Right on !¡!
It looks like the radical Tea Baggers are controlling the Orange Weeper... and that is not good !¡!
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
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This legislation repealed much of the Glass-Steagall Act.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
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to get the Glass-Steagall Act repealed.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
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. :)
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.
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
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
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
Also... The Government should have been injecting
massive amounts of money into the failing economy
to reverse it.
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.
That is excellent!¡!
"I think Congressmen
should wear uniforms
like NASCAR drivers
so we could identify
Clay: That is a very good cartoon. Associating Gadhafi with the anti-collective bargaining bunch. Right On !¡! :-)
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 !¡!
"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."