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When the people fear the government, there is tyranny; When the government fears the people, there is liberty.  ~ Thomas Jefferson

 

Entries Tagged as 'Another Dem Reform Bill'

Dempcrats plan to bite the hand that feed them in political spending.

April 24th, 2010 · Congress, Deception, Democrats, Ethics, Government Control, Non-Transparency

Democrats plan to introduce bill to blunt ruling on political spending

By Dan Eggen Washington Post staff writer
Friday, April 23, 2010

Democrats plan to introduce legislation next week that would sharply limit the ability of foreign-connected companies to participate in U.S. politics and require greater transparency from corporations, unions and nonprofit groups that pay for political advertising, according to a confidential summary of the bill.

The proposal, spearheaded by Rep. Chris Van Hollen (D-Md.) and Sen. Charles E. Schumer (D-N.Y.), is aimed at blunting the effect of a Supreme Court ruling in January that permits companies and unions to spend unlimited amounts of money for or against political candidates. President Obama has sharply attacked the ruling, and many Democrats fear it will unleash a flood of corporate spending that is likely to favor Republicans.

According to the summary, obtained by The Washington Post, the legislation would require corporate chief executives or group leaders to publicly attach their names to ads, much like political candidates are required to do. It would also mandate disclosure of major donors whose money is used for “campaign-related activity.”

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CBO Update – Financial Reform

April 24th, 2010 · CBO Update, Finance

The following has been added to CBO’s Web site (www.cbo.gov):

  • S. 3217, Restoring American Financial Stability Act of 2010
    Cost estimate for the bill as ordered reported by the Senate Committee on Banking, Housing, and Urban Affairs on March 22, 2010
    http://www.cbo.gov/doc.cfm?index=11454

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Democrats urge fast action to limit salt in processed foods calling the matter a “public health crisis”

April 21st, 2010 · Deception, Democrats, Ethics, Federal Spending, Fraud Alert, Government Control, Health

By Lyndsey Layton – Wednesday, April 21, 2010

Two members of Congress urged the Food and Drug Administration on Tuesday to move quickly to limit the amount of salt in processed foods, calling the matter a “public health crisis” that demanded a swift response from government.

“I understand they want to do it in a phased kind of a deal, but I don’t want it to be too long,” said Sen. Tom Harkin (D-Iowa), chairman of the Health, Education, Labor and Pensions Committee. “This is crying out for change that’s long overdue.”

Rep. Rosa DeLauro (D-Conn.) agreed, saying in a conference call with Harkin and reporters: “I don’t want this to take 10 years. . . . This is a public health crisis.”

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Senate GOP leaders to meet with Obama on Supreme Court nominee process

April 20th, 2010 · Obama Nominees, Obama's Scheme, Supreme Court

By Perry Bacon Jr. – Tuesday, April 20, 2010

Senate Republicans will have a chance this week to directly confront President Obama on his vision for reshaping the nation’s courts.

The president is scheduled to meet Wednesday with Senate Minority Leader Mitch McConnell (Ky.) and Sen. Jeff Sessions (Ala.), the top Republican on the Senate Judiciary Committee, to discuss who should fill the seat of Justice John Paul Stevens, who has announced his plans to retire at the end of the Supreme Court’s current term. Senate Majority Leader Harry Reid (D-Nev.) and Sen. Patrick Leahy (D-Vt.), chairman of the Judiciary Committee, will also attend the meeting.

Republicans have threatened to filibuster any nominee who they view as a “judicial activist.” And some Democrats are offering their own advice to Obama, arguing that the president should tap a nominee who is not currently in the judiciary because every member of the current court was once a federal appeals court judge. Leahy has emphasized the importance of going outside “the judicial monastery.”

Former president Bill Clinton said Sunday on ABC’s “This Week” that “some of the best justices in the Supreme Court in history have been non-judges.”

