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Forum Post: Will Obama Fail We the People Again?

Posted 2 years ago on March 21, 2012, 1:25 a.m. EST by HitGirl (2263)
This content is user submitted and not an official statement

For those not already familiar with the current Wall Street drafted legislation known as the JOBS act, understand that it is a Death Star of deregulation that removes protections put in place by a wiser and more honest congress. It attacks transparency, investor protections and financial disclosure laws. It is cheered by investment bankers and venture capitalists - a sure sign that fraud and financial crises will follow in it's wake.

Both Senate Democrats and Republicans have been bribed and muscled to support this monstrosity. Beware! When a bill has bipartisan support, it usually means that We the People get screwed. If it passes only President Obama will be able to stop it. Why does this thought not cheer me? Why, instead, does it leave me with a sinking and hopeless feeling?

88 Comments

88 Comments


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[-] 4 points by TrevorMnemonic (5827) 2 years ago

Ever since the patriot act I don't trust 98% of the congress and I do not trust the president at all. They do not have the people's best interest in mind. Just the 1%'s.

[-] 3 points by HitGirl (2263) 2 years ago

Once again, the Puppets on Capitol Hill are about to slam the Muppets on Main Street. The country still hasn’t recovered from the Wall Street-induced financial cataclysm of 2008, yet Congress is preparing to enact the Orwellian ”JOBS Act”—a bill that should in fact be called the “Return Fraud to Wall Street in One Easy Step Act.” The bill will undo some of the most important reforms placed on Wall Street in a generation.

  • Eliot Spitzer
[-] 2 points by ThunderclapNewman (1083) from Nanty Glo, PA 2 years ago

I'll say one thing for the politicians in DC, HitGirl: They keep expanding the OWS job description! We have a LOT of work to do!

[-] 1 points by HitGirl (2263) 2 years ago

Just keeping your eye on what they try to sneak into bills is a full-time job!

[-] 2 points by Gillian (1842) 2 years ago

Probably. That's why I'm not voting for him. I was one of his biggest supporters but voting for him sends the wrong message-- a message that basically tells our leadership that they can screw us, disappoint us, destroy our nation and murder our soldiers in vein and that we will still play their game because we have no other choice in America.

[-] 3 points by HitGirl (2263) 2 years ago

Inaction is the opposite of activism.

[-] 2 points by Gillian (1842) 2 years ago

Right and why i'm voting for someone else.

[-] 3 points by HitGirl (2263) 2 years ago

You should vote for the candidate you feel is the best choice.

[-] 2 points by bensdad (8977) 2 years ago

hitgirl-
can you post a link to the bill with a reference to the sections you are talking about

[-] 3 points by HitGirl (2263) 2 years ago

Here's a link to William K. Blacks take on the Bill...

http://www.huffingtonpost.com/william-k-black/jobs-act_b_1366565.html

[+] -5 points by DKAtoday (27542) from Coon Rapids, MN 2 years ago

Thanks for the link. A very good article. I also posted it to my Twitter & Facebook.

[-] 2 points by HitGirl (2263) 2 years ago

That's cause you're always in for a pound...thanks...:)

[+] -5 points by DKAtoday (27542) from Coon Rapids, MN 2 years ago

We are here for a good cause - Thank you for continuing to provide good food.

We move forward together.

[-] 3 points by HitGirl (2263) 2 years ago

That's not to say there aren't some good ideas in the JOBS act, but it's got some toxic deregulation built-in that, given the proven greed and corruption on Wall Street, will result in fraud and the more naive investors will pay the price.

[-] 2 points by HitGirl (2263) 2 years ago

Here is some of the actual language. As you can see it is written in legalease so that voters can be baffled and confused...

