patsfan13

Well there are many more dems in both the Senate and the house the pubbies aren't in a position to stop much of anything. This penalizing companies for 'outsourcing is exactly the type of legislation that is hostile to business that causes people to not want to d business here. It wouldn't work anyway.

To give an example, the idiots in congress (bipartisan morons in this case) decide to get rid of incandescent light bulbs. J Immelman CEO of GE (and Obama economic advisor) shuts down GE lightbulb factories (plural) and is manufacturing CFL bulbs in China, see nothing was outsource, Incandescents were outlawed by congress, CFL were never made here. GE get to sell much more expensive CFL's (which have to be disposed of as hazardous waste) using cheap labor avoid all the government mandates and thousands of Americans lose their jobs.

Thanks US Government.

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"Some guys play in all-star games, some guys don't. I don't know who picks all those all-star teams. In all honesty, I don't know who picks the combine, for that matter," Belichick said. "How does (Miami-Ohio offensive lineman Brandon) Brooks not get invited to the combine? How did Vollmer not get invited to the combine? I don't know. We can't really worry about that. We just have to try to evaluate them the best we can."

reflexblue

All it takes is ONE member of congress to hold something up. It now takes a super majority of 60 to pass anything thanks to the pubbies. I have no love for obama pelosie reed etc. but i know whos doing what and people like Demint,McConnel and bonner are holding everything up. You can try and pedal your spiel to the average American and they'd prolly believe it, but i spend to much time watching whats going on.

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S.H.E.S.
I Likes Spikes.

patsfan13

Holding up bad policies is a good thing. America doesn't like what is happening due to bad policies this will become clear on Nov 2.


What has the government done to make it easy for business to be successful and create jobs? From you close watching of the situation?

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"Some guys play in all-star games, some guys don't. I don't know who picks all those all-star teams. In all honesty, I don't know who picks the combine, for that matter," Belichick said. "How does (Miami-Ohio offensive lineman Brandon) Brooks not get invited to the combine? How did Vollmer not get invited to the combine? I don't know. We can't really worry about that. We just have to try to evaluate them the best we can."

sdaniels7114

You mean like the emergency relief money for Haiti? 900 million promised and one ahole Republican's got it delayed.

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Give a man a gun and he can rob a bank, give a man a bank and he can rob everyone.

Titus Pullo

Please. ... SOX changed nothing, because nothing was ever enforced... It was a still a Bushie appointed SEC. Look at what Lehman Bros. and Goldman Sachs got away with.

It's a corrupt corporate model from top to bottom. SarBox was mere window dressing.

Until government oversight officials are threatened with jail time for taking bribes, nothing will ever be enforced, regardless of the ruse technocrats try and pass off to the American people in the mirage of "oversight legislation."

The Brandon Five

It would be news to the thousands of "Sox" compliance officers, accountants and auditors working in every public corporation that the law is not in effect.

FEI Survey: Average 2007 SOX Compliance Cost $1.7 Million - Apr 30, 2008

In the months before the financial meltdown, I was reading articles about Sox raising the cost of doing business in the U.S. to such a degree that it was no longer the best financial market.

http://www.newyorkfed.org/research/c...ues/ci13-6.pdf

NYC Fights To Stay World Financial Capital - CBS News

The problem with trying to regulate hedge funds or other financial institutions is that they are like hackers: they are always one step ahead.

What deregulation lead to the creation of asset-backed securities? If anything, the rules were made more stringent in 2005 when the SEC created Regulation AB. This was an attempt to account for this new type of security. They were playing catch-up because vehicles like that did not exist at the time that most securities laws were enacted.

Understanding Regulation AB: PricewaterhouseCoopers

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