Daily Archives: June 17, 2009

President Obama Is Still a Community Organizer

There is some thing ROTTEN in DC What do you think.

Where’s the media on President Obama’s firing of AmeriCorps Inspector General, Gerald Walpin?

It has not been once mentioned on the evening news programs, in The New York Times, in The Washington Post (though its Federal Eye blog did cover the story.)

It got two short mentions in The L.A. Times and Boston Globe. And one small mention in each of the St. Louis Post Dispatch, Chicago Tribune, Orlando Sentinel, Pittsburgh Post-Gazette and Grand Rapid Press.

That’s it.

Here’s the one thing no one seems to understand: President Obama is still a community organizer, it’s just on a much bigger scale with much higher stakes. Continue reading

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Obama to Propose Sweeping Overhaul of Financial Regulatory System

Here we go at this rate it wont be long before the Constitution will be history, see if main street news tells you the whole story.



Tuesday, June 16, 2009

Under the plan, Obama would transfer some banking authority that now rests with the Fed and Treasury Department to a new Consumer Financial Protection Agency.

WASHINGTON — Setting up a certain fight with big business, President Obama is proposing a new regulatory agency to police lenders and protect consumers in credit, savings and other banking transactions .

The consumer agency and a newly empowered Federal Reserve will be two of the central elements of a broad overhaul of the financial regulatory system that the president will announce on Wednesday, officials said.

Already the nation’s central bank, the Federal Reserve would supervise large financial institutions that are considered so big that their failure could undermine America’s economy, according to the administration proposal. Continue reading

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