Only a Teapublican can look at the financial meltdown of 2008 and decide that we should carry on with a "Business As Usual" mentality.

"Wipe out half my 401K? Screw it! Give me more!"

Nancy:

Tell Elizabeth to run for the Senate. You can beat Senator Brown.

Yes, by all means, LESS regulation of the do-gooder banks.

After all, we LOVE recession. We LOVE unemployment. We LOVE the devastation that financial meltdowns did to our retirement accounts. We LOVE deficits.

We LOVE big bloated bonuses for big bank blowhards.

We LOVE recession. We LOVE unemployment ....

(If you think I'm repeating myself, you're right. In fact, I feel a history re-run coming on.)

I know you love all those things AM, you continue to support Obama.

You see the new home sales number? Another "unexpected" drop.

So let's see what else has Obama done? Well unemployment is on the rise. GDP on the decline.

Yep, must be those mean nasty banks. Speaking of which, you checking out all the good work being done over at Frannie and Freddie? Heard anything about that lately? Of course not, nothing to see there. At least nothing good.

Oh yeah, I'll say it again. Buy gold. Dude, it is rocking. Hand, fist, over. :)

The fact that legislation was NOT passed to regulate the "Too Big To Fail Banks" still astounds me. Another bubble bursts and it's going to happen again.

We need some form of regulation in the form of the Glass–Steagall Act to assure that when our friendly, neighborhood bankers guess wrong again, it doesn't bring down the whole system.

Remember, this large national debt is W. Bush’s and Mr. Bush owns this. Facts are facts.

It is rather interesting Ira.

Now refresh my recollection. Wasn't there a time, not that long ago, and after the melt down that the Dems had total control over congress, and held the white house?

Could those fine dems not have passed absolutely anything they wanted to?

And yet...? Kinda makes you wonder if the dems are not beholden to the banks.

What is it that conservatives fear so much about women?! All you can do is attack, denigrate, belittle.

It just makes any of your arguments more transparent. We already know you hate anything that helps consumers, as evidenced by your attacks on CFPB. Your attacks on women are becoming equally transparent.

Job1 - more intelligent reporting I see. You wouldn't know fact from the fiction you spew. Why not do a historical search on Americas debt and then tell us about how bush owns it.

Look up siasd in the dictionary and you will see a picture of job1.

Spanky,

When the Stimulus was passed there certainly could could have been companion legislation to control the investment activities of the banks and increase the enforcement powers of the SEC. The Act that was passed by the then Democratic controlled house was so watered down it does nothing to stave off another collapse.

AM: After all, we LOVE recession. We LOVE unemployment. We LOVE the devastation that financial meltdowns did to our retirement accounts. We LOVE deficits.

You Liberals must love them. You certainy do the things that produced these problems.

This administration is the greatest wet blanket to business, and progress and job creation in my lifetime. This is Obama's deal and it's Obama that's responsible for this fear in America."

Steve Wynn - Business owner - Democrat

Source: http://www.fox5vegas.com/story/15111560/wynn-bashes-obama

Not the Change Obama was looking for I'm sure.

Spanky: Wasn't there a time, not that long ago, and after the melt down that the Dems had total control over congress, and held the white house?

Could those fine dems not have passed absolutely anything they wanted to?

Well, except for the fillibuster provisions that meant any member of congress could hold up any vote for no reason.

And the fact that there was the stated intention to make Obama fail at any cost.

And the rigging of financing regulations to change the way corporations were able to use money in politics.

Maybe we would all be better served to remember what caused the banking crisis- and to take steps to avert any such crises in the future

http://www.nytimes.com/1999/09/30/business/fannie-mae-eases-credit-to-aid-mortgage-lending.html

Please note the date of the article. Please also note the predictions of exactly the outcome that was realized.

Looks to me like the cause of the problem is pretty clear. The solution is pretty obvious, too.

So basically Ira, you are saying what I've been saying all along. The democrats had full control between 2008 and 2010. They could have passed stringent legislation, but failed to do so... probably to protect their own interest? I don't see how Bush owns any of this like some faithful liberals have said.

