Tag Archives: OBAMA

Obama gives speech, slams Mccain on the economy

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Conservative Republicans always want the government to stay out of business and avoid regulation as long as they are making lots of money. When their greed, however, gets them into a fix, they are the first to cry out for rules and laws and taxpayer money to bail out their businesses. Obviously, Republicans are socialists. The Bush administration has decided to socialize the debt of the big Wall Street Firms. Taxpayers didn’t get to enjoy any of the big money profits on the phony financial instruments like derivatives or bundled sub-prime paper, but we get the privilege of paying for their debt and failures. Let’s just consider the money. The public bailout of insurance giant (becoming a dwarf) AIG is estimated at billion. According to one report, that’s more than the Bush administration spent on Aid to Families with Dependent Children during his entire time in office. That amount of money would also pay for health care for every man, woman, and child in America for at least six months. How did we get here? That’s pretty easy to answer, too. His name is Phil Gramm. A few days after the Supreme Court made George W. Bush president in 2000, Gramm stuck something called the Commodity Futures Modernization Act into the budget bill. Nobody knew that the Texas senator was slipping America a 262 page poison pill. The Gramm Guts America Act was designed to keep regulators from controlling new financial tools described as credit “swaps.” These are instruments like sub-prime …
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President Obama Speech on Financial Regulatory Reform

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President Obama announced the introduction of the new consumer financial protection agency, which will execute a plan for regulation reform that would improve the current “patchwork system” full of outdated regulations and lax oversight that helped lead to last year’s crisis,” and “stand up, not for big banks, not for financial firms, but for hard-working Americans.” Such changes, he says, would prevent consumers becoming victims of “predatory practices of some in the financial industry.” “Americans… are counting on us to be their advocates,” Obama said. He also commented on those “butcher” ads attacking the agency, saying that it would put small businesses out of businesses. “I don’t know how many of your butchers are offering financial services,” he says. “We can’t let speciail interests win this fight.”
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President Obama on National Small Business Award Winners

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The President delivers remarks at a ceremony honoring the National Small Business Award Winners in the East Room of the White House. May 19, 2009. (Public Domain)

Show Business: The Road to Broadway chronicles the story behind four of Broadway’s musicals – Taboo, Caroline or Change, Avenue Q and Wicked. This documentary was not accessible via closed-captioning or subtitles hence the courtesy of providing captioning here. Video credit goes to dsdffdsfdsdsffsd. (If you are that user and would like us to take it down and let us put up the captioning on your file, please let us know!) Fair use notice: The videos on this channel are transformative works used in good faith, in keeping with Section 107 of US copyright law, and as such constitute fair use of copyrighted material.
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First Lady Michelle Obama visits the Treasury Department

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On July 7, 2010, First Lady Michelle Obama visited the Treasury Department where she joined Secretary Geithner in thanking Treasury employees for their public service.

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