Saturday, April 17, 2010

Tha President's Weekly Address: Holding Wall Street Accountable

From the White House blog:

The strongest consumer protections ever. Bringing transparency to financial dealings. Closing loopholes to stop recklessness and irresponsibility. Holding Wall Street accountable and giving shareholders new power in the financial system. President Obama lays out what Wall Street Reform is about, and questions whether opposition from the Senate Republican Leader might have something to do with his recent meeting with Wall Street executives.




This has got to be a win-win for the Democrats. If the Republican's continue to oppose this, surely the people will realize who is working for them... But then maybe I am giving the people too much credit.

If the Democrats can hold together on this, and all vote to approve it and make it stronger and better for the people instead of the Wall Street crowd and their cronies in the Republican party. It isn't going to be easy, and it is already drawing opposition from the Republican's.

We need this reform, in order to protect the people from the theft of our money by Wall Street. With Goldman now being prosecuted and maybe others to follow, we have to stay after them to make them realize we will not stand for their criminal ways.

8 comments:

Tom Harper said...

"This has got to be a win-win for the Democrats. If the Republican's continue to oppose this, surely the people will realize who is working for them... But then maybe I am giving the people too much credit."

I'm afraid you're giving the public too much credit. Never underestimate the shrewdness of rightwing spin doctors, and the number of dunces who fall hook line and sinker for everything they tell them.

We definitely need this banking reform so we can avoid a repeat of the 2008 meltdown.

Annette said...

I know Tom.. That's why I said I may be giving them too much credit.. But as you and I both say... We need this done...

mommapolitico said...

So proud of our President this week! The Nuclear Security Summit was a huge win-win, and even Pat Buchanan thought it was a great accomplishment, so that's saying something!

If we can get Wall Street reform through, 2010 will be no problem. Thanks for the update, and great post, Girlfriend!

Annette said...

Yes, he is on a roll it seems... But then when you win you have more confidence and continue winning it seems.

Thanks for stopping by.. MP.. I always look forward to your visits.

tnlib said...

I'm a little slow in getting here, sorry. By now it looks like the GOP is backpeddling. Good and I hope they choke on their lies while they're at it.

Annette said...

I agree Leslie... they have lied so much I really can't see how anyone still believes them.

Jolly Roger said...

The Rushpubliscums are just looking for some way to make it appear that their protection of their paymasters is sone kind of populist move. They aren't going to give up on it, though, any more than they gave up on protecting their insurer/owners.

Annette said...

Thanks JR for stopping in.. I hope they do obstruct.. let people know who they listen too.. The majority of people want this done.