Losers

The poison pills the Republicans embedded in the, so called, CRomnibus budget will make the American people the biggest losers for all the reasons I gave in my previous post. The individual politicians who are going to lose the most because of this bill are Barak Obama and Hillary Clinton.

When the big banks crash our economy again and we have to bail them out again historians will point out that Mr. Obama lacked the courage to prevent the big banks from engaging in the risky behavior that caused the crash. I do not know what Mr. Obama thinks he got in the budget bill that could possibly be worth the damage it is doing to his reputation. This does not bode well for the future! I hate to think about what President Milquetoast will allow the Greedy Old Plutocrats to do to the American people over the next two years.

If I were Hillary Clinton I would be fighting mad at President Obama and the other Democrats who voted for CRomnibus, because the poison pills embedded in that bill, particularly the one gutting Dodd-Frank, greatly magnify the danger of her ties to Wall Street and the big financial institutions. Believe me, it is not just liberal Democrats who are leery of Hillary because of those ties! Now she will have to anger her largest contributors by saying she will restore the provision of Dodd-Frank that prohibited the FDIC from insuring derivatives or she will have to acquiesce to the FDIC insuring the risky behavior of the big banks and thereby anger everyone who is smart enough to understand the causes of George W. Bush's recession. The CRomnibus has really put her in a difficult position!

The only bright side to this abomination (I am so angry I almost wrote Obamanation) is the courage of Elizabeth Warren and the others who risked incurring the wrath of the leaders of their party by opposing CRomnibus.