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Math: More Accountants Headed to Congress

grabberde Wrote: Nov 16, 2012 5:11 PM
Read Hank Paulson's book "On the Brink." We socialized the American financial system under a Republican administration! George W. Bush, Hank Paulson and the Republican administration told top bankers in the fall of 2008, that "they would have to accept government investment for the good of the American financial system." Hugo Chavez, Venezuela's socialist president, found this a stunning move. He said, "Bush is to the left of me now!, Comrade Bush announced he will buy shares in private banks. Viva La Revolution!" America did DE-socialize the financial system under Obama.
grabberde Wrote: Nov 16, 2012 5:12 PM
A card-carrying Republican retorts "how did we De-socialize under Obama? I'm confused??"

George W. Bush 'invited' top bankers to the White House and told them they must accept federal dollars to shore up their poor balance sheets in exchange for stock and warrants. These banks were allowed to return TARP money that in some cases was forced upon them and got their stock and warrants back all under Obama!

Although last week's election seemed like the end of common sense when it comes to fiscal policy, there is a silver lining. More certified public accountants are headed to Congress and the ones who were already there, are staying.

All eight CPAs currently in the House won re-election, according to the Journal of Accountancy, including John Campbell, R-Calif., Mike Conaway, R-Texas, Bill Flores, R-Texas, Lynn Jenkins, R-Kan., Steven Palazzo, R-Miss., Collin Peterson, D-Minn., James Renacci, R-Ohio, and Brad Sherman, D-Calif. Several of them won re-election after fierce contests in recently redrawn congressional districts.


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