Comments on: Big Three Spending Millions On Lobbying
Auto Makers Drowning In Red, But Still Spent Neary $50 Million Lobbying Congress
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- Pelosilover it was the Gramm-Leach (republicans) mtdernization act nov 12 1999 that repealed the Glass-Steagall act that was voted on by Clinton with a Republican(veto-proof) congress. this is what caused this mess not until two yeas ago did the democrats have the power to do anything. they are finding out that this started two yeas ago but the Republicans are to blame forthis mess with eight years of Bush we had foreign trade with CANADA-MEXICO-ISRALE NOW WE HAVE TRADE WITH 13 OTHER COUNTRIES NOT COUNTING CHINA ALL UNDER BUSH AND THE REPUBLICANS.
Posted by rxzyu at 09:11 PM : Dec 03, 2008
Now the facts, I know they are hard to deal with for dems:
The Gramm-Leach-Bliley Act passed the Senate on a 90-8 vote, among them 38 Democrats, some of them quite vocal supporters of the deregulation bill, including Sens. Chuck Schumer, John Kerry, Chris Dodd, John Edwards, *** Durbin, Tom Daschle, and Joe Biden. - Reply to this comment
- Pelosilover it was the Gramm-Leach (republicans) mtdernization act nov 12 1999 that repealed the Glass-Steagall act that was voted on by Clinton with a Republican(veto-proof) congress. this is what caused this mess not until two yeas ago did the democrats have the power to do anything. they are finding out that this started two yeas ago but the Republicans are to blame forthis mess with eight years of Bush we had foreign trade with CANADA-MEXICO-ISRALE NOW WE HAVE TRADE WITH 13 OTHER COUNTRIES NOT COUNTING CHINA ALL UNDER BUSH AND THE REPUBLICANS.
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- Dear stupid,
1 - The deregulation happened because of legislation crafted by Senate Banking Committee Chairman - Phil Gramm.
2 - The legislation was made VETO PROOF in the REPUBLICAN led congress and senate, and THEN it was sent to Clinton. That means he HAD TO SIGN IT into law.
Posted by IwasHungry68 at 08:49 PM : Dec 03, 200
Hey Stupid,
Former President Bill Clinton says deregulation of financial institutions is not to blame for the mortgage market mess.
Clinton was asked in an interview if he regretted signing legislation in 1999 that repealed the Glass-Steagall Act of 1933, which had separated commercial and investment banking.
"No, because it wasn''t a complete deregulation at all. We still have heavy regulations and insurance on bank deposits, requirements on banks for capital and for disclosure," Clinton said emphatically in the Business Week interview.
The Gramm-Leach-Bliley Act passed the Senate on a 90-8 vote, among them 38 Democrats, some of them quite vocal supporters of the deregulation bill, including Sens. Chuck Schumer, John Kerry, Chris Dodd, John Edwards, *** Durbin, Tom Daschle, and Joe Biden.
"Schumer was especially fulsome in his endorsement," observes The Wall Street Journal.
Now, according to The Journal, these facts will likely come as news to many, including the national press corps and presidential candidate Barack Obama, who are promoting the idea that deregulation is to blame for the mortgage market meltdown. - Reply to this comment
- Give the big three some bailout money while companies in other industries continue to bleed out of the country through the lopsided free trade agreements. Then, when there are no other jobs left with a decent wage, the shiny new cars still won''t be selling and the big three will die anyway in another couple decades.
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- Dingell''s wife Debbie once worked as a lobbyist for GM.
When she married the congressman, she became a senior GM executive at an undisclosed salary. And we found the couple has extensive GM assets.
Dingell''s current financial disclosure filed in May lists GM stock worth up to $350,000, options worth up to $1 million more, and a GM pension fund. In 2000, among the Dingells'' GM assets were stock options worth up to $5 million.
And in 1998, the congressman reported selling GM stock options worth up to $1 million dollars.
Dingell wouldn''t agree to an interview.
Are you kidding me? He should be in jail.......
Now I am really furious, no money for Detroit period... - Reply to this comment
- Trillions GIVEN to bankers, both USA and International, that caused this debacle with no questions asked.
Yet the $25 billion LOAN to Detroit that might just save a goodly portion of our manufacturing base and the Washington hacks haggle and finagle about every last cent.
Fire the CEOs of GM, Ford and Chrysler first, but send to prison the Wall Street moneychangers, shysters and scoundrels that put us into this mess and refuse to give a dime to our taxes to this new wave of new found bankers from Europe and elsewhere.
We desperately need some USA Firsters in our government before we become a third world nation. - Reply to this comment
- Posted by perceptions5 at 07:50 PM
I just laugh when I see comments like yours. We all know how this economy got where it is. If you need a hint, you can start with your buddies at good old Enron. Yep, The way that situation was handled by Bush and YOUR REPUBLICAN CONGRESS when they extorted money from California and defrauded their investors is the perfect example of what we have now.
These car guys are YOUR FRIENDS. You know, the guys who insisted that Americans drive and be killed by oversize vehicles. These are your friends who don''t believe in global warming. Remember? Neither do you. You should be over their kissing their fat hineys, because they are you, through and through. - Reply to this comment
- The best words to describe what is going on is vulgar greed. Our founding fathers would be embarred by what has become of congress and the many hands they have reaching out into the lobbyists cookie jars. It is absolutely ridiculous that they are allowed to partake in such behavior. Our government should not be filled with the rich elite. It''s time both the UAW and our congress come down into the real world. Let the auto industry flounder and get rid of our current congress who seem to be working only for their own benefit.
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- The Democrat Party is in control and STILL can''t lead this should be a great four years.
The "Axis of Incompetence"..............Obama, Harry, and Nancy
.........a Chicago Gangster......... a Las Vegas Mobster............and a San Francisco Snobster...
LOOK the Congress RUNS the economy and look at the job the great Dems have done with our economy the last two years..............contrast that with the Commander-in-Chief, Bush and his JOB is to run the wars............GREAT Job the last two years!
Of course our Nazi-like press will continue to prop up their pals, the Dems
And keep using their corrupt liberal propaganda to blame those "boggyman Republicans"..........boo!
What a fairytale................... - Reply to this comment
- It is not the republican that cause this. It is the UAW and the Automakers. IDIOT.
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- The Automakers LIE. It seams every one know this, but the idiots we have in congress. No only do we need to let the big 3 go down, we need to replace congress.
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