Marking the anniversary week of the unofficial meltdown of the economy Obama says things are better. The president says that with the help of all Nation the economic free fall is over, but there is still lots to do.
At the G20 Summit Obama intends to work with other countries to secure the global economy by leading the way.
Barack Obama will ask Congress for tough common sense rules to prevent similar meltdown. He says though Wall Street has its issues all citizens who barrow money from bank and take out morgages need to take personal responsibility and lenders need to be more honest.
Rules to keep consumers and lender honest could include, Forming a new "Consumer Financial Interest Protection Agency" to keep tabs on lenders and borrowers. The agency would make rules to keep consumers from hidden fee's and penalties being attached to loans. Outrageous interest increases for late payments and so on.
With the next G20 Summit approaching in Pittsburgh, the President goes over the progress in stemming a global economic crisis. He discusses the impact of the Recovery Act, and pledges that "lobbyists for big Wall Street banks" will not prevent real reform for the future, including a new Consumer Financial Protection Agency.
The true side of Kanya West comes out again. It's one thing to be arrogant and a gorilla marketer, but to steel the moment from a young singer getting a award is childish. Continue reading »
It is really in appropriate for the leader of a country to comment on such things. True Kanya West is a Jack Ass but the president shouldn't fuel pop culture. After all these celebrities do nothing to further the country. They are basically doing whatever it takes to get attention and make money from it. It is to bad that the these people don't understand the world judges us by what they see on the media. They think all Americans are like this. It is a dis service to the country as well as all of us.
I wasn't going to write about this until I saw a goof by the Weather Channel People. They are so funny sometimes.
