Word of the day … Amusing

Today is an amusing day for those of us who have to listen to folks on the right talking trash about the latest Obama Administrations win. We must say this … 2 big sweeping bills passed in Congress which were on the Obama campaign agenda … YaY !!!! …and BP’s newest cap is doing the job at this moment, the pressure is rising which they say is a positive sign though after 87days we are all waiting hoping for the best.

With the help from three Republicans, a final vote in the Senate of 60-39 for Wall Street Reform finally happened. This vote was a big fing deal like the one Biden said about Health Care Reform. The drama was great because the Senate wasted no time, the first vote for cloture was 60-38 to move the Wall Street bill forward then a couple of hours later the  final vote  of 60-39 came through. This reform bill should move us all beyond Wall Street to get Every Street fixed with this somewhat watered down bill. The Bush Administration did let the people down and avoided reforming anything financial.  We all know that all things financial finally needed to be repaired and reintroduced so that it functions correctly not corruptly and President Obama was able to get some in Congress to see and accept the idea and step up to the plate and got it done.

The President will sign the bill into law next week, until then celebrate because it’s Friday! Woke up to some strange weather in the 206 but then heard that the DC area experienced an Earth Quake reported being 3.6. It is considered minor or barely felt earthquake if you live on the left coast but it will be the topic so many on cable, main stream TV and airwaves because they don’t usually have them there and is the largest recorded earthquake in that area.

The President has gotten things done though the Administration is not getting the credit in this nasty climate; what seems to be louder and even noisier is the trash that Republicans keep talking  …Boehner came out and not only announced they would repeal Wall Street Reform on national TV they let their constituents finally see where they stand. The last few days and or months; say, since the 2008 elections we have been bombarded with crazy talk  from the right and while we may gasp at all or most of what they throw out at us. It should open the eyes of all that have been trying to decide which side of the isle they should be on … it is clear to me Republican talk is cheap.

More amusing is the ramping up of race and the importance of it now that we have an African American President. In addition to race, it is also amusing at how easy folks on the right seem to be throwing out labels to describe President Obama’s actions in a time when the jig is up so to speak. The corruption of not only just Wall Street came out some say a few things about the last administration were not just swept under the rug they were shoved and an agreement made to move on. It is obvious that Wall Street’s creative accounting procedures finally coming to an ugly head and the show, “House of cards” by David Faber on Cnbc was a cruel reminder and or an awakening at how greed affects the mind. It was a truthful documentation of the nasty journey our economy took … for who, by who and how it (they)almost brought  all of us down …and if we have to subscribe to labels … call me a Marxist who believes in Socialism at this time ….. We need someone who cares, who is socially responsible and who believes the gap between the haves and have none needs to shrink. School me, what can be wrong with caring for all the people of the US … not just the top one or 2percent… especially since that one percent has been wheeling and dealing starting from the house of bush and trickled down to main street … gotta admit it’s time for a change.

Obama is not a socialist or a Marxist …

Other News …

**Rising pressure on the BP well cap is a positive sign

**West Virginia Governor Joe Manchin announced the temporary appointment to fill the Senate seat left vacant by the death of Senator Robert Byrd. Senate Majority Leader Harry Reid has said that the Senate will swear in the new senator on Tuesday, July 20th

*”Goldman Sachs has agreed to pay $550 million to settle federal claims that it misled investors in a subprime mortgage product as the housing market began to collapse.” The settlement with the SEC “would rank among the largest in the 76-year history” of the agency, but “represent[s] only a small financial dent for Goldman, which reported $13.39 billion in profit last year.”

**Sen. Saxby Chambliss (R-GA) has joined the chorus of Republicans already calling for repeal of the recently-passed financial overhaul bill. “Oh, I’d love for it to be repealed,” said Chambliss, the ranking Republican on the Agriculture Committee, which played a key role in writing the bill.

**Yesterday, the U.S. Army “reported a record number of suicides in a single month among active duty, Guard and Reserve troops, despite an aggressive program of counseling, training and education aimed at suicide prevention.” In June, there were 32 soldiers who are believed to have committed suicide, and suicides “for the first half of the year are up 12 percent over 2009.”

C-SPAN …

Pres. Obama Remarks financial reform bill

Hearing on Working After Retirement

Spkr. Pelosi Briefing

Defense Briefing on Afghanistan

Pres. Obama: From Earlier Energy Dept. Report

Well Cap Holding; No Oil Leaking as Integrity Tests Continue

BP announced yesterday that oil had stopped flowing into the Gulf after engineers closed three valves on the new capping stack that was placed earlier this week. Engineers will continue to monitor the pressure within the well to determine if the cap can hold the oil without leaking from other locations along the pipe. The results of these integrity tests will provide BP with insight into how to proceed with their efforts to seal the leaking well. However, National Incident Commander Thad Allen reminded the public that the cap was not designed to be a permanent fix – it will allow four vessels to contain the oil and assure redundancy in the event of severe weather. BP hopes two relief wells will provide a permanent solution; the first well is within 5 feet of its target and should be completed sometime in August.

Pres. Obama: Available shortly    Thad Allen: From Yesterday Live: Undersea ROVs
Times-Picayune Coverage of Oil Spill

President Remarks (7/15) Senate Floor Debate (7/15) Senate Floor Debate & Votes (7/15)
H.R.4173 The Hill: Democrats reshape Wall Street
Reuters: Wall St Reform Clears Congress

Press Conference: C-SPAN at 2pm ET
WP: Democratic prospects look good in WV
WVGazette: Manchin to announce replacement