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Yesterday, Obama sought power to control non-bailout pay.Today, power to seize firms.

Discussion in 'U.S. Politics' started by Little-Acorn, Mar 24, 2009.

  1. Little-Acorn

    Little-Acorn Well-Known Member

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    Yesterday, President Obama was seeking expanded powers to control the pay of executives, in firms that had NOT gotten bailout money from the Fed govt. His actions were accompanied by assurances from his various advocates, that we could trust him to only do this with firms that could do great harm to the country by having financial troubles.

    Many of those same advocates were telling us just last week, of course, that we could trust him not to control ANY wages except those in companies that received bailout money.

    Today, he is trying to get the power to seize complete companies, again including those which did NOT receive any bailout money.

    Can I have a show of hands? How many still believe we're not heading deeper into a socialist form of government, at breakneck speed?

    Obama's Chief of Staff Rahm Emanuel said a while ago, that every crisis is an opportunity to do things you couldn't do during calmer, more rational times; and his Secretary of State Hillary Clinton quickly chimed in and agreed.

    Now we're starting to see exactly what they had in mind. The fact that most of these "things" are unconstitutional, doesn't seem to matter to these people.

    Never in the history of the United States have we had so many people, with such an extreme-leftist attitude, seated in so many of the highest offices in the land.

    And WE put them there.

    We get the government we deserve.

    -----------------------------------------

    http://www.washingtonpost.com/wp-dyn/content/article/2009/03/23/AR2009032302830_pf.html

    U.S. Seeks Expanded Power to Seize Firms
    Goal Is to Limit Risk to Broader Economy

    By Binyamin Appelbaum and David Cho
    Washington Post Staff Writers
    Tuesday, March 24, 2009; A01

    The Obama administration is considering asking Congress to give the Treasury secretary unprecedented powers to initiate the seizure of non-bank financial companies, such as large insurers, investment firms and hedge funds, whose collapse would damage the broader economy, according to an administration document.

    The government at present has the authority to seize only banks.

    Giving the Treasury secretary authority over a broader range of companies would mark a significant shift from the existing model of financial regulation, which relies on independent agencies that are shielded from the political process. The Treasury secretary, a member of the president's Cabinet, would exercise the new powers in consultation with the White House, the Federal Reserve and other regulators, according to the document.

    The administration plans to send legislation to Capitol Hill this week. Sources cautioned that the details, including the Treasury's role, are still in flux.

    Treasury Secretary Timothy F. Geithner is set to argue for the new powers at a hearing today on Capitol Hill about the furor over bonuses paid to executives at American International Group, which the government has propped up with about $180 billion in federal aid.

    The administration's proposal contains two pieces. First, it would empower a government agency to take on the new role of systemic risk regulator with broad oversight of any and all financial firms whose failure could disrupt the broader economy.


    (Full text of the article can be read at the URL above)
     
  2. Pandora

    Pandora Well-Known Member

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    Re: Yesterday, Obama sought power to control non-bailout pay.Today, power to seize fi

    Apparently we are lucky to have him; I just found out that it was Palin who was really the dirty socialist pig.

    Now back to reality:

    These people don’t care; they are dumb enough to think obama is so frakin great they will stand behind him while he does this, making excuses for him all the way. They have nothing to lose because they are losers who have nothing to take and have no desire to work to obtain the greatness others have already obtained.

    It’s good though that you point this out, I had not heard of this till just now. Ill read more about it.

    They will have to change their argument though; they were all for tearing up contracts and taxing people to death if they got a bonus because the government gave them a bail out. They will have to come up with a new excuse as to why it’s ok for obama to take from private companies. I suppose it will be along the same lines as why it is ok for obama to attack private citizens.
     
  3. chestnut

    chestnut New Member

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    Re: Yesterday, Obama sought power to control non-bailout pay.Today, power to seize fi

    Does anyone esle notice how the liberals have no defense on this issue. Because there is no defense of this type of govt control.

