Repealed

U.S. President Barack Obama
With all the bickering going on in Washington political circles, the Democratic Party is overlooking one thing. President Obama's plummeting approval ratings and the backlash growing against Democrats, due to wild overspending, dramatically increasing the national deficit, will make it easier for Republicans to gain headway in the elections, both mid-term and Presidential.
If, due to ongoing unwise choices, Obama is a one term President, once the Republicans are in office again, they will quickly move to repeal most of what he has done as Commander-In-Chief.
However, the extension of unemployment benefits for 1.3 million people should have been passed. The Republicans in the Senate should not have blocked this. It's not funny or fair that this matter has been derailed. You bailed out the banks with taxpayer money, but didn't bail out the people. This is not a good thing.
On the other side of the aisle, it is also not amusing that wasteful projects have received billions in taxpayer money, at President Obama's direction, when they are not a priority.
The moral of this story is the Democrats and Republicans need to work together and come up with real, lasting solutions to the problems facing America or it will be a waste of everyone's time, if things start getting repealed in a few years. The will of the people is not being followed and politicians in Congress are taking the populace for granted. This is not the time for that. Actually, there is no appropriate time for that...ever.

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U.S. Unemployment Benefits Stalled

Congress
The U.S. Senate has refused to renew the unemployment benefits of 1.3 million people, which is a mistake. Taxpayers bailed out banks and other financial institutions, in addition to U.S. corporations, to the tune of billions. Now, when the taxpayers need the help, it is being denied. This is not right.
People could go lose their homes or end up homeless without the unemployment checks, they are depending on to get them through this rough time in U.S. history. This is not an area to be making cuts. Once again, the poor and middle class are being trampled in favor of the rich.
As the average American did not create the terrible financial crisis that continues to negatively impact the nation, they should not be made to pay the price for Corporate America's greed.
Side Bar: The public just may remember who voted against their unemployment benefits during mid-term elections. That's 1.3 million angry voters.
STORY SOURCE:
1.3 million unemployed won't get benefits restored
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The European Union Bails Out Greece

Hellenic Parliament in Greece (Photo credit: Michalis Famelis)
The European Union has come to the financial rescue of Greece, for fear the financial collapse of the nation, will affect other countries in the region as well. One trillion in bank loans have been guaranteed, with the proviso, Greece reforms its financial system.
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Obama Gives Wall Street A Stern Lecture

U.S. President Barack Obama gave Wall Street a stern lecture this morning, regarding corporate responsibility. America's taxpayers had to bailout Corporate America, with massive loans, when the people owed them nothing. To add insult to injury, some banks that received taxpayer bailout money are still being cruel to citizens.

Obama's Financial Regulation Speech: Recap

Apr 22 2010, 3:40 PM ET - Six bank regulation policies. Four reform themes. Three rhetorical hedges. Two "failure of responsibility" scolds. One "false choice" rejected. What do you get when you add it all up? An important, if predictable, financial regulation address...

http://www.theatlantic.com

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Obama Being Blamed For U.S. Economic Woes

U.S. President Barack Obama's popularity has taken a massive dive, as he is catching up with former President, George W. Bush, in the blame department, regarding the ongoing financial crisis rocking America.
Where Bush precipitated the problem with the terrible management of the nation's finances and massive spending, Obama has exacerbated it with unruly, socialist spending, not suited to the U.S. economy.
Some good news in the midst of troubling financial headlines: GM repaid $8 billion of the bailout money it was given, 5 years in advance. Well done to GM.
Bush still gets blame for economy, but Obama catching up

April 21, 2010, 6:07 PM EDT - Former President George W. Bush still gets most of the blame for the nation’s current economic ills, but the government’s current chief executive is catching up, according to a Gallup poll released Wednesday.

President Barack Obama takes at least a moderate amount of blame among half those surveyed by Gallup late last month, up from 32% when Gallup last asked the question in July. The survey of 1,033 adults shows that 26% think Obama should take a “great deal” of the blame while another 24% believe the current president shoulders a “moderate amount.” Fifty percent say Obama gets little or no blame...
http://blogs.marketwatch.com
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