Tuesday, April 27, 2010

Obama quote

"I am absolutely certain that generations from now, we will be able to look back and tell our children that this was the moment when we began to provide care for the sick and good jobs to the jobless; this was the moment when the rise of the oceans began to slow and our planet began to heal." Oh, yeah, and just for good measure, he's now in the process of healing the racial divide.
(CNNMoney.com) -- The recovery is picking up steam as employers boost payrolls, but economists think the government's stimulus package and jobs bill had little to do with the rebound, according to a survey released Monday.
ABC News reports: Fulfilling his commitment made last year in Cairo to help deepen ties between business leaders, foundations and entrepreneurs in the United States and Muslim communities around the world, President Obama today kicked off a two-day Entrepreneurship Summit in Washington, DC. (Snip) “We will bring business and social entrepreneurs from Muslim-majority countries to the United States and send their American counterparts to learn from your countries. Women in technology fields will have the opportunity to come to the United States for internships and professional development. And since innovation is central to entrepreneurship, we’re creating new exchanges for science teachers.” 
From the New York Post comes the following description of the new Financial  Regulatory Bill: The financial-regulatory bill now before the Senate is so filled with special-interest loopholes and exclusions that it makes the health-care "reform" bill, with its "Cornhusker Kickback" and "Louisiana Purchase," look like a model of rectitude.
The Senate bill, sponsored by Democrat Chris Dodd, claims to subject all "too big to fail" institutions to greater federal supervision, but in fact it only mandates such regulation for bank-holding companies. Regulators would have to make a case-by-case decision on whether to apply it to other financial companies.
The Senate financial-regulation bill offers a stark choice: Do we aspire to be a country where everyone is subject to the same rules? Or do we accept a system where power, influence and money can buy exclusions and exemptions?
Obama's Debt Committee Panel has been asked to figure out what to do with our government debt.  Isn't it interesting that the panel is not to give us their findings until after the November elections?

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