Disgusted With Obama Administration.

• BoatShoes

  Manhattan Buckeye;921411 wrote:No part of this post made sense. Particularly the last sentence.
  
  "Once again you continue to latch onto statements and warp them to mean the most extreme conclusion instead of focusing on much more indicative policy proposals and actions."
  
  That isn't English. I see what you did there.
  
  The Chambers of Commerce are beside themselves with the unnecessary government intrusion.

  Apologies if you don't like my internetz prose. FWIW I was incorrect...it wasn't the Chamber of Commerce as they sat out the lobby fight on swipe fees. it was the National Federation of Independent Business who argued that the large swipe fees were anti-competitive as the majority of them went to only 10 banks. My mistake.
• majorspark

  

  BoatShoes;921404 wrote:They can no longer transparently raise prices on their customers through retailers when they charge swipe fees > 150% necessary to make a profit off of.

  Retailers bare some responsibility here too. They could lower their prices and charge a swipe fee and print it on the receipt (much like sales tax) or give a discount for using cash. Retailers chose to raise prices and conceal the cost to consumers because they feared backlash. I know many have puchase minimums to swipe a card. My wife and I are actually looking at purchasing a small coffee shop. This discussion came up in reviewing the numbers in how to deal with this issue.
  
  At some point these swipe fees would have become unbearable to business and the free market would have acted. Instead retailers ran to Uncle Sam to make them stop.
• Cleveland Buck

  

  There are a lot of Marxists at these Wall Street protests, but there are a lot of free market libertarians there too, and if the two sides can come together and force change on this one issue that they agree upon, more power to them. Our current banking system has absolutely nothing to do with free market capitalism.
  
  If the Fed raised their overnight rate just to something like 3% every one of the big banks would go bankrupt, because they only way they are making money now is borrowing from the Fed for free and buying U.S. treasuries with them. If the free market set the interest rates, they would have no chance.
  
  Bank of America can do whatever they want. They know the government won't let them fail. They own the government. Just look at who donates to Obama, Romney, Cain, Perry and the other establishment Republicans. I bet Goldman Sachs and J.P. Morgan aren't far from the top of their lists. I'm sure many of the Marxists mistake that for capitalism, but nevertheless it still needs to be fixed. This system is obviously not sustainable for much longer.
• QuakerOats

  And Dodd-Frank did nothing to deal with too-big-to-fail, but it will cause all banks to be further stressed, and now the prez is telling them not to raise fees (fees which might have helped their capital position). It is as though the radicals in charge have purposely rigged the system for failure, then they can claim that capitalism isn't working and more government is the answer.
  
  It is getting near the point for the conservatives in this country to start doing the marching.
• Writerbuckeye

  

  QuakerOats;921484 wrote:And Dodd-Frank did nothing to deal with too-big-to-fail, but it will cause all banks to be further stressed, and now the prez is telling them not to raise fees (fees which might have helped their capital position). It is as though the radicals in charge have purposely rigged the system for failure, then they can claim that capitalism isn't working and more government is the answer.
  
  It is getting near the point for the conservatives in this country to start doing the marching.

  
  
  Tea Party groups have already done it, and been called racists and a lot of other less than desirable names by the left wingers and their media allies who want to discredit any movement in that direction.
• Mortgagestar1

  Socialism has a cost. Its called economic slavery and complacency. Look at Greece and other countries tanking!
• I Wear Pants

  Writerbuckeye;921507 wrote:[/B]Tea Party groups have already done it, and been called racists and a lot of other less than desirable names by the left wingers and their media allies who want to discredit any movement in that direction.

  And right wingers do the same for those that protest for workers rights, etc, etc.
  
  Both the right and the left in this country fucking suck.
• I Wear Pants

  QuakerOats;921484 wrote:And Dodd-Frank did nothing to deal with too-big-to-fail, but it will cause all banks to be further stressed, and now the prez is telling them not to raise fees (fees which might have helped their capital position). It is as though the radicals in charge have purposely rigged the system for failure, then they can claim that capitalism isn't working and more government is the answer.
  