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Food Reform. Salt to be regulated. Salt Bad, Government Control Good…

April 20th, 2010 · Corruption, Deception, Democrats, Ethics, Federal Spending, Government, Government Control, Non-Transparency, Obama Nominees, Obama's Scheme, Selling Out the US, Terrorism from Within

FDA plans to limit amount of salt allowed in processed foods for health reasons

By Lyndsey Layton Washington Post Staff Writer
Tuesday, April 20, 2010

The Food and Drug Administration is planning an unprecedented effort to gradually reduce the salt consumed each day by Americans, saying that less sodium in everything from soup to nuts would prevent thousands of deaths from hypertension and heart disease. The initiative, to be launched this year, would eventually lead to the first legal limits on the amount of salt allowed in food products.

The government intends to work with the food industry and health experts to reduce sodium gradually over a period of years to adjust the American palate to a less salty diet, according to FDA sources, who spoke on condition of anonymity because the initiative had not been formally announced.

Officials have not determined the salt limits. In a complicated undertaking, the FDA would analyze the salt in spaghetti sauces, breads and thousands of other products that make up the $600 billion food and beverage market, sources said. Working with food manufacturers, the government would set limits for salt in these categories, designed to gradually ratchet down sodium consumption. The changes would be calibrated so that consumers barely notice the modification.

The legal limits would be open to public comment, but administration officials do not think they need additional authority from Congress.

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Democrats seek to close partisan divide on Wall Street’s Government Take Over

April 20th, 2010 · Banking Industry, Congress, Corruption, Deception, Democrats, Economy, Ethics, Federal Spending, Finance, Government Control, Non-Transparency, Obama's Scheme, Selling Out the US, Tax Dollars, Taxes, Terrorism from Within, Terrorist Attack, Treason, Treasury

By Shailagh Murray and Brady Dennis Washington Post Staff Writer
Tuesday, April 20, 2010

Democratic leaders scrambled Monday to peel away the Republican votes they need to bring a Wall Street reform package to the Senate floor this week — an effort hampered by sharp partisan divisions.

Both sides are eager to exploit a lingering resentment toward Wall Street in the election-year debate. Democrats have seized on the attempt to curb reckless investment practices as part of an effort to depict the GOP as out of touch with the concerns of average Americans. On Monday, Democrats sought to use a lawsuit brought against financial giant Goldman Sachs by the Securities and Exchange Commission as a cudgel to persuade Republicans to line up behind the bill.

Republicans, in turn, think voters have even less faith in Washington than in the banks and investment houses that played central roles in the nation’s economic collapse, and they are portraying Democrats’ overhaul attempt as a “bailout” that could cost taxpayers billions.

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Obama rejects GOP claim that financial reform bill would encourage bailouts

April 15th, 2010 · Banking Industry, Congress, Corruption, Deception, Democrats, Economy, Ethics, Federal Spending, Government, Government Control, Money Lost, Non-Transparency, Obama's Scheme, Selling Out the US, Stimulus, Tax Dollars, Terrorism from Within

By Scott Wilson Washington Post staff writer
Wednesday, April 14, 2010; 7:34 PM

President Obama urged congressional leaders Wednesday to work together over the next several weeks on a financial regulation package, expressing confidence that a bipartisan bill remained possible even as Republicans said the Democrats’ proposal would make government bailouts more likely.

Speaking before a meeting with House and Senate leaders of both parties, Obama rejected that charge. “I’m absolutely confident that the bill that emerges is going to be a bill that prevents bailouts,” he said. “That’s the goal.”

Obama said he is “confident that we can work out an effective bipartisan package” to prevent individual financial institutions from growing so big their collapse would imperil the economy, plus regulate the derivatives markets and put in place other reforms.

Congressional Republican leaders left the meeting highly critical of the financial regulatory reform bill now before Congress. Senate Minority Leader Mitch McConnell (Ky.), echoing comments he made Tuesday, said the bill amounts to an “endless taxpayer bailout for Wall Street banks.”

