Barack Obama is creating the new Consumer Financial Protection Bureau to create accountability and oversight for the consumer credit market. This new agency is supposed to keep company's from misleading and confusing consumers with pages of indechipherable fine print. This bureau will reinforce the new credit card law and will ban unfair rate hikes.
http://content.usatoday.com/communities/theoval/post/2010/09/new-obama-aide-wall-street-needs-tough-cop/1
This is a great idea i think. Barack Obama and the Elizabeth Warren the one who is tasked with creating the new agency are on the right track. This new bureau is designed to level the playing field so us normal people without degrees in law wont have to worry as much about all that fine print that companys throw at us just so in the future if something goes wrong they can blame it on us. The republicans oppose putting Elizabeth Warren as the new chairwoman of this bureau. hmm who would have guessed that would happen. They are calling her anti business. Well we have learned in history being anti business can be good at sometimes like i dont know maybe before Teddy Roosevelt was president. I know we all know those were great times when the railroads charged nice fair prices and so did Carnegie and his steel industry, those were great times just like now. Some people have to take a lesson from history and learn that not all business is good business and that some people on wall street are not always for the better good. I mean do these Republicans actually think about what theyre saying. all these issues we have now with unfair business and the mistreatment of consumers were around way back when the country first started to have big business. The stupid people think that letting business go is the best way to keep the country going well guess what that didnt work. All you have to do is take a look around to notice that the businesses are not exactly helping the situation right now. The basic thought here is we need more government control over financial decisions because we have learned time after time that people are stupid, dumb and dont have a clue about what is going on. If the government regulates more then it will atleast decrease the damage done by all of us idiots. And for all the republicans that are like ooo well thats like communism and communism is bad, no your horribly misled mr republican dumb ass. Communism is an amazing idea on paper everyone is equal thats a good thing but the problem in the people that try to implement it are not the greatest people. And having a little communism in our society would be good then people wont have to worry about how the market is going to swing next and wether or not theyre gonna have a job tomorrow. So again mr Barack Obama and Mrs Elizabeth Warren i agree with your move and think that it can only help our current situation.
Friday, September 17, 2010
Thursday, September 16, 2010
Political Stuff- Exports
Barack Obama is starting efforts to increase America's exports. He says that the way to tackle the world market is to use the talents we have and the work force we have to start producing again. He says the more we produce the more money we make and the more money we make the more people have jobs.
http://www.cnn.com/2010/POLITICS/09/16/obama.exports/
I think Barack Obama is on the right path here. In this world for countries that import and export a lot there is a very basic way to think about it. When you import more than in export you are sending more of your money out to other countries and you will eventually go into a deficit if you export more than you import you will gain money as a country in a basic sense. Our country was always a leading country in innovation and manufacturing. But lately China which has a huge work force has been taking all of our business. U.S. businesses have been out sourcing to China for to long and now it has caught up to us. If you look at almost everything we own now it is built or made in China. We no longer make things here in the good old U.S. so because of that we are losing all of our money to China. If we started manufacturing here again and started to sell all of the great products we are capable of making to other countries all of they're money would be coming to us and our economic problems would stop. People think outsourcing is good because it saves businesses money but that saved money could be going to american workers. In the 1930s the U.S. was in a depression. No one was buying or selling anything it was a lot like it is today. All those Government funded programs helped but it never ended the problem just like it wont solve the problem this time. The depression only went away when the sleeping giant of manufacturing awoke to use its vast array of resources to produce weapons for the allies. After that everyone had jobs and there no longer were problems economically. Today we don't have anything to awake us from that deep manufacturing sleep that we have slipped into unless of course Germany decides to be a bitch again. To sum it all up to stop this never ending depression all we have to do is stop being penny pinching bastards and make something in America instead of sending all our money to China who then acts like theyre being nice to us by lending us money which they know as well as i do is gonna go straight back to them because face it. We dont keep our money any more we export it. And then we complain about not having any money and blame Barack Obama because there are still a lot of racist people so again i Applaud Mr Barack Obama for knowing that exporting brings us money. And i blame this all on the Republicans because it is theyre fault and they started the whole lets give China all our money thing.
