Vote Different

"There's a pattern here," says Speier. "We put these good laws in place, whether it's Glass-Steagall or, in that case the SEC cap. But then the industry comes to us and says, 'Oh, this is cramping our style. We could make' -- of course they don't say it this way -- 'we could make so much more money if you just lifted this cap.' And they were right. They made a lot of money - and they also brought the entire country to its knees!"

Rep. Jackie Speier's Tough Bank Amendment Passes With Room Nearly Empty!

The amendment would mandate that banks essentially could not lend out or invest more than 12 dollars for every dollar they keep in reserve.

This is GOOD NEWS and gets rid of one of Reagan's stupid deregulation moves. The banks just before the crash were lending over 30:1 !

Frankly, I think the ratio should go back to what it once was at 7:1. Banks should also not be allowed to be in the insurance business either.

David Brin offered a lesson in capitalism with his diary Re-allocating energy research: "The Obama Administration, while pumping up funding and incentives to further develop hybrid vehicles, has slashed $100 million (60%) from the budget for George W. Bushs preferred approach -- hydrogen fueled cars. Of course, this is one more sign that we are being led by people who want America to succeed, and no longer by technological morons, determined to make every possible wrong decision."

But there's a problem for FOX: it turns out their very own poll shows Americans don't have a problem with Obama bowing to the Emperor of Japan..

Indeed, 67% said they think it is appropriate for the American president "to bow to a foreign leader if that is the country's custom" and only 26% felt it was "never appropriate for the president to bow to another leader."

FOX NOISE failed to manufacture outrage about Obama bowing so Fox never put their poll on the air - only in a PDF online.

Jon Stewart: There's a fear out there that seems irrational.

Exploiter of Irrational Fears Lou Dobbs: I think that part of that fear certainly is. I also think part of that fear is simply catching up with the events of some years ago...say, four or five years ago.

Jon Stewart: Why do [people] always catch up to the fears during Democratic administrations? It feels like all the people who want limited government really just want government limited to Republicans.
---The Daily Show

gloomytom -

It's not "Reid's" healthcare reform bill. It is almost entirely the product of lobbyist influence on a corrupt and/or spineless congress as a whole. The public option has been watered down so much as to be nearly non-existent. Congress does not work for We The People - that is clear.

This bill should have been about 200 pages and just extended medicare as an insurance option to all, along with a sane plan to pay for it via premiums and subsides.

But we got lawyer gobbly gook.

Keep an eye on the Senate this saturday. Debating starts on Reid's ridiculus healthcare reform bill. I think Reid is insane,but thats me.

Yeah brent,this is good news. I've mentioned Ron Paul's bill to audit the Fed many times on this thread. He has almost the whole house as co-sponsors. It'll be a good thing to hold the Fed accountable,finally. But it still has a long way to go. Who's going to vote against it and why,that'll be interesting. I wonder if Obama is on board. We shall see.

The measure, cosponsored by Reps. Ron Paul (R-Texas) and Alan Grayson (D-Fla.), authorizes the Government Accountability Office to conduct a wide-ranging audit of the Fed's opaque deals with foreign central banks and major U.S. financial institutions. The Fed has never had a real audit in its history and little is known of what it does with the trillions of dollars at its disposal.