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July 22, 2010 - by Moshe Bildner

Two major pieces of legislation moved forward yesterday, as the President signed the financial regulation bill H.R. 4173, and the Senate passed an unemployment insurance extension H.R. 4213, by a vote of 59-39.  Here’s what’s going on in Congress:


President Barack Obama's signature on a bill


  • Democrats in the Senate finally broke a Republican filibuster and proceeded to pass H.R. 4213, a fourth unemployment insurance extension; the bill still must be voted on by the House and signed by the President before it becomes law.  (Christian Science Monitor)
  • Testifying to Congress, Federal Reserve Chairman Ben Bernanke called the economic outlook “unusually uncertain”, and announced that the Fed would keep in place all financial stabilization measures it has taken since the 2008 financial crisis. (CNN)
  • President Obama signed into law sweeping new financial regulations in H.R. 4173, ending a quest that had begun as early as 2007.  Minority Leader Rep. John Boehner (R, OH-8) attacked the bill, offering his now-standard call to repeal the new legislation.  (AP)
  • Congressional Democrats are divided over proposals for new energy legislation; liberal members are pushing to enact a comprehensive energy and climate change bill, while more conservative members, worried that a large energy bill cannot get through congress before the November elections, are urging Congress to consider smaller piecemeal energy reforms.  (
  • Feeling pressure from its Gulf oil spill, BP increased its spending on lobbyists to $1.7 million this quarter. (Bloomberg)
  • The Congressional Tea Party Caucus was officially launched Wednesday by a group of Republicans led by Rep. Michele Bachmann (R, MN-6). (Washington Post)
  • The “Miscellaneous Tariff” bill passed the House easily, despite earlier opposition from Republicans.  (Associated Press)
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Displaying 91-100 of 100 total comments.

  • Drewbot78 07/22/2010 3:49pm

    It is time for you people to wake up to why this is all really happening. THE FEDERAL RESERVE IS NOT A GOVERNMENT AGENCY! It is a privately owned and controlled, for profit, corporation. The Fed LENDS our money to our government AT INTEREST. Our government has the constitutional right and obligation to print America’s money itself and therefore it would be created DEBT FREE if they would just do it.

    I highly recommend you all take time out of your schedules to learn about the most important issue facing our country and most of the rest of the world. Almost ALL of the central banks of the world, including the IMF, are private, for profit companies that LEND money to governments AT INTEREST. Here is a VERY good video about this subject being hosted on youtube. PLEASE, for the sake of our country and world, take time to watch it and learn. It is the most important history lesson our schools never taught us.

  • Comm_reply
    Chris51 07/22/2010 6:53pm

    Here is some great information many people are not hearing.

    Ed Show FIRED UP!

  • dlharris1189 07/22/2010 3:55pm


    “I haven’t heard anybody say we shouldn’t be extending unemployment benefits. The difference is one side wants to borrow 34 cents on the dollar, mainly from the Chinese, and send the bill to our children and our grandchildren,” Rep. Jeb Hensarling (R-Tex.) said during debate in the House on Thursday.

    Democrats argued that emergency benefits have never been paid for — even during the Reagan administration — and accused Republicans of trying to undermine public faith in the Obama administration.

    “They’ll say it’s because of the deficit. But in reality, they’re simply trying to make this president fail at any cost,” said Rep. Jim McDermott (D-Wash.), who accused the GOP of trying to “infect” voters with “fiscal fear.”

  • dlharris1189 07/22/2010 4:00pm

    Our government is nothing but a giant corporation sponsored by Wallstreet….then again the racist GOP do not want this country to have a successful black president, therefore they are puttin this bullcrap hysteria around about the same deficit they didnt give a crap about when the BIG BANKS were failing!! They want to make Obama look bad so they can turn around and say America isnt ready for a black president….they need to suck their pride up and write the freakin same checks that didnt mean shit a couple of months ago!!!!

  • Comm_reply
    Abaratarrr 07/23/2010 1:10am

    I agree, but its not because he is black it is because he is not a reptile, Bush, Cheney the prime minister of England the Queen of England and almost all the white politicians are descendants of reptilian aliens that have infiltrated the leadership positions of earths top governments so they can take over the world, they do not like oboma because he is not a reptile but they disguise their dislike of non reptiles as racism.

    do some research on the “reptilian agenda”

  • Comm_reply
    Abaratarrr 07/23/2010 2:13am

    you can learn more about the reptilian agenda here

  • jpocalips1 07/22/2010 6:38pm

    I’m confused as hell, I live in Ca. My regular UI claim was for 26 weeks, my 1st. tier was 20 weeks, my 2nd. tier was 14 weeks, my 3rd. tier was 13 weeks, and my 4th. was 6 weeks. Now that adds up to 76 weeks, so my question is when this bill is signed by the President, will I still qualify for an another 20 weeks on Fed-Ed ? California has a 12.3 unemployment rate, went to the Ca. Edd web site and now I’m more confused then ever.I thought your could have a max benefit of 99 weeks, with the 4 tiers and the Fed-Ed extension, now I’m not so sure.

  • supernova 07/22/2010 7:13pm

    Looks like President Obama signed HR 4213 into law. Congratulations to all of us!!!

  • MelinFlorida 07/23/2010 4:44am

    OT it is not over for people in Florida we are all considered 99er even if we are84er. It makes me sick to see a balance on my account and know I am not getting it. I was a State Employee, with a Disabled husband and 2 girls, I have lost my car been evicted an because of some BS i am unable to get my EB. not right to get our hopes up and then smack us in the face…..

  • Comm_reply
    Abaratarrr 07/23/2010 9:30am

    An executive order issued today by Gov. Charlie Crist will prevent thousands of Floridians from a delay in receiving unemployment compensation.

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