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Obama calls together congressional leaders in push for new financial regulation

April 15th, 2010 · Banking Industry, Congress, Corruption, Deception, Democrats, Economy, Ethics, Federal Spending, Finance, Government, Government Control, Non-Transparency, Obama's Scheme, Selling Out the US, Small Business, Tax Dollars, Taxes, Terrorism from Within

By David Cho, Brady Dennis and Scott Wilson – Thursday, April 15, 2010

The battle over reshaping the country’s financial regulation escalated on several fronts Wednesday, with President Obama stepping up his personal efforts to win Senate passage of an ambitious bill while senators from both parties fought to claim the anti-Wall Street mantle.

After a White House meeting between Obama and congressional leaders, Republican leaders criticized the Democrats’ proposal for leaving the door open to future bailouts of big financial firms. But the president, who has turned his attention to the financial overhaul after winning passage of health-care legislation, said he was confident that a bipartisan bill could be worked out to ensure that the economy is protected from the collapse of large financial companies.

Taking center stage in the fight over the legislation are exotic financial instruments known as derivatives. A Democratic senator who chairs a key committee is advocating new rules that would force the nation’s largest banks to stop trading nearly all kinds of derivatives — a move that would dramatically reshape several critical markets and deprive the firms of a major source of revenue.

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Obama urges Democrats to make hard push on Government Control Regulations

March 25th, 2010 · Democrats, Finance, Government Control, Obama's Scheme, Selling Out the US, Terrorism from Within, Treason

Obama urges Democrats to make hard push on financial regulation

By David Cho and Brady Dennis Washington Post Staff Writer
Thursday, March 25, 2010

President Obama and Democratic lawmakers moved Wednesday to accelerate their efforts at overhauling the nation’s financial regulation, seeking to exploit divisions among Republicans over how much to compromise on a landmark bill now awaiting Senate action.

Fresh off his victory this week on health care, Obama urged the Democratic sponsors of financial legislation in the Senate and House to press ahead with or without Republican backing, according to sources familiar with the 45-minute White House strategy session. The president told them the Democrats have the upper hand and should not give too much ground.

The chairman of the Senate banking committee, Christopher J. Dodd (D-Conn.), said after the meeting that he would seek final Senate passage of the bill a few weeks after Easter.

Obvious rifts

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Senate panel approves financial overhaul bill

March 22nd, 2010 · Congress, Corruption, Deception, Democrats, Economy, Ethics, Government Control, Greed, Obama's Scheme, Selling Out the US, Tax Dollars, Taxes, Terrorism from Within, Treasury

By Brady Dennis and David Cho Washington Post Staff Writer
Monday, March 22, 2010; 5:57 PM

Reference:

The Senate Banking Committee approved far-reaching legislation on Monday to overhaul the nation’s financial regulatory system by a 13-10 vote along party lines.

The swift approval marked an abrupt shift from the course set for the legislation after its unveiling last week by committee Chairman Christopher J. Dodd (D-Conn.), who had said he planned to spend the week considering revisions. The move was strongly supported by Obama administration officials, who are eager to move the long-stalled process forward.

The bill seeks to reshape the rules that have long governed the financial sector. Among the changes, a new bureau would be established inside the Federal Reserve to write and enforce rules to protect consumers, and a council of regulators would be set up to survey threats to the financial system. The legislation would also bring complex derivatives under government oversight and empower officials to take over and shut down the biggest financial firms if they face collapse.

Meanwhile, Treasury Secretary Timothy F. Geithner escalated his rhetoric attack against banks that oppose the measure, warning these firms that the Obama administration could take matters into its own hands by unilaterally imposing far stricter rules on the industry if legislation falls short in Congress.

“If we fail to enact legislation reform here at home we will be forced to use the limited and inadequate authority we have,” Geithner said in remarks at the American Enterprise Institute on Monday afternoon.

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