Showing posts with label Consumer Financial Protection Bureau. Show all posts
Showing posts with label Consumer Financial Protection Bureau. Show all posts

Saturday, January 7, 2012

"Clown Prince" Weekly Blather; January Seventh

A Patriotic Response To The "Clown Prince;" 01/07/2012
barackingham Palace,
District of Corruption
January 7, 2012
    This week, I traveled to Cleveland, Ohio, to talk with folks about the biggest challenge we face as a country – rebuilding our economy so that, once again, hard work pays off, responsibility is rewarded, and anyone, regardless of who they are or where they come from, can make it if they try. That’s the economy America deserves. That’s the economy I’m fighting every day to build.  Now, to get there, the most important thing we need to do is get more Americans back to work. And over the past three years, we’ve made steady progress. We just learned that our economy added 212,000 private sector jobs in December. After losing more than 8 million jobs in the recession, we’ve added more than 3 million private sector jobs over the past 22 months. And we’re starting 2012 with manufacturing on the rise and the American auto industry on the mend.
[What I'm not telling you:  Thank-you Taxpayers, for this illegally funded trip to Cleveland!!  With these various speeches I make in owe-bamacRATic strongholds with hand-picked, paid audiences, I should--and all other nominees; candidates must--have alternate funding for 'campaign trips.'   Others--particularly those not negro; those not in elective office--must use campaign funds for transportation and other directly-related expenses.  Most seem to have an inordinate fear of being classified "a racist" if they even begin to "hold-my-feet-to-the-fire!!!"
    It's truly amazing.... how the media--the national pamphleteers--print/report anything George Soros demands.  Any other chief executive--public or private--would be verbally skewered for the daily--almost HOURLY--lies I spew forth!!  Now that the next election cycle is upon us, be prepared for my lies to become more outlandish, even more frequent--if that's even possible!!
    While I'm very good at lying, I'm loathe to continue compounding them at George Soros' insistance!  Lets' take all those phony 'jobs, unemployment' numbers the national pamphleteers pound you with each-and-every day:   At the time of my immaculation, the unemployment rate was just over 7%.  It took me less than ten months to force it to 10%!!   Since I was immaculated, more than 5,000,000 jobs have been destroyed--a real plus for me!! Since my PORKulus bill, more than 600,000 additional jobs have been destroyed; the more telling statistic--the average unemployment rate during my rule--is 9.4%, NOT the monthly 8.5% Soros demands be reported!!  If we were talking 'apples and apples' or 'oranges and oranges,'  these numbers would be significantly higher: if the same number of jobs were available today as at the point of my immaculation, the unemployment rate would be 11.7%!!  See, that's how we lowered the unemployment rate:  we just reduced the number of 'jobs available' which--along with the number of unemployeds dropped as 'not looking for work'--lowered the U-3 unemployment rate.  The U-6 rate counts everyone who wants to work fulltime, but is unemployed or underemployed.  Why do we--and by 'we' I mean the BLS--not report the U-6 unemployment rate?!?  Primarily cuz George Soros said NO!!  Secondarily, who would vote for a ruler--even ME--who had a reported unemployment rate (U-6) of over 15.2 per-cent?!?]
    We’re heading in the rightdirection. And we’re not going to let up. On Wednesday the White House will host a forum called “Insourcing American Jobs.” We’ll hear from business leaders who are bringing jobs back home and see how we can help other businesses follow their lead.  Because this is a make or break moment for the middle class and all those working to get there. We’ve got to keep at it. We’ve got to keep creating jobs. And we’ve got to keep rebuilding our economy so that everyone gets a fair shot, everyone does their fair share – and everyone plays by the same rules. We can’t go back to the days when the financial system was stacking the deck against ordinary Americans. To me, that’s not an option. Not after all we’ve been through.
    That’s why I appointed Richard Cordray as our nation’s new consumer watchdog this week. Richard’s job is simple: to look out for you. Every day, his sole mission is to protect consumers from potential abuses by the financial industry and to make sure that you’ve got all the transparent information you need to make the important financial decisions in your lives. I nominated Richard for this job last summer. And yet, Republicans in the Senate kept blocking his confirmation – not because they objected to him, but because they wanted to weaken his agency. That made no sense. Every day we waited was a day you and consumers all across the country were at greater financial risk. So this year, I’m going to keep doing whatever it takes to move this economy forward and to make sure that middle class families regain the security they’ve lost over the past decade. That’s my New Year’s resolution to all of you.

