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Author: Subject: Gov't Funding Bill

True Peach





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  posted on 12/12/2014 at 08:15 AM
The GOP side of the house "snuck" into the bill to keep the federal government open a provision to federal election law to raise the cap on personal donations from $32,400 to $324,000, a ten fold increase...WHILE also eliminating the banking rules put in place after the Wall Street Bank bailout to protect consumers from predatory lending practices...because????

 

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World Class Peach



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  posted on 12/12/2014 at 08:21 AM
its a bad bill that I think everyone here on both sides should not be happy about, and for the exact same reasons.

 

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Extreme Peach



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  posted on 12/12/2014 at 08:53 AM
Our political system is broken and controlled by Big Business and the power elite in this country and both political parties are corrupt beyond repair IMHO. I fear for my children's and children's children future.

 

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Zen Peach



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  posted on 12/12/2014 at 01:44 PM
There's a simple solution for the Democrats that howl about the government selling out to "big business."

STOP ACCEPTING THE MONEY.

Back up words with actions. Until then, all the bellyaching rings hollow.

 

Extreme Peach



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  posted on 12/12/2014 at 02:20 PM
quote:
There's a simple solution for the Democrats that howl about the government selling out to "big business."

STOP ACCEPTING THE MONEY.

Back up words with actions. Until then, all the bellyaching rings hollow.


Right, and let the GOP dominate the Government by winning big business backed elections. Excellent suggestion don't know why nobody thought of that before.

[Edited on 12/12/2014 by Bill_Graham]

 

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Maximum Peach



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  posted on 12/12/2014 at 02:47 PM
quote:
There's a simple solution for the Democrats that howl about the government selling out to "big business."

STOP ACCEPTING THE MONEY.

Back up words with actions. Until then, all the bellyaching rings hollow.


You think that is a better solution than passing laws to reform campaign finance?

Really?

 

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Peach Extraordinaire



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  posted on 12/12/2014 at 02:52 PM
quote:
The GOP side of the house "snuck" into the bill to keep the federal government open a provision to federal election law to raise the cap on personal donations from $32,400 to $324,000, a ten fold increase...WHILE also eliminating the banking rules put in place after the Wall Street Bank bailout to protect consumers from predatory lending practices...because????


2 terrible additions - just awful. I watched FOX last night to see the spin from the land of make believe. The spin was that if the bill was defeated then the dems succeeded in shutting done the gov't. Great spin.

Republican 167 yes, 67 no, 5 other
Democrat 57 yes, 159 no, 5 other

Any dem & republican who voted "yes" for that bill should be embarrassed.

[Edited on 12/12/2014 by MartinD28]

 

True Peach



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  posted on 12/12/2014 at 04:25 PM
quote:
There's a simple solution for the Democrats that howl about the government selling out to "big business."

STOP ACCEPTING THE MONEY.

Back up words with actions. Until then, all the bellyaching rings hollow.

Stupidest thing I've seen posted here in a while, and totally misses the point as well.

It's just a bad bill on many levels, and these are just two examples of why. Unless, perhaps, you can convince us it isn't and that these two provisions are good ideas???

 

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Zen Peach



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  posted on 12/12/2014 at 04:37 PM
How can someone complain about the corrupting influence of big business in politics, then turn around and cash every check they send you?
 

Peach Extraordinaire



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  posted on 12/12/2014 at 04:42 PM
quote:
How can someone complain about the corrupting influence of big business in politics, then turn around and cash every check they send you?


Would you mind explaining exactly what you mean by this?

 

True Peach



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  posted on 12/12/2014 at 05:14 PM
quote:
How can someone complain about the corrupting influence of big business in politics, then turn around and cash every check they send you?

What the heck are you talking about?? I am not in politics and no one is sending me any checks to cash, so I think I can complain all I want.

Interesting that you keep trying to change the subject. Raising the PERSONAL contribution limit by a factor of 10 and undoing post-financial crisis banking rules changes has very little if anything to do with "cashing every check" from corporate/PAC donors. I guess it must be because you can't tell us why these two provisions are good ideas (or why 70% of the GOP representatives voted in favor of them).

PS - ICYMI, 72% of Ds voted against this bill, and 70% of Rs voted in favor of it. Would you have voted for it?




