Tuesday, April 10, 2012

Why Obama's JOBS Act Couldn't Suck Worse

via Rolling Stone -- Matt Tiabbi / The Tiabblog


[Sounds like Matt is wide awake now.  I am relieved.  Welcome to the Obama Hangover Cafe, buddy.  We're glad to have you. ~ Gabrielle]


"Boy, do I feel like an idiot.  I've been out there on radio and TV in the last few months saying that I thought there was a chance Barack Obama was listening to the popular anger against Wall Street that drove the Occupy movement, that decisions like putting a for-real law enforcement guy like New York AG Eric Schneiderman in charge of a mortgage fraud task force meant he was at least willing to pay lip service to public outrage against the banks.

Then the JOBS Act happened.

The "Jumpstart Our Business Startups Act" (in addition to everything else, the Act has an annoying, redundant title) will very nearly legalize fraud in the stock market."

Read more: Why Obama's JOBS Act Couldn't Suck Worse | Matt Taibbi | Rolling Stone

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