The Mudcat Café TM
Thread #133966   Message #3049138
Posted By: Donuel
08-Dec-10 - 05:38 PM
Thread Name: BS: Obama a Big Disappointment...
Subject: RE: BS: Obama a Big Disappointment...
First it took one income to support a family, then it took two and then 3 to pay for higher education. When 3 times the work for the same usable income was reached the equity in the middle class home was targeted and new laws were bought by the rich to deregulate mortgage laws. In advance of the crash new laws that would make bankruptcy mean nothing and allow creditors to take all they wanted despite declaring bankruptcy were introduced by Bush. Credit card laws allowed fine print fraud and 35% interest and fees.
Foreclosures are fraudulently being done despite the fact the bank sold the mortgage note in a bundle years ago (sometimes it got bundled multiple times) A quick foreclosure lets banks get away with taking a property that actually belongs to multiple owners.

Obama has passed some credit card reforms but not one banker has gone to jail.

Not one, unless you think Madoff had the only ponzi scheme.

The banking consumer is now protected by a department that does not even have the power of subpeona.

Not one Bush criminal was investigated or prosecuted.
Unless the lower rank scape goat tortures counts.

On the plus side Obama did save GM which saved a million jobs when all the suppliers are taken into account.

Tripling the troops in Afghanistan is for what, show?
The bribes and 2 billion borrowed dollars for the off the bidget wars continue.

On the plus side Obama did make pre existing conditions an illegal excuse to cancel insurance.

Sometimes Obama seems like a man who has just had his wife and children's lives threatened if he didn;t do exactly as he is told.

I warned from the start that Obama would be far more moderate than expected and that his main strength would be that of an ombudsmen who is expert in settling local disputes in a beer or coffee summit.

His argument for his latest tax cut deal with the Republicans did pusuade me that it is the lesser of two evils.

He has however gone from yes we can to "I can;t get the votes in the Senate.