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Biden “propagating racial viciousness”

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Guest
Artur Davis, the former four-term Democratic congressman from Alabama, said Wednesday that Vice President Joe Biden was propagating "racial viciousness" when he said Mitt Romney's regulatory policies would "put y'all back in chains." Davis, who is black, said the comment smacked of a type of divisiveness he said was all too common in the South.
http://politicalticker.blogs.cnn.com/2012/08/15/former-obama-campaign-co-chair-bidens-remarks-racial-viciousness/?hpt=hp_t2

Let the spin begin.

Guest


Guest
nochain wrote:Artur Davis, the former four-term Democratic congressman from Alabama, said Wednesday that Vice President Joe Biden was propagating "racial viciousness" when he said Mitt Romney's regulatory policies would "put y'all back in chains." Davis, who is black, said the comment smacked of a type of divisiveness he said was all too common in the South.
http://politicalticker.blogs.cnn.com/2012/08/15/former-obama-campaign-co-chair-bidens-remarks-racial-viciousness/?hpt=hp_t2

Let the spin begin.

Seated right behind Biden when the comments were made was a black gentleman and the look on his face and his lack of applause was enough to show just how wrong Biden was...Some said he was going for the crowd pleasing line...well that fell flat!...The COWH defended the comments so that would be the definition of HOPE and CHANGE in the 2012 campaign?...

Guest


Guest
[quote="newswatcher"]
nochain wrote:Artur Davis, the former four-term Democratic congressman from Alabama, said Wednesday that Vice President Joe Biden H defended the comments so that would be the definition of HOPE and CHANGE in the 2012 campaign?...

It's funny listening to the WH run their biggest spin motor trying to justify this. "What he really meant was" and getting a free pass from the majority of media. I hope Davis holds their feet to the fire, wonder where old Jesse and Al are hiding?

othershoe1030

othershoe1030
I know the GOP is thrilled that Biden made this over the top comment because it gave them something to focus public attention on instead of the real target of Biden's comment.

He was, of course, referring to Romney's love of Wall Street and Corporate interests and how Romney plans to unshackle the poor misunderstood hard working Gordon Gecko types who have recently brought ruin to us all. Let's not look at the financial sector's behavior, no, let's go over yahoo ridge with Biden's remarks.


Biden “propagating racial viciousness” Ec_12010

Lost in the coverage of the tragic murders in Aurora, Colo. was an important anniversary. Saturday, July 21 marked one year since the Wall Street Reform and Consumer Protection Act was enacted. The law may not survive to reach its second birthday.

Who could possibly want to stop Wall Street reform and consumer protection, anyway? Mitt Romney and the GOP, that's who.

Romney wants to kill the baby in its cradle before it grows strong enough to corral the gang of bankers and billionaires who crashed the economy in the fall of 2008 with their greed and arrogance. While waiting for Romney to come in and kill the reform, House Republicans have crippled the new law by refusing to approve regulations issued by the Treasury Department designed to implement the reform.

http://www.usnews.com/opinion/blogs/brad-bannon/2012/07/23/romney-gop-want-to-unleash-wall-street-arrogance-greed-again

Guest


Guest
othershoe1030 wrote:[color=blue]I know the GOP is thrilled that Biden made this over the top comment http://www.usnews.com/opinion/blogs/brad-bannon/2012/07/23/romney-gop-want-to-unleash-wall-street-arrogance-greed-again

So somehow you think the Dem side of the house doesn't like the corporate greed machine? The Dems are no different than the Repubs - they love big money and they could care less about how the game is played as long as those donations keep rolling in. Politicians are all the same.

Guest


Guest
[quote="nochain"]
newswatcher wrote:
nochain wrote:Artur Davis, the former four-term Democratic congressman from Alabama, said Wednesday that Vice President Joe Biden H defended the comments so that would be the definition of HOPE and CHANGE in the 2012 campaign?...

It's funny listening to the WH run their biggest spin motor trying to justify this. "What he really meant was" and getting a free pass from the majority of media. I hope Davis holds their feet to the fire, wonder where old Jesse and Al are hiding?
You think that Jesse...Al...and others are gonna cut off the hand that's been feeding them for decades?...

othershoe1030

othershoe1030
nochain wrote:
othershoe1030 wrote:[color=blue]I know the GOP is thrilled that Biden made this over the top comment http://www.usnews.com/opinion/blogs/brad-bannon/2012/07/23/romney-gop-want-to-unleash-wall-street-arrogance-greed-again

So somehow you think the Dem side of the house doesn't like the corporate greed machine? The Dems are no different than the Repubs - they love big money and they could care less about how the game is played as long as those donations keep rolling in. Politicians are all the same.

