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OT What is "middle class"
On Wed, 14 Apr 2010 10:28:04 -0400, wrote:
On Wed, 14 Apr 2010 06:00:02 -0400, bpuharic wrote: gramm's addendum...which you refuse to admit existed...was introduced right before the bill was voted on, on 12/15. They voted on a conference report not "a bill" but I assume that is too confusing for you. Gramm was not even on the conference committee that created the conference report but I will agree he was prodding them along. The companion bill to the house bill I referenced was submitted by Lugar in the senate but it was word for word identical to H.,R.5660. They were incorporated into the conference report by reference and that is what BOTH houses voted on. That is how it works. You heard something on Olbermann and you are just not going to let it go no matter what is recorded in the Library of Congress.. I won't let facts get in the way of a good rant so carry on ... without me facts, eh? well let's look at the facts shall we? unfortunately wikipedia doesnt work for olberman so we'll just have to go with the truth. http://en.wikipedia.org/wiki/Commodi...on_Act_of_2000 When Congress returned into session for two days in mid-November, the sponsor of H.R. 4541, Representative Thomas Ewing (R-IL), described Senator Gramm as the “one man” blocking Senate passage of H.R. 4541.[60] Senator Richard G. Lugar (R-IN), the sponsor of S. 2697, was reported to be considering forcing H.R. 4541 to the Senate Floor against Senator Gramm’s objections The “compromise language” was introduced in the House on December 14, 2000, as H.R. 5660. ----------- for more analysis check: http://motherjones.com/politics/2008...rn-speculators But thanks to Phil "nation of whiners" Gramm—the former Texas senator who was until recently John McCain's top economic adviser (see "Foreclosure Phil")—futures market regulation went to hell. Under the "Enron loophole" pushed through by Gramm in 2000, energy futures were allowed to escape all federal and state regulation. Gramm embedded that loophole in a surprise 262-page rider, drafted at the behest of Wall Street and Enron, in an 11,000-page appropriations bill on a Friday evening two days after the Supreme Court handed down its Bush v. Gore ruling and as Congress was rushing home for Christmas. and: http://www.texasobserver.org/archive...and-rick-perry In the early evening of Friday, December 15, 2000, with Christmas break only hours away, the U.S. Senate rushed to pass an essential, 11,000-page government reauthorization bill. In what one legal textbook would later call “a stunning departure from normal legislative practice,â€? the Senate tacked on a complex, 262-page amendment at the urging of Texas Sen. Phil Gramm. There was little debate on the floor. According to the Congressional Record, Gramm promised that the amendment—also known as the Commodity Futures Modernization Act—along with other landmark legislation he had authored, would usher in a new era for the U.S. financial services industry. When his new party won control of the Senate, Gramm rose to chairman of the Senate Banking Committee, where he was able to put his anti-regulation views into law. The Gramm-Leach-Bliley Act of 1999 repealed laws put in place after the Great Depression setting up protective barriers between commercial banks, investment banking firms, and insurance companies. Banks had been chipping away at the barriers through Federal Reserve rules for decades. But Gramm's sweeping deregulation stripped away restraint, says Broome. |
OT What is "middle class"
On Thu, 15 Apr 2010 22:17:46 -0400, wrote:
On Thu, 15 Apr 2010 18:44:54 -0400, bpuharic wrote: On Thu, 15 Apr 2010 18:08:27 -0400, wrote: On Wed, 14 Apr 2010 18:55:29 -0400, bpuharic wrote: The “compromise language” was introduced in the House on December 14, 2000, as H.R. 5660. Now isn't that exactly what I have been saying for two weeks? Notice it is "HR" That means House of Representatives. and isn't that what i've been saying for 2 weeks? he introduced it as the senators had their hats on and were walking out the door? So you are saying the Wikipedia article you referenced is wrong. Why did you cite it? i didn't say it was wrong. you cant read. what i said was that gramm introduced a 262 page bill at the last minute, under threat of filibuster, to an 11,000 page omnibus funding bill. no one read his bill and he was able to do for wall street what the GOP is doing today... make it possible for the rich to transfer risk to taxpayers and keep wealth for themselves The idea that nobody knew what he was up to is contradicted with your assertion that he threatened to filibuster if he didn't get it. well no. all that he had to do was threaten to filibuster if any oppostion or questioning was raised at all. A agree Gramm was the driving force in this but it was far from a secret. you still havent accounted for the fact the 11,000 page bill was ammended on12/15 at the last moment. gee. wonder why he did that? perhaps because he didn't want anyone to read his thievery and wall street oriented greed was now becoming law? |
OT What is "middle class"
On Wed, 14 Apr 2010 08:02:33 -0400, BAR wrote:
In article , says... On Tue, 13 Apr 2010 23:08:04 -0400, bpuharic wrote: What you didn't explain and even said could not happen was how he managed to get his 282 page addendum (AKA H.R 5660) introduced through the house. He even managed to forge 5 representative's names on that bill. Very clever. BTW to reinforce your side you really should go read Mr Ewing's "extension of remarks" when he introduced this bill but you refuse to admit Ewing was involved at all. It ends "Senator LUGAR and Senator GRAMM have worked tirelessly in the Senate, with the House, and with the Administration to make this bill possible." There is your cookie. Somebody must have been cutting US Government class, for the whole year. especially the part about introducing a bill at the very last moment to an 11,000 page bill. nice little bit of paliamentary sleight of hand |
OT What is "middle class"
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OT What is "middle class"
"bpuharic" wrote in message ... On Thu, 15 Apr 2010 23:50:53 -0400, wrote: On Thu, 15 Apr 2010 22:24:18 -0400, bpuharic wrote: you still havent accounted for the fact the 11,000 page bill was ammended on12/15 at the last moment. You haven't admitted that this was in the committee for months which means precisely zip. how many committees are there? the fact, as i proved recently, is that congress often doesnt read large complex bills. and just because a bill was 'in committee' means absolutely nothing. and one of the things they were arguing about was this particular deregulation. What happened on Dec 14 was they reached a compromise that everyone would agree to .. well, no. with 11,000 pages and then a last minute addendum, just as in health care, it's no surprise gramm took advantage of the situation to slip in the wall street thieve's protection act...he and his wife being the primary thieves and beneficiaries . except 51 republicans and 9 democrats in the house. The bill that came in on Dec 14th only had a few sentences different than HR 4151, not the whole 2xx pages. You can go look them up and compare that particular article line by line. ROFLMAO!! so congress voted on an 11,000 page bill. and to you that means gramm had nothing to do with the 262 page addendum put in at the last minute hell, thieves can alwasy rely on folks like you to defend them If Congress is not reading and understanding the bills, we should vote them out of office and put in a group who will introduce less and smaller bills that can be read and understood. |
OT What is "middle class"
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OT What is "middle class"
wrote in message ... On Fri, 16 Apr 2010 08:44:21 -0700, "Bill McKee" wrote: If Congress is not reading and understanding the bills, we should vote them out of office and put in a group who will introduce less and smaller bills that can be read and understood. The real answer is the line item veto but congress will never let that happen. They hide too much pork in "must pass" bills to allow that. There is a senate rule that says they can't put legislation, like this deregulation, on an appropriations bill but they found a huge loophole in that. Senate rule XVI 2. The Committee on Appropriations shall not report an appropriation bill containing amendments to such bill proposing new or general legislation ... I think that rule was suspended or vacated as part of the Nixon leaving without Impeachment stuff. |
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