President Obama on the Economy & Financial Reform
Tuesday, July 6th, 2010 at
3:31 pm
The President speaks to the media about the strengthening economy and the necessity of financial regulatory reform after meeting with Federal Reserve Chairman Ben Bernanke at the White House. June 29, 2010.
Tagged with: Ben Bernanke • Economic • economy • employment • federal reserve • finance • financial reform • financial regulatory reform • jobs • recovery • Wall Street
Like this post? Subscribe to my RSS feed and get loads more!
@helltrackrider I note as well that capitalism may have been a foundation for financial success, but that’s not the only worthy kind of success and we might want some of that as well as other kinds. By not spending money on the health of the people, their education, and the like, we’re losing out on a lot of potential happiness and good living. That’s worthwhile in a society, even in sacrifice to financial concerns. We need a mix of wealth and other things to thrive as a nation.
Dumb and Dumber.
Pure lies. The only thing the U.S. manufactures is bombs and ammo. Try 40 million manufacturing jobs shipped out of the country. Blame are problems on Europe? How did the Free Market Capitalists thing that the nation would pay its bills after every possible job was exported? A good place to start might be to stop being such a compulsive liar.
@pgunn01 ” Any people anywhere, being inclined and having the power, have the right to rise up, and shake off the existing government, and form a new one that suits them better. This is a most valuable – a most sacred right – a right, which we hope and believe, is to liberate the world.”
Abraham Lincoln
pgunn01 you are on the same page as old Abe on this one .
@MrBullseye61 Maybe. Lincoln was a lot more complex figure than most people take him for (as many “great” historical figures). He was a great speaker, but really more of a crafty, clever-like-a-fox politician than the principled and uncompromising man he’s often portrayed as. Rights make sense within a system, but between systems (the situation described), I don’t know if it makes sense to talk about what people have or lack the right to do. At that point, it’s just power politics.
@helltrackrider The challenge on constitutionality is made in courts, which overturns things found not to be in line with the “stronger legal principles/guidances” that are in or amended into the constitition. That’s how our system works. FDR did not live forever and the supreme court could’ve reexamined these rulings at any time. Nothing has stopped them – they just felt that doing so would have no legal merit. Pretending you know the law better than the supreme court doesn’t make it true.
@pgunn01 Are you by any chance a philosophy major? or political science?
@MrBullseye61 I did a minor in political theory, and I have a strong interest in philosophy. I felt that I would be more helpful to the world studying the sciences, but I was very tempted to do one of those fields instead.
@MrBullseye61 Of course, back then I was a Libertarian, and occasionally debated on behalf of the local Libertarian Party – maybe had I felt that they’d eventually have a shot at power I might’ve gone into politics. Now, being a socialist, I have a different political philosophy that also has little chance at making it into the mainstream anytime soon
@workwillfreeyou That’s not true – we still have some level of manufacturing of a broad range of products, particularly products where a high level of capital investment and complexity is involved. It is true though that much of the simpler bulk manufacturing isn’t done anymore in the US.
People, read through the fine lines and look at their character and reactions. Especially, when Obama makes comments about the economy getting better… it’s a joke, wake up already. I trust gold and silver; they don’t plan my future: I plan my own future and create it through my conscious. That’s what the “secret” and 2012 is all about. It’s going to be painful, the environment changes from our solar system and going through this evolution. Just be on the right side, stop watching TV w/ ur beer
which one is aiding and abetting of fraud, money laundering or market laundering, and naked selling derivatives, these both are felons..
@pgunn01 Your right about Socialists not being being mainstream. Your 5% of the country but our President is Progressive Socialist and everybody sees what a vapid moron Liberals and Progressive Socialists are. President Obama did nothing to prevent oil from hitting the gulf shore. That’s Sick.
@chaumont20 You’re very confused. Obama is moderate -considerably more so than most of his party. It may be good politics to paint leaders of opposing parties as crazy buffoons, but it’s transparently false with Obama.We socialists are both far to the left of the democrats, and most democrats are at least a ways to the left of Obama.
As far as I can tell, Obama’s handling of the gulf was about as good as one might expect for an unforeseen disaster where the government has little relevant tools.
@pgunn01 A Socialist defending President Obama. Thank you very much for that. In what ways do you thing the U.S. A. is fundamentality flawed ?
Werent the oil rig workers from America.
Oil spill used to pass cap and trade.
1.56 Trillion deficit for the last 12 months.
Manufacturing gone to china and wont be coming back, and its still going.
Over 20 states now borrowing to pay unemployment extensions.
California broke along with obamas home state and others, who cant afford teachers.
13 trillion deficit.
Bp leader sold shares a few days before oil spill.
Countries around the world are no longer interested in buying US treasures.
0:29. That was one cold snub by Bernanke. Hmmmmm
loving the summer of recovery…what a joke!!!
@chaumont20 I would defend or praise any political figure as I see fit. For example, I think BushSr was quite a good leader in many respects, particularly foreign policy. In terms of fundamental flaws (meaning ones inherent in our system and hard to change), I have a long list (many of which do not relate to socialism per se). Campaign finance, a first-past-the-mark electoral system, inadequate provisions for central infrastructure or educational funding, weak provisions for true collectives..
@pgunn01 Obama should wear a suit with question marks all over it, like the riddler
nobody know exactly what he is, talks like a conservative Democrate,but his actions
label him as a radical liberal,and all the unanswered questions about his past
also make keep you quessing.
@federalwarhawk I think I understand what he is – he’s simply a moderate democrat who believes in “technocracy”. There’s nothing that odd about it – he’s hardly a radical liberal (if he were, I would like him considerably more provided he were still well-informed and handled the duties of his office well), nor do I really see unanswered questions about his past. Given the challenges, we’d likely have seen a similar response from a Republican.
I made 18K when Bush entered office, and 56K when he left. I was laid off in February, a year into Obama’s reign. Obama is not doing a thing to help people get back to work, which is really too bad. I never thought I would say this, but I want Bush back. At least then I would have a job.
According to a former investment banker, this new Reform Bill is only “cosmetic.”..the only positive side is the consumer protection.
It’s the ECONOMY JACKASS !!!!
Which of You Know GOD ?
Who ?…………….