>>President’s plans for when Congress comes back
Posted April 7, 2010on:
The House has already passed Rep Barney Franks huge financial institutions overhaul bill that would in effect put Congress over the banks and therefore make ALL banks “too big to fail”. Why is this? Well because nothing is ever a failure if it is under government control. Just look at the Post Office, Medicare and Medicaid, Social Security and you had better grab your wallets and move to another country like the rich are doing because you are soon going to be taxed and taxed and taxed for Obamacare.
President Obama intends to get this bill thru the Senate. He wants total control of the financial institutions now that he has control of health care. Watch for the methodology in passing this bill; the Dems are getting really go at the underground government thing.
And by the way, the rich are not moving to Europe because Europe is way ahead of us in destroying their economies with ever higher taxes for social programs. Now some of these countries are on the verge of bankruptcy. Maybe this is good since when they collapse perhaps they will have learned not to go down the same road of big federal government again. BB
Outlook – Here is a preview of upcoming Democrat proposals to advance their big-government, anti-taxpayer agenda.
- The House and Senate will be out of session until the week of April 12. The Obama administration is reportedly pushing for Congressional Democrats to get a financial overhaul bill to the President’s desk by Memorial Day. H.R 4173, Rep. Barney Frank’s (D-MA) version of the plan, was approved with only Democrat votes on December 11, 2009. House Republicans unanimously joined with 27 House Democrats in voting against this bill, which would enshrine in law the notion that some institutions are “too-big-too-fail” and hand sweeping new powers to Washington.
- Each week, the RSC Budget and Spending Taskforce compiles a weekly report on the latest budget and spending news. Additionally, the RSC Money Monitor tracks how bills passed by the House affect authorizations, mandatory spending, and federal government revenue.