the Teabaggers have to complain about is the blackness of the President.

Meanwhile the GOP has nothing to do but fuck things up, and make people pissed at government by obstructing - that IS their strategy. For example, Republicans have been blocking votes on nominees to federal posts, taking longer to confirm President Obama’s nominees to executive agencies than nominees submitted by the previous three administrations. Due to these blocks, there is a backlog of 101 executive branch nominees. THE GOP SUCCESS DEPENDS ON THE FAILURE OF AMERICA.

Goldman Sachs committed a billion dollar fraud and who comes to their defense? Republicans!

Republicans take on the SEC in defense of Goldman Sachs! Would you expect anything less?

Rep. Darrell Issa, the top Republican on the House Oversight committee, is demanding a slew of documents from the Securities and Exchange Commission, asserting that the timing of civil charges against Goldman Sachs raises “serious questions about the commission’s independence and impartiality.”

Issa’s letter, addressed to SEC Chairwoman Mary Schapiro was signed by eight other House Republicans.

These protectors and apologists of corporate fraud are the same Teabaggers that complained when they were bailed out.

Carl Levin nails it:

1 comment:

Middle Aged Minnesotan said...

You are sadly misinformed about the Government Motors payback of the loan. As I outline in Government motors government money shell game, this is a dishonest advertising campaign that doesn't mention:

o G.M. paid the loan back using money it obtained from the government. (It used government money to pay back government money).
o G.M. is attempting to get a $10,000,000,000.00 loan at a 2% lower interest rate than the $6,700,000,000.00 loan it just paid back. (It used government money to pay back government money to obtain more government money at a lower interest rate).

You also seem to be confused about how America is failing. The best thing the U.S. government could do at this point in time is set about re-industrializing the United States. Sadly, Republicans and Democrats both fail to support such a strategy. But re-industrializing doesn't mean the government having significant ownership stakes in U.S. Industry. Rather, it means setting up a government infrastructure that is conducive to American industry.