This time it's not BushPosted By Jeffrey Counsil |
Well gee, I believe Glenn Beck had mentioned these things a few years back, and was labeled a "wacko"... Along with many other things... Yeah, Wake up America! The commies are already here!
david elosser said:
Nope. It's Obama and the liberal Democrats in Washington that now want to spy on your purchasing habits. You can bet your last unemployment check these same Democrats would be howling mad if Bush has made this same proposal years ago.
http://www.ocregister.com/opinion/data-248115-financial-bill.html
First, the Democrat's answer, as always, is to set up even more government agencies and suck up more tax dollars in the process:
[SIZE="Small"]The bill sets up two new supersnooping federal agencies to collect data on ordinary Americans:
*The Office of Financial Research. This supposedly would predict risk in the system by collecting massive amounts of new financial data, such as patterns of credit card use.
*The Consumer Financial Protection Bureau. It would collect data, especially on consumer transactions.[/SIZE]
Second, as with the Health Care Bill, you will have little or no rights. They would be collecting without your knowledge or consent:
[SIZE="Small"]Another problem, he added, is that the law "is extremely vague and empowering of the regulators. You as a consumer will have no opportunity to opt out. They'll be collecting, anyway, and you won't even know."[/SIZE]
And, as in the case of illegal immigration, the problem is not really that we need new laws, but that we need ENFORCEMENT OF EXISTING LAWS:
[SIZE="Small"]He noted laws on the books made illegal what Bernard Madoff did in his massive Ponzi scheme; and that the Securities and Exchange Commission repeatedly had been tipped off to Madoff, yet did nothing. So, no new laws are needed, just enforcement of existing fraud laws.[/SIZE]
And like the Health Care Overhaul, this new bill will be a 2000-page boondoggle:
Giving more snooping powers to a government that failed to act in the past, despite many warnings at all levels, is not the answer.
AMEN TO THAT!
David E