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SENTRY JOURNAL » Financial Reform

Three Blind Mice: Snowe, Collins, and Brown

The three blind mice of the Republican Party have once again found common ground with the radicals.  Olympia Snowe, Susan Collins, and Scott Brown have all decided to support the government expanding, constitution trampling, free market killing, financial reform bill H.R. 4173.  For conservatives wondering what is wrong with the party of limited government look no further than these three blind mice. Olympia Snowe (R-ME) and Susan Collins (R-ME) are the two biggest RINOs in the Republican Party right now.  Out of 598 votes they have only voted with the Republicans 67.9 and 67.4 of the time respectively.  To give you an idea where that stacks up against Democrats with similar voting records, it would be like having Evan Bayh (D-IN) and Ben Nelson (D-NE) in the Republican Party.  Scott Brown … Read entire article »

Filed under: Conservative, Financial Reform, Olympia Snowe, republican party, RINO, Scott Brown, Susan Collins

Is the Financial Reform Bill Unconstitutional?

With the Senate on the verge of driving a stake through the heart of our free market system with the new and improved Financial Reform bill (H.R. 4173), I question whether it’s constitutional. The U.S. Chamber of Commerce’s view on this bill can be summed up in the following excerpt: the U.S. Chamber of Commerce today highlighted to lawmakers the regulatory tsunami that will develop from the conference base text, including 355 potential new rulemakings, 47 studies, and 74 reports—and potentially dozens more as implementation begins. “This tsunami of new rules and studies will perpetuate uncertainty and fail to provide clear rules of the road,” said David Hirschmann, president and CEO of the Chamber’s Capital Markets Center. “Business needs certainty, and we urge Congress to provide as much clarity as possible to ill-defined … Read entire article »

Filed under: Constitution, Financial Reform, H.R. 4173, Politics, U.S. Chamber of Commerce, Video

Paul Ryan: Wall Street "Reform" Just More Crony Capitalism

I know I keep hammering away on this Financial Reform bill that Congress passed on May 20, 2010, but I feel compelled to keep trying to drive the point home as to why this bill is so bad for our country, our people, and our free market system.  I found an outstanding article written by Representative Paul Ryan that I wanted to share with you all.  It is one of the best articles I have seen to date on this subject.  It’s pretty long but it’s a must read. Wall Street “Reform” Just More Crony Capitalism By Rep. Paul Ryan Democrats are nervous.  Really nervous. They would like nothing more than to turn the page on their health care takeover, taxpayer-funded bailouts, reckless spending, and exploding debt. In the face of fierce political headwinds, the … Read entire article »

Filed under: Crony Capitalism, Derivatives, Financial Reform, Paul Ryan

John Fund: Hey Bill Let’s Call Them the "Tea Bag Movement"

This is a video I found on NewsBusters of John Fund trying to convince Bill Maher to stop using the term “teabaggers.”  It’s actually a pretty good exchange. Enjoy: Oh by the way, while we were all appalled over the Mexican President’s comments and how the Democrats reacted to his comments on Thursday, another appalling event occurred on that same day in that same chamber.  The Senate by a vote of 59 to 39 passed the Financial Reform Bill.  Yes that’s right; the bill that lays the ground work to dismantle the free market system as we know it was passed on the same day that a foreign leader gave a speech to our Congress chastising the United States and our laws.  Oh the irony. Four Republicans joined the Democrats in passing this bill.  They were Sens. Scott Brown (R-MA), Olympia … Read entire article »

Filed under: Bill Maher, Financial Reform, John Fund, Tea Party Movement, Teabaggers

Financial Reform: How to Manipulate the Mob

How many of you recall when Rahm Emanuel stated that you should never let a crisis go to waste?  When you really dig down into that statement it’s actually quite frightening.  He made this statement back in 2008 and his basic belief is a crisis allows us the opportunity to do things we could not do before.  The below clip aired in 2008, of Rahm Emanuel talking about never wanting a serious crisis to go to waste.  You know like the so called healthcare crisis we were all experiencing.  They sure didn’t let that perceived crisis go to waste.  They passed one of the most intrusive, liberty stealing, unconstitutional law this nation has ever seen with zero bipartisan support.  Completely ignoring the will of the majority with little or no … Read entire article »

Filed under: capitalism, Chris Dodd, Democrats, Financial Meltdown, Financial Reform, Free Market, John Carey, thecurrent

Video: Financial Crisis 101

This is a very good video clip I found on BigGovernment.com.  Andrew Klavan puts the financial crisis into perspective. Enjoy:   Does anyone still believe that Congress and the President are looking out for our interest?   Liberty forever, freedom for all! … Read entire article »

Filed under: Andrew Klavan, Chris Dodd, Financial Crisis, Financial Reform, Obama, Video

Arizona: Don’t Look at the Light!

How many of you recall the scene from “It’s a Bug’s Life when a mosquito flies towards the pretty blue light in a trance like state while a second mosquito tries to warn him of the danger.  The light attracts the bug with its inviting blue hue and draws it in.  The bug so entranced by the light is powerless to resist.  Then…zap!  This is how I feel right now with the current Arizona immigration law and all the press it has received from the MSM.  That should be warning enough.  If the MSM wants your attention on it then perhaps something is amiss. The hue of the emotionally charged immigration debate is simply too hard to resist.  We all know that the Congress has already stated that immigration reform will more than likely not be taken … Read entire article »

Filed under: arizona, Bug's Life, Financial Reform, Immigration, National Post, Obama

Financial Reform = Checkbook Tax?

In my last post I told people to keep their eye on this financial reform bill.  That the recently passed immigration law in Arizona is being used by Democrats as a distraction to avert the public’s attention from what the left hand is doing in Washington DC.  Of course I am talking about the financial reform bill that up until today Republicans were engaging in a filibuster to block opening up debate on the Senate floor.  They have now decided to end their filibuster and allow debate on the bill to take place.  There are many reasons why this bill is bad for not only our free market system but for the taxpayer.  So it’s time to get our heads back the game. Frank Luntz wrote a very good article on … Read entire article »

Filed under: Checkbook Tax, Financial Reform, Frank Luntz, Obama, Wall Street

Cafferty Calls It Like It Is

I’m not a big fan of CNN’s Jack Cafferty but he hit this one out of the park.  I have said that the only thing controversial about Arizona passing an immigration law that essentially mirrors the federal immigration law is that they were forced into this position because the government failed to do their job when it comes to the enforcing the federal law. It was actually refreshing to finally see someone other than conservative talk radio call it like it is.  Read what Mr. Cafferty had to say about the Arizona law and the games our government is playing. NewsBustersJACK CAFFERTY: So Arizona passes a tough law against illegal immigration and suddenly they’ve got Washington’s attention.  One poll finds 70 percent of Arizona voters support this new law, so hey, maybe we better do something, too.  And like the lemmings … Read entire article »

Filed under: Financial Reform, Immigration, Jack Cafferty, President Obama