President Obama has been getting tons of flack during his presidency.......... from everyone. The right is calling him a socialist and is declaring that he is destroying our country. The left is calling him spineless and some say he is no better than Bush. In my eyes that means he's probably not doing to bad. He made a big splash with health care (look the sky didn't fall yet) and now he is moving on to financial reform. So far the political opposition has been low key. I mean, who in their right mind would openly side with Wall-street right after those bastards almost sent us into the toilet? OH WAIT! I forgot about Wall-street........
One broker was particularly annoyed that Obama is attempting to put the clamps on the financial industry after having accepted political contributions from Goldman Sachs employees during his presidential campaign.
"He took their money before, so it's kind of hypocritical to attack them now,"
Frank Clemente (Insanely stupid douche-bag stock broker). (CNN)
Another idiot said the following;
"I think he needs to focus on more important issues of the U.S. economy, which is to bring employment back, to bring greater stability," (Random douche-bag lawyer). (CNN)
To douche #1, hypocrisy is "The practice of professing beliefs, feelings, or virtues that one does not hold or possess" (thefreedictionary.com). What the Prez did is not hypocritical. It is exactly what we need more of our representatives to do. Namely follow their conscience and try to do what is right. What you are describing is called quid pro quo (this for that). This is the exact opposite of what we want our elected officials to be doing. You are implying that you think if a political candidate takes money from someone that the candidate owes that doner total allegiance. Not sure if you thought that through. What happens if the candidate takes money from two places that have different opinions about the same subject? I'm assuming in your world the higher dollar amount would take precedence........ wow.
To douche #2, properly regulating the industry
will help the economy, bring back jobs and stability. And please don't try to give me that crap about all regulation being bad. Not all regulation is bad. If you don't think so just try to think about how the gloriously free market treated kids before child labor laws regulated industry. But not all regulation is good. There is a middle ground. What we need to argue about in this country is what kind of regulations will keep the market in check enough to ensure that everyone has a fair chance at the American dream. This will require careful regulation that helps keep the market away from the dramatic highs and lows that severely disrupt society (i.e. the Great Depression and whatever the hell is happening now) while still ensuring that the motivation provided by the capitalist system of competition, innovation, hard work and reward remains strong.
In short the gentlemen on Wall-street that are griping about their pockets possibly being lightened need to jam a sock in their pie hole. Look at what has happened to the rest of the country because of their irresponsibility. We have all repeatedly seen that they are either unwilling or unable to control their own greed. They have gotten to the point where they will cheat, lie and steal the
entire pie and the top executives don't even have to endure the risks that should be associated with their business. Its time to roll back some of the regulations that were lifted under the past few administrations (Bush and Clinton are to blame). Let get it right this time.