Here, it may actually be worth taking a look at the bill itself. It prohibits:

… the SEC and any registered national securities association from adopting or maintaining any conflict-of-interest rule or regulation in connection with an initial public offering of the common equity of an emerging growth company that restricts: (1) which associated persons (based on functional role) of a broker, dealer, or member of a national securities association may arrange for communications between a securities analyst and a potential investor; or (2) a securities analyst from participating in any communications with the management of an emerging growth company that is also attended by any other associated person of a broker, dealer, or member of a national securities association whose functional role is other than as a securities analyst.
[-] 1 points by HitGirl (2263) 2 years ago

Here's the Forbes link with a breakdown of the Bill. Pay attention on the second page...

http://www.forbes.com/sites/jjcolao/2012/03/21/jobs-act/

[-] 2 points by bensdad (8977) 2 years ago

Thanks - I read it and it does sound like parts of this bill are not in the people's best interest. I would say two things - without being an expert in this area :
MAYBE the President - who is not a king - had to wheel and deal to get some good stuff and took some bad stuff too.


But we do ALWAYS go back to the same place-
getting money out of politics ( anti-CU amendment ) will eliminate or drastically reduce corporate ownership - of our government.


FYI- Obama IS in favor of a constitutional amendment to override CU

[-] 2 points by HitGirl (2263) 2 years ago

I'm not just dumping on Obama here. I think it is important to let our representatives know that we know what they're up to and we're watching how they vote.

[-] 2 points by TitusMoans (2451) from Boulder City, NV 2 years ago

For the same reason it leaves me with a sinking, hopeless feeling. So far President Obama has acquiesced to nearly all 1% commands. It seems like a Pavlovian response.

In the Manchurian Candidate, the enemy was a foreign power, but I believe the real enemy is right here and always has been.

[-] 3 points by PopsMauler (182) from Chicago, IL 2 years ago

Yeah, he is their stooge through and through. In all reality both parties are the same, you either go with the national agenda or you're out.

I've been thinking about it a lot, and voting for him won't be the answer. I will not vote for him in the upcoming election. Being afraid to vote for a third party candidate or a write-in just serves the 1% in the end.

We have to break from the supposed "lesser of two evils" paradigm that too many fall into at the ballot box. If we're going to insist in playing all angles, it should be as a third party. Not with either of the two sides of the one party coin, that just strengthens the status quo in the end.

[-] 1 points by TitusMoans (2451) from Boulder City, NV 2 years ago

Both parties are nearly the same, though at least some Democrats pretend to care.

I have about given up trying to change things via the ballot box, though I may change my mind as November approaches. The system is so rigged that regardless of the people we elect, the system basically remains unchanged.

Still, the Republicans seem intent on dismantling what little the 99% have left as far as social programs, government insurance programs, and general safety nets.

[-] 1 points by PopsMauler (182) from Chicago, IL 2 years ago

True, there are a few very rare examples. I think Ron Wyden and Bernie Sanders try to some degree. But the few good ones are small fish in a very big pond :(

Good points!

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[-] 2 points by HitGirl (2263) 2 years ago

He has been more politician than president. Sad. Certainly, he is no Mr Tibbs.

[-] 2 points by Demian (497) from San Francisco, CA 2 years ago

To answer your question yes hitgirl he will fail us again.

[-] 1 points by francismjenkins (3713) 2 years ago

Well, this is more likely an attempt to put up a proxy, so we get distracted from pushing for the real reforms the system needs. Obviously gains need to be protected, and there have some "minor" gains, but we need Glass Steagall back ... and nothing less (everything else is just window dressing, reforming around the edges, but not attacking the real problem).

[-] 1 points by HitGirl (2263) 2 years ago

I doubt if some of those lawmakers even know what a proxy is. Think you're giving them too much credit.

[-] 1 points by francismjenkins (3713) 2 years ago

I don't think you're giving them enough credit.

[-] 1 points by nickhowdy (1104) 2 years ago

Of course...

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[-] 1 points by HitGirl (2263) 2 years ago

Some people choose to remain ignorant despite all the evidence.

