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"Don't think we're not keeping score, brother." That's what President Barack Obama said to Rep. Peter DeFazio in a closed-door meeting of the House Democratic Caucus last week, according to the Associated Press.
A few weeks ago, Mr. DeFazio voted against the administration's stimulus bill. The comment from Mr. Obama was a presidential rebuke and part of a new, hard-nosed push by the White House to pressure Congress to adopt the president's budget. He has mobilized outside groups and enlisted forces still in place from the Obama campaign.
"Don't think we're not keeping score, brother." That's what President Barack Obama said to Rep. Peter DeFazio
During his private meeting with congressional Democrats and Republicans on Friday, President Obama ended a philosophical debate over tax policy with the simple declaration that his opinion prevailed because "I won."
Originally posted by jibeho
He may be able to bully congressmen but he apparently lost out to those in the G 20 today. Apparently his bully talk leading up to the meeting fell upon deaf ears.
15. To this end we are implementing the Action Plan agreed at our last meeting, as set out in the attached progress report. We have today also issued a Declaration, Strengthening the Financial System. In particular we agree:
• to establish a new Financial Stability Board (FSB) with a strengthened mandate, as a successor to the Financial Stability Forum (FSF), including all G20 countries, FSF members, Spain, and the European Commission;
• to endorse and implement the FSF's tough new principles on pay and compensation and to support sustainable compensation schemes and the corporate social responsibility of all firms.
The new Financial Stability Board could be seen as an embryonic global watchdog – or as another slow-moving collection of regulators. The attack on "rewards for failure" comes straight from the court of world public opinion, although as usual there are few specifics. Tax havens also come under attack but what the "sanctions" primed by the G20 will be remain to be seen.
His two simple words now speak volumes as to the nature of this president.
* APRIL 4, 2009
Obama Wants to Control the Banks
There's a reason he refuses to accept repayment of TARP money.
The government wants to control the banks, just as it now controls GM and Chrysler, and will surely control the health industry in the not-too-distant future. Keeping them TARP-stuffed is the key to control. And for this intensely political president, mere influence is not enough. The White House wants to tell 'em what to do. Control. Direct. Command.
It is not for nothing that rage has been turned on those wicked financiers. The banks are at the core of the administration's thrust: By managing the money, government can steer the whole economy even more firmly down the left fork in the road.
If the banks are forced to keep TARP cash -- which was often forced on them in the first place -- the Obama team can work its will on the financial system to unprecedented degree. That's what's happening right now.
Also IMHO...Obama was testing the waters with his "behest" for G.M. CEO to step down...