A majority of us voters were fooled by his eloquent speeches and encouraging promises. Over the past 10 months we have learned enough to suffer severe voters' remorse. But we'll still be paying for his irresponsible spending for generations to come. We were trusting enough to let him win our votes through promises he never intended to fulfill.
Oh Come on! just how Ignorant are you about our system that you Don’t know Any Threats ESPECIALY to Sue Congress is TOTAL B.S.! Sue All you like!
If you can’t Wrap your little brain around our own History. It’s not hard to understand why those things that go bump in the night & Healthcare SCARE you to Death!
Read it & Weep! Man, you give Republicans a Bad Name! I will Remember you Fondly ESPECIALY when the Discussions turns to the Poorly Educated!
[ Again, if im wrong just prove it to me.] < Well like everything else you’ve said , You Are!
Between the House & Senate only 5 Republicans & 51 Democrats voted against it!
11/12/1999:
NOTES ON THE FLOOR
Senator GRAMM
I rise in support of the underlying bill and in opposition to the Sarbanes substitute. We all know that legislation to overhaul the bank regulatory structure is long overdue, and I join many of my colleagues in thanking the chairman for his hard work in writing this bill and bringing it to the floor.
I will begin by quoting the words of the Senate Banking Committee report, which I believe presents a strong case for financial modernization. It states:
The argument for legislation to rationalize our financial structure is strong. Regulatory and court decisions have eliminated many of the barriers between commercial and investment banking. The barriers separating commercial banks from investment banks have been perforated in both directions. Finally, changes in the technology and practice of financial intermediation have rendered the restrictions of Glass -Steagall increasingly ineffective and obsolete.
There is nothing particularly remarkable about that language, Mr. President. In fact, those same arguments will be made by many of my colleagues here today. But what is remarkable about the statement I just read is that it comes from a committee report on banking legislation in 1991. Just as I believed those words to be significant 8 years ago, I believe them to be even more so today. Unfortunately, there was no overhaul of our banking system in 1991. And despite much hard work and a clear need for action, there has been none since. We are long overdue for this debate and I am pleased the Senate is addressing this important issue.
Freedom and free enterprise have allowed our corporate and financial institutions to respond to changing times and to adapt to a changing financial environment. But this ability has reached its limits within the confines of present law. For our financial institutions to continue to grow, to compete, and to evolve, we must give them a new legislative climate in which to operate. That is the purpose of the bill before us today.
Mr. President, our banking system is truly a model for the world. Emerging economies from Asia to Africa to Central Europe look to the United States for the blueprint and technical expertise to build an effective financial infrastructure. This is happening because we have found a remarkable balance between community banks and global institutions, between the regulators and the regulated, between the States and the Federal Government, and between ordinary people and the money they need to finance their hopes and dreams. In recent years, we have witnessed a wave of high-profile mergers, as institutions across the sectors hope to create ``synergy'' from offering a broad range of financial products to an expanding global customer base. For their part, many smaller, community-based institutions are using the new regulatory authorities to offer their customers one-stop shopping for individual financial needs--from ordinary retail banking to insurance products and securities instruments.
All of this is very important to the continued financial well-being of our Nation and to the global competitiveness of our financial services industry. However, the expansions I speak of are not taking place with the approval of the Congress and are not occurring through any action on our part to change the law. Rather, these things are happening because--as the 1991 report mentioned--court decisions and the broadened interpretations of present law by the banking regulators have allowed them to take place in an ad hoc manner. In order to access the right to affiliate with other sectors, financial companies have to jump over increasingly complicated regulatory hurdles in order to adapt and survive. It is high time Congress weighed in on this important trend. It is high time we cleared the way for these affiliations and repealed the underlying web of Depression-era restrictions on our banking industry.
That is what we accomplish in the bill before us today, Mr. President. This legislation allows companies to diversify holdings by lifting the prohibitions on affiliations among banks, insurance companies, and securities firms, thus allowing them to compete fully in a free-market environment. If Congress fails to act, we will once again limit the potential of our financial sector and we will continue to impose needless and unnecessary regulatory burdens on individual financial institutions. The other body is moving with its own legislation. The Senate needs to act now to ensure that our financial sector is on solid footing for the new century.
