Obama Wants To Hand Over Your Money to Big Banks To Gamble As They See Fit? Seriously?

Source: Minority Speaker Nancy Pelosi opposes Pres. Obama on Wall Street grab of your bank account./Getty Images

From Denny:  Forget about being a lame duck, President Obama is now toast with the American people.  Who the hell wants their President to sell them down the road just to make a government funding deal?  Yes, our President has decided, in his infinite wisdom, to give Big Banks everything their greedy hearts desire.  Unbelievable.

Two weeks before Christmas here are President Grinch, and his evil twin, Wall Street Grinch,  demanding that American taxpayers pay dearly for Big Banks to continue down the dangerous road of a constantly growing $800 trillion in out of control derivatives by bailing out the Big Banks when their risky gambling loses.  The U. S. economy only makes about $20 trillion annually.  How are we supposed to pay off this insane level of derivatives when they go bad?

Sen. Warren says, "Not so fast Mr. President; hands off taxpayers' money!" 
calling the $1.01 trillion spending bill 
“the worst of government for the rich and powerful.”  
Source: J. Scott Applewhite/AP

How can this President claim to be championing the Middle Class yet place our bank accounts at huge risk of steep losses by allowing Wall Street to take our money and play with it without our permission or any public discussion to explain these risks?  How can this President be so clueless as to do Wall Street's bidding?  Just how corrupt - or just plain reckless and stupid - is this White House?

Go ahead; shut down the damn government.  At least my money sits safely in its account for another day and is still mine not Wall Street's.  Clearly, this current government is more destructive open than closed down.

If that isn't clear enough, then now hear this:  Get your freaking greedy hands off my money, Mr. President!

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Warren leads liberal Democrats’ rebellion over provisions in $1 trillion spending bill: "Congressional liberals rebelled Wednesday against a must-pass spending bill that would keep the government open past midnight Thursday, complaining that it would roll back critical limits on Wall Street and sharply increase the influence of wealthy campaign donors."

What’s in the spending bill? We skim it so you don’t have to

Budget bill: Why one Wall Street provision stirs the deepest controversy:  "Derivatives. The tussle over swaps is the issue in focus right now. A goal of the 2010 Dodd-Frank financial reform law was to shift some complex financial contracts into bank subsidiaries that don’t have federal deposit insurance. That way, if swap trades turn sour, the problems won’t raise doubts about the health of the more plain-vanilla bank.  Banks want to push this provision out of the law, and haven't been able to get it done through stand-alone legislation. So supporters of the idea in Congress have slipped it into a larger must-pass bill."

Concern about those risks hasn't faded, even as the economy has been recovering from deep recession. One sign of the times: A forecasting publication, Gerald Celente's Trends Journal, just included "Bankism" as among the hot trends to watch in 2015. "In capitalism, businesses rise and fall on their own merits. No business is too big to fail. In bankism, too-big-to-fail banks don’t rise and fall on their own merits. They are saved by governments that in turn force the public to pay for banks’ mistakes," writer Nomi Prins says in the journal, describing the trend."

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Can The President Control Gas Prices? Yes, If He Learns How

Obama laughing with aides.jpg (Photo credit: edalisse)

From Denny:  As usual this White House gets things as ass backwards as the backward Republicans by just skimming the surface of political issues instead of drilling down into the details to achieve success and truly move the needle.

The Obama White House goes at everything from a frontal assault, never considering good old-fashioned guerrilla warfare, something women well understand and have practiced out of necessity for centuries.

Getting gas prices down to normal has not been a priority for this White House for three years and, now, years of ignoring the obvious has backfired.  Americans are furious at the lack of inaction and the high prices as evidenced by the recent polls.

Jockeying For Power: Tea Party Says Replace Boehner Over 2011 Budget Deal

From Denny:  The snake pit fought ferociously today delivering an intense political high stakes drama. Never mind there are 25 million people out of work and in dire need of jobs in America. Apparently, that is not a drama they find interesting enough to tackle when they can be jockeying for personal political power and recognition.

Congress and the White House were all about playing the game of "Screw You!" as much as possible, creating serious bad blood in each party. The snakes are fighting the snakes in their own parties: Republicans vs. Republicans and Democrats vs. Democrats.

Republican Snakes

Right now, the Republicans, via the Tea Party puppeteers, are jockeying to remove Boehner as Speaker and insert Eric Cantor in his place. "Didn't I tell ya?" that Cantor was up to no good? Read this: Government Shutdown and Cartoons: Courtesy of Tea Party and GOP

Democrat Snakes

House Minority Whip, Steny Hoyer, is trying to topple Nancy Pelosi. Yeah? Nancy has the majority of the Democratic caucus with her.  Unfortunately, Hoyer's 81 Dems were Centrists and helped the GOP make today's deal.

Here's what happened today in the vote

Remember last week when President Obama announced he had a deal with the GOP to avoid the government shutdown? As usual, the Obama Speak was Details to Follow After A While. So, today those details were voted upon by the House.  All the public heard was a bunch of confusing garble as to those details.

Obama, Senator Reid, Speaker Boehner and Rep. Hoyer, Pelosi's second in command, all made a deal. They shut out Nancy Pelosi, even though she is House Minority Speaker, not Hoyer.  Obama should be ashamed of himself.  It was Pelosi that helped him ascend in the first place by promoting him in the party.

Obama shut out female Speaker Pelosi from budget deal negotiations 

So, now he shuts out "the little woman" as too stupid to participate in the Big Boys Club.  He just throws his Mama from the train.  Got news for this ungrateful arrogant White House: As the saying goes, "When Mama ain't happy, ain't nobody happy."  Women voters do not like what they see coming out of this White House.  This was a huge error in judgment and political maneuvering.  Stay tuned for a terrible 2012 reelection where your base deserts you, Mr. President.

Good luck on getting the Independents to vote for you.  You will need it no matter how bad the GOP competition.  But then, I know good things are on the horizon right before the election that will turn the Republicans and the Democrats on their disobedient arrogant ears.  Stay tuned for what and who the voters will really choose at the pivotal moment since neither party has taken the plight of every day Americans to heart.

Today, House Minority Speaker Nancy Pelosi and 108 House Democrats voted against the Obama-Boehner budget deal. All Hoyer could deliver were 81 Democrats. The girl can play hard ball to a gang of fools even if the fools did help put the odious deal to a winning vote.  The House vote tally was 260-167, passing the budget deal.  Hours later the Senate voted to pass it with the vote of 81 - 19, sending the bill to Obama for his signature.  Without this bill passage, the government would have run out of funds tomorrow night.

Speaker Pelosi: " My caucus was not a part of the agreement and thus have no ownership of that or any responsibility to it — except that we don't want to shut down the government."

The budget deal contains a lot of ugly spending cuts primarily aimed at low-income people, women's health care and seniors to the tune of  $39.9 billion. It will fund the federal government through September 2011.

Tea Party and Conservatives Furious

Both the Tea Party and the conservative hard right wing of the GOP all want Boehner's head on a pike. They are currently busy blasting away at him on their blogs, demanding a real conservative excoriate Obama.  If Boehner won't do the deed then they will find someone with the courage to do it.  Do these guys ever talk about politics in anything less melodramatic than "the nuclear option"?

Speaking of rich people.  The IRS is still owed $330 billion dollars in unpaid taxes from primarily the wealthy in this country who just refuse to pay their fair share.  This budget deal cut funding to the IRS to collect those taxes.  How stupid is that move?

Check out Cenk Uygar about just what is in that budget cuts deal:

Budget Deal Breakdown - Cuts Hit IRS 

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