House Passes Massive Financial Overhaul Bill w/ Paul Amendment (HR 4173); Paul and All Republicans Vote Against
WASHINGTON — The House passed the most ambitious restructuring of federal financial regulations since the New Deal on Friday, aiming to head off any replay of last year's Wall Street failures that plunged the nation deep into recession.
The sprawling legislation would give the government new powers to break up companies that threaten the economy, create a new agency to oversee consumer banking transactions and shine a light into shadow financial markets that have escaped the oversight of regulators.
The vote was a party-line 223-202. No Republicans voted for the bill; 27 Democrats voted against it.
While a victory for the administration, the legislation dilutes some of President Barack Obama's recommendations, carving out exceptions to some of its toughest provisions. The burden now shifts to the Senate, which is not expected to act on its version of a regulatory overhaul until early next year.
The more
you look into H.R. 4173, the more you see it's not just a slam in the face of Ron Paul and his Audit the Fed bill, not just a bill that gives the Fed even more power, but also a Big Pharma bill as Henry Waxman slips in an anti-supplement measure to help Big Pharma keep vitamin supplement companies at bay.
See story: Waxman Slips Obscure Anti-Supplement Measure into Wall St. “Reform” Bill Passed by the House
"The Senate is expected to vote on its finance “reform” bill as early as this weekend. We need your help to ensure that it is not amended to include a similar provision going far beyond finance that could be used against supplements. Please take action now. TAKE ACTION"
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You would ground your
child for at least a week if she tried something like that. Or someone you work with slipped something into a contract at the last minute; they would have huge reputation damage at the very least.
So strange to us uneducated
a 55 gallon drum of cyanide
With a teaspoon of milk.
Goodbye, Goldman Sachs!
The sprawling legislation would give the government new powers to break up companies that threaten the economy...
They "threaten the economy" by taking too much tax money and being fascist overlords.
never happen.. goldman owns
never happen.. goldman owns the government.. all their recycled stooges are in government positions.. what his does is eliminate goldmans competitors..
“Defiance of God’s Law will eventually bring havoc to a society.” - Dr. Ron Paul
Oh, I know-
I was kidding!
Hey my Congressman voted for the audit the fed bill
The only way he would support this thing apparently is if it gave more power to the Fed. Absolute slime ball!
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Basically making Dr. Paul cut off his own arm...
...to save his life.
WHY could not his bill to audit the Fed be seperate from this commie bill which they KNEW he would NEVER VOTE FOR???
It's very dirty politics.
"We have allowed our nation to be over-taxed, over-regulated, and overrun by bureaucrats. The founders would be ashamed of us for what we are putting up with."
-Ron Paul
Yeah I thought he was going
Yeah I thought he was going to press for a standalone amendment. I'm wondering what happened to that.
stand alone
dr paul addressed that in an interview. don't have the link, but he basically said that the way it works in washington is that if congress sees a really popular bill they combine it with other things so the other things get passed too.
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I thought he'd said keeping
I thought he'd said keeping his bill from being attached to bad legislation was the hard part and where he was going to have to fight the hardest. Then there was a little talk about a standalone amendment. With so many cosponsors, it seems he had a good shot at winning a standalone amendment.
And that is an immoral way to do business in Washington.
These bills are individually introduced and that is how they should be voted on.
It's dirty politics.
Only a very principled member of congress like Dr. Paul would not vote on the overall bill - which included his own bill which he has worked on so hard for so long.
A weaker politician would have voted for the total package just to get their own portion passed.
And that is why it is designed that way.
Our founders would be upset with this travesty of our present day government.
"We have allowed our nation to be over-taxed, over-regulated, and overrun by bureaucrats. The founders would be ashamed of us for what we are putting up with."
-Ron Paul
DownsizeDC.com's one issue at a time act would fix that!
________________________________________
Those who expect to reap the blessings of freedom, must, like men, undergo the fatigue of supporting it. ~Thomas Paine
________________________________________
Those who expect to reap the blessings of freedom, must, like men, undergo the fatigue of supporting it. ~Thomas Paine
I would like to point out to you Glenn Beck fans
That your ole buddy mentioned the audit the fed bill for the very first time, THIS WEEK.
Yep. Wait till it's in the big gov bill to support it or even acknowledge its existence. But he's ok. He's waking people up. If he has kids and is in charge of waking them up, they don't get to school until after lunch.
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Please explain to me what this means.
I don't get it. So Ron Paul's audit the fed bill was inside this bill? And this is really a Grayson hammer to crush companies that will grow to be a legal Sledge hammer?
What? I really do not get the implications ....
Please explain ....anyone?
