"Clown Prince" Weekly Blather; October 27th

A Patriotic Response To The "Clown Prince;" 10/27/2012
barackingham Palace,
District of Corruption
October 27, 2012
    It’s now been four years since a crisis that began on Wall Street spread to Main Street, hammering middle-class families and ultimately costing our economy 9 million jobs. Since then, we’ve fought our way back. Our businesses have added more than 5 million new jobs. The unemployment rate has fallen to the lowest level since I took office. Home values are rising again. And our assembly lines are humming once more. And to make sure America never goes through a crisis like that again, we passed tough new Wall Street reform to end taxpayer-funded bailouts for good. Wall Street reform also created the first-ever independent consumer watchdog, whose sole job is to look out for you. 
That means making sure you’ve got all the information you need to make important financial decisions like buying a home or paying for college. And it means going after anyone who tries to take advantage of you, or rip you off.  Starting this month, that includes the folks who come up with your credit score.  If you haven’t checked out your credit score recently, you should. It can have a major impact on your life. It can determine whether or not you qualify for a loan or what kind of interest you have to pay. It can even affect your chances at renting an apartment or getting a job.
    But here’s the thing: the companies that put your credit score together can make mistakes. They may think you had a loan or a credit card that was never yours. They may think you were late making payments when you were on time. And when they mess up, you’re the one who suffers.  Until this week, if you had a complaint, you took it to the company. Sometimes they listened. Sometimes they didn’t. But that was pretty much it. They were your only real hope.  Not anymore. If you have a complaint about your credit score that hasn’t been properly addressed, you can go to consumerfinance.gov/complaint and let the consumer watchdog know.  Not only will they bring your complaint directly to the company in question, they’ll give you a tracking number, so you can check back and see exactly what’s being done on your behalf.  And fixing your credit score isn’t the only thing they can help with.
[What I'm not telling you:  One of the 'straws' I continue to grasp for is the 'jobs created' number.  My bluster on any given day will include the fictitious number of "5,000,000 jobs created!"  Actually it's only PARTIALLY fictitious in that this regime did create the aforementioned number of jobs, but only after destroying far more than that, leaving a net jobs created number of NEGATIVE 61,000 jobs!! 
    More hokum is the current unemployment statistic, for two reasons. 
Firstly:  The U-3 unemployment number is completely irrelevant; it's used only as a political expedient.  The far more telling unemployment statistic is the U-6 number which currently stands at 14.7% (September), down from 15.0% for the previous two months.  The highest unemployment you've suffered under The Bilderberg Group-Regime is 17.2% (October, 2009).
Secondly:  We'd have never come close to the reported 7.8% drop except for the regime's donors-workers-supporters employed by the California state government.  That employee(s) insured that the necessary California stastics were conveniently delayed beyond the publishing deadline!!  How cleaver is that?!?  I don't even have to lie to get the unemployment rate to seemingly drop; just having contributors, supporters, donors in the appropriate agency of the California government is enough!!  And, I don't even have to defend the compilations with my usual, ongoing lies!! 
    If you don't believe the jobs, unemployment rate coverup we've engineered, you just need to find the 'labor participation rate.'  The regime has driven so many workers out of the jobs market, if those persons were still a part of the participation statistics, the true U-3 unemployment rate would be 10.7%!!
    It's not a concern to the regime, but this personal finance topic begs the question:  Did either crook.... Chris (make my no-fee, no interest, mortgage 'CountryWide') Dodd or Barney (Need a male prostitute-see my partner in the basement!) Frank consider anything beyond their names being attached to major, public controlling legislation?!?  We--and by 'we' I mean YOU--need only to look into Section 1504 of the aforementioned Dodd-Frank Wall Street Reform and Consumer Protection Act:
Section 1504 imposes a requirement on oil and natural gas companies lised with the U.S. Securities and Exchange Commission (SEC) to publicly disclose detailed information abouth payments made to foreign goverrnments in the course of their overseas operations.  This could mean companies would be required to report individual payments on every single well, protentially exposing confidential, proprietary business information to global competitors.
What good is this requirement to the citizen-consumer, whom this monstrosity was ment to protect?!?  It's nothing more than another line of control over the production of those evil fossil fuel--which every American resident depends upon--for transportation, for jobs, et al!!]
    If you’re opening a bank account, trying to get a student loan, or applying for a credit card and something doesn’t seem right, you can let them know and they’ll check it out.  If you’re looking to buy a home, and you want to know if you’re getting a fair deal on your mortgage, you can give them a call and they’ll get you an answer.  Their only mission is to fight for you. And when needed, they’ll take action.  For example, alongside other regulators, they recently ordered three big credit card companies to return more than $400 million to folks who were deceived or misled into buying things they didn’t want or didn’t understand.  That’s what Wall Street reform is all about – looking out for working families and making sure that everyone is playing by the same rules.
    Unfortunately, that hasn’t been enough to stop Republicans in Congress from fighting these reforms. Backed by an army of financial industry lobbyists, they’ve been waging an all-out battle to delay, defund and dismantle these new rules.  I refuse to let that happen.  I believe that the free market is one of the greatest forces for progress in human history, and that the true engine of job creation in this country is the private sector, not the government.  But I also believe that the free market has never been about taking whatever you want, however you can get it. Alongside our innovative spirit, America only prospers when we meet certain obligations to one another, and when we all play by the same set of rules.  We’ve come too far – and sacrificed too much – to go back to an era of top-down, on-your-own economics. And as long as I’m President, we’re going to keep moving this country forward so that everyone – whether you start a business or punch a clock – can have confidence that if you work hard, you can get ahead. 
[What I'm not telling you: This 'alleged' consumer protection act is far from that.  It's nothing more than another avenue to both control the wealth and spending practices of the consumer as well as absolving the consumer of any personal responsibility for decisions involving the aforementioned purchasing practices.  In practice, these principles originated with "Slick-Willie" Clinton and his HUD Security--and current NYS Governor--Andrew Cuomo.  Both of these characters advocated for--and eventually ordered--both Freddie Mac and Fannie Mae as well as all nationally chartered banking facilities to loosen the personal, financial, employment rules for mortgage origination.  This was the infant beginnings of the--since collapsed--'housing bubble!' 
    I refuse to allow any republicRATic negative actions to decimate this legislation.  Said republicRATics haven't a clue as to the benefits of growing federal control over more-and-more aspects of American life!  Any mention of 'free markets,' of 'free enterprise,' of basic economics, is completely lost on me!!  I haven't a clue as to how the economy works; all I know, I learned from Saul Alinsky's "Rules for Radicals."  Thank Allah for speech-writers; for teleprompters!!]