Just How Historic Was Obama's First Term?
SLIDESHOW: Just How Historic Was Obama's First Term
Obama is the first infanticidal president.
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Obama is the first infanticidal president.
Barack Obama has surpassed the misery of Jimmy Carter's administration
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It was historic,... an historic deception of the American people
So, whatever we are now is his doing. That makes him historic----even though we are only talking about 3.5 years which, basically, is when time began.
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The national debt
will likely reach $16 trillion this year. Obama is on track to increase the national debt by $6.2 trillion by the end of his term (with an average of $4.2 billion per day), which is more debt than was accumulated by
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The national debt will likely reach $16 trillion this year
. Obama is on track to increase the national debt by $6.2 trillion by the end of his term (with an average of $4.2 billion per day), which is more debt than was accumulated by all presidents from George Washington t
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Obama debt hole deeper than George W. Bush's in less than half the time Read more: http://www.foxne
President Obama once asked a campaign crowd in 2008 what to do when you're trying to get out of a hole. Uniformly, the crowd responded: stop digging. Yet three years into his term, the president is digging a deficit
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When Obama was campaigning
he called the debt increase under Bush "irresponsible" and "unpatriotic." Read more: http://www.foxnews.com/politics/2012/03/20/obama-debt-hole-deeper-than-george-w-bushs-in-less-than-half-time/#ixzz1uxpG4kHH
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8 votes
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62% | ||
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0 votes
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0% | ||
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1 vote
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8% | ||
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0 votes
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0% | |||
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2 votes
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15% | |||
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2 votes
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15% | |||
Read More: http://townhall.com/tipsheet/elisabethmeinecke/201...
Top Opinion
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The River Rat 2012/05/15 22:33:31
Cut salaries for 65 bailout executives (Pay Czar)
Banks have repaid 75% of TARP funds, bringing the cost down to $89B as of June 2010. .
Closed offshore tax safe havens, tax credit loopholes.
Created the Financial Stability Oversight Council to monitor stability of the financial system and individual firms
New requirements for reporting financial data
Created self-funded Office of Financial Research (OFR) to collect information from financial firms
OFR employees must wait a year before working for certain financial firms.
Provided for orderly liquidation of financial companies )
Limited trading activities of banks (Volcker Rule) beginning 2 yrs after passage
Swaps Pushout Rule prevented federal assistance to swaps (including derivatives) traders
Derivatives must be traded transparently through a clearing house
Defined the amount and nature of assets required to meet capital requirements Originators of asset-backed securities must retain 5% ownership/risk
Bureau of Consumer Financial Protection
Stronger client fiduciary duty for broker-dealers
Higher standards for securities advertising and disclosures
Expanded “insider loans”
Hi...
Cut salaries for 65 bailout executives (Pay Czar)
Banks have repaid 75% of TARP funds, bringing the cost down to $89B as of June 2010. .
Closed offshore tax safe havens, tax credit loopholes.
Created the Financial Stability Oversight Council to monitor stability of the financial system and individual firms
New requirements for reporting financial data
Created self-funded Office of Financial Research (OFR) to collect information from financial firms
OFR employees must wait a year before working for certain financial firms.
Provided for orderly liquidation of financial companies )
Limited trading activities of banks (Volcker Rule) beginning 2 yrs after passage
Swaps Pushout Rule prevented federal assistance to swaps (including derivatives) traders
Derivatives must be traded transparently through a clearing house
Defined the amount and nature of assets required to meet capital requirements Originators of asset-backed securities must retain 5% ownership/risk
Bureau of Consumer Financial Protection
Stronger client fiduciary duty for broker-dealers
Higher standards for securities advertising and disclosures
Expanded “insider loans”
Higher standards for sytemically important ($50 billion assets+) institutions, including annual stress tests and restrictions on bank acquisitions
Executive compensation must be determined by an independent committee
Issued compensation guidelines for bank executive salary and bonuses.
Financial agencies must establish Offices of Women and Minorities to promote more diverse hiring
Credit Card Accountability, Responsibility and Disclosure Act.
Credit CARD Technical Corrections Act of 2009.Established a credit card bill of rights
Reformed credit card swipe fees
Created new criminal penalties for mortgage fraud.
Congress pursued Goldman Sachs for securities violations.
Permanently extended Research and Experimentation Tax Credit
And that is just the tip of the iceberg.
YAWN.
Read more: http://www.foxnews.com/politi...