brocco obama with yet that other
white
flag of surrender
it was earlier in his administration i did a shot
picture grant
i've been surprised and disappointed
these days i look at a go
it not that it in the wall street journal
telling of the country about a new exam order to decide
and as i was reading it i was
act but screaming at the paper outgrow it's cup
so u
classical obama he comes in begins with
balance when it down
sometimes any regulation sometimes you know
now who reside
i love that okay
best totally true
lookin as far as the size of government regulation sometimes
government should regulate some things
uh... i think of that works best when it's a cop whether it's a literal cop on the street
or cop on wall street or cop to make sure that hey you know what they're not pushing
our food supply
uh... whether it's terrorist or whether it's
an actual companies who don't mind passing out
mad cow disease if they got to make an extra nickel out of it right
they need to be the cop separate actors is the central
role of government right
uh... so i i agree that but sometimes government gets out and then
they start giving
bonuses here in tax incentives there are a center
weicker's companies want those
and was government gets in that business at hand the act can be
then it's a little dangerous
this doesn't have the right incentive structure
it doesn't quite know what it's doing
so i'm not a big fan of big government for big government sake not even close okay
but the one thing the government should do
is regulate to make sure that the consumer
is protected
and this article this are betting this order by the president
in reality the exact opposite if he actually believe that balance i'd be on board
but as you see from the rest of the op ed
no such thing
this is him saying to the business community
in the wall street journal
i give up
you win let me tell you how right you are about how terrible regulations are
let me give you some examples
from his article
he said uh...
he would require that in the future government agencies quote
they sure the regulations protect our safety
health environment
while promoting economic
to which i say
of course a lot of what what what what they do it in the past
okke supple job this is his way of saying they were doing that in the past
that you know i'll israel a scissors as having a lot man
and but now trust they will cut some
so it'll get better for job growth not clear enough i'll give you more quotes he said it
is a review
that will help bring ordered to regulations that have become a patchwork of overlapping
rules
the results of tempering by administrations
and legislators of both parties
and the influence of special interests in washington
over the decades
night as a way of saying
look at this regulations patchwork in the came to the government incurred
patient that things are with you at all
and it's become his messy patchwork
and it's costing us jobs
well said miss republican president but this is
this is what a republican president woodrow coming to a fact of the tobacco
well you know what that republic president so that you could in a larger bubbly in brazil
but this is a one a democratic president writes and i'll get to that in a second to believe
that you more examples
he said uh... their mission was to root out regulations that conflict
that are not worth the cost or that are just plain dom
and now he's calling regulations don't
among other things
and while last month also getting rid of absurdity unnecessary paperwork requirements
that waste on
and money
now why it all this rhetoric against regulation
it's a saved through the business community white wing the republicans
your right what costs us jobs any directly says an article as well
about costing jobs
what cost us jobs
is the government
big big government is at fault
over-regulation is at fault and when i will do is
since you won in the election by spending all that money on republicans and i don't
think i could win unless i get your money your corporate money
i will take away those regulations
are full
and complete
and unconditional surrender
sold for exam of the business community complains about regulations into the bank saying they
are way too tough
uh... that is opera
pasta wrist joke
we didn't wind we haven't even touch them
they can do still do the same exact risky gambling
that they could before
i've spent
countless hours of mighty undeserving hours
of this show explaining why those regulations don't do anything okay
uh... now obama saying in the business community i will even take some of those away
now the result
import of that and why
this is a message to the business community give me money
give the democrats money don't worry went into a t_v_
is that right now at this when it comes i hope your form but especially finance reform
sample loss so that
the regulators have more power
so they'll be writing the new regulations now
and each is to make it tougher or softer
this is all bomb assay i will make them a soft as possible
don't you worry your pretty little banker heart
we're not gonna touch you
you still get to take all that restore the american taxpayer money or your depositors'
money and we're not going to a damn thing about it
yet any hope in obama
let it go now
you were wrong
and by the way i was wrong i've had open a bomb
all this time
about isn't it
either there were some chance he could turn around
now with this
final piece of oslo
no chance the next two years will be just
how do i get that money
how do i get the corporate money and a rich people's money
so i can win reelection in twenty twelve there'll be nothing progressive it'll be more
crap like this
and was much more important
and relevant to your life
is that
if the rules are the same as they were before the crash which they are an easily promising
to make them softer
definitely be another crash
see that's why i'm not in the camp of
hey all bomb is trying a new start out small any get bigger
now obama started about tiny any that tiny air in terms of change
and he's not gonna get bigger
he's not gonna get aid make real reform in wall street now always going to opposite direction
no there wasn't open question of
is this guy trying to incrementally do the right thing
is he just
putting a band-aid on the problem hoping worse
too dumb to figure it out
an and honestly i was torn on that for a long long time
are not for our anymore
this is not going stuart some
better incremental change
this is going to words
i'll put a band aid on it
i hope the crashes on somebody else's watch
meanwhile i get paid
i get re-elected
are i a wonderful politician
well mister president no you're not
and uh... if
you could do you go in this direction is your most certainly will
given every single indication you've had since the election
we'll fight you for the next two years
this is not a democratic president
guy who does this and by isn't it
every republican talking points and one last thing on that
but is not just that he's acting like a republican
he is
ease polio lieberman
he's proving the republicans right
now the thing is
they're not in fact in policy right
but to the average american way look-see says well alright republicans say that and so does
the democratic president
well i guess the regulation but must be at fault
i guess the reason we crash was over-regulation the reason we have a high unemployment was
over-regulation when the answer realities exactly opposite
we deregulate the banksy gamble they lost in the name and has been for and we had enormous
unemployment
so he's giving the american people the exact wrong answer
and he's giving them the answer of the opposing political party
nao but that's not even a good politician
that's a very shortsighted politician
he doesn't even make his own case
and in if he keeps going this lady's up against a real republican
who in about four real republican or this light
in a poke
ietf
uh... dot i mean light republican bottom at eight nine nine jurors that
moderate pollen or
if you're a business community and he gives you this kinda cover
he might be better than a republican