[-] 0 points by poltergist22 (159) 2 years ago

To me it's simple"Get control of the money and everything else falls into place"Money controls politics money controls jobs money controls your standard of living MONEY educates,feeds,money gets people killed.If you elected or convinced a few important politicians of your goals you could get control of the money and stop the corruption and mismanagement. I think a way to start is adopting this www.nationalday911.org

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[-] 3 points by HitGirl (2263) 2 years ago

That wasn't even a little funny.

[-] -1 points by leonardsova (-24) 2 years ago

This is a dumb post and those who cannot see that Obummer failed us a long time ago is delusional

[-] -1 points by mediaauditr (-88) 2 years ago

Considering Goldman Sachs has contributed to Obama's campaign more than any other private corp., I'd say there's little chance Obama would stop it. Opensecrets.org

[-] -1 points by ibanker (-99) 2 years ago

Could you enlightened folks tell me what aspects of the JOBS bill you disagree with? Have you read the whole thing?

[-] 2 points by HitGirl (2263) 2 years ago

Posting this link AGAIN. Forbes has the best summary. Page 2 contains the objectionable parts of the bill.

http://www.forbes.com/sites/jjcolao/2012/03/21/jobs-act/

[-] -1 points by ibanker (-99) 2 years ago

My only concerns are

  1. that the analyst can become a spokesperson for the investment banking side. I see conflict of interest

  2. Allowing general solicitation in Regulation D offerings. Everything else is good, particularly crowdsourcing and raising of shareholder limit to 2000

[-] 1 points by HitGirl (2263) 2 years ago

If you're interested, here's the link to Eliot Spitzer's remarks. Although, I don't agree that the whole bill should be killed...

http://www.slate.com/articles/news_and_politics/the_best_policy/2012/03/the_jobs_act_the_appalling_bill_that_would_repeal_essential_wall_street_reforms_.html

[-] -1 points by ibanker (-99) 2 years ago

Looks like Mr. Spitzer is trying to get back to a political career after his little scandal involving a hooker. well his concerns are legit and they all pretty much deal with just one aspect of the bill, which as I already said I am concerned about too. doesnt mean we should kill the whole thing

[-] 3 points by francismjenkins (3713) 2 years ago

Elliot Spitzer was a crusader against the abuses of Wall Street, and it's not like Wall Street execs aren't the biggest users of prostitution services on earth anyway.

[-] -2 points by ibanker (-99) 2 years ago

really? are we? how do u know?

[-] 1 points by francismjenkins (3713) 2 years ago

Not all of you I hope (I'm sure a married guy like yourself wouldn't pay for sex, at least not in most cases), but I watched a documentary on prostitution (just a few months ago), and Wall Street execs love their hookers. Certainly the least of my complaints with Wall Street, but it is funny. While I'm at it, I wonder how much coke these guys who are supposed to be protecting our money, shove up their noses? I bet drug lords love Wall Street (although, I think you said you're a mathematician, so I'm quite sure it's not your type, most mathematicians I know aren't inclined towards that sort of thing, although I know a few who love to smoke weed, which tells me they have brain cells to spare) :)

[-] -1 points by ibanker (-99) 2 years ago

I am not married. Do you think with my job and a wife (and kids) i would have time to waste here? I am 23 dude.

All this crap about Wall St guys taking coke or getting hookers is stupid. It's fashionable these days to show us as evil, makes for great viewership. The last time I saw people taking coke was back in college a year ago. I did my fair share of such stuff too.

[-] 1 points by francismjenkins (3713) 2 years ago

Ahhh, my bad, I must have thought you were someone else I was talking to. But anyway, it was just a joke. Not that there aren't plenty of razor blades not being used for shaving flying around Wall St., but not something I'm really concerned about.

[-] -1 points by ibanker (-99) 2 years ago

how many traders or investment bankers have you met to make such broad generalizations?

