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Race Quotas Hidden in Finance Reform Bill to Cost Millions

Buried deep in the bowels of the massive financial-regulation bill the Senate passed Thursday are massive race- and gender-employment provisions that will cost countless millions to enforce and appear to duplicate other civil-rights initiatives already in place.

More importantly, all private financial institutions doing business with the federal government will be affected by them, sources tell Newsmax.

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How Does Obama Sleep At Night?

After the Senate passed the Finance Reform Bill, the President released a statement that read more like a fairy tale than truth. If there’s anybody out there who actually believes what this guy says below…please raise your hand. Here’s the last paragraph:

“I said when I took office we can’t simply rebuild this economy on the same pile of sand — on maxed-out credit cards, houses used like ATM machines, or overleveraged firms on Wall Street. We need to rebuild on a firmer, stronger foundation for economic growth. That’s why we invested in renewable energy that’s currently creating new jobs all across America. That’s why we’re reforming our education system so that our workers can compete in the global economy. That’s why we passed health reform that will lower costs for families and businesses. And that’s why I’m about to sign Wall Street reform into law — to protect consumers and lay the foundation for a stronger and safer financial system — one that is innovative, creative, competitive, and far less prone to panic and collapse. Along with the steps we’re taking to spur innovation, encourage hiring and rein in our deficits, this is how we’re ultimately going to build an economy that is stronger and more prosperous than it was before, and one that provides opportunity for all Americans.”

Obama Signs Finance Reform Bill

The Obama regime completed the second step of their socialist takeover of America today by signing the Finance Reform Bill. The bill which rewards financial institutions for bad behavior and penalizes the American consumer by making them pay for it will ultimately be another notch in the demise of the Obama regime in 2012 when America realizes, like healthcare, that government has no place in the private sector.

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Union Hypocrisy

The Wall Street Journal reported on Friday that unions are taking advantage of the high unemployment rate and are hiring non-union protesters to picket, march, and chant at demonstrations supporting union causes and worse yet, only paying them minimum wage!

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What’s Hillary Going To Do?

Much speculation is swirling around the possibility of Hillary Clinton jumping ship on Obama and running for President. I for one am going to go out on a limb and predict that this will come true. Clinton is an opportunist and can smell weakness and I think that if the predications come true about the Republicans gaining control of the House, and add the distinct possibility of taking control of the Senate, Hillary will announce her resignation from the Obama regime and prepare her campaign to run against Obama in 2012.

If the Republicans gain control of either house of Congress, or at least win enough seats to get within a few seats of the Democratic majority, this will put an end to Obama’s radical socialist agenda and lead to virtual stagnation for the last two years of his administration. If Clinton ran against Obama with a sort of “I told you so” mentality and could convince voters that she is the true moderate who can work with the Republicans then she would have a good chance of defeating or at least better competing against a Republican presidential contender especially if the Republicans fail to come up with a strong opponent.

Is Obama Regime Playing With Jobs Data To Buy Votes?

In what appears to be a sorry attempt to manipulate the jobs data reports to make the Obama regime’s economic policies look like they are having a positive effect, a closer look at two reports released today shows that every attempt is being made to try to gain support for Democrats running in this fall’s election.

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Our Economic Future and Why Obama Has It Wrong

In a must read article, economist John Williams predicts the future of the economy of the United States. Walter J. “John” Williams was born in 1949. He received an A.B. in Economics, cum laude, from Dartmouth College in 1971, and was awarded a M.B.A. from Dartmouth’s Amos Tuck School of Business Administration in 1972, where he was named an Edward Tuck Scholar. During his career as a consulting economist, John has worked with individuals as well as Fortune 500 companies. Mr. Williams’ understanding of economics is unparalleled.

I must warn you…his findings are a disturbing look into the future of the U.S. economy. Even before I read this article I was a believer that the Greenspan/Bernanke Fed and Obama’s spend and print policies will eventually lead to a collapse of our economic system followed by hyperinflation. For those of us who lived through the Carter years, the inflation of the day would seem like a bump in the road compared to what’s coming.

Read it here.

Did Attorney General Eric Holder Just Start A Race War?

Despite overwhelming evidence that two members of the New Black Panthers were standing outside a polling booth in Philadelphia intimidating white voters with a nightstick and calling them “crackers,” Attorney General Eric Holder has refused to press charges which could only lead to bolder moves by members of the Black Panthers and retaliation by groups opposed to these types of intimidation acts. AG Holder’s blatant disregard for the rights of voters of all colors to cast their votes without intimidation could lead to racial bloodshed during an election for the first time since the 1960’s.

See video here….

Famous Last Words

“These two entities — Fannie Mae and Freddie Mac — are not facing any kind of financial crisis,” said Representative Barney Frank of Massachusetts, the ranking Democrat on the Financial Services Committee. “The more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing.” (2003)

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Words Of Wisdom After The Housing Crisis

The House Financial Services committee on which I serve often passes legislation that wastes taxpayer dollars, harms the economy, and egregiously violates the Constitution. The “Zero Downpayment Act” recently passed by the committee is a striking example of a bill that does all three.

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Democrats - Give a man a fish, he eats for a day.

Republicans - Teach a man to fish, he eats for a lifetime.

Libertarians - Learn to fish or starve.