Angry Congress lashes out at Obama

[last_texas_dem]

>>>>Growing discontent over the economy and frustration with efforts to speed its recovery boiled over Thursday on Capitol Hill in a wave of criticism and outright anger directed at the Obama administration.
Episodes in both houses of Congress exposed the raw nerves of lawmakers flooded with stories of unemployment and economic hardship back home. They also underscored the stiff headwinds that the administration faces as it pushes to enact sweeping changes to the financial regulatory system while also trying to create jobs for ordinary Americans.

President Obama's allies in the Congressional Black Caucus, exasperated by the administration's handling of the economy, unexpectedly blocked one of his top priorities, using a legislative maneuver to postpone the approval of financial reform legislation by a key House committee.>>>> snip

>>>>Federal Reserve under scrutiny
Perhaps most troubling for the administration was that one of the few measures to succeed Thursday was an amendment by Rep. Ron Paul (R-Tex.) that would subject the Federal Reserve to unprecedented scrutiny. The amendment, which won bipartisan support in the House Financial Services Committee despite the reservations of administration officials, would allow the Government Accountability Office to audit all of the Fed's operations, including its decisions on interest rates and its transactions with foreign central banks.

Paul and allies in both parties -- more than 300 members of Congress have endorsed the measure -- are looking to increase oversight of an institution they consider partly to blame for the financial crisis. Federal officials and many private economists worry that the amendment could make future central bank policymakers reluctant to take unpopular steps to prevent inflation or support the economy for fear of second-guessing by Congress and government auditors.>>>>

http://www.msnbc.msn.com/id/34057664/ns/business-washington_post/?ocid=twitter

[ananda]

1. And yet..

.. they're just doing the bidding of their corporate masters.

Why aren't they angry at them?

[liberal N proud]

3. $$$$

You don't piss of the hand that puts the money in your wallet.

[vaberella]

2. Ron Paul has won support? I guess this is the first step to destroying the Fed.

That's cool----since they don't know where the money goes when we give it to them.

[Craftsman]

4. The dems in congress are getting scared for their seats

and they should. Until they start looking out for Main street instead of Wall sreet they need to lose.

[ChiciB1]

7. KICK, KICK, KICK... Get Thee Out With Geithner/Summers!! Dylan Ratigan's

show is stating that Alan Greenspan says IF AUDITED, America WON'T LIKE WHAT THEY SEE!!!

How inter sting?? Then Grayson comes on and says Todo is at the curtain and we might just get to see WHAT'S BEHIND THE CURTAIN!! Click your heels Dorothy!!

There's no place like home, there's no place like home!! For those of us who STILL HAVE ONE!!

Let's Go... FULL STEAM AHEAD! I may be cheering for something that won't end up so well, but SOMETHINGS GOTTA GIVE!!

JMHO!!

[TwilightGardener]

5. Like I would trust that fucking gang of Keystone Cops, each with his or her

own little pet political agenda, to do better with the economy. Assholes.

[firedupdem]

6. That's cool...by all means hold feet to the fire....

I just wish some "lashing out" had been done with the previous administration. We wouldn't be in this mess had they had some balls back then. The new repubs in 2010 and the repub president in 2012 will get this all worked out. :eyes:

[Phx_Dem]

8. Aren't these the same people who were so worried about the stimulus bill being too big.

It should have been bigger, but Congress wouldn't pass anything bigger. These losers are always the first to blame someone else for THEIR mistakes and misjudgements.

[Thrill]

9. This is typical of how Democrats act when in power

They eat their own. Which is why they aren't likely to stay very long

[vaberella]

10. Yup. n/t

[FrenchieCat]

11. At this point, I will almost be glad to see Obama gone soon.....

so then folks can remember what it was like under BUSH....
cause apparently, they have forgotten....

Spoiled ass scared ass folks...

Plus the media will magnify anything that can be interpreted negative
about this President. They want him neutered.

[HopeOverFear]

12. Did they stand up to Bush like this? No?

I didn't think so :eyes:

but in any case...good for them.

[Kurt_and_Hunter]

13. Actually, the congressional black caucus stood up to Bush plenty

They didn't usually have the decisive votes, but they were the only bloc of congresspeople who were reliably obstructionist during our long national nightmare.