[-] 1 points by francismjenkins (3713) 2 years ago

I've known more than a few, but actually, as far as I know, they weren't coke heads (but I heard stories). Sure, I admit, I don't have a research study to link to, or video tape, but I found this:

But in the latest issue of Investment Dealer’s Digest, Tom Granahan reports that abuse of cocaine, prescription drugs and alcohol remains widespread on the Street. There are few statistics to back up this claim, Mr. Granahan concedes, but he spoke with recovering addicts, doctors, law enforcement officials and Wall Street firms for his story, and many seemed to agree that the fast pace, lucrative salaries and the nightly ritual of courting clients can lead to substance abuse among the financial services ranks.

http://dealbook.nytimes.com/2007/12/21/drugs-and-todays-wall-street/

[-] 0 points by ibanker (-99) 2 years ago

also may be they are talking about the investment banking side of things where days are much drawn out. In trading, you have lot more predictability over your day because most of your work happens when the market is on. Sure, you come around 2 hours before market opens and leave 2 hours later but otherwise things are predictable to a considerable extent. But I am a research analyst and therefore my work hours are longer, though I guess I too will be able to head home before 10pm in a few months. Right now its pretty much boot camp.

[-] -1 points by ibanker (-99) 2 years ago

I am yet to come across anyone who is into any form of substance abuse. May be because I am new or may be they are not gonna do it openly. Therefore I am skeptical about these assertions made by people. Sure, its tiring and relentless. In fact I dont sleep more than 3-4 hrs during work days. But I get by somehow, redbull, coffee, a slight nap in my chair when there is no work. Havent needed coke to survive yet.

[-] 3 points by HitGirl (2263) 2 years ago

Maybe he should run as a Republican? They seem to forgive and even cheer stuff like that over on the "family values" side.

[-] -1 points by ibanker (-99) 2 years ago

well if he can prove that he did it for the love of god ... then may be ;-)

[-] 2 points by HitGirl (2263) 2 years ago

I think Newt could get behind him.

[-] 0 points by ibanker (-99) 2 years ago

yeeah that wud be one scandalous combo

[+] -6 points by DKAtoday (27542) from Coon Rapids, MN 2 years ago

Still that would either be outside or in a large room with plenty of space. Disgusting picture. Kind of creepy too.

[-] 2 points by HitGirl (2263) 2 years ago

Well, not exactly the "get behind" I was talking about, and frankly, I think Eliot Spitzer could do better than Newt.

[+] -5 points by DKAtoday (27542) from Coon Rapids, MN 2 years ago

Sorry I had a bad moment. I found out that RP supports OSTA.

[-] 2 points by HitGirl (2263) 2 years ago

The Ohio Society of Traditional Archers...the horror!

[+] -6 points by DKAtoday (27542) from Coon Rapids, MN 2 years ago

Funny. If only.

[-] -1 points by enough (589) 2 years ago

Obama is a complete sellout. He is laughing his tail off inside the White House and can't believe Americans are so gullible to actually to believe anything he says.

[-] 3 points by HitGirl (2263) 2 years ago

No, Mitt Romney is pretty much a complete sellout...big difference.

[-] 1 points by enough (589) 2 years ago

Agreed. Both of them are lying losers and only out for themselves. Six of one; half dozen of the other. The governing principle is to vote out the incumbent when he betrays your trust even though the alternative may not be any better.

[-] 1 points by HitGirl (2263) 2 years ago

I think that only applies when they completely crash the economy.

[-] 1 points by enough (589) 2 years ago

I don't know what economy you are living in. Look around.

[-] 4 points by HitGirl (2263) 2 years ago

I look around and see a country recovering from the Bush era of deregulation and the Wall Street excess that resulted from that. I think most Americans get that.

[-] -1 points by VantagePoint250624 (-51) 2 years ago

Were you born recently? At night?

This country has been heading to hell in a hand basket for YEARS!

In 1973, Harley Davidson put Japanese made parts on their motorcycles. After that, all of the big three got in bed with the Asians and it's been a down hill shit slide ever since.

