Obama: New Consumer Protections 'essential'

[73pomy]

ARON MIZRACHI AND PARTNER MOSHE GOTLIEB ANTI ZIONIST JEWS PROTEST IN MONTREAL look at this video here on you tube.

[teamrn]

Too bad the Pres has no patience for debate. That's what this country was founded upon; and he was a professor or Constitutional Law? The US or A needs one more bureaucratic agency like it needs a hole in the head! This is one more example of someone thinking/being CONVINCED that a 'nanny state' is the best for American citizens. Whatever happened to personal responsibility?

[Micaiah2004]

Nobama is full of S***. Bunch of B.S.

You are the problem, nobama, not wasted more taxpayer money on the Consumer Financial Protection Agency... You are full of S***.

We have enough statutes, regs, and enforcement powers; Leave the regulators to get after these wrongdoing, instead of politicizing them with ACORN and your other crooked FNM/FRE appointees. YOU NOBAMA IS THE PROBLEM. GET OUT OF OFFICE.

[screeniedrop]

Another big mess up economy....

[jimisback]

Sounds like tax laws.

[beauzackosta]

Because you people are too stupid to make smart decisions, my administration will take care of you. Don't worry, you just mindlessly mill around until the next election so you can re-elect my nanny-ass. Go play video games or shop.... go, uh, walk an old lady across the street. Oh, and make sure your tires are inflated - and get your vehicles tuned up. Thank you, Obama out!

[iLuvAkeys4ever]

beauzsackosta: you stated the truth some americans are too stupid and some of them were misled. 10 million unemployed and when the man comes up with the best way to stop this from happening agains dumbasses like yourself comment the foolish way you did. So fuck off you idiot. Obama is the man for the job. Arseholes like you are what caused all these problems in the first place. FUCK OFF ARSEHOLE!

[beauzackosta]

Why is it true that some americans are too stupid? After all, the govt runs the education system. I bet all of those idiots that were so easily misled believe that the U.S. is evil and that SUV's kill polar bears - oh, and I bet they all voted for Obama.

The problem started with politicians in D.C. trying to help out the people that are too stupid and easily misled. Affordable housing, don't-ask-too-many-questions loaning practices were all a result of govt intervention in banking.

[beauzackosta]

Obama, specifically, represented ACORN in their radical pursuit of "affordable housing". The govt pressured banks to loan money to people to buy houses they couldn't afford. Those people gambled and lost. They should have learned a valuable lesson - instead, they learned that the govt will bail them out when they are stupid and easily misled. You are the idiot - the USEFUL IDIOT to be more specific. Obama is simply taking advantage of the chaos to re-make the U.S. in his image...yeah!

[beauzackosta]

Oh, that is rich....a fucking brit trying to lecture me. Well, you people are so fucked up ... better get your prayer rug out and start bowing to mecca. It is useful idiots like you that ruined the UK and soon will ruin Europe. Allah Akbar, motha f'er.

[Joe402]

I'm gonna guess these reforms were written by corporations.

[Squirelbutt]

Most likely written by Nazis plaguerized by corporations.

[AZDACKSGaming]

LOL Obama looks really old already! haha

[lovegoldfrapp]

is obama the antichrist? :-?

[jxsilicon9]

Lets start with this bs about a company being too big to fail. I don't care what you have to do. No country is too big to fail. That crap has to end. And all these investment banks that screwed up the economy. They should be broken up and the cartels need to end.

[opAir01]

...fair dealing ... consumer protection ..etc

mr president,

its time you get the gas companies ...

.

[darsal123]

I just hope that Obama could fix the situation! i wsish the best for this goverment! God bless America!

[arequipa1]

obama hasn't got a clue what he's doing. he's fumbling around in the dark. and just wait, if the situation with north korea gets any worse, he'll be a one term president.

[AnimeIntroStyles3]

Most of these comments are clearly made by people that read books upside down o.O

We are in a deflationary period. Deflation is enormously more devastating then inflation. Until we escape deflation, we must inflate our economy. Any economist who truly believes inflation at this point in time is worse then deflation has, as I said before, been reading books upside down.

[therealcaptobvious]

The only deflation we've seen was in gas prices, and they're back up. I've seen more inflation in the grocery stores than not.