Wall Street reform passes Senate: 60-39 vote approves sweeping bill to overhaul financial system
BY MEENA HARTENSTEIN
DAILY NEWS STAFF WRITER
Thursday, July 15, 2010
A broad financial reform bill, designed to remedy the mistakes that led to the economic meltdown of 2008, officially passed the Senate Thursday by a vote of 60-39.

A 60-38 vote earlier in the day on Thursday allowed the bill to clear the Senate's last procedural hurdle, though support was split sharply along partisan lines.

Only three Republicans -- Susan Collins and Olympia Snowe of Maine and Scott Brown of Massachusetts -- voted with Democrats in the initial vote to end the debate, reported The Associated Press. Democrat Russ Feingold of Wisconsin, who has blasted the bill for not being strong enough, voted against it along with most Republicans.

http://articles.nydailynews.com/2010-07-15/news/27070028_1_financial-reform-final-reform-package-olympia-snowe

************


In a close vote, the House of Representatives Friday afternoon passed a financial reform bill intended to re-regulate Wall Street and increase protections for Main Street.

The bill, passed in a 223-202 vote, calls for the creation of a new federal agency dedicated to protecting consumers that would police consumer credit products like mortgages and credit cards. It also establishes new rules for the trading of derivatives and increases the transparency of the credit-rating process -- two previously under-regulated parts of the economy that played a large role in last year's economic collapse.

Not a single Republican voted for the bill. Twenty-seven Democrats broke with the rest of their party to vote against it.

The measure includes language, introduced in committee by Reps. Ron Paul (R-Texas) and Alan Grayson (D-Fla.), that would authorize an expansive audit of the Federal Reserve, a landmark achievement for critics of the central bank's secretive operations.

The bill also requires systemically important banks to pay into a fund that would be used to break them up and sell them off if they go bankrupt. Republicans bitterly and inaccurately referred to it as a "bailout fund," telegraphing a critique that will undoubtedly re-emerge during the 2010 midterm elections.

http://www.huffingtonpost.com/2009/12/11/house-passes-financial-re_n_389267.html

Granted, the law is not strong enough and has been under-funded, a favorite trick of the R's but the way the votes were cast in the House and Senate sure shows which side of the aisle Wall Street has in its pocket.

This vote showing the Republicans as being the party of the fat cats, top hat, plutocrats that they are should be posted on the front page of every paper across the country from now until election day. This is the sort of thing we need to keep front and center in the public mind and forget about dogs on top of cars or other such silliness.

Guest


Guest
[quote="othershoe1030"][quote="nochain"]
othershoe1030 wrote:I know the GOP is thrilled that Biden made this over the top comment http://now until election day. This is the sort of thing we need to keep front and center in the public mind and forget about dogs on top of cars or other such silliness.

Or it could be the Repubs didn't think the law was strong enough either. Who knows? The Congress and Senate are so dysfunctional at this point anything is possible except solutions.

NaNook

NaNook
othershoe1030 wrote:
nochain wrote:
othershoe1030 wrote:[color=blue]I know the GOP is thrilled that Biden made this over the top comment http://www.usnews.com/opinion/blogs/brad-bannon/2012/07/23/romney-gop-want-to-unleash-wall-street-arrogance-greed-again

So somehow you think the Dem side of the house doesn't like the corporate greed machine? The Dems are no different than the Repubs - they love big money and they could care less about how the game is played as long as those donations keep rolling in. Politicians are all the same.

Wall Street reform passes Senate: 60-39 vote approves sweeping bill to overhaul financial system
BY MEENA HARTENSTEIN
DAILY NEWS STAFF WRITER
Thursday, July 15, 2010
A broad financial reform bill, designed to remedy the mistakes that led to the economic meltdown of 2008, officially passed the Senate Thursday by a vote of 60-39.

A 60-38 vote earlier in the day on Thursday allowed the bill to clear the Senate's last procedural hurdle, though support was split sharply along partisan lines.

Only three Republicans -- Susan Collins and Olympia Snowe of Maine and Scott Brown of Massachusetts -- voted with Democrats in the initial vote to end the debate, reported The Associated Press. Democrat Russ Feingold of Wisconsin, who has blasted the bill for not being strong enough, voted against it along with most Republicans.

http://articles.nydailynews.com/2010-07-15/news/27070028_1_financial-reform-final-reform-package-olympia-snowe

************


In a close vote, the House of Representatives Friday afternoon passed a financial reform bill intended to re-regulate Wall Street and increase protections for Main Street.

