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.
As the health care reform debate moves forward discussions are becoming heated at townhhall meeting. Obama brings up the disinformation.
As this is so important US citizens should read the bill themselves in this writers opinion. It is becoming more and more difficult to wade through the rumors and outright efforts to discredit President Obama at every turn. Basically don't listen to anyone on TV or Radio. Read the bill and decide on your own, not some fat pill head from Florida or a anchor person on CNN who went to community college. Non of these people have the credentials to now whats best.
Just because a person in the media says they are a expert doesn't make them one.
House painting is becoming the fastest growing new business in America now. Most of these new painters never worked in the trade, but they will all say they know what there doing. Watch out for peeling paint next year.
So before anyone decides a person in the media is a authority watch for peeling paint to come.
On Wednesday, May 13, 2009 the President, Speaker Pelosi, and other Leadership from the House of Representatives came out from meeting together with a new target on moving forward with health reform. Quality, affordable and accessible health care for all Americans was the issue of the day.
Its not often that a sitting president out the White House like this. President Obama after the Speaker in the South Drive at the Oval Office.
pass legislation through the House by July 31st
