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The End of the American Century?


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The Gramm–Leach–Bliley Act (GLB), also known as the Financial Services Modernization Act of 1999 which repealed the banking restrictions imposed by the Glass-Steagall Act of 1933 was signed into law by President Bill Clinton. The law, however, was clearly the handiwork of the Republican dominated House and Senate.

 

Respective versions of the legislation were introduced in the U.S. Senate by Phil Gramm (Republican of Texas) and in the U.S. House of Representatives by Jim Leach (R-Iowa). The third lawmaker associated with the bill was Rep. Thomas J. Bliley, Jr. (R-Virginia), Chairman of the House Commerce Committee from 1995 to 2001. During debate in the House of Representatives, Rep. John Dingell (Democrat of Michigan) argued that the bill would result in banks becoming "too big to fail." Dingell further argued that this would necessarily result in a bailout by the Federal Government.

The House passed its version of the Financial Services Act of 1999 on July 1, 1999, by a bipartisan vote of 343-86 (Republicans 205–16; Democrats 138–69; Independent 0–1), two months after the Senate had already passed its version of the bill on May 6 by a much-narrower 54–44 vote along basically-partisan lines (53 Republicans and 1 Democrat in favor; 44 Democrats opposed).

 

**Sotto-copied from internet sources

Is it possible that commercial banks lobbied these republican politicians into enacting the 1999 law which repealed the 1933 Glass-Steagall Act? And isn't lobbying just a eumphemism for bribery?

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  • 2 weeks later...

in the continuing effort to eliminate gender bias, the governor of washington state recently signed a legislation replacing terms like fireman to firefighter, ombudsman to ombud, journeyman to journey level, freshman to first-year student, policeman to police, penmanship to signature and fisherman to fisher.

 

some of these are in the popular culture already. will the others be used? i don't know because wonder womyn is unavailable to give an opinion.

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in the continuing effort to eliminate gender bias, the governor of washington state recently signed a legislation replacing terms like fireman to firefighter, ombudsman to ombud, journeyman to journey level, freshman to first-year student, policeman to police, penmanship to signature and fisherman to fisher.

 

some of these are in the popular culture already. will the others be used? i don't know because wonder womyn is unavailable to give an opinion.

:lol: Yeah before you know it, all these politically correct terms will end up in the latest dictionaries and English will never be the same. Well American English at least. I'll need to go back to school just to update my English vocabulary.

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titan tires ceo maurice taylor wrote of french work habits, " i have visited the factory a couple of times. the french workforce gets paid high wages but works only three hours. they get one hour for breaks and lunch, talk for three and work for three. i told this to the french union workers in their faces. they told me it's the french way!"

 

reminds me of the work habits of a very cool guy.

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lol!

 

 

anyway...

 

while people struggle in other parts of America, broke California wants to pay for illegal immigrants' college tuition.

that state is out of control.

 

the california assembly wants to allow non-US citizens to participate in jury duties with certain conditions.

 

a county council wants to give 'civil rights' to homeless people (actually allowing them access to bathrooms in any establishment, less restriction on panhandling and vagrancy laws, etc.).

 

that same council made a very scary proposal. all bathrooms in public schools will be accessible to school children of any gender as long as a boy/girl feels or thinks he/she is a girl/boy, he/she can use the girls/boys bathroom. something to do with gender identity. i forgot what they call this bill. if this becomes a law, they will endanger the lives of girls. the website Gender Insanity.com opposes this bill.

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that state is out of control.

 

the california assembly wants to allow non-US citizens to participate in jury duties with certain conditions.

 

a county council wants to give 'civil rights' to homeless people (actually allowing them access to bathrooms in any establishment, less restriction on panhandling and vagrancy laws, etc.).

 

that same council made a very scary proposal. all bathrooms in public schools will be accessible to school children of any gender as long as a boy/girl feels or thinks he/she is a girl/boy, he/she can use the girls/boys bathroom. something to do with gender identity. i forgot what they call this bill. if this becomes a law, they will endanger the lives of girls. the website Gender Insanity.com opposes this bill.

Liberalist views gone totally insane....

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Seems Republicans and Democrats can't seem to agree on a number of issues. Democrats are liberal leanng favor abortion and the liberal use of contraceptives even among teenagers. Republicans are conservative and are pro-life. Democrats are mostly pro-gun control. Republicans are generally anti-gun control. Democrats favor an egalitarian society. No rich, no poor people making them leftist in their views. Republicans favor entreprenurship, Hard work and getting rewarded according to the amount of work put in.

 

Republicans are pro-big business, Democrats favor increased government control and intervention in big business. The conservatives favor immigration control while the liberals bend backwards towards illegal aliens.

 

These two parties cannot seem to agree much regarding social, economic, religous/moral, and political issues.

 

Which is why I favor Independents. Those who can merge the good points of the Democrats and the good points of Republicans. Unfortunately, history has shown that it's always a Republican or a Democrat who is elected President of the United States. There hasn't yet been an Independent who's won an American presidential election.

 

 

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Seems Republicans and Democrats can't seem to agree on a number of issues. Democrats are liberal leanng favor abortion and the liberal use of contraceptives even among teenagers. Republicans are conservative and are pro-life. Democrats are mostly pro-gun control. Republicans are generally anti-gun control. Democrats favor an egalitarian society. No rich, no poor people making them leftist in their views. Republicans favor entreprenurship, Hard work and getting rewarded according to the amount of work put in.

 

Republicans are pro-big business, Democrats favor increased government control and intervention in big business. The conservatives favor immigration control while the liberals bend backwards towards illegal aliens.

 

These two parties cannot seem to agree much regarding social, economic, religous/moral, and political issues.

