Hoppergrasser's comment history

Hoppergrasser said...

limric... Right on !¡!

April 25, 2011 at 11:56 a.m.
Hoppergrasser said...

It looks like the radical Tea Baggers are controlling the Orange Weeper... and that is not good !¡!

April 7, 2011 at 12:22 p.m.
Hoppergrasser said...

The Banking Act of 1933. Known as the Glass–Steagall Act. This legislation put the regulations and controls in place, introduced banking reforms and to control speculation.

1999... Gramm-Leach-Bliley Act. This legislation repealed much of the Glass-Steagall Act. It allowed the evil-doers with their creative minds to come in and destroy our financial system and our economy.

The repeal of the Glass–Steagall Act of 1933 effectively removed the separation that previously existed between Wall Street, investment banks and depository banks and has been blamed by some for exacerbating the damage caused by the collapse of the sub-prime mortgage market that led to the Financial crisis of 2007–2010. The potential to make enormous profits trading mortgage-backed securities with artificially high ratings encouraged banks to take on otherwise intolerable risk in the form of bad loans. The ease with which people were obtaining home loans contributed to an artificial housing boom and exacerbated the inevitable decline.

This is where the Honorable Newt Speaker of the House comes in. The Speaker of the House and the Majority Leader decide what legislation will reach the floor and when. The Honorable Newt put the Gramm-Leach-Bliley Act on the list of legislation to be voted on. President Clinton signed the legislation. He now admits it was a mistake. For twenty or thirty years (depending on what article you read) the financial industry was trying to get the Glass-Steagall Act repealed. No Speaker of the House would bring the legislation to the floor for a vote. They remembered what happened in 1929.

Our Government must take some drastic steps to reverse the problems we now have. If it does not, we will be faced with another severe depression worse than 1929.

Millions of people have lost their jobs, homes, savings, retirement, and companies were closed.

The people responsible for this will not be prosecuted. They are laughing all the way to the bank.

The corruption and incompetence in our government is enough to make you sick... and get you wee-weed up. :)

I have to close now. My ink ribbon is getting dry. :)

March 13, 2011 at 12:54 p.m.
Hoppergrasser said...

Remember the 1995 shutdown of the United States federal government. Newt orchestrated that.

The 1995 shutdown of the United States federal government was a major political crisis in which the U.S. federal government, as a result of a failure to pass a budget bill, stayed non-essential services from November 14 through November 19, 1995 and from December 16, 1995 to January 6, 1996.

"He (Newt) told a room full of reporters that he forced the shutdown because Clinton had rudely made him and Bob Dole sit at the back of Air Force One... Newt had been careless to say such a thing, and now the whole moral tone of the shutdown had been lost. What had been a noble battle for fiscal sanity began to look like the tirade of a spoiled child. The revolution, I can tell you, was never the same."

Newt's complaint resulted in the perception that he was acting in a petty, egotistical manner. Later, the polls suggested that the event badly damaged Newt politically.

Ethics sanctions Consisted of two counts “of failure to seek legal advice” and one count of “providing the committee with information which he knew or should have known was inaccurate” concerning the use of a tax exempt college course for political purposes. On January 21, 1997, the House voted 395 to 28 to reprimand Newt, including a $300,000 “cost assessment” to recoup money spent on the investigation.

The Great Depression of 1929. Some of the major reasons for this depression and collapse of the financial sector was a lack of Government regulation and control of the financial sector, Wall Street, banks, insurance companies, loan companies, stock brokers, and investment banks. Investment banks were gambling with the peoples money. Banks were making loans to people and companies that didn't have the collateral. People were borrowing money to buy stock. Banks were promoting the sale of stock in companies that were failing, and Wall Street, stock brokers and investment banks were inflating the value of stocks. Also... The Government should have been injecting massive amounts of money into the failing economy to reverse it.

March 13, 2011 at 12:53 p.m.
Hoppergrasser said...

I did a history search of Newt. I started with the things I remembered from his time as Speaker of the House. I found all the things I remembered and much more.

I think you will agree with me. Saying he had a questionable background is putting it mildly. He also had moral and ethical problems and is a few bricks short of a full load.

Newt has been married three times. In 1962, he married Jackie Battley, his former high school geometry teacher, when he was 19 years old and she was 26. They had two daughters. In the spring of 1980, Newt left Battley after having an affair with Marianne Ginther. According to Battley, Newt visited her later that year while she was in the hospital recovering from cancer surgery to discuss the details of their divorce. In 1981, six months after it was final, Newt wed Ginther.

In the mid-1990s, Newt began an affair with House of Representatives staffer Callista Bisek, who is 23 years his junior; they continued their affair during the Lewinsky scandal. In 2000, Newt married Bisek shortly after his divorce with second wife Ginther was finalized.

Keep in mind, Newt was instrumental in pushing for the impeachment of President Clinton because of the Lewinsky scandal. But it was OK for Newt to do the same thing. :) Shortly after his affair with the House of Representatives staffer was revealed, Newt announced his resignation from his House seat and as Speaker. He did not want to suffer through the same humiliation he caused President Clinton.

Polls showed that Newt and the Republican Party's attempt to remove President Clinton from office was widely unpopular among Americans.

March 13, 2011 at 12:46 p.m.
Hoppergrasser said...

mountainlaurel...

That is excellent!¡! Right On.

March 6, 2011 at 3:12 p.m.
Hoppergrasser said...

Thought for today...

"I think Congressmen should wear uniforms like NASCAR drivers so we could identify their corporate sponsors.

March 3, 2011 at 12:05 p.m.
Hoppergrasser said...

Clay: That is a very good cartoon. Associating Gadhafi with the anti-collective bargaining bunch. Right On !¡! :-)

March 1, 2011 at 10:47 a.m.
Hoppergrasser said...

We have become a nation with a gun mentality !¡!

Take your gun to church, McDonalds and Kroger. Carry a gun wherever you go. You just don't know when you might hear something you don't agree with from a member of Congress. Think about it !¡!

January 23, 2011 at 12:45 p.m.
Hoppergrasser said...

acerigger wrote...

"GET YER HANDS OFF MY GOVERNMENT CHECK!!

ace, I feel the same way. I worked for it !¡!

Charlton Heston would say...

"I have only five words for you: From my cold, dead hands."

January 18, 2011 at 2:45 p.m.
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