Day: April 20, 2010

Gun Rights And The “S” Word

Daily Agitator

From time to time protesters take to the streets to remind everyone of there God given right to “keep and bare arms” and  yesterday was NO exception to the rule…..as reported by CNN:

They’re angry at the government and are demonstrating in the Washington area against what they see as the trampling of the Constitution. Their specific fear: Americans’ right to bear arms under the Second Amendment will be taken away.”We’re in a war. The other side knows they are at war, because they started it,” said Larry Pratt, president of the Gun Owners of America. “They are coming for our freedom, for our money, for our kids, for our property. They are coming for everything because they are a bunch of socialists.”

There is that “S” word again!  All the hyperbole is nothing but emotional hysteria.  I try to shrug off all the lame socialist rhetoric as coming from the mouths of morons….but sometimes stuff has to be addressed……..

For one thing…Obama signed a bill that allows guns to be carried in National Parks and one of the protests was in a Virginia National Park…up until the signing of the bill guns were prohibited…plus these people are secured by the government to be able to tote their guns , you know the thing the Constitution says you can do…….so thanks to the guy that is a socialist these people were allowed to parade around with their nuts in a holster…….When has Obama even hinted at the possibility he would reach for more gun control?  See!  Stupid!

The Brady Group for gun control gives Obama and his admin an “F” on gun control…..do not hurt yourself, that means he gets a failing grade on gun control……See!….Stupid!

We keep hearing about “they” will take our freedoms….which ones would that be?  Apparently the government is NOT taking their freedom to be an idiot away from them…..Just once I want one of these babbling morons to say what liberty or freedom I will lose…….(pause here for thought)….never mind they would give themselves a migraine try to come up with an answer……..emotional, hysterical horsesh*t is all they have…….but then again these are the people who watch Dog the bounty hunter, the UFC and wrestling….need I say more?

FinReg (Financial Regulation)

Listen closely!  Can you hear that?  It is the sound of the spin machine in top gear……what is the spin this time….Financial Reform….we heard all the spin (which includes lies, misinformation, etc) during the “debate” (I use the term loosely) over health reform…..the Repubs have jumped all over this issue as the “new” battleground over the Obama agenda…..

Attacking the legislation as a job-loser in a shaky economy would be a new approach for Republicans, who have been far more focused on portraying the financial overhaul as one that could provide further bailouts to big banks. Brown did not mention that leading attack, which was launched last week by Senate Minority Leader Mitch McConnell and has been pilloried by Democrats as “cynical” and “misleading.”

There is even a talking point that this reforms is yet another bailout of the banking system……and it is a good talking point…it must….every conserv on record has used the same line to characterize the bill…..

People, average people are taking these guys at their word and believe that it is another bailout…..but is it?  Everything said so far in opposition to the finreg bill is pure fantasy (I am being polite)…….

If you can read then please read this….this is a summary of the bill as it is proposed:

Consumers: A consumer-protection division would be created within the Federal Reserve, with the ability to write new rules governing the way companies offer financial products such as mortgages and credit cards. It would have authority over any bank with more than $10 billion of assets, and certain nonbank lenders.

  • Banks: The Fed would oversee bank holding companies with more than $50 billion of assets. Regulators would have the discretion to force banks to reduce their risk or halt certain speculative trading practices.
  • Failing companies: The government would be able to seize and break up large failing financial companies. Big companies would have to pay into a $50 billion fund to finance the dissolution of a failing firm.
  • Systemic risk: A new council of regulators would be created to monitor broader risks to the economy. The council could strongly urge individual agencies to take specific actions to curb risk.
  • Corporate governance: The Securities and Exchange Commission would have authority to write rules giving proxy access to shareholders who own a certain amount of stock. Shareholders would have a nonbinding vote on compensation packages for top executives.
  • Hedge funds: Large funds would have to register with the government.

As I have said many disagree with the reform bill…I do….but I will give you my reasons without making up crap to sell my point of view…..

1–I do not think it goes far enough on controlling the institutions…they will find a way around the regs

2–Banks and derivatives are not separated which will allow the same crisis we have now to return in the future.

3–I do not think the the protection of the consumer goes far enough and they will still be vulnerable to predatory practices.

4–Transparency is lacking

5–As far as I can tell this will not end  “Too Big Too Fail”.

These are my five biggest reason I do not like the bill, as is…..whoever I see it as a pretty good start as long as the regs stay in place they can be fine tuned as the country moves forward….