 

Which is why I favor Independents. Those who can merge the good points of the Democrats and the good points of Republicans. Unfortunately, history has shown that it's always a Republican or a Democrat who is elected President of the United States. There hasn't yet been an Independent who's won an American presidential election.

The counterpart of democrats in the Philippines are the politicians who coddle squatters. Yet, over here, the reason for this is more about selfish interests: Squatter votes.

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Seems Republicans and Democrats can't seem to agree on a number of issues. Democrats are liberal leanng favor abortion and the liberal use of contraceptives even among teenagers. Republicans are conservative and are pro-life. Democrats are mostly pro-gun control. Republicans are generally anti-gun control. Democrats favor an egalitarian society. No rich, no poor people making them leftist in their views. Republicans favor entreprenurship, Hard work and getting rewarded according to the amount of work put in.

 

Republicans are pro-big business, Democrats favor increased government control and intervention in big business. The conservatives favor immigration control while the liberals bend backwards towards illegal aliens.

 

These two parties cannot seem to agree much regarding social, economic, religous/moral, and political issues.

 

Which is why I favor Independents. Those who can merge the good points of the Democrats and the good points of Republicans. Unfortunately, history has shown that it's always a Republican or a Democrat who is elected President of the United States. There hasn't yet been an Independent who's won an American presidential election.

 

 

the conservatives backed off on creating a new party after the 2008 elections.

 

building the infrastructure from precincts to counties to states will take huge amounts of capital and manpower. registering for candidacy from state to state is also different. in 2011, rick perry, newt gingrich, rick santorum and michelle bachman failed to qualify in the virginia primary ballot.

 

obama spent 750 million versus john mc cain's 300 million in 2008. last year, mitt romney spent 1.02 billion versus 960 million for obama. these figures include funds raised by political action committees and independent fund raisers and bundlers.

 

independents like the libertarian, constitution and green parties will never raise these kind of campaign capital for a serious presidential run.

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the conservatives backed off on creating a new party after the 2008 elections.

 

building the infrastructure from precincts to counties to states will take huge amounts of capital and manpower. registering for candidacy from state to state is also different. in 2011, rick perry, newt gingrich, rick santorum and michelle bachman failed to qualify in the virginia primary ballot.

 

obama spent 750 million versus john mc cain's 300 million in 2008. last year, mitt romney spent 1.02 billion versus 960 million for obama. these figures include funds raised by political action committees and independent fund raisers and bundlers.

 

independents like the libertarian, constitution and green parties will never raise these kind of campaign capital for a serious presidential run.

So aside from political platforms, as in all elections, huge campaign budgets are needed to get a presidentiable into the White House.

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So aside from political platforms, as in all elections, huge campaign budgets are needed to get a presidentiable into the White House.

i observed the presidential candidates spend on the following:

 

a big campaign headquarters in the d.c. area and another in their home state.

 

charter a jet for the general election for easier state to state travel. once in a state, they rent SUV's to take the candidate/s and staff to all political rallies, trailer trucks for transporting stage equipment plus hotel accommodations.

 

hiring advisers, operatives, pollsters, web savvy people, electricians, carpenters, caterers and a media bureau to create your positive ads, attack ads and press releases.

 

buying expensive t.v. ads and radio spots in the swing states.

 

election lawyers and campaign personnel to gather signatures then register the candidates on all states. poll watchers will be added on election day.

 

a billion dollars to have a shot at the oval office.

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i observed the presidential candidates spend on the following:

 

a big campaign headquarters in the d.c. area and another in their home state.

 

charter a jet for the general election for easier state to state travel. once in a state, they rent SUV's to take the candidate/s and staff to all political rallies, trailer trucks for transporting stage equipment plus hotel accommodations.

 

hiring advisers, operatives, pollsters, web savvy people, electricians, carpenters, caterers and a media bureau to create your positive ads, attack ads and press releases.

 

buying expensive t.v. ads and radio spots in the swing states.

 

election lawyers and campaign personnel to gather signatures then register the candidates on all states. poll watchers will be added on election day.

 

a billion dollars to have a shot at the oval office.

That's a really huge sum. But unlike here where kingmakers can directly affect the outcome of an election through huge donations, in the US, all donations must be declared by law. Perhaps a similar law should be enacted here. Problem is we need these legislators to enact such a law. Unfortunately there's a clear case of conflict of interest when we expect legislators to enact a law that would make re-election more difficult.

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That's a really huge sum. But unlike here where kingmakers can directly affect the outcome of an election through huge donations, in the US, all donations must be declared by law. Perhaps a similar law should be enacted here. Problem is we need these legislators to enact such a law. Unfortunately there's a clear case of conflict of interest when we expect legislators to enact a law that would make re-election more difficult.

best way to cheat is with online donations. the federal election commission is not strict with e-verify. it's illegal to receive foreign funding but a determined campaign can exploit certain loopholes. i'm not bashing obama but in 2008, he had online donors named donald duck, michael jordan and numerous dummy accounts. the website townhall.com reported it. the FEC let it go because they know they're asking for trouble. tangling with powerful people is not in their best interest. i'm sure the republicans have some dirty tricks of their own.

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best way to cheat is with online donations. the federal election commission is not strict with e-verify. it's illegal to receive foreign funding but a determined campaign can exploit certain loopholes. i'm not bashing obama but in 2008, he had online donors named donald duck, michael jordan and numerous dummy accounts. the website townhall.com reported it. the FEC let it go because they know they're asking for trouble. tangling with powerful people is not in their best interest. i'm sure the republicans have some dirty tricks of their own.

I recall there was this Filipino who was imprisoned for illegal campaing contributions as well as for tax evasion. I can't remember his name but I think he was a close associate of Erap.

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