    Libs wont' be happy until all of Obama's agenda is complete.
     
  4. Butercupp

    Butercupp New Member

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    Re: Yesterday, Obama sought power to control non-bailout pay.Today, power to seize fi

    Are they trying to create a regulatory agency, or trying to get the government to actually run the company?

    I understand regulating (i.e. food and drug admin, fcc, etc...) But deciding the pay of executives would be a little to far.
     
  5. Butercupp

    Butercupp New Member

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    Re: Yesterday, Obama sought power to control non-bailout pay.Today, power to seize fi

    It would be much easier to take you seriously, if you didn't say "Libs are all crazy nut jobs"

    Drives me nuts. You don't see me saying "All Conservatives are <insert rude remark here>"
     
  6. Mr. Shaman

    Mr. Shaman New Member

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    Re: Yesterday, Obama sought power to control non-bailout pay.Today, power to seize fi

    This is what Porky Limbaugh is saying, huh?

    :rolleyes:
     
  7. chestnut

    chestnut New Member

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    Re: Yesterday, Obama sought power to control non-bailout pay.Today, power to seize fi

    O.K. Not all. But the argument holds true from the other angle as well. Not all conservatives are far right. And I did not say nut jobs.

    We really don't need to be divided into groups at all. I think that having us pitted up against one another - libs / conserv, plays into the hand of the govt very well.

    We all go so caught up in the crappy little arguments, and the govt just goes on and does what they want because there is not "ONE" united front, combined of both sides to go after them. It is really quite crafty.

    I say, we all put aside our small petty arguments for now... Not abandoned them, just put them aside, and as a united community, go after the Govt for the outrageous spending.

    3.7tril is too much for our budget. congress should be working for nothing. They need to abandoned their salary for a year.

    Until we stand United against Government, they will always have the upper hand. Which in turn, leaves us 'THE PEOPLE' powerless.
     
  8. chestnut

    chestnut New Member

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    Re: Yesterday, Obama sought power to control non-bailout pay.Today, power to seize fi

    Shaman. You must be obsessed with Libaugh. You like him or something? Is he always on your mind? You mention his name quite a bit. Maybe you should send him a love note or something.
     
  9. Little-Acorn

    Little-Acorn Well-Known Member

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    Re: Yesterday, Obama sought power to control non-bailout pay.Today, power to seize fi

    Chestnut, ignore him and he'll go away.

    Please.
     
  10. Butercupp

    Butercupp New Member

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    Re: Yesterday, Obama sought power to control non-bailout pay.Today, power to seize fi

    Was anyone going to comment on this?
     
  11. Little-Acorn

    Little-Acorn Well-Known Member

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    Re: Yesterday, Obama sought power to control non-bailout pay.Today, power to seize fi

    Obama's Chief of Staff Rahm Emanuel said a while ago, that every crisis is an opportunity to do things you couldn't do during calmer, more rational times; and his Secretary of State Hillary Clinton quickly chimed in and agreed.

    Now we're starting to see exactly what they had in mind. The fact that most of these "things" are unconstitutional, doesn't seem to matter to these people.

    Apparently, the intent is to set up government so that it can control anything, at any time, for any purpose. And the only thing to restrain government, is their own decision that maybe they shouldn't do such-and-such at this particular time.

    The Constitution forbids such actions, of course. It limits the Fed government's authority, to certain carefully defined areas, and says most everything else is reserved for the states and lower governments.

    But the Obama government seems content to ignore such bans, and go right ahead and regulate or restrict anything they want. In this, they are following the lead of nearly every administration since the 1930s. But they have tossed off ALL shackles, and seem to have no restraints at all. Their invasion of formerly-private matters and institutions, has accelerated at a rate I've never seen before.

    When you get rid of the restrictions imposed byt eh Constitution, government then has no restrictions at all.

    Was this what our country was designed to be?

    I can think of several that were designed to be that way. The U.S. isn't one of them. Do we want it to be?
     
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