posted on Sep, 14 2009 @ 10:30 PM
Well, considering who he was addressing, you can't make veiled threats to the Financial Industry that say "You better change your ways because if I
have my way, laws might get passed that might make your evil-doing illegal. How do you like them apples?" Doesn't quite have the same threat as
"Your days are numbered and it would be better for you to reform now ahead of the game or you will face the penalty later when these laws get passed.
It is only a matter of time."
Besides, Obama has a Democratic Majority in both the House and the Senate. It is pretty much a done deal. There aren't even enough Republicans to
Filibuster to delay it. The only thing that is going to change his proposals are if Democrats want to attach one Rider Bill after another in order to
pass it...although generally it is the opponents to a Bill who have a Filibuster who attach a Rider as terms for ending the Filibuster and allowing a
Bill to pass.
However, unless Obama has an inside person in the House and Senate, he isn't going to have any say over how it is drafted, proposed and voted on.
What he may ask Congress to do may not come out anything like he intended. Most likely it will be watered down and without teeth.
But one thing I realized today is that just as our Liberties get eroded away one small infringement at a time, so can the Power be taken away from the
Financial Behemoths that wield so much leverage on our Government Officials.
The Financial Industry isn't willing to surrender all their Power to our Government or to the People...however, if you propose a single law as a
concession requiring them to use plain language in your dealings with consumers, they'll chose to acquiesce. Then, another law later, you require
that the Bonuses of Executive Officers be put up for a shareholder vote. Again, considering what Congress could be asking for, it seems like such a
trivial concession that the Financial Industry lets it go without a fuss. Then, another law later, you require that the Financial Industry submit to
annual audits if they receive Bail Out Funding from the Government. They'll make a huge stink about it, but still considering the Regulations they
could be finding themselves under they won't protest so loudly as to draw unwanted scrutiny and attention. Little by little you are dismantling them,
in baby steps, and each time it gets easier and easier for Congress to let the hammer fall as one precedent after another exists to legitimize their
What this means is Financial Reform won't happen in it's entirety during Obama's Administration, even if he ends up serving 2 terms, however he can
get the ball rolling and even though A.G.E., G.S., M.L. and the others on Wall Street have such a tight grip on our Government, they will be powerless
to stop it, especially once the ball picks up velocity over time.
20 years from now, if future Administrations continue on the same direction, we may see it come to fruition...but chances are more likely a future
Administration in the pocket of Goldman Sachs might undo all of it with a single wave of the Presidential Pen.
But yes, you are right about Obama using the "Royal We" when giving speeches. He refers to himself as the Nation on a whole, which is pretty
presumptuous but it shows that he at least has his intentions for the people, even if he speaking for us on our behalf as a whole as if he knows what
the majority of us communally want. On the same vein, he has Al Gore Complex where he talks about things he will do, which are actually being done by
other people, as if he somehow is responsible for it. Lastly, he does count his proverbial chickens before they hatch...which sounds great on paper,
but it's going to bite him on the backside one day if they all don't hatch after all.
That Obama is a wasckily wabbit. He really is a remarkably charismatic speaker if you ignore the frequent "uhs" and "ah"s. It does takes a bit of
discernment therefore to dissect his speeches to see those word-plays he uses to sucker people into believing in his plan for America.
I'll give the man one thing though, he has come back out of his corner of the ring from the August Break fighting. He might actually have what it
takes to be a Contender after all. He certainly is making a stronger showing right now than he did a month ago. (He must have gotten a Pep Talk from
his Life Coach while Congress was out of session.)
The Financial Sector might not want to get too cocky and dismissive about Obama...especially when the majority of Americans, whether they support
Obama's plans or not, universally agree that the Financial Sector needs Accountability and Reform.