Saturday, January 16, 2010

President's Weekly Address: Getting Our Money Back from Wall Street

From the White House blog:

As the President continues to work on immediate job creation, he discusses his proposal for a new fee on the largest financial institutions to ensure that every cent of taxpayer assistance gets paid back. Saying that, "we're not going to let Wall Street take the money and run," he then to discusses the ongoing push to make sure banks can never put our economy at risk again.

The President lays out again his rules of the road for the banks. Now comes the hard part, getting it past the House and the Senate. That's your next assignment, calling and writing your Congress Critter to let them know this must be passed.

If we don't stand up to them this will happen again. With this and the other reforms that have been introduced in Congress that we should be pushing to get passed maybe we can make sure we don't head down this road again.

Another thing it will help with, it will prove that the GOPers are the ones standing in the way of helping the common people, "main street" if you will and not Wall Street. That is hugely important to the re-election and election of Democrats for a while. No, they aren't the only ones. There are some DemWits who have taken money and who support the greedy bankers, but the number is greater on the right side of the aisle. Some of these legislative moves will call them out, IF we continue the rallying cry and point out the hypocrisy of their ways.

You and I both know it is up to us, because the MSM, contrary to conservative belief is not Liberal, it is owned by Conservatives and is run by them. Yes, some of the people who are in the media are of the Liberal strain, but they are not who runs it and who calls the shots.

So, now is the time once again. After we get health care passed, and by the way... IF YOU KNOW SOMEONE IN MASSACHUSETTS, Call them and tell them to get out and vote Tuesday for Martha Coakley. Please. we need to start working on this. Of course there are other items that need to be worked on too.. but this one is very important to our future economic outlook.

Thanks everyone, remember by this President's actions, whether people want or like to admit it, we staved off a 2nd Depression. Yes, we need to get jobs moving again, but with the banks regulated and money getting out to businesses that will help with the jobs outlook too.


TomCat said...

Although this plan does not go far enough, I fully support it. It's way past due.

Annette said...

TC, with this and with the other bills in the works I think it will work. Again as in the HC bill, we have to take steps. Rome wasn't built in a day and neither will reform be.

Tango daddy said...

Coakely may win or loose but one thing that would help immensley in the future is getting back to a simple 51 vote majority rules.

Annette said...

You are so right Tango Daddy... I am hoping that will be something they will take up very very soon. It needs to be done, so we can get past this filibuster nonsense.

Infidel753 said...

Tom Harkin floated a proposal to change the filibuster rules a couple of months ago. I don't understand why every Democrat in the country isn't screaming from the rooftops to get it passed. Even if Coakley wins, under the present rules every new piece of legislation will just be held hostage by Lieberman again. He gave the health-insurance companies good value for the bribes they paid him, and the bankers can write him checks too.

Annette said...

Tom Harkin has brought it up several times I believe and it keeps getting swatted down.. Hopefully this time it will pass. They should just put it with the Health Care bill and be done with it. LOL