[What I'm not telling you:  Now, in the last year of my regime's current 'term of rule' we are continually  revising the most telling statistics to more favorable positions.  These revisions are nothing more than socio-fascist "smoke-and-mirrors!!"   The single truism in the aforementioned paragraphs:
"We can't go back to the days when the financial system was tacking the deck against ordinary Americans."
We--as in 'the regime'--have taken a different tack, that of having the regime "stack the deck against ordinary Americans!!"  We've used the "Dodd-Frank" financial reform bill to our advantage with the illegal, unconstitutional appointment of Richard Cordray as the Director, Consumer Financial Protection Bureau (CFPB).  Ultimately, we invision the CFPB being in control of all private financial transactions.  These will include--but not limited to--personal checking and savings accounts, personal investments, precious metals and stones investments, real estate investments, et al; all by virtue of having the final authority on specific and general spending habits of ALL AMERICANS!!  With the CFPB coupled with the regime's Treasury Department and the IRS, we will essentially control all spending--both public and private--nationwide!!]

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Saturday, December 10, 2011

"Clown Prince" Weekly Blather; December 10th

A Patriotic Response To The "Clown Prince;" 12/10/2011
barackingham Palace,
District of Corruption
December 10, 2011

    Today, America faces a make-or-break moment for the middle class.  After the worst economic crisis of our lifetimes, some still want to return to the same policies that got us into this mess. They’re the same policies that have stacked the deck against working Americans for too long. They’re part of a philosophy that says we’re better off when everyone is left to fend for themselves and play by their own rules.  But I have a different vision. I believe that we are greater together than we are on our own. I believe that this country succeeds when everyone gets a fair shot, everyone does their fair share, and everyone engages in fair play.  To ensure fair play, last year, we passed the toughest financial reform in generations.  See, for too long, the rules weren’t the same on Wall Street as they were on Main Street. Risky bets were made with other people’s money. Some folks made a lot of money taking advantage of consumers. It was wrong. And this irresponsible behavior on the part of some contributed to the worst financial crisis since the Great Depression.
[What I'm not telling you: "....return to the same policies...."  We're still in "....the same policies....;" those policies being those of rewarding your (actually my) communist friends in cash and 'negotiatables!'  That's what the $787BILLION PORKulus did for me: rewarding my supporters and donors in cash, through cash support for their employers, et al. 
    "....everyone gets a fair shot....?"  Where's the fairness when Barney Frank and Chris Dodd take advantage of their insider knowledge and political pull for sweetheart deals for themselves; then write some of the most restrictive, costly legislation governing credit cards, their administration, their use!  Anyone else--other than these two ruling-class schlubs--would be in federal prison by now!!!
"....the toughest financial reform in generations...."  is an example of FRANK-DODD alleged genius gone awry!!  What the legislation should have done is to put it's two authors in jail for many long years; what it actually did was to blind-side the consumer with added fees coupled with reduced benefits!!  
    "....irresponsible behavior on the part of some....!"  Funny how most of that irresponsible behavior was at the hand of the socio-fascists in Congress; yet I blame the republicRATics for all the economic ills of the nation!!  There is a point when "blame Bush" becomes just another whine!!!]
