Jamesb101.com

commentary on Politics and a little bit of everything else

President Obama could get The Wall Street Financial Reform Bill on his desk by the end of the week…..

While there is still a little back and forth on the fine points….

The Senate is just about finished with the BIll…..

The whole thing has been propelled along by the almost daily stories of shady dealing in the public eye….carried by the media…..

Both parties find it in their interest to be the good guy against Wall Street……

Passage of a 1,400-page bill to overhaul the nation’s financial regulations would come just two months after Obama signed a landmark health-care overhaul. But in the case of financial regulation, much more so than with health care, the Senate bill largely reflects the administration’s initial blueprint, despite the fervent efforts of lobbyists and lawmakers of all stripes to alter it.

Democratic leaders and administration officials have been careful not to boast about their success in keeping the legislation mostly intact, with some provisions growing even tougher during the Senate debate.

“I’m hesitant to talk about it being done, because it’s not,”Sen. Christopher J. Dodd (D-Conn.), who has shepherded the bill through the Senate, said in an interview from Connecticut over the weekend. But, he allowed, “we are on the cusp of doing something pretty significant.”

Republicans acknowledge that passage seems certain and that a handful of GOP members likely will join Democrats, which would surpass the 60-vote threshold needed to overcome a filibuster.

From the administration’s viewpoint, “this bill has got to be an out-of-the-park home run,” said Sen. Bob Corker (R-Tenn.), who had negotiated with Dodd but doesn’t support the current Senate bill, saying it unnecessarily expands government power and does not address the core causes of the crisis. “I realize this bill is going to pass. Just policy-wise, it ended up in a different place than I had hoped.”

The bill would, among other things, create an independent consumer watchdog aimed at protecting borrowers from lending abuses, establish oversight of the vast derivatives market and enable the government to wind down large, failing firms……

More……..

May 17, 2010 Posted by | Breaking News, Government, Law, Media, Men, PoliticalDog Calls, Politics, The Economy, Updates | , , | 7 Comments

What has President Obama done in his first year?…..Plenty…..

In this piece on President Obama’s first year, by Jacob Weisberg, he is measured largely in the expected passage of a Healthcare bill….but I will also add another thing…..This country may still have high unemployment…..but, the economy is on the mend….the piece give a thumbs up to the Stimulus package that the White House got passed….and President Obama gets props on that also…Finally, while the foreign affairs thing has consisted of mostly apologizes……there have been not demonstrations against the policies of the american government for almost a year…something impossible under the previous administration…..

Not bad for a rookie….Not bad…..

 

November 29, 2009 Posted by | Government, Healthcare, Media, Military, Politics | , , , , , | 14 Comments

The Senate Finance Committee version of the The Healthcare Bill gets the CBO blessing, and we’re off to the races!

Today was a good day for the Democrats in Congress, and the White House. The chance for early passage of a Healthcare bill has measurably improved……..

Today the Congressional Budget Office pointed out that the bill, as it stands, will cost less than $900 Billion, it would extend coverage from the 83% of Americans, to 94%, it would keep the Presidents pledge of no increase in the budget, in fact, it would save money in the bottom line, by tens of billions of dollars …..

In addition, the White House has invited House Republican’s in to confer on the bill, along with Aftghlnisan………

The Republicans, who have fought the administration every step of the way, now find themselves forced to play ball, realizing that several of it’s members are probably going to get sweetened offers for votes,  just like what happened a few months ago, when the White House got the Stimulus BIll pasted…..

I have said here several times ….The bill will be pasted with bipartisan support..

Anything else would be bad politics……

October 7, 2009 Posted by | Other Things | , , , , , , , | Leave a comment

The Senate Finance Committee version of the The Healthcare Bill gets the CBO blessing, and we're off to the races!

Today was a good day for the Democrats in Congress, and the White House. The chance for early passage of a Healthcare bill has measurably improved……..

Today the Congressional Budget Office pointed out that the bill, as it stands, will cost less than $900 Billion, it would extend coverage from the 83% of Americans, to 94%, it would keep the Presidents pledge of no increase in the budget, in fact, it would save money in the bottom line, by tens of billions of dollars …..

In addition, the White House has invited House Republican’s in to confer on the bill, along with Aftghlnisan………

The Republicans, who have fought the administration every step of the way, now find themselves forced to play ball, realizing that several of it’s members are probably going to get sweetened offers for votes,  just like what happened a few months ago, when the White House got the Stimulus BIll pasted…..

I have said here several times ….The bill will be pasted with bipartisan support..

Anything else would be bad politics……

October 7, 2009 Posted by | Other Things | , , , , , , , | Leave a comment