Said Liz Warren:

I'm grateful to you for getting us here, but it is ironic that tomorrow there is another fight to try and kill this agency -- another fight to try to cut the legs out from underneath it before it's able to help American families,

American families have had enough of Obama and his administration "fighting" for them. All this fighting has produced a 9.2% and rising unemployment rate. 14 million unemployed and 10 million more under-employed, a stagnant 1.8% GDP, and a shrinking tax base.

Maybe if Obama and his minions like Warren used another strategy, like working with private business to produce the best possible outcome for both businesses and the government. I know, Obama isn't capable of such a thing, he'll just keep pounding businesses with more of his populist attacks and rants against them.

american-2051576

I have done that and it is clear, so clear that even a 6 grader can understand. The large national debt is W. Bush’s and Mr. Bush owns this. Facts are facts.

FR: Tomorrow's legislation, H.R. 1315, would decrease the threshold needed for the Financial Stability Oversight Council (FSOC) to override regulations issued by the Consumer Financial Protection Bureau (CFPB) from a 2/3 super-majority, to a simple majority.

So are Liberals for super-majority votes, or against super-majority votes? Or does it depend?

Brianb-999431..

Bush owns the debt that Obama inherited...no spin.

Obama increased the debt.....no spin.

Who owns the economy? According to DWS....the Democrats do. I didn't say it, she did.

Now, with respect to the Too Big To Fail discussion....the fact that our elected officials on both sides of the aisle watered down a bill that would have prevented this sort of catastrophe agaim just shows that both the D and R politicos are beholding to the banks.

No spin

Spanky:

Oh yeah, I'll say it again. Buy gold. Dude, it is rocking. Hand, fist, over. :)

Indeed.

But who knows, and what happens if it falls? You're buying it a too little high for my comfort.

All I know right now is that I like my cash to be in cash.

I wonder if Nancy was gracious enough to offer her a brooms-eye view tour of the Capitol??

JoAnna:

So are Liberals for super-majority votes, or against super-majority votes? Or does it depend?

It always depends. Same with Republicans.

For example, I recall that Republicans were for term limits until they finally got some terms.

Haven't heard a word about term limits since.

And in 2005, when Bill Frist threatened to end the fillibuster by invoking the so-called "nuclear option" ...

http://en.wikipedia.org/wiki/Nuclear_option

... Republicans probably didn't foresee that they, too, would benefit from those fillibusters some day.

Like when they lost the Senate.

So, yes, it IS all relative, isn't it?

Boy, when Nancy was speaker, she kept the Democrats in line. Too bad the current speaker has a problem doing so, with his people.

I hear you AM, but offer this:

1. It was "too high" when I was paying $650. That is a steal now;

2. I love cash as well, but when it collapse how many New Dollars will it take to equal an Old dollar. See we saw how this movie ends - Zimbabwe (?). New Dollars suck, gold rules.

Plus there is the golden rule, so I got plenty of lead.

Aug 2010 they spent $370 billion, but took in only $165 billion.

Hello New Dollars.

Oh and Fielden you all had super majorities and the WH yet still were controlled by the republicans? Really, if true than why vote at all?

Sucks to be so utterly powerless, right?

President Obama's approval rating couldn't have anything to do with how the republicans are outing themselves and what they really plan on doing to us. (HINT Wisconsin knows)

These republicans are showing us just the kind of idiots that the President has to deal with daily.

How could we not admire him?

Approval ratings?

Back to polls eh?

Sure let's go with the "polls" - Obama's at 9.2%, a truly horrible number and 1.4% gdp, and even worse number.

Polls are super important, particularly his own internal polls. I don't suppose you have heard what they are saying?

How about facts.

Clinton -----raised taxes several times and we had low unemployment and were growing our economy.

Bush--------gave tax cuts to the rich, started wars and we still lost jobs.

Obama-----stuck with tax cuts to get unemployment for the poor, still stuck with the wars and we slowly are gaining jobs. Obama like Clinton wants to raise revenue for our country. Its not like it didn't work before.

