Those Evil Republicans...and some Democrats...

"Who is going to hold these people's feet to the fire?" asks Fox News' Shepherd Smith? He was referring to the Senators who did not vote to give Financial Relief to the many men and women who risked their lives on 911 and went in to save fellow Americans. This is now a National Shame, that the measure was not approved ...





I actually agree with you Mr. Smith...


Jon Stewart said it like this...


The same question can be asked about the Dream Act and the failure of the Senate to pass this measure, and once and for all bring an end to the Torture these millions of innocent children are subjected to at the hands of some hateful people who prefer to watch these poor children suffer for no fault of their own, than to end the shameful cry of this being another Amnesty in disguise. I ask, If it is...What would Jesus do?


Mr. Smith must surely be rolling in his bed unable to sleep...as I am sure is Chris Wallace, two of the Fox Commentators who have been showing some hints of rationale and indeed conscience... something I saw briefly in the coverage given by of all people on Fox...Giraldo, during the Katrina Debacle.


Is the Republicans' plan Sabotage?


Another dicey issue getting the cold shoulder is the START Treaty and the shabby way these Senators are trying to derail it. It has been Eight Months since the Treaty has been finished, giving everyone ample time to address it. Are they willing to leave the Country and indeed the World on less stable ground by not Passing the Treaty, simply to make this President Obama's Waterloo? The answer appears to be Yes...


One wonders how far they will go to deny proper Health Care to the American People, as they adamantly proclaim their intention to repeal  the Obama Health Care that was recently passed. It appears these Republicans are not interested in helping or protecting the American people...but rather only wish to take care of their Corporate and Foreign interests...how Shameful.


Update...thanks to my well informed friend The Beekeeper's Apprentice, I have to add this piece of bad news to this article...
Apparently these Republicans thought that Child Marriages and the resultant torture and hardships they will endure, are a good thing and should be encouraged, hence the failure of a Bill S. 987 (The International Protecting Girls by Preventing Child Marriage Act), designed to put a stop to this very practice...see them for who they really are... by their Evil Deeds...

This article was written by the Author of the newly released book titled "Shock and Awe on America" which can be bought in print or for Kindle at Amazon.com
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REPUBLICAN CORRUPTION STILL STANDARD OPERATING PROCEDURE

The White House Blog

Putting the Economy at Risk to Protect Wall Street Profits
Posted by Dan Pfeiffer on May 12, 2010 at 05:20 PM EDT
When it comes to trying to defeat financial reform, Wall Street lobbyists just won’t give up. This afternoon the Senate began consideration of a Republican effort to wipe out the strong derivatives provisions written by Senators Lincoln and Dodd in the Senate’s financial reform bill.

Here’s the bottom line: the Republican substitute has weak standards for major market players and no transparent trading. It doesn’t require major firms to hold capital against their derivatives transactions, doesn’t require an open and transparent market, and doesn’t regulate the next AIG or ENRON.

So what does the substitute amendment do? It keeps risky derivatives trading in the dark and strips the Senate bill of provisions that would help prevent the build-up of risk that threatened the financial system in the financial crisis. It strips provisions that make the derivatives market safer and more transparent. It deletes whistleblower protections. It weakens rules on conflicts of interest. It eliminates a requirement that cleared transactions be publicly reported. And it deletes new authority for the SEC to set position limits – leaving room for Wall Street’s manipulation and abuse.

Derivatives exist to help businesses manage risk. They can help airline companies protect against an unexpected rise in fuel prices and they can help farmers lock in a price for their produce.

But derivatives can also allow big financial firms make large, risky bets in the shadows. For example, because of a lack of transparency in the derivatives market, AIG was allowed to place hundreds of billions of dollars in bets without the money to back them up if the bets went bad. And in the end, AIG built up so much risk through derivatives that it put the entire financial system at risk.

The Dodd bill would help prevent excessive risk in derivatives from threatening the system again.

In place of the unregulated market we have today, the Dodd bill would bring the derivates markets into the open. It would subject derivatives dealers to strong, comprehensive oversight with robust capital and margin buffers. And it would require that all standard derivatives be traded on exchanges or other electronic trading platforms.

Despite the enormous damage wrought by unregulated derivatives trading, Wall Street lobbyists are spending millions of dollars to weaken reform with loopholes and carve-outs that would exempt large derivatives traders from the rules of the road. The lobbyist might keep fighting, but it’s up to the Senate to show which side they are on, and throughout this process reform for the American people have won. We hope the Senate keeps up this winning streak and defeats this dangerous amendment.

Dan Pfeiffer is White House Communications Director