[Edited on 12/12/2014 by gondicar]

 

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Maximum Peach



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  posted on 12/12/2014 at 05:17 PM
The financially conservative Republicans are basically insuring the tax payers bail out the billionaire banks - again.

This is disgusting. Every American tax payer should be furious.

quote:
Citigroup Wrote the Wall Street Giveaway The House Just Approved
The bill, drafted almost entirely by Citigroup, would allow banks to do more high-risk trading with taxpayer-backed money.
—By Erika Eichelberger | Wed Dec. 10, 2014 2:27 PM EST

Update Friday, December 12, 2014: On Thursday night, the House passed the spending bill with the Citigroup-written provision. The Senate is expected to approve the legislation.

A year ago, Mother Jones reported that a House bill that would allow banks like Citigroup to do more high-risk trading with taxpayer-backed money was written almost entirely by Citigroup lobbyists. The bill passed the House in October 2013, but the Senate never voted on it. For months, it was all but dead. Yet on Tuesday night, the Citi-written bill resurfaced. Lawmakers snuck the measure into a massive 11th-hour government funding bill that congressional leaders negotiated in the hopes of averting a government shutdown. President Barack Obama is expected to sign the legislation.

"This is outrageous," says Marcus Stanley, the financial policy director at the advocacy group Americans for Financial Reform. "This is to benefit big banks, bottom line."

As I reported last year, the bill eviscerates a section of the 2010 Dodd-Frank financial reform act called the "push-out rule":

Banks hate the push-out rule…because this provision will forbid them from trading certain derivatives (which are complicated financial instruments with values derived from underlying variables, such as crop prices or interest rates). Under this rule, banks will have to move these risky trades into separate non-bank affiliates that aren't insured by the Federal Deposit Insurance Corporation (FDIC) and are less likely to receive government bailouts. The bill would smother the push-out rule in its crib by permitting banks to use government-insured deposits to bet on a wider range of these risky derivatives.

The Citi-drafted legislation will benefit five of the largest banks in the country—Citigroup, JPMorgan Chase, Goldman Sachs, Bank of America, and Wells Fargo. These financial institutions control more than 90 percent of the $700 trillion derivatives market. If this measure becomes law, these banks will be able to use FDIC-insured money to bet on nearly anything they want. And if there's another economic downturn, they can count on a taxpayer bailout of their derivatives trading business.


More at the link:

http://www.motherjones.com/politics/2014/12/spending-bill-992-derivatives-c itigroup-lobbyists

 

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Zen Peach



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  posted on 12/12/2014 at 07:53 PM
They also nullified DC's vote to legalize cannabis for recreational use.

70% voted yes on the proposition.

Anyone surprised that the right wing "less government in our lives" folks haven't said one word about this aspect of it????



Me neither.

 

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World Class Peach



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  posted on 12/12/2014 at 08:01 PM
the weed thing may backfire. they are cutting off funding to implement the new law. how much money does it take to enforce legal weed? they may be creating a free for all on weed. street dealers, smoking wherever you want. with no money to set up regulations it may not be what they thought they were trying to do.

 

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Extreme Peach



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  posted on 12/12/2014 at 08:13 PM
quote:
They also nullified DC's vote to legalize cannabis for recreational use.

70% voted yes on the proposition.

Anyone surprised that the right wing "less government in our lives" folks haven't said one word about this aspect of it????



Me neither.


So the people overwhelmingly voted their will yet the politicians refused to implement it. Another example of how broken our political system is and how our rights are slowly being usurped.

 

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Peach Extraordinaire



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  posted on 12/12/2014 at 08:41 PM
quote:
quote:
They also nullified DC's vote to legalize cannabis for recreational use.

70% voted yes on the proposition.

Anyone surprised that the right wing "less government in our lives" folks haven't said one word about this aspect of it????



Me neither.


So the people overwhelmingly voted their will yet the politicians refused to implement it. Another example of how broken our political system is and how our rights are slowly being usurped.


Not one of those Congressmen represents a single individual in D. C. But they will push their will on the people.

 

Peach Extraordinaire



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  posted on 12/12/2014 at 08:54 PM
quote:
quote:
quote:
They also nullified DC's vote to legalize cannabis for recreational use.

70% voted yes on the proposition.