http://www.cnn.com/2010/POLITICS/09/16/obama.exports/
I think Barack Obama is on the right path here. In this world for countries that import and export a lot there is a very basic way to think about it. When you import more than in export you are sending more of your money out to other countries and you will eventually go into a deficit if you export more than you import you will gain money as a country in a basic sense. Our country was always a leading country in innovation and manufacturing. But lately China which has a huge work force has been taking all of our business. U.S. businesses have been out sourcing to China for to long and now it has caught up to us. If you look at almost everything we own now it is built or made in China. We no longer make things here in the good old U.S. so because of that we are losing all of our money to China. If we started manufacturing here again and started to sell all of the great products we are capable of making to other countries all of they're money would be coming to us and our economic problems would stop. People think outsourcing is good because it saves businesses money but that saved money could be going to american workers. In the 1930s the U.S. was in a depression. No one was buying or selling anything it was a lot like it is today. All those Government funded programs helped but it never ended the problem just like it wont solve the problem this time. The depression only went away when the sleeping giant of manufacturing awoke to use its vast array of resources to produce weapons for the allies. After that everyone had jobs and there no longer were problems economically. Today we don't have anything to awake us from that deep manufacturing sleep that we have slipped into unless of course Germany decides to be a bitch again. To sum it all up to stop this never ending depression all we have to do is stop being penny pinching bastards and make something in America instead of sending all our money to China who then acts like theyre being nice to us by lending us money which they know as well as i do is gonna go straight back to them because face it. We dont keep our money any more we export it. And then we complain about not having any money and blame Barack Obama because there are still a lot of racist people so again i Applaud Mr Barack Obama for knowing that exporting brings us money. And i blame this all on the Republicans because it is theyre fault and they started the whole lets give China all our money thing.
Political Stuff - Taxes
Barack Obama is trying to get the Republicans to allow him to continue the tax cuts. And to approve legislation to help small businesses. the legislation is supposed to create an organization that will help small banks lend more to small businesses. The Republicans want to if the tax cuts continue give them to everyone including those who make over 400,000 a year. Barack Obama says that allowing tax cuts to high income families will increase the deficit more than 700 billion dollars.http://www.voanews.com/english/news/Obama-to-Republicans-End-Political-Games-on-Taxes-103011619.html
I think that the Republicans are stupid. They are just protecting the people that financially back them during elections. Nobody in the world honestly believes that a person that makes over a quarter million a year needs a tax break. This country should be helping those who need help like people that need the tax break so they can ya know feed their families. I don't think that the person driving the ferrari with a half a million dollar house had trouble feeding themselves. At this point in this depression if someone has an idea that could help pull us out of it and into recovery we should take it because we know from history that when we dont do anything nothing happens. Just sitting around while the tax payers pay your salary isnt gonna get us any where so i applaud Barack Obama and his efforts though they are denied often by the Republicans to atleast try things even if they most likely are not going to work. I think we should do what we did in the 1930s just allow the president to pretty much do whatever he thinks is right unless its way out there and a horrible idea and if he doesn't get the job done to move on to the next man and have him give it a go. and about the small business loans its chump change compared to what we spend on bullshit so Republicans, you guys can go screw yourselves.
Political Stuff!!
I think that the Republicans are stupid. They are just protecting the people that financially back them during elections. Nobody in the world honestly believes that a person that makes over a quarter million a year needs a tax break. This country should be helping those who need help like people that need the tax break so they can ya know feed their families. I don't think that the person driving the ferrari with a half a million dollar house had trouble feeding themselves. At this point in this depression if someone has an idea that could help pull us out of it and into recovery we should take it because we know from history that when we dont do anything nothing happens. Just sitting around while the tax payers pay your salary isnt gonna get us any where so i applaud Barack Obama and his efforts though they are denied often by the Republicans to atleast try things even if they most likely are not going to work. I think we should do what we did in the 1930s just allow the president to pretty much do whatever he thinks is right unless its way out there and a horrible idea and if he doesn't get the job done to move on to the next man and have him give it a go. and about the small business loans its chump change compared to what we spend on bullshit so Republicans, you guys can go screw yourselves.
Political Stuff!!
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