What the fcuk do you think Ross Perot was telling people in 1992 about what was wrong and had been going wrong for years.

You DNC knob nuzzlers really don't get it.

DC is corporate owned and has been long before you or I were ever born, and I'm likely old enough to be your grandfather.

[-] 3 points by HitGirl (2263) 2 years ago

Old and cynical pretty much does describe you. I'm cynical too, to some extent, just not cynical enough to vote Republican.

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[-] 1 points by RedJazz43 (2757) 2 years ago

Ageist

[-] 1 points by HitGirl (2263) 2 years ago

Does that mean he practices Ageism?

[-] -2 points by VantagePoint250624 (-51) 2 years ago

Retardation leaves one thinking, regardless of how old or young they are, that this country's problems started with either of the Bush's terms, so stow it old Jazz.

[-] 1 points by gnomunny (6287) from St Louis, MO 2 years ago

Reagan. If not earlier.

[-] -1 points by VantagePoint250624 (-51) 2 years ago

Even before the first Roosevelt..........

You'll find most here regard some of our most sinister and/or detrimental presidents as absolute heroes...

Lincoln for instance, Roosevelt, both of them, Wilson for sucks fake.... all brokers, regardless if intentional or not, for those, who in fact own, the now deceased Republic most believe still exist, and most even believe they have "rights" assured them by that Republic's Constitution.

Nah....... most all have signed what they were told to sign in order to make it through this world and never questioned anything, despite seeing very few have any actual "rights".

http://www.youtube.com/watch?v=JxYDnYgQ5MQ

Obama knows "which one" is which.

[-] 2 points by gnomunny (6287) from St Louis, MO 2 years ago

You can blame a lot of the problem on the crappy (and propaganda-filled) K - 12 educational system in the US. It's one of the biggest problems in this country, in my opinion. It causes many kids to hate school so much they can't wait to get out and then bypass college even if given the opportunity. A lot of them never open another nonfiction book (and actually learn something new) the rest of their lives. Pitiful.

[-] 1 points by VantagePoint250624 (-51) 2 years ago

It doesn't stop at the 12th grade..... our institutes of higher learning stopped resisting years ago.

And it surely seems that most all believe everything they do catch and manage to retain without ever questioning anything other than those with a different perspective than the one successfully forced upon them.

Most all here KNOW our Republic was lost many years ago yet still want to attempt finding some fair and equitable remedy with a corporate owned form of governance which is clearly quite corrupt.

It's like pirates and thieves having a falling out about the division of booty.

[-] 1 points by gnomunny (6287) from St Louis, MO 2 years ago

In ancient times, when the rats became so entrenched in a building that even the cats couldn't eradicate them, the only option was to burn the damn thing down and build a new one. What would be your plan, as to our current situation?

[-] 0 points by VantagePoint250624 (-51) 2 years ago

Restore the Republic.

[-] -2 points by VantagePoint250624 (-51) 2 years ago

Obama HAS YET TO FAIL The People! He is the Messiah of the USA. Cast all your votes to Obama and the Democrats and all shall be fine.

Just ask the hoards of "credible forum members" here who clearly have no life or ability to answer rationally why both parties have numerous members guilty of high treason, yet if they are "D's", their treason is acceptable.

[-] 5 points by HitGirl (2263) 2 years ago

I think the majority of "credible forum members" are realistic about Obama and the Democrats. Just because they're not pouting or slitting their wrists or calling for armed revolution or voting for some complete whack-job Republican doesn't mean they are ignorant of the harsh realities in American politics.

[-] -1 points by VantagePoint250624 (-51) 2 years ago

Ha ha ha!

Realistic about Obama and the corporate owned DC government.

You people really do insist the game plays on........

[-] -1 points by VantagePoint250624 (-51) 2 years ago

It would be impossible for any reasonable persons, that have read here even half time, to be ignorant of the root of the problems....

yet many, like yourself still nurture the delusion that voting or working with the system will ever bring about effective corrective remedies.

