GOP: Protecting Big Banks/Destroying America

by Ben Hoffman

Once again, Republicans are blocking reform of the banking industry that destroyed our economy.

In an extraordinary move aimed at winning over reluctant Republican senators, the top Democratic negotiators on the Wall Street reform bill will reopen the conference committee Tuesday to swap out a controversial $19 billion tax on big banks, according to House and Senate aides.

The unusual development points to deepening troubles for Democrats in their push to finish the bill before the July 4 recess. The death Monday of Sen. Robert Byrd (D-W.V.) and the decision by Sen. Scott Brown (R-Mass.) to oppose the bill unless the tax was removed left Democrats several votes shy of Senate passage.

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Big banks cost our country an estimated two trillion dollars over the past few years, but a $19 billion tax is too much for Republicans. Their motto should be: “Screw America. We only help the rich get richer!”

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16 Comments to “GOP: Protecting Big Banks/Destroying America”

  1. Mr. Hoffman,

    ” Big banks cost our country an estimated two trillion dollars over the past few years, but a $19 billion tax is too much for Republicans. Their motto should be: “Screw America. We only help the rich get richer!” ”

    Speaking of screwing America, just when will the unemployment rate go down ? You guys took the Presidency and Congress and said we would all have high paying jobs by now.

    Now we Capitalists knew that the way Obama demonized all Banks for the sins of a few, the way he Demonized all Rich people, that this would kill jobs. We Capitalists knew that you can’t continually threaten investors with higher taxes and not kill jobs.

    But you Socialists said you had a new way to make big government work for the lil guy. You guys said that this time it would be different. Big Government and the Green Economy would produce Billions, I mean millions of new jobs. We said you and Obama were full of $h#t.

    Well the clock is running out on you guys. A year and a half and where are all of these high paying jobs that “you” promised when “you” put Obama in office?

    I have friends with impressive college degrees who can’t find squat. The funny thing is most of them voted for your hero. Don’t think they will make that mistake again.

    • [You guys took the Presidency and Congress and said we would all have high paying jobs by now.]

      No he didn’t, you damn liar.

    • Obama demonized the banks and wall street for the sins of the people in his own party. Alan, unemployment isn’t going to go down, unless the college educated friends of yours can handle a shovel; Oh, that’s right not too many of those yet either.

  2. Mr. Hoffman,

    ” No he didn’t, you damn liar. ”

    I claim the same poetic license as your hero. You will notice I did not say Obama, I said you guys. Yous guys did at least indirectly promise a lot of new jobs. To me, that means Net jobs.

    But you know what, that is the kind of cop out you do. No here is what I say your hero promised.

    From what I’ve read President Obama promised to save or create 3.5 million new jobs by the end of 2010 with the Stimulus. Well so far he has had a net loss of 2.2 million jobs. We will drop the save because it is BS and can’t be measured. About a 5.7 million job difference from what he predicted and what happened. Well to be fair he has 6 months to make the number.

    Now I cannot 100% say my figures are perfect but, I know they are better than Nancy Pelosi’s numbers. We would have lost 500 million jobs per month with out the Stimulus according to her. And you guys say Sarah Palin is dum.

    Tick tock, tick tock. A year and a half and no new jobs. Your guy is running out of time to make his program work. Tick tock, tick tock, months go by and he still can’t plug the damn hole. Tick tock, tick tock and you are planning on him losing in Afghanistan.

    You know he might actually beat out Carter as the worst President of the last 50 years.

    • [From what I’ve read President Obama promised to save or create 3.5 million new jobs by the end of 2010 with the Stimulus. Well so far he has had a net loss of 2.2 million jobs.]

      I know this is beyond your intellectual capabilities, but those two statements are not mutually exclusive.

      [And you guys say Sarah Palin is dum.]

      Ha! You spelled “dumb” wrong! 🙂

  3. Amazing how much “blocking” the Republicans are able to do with no power to even get a floor motion passed or a bill on the agenda. This powerless rabble is “blocking” with such ferocious efficency. What exactly are they blocking? Where was this DNC “blocking” under President Bush with even more votes in hand than the RNC has now? I honestly don’t get it. I’m not being snide. Seriously, beside the power to rant on TV what power does everyone think the RNC has to do a single thing in Congress. None so far as just making noise as far as votes go. So what else is it then?

    • Gack. Saw the misspelling to late before I hit enter. My apologies.

    • [Where was this DNC “blocking” under President Bush with even more votes in hand than the RNC has now?]

      Republicans are using the filibuster to block everything just for the sake of obstructionism. The Democrats had the same power under Bush, but it wasn’t used to the extent it is now. The filibuster was never intended to be used for political purposes and the only way to describe the Republican’s use of it is abuse.

      • Wow, so the RNC rolled over on everything else passed in the last year? They mastered the filibuster and in effect rendered the DNC absolutely powerless. Absurd. The RNC can do nothing but bluster and yet they still get the blame. I blame them all as ineffectual nitwits who wouldn’t last a day in a productivity based organization. You can continue to hang you hat with the DNC as being one of the two parties of governmental failures. But you have determined subjectively that they are morally correct some how. They (both parties) have made themselves more self survival important than the governing of this country.

      • The RNC and DNC are committees who’s purpose is to get their parties candidates elected. You mean the GOP or Republicans, and Democrats.

        [They mastered the filibuster and in effect rendered the DNC absolutely powerless.]

        The problem is, everything needs 60 votes in the Senate to overcome the filibuster, and to garner that many votes requires watering down legislation and bribing legislators with perks and pork. That’s why the health care reform bill was such as piece of crap, as is the financial reform bill.

        Read the news, rat. You need to get informed if you want to have a strong opinion.

  4. Holly cow. You counter with semantics B.S.? You know what I meant Ben. Do you want to discuss, or snipe on wordcraft? I respect your opinion, but if we can’t get past the crap we know is flotsam and jetsam I can’t believe that you actually want to have a legitimate discussion. If your right the RNC has mastered the filibuster sooo well that they never got the Stimulus or Health Reform package through huh? What they did? Must have missed that day… I’m sure they at least they passed they FY 11 budget right? Nope. Nobody will even put a budget up for a vote before an election. That’s not and RNC/DNC thing either. That’a a cowardly spineless politician in an election year thing.

  5. Federal Reserve Chairman Ben S. Bernanke and then-New York Fed President Timothy Geithner told senators on April 3, 2008, that the tens of billions of dollars in “assets” the government agreed to purchase in the rescue of Bear Stearns Cos. were “investment-grade.” They didn’t share everything the Fed knew about the money.

    Huffingandpuffingpost

    So it’s always the Rs screwing the country? Looks like your Timmy boy has pretty dirty hands. But I never expected you to mention that.

  6. So why was Fannie and Freddie excluded?

    • I find it amusing that, as predicted, whenever anyone refutes a liberal’s alleged logic or disproves their claims, their first reaction is to label theat person stupid or crazy. That’s the only way they seem to be able to win the argument. Facts don’t prove anything!

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