Charlie Rose Financial Bill by Barney Frank Marvelous Explanation Financial Bill

Tags: Financial Bill Barney Frank, Henry Paulson, Ron Paul, Greenspan, Coburn, Republicans Want Worse Economy

http://www.charlierose.com/ Barney Frank July 16, 2010

For the first time in a long time Barney Frank looks rested. He gave the best explanation of the Financial Reform Bill bar none, and he applauds the media for presenting the facts on this bill. Without the public speaking up, the bill became must stronger with time, just the opposite of what usually happens with at least four times more lobbyists than House members.

Frank gave high praise to Secretary Henry Paulson for his efforts but I did not know that the Republicans prevented Paulson from saving Lehman Brothers which could have prevented the panic which froze money market funds. In 2007 Frank tried to get Greenspan to regulate the crooked Housing loans but he refused. Greenspan will be remembered as the worst Federal Reserves Chairman in modern times.

Frank said logically that the Republicans want the economy to get worse by not providing more help to the States and extending unemployment always boosts the local economy because they have to spend the money.

I can write all the things Frank said but I doubt that I can do better than him on Charlie Rose. This bill shows that if the public is active, the bills will get better. Only more politically balanced states gave us three Republicans from Maine and Massachusetts to make 60 votes. All the rest of the Republicans from the South, Midwest, and California voted against the bill even though their people are suffering the most!

Shows that ideology and radical religions have people thinking like Stepford Wives so much that they cannot think clearly about policies that help their own economic survival.

Even conservative economists say passing unemployment bill now will help the economy and psychology of Americans and with a good economy more tax revenues will soon make up the cost. Coburn (R-OK) is using the Senate rule that one senator can stop a vote on a bill. This rule must and will be excised if Democrats maintain control of the Senate and I believe the Democrats will not lose the majority in the House if Americans have any semblance of common sense.

Jim Kawakami, July 17, 2010, http://jimboguy.blogspot.com

Coburn Throws Roommate Heath Shuler Under The Bus To Attack Unemployment Benefits

Senate Republicans have been preventing a final vote on a measure to extend unemployment benefits to more than 3 million Americans because of the $33 billion cost. Sen. Tom Coburn (R-OK) has been on the front lines of the unemployment benefits battle all year.

This week on C-Span, Coburn argued that he’s not against extending the benefits, he just wants the cost to the government to be offset. (He has no such concerns when it comes to extending the Bush tax cuts, however.) “We’re just saying, it’s important now…that if we’re going to do that that we pay for it.” But then Coburn suggested that people don’t even need the benefits anyway, citing a conversation he had with his roommate, Rep. Heath Shuler (D-NC):

COBURN: I live with Congressman Heath Shuler. He told me yesterday that a job fair in North Carolina…had over 500 jobs available. Three people showed up. Three people showed up for 500 jobs in an area of unemployment of 10 percent. And his explanation was, “They’re not going do it until the benefits lessen.” And that may not be an exact interpretation of what his words were but the fact is there is a negative aspect to continuing unemployment.

Watch it: http://thinkprogress.org/2010/07/17/coburn-shuler-unemployment/

Did only three people show up to a job fair that had 500 jobs available? As Crooks and Liars noted, this seems highly unlikely. ThinkProgress spoke with a knowledgeable source who helped organize the jobs event with Shuler. The source told us that it was actually a “work force training” and that there were “some jobs available,” but not 500 as Coburn had claimed.

And did Shuler really suggest that Americans on unemployment benefits won’t look for a job until their “benefits lessen?” That statement “is not consistent with what [Shuler's] position has been” on unemployment benefits, said the source, who called Coburn’s comment “insulting” because he made Shuler’s constituents “out to look like a bunch of deadbeats.”

Asked for his views on extending unemployment insurance, Rep. Shuler provided ThinkProgress with the following statement:

While it needs to be done in a fiscally responsible manner, I think it is our responsibility to provide unemployment benefits for those who lose work through no fault of their own. I’m holding a variety of events in my district to create a job-friendly environment and to connect my hardworking constituents with job opportunities.

Indeed, according to the source, the congressman has had other job events in his district that were “phenomenally attended.”

61 Responses to “Coburn Throws Roommate Heath Shuler Under The Bus To Attack Unemployment Benefits”

1. Buckie Boy (New Improved Troll Ignore) says:
   Dear Republican As$holes
   I have been out of work for the first time in 40 years, it has been 7 months. There are NO JOBS for someone over 50, at 57 I will not be able to find a job.
   I am not a deadbeat, I am retraining myself to use Adobe Production Premiem so I can make my own business.
   I lost my home because of this recession that BUSH and REPUBLICAN POLICES caused.
   I moved into my rental (a much smaller house but affordable), and without Unemployement I would have lost that one also.
   So I leave you conservative America haters with two words.
   FCUK YOU
   July 17th, 2010 at 12:12 pm

Don't Miss Tonight PBS Frontline: Fight the Big Boys on Wall Street at www.BanksterUSA.org

http://www.pbs.org/wgbh/pages/frontline/warning/

Brooks Born, head of the Chicago Futures Exchange warned us that these new derivatives are very dangerous for our financial system. She was removed! Shows clearly how ideology trumps clear thinking and analysis. Greenspan's Ayn Rand "Atlas Shrugged" mind was the leader of the financial meltdown and both Rubin (Goldman Sachs) and Larry Summers (Sec of Treasury) who are brilliant followed him. It shows clearly that very smart people such as McNamara can make horrendous errors in logic based on selecting information that sports their beliefs and rejecting all other good information and analysis. The Current Republican Party members and leaders are superb examples.

