This morning, the House Financial Services Subcommittee on Capital Markets, Insurance, and Government Sponsored Enterprises is holding a hearing to assess the alleged $50 billion investment fraud engineered by Mr. Bernard L. Madoff. This is the second in a series of hearings that will help to guide the work of the Financial Services Committee and the Capital Markets Subcommittee in the 111th Congress in undertaking the most substantial rewrite of the laws governing the U.S. financial markets since the Great Depression. Rep. Gary Ackerman questioned witnesses from the Securities and Exchange Commission.
Learn more at: http://www.speaker.gov/blog/?p=1676
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BREAKING NEWS: We have confirmed that the federal budget planned for fiscal year 2011 has been canceled.
The cause: Washington Democrats’ out-of-control spending spree.
We are here now outside the Capitol awaiting an apology from Washington Democrats for this betrayal of hard-working American taxpayers.
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Watch the complete show at http://www.theyoungturks.com.
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Rep. Paul Ryan (R-WI) says Washington Democrats’ unprecedented decision to cancel this year’s budget will wreak havoc on our economy and make it even harder to put people back to work.
The House Budget Committee’s top Republican, Ryan says Democrats’ plan to continue their out-of-control ‘stimulus’ spending spree and raise taxes on middle-class families is a “recipe for disaster.”
He also challenges President Obama and Washington Democrats to stop running out the clock and “make the tough choices they promised they would, put moral obligation before political expedience, and focus on what’s in the best interests of the next generation, not the next election.”
With economists saying immediate fiscal discipline is needed to create jobs, Ryan notes that Republicans have already identified $1.3 trillion in specific spending cuts that could be implemented right now.
Rep. Ryan is in his sixth term representing the people of Wisconsin’s 1st Congressional District.
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Pete Stark (D-CA), “But you’re going to spend it to blow up innocent people if we can get enough kids to grow old enough for you to send to Iraq to get their heads blown off for the President’s amusement.”
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Check out the entire clip on our website.
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KokeshForCongress.Com – This video was made by a supporter, and is in no way affiliated with the Adam Kokesh campaign.
Rgop.org
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I blame our government for this mortgage crisis, that means Democrats, Republicans, and Independents.
Although lately I’m getting pretty tied of the Democrats blaming the Republicans lack of regulation, when it was the Democrats that blocked “Federal Housing Enterprise Regulatory Reform Act of 2005, S. 190″;
http://www.govtrack.us/congress/bill.xpd?bill=s109-190
a bill that would have placed much needed regulations on Fannie Mae and Freddie Mac. Every single Democrat voted against it in Committee, and threatened it with a filibuster if it were to be brought to the Senate floor for a full vote by the Senate.
Now we need John McCain to wake up and expose these Democrats for what they are. He needs to in his own words:
“Fight for whats right for our country.
Fight for the ideals and character of a free people.
Fight for our childrens future.
Fight for justice and opportunity for all.
Stand up to defend our country from its enemies.
Stand up for each other; for beautiful, blessed, bountiful America.
Stand up, stand up, stand up and fight. Nothing is inevitable here. Were Americans, and we never give up. We never quit. We never hide from history. We make history.”
Come on McCain, get with it!
Now here’s part of an article I read.
The truth about the Mortgage meltdown. It is a Democratic debacle!
In 1999, liberals were bragging about extending affirmative action to the financial sector. Los Angeles Times reporter Ron Brownstein hailed the Clinton administration’s affirmative action lending policies as one of the “hidden success stories” of the Clinton administration, saying that “black and Latino homeownership has surged to the highest level ever recorded.”
Meanwhile, economists were screaming from the rooftops that the Democrats were forcing mortgage lenders to issue loans that would fail the moment the housing market slowed and deadbeat borrowers couldn’t get out of their loans by selling their houses.
Rep. Barney Frank denounced Mankiw, saying he had no “concern about housing.” How dare you oppose suicidal loans to people who can’t repay them! The New York Times reported that Fannie Mae and Freddie Mac were “under heavy assault by the Republicans,” but these entities still had “important political allies” in the Democrats.
Now, at a cost of hundreds of billions of dollars, middle-class taxpayers are going to be forced to bail out the Democrats’ two most important constituent groups: rich Wall Street bankers and welfare recipients.
Political correctness had already ruined education, sports, science and entertainment. But it took a Democratic president with a Democratic congress for political correctness to wreck the financial industry.
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The city of Los angeles spent millions of dollars to instigate a war between latinos, jews and the neo-nazi at a time when they say they are broke. first they bring the illegal latinos to america and give the african american jobs to pit them against each other. now they are add the neo-nazi to the boiling pot.
i only hope that the black, whites, yellow, brown and other wake up an understand the game their enemy play to keep them filled with hate rage and anger because of the laws they pass.
KNOW YOUR ENEMY it’s not the color of a person skin it the color of their soul. The truth is the light and if you are to filled with anger and hate you block out the light.
what i saw was young people who wanted to make a change, lead by these puppet organization who are setting them up for jail, the terrorist list, felons etc because they play on their emotions by bringing them to protest to arouse their anger and pit them against the very people the need to be in unity with. we all have the same enemy the corporation working for the demonic powers that be and the politicians making laws against the people.
i met 4 people their who knew that the democratic convention was being hailed at the same time. they new nothing about the democrats were choosing a democratic congress person to represent or that it was open to the public to come and hear their agenda, other knew that the democratic party didn’t represent them. i saw young people frustrated with a since of hopelessness.
i say to all of these young people nazi, blacks, jew, mexican, whites,latino, asian, Philippines and other don’t approach your enemy by cutting off the nail trying to cure the fungus. no your enemies. use your brain. depend on know-one to teach you. READ READ READ
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