  It is getting near the point for the conservatives in this country to start doing the marching.

  Good god you people are paranoid. The Democrats are not trying to purposefully ruin the country. Take your foil hats off.
• BGFalcons82

  

  I Wear Pants;921522 wrote:Good god you people are paranoid. The Democrats are not trying to purposefully ruin the country. Take your foil hats off.

  A senator should get fitted for tin foil then, eh?
  
  http://thehill.com/blogs/floor-action/senate/185087-obama-is-purposefully-spiking-us-energy-supply-says-inhofe
• BGFalcons82

  

  I Wear Pants;921522 wrote:Good god you people are paranoid. The Democrats are not trying to purposefully ruin the country. Take your foil hats off.

  Size up Representative Alan West while you're at it - http://www.therightscoop.com/allen-west-obama-intentionally-killing-the-economy/
• Cleveland Buck

  

  QuakerOats;921484 wrote:And Dodd-Frank did nothing to deal with too-big-to-fail, but it will cause all banks to be further stressed, and now the prez is telling them not to raise fees (fees which might have helped their capital position). It is as though the radicals in charge have purposely rigged the system for failure, then they can claim that capitalism isn't working and more government is the answer.
  
  It is getting near the point for the conservatives in this country to start doing the marching.

  The fees aren't going to help anything. It is a cash grab enabled by the government and Fed. They socialize their losses, forcing them on the American people by selling them to the Federal Reserve. They hold some $30 trillion of credit default swaps on bad mortgage debt and bad foreign debt. They are so fucking bankrupt it is a joke. The fact that they are still in business to try and raise these fees is a travesty. They should be liquidated through bankruptcy courts and any good assets they have should be bought by sound companies.
• I Wear Pants

  BGFalcons82;921543 wrote:A senator should get fitted for tin foil then, eh?
  
  http://thehill.com/blogs/floor-action/senate/185087-obama-is-purposefully-spiking-us-energy-supply-says-inhofe

  Yes, they're both crazy and/or partisan hacks.
• QuakerOats

  I Wear Pants;921522 wrote:Good god you people are paranoid. The Democrats are not trying to purposefully ruin the country.

  I didn't think so, so maybe they just need to get control of their party back from the socialists, marxists, and communists that have overtaken it and most of the bureaucracies!
• I Wear Pants

  QuakerOats;921560 wrote:I didn't think so, so maybe they just need to get control of their party back from the socialists, marxists, and communists that have overtaken it and most of the bureaucracies!

  You probably think those are all synonyms.
• BGFalcons82

  

  BoatShoes;921398 wrote:socialist/communist regime eh? I mean let's compare he wants to pass three free trade agreements this week but because he thinks customers ought to be able to freely and easily change to one of BoA's competitors as proposed by Rep. Joe Miller he's a socialist. All because the huge monopolistic banking industry didn't like the Chamber of Commerce and other retailers advocating that they don't get charged fees that give the banks > 150% profit per swipe. <---That's not capitalism when the retailers had no choice but to allow debit cards or lose massive amounts of customers or to accept debit cards and pay ginormous fees.
  
  And consumers weren't switching from BoA to smaller banks because they were unaware that their bank was charging huge fees on retailers and raising their prices.
  
  In fact the subsequent legislation by Joe Miller, were it to be passed would actually improve competition in the retail banking sector were Republicans to support it but of course they would not because a democrat is proposing it.
  
  But anyway, even if this were indicative of his secret desire for socialism (which a libertarian like Cleveland Buck would say a desire to stop the cartel-like practices our huge banks are practicing is not...and he's no Obama supporter) taken in the aggregate with his support for three new free trade agreements this week...you'd think the actual free trade policies that real liberals like Dennis Kucinich are lambasting might be weightier evidence in support of the contrary.
  
  Once again you continue to latch onto statements and warp them to mean the most extreme conclusion instead of focusing on much more indicative policy proposals and actions.

