Obama urges new powers for the Fed
OPS_admin | Mar 20, 2010 | Comments 0
US President Barack Obama on Saturday urged senators to grant the Federal Reserve a dramatic expansion of its’ regulatory powers and to establish a new consumer protection committee to help safeguard Americans from Wall Street’s excesses.
“These reforms are essential,” Obama said in his weekly radio address.
“As I’ve urged over the past year, we need common-sense rules that will allow our markets to function fairly and freely while reining in the worst practices of the financial industry.”
On Monday, the Senate banking committee will debate a proposal by Democratic Senator Christopher Dodd that is designed to halt what he sees as abuse and excess by financial firms.
Full Story: Obama urges Senate action on controversial finance reforms | Raw Story.
Filed Under: Fascism, Police State, Authoritarianism
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The oligarchs openly talking about a coup d'état in America?
Multi-millionaire lobbyist Grover Norquist is calling for the impeachment of President Obama. In an interview with the right-wing National Journal - Norquist warned that if President Obama wins re-election and decides to let the Bush tax cuts for the top 2% expire at the end of the year - then Republicans will "have enough votes in the Senate in 2014 to impeach [him]."What does that mean? It means that the super rich in America - and their political operatives like Norquist in Washington, DC - have now compared a tiny tax increase on the wealthy to high crimes and treason - the only Constitutional basis Congress can use to impeach a President. It sounds like the oligarchs are now openly talking about a coup d'état in America.-Thom(Do you think will try it? Tell us here.) -
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The modern conservative is engaged in one of man's oldest exercises in moral philosophy; that is, the search for a superior moral justification for selfishness. 
