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MannyGoldstein

(34,589 posts)
Thu Apr 5, 2012, 08:57 PM Apr 2012

Obama, Cantor Work Together To Help Americans

President Obama signs the JOBS Act, joined by Act author Eric Cantor, Scott Brown, Patrick McHenry, and others.





Working with Republicans instead of against them, we can accomplish great things. Yes We Can.

Spitzer among JOBS Act detractors

The JOBS Act, which President Barack Obama signed into law Thursday, was opposed by financial regulators, including Securities and Exchange Commission Chairwoman Mary Schapiro, who said, "We should not walk backwards here," referring to a provision that allows financial analysts to publicly discuss relatively small companies they are researching for banks handling the public debuts.

Spitzer, quoted by The New York Times Thursday, said: "It is a bad sequel to a bad movie. It shouldn't be called the JOBS Act. It should be called the Bring Fraud Back To Wall Street Act."

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marmar

(77,056 posts)
6. Jim Hightower's take on the so-called JOBS Act.....
Thu Apr 5, 2012, 09:17 PM
Apr 2012

by Jim Hightower


Hallelujah, Washington has finally heard the people's cries for jobs! In an urgent bipartisan push, Democrats and Republicans have joined hands across the aisle to pass the JOBS Act. In this time of "The Great Hurt" — with widespread unemployment, middle-class incomes tumbling and the price of gasoline skyrocketing — we can all applaud our stalwarts in the capital city for meeting the No. 1 need of America's hard-hit economy: deregulating Wall Street.

Huh? I thought this was a jobs bill?

We'll get to that, but first (as always) Wall Street bankers must be served. Yes, them. The same priests of unmitigated arrogance who caused the disastrous financial crash that continues to rumble across our land. The same Wall Streeters we bailed out with trillions of public dollars. That Wall Street is now sulking and skulking around the U.S. Capitol, insisting that it is an economic victim, held back from its profiteering potential by government regulations to protect the public from finaglers and fraudsters. "Free Wall Street," is their cry!

Clucking with sympathy, Congress' tea party Republicans have rushed to the side of these poor, rich financiers, pledging to unshackle them from "burdensome" regulations. Serving Wall Street is not all that popular these days with voters, however, so the Repubs and their Democratic allies have committed their own fraud in order to pass this bill, deceptively titled it the "JOBS Act" (even though it doesn't actually create any jobs). ................(more)

The complete piece is at: http://www.commondreams.org/view/2012/04/04



 

MrSlayer

(22,143 posts)
7. ...work together to help Americans get fucked even harder.
Thu Apr 5, 2012, 09:19 PM
Apr 2012

Why do we pretend anyone is on our side in Washington?

freshwest

(53,661 posts)
10. The smiles are all part of the 'keep your friends close and your enemies closer' strategy.
Thu Apr 5, 2012, 09:32 PM
Apr 2012

I'm not sure why you're bringing those names up. After all, they may not be real progressives, you know...



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