The bill before us repeals the Depression-era Glass -Steagall law prohibiting affiliations between commercial and investment banks. It allows banks and insurance companies
to affiliate under the same corporate umbrella. It contains provisions outlining the appropriate regulation of bank sales of insurance, and it allows banks with assets of less than $1 billion to engage in a broader range of financial services through operating subsidiaries. Of course, Mr. President, the relationships between these entities are carefully constructed to ensure institutional safety and soundness and that the taxpayer-insured deposits of retail banking institutions are protected.
The structure provided for in this legislation will end the ad hoc expansion and administration of our banking sector and provide the industry with a clear roadmap for the 21st century. In my view, it will lead to greater stability, enhanced safety and soundness, and improved choices for customers and consumers.
So I urge my colleagues to support passage of this important bill and defeat the Sarbanes substitute.
With that, I yield the floor.
Mr. LOTT addressed the Chair.
The PRESIDING OFFICER. The majority leader is recognized.
Mr. LOTT. What is the parliamentary situation?
The PRESIDING OFFICER. The time is under the control of the Senator from Texas and the Senator from Maryland.
Mr. LOTT. I yield myself time out of my leader time.
The PRESIDING OFFICER. The majority leader is recognized.
Mr. LOTT. Mr. President, I will be brief because we have to get back to this Financial Services Modernization Act. I know the two managers managing this are working on it studiously, and we will be having votes later today. It looks to me as if we can make good progress.
And its suckers like you who still think voting for that jackass was a good idea. HE HAS DONE ABSOLUTELY NOTHING HE SAID HE WOULD!!!!!. Because even he knows hes full of shit.
As far as Healthcare & Socialized Medicine. Wow You Seriously need to do some reading & Not at Partisan or Blog sites. You’re a Fish out of water on the subject, again following instead of learning the real facts.
But the bottom line is this! We as a country can hardly go preaching Humanity to other countries. When we don’t even Practice what we preach! The U.S.A. is the Last of the Industrialized Counties. Where the country & it’s inhabitance Both go Broke over Basic Healthcare. It’s Only a mater of Time when you or your employer will no longer be able to Afford Health Insurance Premiums! How do you Expect companies here to compete with that kind of Leach on their Back? How does that fit in Your version of the No Pay, No Play, Hippocratic Oath? When Insurance Companies are Rejecting Children who are Born to Fat or to Skinny!
Pay each of them $1 million apiece severance for early retirement with the following stipulations:"
40 MILLION PEOPLE TIMES 1 MILLION DOLLOARS EGUALS 4 TRILLION DOLLARS. WHERE IS THE GOVERNMENT GOING TO GET THAT KIND OF MONEY? AND DON'T SAY PRINT IT, BECAUSE THROWING THAT MUCH NEW CURRENCY ONTO THE MARKET WOULD CAUSE INFLATION TO GO UP 10 THOUSAND PERCENT. THATS WHAT HAPPENED IN ZIMBABWE, THEY STARTED PRINTING SO MUCH MONEY THAT IT DEVALUED THE CURRENCY TO THE POINT THAT IT NOW COSTS 500 MILLION DOLLARS TO BUY A LOAF OF BREAD IN THAT COUNTRY. NOT KIDDING.
Owning a business and trying to get as wealthy as you can is bad for America?!! It's the AMERICAN DREAM. Who the hell wants to be poor?
Punishing big corporations for making profits?? Where the hell do you think your 401k's are invested in?!!! Who employs you?!!
Spread the wealth? To whom? Why? Would you if you were rich? Get your own, you can achieve anything with HARD WORK & DETERMINATION. Why would anyone even try if they know it's going to be taken away and given to those who are able to achieve it themselves, but are too lazy to try??
"Yet magically, I have enjoyed Fox Entertainment/News Network since the Simpsons first season. Let me explain it to you, I have( until July of '09), dialed my 13inch black and white TV to UHF channel 36 and adjusted the antenna. But you know nothing about UHF do you?"
