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JP Morgan Shows Obama Bank Reform as Flawed

barry1817 Wrote: May 15, 2012 12:47 AM
People must remember that obozo's economic policy is such that not a single member of his own party voted for his budget. Then you have Immelt telling obozo about business and obozo telling immelt he ain't listening to him, after all he only is running G.E. and obozo has yet to run a lemonade stand successfully, And then you have to remember that when told that lowering capital gain taxes increases revenue to the government this clown says that he doesn't care about that, he wants to raise taxes because it is fair. First White, black, gay, unpatriotic failure with the economic acument of a sea slug who is "occupying" the White House. Time to clean house and get the stench our of the building.
Joseph64 Wrote: May 15, 2012 3:17 AM
Yeah, I mean who the hell is Jeffrey Immelt to tell Obama anything when he had a job at Baskin Robbins in Hawaii over one summer as the total of his private sector business experience.
eaprea Wrote: May 15, 2012 6:57 AM
Many Dems talk about Obama inheriting a huge deficit from Bush,so lets take a short history lesson.Budgets come from congress not the wht house.The Dem party has controlled since 2007 to 2010.They controlled the budget process for 2008&2009,as well 2010.In that frist yr,the Dems had to contend with Bush,which caused them to compromise on spending increases.For 2009,Nancy Pelosi and Harry Reid bypassed George Bush entirely,passing continuing resolutions to keep government running until Obama could take office.At that time, they passed a massive omnibus spending bill to complete the 2009 budgets.The Dems did not inherite any deficit,the last of the Republican budgets,If Obama inherited anything he inherited from himself.
mistermilo Wrote: May 15, 2012 5:24 PM
--and a baskin robbins, he only served chocolate or vanilla ice cream!!!

Barack Obama went on the business talk show The View to talk about how banks need more stringent regulations on trading activities in light of trading losses at JP Morgan.

Reports Reuters:

"JPMorgan is one of the best managed banks there is. Jamie Dimon, the head of it, is one of the smartest bankers we got and they still lost $2 billion and counting," Obama said on ABC's "The View," according to a transcript released by the network.

"We don't know all the details. It's going to be investigated, but this is why we passed Wall Street reform," Obama...

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