I don't know about you, but I live here and want a healthy country. We need to end all wars, raise taxes on the ultra rich who have had an incredible bargain this last 10 years and slowly start paying down the debt without destroying social security as we know it. Most of us have children that want to retire one day and will need that money and shouldn't have to wait until they are 70.

This whole debt thing is nothing but fauxrage. The republicans excuse to dismantle American and hand it over to the rich and religious. I forgot about ending abortions.

The republicans seem to think it is more humane to force a baby to be born and then starve it to death.

Gosh American First - you should call Obama and the crew and tell them that this is all a big HOAX perpetrated by Fox.

I bet they would really appreciate that, cause they seem to be taking it kinda serious like.

job1 - sad that your facts fly in the face of the governments own historical debt record. But since it doesn't come from some op-ed left wing publication the government historical record must be a lie. Maybe obama released a special edition for siasd people like yourself. LMAO!

Then again, obama did mention something about "hope and change".

This whole frenzy is a faux hoax. I'll bet they have been driving up the whole frenzy on how much we are in debt and all the money President Obama is spending for months. How many specials have you seen on the subject? How about President Obama destroying economy, surely you have heard that one. The democrats are so unreasonable for not giving us every thing we want....the last part is not supposed to be out-loud.

The debt ceiling is real. In the past it was just housekeeping, just agreeing to pay the bills you have occurred. I'm 62 and don't remember this being a problem before.

Now suddenly, I am sure thanks to faux, raising the debt ceiling will end the world unless we agree to massive cuts and absolutely no tax increase on their rich friends uh...job creators is the new correct garbage.

Ya think, Salt Grass? Check out these links:

http://thinkprogress.org/politics/2010/12/13/134703/bachus-serves-bank/

http://thinkprogress.org/economy/2010/10/25/173592/bachus-begs/

http://www.rollcall.com/news/41311-1.html

http://thinkprogress.org/economy/2011/07/20/273744/bachus-cfpb-success/

And before all you righties jump all over these because of the source, just remember that attacking the source does not make the facts any less true.

Buy a clue. This is consumer protection. It has to be strong to protect the consumer from the rich banks. It has to be strong to protect the consumer from politics.

The republicans want to gut the program before it starts. Predatory lending and high credit card rates are important to protect in the GOP mind.

The main problem with this agency is that its protects the consumer and not the rich. No republican can abide with that.

Pride and Joy,

Have you seen or heard Steve Wynn's teleconferance call about Obama's effect on American Businesses?? Steve Wynn is CEO of Wynn Resorts. VIP in Las Vegas.

Very enlightening.

Exerts from the article:

"Speaking on his quarterly conference call Monday, the hotel and casino magnate equated Obama's speeches on redistribution to socialism, saying it has prevented business growth."

"Wynn says Obama's policies stopped him from an expansion in Las Vegas that would have created 10,000 direct jobs.

And he clearly draws a line in the sand for the upcoming election.

"The business community in this country is frightened to death of the weird political philosophy of the president of the United States," Wynn said. "And until he's gone, everybody's going to be sitting on their thumbs.""

=======

Interesting that Mr. Wynn is able to say that policy "stopped" him from expansion and creating 10,000 direct jobs, yet no mention exactly of what those policies were that would cause him to stop.

Also interesting that on the conference call he notes that "speeches" by the President have somehow prevented business growth.

A little more would be nice Mr. Wynn. What 10 factors have been in place where businesses have otherwise said 'it's time to expand', but then happened to turn on the tv and noticed the President speaking about socialism and the redistribution of wealth, and then the business owners decided 'well...even though all my other indicators say it's a 'go' for expansion (while under this President mind you) but that same President has a "weird" philosphy, so I'm not going to do anything?

Which is it Sir? Either the business environment that the President is residing over is able to put you in a position of expansion or the business environment that the President is residing over is scaring you? Can't have it both ways.

If the President's business philosophy is scaring you that's a notch against the President, but if the business environment the President is residing over is one in which you can expand in that is a notch for the President.

