By John Lillpop ——Bio and Archives--April 17, 2010
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“WASHINGTON (AP) - The U.S. is destined to endure a new economic crisis that sticks taxpayers with the bill unless Congress tightens oversight of the financial industry, President Barack Obama said Saturday. “The overhaul is the next major piece of legislation that Obama wants to sign into law this year, but solid GOP opposition in the Senate is jeopardizing that goal. ‘Every day we don't act, the same system that led to bailouts remains in place, with the exact same loopholes and the exact same liabilities,’ Obama said in his weekly radio and Internet address. ‘And if we don't change what led to the crisis, we'll doom ourselves to repeat it. ‘Opposing reform will leave taxpayers on the hook if a crisis like this ever happens again,’ the president said. A proposal that Senate Democrats are readying for debate creates a mechanism for liquidating large financial companies to avoid a meltdown.”Sound familiar? It should because it is the same fear-mongering rhetoric that Obama used in begging for the original bail out, the stimulus debacle, and health care reform. After all, Obama believes that crisis, real or managed, is an excellent opportunity to implement his Marxist agenda. How much longer is Obama going to get away with his bait and switch double talk?
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John W. Lillpop is a recovering liberal. “Clean and sober” since 1992 when last he voted for a Democrat. For years, John lived in the San Francisco Bay Area, the very liberal sanctuary city which protects, rather than prosecutes, certain favored criminals. John escaped the Bay Area in May and now lives in Pine Grove California where conservative values are still in vogue.