  You are missing the point by delving into a wonkish answer about proposed legislation, what-ifs, and bringing Cleveland Buck into it. Dodge-duck-dip-dive-and dodge once again. At least you're becoming predictable.
  
  The point is that Barry believes that profits and what banks can charge to attain said buoyancy should be ordained by government, notably....HIMSELF!!! This is clearly socialistic pedigree if not fascist. But you don't see it because he doesn't clearly state the words, "I believe in socialism above all else". Just listen and you can hear them.
  
  You love to claim I have blinders on. Maybe I do get riled up by the audacity of this regime and see things out of conservative lenses. However, he's clearly in favor of big centralized governmental control over as much as he can get...either through the bully pulpit or administrative fiat. He is destroying the country we all grew up in all in the name of "fairness" and "social justice". All you have to do is read Rev Wright to know how Barry has thought for 20 years.
• QuakerOats

  I Wear Pants;921563 wrote:You probably think those are all synonyms.

  
  Not really, but wondering about their commonality in latching onto what once was the democrat party.
• Cleveland Buck

  

  It's absurd that the government thinks they should be able to tell a company what fees it charges. To think that this solves any problem is ridiculous. It is also absurd that Bank of America is still in business. No $5 fee is going to raise the trillions they need to be solvent again. The solution is to liquidate them, not to have the government step in an tell them how they can and can't continue to rob the American people.
• I Wear Pants

  QuakerOats;921591 wrote:Not really, but wondering about their commonality in latching onto what once was the democrat party.

  And you don't notice the exact same thing with what was once known as the Republican party and your brand of radical conservatives?
• QuakerOats

  "radical conservatives" ....... sounds like an oxymoron.
  
  Generally, conservatives - even 'radical' ones (i.e. Tea Partiers) - are regular people who simply believe in fiscal discipline and abiding by the U.S. constitution, that's it. Call them what you wish, but that is who they are. They are not subversives whatsoever.
• QuakerOats

  I Wear Pants;921522 wrote: The Democrats are not trying to purposefully ruin the country. Take your foil hats off.

  http://abcnews.go.com/blogs/politics/2011/10/durbin-to-bank-of-america-customers-get-the-heck-out-of-that-bank/
  
  My, my, is that a radical democrat urging a run on a bank ................ ??
• jmog

  I Wear Pants;921619 wrote:And you don't notice the exact same thing with what was once known as the Republican party and your brand of radical conservatives?

  So if someone believes in fiscal conservation, and running the government according to our constitution that is now being "radical"? If so then this country is worse off than I thought.
• believer

  

  jmog;922053 wrote:So if someone believes in fiscal conservation, and running the government according to our constitution that is now being "radical"? If so then this country is worse off than I thought.

  Strangely enough we have, indeed, gotten to the point that anyone who believes in limited government and that the Constitution is NOT a "living, breathing document subject to broad interpretation" are considered radicals.
• Writerbuckeye

  

  believer;922151 wrote:Strangely enough we have, indeed, gotten to the point that anyone who believes in limited government and that the Constitution is NOT a "living, breathing document subject to broad interpretation" are considered radicals.

  This. Just another leftist lie.
• QuakerOats

  http://www.forbes.com/sites/kellyphillipserb/2011/10/04/bank-of-america-debit-card-fees-slammed-as-durbin-tax/?feed=rss_home
  
  The 'Durbin amendment' to the Dodd-Frank piece of legislative garbage ....... proving yet again that liberalism always generates the exact opposite of its stated intent.
  
  Change we can believe in .......
• BGFalcons82

  

  I Wear Pants;921558 wrote:Yes, they're both crazy and/or partisan hacks.

  FYI...neither one is a disgruntled commentator, working for a network, nor beating their chest looking for someone to point a camera their way. They are...ahem...2 of 535 elected Congressional officials. Even if they are partisan hacks, they both will likely want a majority of votes come next election, so for them to come out and state the regime is harming the economy on purpose is a high risk position. I don't think they'd go out on this limb without feeling pretty confident about their positions.