You pick. Either way, you're a hypocrite.

http://www.fox5vegas.com/story/15111560/wynn-bashes-obama

Edward, that needed to be said and Steve Wynn is just the person that needed to say it... I wish that the Democrats would decide to run someone against Obama.. I might very well swing my vote their way, if they did.. The Republican lineup is a joke, with the exception of Herman Cain. I can not tolerate Bachmann...

Allen, thanks for that discussion.

Something else that is important when considering Wynn's remarks is that Las Vegas is practically a business cemetery right now. Thanks to the Bush Recession and that regime's failure to implement even the few surviving regulations on banks and other practices, Las Vegas is the motherlode of home foreclosures, a sinkhole of unemployment, and ground zero for overbuilt gaming and hospitality businesses. A massive, incredibly expensive, new central complex in Las Vegas was completed just as the world economy was crumbling in 2008-2009.

Wynn would be entirely out of his mind to build more, and he knows that perfectly well.

His bluster is purely posturing and BS.

Perhaps would would understand more if you read more of the article, rather than excerpts

Well, here's our problem. There are a host of opportunities for expansion in Las Vegas, a host of opportunities to create tens of thousands of jobs in Las Vegas. I know that I could do 10,000 more myself and according to the Chamber of Commerce and the Visitors Convention Bureau, if we hired 10,000 employees, it would create another 20,000 additional jobs for a grand total of 30,000. I believe in Las Vegas. I think its best days are ahead of it. But I'm afraid to do anything in the current political environment in the United States. You watch television and see what's going on, on this debt ceiling issue. And what I consider to be a total lack of leadership from the President and nothing's going to get fixed until the President himself steps up and wrangles both parties in Congress. But everybody is so political, so focused on holding their job for the next year that the discussion in Washington is nauseating. And I'm saying it bluntly, that this administration is the greatest wet blanket to business, and progress and job creation in my lifetime. And I can prove it and I could spend the next 3 hours giving you examples of all of us in this market place that are frightened to death about all the new regulations, our healthcare costs escalate, regulations coming from left and right. A President that seems -- that keeps using that word redistribution. Well, my customers and the companies that provide the vitality for the hospitality and restaurant industry, in the United States of America, they are frightened of this administration. And it makes you slow down and not invest your money. Everybody complains about how much money is on the side in America. You bet. And until we change the tempo and the conversation from Washington, it's not going to change. And those of us who have business opportunities and the capital to do it are going to sit in fear of the President. And a lot of people don't want to say that. They'll say, "Oh God, don't be attacking Obama." Well, this is Obama's deal, and it's Obama that's responsible for this fear in America. The guy keeps making speeches about redistribution, and maybe we ought to do something to businesses that don't invest or holding too much money. We haven't heard that kind of talk except from pure socialists. Everybody's afraid of the government, and there's no need to soft peddling it, it's the truth. It is the truth. And that's true of Democratic businessman and Republican businessman, and I am a Democratic businessman and I support Harry Reid. I support Democrats and Republicans. And I'm telling you that the business community in this company is frightened to death of the weird political philosophy of the President of the United States. And until he's gone, everybody's going to be sitting on their thumbs.

Now, I don't know about you, but without going into explicit detail, (which he claims would take three hours), he mentions fear of upcoming healthcare regulations, taxes, redistribution, and, in general, the "weird political philosophy" of Obama.

He is not alone.

Now...Im no Obama fan BUT if you had such a dysfunctional Congress as this one, coupled with the expectation is that the next Congress will be even more devisive, would you actually put them ( CONGRESS) in a position of oversight?

Really?

Do you think anything would get done? Don't you think that the quality Congressional oversight would be affected by the fact that all Congress-persons are heavily lobbied and owe favors to Lobbies?

For decades now, we have all known that Congress is dsyfunctional and that it has steadily been getting worse...Think about it over 200+ judicial nominations are stalled because the various senators hold JUDGES to litmus tests. It's like they don't even understand or care about the trickle-down effect of this style of governing.

Since lobbying is so effective, wouldn't you as a Wall Street leader, provide money to lobby Congress to effect the CFPD and control ist funding to make it do what you want?