In fact, the consensus here is quite adverse to the actual truths, no matter what results of it manifest in plain sight, and daily, because of them.

Even if this movement comprised 51% of the citizens standing in solidarity, it could bring about no changes other than minor bandaids and diverting funnels to placate.

Those changes only prolong the inevitable and buy the puppet masters a bit more time to regroup.

[-] 3 points by HitGirl (2263) 2 years ago

We see changes all the time. I really don't know what you expect...Libya?

[-] -2 points by VantagePoint250624 (-51) 2 years ago

Age and treachery ALWAYS overcomes youth, skill....... especially when riding upon irrational optimism.

[-] 2 points by HitGirl (2263) 2 years ago

Can you deny that humankind has made great progress over the years in many areas including human rights? It seems that optimism is not so irrational after all.

[-] -1 points by VantagePoint250624 (-51) 2 years ago

Stay tuned......... for as ultra-civilized as we seemingly pride ourselves to be.... there is no denying the actions of "our" (or somebody's) government are downright absolutely barbaric.

Let's see what happens with defense preparedness and detentions of citizens before deciding your cowardly bloodless voting revolution does anything other than prolong the deception another few years.

[-] 2 points by epa1nter (4650) from Rutherford, NJ 2 years ago

In fact history - the "actual truths" - belies your assertions. To think that system can be bypassed and still achieve real change is what is delusional. The civil rights act and voting rights act were pieces of legislation. The system wasn't ignored , it was used in order to make those things happen. Roe v Wade was the result of a lawsuit. That's the system, too. Sure there was plenty of divil disobedience that brought the issues to a head, but they were acted upon by the system itself.

If you think that protest alone will change one thing, even minor, you are living in a fantasyland. Changing laws, changing the system, making sure someone other than Obama is NOT in a position to appoint Supreme Court and Federal judges that would squash OWS like a bug in the blink of an eye, taking action within and outside of the system SIMULTANEOUSLY, just as every single successful movement for change has done before, is what's necessary.

Setting up false choices - do only one thing but not everything - is not only a logical fallacy (which makes it completely unreasonable), but only results in being hugely less effective.

[-] -3 points by VantagePoint250624 (-51) 2 years ago

I strongly disagree and know that any of you claiming to posses any modicum of discernment or intelligence that truly believes what is wrong can be fixed by public pouting and/or that the corporate government is remotely accountable to citizens, or concerned about what OWS wants, are mental cases firmly in denial.

[-] 4 points by HitGirl (2263) 2 years ago

Public pouting? When enough Americans pay attention and get active they can change things. It happens all the time.

[-] 0 points by ibanker (-99) 2 years ago

why do u think the JOBS act is bad?

[+] -5 points by DKAtoday (27542) from Coon Rapids, MN 2 years ago

Be-littler and nay-Sayer.

Why am I not surprised?


VantagePoint250624

the original protestor and often too muchly Private Messages

Information

Joined March 20, 2012

[-] -3 points by VantagePoint250624 (-51) 2 years ago

DKAtoday-DNC tampon and successfully brainwashed Federalist.

Snitch with Unclean Hands.

Information

Joined and Owned at birth

this site was brought to you by various radicals (which DKAtoday, shooz, epa1nter, GypsyKing and many similarr ARE NOT) this website is free / open source software on github email: general@occupywallst.org | help line: +1 (516) 708-4777

[+] -4 points by DKAtoday (27542) from Coon Rapids, MN 2 years ago

Carry on with your misinformation campaign - though you might have better luck on a blues clues or sesame street or Carmen Sandiago site. I mean at least you have a chance of finding someone who is naive.


0 points by VantagePoint250624 (1) 8 minutes ago = Troll supporter of the greedy corrupt, Blind Marcher and enemy of a healthy and prosperous world for ALL. Born with shit for brains and a low purchase price.