Anyone surprised that the right wing "less government in our lives" folks haven't said one word about this aspect of it????



Me neither.


So the people overwhelmingly voted their will yet the politicians refused to implement it. Another example of how broken our political system is and how our rights are slowly being usurped.


Not one of those Congressmen represents a single individual in D. C. But they will push their will on the people.


X2

The politicians' attitude is that they know what's best for DC. I mean, what do you expect from a bunch of narrow minded / rigid politicians living in the past?

Those who voted for the GOP politicians get what they deserve. Then again, I wonder if those who voted for these clowns 1) agree with this bill or 2) really had no clew who they were voting for on the ballot and what types of positions these individuals represented...you know the low info types that someone on this site always talks about in his posts.

 

Zen Peach



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  posted on 12/12/2014 at 09:41 PM
Pass the damn thing so everyone can take a breath and enjoy the holidays. If there's ever a society that needs to take time time, breathe and back the eff off each other, it's ours.

This is the most that the Congress has behaved like the Congress in years. Years.

 

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Zen Peach



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  posted on 12/12/2014 at 09:45 PM
By the way, no one can complain about the EPA anymore. That agency has been gutted down to ashes. Significant hit to the IRS too.

No one is even bothering to deny that Citigroup was the latest in a long line of private entities that actually wrote legislation.

Socialist takeover of America. Yeah buddy!

 

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World Class Peach



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  posted on 12/12/2014 at 10:04 PM
LOL yup

 

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Flies all green 'n buzzin' in his dungeon of despair
Who are all those people that he's locked away up there
Are they crazy?,
Are they sainted?
Are they zeros someone painted?,
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Zen Peach



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  posted on 12/12/2014 at 10:41 PM
quote:
quote:
How can someone complain about the corrupting influence of big business in politics, then turn around and cash every check they send you?

What the heck are you talking about?? I am not in politics and no one is sending me any checks to cash, so I think I can complain all I want.


I was talking about politicians like Liz Warren and Obama who complain about it but are glad to take the money, but you already knew that.

 

Peach Extraordinaire



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  posted on 12/13/2014 at 12:18 AM
quote:
quote:
quote:
How can someone complain about the corrupting influence of big business in politics, then turn around and cash every check they send you?

What the heck are you talking about?? I am not in politics and no one is sending me any checks to cash, so I think I can complain all I want.


I was talking about politicians like Liz Warren and Obama who complain about it but are glad to take the money, but you already knew that.


Are you saying that they should not accept their pay checks? What sort of logic are you using here? Perhaps Boehner and the do nothing GOP led Congress should not accept their pay checks.

 

True Peach



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  posted on 12/13/2014 at 07:24 AM
quote:
quote:
quote:
How can someone complain about the corrupting influence of big business in politics, then turn around and cash every check they send you?

What the heck are you talking about?? I am not in politics and no one is sending me any checks to cash, so I think I can complain all I want.


I was talking about politicians like Liz Warren and Obama who complain about it but are glad to take the money, but you already knew that.

Nope. Has nothing to do with the topic and I'm not a mind reader. But thanks for clarifying. You changed the subject to avoid the topic being discussed. Again.

 

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Zen Peach



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  posted on 12/13/2014 at 09:24 AM
quote:
quote:
quote:
quote:
How can someone complain about the corrupting influence of big business in politics, then turn around and cash every check they send you?

What the heck are you talking about?? I am not in politics and no one is sending me any checks to cash, so I think I can complain all I want.


I was talking about politicians like Liz Warren and Obama who complain about it but are glad to take the money, but you already knew that.

Nope. Has nothing to do with the topic and I'm not a mind reader. But thanks for clarifying. You changed the subject to avoid the topic being discussed. Again.



I was responding to a comment Bill Graham made initially on 12/12 at 9:53. Since this is an open forum, I felt free to do so. However, I will accept full blame for straying so far off topic if that makes you happy. How's that?

 

World Class Peach



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  posted on 12/13/2014 at 10:18 AM
This bill really sucks; I am not a fan of ever tacking things on to legislation. But; it is not just the republicans who have given the banks free reign. Clinton repealed Glass-Steagle. Obama was notoriously easy on the banks when he took office. Every one of them was tettering on bankruptcy yet were allowed (with essentially free loans) to continue to run/ruin the show.
 
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