What you say, President Obama?

"I promise to use every tool at my disposal to see these reforms enacted: to ensure that the bill I sign into law reflects not the special interests of Wall Street, but the best interests of the American people." — President Obama

He said that when we were in the Worst financial crisis since the Great Depression.

The President’s reforms will guarantee that Americans never again end up holding the bag for the bad decisions and greed-driven policies of big banks and credit card companies – protecting consumers and taxpayers alike.

I thought the American people wanted this?..

The President’s plan will help to make financial markets safer for investors by closing regulatory gaps and loopholes.

Sounds good to me, the loopholes should be gone, some people don't want that either...

Wall Street reform will require tough new rules and greater transparency from investment advisers, financial brokers and hedge funds – holding them accountable while protecting investors and businesses.

Now, I see why, some people would not want this to come to pass.. Do you?

Reform will put in place tough new capital requirements, rigorous standards and supervision to ensure that no financial institution is capable of bringing down the economy, and that taxpayers are never again forced to bail out big banks because they are "too big to fail."

Glad they didn't fall, if they would have we would be in soup lines...

I can't understand why some people are not aware how dangerous that would have been if the banks weren't bailed out...

Explain that to me. Correct me if I am wrong in the Depression didn't the banks fail, then what happened?...

Some people believe that our rate of employment is high now.. which is higher the rate now? Or then?

Let's compare,

1930

Democrats gain in Congressional elections, but still do not have a majority..

1931

No major legislation is passed addressing the Depression.

The GNP falls another 8.5 percent; unemployment rises to 15.9 percent.

1932

10,000 banks have failed since 1929, or 40 percent of the 1929 total.

Popular opinion considers Hoover's measures too little too late. Franklin Roosevelt easily defeats Hoover in the fall election. Democrats win control of Congress.

1933

Alarmed by Roosevelt's plan to redistribute wealth from the rich to the poor, a group of millionaire businessmen, led by the Du Pont and J.P. Morgan empires, plans to overthrow Roosevelt with a military coup and install a fascist government. The businessmen try to recruit General Smedley Butler, promising him an army of 500,000, unlimited financial backing and generous media spin control. The plot is foiled when Butler reports it to Congress.

The free fall of the GNP is significantly slowed; it dips only 2.1 percent this year. Unemployment rises slightly, to 24.9 percent.

Sound so similar of what happen to us.. who stopped our downfall?..

If the bail outs were not acted on.. the above would have happened..

The economy got stronger because of new measures unfamilar to the same old thing was put to action..

At his Democratic presidential nomination, Roosevelt says: "I pledge you, I pledge myself, to a new deal for the American people."

I see the why Obama's getting hit so hard.. Some people don't really want to change, they are stuck in the past looking backward and not forward to new grounds and unlimited opporunties..

The saga continues.. History repeating itself?.. Uh?

Gwendolyn Davis