Thanks,
In peace & liberty,
Treg
IF
Ron Paul's bill is in the final version of this bill, then the FED will be audited. The best description I've read is "it's like a gold coin in a toilet full of @#$%"
Oh, so well said!
Pawnstorm
"We have allowed our nation to be over-taxed, over-regulated, and overrun by bureaucrats. The founders would be ashamed of us for what we are putting up with."
-Ron Paul
lol
right on
"Every advance first comes into being as the luxury of a few rich people, only to become, after a time, the indispensable necessity taken for granted by everyone." Mises
All the House members who
All the House members who think The Fed should be audited but also think it should be given dictatorial powers over the economy. Alan Grayson who knows exactly how evil they are yet wants to make them a czar. It must be a sick joke.
Because
Alan Grayson is a commie. You're right, Grayson knows how evil they are and some on this forum gave money to Grayson because he supported Ron Paul's bill and now Grayson wants a "czar" a Communist word see Wikipedia
Originally, the title Czar (derived from Caesar) meant Emperor in the European medieval sense of the term, that is, a ruler who claims the same rank as a Roman emperor, with the approval of another emperor or a supreme ecclesiastical official (the Pope or the Ecumenical Patriarch).
Occasionally, the word could be used to designate other, non-Christian, supreme rulers. In Russia and Bulgaria the imperial connotations of the term were blurred with time and, by the 19th century, it had come to be viewed as an equivalent of King.
It's not coincidental the establishment is changing our vocabulary to dictator terms.
Which means - anyone in America with the title CZAR should be tried for treason.
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Don't forget the German
Don't forget the German "Kieser"
I think you meant ...
Kaiser. You are both correct that Czar (and Kaiser) stem from Caesar. Definitely an un-American term and grossly inappropriate for any official in a republic!
Republicans now know whose lead to follow-
Ron Paul's.
But really I think most Congress members are idiots who don't even understand what they are doing, what they are signing, or what will happen because of it.
Good quote:
""This house has been on a spending spree, a bailout spree and a regulatory spree that I could never have imagined in any of my prior 18 years here in Congress," Republican Leader John Boehner of Ohio said.
Next step
This is a terribly disappointing, but not surprising development. My first reaction was to be incredibly thankful that the President doesn't have the line item veto, but I agree with the other posts that the version of the bill that makes it to Obama will probably already have the Audit of the Fed stripped out of it. I am now hoping beyond all hope that the Senate does the right thing, by killing the bill altogether or at least keeping the Audit of the Fed in it. Hopefully we can ramp up pressure on our Senators to Kill the Bill and Audit the Fed!
A government big enough to provide you with everything you need is powerful enough to take everything away (from you).
Huge victory for Alan Grayson
Alan Grayson voted YES
http://blogs.cqpolitics.com/eyeon2010/2009/12/analyzing-the-...
AP says:
The sprawling legislation would give the government new powers to break up companies that threaten the economy, create a new agency to oversee consumer banking transactions and shine a light into shadow financial markets that have escaped the oversight of regulators.
Imagine if RP had introduced H.R. 1207 as sprawling legislation that would give the government new powers to break up companies that threaten the economy, create a new agency to oversee consumer banking transactions, and shine a light into shadow financial markets that have escaped the oversight of regulators.?
The truth is, the legislation ATTACHED to H.R. 1207 is what makes it sprawling legislation that would give the government new powers to break up companies that threaten the economy, create a new agency to oversee consumer banking transactions and shine a light into shadow financial markets that have escaped the oversight of regulators.
Amazing how RP's orgininal resolution became an Obama victory with the attachment, and Alan Grayson is making news bashing Cheney, not celebrating H.R. 1207?
WE ARE GOING TO WIN!
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I'm not surprised Grayson voted "Yes"
I don't like that guy.
Barney Frank was on CNBC Today
He said he didn't support 1207 (no surprise) and did not expect it to make it into the final version of the bill that goes before the President. Maria Bartiromo was agreeing with him. Then her co-anchor, or one of the guests they had on, repeated the "Bernanke for Time man of the year" nonsense all the Fed apologists have been spewing lately. I wanted to punch the TV.
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HR1207 needs to be introduced again.
It's very clear that Barney Frank, Mel Watt, and the rest of the bank-owned reps have no intention of letting this go through. They'll cut it out in the conference committee.
-jcr
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Bittersweet Bump
________________________________________
Those who expect to reap the blessings of freedom, must, like men, undergo the fatigue of supporting it. ~Thomas Paine
________________________________________
Those who expect to reap the blessings of freedom, must, like men, undergo the fatigue of supporting it. ~Thomas Paine
Mine voted Nay - Democrat
Ann Kirkpatrick voted Nay. Good for her. She supported HR 1207 but voted No on this. I am pleased considering she is a Dem.
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