This is America you know... Have you been watching? The only fix for these kinds of "side-step" manouvers is to enact term limits and make sure that re-districting stops. Neither of these two ideas has a chance in hell.

Would you enact legislation that would put you out of a job?

Remember, Congress is not out there battling for you and I. They are in it for themselves

Steve Wynn ... isn't that the guy who accidently put his elbow through a Picasso? Real classy guy.

http://www.newyorker.com/archive/2006/10/23/061023ta_talk_paumgarten

Yeah. Who the h#ll is Steve Wynn, and what make his personal opinion worth listening to?

Okay, Amy, now perhaps you will be so kind as to explain what that has to do with hia comments about the business climate under this president.

Heartlight, he is an "EVIL" rich person that owns and operates businesses in Las Vegas.. He also puts his elbows threw a "Picasso" that he owns and cancelled the sale of after he made the mistake. He also heavily backs Harry Reid, so that would probably render his opinion worthless, right?? Not so much for me.. I could care less if he and Harry were Siamese twins, there has to be good cause for a predominately Democratic backer to make the comments he did... Just sayin!!!

Uh, Amy - Wynn is either legally blind or functionally blind.

But do continue to make fun of his physical disabilities. You know like you libbies did yesterday with Bachmann.

Cause apparently physical disability is to be mocked by the kind hearted libbies. Or is it only in conservatives? Cause Wynn is a dem.

Thank god you are perfect Amy.

Oh and John - you forget about Obama's crack that business and people should stop going to Vegas? I sure didn't, and neither did Goodman or anyone else in Vegas.

Heartlight, Steve Wynn is the man who, upon inheriting his father's string of money losing bingo parlors, (and $350,000 worth of debt), parlayed that losing enterprise into a successful resort and real estate company.

He is the man who reinvented and reinvigorated Las Vegas from its slide into seediness, to a thriving business and vacation destination.

He is a man with retinitis pigmentosa, which has rendered him virtually blind.

Leave it to a soft hearted liberal to make fun of someone with a visual disease causing damage to his OWN painting.

Come on Amy, you know the right thing to do would be to retract your comment. See liberals can be callous too......

Pride and Joy, it has been a very long time since I have read such a stupid, inane and . . . well, I think stupid and inane just about covers it . . . post on here. Mostly because I have a lot of stupid and inane people on ignore (what a great tool! I'm a convert!!).

And, as others have either explicitly asked, or implied, who cares what Steve Wynn has to say? I know who he is, have talked to some LV locals when I've been there, and he really is not someone I would have any respect for. Just because he is rich and claims to be a democrat, doesn't mean he gets automatic respect. Shoot, look at some of the posts on this board of people who claim to be Christians.

ksw, I, too, assumed that Amy just did not know. I was wrong.

See, I clicked her link- and the description of his eye disease, and its affect on his vision, is prominent in the description of the accident with the painting.

I guess for Amy, it is a sign of poor breeding to be afflicted with a disease.

Tells us all we need to know about Amy's "class".

Lessness.

If I had an eye disease I wouldn't back up to a Picasso while flinging my arms around. Just because he has money doesn't mean he's responsible enough to own a Picasso. Obviously.

Amy, I used to think you were simply immature.

No. I'll be honest- I used to think you were a twit.

Now I know better. You are the coldest, most inhumane creature ever to draw breath. Moreover, your " moral code" centered as it is around one flawed politician, is so seriously skewed you would not know right from wrong if you had a map, interpreters, and a guide.

You are the most morally inferior human being I have ever had the misfortune to come across. And you are indicative of the rest of your cult.

Now go whine to the other members of your treehouse about how "mean" I was to you- but, p.s.-

Remember that kid in the schoolyard the "cool kids" convinced to eat bugs? Well, remember that, Amy, the next time they convince you that you are an "intellectual".

You can't even remember that Debbie Wasserman Schultz's name is "Debbie". You claim to ADORE her- yet, you continually call her "Wendy".

And don't blame the iPad- mine does not do that.