The bill, passed in a 223-202 vote, calls for the creation of a new federal agency dedicated to protecting consumers that would police consumer credit products like mortgages and credit cards. It also establishes new rules for the trading of derivatives and increases the transparency of the credit-rating process -- two previously under-regulated parts of the economy that played a large role in last year's economic collapse.

Not a single Republican voted for the bill. Twenty-seven Democrats broke with the rest of their party to vote against it.

The measure includes language, introduced in committee by Reps. Ron Paul (R-Texas) and Alan Grayson (D-Fla.), that would authorize an expansive audit of the Federal Reserve, a landmark achievement for critics of the central bank's secretive operations.

The bill also requires systemically important banks to pay into a fund that would be used to break them up and sell them off if they go bankrupt. Republicans bitterly and inaccurately referred to it as a "bailout fund," telegraphing a critique that will undoubtedly re-emerge during the 2010 midterm elections.

http://www.huffingtonpost.com/2009/12/11/house-passes-financial-re_n_389267.html

Granted, the law is not strong enough and has been under-funded, a favorite trick of the R's but the way the votes were cast in the House and Senate sure shows which side of the aisle Wall Street has in its pocket.

This vote showing the Republicans as being the party of the fat cats, top hat, plutocrats that they are should be posted on the front page of every paper across the country from now until election day. This is the sort of thing we need to keep front and center in the public mind and forget about dogs on top of cars or other such silliness.

I'm sure you know, thanks to Joe Biden, everytime you swipe a credit card you will have added a 2-6% transaction fee. Joe Bidens house, Credit Card Laws, his son a Credit Card Lobbyist? Remember, your swipe fee is the law, be prepared...and enjoy paying more....

What about the POOR? Does a 6% swipe fee get financed at 36%APR? You Dems are screwing the poor.....it's your law....deal with it.

Markle

Markle
othershoe1030 wrote:I know the GOP is thrilled that Biden made this over the top comment because it gave them something to focus public attention on instead of the real target of Biden's comment.

He was, of course, referring to Romney's love of Wall Street and Corporate interests and how Romney plans to unshackle the poor misunderstood hard working Gordon Gecko types who have recently brought ruin to us all. Let's not look at the financial sector's behavior, no, let's go over yahoo ridge with Biden's remarks.


Biden “propagating racial viciousness” Ec_12010

Lost in the coverage of the tragic murders in Aurora, Colo. was an important anniversary. Saturday, July 21 marked one year since the Wall Street Reform and Consumer Protection Act was enacted. The law may not survive to reach its second birthday.

Who could possibly want to stop Wall Street reform and consumer protection, anyway? Mitt Romney and the GOP, that's who.

Romney wants to kill the baby in its cradle before it grows strong enough to corral the gang of bankers and billionaires who crashed the economy in the fall of 2008 with their greed and arrogance. While waiting for Romney to come in and kill the reform, House Republicans have crippled the new law by refusing to approve regulations issued by the Treasury Department designed to implement the reform.

http://www.usnews.com/opinion/blogs/brad-bannon/2012/07/23/romney-gop-want-to-unleash-wall-street-arrogance-greed-again

As for the "REAL MEANING" of Vice President Joe Biden's comments.

At last...a actual honest Liberal!

FOX News analyst Santita Jackson, daughter of Jesse Jackson. was “profoundly insulting”

“I found these remarks to be profoundly insulting. It’s one thing to become familial. It’s another thing to become familiar. And familiarity breeds contempt. And, this is very very close to being contemptuous. These remarks were insulting. Not only does he need to dial them back, he needs to apologize.”

As for your misguided comments about Wall Street.

IF your whining about Wall Street is true, WHY is our U.S. Attorney General Eric Holder refusing to prosecute ANYONE from Goldman Sachs? If you recall, Jon Corzine was the CEO of Goldman Sachs. Then with MF Global, he has LOST a couple BILLION DOLLARS and claimes he doesn't know where it went.

Did you hear that he is talking about starting a hedge fund?

Biden “propagating racial viciousness” Obama-Corzine-hands

othershoe1030

othershoe1030
NaNook wrote:

I'm sure you know, thanks to Joe Biden, everytime you swipe a credit card you will have added a 2-6% transaction fee. Joe Bidens house, Credit Card Laws, his son a Credit Card Lobbyist? Remember, your swipe fee is the law, be prepared...and enjoy paying more....

