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Saturday, May 15, 2010
Washington, DC
On Thursday, I paid a visit to a small business in Buffalo, New York, a town that’s been hard hit in recent decades. I heard from folks about the struggles they’ve been facing for longer than they care to remember. And I talked with them about what my administration is doing to help our families, our small businesses, and our economy rebound from this recession. Jumpstarting job creation in the private sector and fostering a climate that encourages businesses to hire again is vitally important – and I’ll continue working hard to make sure that happens. But my responsibility as President isn’t just to help our economy rebound from this recession – it’s to make sure an economic crisis like the one that helped trigger this recession never happens again.
That’s what Wall Street reform will help us do. In recent weeks, there’s been a lot of back and forth about the reform bill currently making its way through Congress. There’s been a lot of discussion about technical aspects of the bill, and a lot of heated – and frankly, sometimes misleading – rhetoric coming from opponents of reform. All of this has helped obscure what reform would actually mean for you, the American people. So, I just wanted to take a few minutes to talk about why every American has a stake in Wall Street reform. [What I'm not telling you: I hope the people of Buffalo, N.Y., don't find my recent visit too crass for their tastes. With most of my proposals going "right into the tank" as soon as they arrive at the Congress; I must have as many photo and blather opportunities as possible. Early on--with my charisma--I was able to sway the opinions of the American voter just with the blather. Not long after my handlers bought the office and installed me as their "prince," those folks who've seen through the blather to the socialism and frascism, began their peaceful rallies and organizing campaigns to mount an opposition. The 'Tea Party Patriots' are taking Saul Alinsky's policies to a whole new level; they're acting more and more like Martin Luthur King and Mahatmas Ghandhi; nothing like 'the Black Panthers.' These actions are ruining our most effective strategy: agitating the opposition into violent protests that we can denegrate in 'evening news' sound bites! Several times, we've tried infiltrators, to no avail; the Patriots just surround and drown out their verbal agitation. You remember "The Gavel Stroll?" Nancy PORKlosi and the House democRAT leadership walked from their offices to the House chambers, even though there are tunnels and subways so they "never have to see the light of day!!" That didn't work well, AT ALL. "PORKY" had expected with the horrible legislation they were considering and the vast public opinion AGAINST it, along with legislators of all races and the several infiltrators that had been planted in the crowd, there'd be "Hell, to pay!!" NOT SO!! The Patriots were the epitome of civility and decorum!! Even the planted lies we used when all else failed, didn't gin up any support through the fascist media....Oops!! There I go, again--off teleprompter!! Yo, Bob..... back up the teleprompter to that 'jobs' crap.... There ya go; Thanks. Jobs....What can I say about jobs that you might believe?!?! The public has to understand my position, here..... If everyone who wants to, is working; how can I possibly control enough of the population to effectively continue my fascist regime?? If 'jobs' were very important TO ME, why did I con President Bush into initiating the $356Billion TARP program while he was still in office? If 'jobs' were very important TO ME, why did I coerce the Congress into passing that foolish $787Billion PORKulus Bill?? That's $1.14Trillion in 'slush fund' monies that I can piss away at my leisure; at my discretion!! Just think of all the personal income and business tax cuts this money could have offset!! Wealth accumulation and business profitibility run counter to fascism so they don't fit into my plans, obviously!! Buffalo and the other dying cities of America, do not fear; I will continue to push this jobs bill, that jobs bill. These bills, if legitimately proposed--would be a definite benefit to the American people. To this regime and the current congress, they're just a cover for the 'controlling' legislative amendments I need to continue trashing the economy and "the American Dream!!" If I've learned one thing as a community agitator it is: He who controls the money, so controls the people!! That's why either myself or the next fascist 'prince' will first strive for a one-world currency, which will soon lead to a one-world government. You think America is turning into a "Third-world Rathole" now, wait 'til there's one government for the entire planet!!!]
First and foremost, you have a stake in it if you’ve ever been treated unfairly by a credit card company, misled by pages and pages of fine print, or ended up paying fees and penalties you’d never heard of before. And you have a stake in it if you’ve ever tried to take out a home loan, a car loan, or a student loan, and been targeted by the predatory practices of unscrupulous lenders. The Wall Street reform bill in Congress represents the strongest consumer financial protections in history. You’ll be empowered with the clear and concise information you need to make the choices that are best for you. We’ll help stop predatory practices, and curb unscrupulous lenders, helping secure your family’s financial future. That’s why families have a stake in it. And our community banks also have a stake in reform. These are banks we count on to provide the capital that lets our small businesses hire and grow.