THE NETWORK FOX AND THE FOX CABLE NEWS CHANNEL ARE COMPLETELY DIFFERENT THINGS. FOX NETWORK GIVES YOU LOCAL NEWS FOR A HALF HOUR WITH A SPRINKLING OF NATIONAL NEWS. THE FOX CABLE NETWORK IS A 24 HOUR NEWS STATION DEVOUTED TO ALL THINGS CONSERVATIVE. THERE ARE NO SIMPSONS OR FAMILY GUY ON THIS CHANNEL. JUST REPUBLICAN TALKING POINTS.
I bet you have a great big plasma-screen to better appreciate your indoctrination. And if you worked for it, you deserve all 52 inches of it. Hey, here is progressive thought; give me your television and we will some have social justice.
I DON'T. ITS A 1992 TOSHIBA WITH A DISCOLORATION IN ONE CORNER. AND "give me your television "? YOU OF ALL PEOPLE, BEING A CONSERVATIVE, SHOULDN'T BE LOOKING FOR A HANDOUT. WHY DON'T YOU WORK FOR A TELEVISION YOU LAZY BUM? AND HOW IS THAT A PROGRESSIVE THOUGHT? YOU NEED TO PICK UP A DICTIONARY.
"After all, I live in this piss-poor neighborhood and I 'm a minority."
WHAT NEIGHBORHOOD? YOU PROBLY LIVE IN TEMPERANCE MICHIGAN. AND I SERIOUSLY DOUBT YOU ARE A MINORITY, UNLESS YOUR REFERRING TO BEING CONSERVATIVE. IN THAT CASE YOUR AN ENDANGERED SPECIES. I LIVE OFF ARCHADIA NEAR CHERRY ST. TRUST ME, MY NEIGHBORHOOD IS WORSE.
"Here is a conservative thought for you, I would be the last person on my block to have a 52inch plasma-screen tv!"
HOW IS THIS A CONSERVATIVE THOUGHT? I DON'T THINK YOU UNDERSTAND THE DEFENITION OF CONSERVATIVE, (WHICH IS TO CONSERVE ONES TRADITIONAL VALUES). WHAT YOU PURCHASE HAS NOTHING TO DO WITH IT. REMEMBER WHEN GEOURGE W BUSH ASKED YOU TO GO SHOPPING TO SAVE THE ECONOMY AFTER 9/11?
"I just want the plasma-screen, ps3, subwoofer, 22 inch rims with the spinners and a food stamp-card like the rest of my neighbors."
SO PULL YOURSELF UP BY YOUR OWN BOOTSTRAPS AND GO ACHIEVE IT. THATS WHAT MOST REPUBLICANS SAY. ARE YOU NEW TO BEING A CONSERVATIVE? AND DIDN'T YOU JUST SAY YOU WOULD BE THE LAST PERSON TO HAVE A PLASMA SCREEN?
"Don't fucking talk to me about being a racist. "
I DIDN'T. MOVING ON.
"Better yet, come down to my neck of the woods and get schooled on how "poor people" are living these days."
ONCE AGAIN, I LIVE IN A LOW INCOME AREA. BUT IT IS WHAT YOU MAKE IT. I HAVE NO HEALTH INSURANCE AND I AM WORKING 2 JOBS TO PUT MYSELF THROUGH SCHOOL. SO IN A SENSE, I'M MORE CONSERVATIVE THAN YOU. BECAUSE I AM TRYING TO BETTER MYSELF AND PAY MY OWN WAY, WHILE YOU JUST BITCH ABOUT WHERE YOU LIVE WITHOUT DOING ANYTHING ABOUT IT, MEANWHILE BLAMING OTHERS FOR YOUR SITUATION. AND WHY DID YOU PUT QUOTATIONS AROUND POOR PEOPLE? ARE YOU DIRECTLY QUOTING SOMEONE OR USING IT AS A HYPOTHETICAL TERM AND IMPLYING THAT POOR PEOPLE DON'T EXIST?
"Just leave your Toyota Prius in your two-car garage and don't wear the wrong colors."
I DON'T DRIVE A PRIUS, AND I DON'T HAVE A GARAGE. FUNNY, USUALLY IT'S CONSERVATIVES WHO HAVE THE MONEY. AND "DON'T WEAR THE WRONG COLORS"? GANGS DON'T REALLY USE COLORS AS MUCH ANYMORE. NOT TO THE POINT WHERE THEY RANDOMLY ASSAULT PEOPLE FOR WEARING A DIFFERENT GANGS UNINTENTIONALY. I KNOW, I LIVE HERE. SERIOUSLY HOW MANY CRIMES DO YOU HEAR ABOUT IN YOUR HALF HOUR NEWS COVERAGE ABOUT RANDOM PEOPLE BEING ASSAULTED FOR WEARING THE WRONG COLORS? THIS ISN'T 1992 OAKLAND.