What about the POOR? Does a 6% swipe fee get financed at 36%APR? You Dems are screwing the poor.....it's your law....deal with it.
Looks like the swipe fee is rather complicated. I didn't know much about it. Here's what I did find...

The typical American probably doesn’t think much about the behind-the-scenes workings of his or her credit cards. But beneath the placid surface of swiping and signing, a ferocious legal battle has been waged for years that this week became the largest antitrust settlement in U.S. history. Since the ability to accept credit cards is useful to merchants and launching a new payment network is difficult, Visa, MasterCard, and other card-issuing banks can charge stores for access. And pay merchants do in the form of lucrative swipe fees to the credit card companies. These fees are, somewhat oddly, not only hidden from customers’ view but in a strange way not even charged to the card users whose actions incur them. The standard terms tell stores that not only must they pay extra for each credit card purchase, but they must not up-charge customers who use cards. Insofar as the card fees raise consumer prices, in other words, the pain must be spread evenly across the entire purchasing population no matter how they pay.
Why would retailers agree to this? Well, according to litigation they began pursuing in 2005, it’s because illegal collusion left them with little choice. You could simply decline to accept credit cards altogether, but attorneys representing more than 7 million retailers argued that there was no effective market competition to keep fees restrained. That led to charges of about 2 percent on average per transaction, far above the cost of providing card services and leading to collective earnings of between $40 billion and $50 billion a year on swipe fees. The trial was scheduled to begin in September, but instead banks chose to settle. In doing so they’ve agreed to pay out $6 billion in damages, reduce fees, and, perhaps most interesting, drop the rule against retailers charging swipe fee surcharges.


http://www.slate.com/articles/business/small_business/2012/07/the_credit_card_swipe_fee_settlement_won_t_be_a_boon_to_consumers_but_should_help_the_economy.html

VectorMan

VectorMan
Biden has the brains of a piss ant. This should bite him squarely in the ass!

Guest


Guest
VectorMan wrote:Biden has the brains of a piss ant. This should bite him squarely in the ass!

Resulted in a lunch at the WH....Biden actually belives he can be the nominee in '16....

VectorMan

VectorMan
newswatcher wrote:
VectorMan wrote:Biden has the brains of a piss ant. This should bite him squarely in the ass!

Resulted in a lunch at the WH....Biden actually belives he can be the nominee in '16....

LOL

NaNook

NaNook
shoe1030,

It's been news for months. My questions is: how will the fees be applied to different cards? Will a Debit Card incur a 2% charge? What type of Credit Card will incur the highest swipe fee? I can see sub-prime credit card fees being high due to default rates. How high?

Remember, it was Biden who wrote the bill while in the Senate. It was Biden who put Credit Card Debt above mortgage debt. Credit Card Debt will always follow one.

Biden has, "Put the poor in the chains of debt".

What a nice guy........ Twisted Evil

othershoe1030

othershoe1030
NaNook wrote:shoe1030,

It's been news for months. My questions is: how will the fees be applied to different cards? Will a Debit Card incur a 2% charge? What type of Credit Card will incur the highest swipe fee? I can see sub-prime credit card fees being high due to default rates. How high?

Remember, it was Biden who wrote the bill while in the Senate. It was Biden who put Credit Card Debt above mortgage debt. Credit Card Debt will always follow one.

Biden has, "Put the poor in the chains of debt".

What a nice guy........ Twisted Evil
It looks to me as if the details are still being worked out. Some banks are going to be exempt.
My advise to poor people would be they should not be using credit cards anyway unless they are the prepaid kind. It is not as if credit cards are a necessity of life, now is it?

NaNook

NaNook
othershoe1030 wrote:
NaNook wrote:shoe1030,

It's been news for months. My questions is: how will the fees be applied to different cards? Will a Debit Card incur a 2% charge? What type of Credit Card will incur the highest swipe fee? I can see sub-prime credit card fees being high due to default rates. How high?

Remember, it was Biden who wrote the bill while in the Senate. It was Biden who put Credit Card Debt above mortgage debt. Credit Card Debt will always follow one.

Biden has, "Put the poor in the chains of debt".

What a nice guy........ Twisted Evil
It looks to me as if the details are still being worked out. Some banks are going to be exempt.


My advise to poor people would be they should not be using credit cards anyway unless they are the prepaid kind. It is not as if credit cards are a necessity of life, now is it?

You should have given the same advice to the same people who bought homes they couldn't afford. Homeownership is not a necessity of life. Remember, now, thanks to Joe Biden, Credit Card Debt can't be discharged in Court. Public Housing will now be affected. More poor on the streets...I'm crying for the kids the Democrats put on the streets.

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