The way the system is currently set up, these banks are at a disadvantage because while they are often playing by the rules, many of their less scrupulous competitors are not. So, what reform will do is help level the playing field by making sure all our lenders – not just community banks – are subject to tough oversight. That’s good news for our community banks, which is why we’ve received letters from some of these banks in support of reform. [What I'm not telling you: Essentially, YOU are responsible for YOUR personal financial dilemma!! You could have avoided your situations early-on, just by the conservative use of credit and reading the fine print of the agreement YOU SIGNED!! The primary reason I'm working on 'spanking' Wall Street, the banks and the credit card companies is to CONTROL YOUR VOTE, until such time as your vote is as unimportant as the opinions you express to your congresspersons. In recent years, the Congress has turned an implication into a national policy: We've implied that personal, professional and/or business failure is not to be tolerated; Now that mindset is national policy!! We've taken to financially "propping up" every idiot who can't {or doesn't want to} pay his mortgage, who can't {or doesn't want to} pay his credit card bill, who can't {or doesn't want to} hold a job!! THAT--my friends--IS WEALTH REDISTRIBUTION!!]
What’s true for our community banks is also true for small businessmen and women like the ones I met in Buffalo. These small businesses were some of the worst victims of the excessive risk-taking on Wall Street that led to this crisis. Their credit dried up. They had to let people go. Some even shut their doors altogether. And unless we put in place real safeguards, we could see it happen all over again.
That’s why Wall Street reform is so important. With reform, we’ll make our financial system more transparent by bringing the kinds of complex, backroom deals that helped trigger this crisis into the light of day. We’ll prevent banks from taking on so much risk that they could collapse and threaten our whole economy. And we’ll give shareholders more of a say on pay to help change the perverse incentives that encouraged reckless risk-taking in the first place. Put simply, Wall Street reform will bring greater security to folks on Main Street. [What I'm not telling you: Let's tackle the last sentence first: The security will--first and foremost--be to and for the congresspersons that wrote the bill!! Why do ya think that 'Crooked' Chris Dodd is the primary author?? Cuz he got caught with that Countrywide 'sweetheart mortgage--a mortgage you couldn't get in a hundred years!! This legislation gives him a chance for more loopholes he can benefit from. The average "Joe, The Plumber" investor will be taken for the same ride they're going on now. The small-business community here in Buffalo and all across the country are the prime targets of my refusal to lower business tax rates. Tax cuts are a PROVEN 'sure-fire' way to spur growth in the economy!! One thing you rarely know, but must take into account: These 'crowds' I blather to and at............ they're by 'invitation, only!!' If ya don't agree with me, ya ain't gettin' in--simple as that!!]
The stories I heard in Buffalo this week were a reminder that, despite the progress we’ve made, we need to keep working hard, so we can build on that progress and rebound from this recession in the short-term. But even as we do, we also need to lay a new foundation for growth and shared prosperity over the long-term. Next week, we have a chance to help lay a cornerstone in that foundation. The reform bill being debated in the Senate will not solve every problem in our financial system – no bill could. But what this strong bill will do is important, and I urge the Senate to pass it as soon as possible, so we can secure America’s economic future in the 21st century. [What I'm not telling you: Most of the economic progress you read about in the national fascist media: if not outright lies, are blatant misrepresentations!! How can we be creating jobs if the unemployment rate advances from 9.7% back to 9.9%?? How can we spin that advance as those discouraged unemployeds returning to job searches, when the U-6, long-term unemployed advanced from 16.5% {01/2010} to 17.1% {04/2010}?? See how the numbers don't quite match the 'spin?' That "...growth and shared prosperity.." thingie.... nothing more than a cute way to say: wealth re-distribution!!
Now, some off-the-teleprompter drivel: I could be a far greater benefit to the American people, the burgeoning deficit and the 'climate hoax' if I just sat on my skinny little ass in the Oval Office. Not one of my legislative proposals can stand alone on it's merits; I have to travel all over the country trying to prop them up!! There's been JUST ONE MONTH since my immaculation that I haven't taken an 'Air Force One' trip: that was January, 2009; officially just ELEVEN DAYS!! Just imagine the total expense--to say nothing of the massive carbon footprint--of taking a trip within the U.S.: Air Force One; a similar plane for my media minions; a couple of cargo planes for vehicles and equipment, not to mention a fighter aircraft escort. That's every trip! It's much more expensive when I do the international apology tour thingie!! For the remaining eleven months of 2009, I took 83 stateside trips, an average of 7-1/2 trips a month; nearly TWO TRIPS A WEEK!!! I rarely do weekends in the Oval Office-contrary to previous presidents, so this means I WORK THREE DAYS A WEEK--almost like being in a union!!! Man-oh-man, this is the best-payin' job I ever had!!! At 400 grand a year, I'm gettin' $2,670 A DAY or $335 PER HOUR. Imagine the balls I got to bitch about Wall Street bonuses!!!]
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