Is this a diatribe? It sure as heck is- I reserve them for bigots, and the kind of people who make fun of others' disabilities. That you are incapable of decent shame over your disgraceful comment tells me all I need to know about the cult of the Obamaphiles.

Now go whine to your Klubhouse "friends". Maybe Jody will lend you her paperback copy of Obama's greatest speeches.

One more thing-

The last time I went off on somebody like this, it was under the old format. There was someone called Jerry from Corpus Christie.

He was a a righty- and a racist.

I told him what he could do with his views, in no uncertain terms.

You are in rare company, Amy. You and Jerry from Corpus Christie.

Birds of a feather.

I am ashamed of you Amy.

You comments are just disgusting.

Thank you No Joe for digging up the entire transcript of Steve Wynn's Telecnference call.

umm, nojo, you infinite liar,...this most certainly wasn't the LAST time you went off on someone; but it surely speaks to your complete lack of honesty on any subject, doesn't it?

You are so PRICELESS as the victim and the phony outrage just isn't a good look for you DEAR!

Pay close attention to comment #11,...nojo/Donna - you are such a fraud,...crawl back to your hole, oh crazy one,...we've got your number here, pssst this was the NEW format,...

http://firstread.msnbc.msn.com/_news/2010/09/02/5031846-first-thoughts-mayday-mayday

Ha ha. I DO call her Wendy. Why do I do that? Thanks for pointing that out.

NoJo I don't have the salivating admiration for Las Vegas Casino billionaires you do. Perhaps its my art school education, but I feel Picassos should be treated with respect and not as props for rich gamblers to enhance their image. Most people learn as kids to be careful around valuable things, too bad this painting was in the vicinity of such careless elbows.

Not an intellectual? No, I'm not an intellectual, but I know what is important and what is not. No worries, you haven't hurt my feelings. I'd put you on ignore if you really got on my nerves, like Spanky and Mixed Bag, which you don't.

So much for Mrs. Holier than thou not making personal attacks...

That one is most definetly a 'keeper' especially the reference to her I-Pad. Let us count the times she's blamed her crappy spelling on her gizmo...

In any event, Clara don't forget how she ran CA from Tuscaloosa of the board either!

The NJ ding bat is a real what's that word I'm looking for?

It begins with a 'C'? Hmmmm....

Oh yeah... 'charmer'... ;o)

Drive-by-----Of all the criticisms leveled at the President, the whole "czar" thing seems to be among the silliest. A particular topic or issue needs some special attention, a task force is created to examine it, the media puts the label "czar" on it and voila something is wrong. Presidents do this, regardless of party affiliation. Why is this something bad that President Obama has done but OK when Republicans do it?

d-b-o:

Try to post a comment, and you can't. Post XX, and it goes through.

I wonder what would happen with XXX. Someone ought to try it and see what happens. ;-)

AM -

I think that "XXX" bit is how they blog in Las Vegas, in fact.

"And there's LOTS more regulation needed, too."

Yes, of course... these busy-bee socialists have to get a stranglehold on what's left of the private sector.

More job killing, Nanny State, favors-to-insiders regulations coming !

The biggest job killer was bush's voodoo economics that tax cuts create jobs.

I find it interesting that Clinton could raise taxes several times and it did not kill jobs, actually the economy was getting better and we were paying down our debt.

The republicans fixed that, tax cuts for the richest and started digging the hole. It has been obvious that the republicans have been doing the right thing so far, let just trust them some more.

Looks to me like the republicans should cut 4trillion now- let Obama threaten to veto it.

Everyone knows he folds like a cheap tent when given the opportunity.

http://www.politico.com/news/stories/0711/59486.html

Seems like just two days ago he said he'd veto any short term deal. In fact, it think it was.

Me too Andy, she has the ability to cut to the chase and doesn't mince words.She scares the bejeesus out of rep/tprs and the bank folk, and will need a lot of money as they will fight her tooth and nail to keep her from winning, that's why the Pres couldn't nominate her for the Consumer Finanacial job......but she should be able to beat that empty headed pretty boy Scott Brown.

Run, Elizabeth Run!!!!