So this financial reform refocuses the financial sector on what’s really important: getting capital to entrepreneurs who want to grow their businesses, and financing to millions of families who want to buy a house or send their kids to college.  A key part of that was putting in place the first-ever consumer watchdog – someone whose job it is to protect American families from being taken advantage of by mortgage lenders, payday lenders, and debt collectors.  Tens of millions of Americans use these services. Protecting them from unscrupulous practices is an important job. And that’s why I nominated Richard Cordray to serve as the head of this consumer watchdog agency.  As the former Attorney General of Ohio, Richard helped recover billions of dollars on behalf of retirees and stood up to dishonest lending practices. He has the support of most Attorneys General across the country, both Democrats and Republicans. Members of Congress from both parties say he’s more than qualified for the job. And yet on Thursday, Republicans blocked his nomination. They refused to even allow it to come up for a vote.   That doesn’t make any sense. Do Republicans in Congress think our financial crisis was caused by too much oversight of mortgage lenders or debt collectors? Of course not. And every day America has to wait for a new consumer protection watchdog is another day that dishonest businesses can target and take advantage of students, seniors, and service members.  So I refuse to take “no” for an answer. Financial institutions have plenty of high-powered lawyers and lobbyists looking out for them. It’s time consumers had someone on their side.  And while they’re at it, Republicans in Congress should stop the games and extend the payroll tax cut for working Americans. Because if they don’t, nearly 160 million Americans will see their taxes go up at the end of this month.  Congress can’t end the year by taking money out of the pockets of working Americans. Now is not the time for playing politics. Now is the time to do what’s right for the American people.  No one should go home for the holidays until we get this done. So tell your Members of Congress, don’t be a Grinch. Tell them to do the right thing for you and for our economy.
[What I'm not telling you:  "....getting capital to entrepreneurs...."  whad'da loada bullshit that is!! Just who do you think are the entrepreneurs; who are the folks who finance the entrepreneurs' ventures?!?  Why, it's those evil millionaires I'm trying to turn you against!!  They're the only ones able to finance such ventures; the socio-fascist owe-bama Regime only invests in 'already-failing' green-energy companies!!
    Yes,the Richard Cordray nomination has been blocked by the republicRATics!  Not for the reasons you might think, not for his socio-fascistic views and actions; No!! Mr Cordray was blocked because of me; I failed to, and refuse to; define the Consumer Financial Protection Bureau; it's authority; it's responsibilities!!  So while I "piss'n'moan" about those evil republicRATics, I'm the true culprit in these massive economic kerfuffles I've exacerbated for almost three years!!
    Those evil republicRATics have initiated legislation to do the very things I demand!  But, they're trying to get me to sign some bill that will create several tens-of-thousands direct jobs and hundreds-of-thousands of indirect jobs; I'm talking about republicRATics' including approval for the "Keystone XL Pipeline" project.
    As much as the current tax structure rapes the American Taxpayer, how can about $19.25 per week in additional taxes be that big a conundrum?!?  Approval of the payroll tax 'holiday' does little more than continue the Congressional raid on the Social Security Trust Fund!!  The public's been led to believe that the system is on the verge of collapse!  Which is it?!?  On the verge of collapse OR is it flush enough to be raided in another on-going owe-bamacRATic vote-buying scheme?!?
    What the owe-bamacRATics would like everyone to forget:  This sub-prime mortgage mess originated in the "Slick-Willie" Clinton administration.  "Slick" and his then-HHS Secretary; the current New York Governor, Andrew Cuomo began promoting home ownership for those who could least afford it.   They were also instrumental in 'suggesting' that Freddie Mac and Fannie Mae approve mortgages by using fictitious credit reports!!
    Members of the Congress should stay in the 'District of Corruption' until something is done about this payroll tax-Social Security raid.  But--you can bett'cher ass--my family and I will be leaving for Hawaii at the appointed hour!!  If you think Michelle's 'more-than-ample' ass won't be incased in a bikini-bottom upon arrival, you got another 'think' coming!!!]

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