At his highest rating, Glenn Beck represents 1% of the U.S. population, NOT HALF.
If you guys had retained anything you learned in school you would understand that.
To be fair, roughly half of Americans are conservative. But Glenn Becks radical views and "what if this happens!?!" headlines do not speak for all republicans. For the most part republicans are rashional people who are entitled to thier own views. But those guys aren't the ones posting here on craigslist. The ones posting here are that crazy bottom 1%
TPS plans on swapping land with the city. Longfellow will be moved by the new Start High School, behind Miracle Mile on the edge of Washington Local Schools. The old Longfellow will be torn down and the city will become owners of the empty lot.
II. Remember that god only speaks to us. He told us to invade countries and kill hundreds of thousands of women and children. He also told us that the middle class was an abomination that must be destroyed swiftly and completely. Otherwise they might have time to vote or ask questions instead of waiting in that bread line like a good peasant.
III. Thou shalt only utter NO! to all ideas that do not come from a bonefied conservative.
IV. Remember tax day, April 15th, and protest it like a hippie.
V. Honor thy father and thy mother until they are too old and sick to care for. Then throw them in a bankrupt medicaid/social security fund to fend for themselves and die broke sick and burdened. If they didn't acomplish enough in thier live to afford it, it's thier own dam fault. They should have seen that fire/cancer/plane crash/lay-off/war or any other life changing event that changed thier prosperity coming.
VI. Thou shalt not kill, except if they are not conservative, Caucasian, and Christian. And especially if you have an unwanted, unborn baby. That rapist deserves to have you bear his child.
VII. Thou shalt not commit adultery if you are conservative or a Republican. Instead, call it a hiking trip or try desperatly to change the subject. We are, after all, supposedly the moral ones here.
VIII. Thou shalt not steal, until you've been elected to public office. Only then is it acceptable to take money from hard-working, successful citizens(tax dollars) and give it to military contractors in no-bid contracts to pretend to rebuild a country we shouldn't have destroyed in the first place.
IX. Thou shalt not discriminate against thy neighbor unless they are not conservative, Caucasian, or Christian.
X. Thou shalt not covet because it is only natural for 1% of the population to control more then half of ALL wealth in the world, While a starving 2 BILLION, with a B, live on less then a dollar a day and have to spend most of thier time just looking for drinkable water.
II. Thou shalt not make unto thee any graven image, unless it is my face carved on Mt. Rushmore.
III. Thou shalt not utter my middle name in vain (or in public). Only I can say Barrack Hussein Obama.
IV. Remember tax day, April 15th, to keep it holy.
V. Honor thy father and thy mother until they are too old and sick to care for. They will cost our public-funded health-care system too much money.
VI. Thou shalt not kill, unless you have an unwanted, unborn baby. For it would be an abomination to punish your daughter with a baby.
VII. Thou shalt not commit adultery if you are conservative or a Republican. Liberals and Democrats are hereby forgiven for all of their infidelity and immorality, but the careers of conservatives will be forever destroyed.
VIII. Thou shalt not steal, until you've been elected to public office. Only then is it acceptable to take money from hard-working, successful citizens and give it to those who do not work, illegal immigrants, or those who do not have the motivation to better their own lives.
IX. Thou shalt not discriminate against thy neighbor unless they are conservative, Caucasian, or Christian.
Sheldon, the "garbage" is those who don't know what a long form birth certificate is and are easily swayed by the COLB (certificate of live birth) and foolishly oppose those out to educate folks about the big difference.
The long form birth certificate includes
"information missing from the short-form document for Obama published online, including the name of the hospital, the name of the attending physician, name and address of the parents, the race of the parents and the race of the baby."
Apparently the fraud and foreigner's status was known by the deceitful and treacherous DNC, and to assume Obama was "duly elected" fails to seriously take into account ACORN fraud, massive foreign contributions unaccounted for, etc.