Bernanke is printing to fight off the good effects of the temporarily lowered gas prices.

Or is he trying to inflate our way out of debt with China?

I think you're a little confused.

[AnimeIntroStyles3]

Find one article written by an economist in the last month that argues we're not in a deflationary period, and I'll find 7 that say we are.

Also, regarding the other comments, is big government bad in all cases?

Sweden did not just bail out its financial institutions by having the government take over the bad debts. It extracted pounds of flesh from bank shareholders before writing checks. Banks had to write down losses and issue warrants to the government.

[AnimeIntroStyles3]

That strategy held banks responsible and turned the government into an owner. When distressed assets were sold, the profits flowed to taxpayers, and the government was able to recoup more money later by selling its shares in the companies as well.

[ladylordess]

It is odd isn't it.... No one is talking about food prices actually going up in the stores. We see it, or at least I do, by the items that I purchase, yet we are being told the opposite.

[2xtream]

Stop with the new agency's! We do not want bigger Government. Obama Stop Spending !

We do not want our governing watching our every move. Stop the socialist agenda.

[mreisma]

fuck ur new government agencies, print print print!

[quitearow]

Foxy news is going to attack it as bigger government. If his proposed idea works the way intended, the people will benefit. The Fed Reserve has become the 3rd rail of American politics.

[therealcaptobvious]

It is bigger governement. The Controller of the Currency, the FTC, the Federal Reserve and the FDIC already monitor the the banks. The more they create, it becomes a bigger mess.

The CFTC was added to regulate the subprime market instead of allowing the SEC to do it. The CFTC didn't do it's job, they cited communication issues.They need to give authority to just the SEC who will do it.

Obama isn't even working with the agencies that worked in the past. Does he even know what he's doing?

[Squirelbutt]

3rd rail? It reigns over all.

[quitearow]

I agree. What I meant was that it "off limits" for discussion in ALL professional media

[quitearow]

I agree. What I meant is that it is "off limits" to ALL the professional media

[abarzilai664]

Should the Federal Reserve be the new gaurdians of this new system, no.

[Gina2NYC]

All these new departments with left wing Czars heading them. It doesn't sound American.

[therealcaptobvious]

Obama is creating "new agencies" to stamp out the problems that the government created, like they did thorugh the Community Reinvestment Act.

He's also fixing a lot of things that are not broken and at the same time not addressing the problem areas. Like Fannie Mae, Freddie Mac and the CFTC.

So you're right. This is a power grab for the left, not adequate or efficient regulation.

[martinmary555]

sounds good!!! martinmary555 catch my video

[KhmerD0g]

obama will destroy america because he prints so much money. he is causing hyperinflation

[SkyDaddy7]

Oh yeah...I have not heard about any hyperinflation yet?

[KhmerD0g]

you listen to much mainstream media propaganda. you need to read more books. books give u more accurate information. google zimbabwe and weinmark germany hyperinflation.

we almost double in money supply in a year -- 12 trillion dollars. if that does not cause hyperinflation i don't know what. by the end of this year u will see huge inflation and the DOW will drop.

[SkyDaddy7]

By the end of the year, huh?

...That proves to me that you need to do much better research of the authors of these books you claim to read.

I doubt your books tell you that inflation can be kept under control moving forward if the correct measures are taken when needed?

Do your books talk about what the cost of not injecting cash into the system would have been on everyone and what such lack of action would have done to the our economic system?

[KhmerD0g]

the government created the problem in the first place by lower the interest rate to 1% which fueled housing bubble now burst. zimbabwe prints so much money that they are in hyperinflation. their currency is dead. read some books dude. history has shown repeatedly that print too much money result in inflation. that is so simple and yet u don't understand that concept.

[KhmerD0g]

there is no need to inject money into so call "the system" like big company who made bad bet like Citigroup, Goldman Sachs, AIG, etc. let them fail. there are many other companies step in to take their place. why are they too big to fail?

book u need to read. watch this:

watch?v=-9zM17sc3ZA

[Gina2NYC]

You're right. When inflation hits high gas prices will be the least of our problms

[billyradiohead]

omg, who the f--- are you?,you sick freak, get a life

[p179894]

your one creepy dude if you want to see someone suffering you should go see your mom i think shes scared of you now.