A friend recommended the book "Republican Gomorrah," authored by Max Blumenthal who did extensive research how our current radical Republican Party developed. Believe it or not it started in Geneva, Switzerland and was largely based on the New Christianity developed in the 19th century to justify Greed and accumulation of large amounts of wealth. Instead of the New Testament, it selected one of the many versions depicted in the Old Testament. Most Jewish Rabbis in Israel who are almost unanimously skeptical of the contradictory stories in the Old Testament consider they myths, but do realize that it still provides valuable lessons on how to lead our lives. Note which passages radical Republicans favor verses the rest of Americans.

Instead of being amusing as my friend found the book, I found the information horrifying. I read only four chapters so far, but I found the book is well written, very revealing, and easy to read. It shows how they were funded and how the Christian Evangelical movement developed. Falwell based his church on racism and was reluctant to take up abortion pushed by the radical Catholics such as the Justice Scalia type and now essentially dominating the Supreme Court including Chief Justice Roberts and Justice Alito. But what I found interesting is that the major tenets of the Christian Evangelical movement was largely conceived by Francis Schaeffer and Rushdoony from Geneva. Schaeffer later in his life largely condemned most of the leaders of the Christian Right as either stupid or wrong headed.

But what launched the abortion movement was the decision by the Supreme Court to make abortion legal. Although Schaeffer was considered liberal about homosexuals and his hippie like complex in Geneva attracted some more liberal celebrities such as Bono. But when abortion which he did not comment much on in the past became legal something in his brain went Kaboom! He went crazy. Most of the Christian Right think of Schaeffer's book and writings as the Bible and even attracted Doctor killers we are well acquainted with now.

What was most revealing about the leaders of the Christian Evangelical movement is that many including the major initial funders who inherited their money had been diagnosed Schizophrenic and spent time in the Mental Hospitals. Many of the founders of new religions as we all have seen in modern times have been a little on the crazy side. Brain studies have shown that the control of behavior by many who founded religions had parietal epilepsy or a head injury which results in a loss of pre-frontal cortical judgement to go out the window. That is why the radical Evangelicals commit fraud, adultery, and even murder in much higher numbers than the Northeast Liberals.

This loss of control is well illustrated by what happened to a supervisor in the railroad building across the US in the 19th century. An explosion put a spike through the pre-frontal cortex of his brain, but he survived. He lost all forms of control and started swearing a lot, stealing money, could not control his temper, and committed adultery, a complete change of character. Research done at the University of Pennsylvania and the University of California at San Diego confirmed what happens when pre-frontal cortical control is lost due to parietal epilepsy or injury.

Many who established new religions such as Smith and many others were strongly suspected of either head injuries or parietal epilepsy according to their behavior recorded in historical accounts. At the University of California, San Diego, a patient with Parietal Epilepsy which he gets in 8 hour stretches believed he was God or was speaking to God depending on the day.

Most people who are religious at least one time in their life are not in this category including myself. It is a comfort and provides the glue to keep people from acting only on instinct and function more as a community than a selfish loner which seems to thrive in our current society where real friends seem to be very scarce.

Jim Kawakami, October 20, 2009, http://jimboguy.blogspot.com

... Greenspan, Rubin and Summers ultimately prevailed on Congress to stop Born and limit future regulation of derivatives. "Born faced a formidable struggle pushing for regulation at a time when the stock market was booming," Kirk says. "Alan Greenspan was the maestro, and both parties in Washington were united in a belief that the markets would take care of themselves."

Now, with many of the same men who shut down Born in key positions in the Obama administration, The Warning reveals the complicated politics that led to this crisis and what it may say about current attempts to prevent the next one. ...

FRONTLINE INVESTIGATES THE ROOTS OF THE FINANCIAL CRISIS

FRONTLINE Presents
The Warning
Tuesday, October 20, 2009, at 9 P.M. ET on PBS

www.pbs.org/frontline/warning

"We didn't truly know the dangers of the market, because it was a dark market," says Brooksley Born, the head of an obscure federal regulatory agency -- the Commodity Futures Trading Commission (CFTC) -- who not only warned of the potential for economic meltdown in the late 1990s, but also tried to convince the country's key economic powerbrokers to take actions that could have helped avert the crisis. "They were totally opposed to it," Born says. "That puzzled me. What was it that was in this market that had to be hidden?"

In The Warning, airing Tuesday, Oct. 20, 2009, at 9 P.M. ET on PBS (check local listings), veteran FRONTLINE producer Michael Kirk (Inside the Meltdown,Breaking the Bank) unearths the hidden history of the nation's worst financial crisis since the Great Depression. At the center of it all he finds Brooksley Born, who speaks for the first time on television about her failed campaign to regulate the secretive, multitrillion-dollar derivatives market whose crash helped trigger the financial collapse in the fall of 2008.

"I didn't know Brooksley Born," says former SEC Chairman Arthur Levitt, a member of President Clinton's powerful Working Group on Financial Markets. "I was told that she was irascible, difficult, stubborn, unreasonable." Levitt explains how the other principals of the Working Group -- former Fed Chairman Alan Greenspan and former Treasury Secretary Robert Rubin -- convinced him that Born's attempt to regulate the risky derivatives market could lead to financial turmoil, a conclusion he now believes was "clearly a mistake." ...

Fight the Big Boys on Wall Street at www.BanksterUSA.org

The Banksters have pulled off the biggest heist of all time. They have crashed the global economy, throwing 7.5 million Americans out of work, emptying retirement and college funds and forcing many into hardship and homelessness. Yet they continue to be rewarded with trillions of taxpayer dollars that underwrite their Bankster bonuses, they prey upon the vulnerable with ballooning bank fees and macabre investment schemes such as "death bonds" and their taxpayer-subsidized lobbyists swarm Capitol Hill to prevent the passage of any meaningful reform of the financial system. ...