We will now find out just where the American public stand. The financial reforms that are being

[still_one]

proposed by Obama is widely being dissed by wall street. This is a populous issue. It is effectively bringing back Glass Stegal

For those who were outraged because of the financial bailouts, will they support this? I am skeptical. Not from the folks here at DU, but from the so-called populous crowd. I suspect what we will find out is that populous crowd is in reality just a bunch of right wing partisans for the most part, and will be against this proposal also

[tridim]

1. Teabagger heads are exploding as we type..

IMO they'll be against it because in reality they're just all anti-Obama, all the time.

Hopefully this will expose them.

[still_one]

3. You got my point. I think so also /nt

[Romulox]

2. The word is "populist", and my guess is that any new regs will be a half-measure at best.

:shrug:

[still_one]

4. That will depend a lot on Congress and how much Obama can influence it

[dionysus]

18. i loved that game.

[FreakinDJ]

5. Majority of Americans will favor the changes

I beleive EVERYONE in the country thoroughly / brutally understands that "Removing the Regulations leads to disaster"

[sandnsea]

6. In 48 hours DU will be against it too

I have no idea why, but Jane Hamsher will find something and off we go.

[still_one]

9. For those not happy with Obama on DU, I don't think they will be unhappy about this /nt

[Spazito]

7. Not only the American public but also where the DUers who...

have expressed outrage at the banks (and rightly so) and blamed Obama for it. Will they acknowledge this is an action by Obama they CAN acknowledge AND support?

Given the way previous threads on this have few posts and sink to the bottom of the page at a record pace, I will not hold my breath waiting for said acknowledgment and/or support, sadl.

Recommended.

[still_one]

11. I cannot think of anyone on DU who would be against these proposals, from any side /nt

[Spazito]

14. The 'meme' will be....

any one of the following:

"nice speech, means nothing"
"all talk, no action"

etc, etc, etc,

Those that are truly concerned about the current unregulated banks will definitely be in full support of these measures I have no doubt. It is the ones who are more interesting in slamming Obama and use the unregulated banks crisis to do that slamming that will ignore this or, a few, will poo-poo this as 'grandstanding' and those are the ones to which I am referring.

[still_one]

15. We will see, I don't agree. However, it will be up to Congress to take up the task

[Spazito]

16. I very much agree, it is up to Congress to take up the task...

and I strongly hope they do so and re-regulate the banks. It was the regulation of the banks in Canada that 'saved' us from the catastrophic effects that took place in the U.S.

[Tailormyst]

8. I am going to pat Obama on the back and encourage him to follow through

Editing out my stupid response and I apologize for not reading more carefully.

[still_one]

10. I don't know if you read the body of my post, but I wasn't referring to Democrats, left, right, or

middle, I was referring to the so-called "popular" movements such as the tea baggers and the like

I believe most Democrats will be unified on this, and I also believe most true independents will support it also

This was NOT a jab at Obama

[Tailormyst]

12. DOH- I misread your post !!!!!!!!!!!

I am really really sorry.

:blush:

[still_one]

13. No problem. We are all very frustrated by the whirlwind events that have been happening

This is positive news

I hope Congress follows through

[TxRider]

17. It's doing a lot more than that

It's bringing back Glass Stegal with updated regulation of modern financial instruments.

Plus it's applying anti trust laws on banks. As in "Too big to fail" means too much monopoly of the financial market.

Woohoo!

This is a very good answer to Brown's win IMO. It should get good support from the indies out there.

[Edweird]

19. Ok. Let's see it.

[amborin]

20. no, it is way short of bringing back G-S, which is what O should do n/t