[Peace-discuss] Fwd: Wall Street reform

Sat Apr 17 08:01:21 CDT 2010

Well John,

As my Labor Activist grandmother use to say ; " actions speak louder than words " !

As usual, Obama talks a good talk, but he has CONSISTENTLY done just the opposite.
The so called " Health Care Reform " bill is a perfect example. Obama spoke of a public option but there is NO public option !
Only the further entrenchment of the private Health Insurance industry AND FORCING by threat of fine, Americans with no health care to buy the private insurance industry's over priced defective product. The end result will be greater corporate profits for the insurance industry with no increase in health care coverage for tens of millions of Americans because the fine will be cheaper than the outrageous premiums.

And then there are the issues of ; continuing the Patriot Act, defending the Bush people from criminal charges and lawsuits, expanding the wars of corporate aggression, wanting to expand corporate trade treaties like NAFTA ( Plan Columbia ) that has devastated the U.S. manafacturing base and economy / jobs. Etc., etc.

Obama was groomed by the ruling class to serve the interests of the ruling class.
He does NOT serve the peope who voted for him, he serves the empire whose corporate money and media created one of the slickest public relations / advertising campaigns in modern U.S. history.
The supposed " conflicts " with the republicans is a dog and pony show that is presented as a supposed choice, when in fact the " choices " are not OUR choices, but the " choices " the ruling class present to us in their pre-fabricated reality via THEIR corporate media.

So yes ! There is NOTHING I like about Obama. He is a liar and a traitor to the people who elected him.

David J.

  ----- Original Message ----- 
  From: John W. 
  To: Peace-discuss 
  Sent: Saturday, April 17, 2010 3:59 AM
  Subject: [Peace-discuss] Fwd: Wall Street reform

  I'm certainly sorry that some of you can find NOTHING to like about Barack Obama.

  ---------- Forwarded message ----------
  From: Barack Obama <info at barackobama.com>
  Date: Fri, Apr 16, 2010 at 12:48 PM
  Subject: Wall Street reform
  To: John Wason <jbw292002 at gmail.com>

        John --

        It has now been well over a year since the near collapse of our entire financial system that cost the nation more than 8 million jobs. To this day, hard-working families struggle to make ends meet.

        We've made strides -- businesses are starting to hire, Americans are finding jobs, and neighbors who had given up looking are returning to the job market with new hope. But the flaws in our financial system that led to this crisis remain unresolved.

        Wall Street titans still recklessly speculate with borrowed money. Big banks and credit card companies stack the deck to earn millions while far too many middle-class families, who have done everything right, can barely pay their bills or save for a better future.

        We cannot delay action any longer. It is time to hold the big banks accountable to the people they serve, establish the strongest consumer protections in our nation's history -- and ensure that taxpayers will never again be forced to bail out big banks because they are "too big to fail."

        That is what Wall Street reform will achieve, why I am so committed to making it happen, and why I'm asking for your help today.

        Please stand with me to show your support for Wall Street reform.

        We know that without enforceable, commonsense rules to check abuse and protect families, markets are not truly free. Wall Street reform will foster a strong and vibrant financial sector so that businesses can get loans; families can afford mortgages; entrepreneurs can find the capital to start a new company, sell a new product, or offer a new service.

        Consumer financial protections are currently spread across seven different government agencies. Wall Street reform will create one single Consumer Financial Protection Agency -- tasked with preventing predatory practices and making sure you get the clear information, not fine print, needed to avoid ballooning mortgage payments or credit card rate hikes.

        Reform will provide crucial new oversight, give shareholders a say on salaries and bonuses, and create new tools to break up failing financial firms so that taxpayers aren't forced into another unfair bailout. And reform will keep our economy secure by ensuring that no single firm can bring down the whole financial system.

        With so much at stake, it is not surprising that allies of the big banks and Wall Street lenders have already launched a multi-million-dollar ad campaign to fight these changes. Arm-twisting lobbyists are already storming Capitol Hill, seeking to undermine the strong bipartisan foundation of reform with loopholes and exemptions for the most egregious abusers of consumers.

        I won't accept anything short of the full protection that our citizens deserve and our economy needs. It's a fight worth having, and it is a fight we can win -- if we stand up and speak out together.

        So I'm asking you to join me, starting today, by adding your name as a strong supporter of Wall Street reform:

        http://my.barackobama.com/StandForWallStreetReform

        Thank you,

        President Barack Obama

        Paid for by Organizing for America, a project of the Democratic National Committee -- 430 South Capitol Street SE, Washington, D.C. 20003. This communication is not authorized by any candidate or candidate's committee.

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