"Clown Prince"Weekly Blather; June Twenty-Sixth

A Patriotic Response To The "Clown Prince" 06/26/2010

Saturday, June 26, 2010

Weekly Address

 

This weekend, I’m traveling to Toronto to meet with members of the G20. There, I hope we can build on the progress we made at last year’s G20 summits by coordinating our global financial reform efforts to make sure a crisis like the one from which we are still recovering never happens again. We’ve made great progress toward passing such reform here at home. As I speak, we are on the cusp of enacting the toughest financial reforms since the Great Depression.   I don’t have to tell you why these reforms are so important. We’re still digging ourselves out of an economic crisis that happened largely because there wasn’t strong enough oversight on Wall Street. We can’t build a strong economy in America over the long-run without ending this status quo, and laying a new foundation for growth and prosperity.  [What I'm not telling you:  The G-20 membership is primarily centered around the European, North American and some South American countries.  Representatives of Ethiopia, Malawi, the Netherlands, Nigeria, Spain and Vietnam have also been invited.  The primary tenor of the meeting will be the worldwide economic crisis; it's causes and possible remedies.  The feeling I'm getting is that most European representatives are in search of possible solutions-their primary area of interest is in 'national debt reduction.'   The European's primary goal is to continue their various republics--in direct conflict with my goals, as related to me in the daily briefing from the chairman of my Handler's Group, George Soros.  Mr Soros is adamant that more wealth can be acquired by America's current 'ruling-class' as it strives toward a one-world government; I tend to agree.  But, if I want my regime to continue, I have no choice but to agree!!]
That’s what the Wall Street reforms currently making their way through Congress will help us do – reforms that represent 90% of what I proposed when I took up this fight. We’ll put in place the strongest consumer financial protections in American history, and create an independent agency with an independent director and an independent budget to enforce them.  Credit card companies will no longer be able to mislead you with pages and pages of fine print. You will no longer be subject to all kinds of hidden fees and penalties, or the predatory practices of unscrupulous lenders.  Instead, we’ll make sure credit card companies and mortgage companies play by the rules. And you’ll be empowered with easy-to-understand forms, and the clear and concise information you need to make the financial decisions that are best for you and your family.  [What I'm not telling you:  These 'consumer financial protections' that we strive to put in place only tell PART OF THE STORY.   One thing you won't know until the legislation is passed is that the 'independent agency'  I referred to will have the power to deny you loans you've seeked if--in their opinion--the loan will not be financially beneficial for you and your family.  An example:    You need  a loan for your child's orthodontia.  This could be denied due to your other financial obligations!!  How 'bout THAT for financial reform?!?!  From my persective: another step in the growth of the federal government, rather than financial reform!!]
Wall Street reform will also strengthen our economy in a number of other ways. We’ll make our financial system more transparent by bringing the kinds of complex trades that helped trigger this crisis – trades in a $600 trillion derivatives market – finally into the light of day.  We’ll enact what’s called the Volcker Rule to make sure banks protected by a safety net like the FDIC can’t engage in risky trades for their own profit. We’ll create what’s called a resolution authority to help wind down firms whose collapse would threaten our entire financial system. Put simply, we’ll end the days of taxpayer-funded bailouts, and help make sure Main Street is never again held responsible for Wall Street’s mistakes. 
Beyond these reforms, we also need to address another piece of unfinished business. We need to impose a fee on the banks that were the biggest beneficiaries of taxpayer assistance at the height of our financial crisis – so we can recover every dime of taxpayer money.  [What I'm not telling you:  The dirty little secret here has two names; Frank and Dodd!!  Two of the leading fascists helping me craft the economic destruction of America as we know it; that 'banking queen' Barney Frank and Crooked Chris Dodd, were hard at work on my plan while I was still a street-thug agitating on the streets of Chicago's southside!!  While I continue to blame "Wall Street,"  the most destructive elements of the financial collapse were at the feet of Freddie Mac and Fannie Mae.  These two agencies bought trillions of dollars of 'sub-prime' mortgages over the years; forced to do so not only by their very statutes, but by the antics of "Slick-Willie" and his Housing and Urban Destruction secretary, Andrew Cuomo, New York's current Attorney General.  Clinton's penchant for "governing by poll numbers" led him to further loosen the requirements for welfareRATs to get mortgages they could neither afford nor intended to pay back.  Both Fannie and Freddie require billions each and every year in 'bailouts' to make them appear solvent!!   They never have been; they are not now; they never will be; SOLVENT!!  You taxpayers may think I'm really, really stupid, but I'm not.  I know that any fees and/or penalties the we--the federal government--assess on the banking industry will just be passed on to the consumer: you, the banking public.  This is yet another branch of the "wealth re-distribution tree."  That "taxpayer money" I mentioned.... Ya think the taxpayer'll ever see any of it--either in the form of $50 or so in rebate checks, or--Muhammad forbid--a reduction in current tax rates??  You folks think you're so smart.... how will that accomplish my main objective to un-reforming American to just another third world rathole??]
Getting this far on Wall Street reform hasn’t been easy. There are those who’ve fought tooth and nail to preserve the status quo. In recent months, they’ve spent millions of dollars and hired an army of lobbyists to stop reform dead in its tracks.  But because we refused to back down, and kept fighting, we now stand on the verge of victory. And I urge Congress to take us over the finish line, and send me a reform bill I can sign into law, so we can empower our people with consumer protections, and help prevent a financial crisis like this from ever happening again.   [What I'm not telling you:  It certainly HAS NOT been easy!!   George Soros spent untold millions of dollars recruiting the most convincing fascists, communists and ultra-liberals into 'the fold;' taking the best and brightest of those {his assessment, not mine} to form The Handler Group which formulates everything I do, think and say, where I go and what I do,  on a daily basis.  Anyone know the definition of the word 'empower?'  You, in the back row, you know?  I didn't think so..... the word has two meanings:  the "Funk & Wagnalls" version and mine.  Let me explain those:  

• em·pow·er (ĕm-pou'ər);  tr.v., -ered, -er·ing, -ers.
• To invest with power, especially legal power or official authority. See synonyms at authorize.
• To equip or supply with an ability; enable. 

MY definition of the word EMPOWER is

• The federal government is invested with legal and official power to make any changes I deem necessary to complete the economic transformation of wealth re-distribution AND  the social transformation into third world rathole status.]