Author: Jeff Rabinowitz

Bring back Glass Steagall

The Glass Steagall bill was government regulation that separated commercial and investment banking. Commercial Banks, are a financial institution that provides financial services, such as accepting deposits, and issuing loans, mortgages for homes car loans etc. Investment banks provide services to individuals, corporations, and governments, such as raising financial capital. Security firms provide transaction services related to financial investments. A financial investment is an asset you put money into, in order to appreciate. Typical financial investments, are CDs and bonds that pay interest to the owners. The Glass Steagall act was enacted by congress in 1933, in response to over 5000 banks in the U.S. going bankrupt. It prohibited commercial banks form engaging in investment banks and security services. The theory was that investment banking and security services is what caused the commercial banks to go bankrupt. In the 1960s congress started allowing commercial banks to reengage in security bank services, but not investment bank services. Many argued at that point that Glass Steagall was dead. But it was not until 1999 that President Bill Clinton and congress agreed to repeal Glass Steagall all together. So why would such a conservative anti regulation president like Donald Trump want to restore such a big government regulation. Err-go The great conservative hypocrisy. Conservatives believe what works in the private sector will work even better in governing. So they have chosen to...

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Donald Trumps Cabinet Finalist

I have been reading about one of President Trump’s finalists as he likes to call them, for education secretary. I became more concerned than ever, he doesn’t have the common sense to pick a good cabinet member. The finalist I’m speaking of is Eva Moskowitz for the position of Education Secretary. She runs New York City’s largest, highest-scoring network of charter schools. So how could this be a bad choice? The fact of the matter is the Success Charter School, weeds out the under performers and children with special needs. They have denied the allegations, but the charges resurfaced after, a Got To Go list appeared from one of the schools principles office. The schools also spend an enormous amount of time on Common Core test preparation. They do recruit their students form a random lottery process. but they find a way to work with only the best students, for example the Got To Go list. This is a classic example of the Trump way of doing business, everything looks great on the surface but when you dig a little deeper you find the real truth. Lord help us see through the next 4 years, the smoke and mirrors have only begun to surface....

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Congratulations President Trump

Congratulations President Trump. You have not even taken office and you already fulfilled your first campaign promise. You drained the swamp. Everybody in the swamp is working at the Whitehouse now, including that dirty snake Steve Bannon. Your second campaign promise won’t be hard to fulfill either. Deporting those bad hombres as you put it. In order to make that happen, all you have to do is nothing, just continue President Obamas deportation policy. If you like you can do it with a lot more energy, as you said you would do. “What the people don’t know is that Obama got tremendous numbers of people out of the country.” That’s a quote from you President Trump. So the additional energy will be in the form of publishing those numbers. Unlike the Obama administration who kept those figures quiet, to save the image of empathy, Democrats like to portray, all you have to do is publish those numbers, perhaps on Twitter or the Whitehouse website, that should give the appearance of an aggressive illegal immigration enforcement administration. One of the things you may want to reconsider, the promise you made, when you said you would bomb the sh%$ out of them. We already tried that, several times in Iraq as well as Afghanistan, It didn’t help, it just put our country in trillions of dollars in debt and left a...

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Congratulations John Morgan

I applaud the efforts and enormous personal financial commitment Tim and John Morgan have made in their effort to have a constitutional amendment for the use of marijuana, for treating, debilitating medical conditions. although it may seem a contradiction, I also understand those who are opposed to the amendment. There are many unanswered questions. These questions need to be answered, as John Morgan pointed out in his radio campaign. Every presidential candidate agreed Medical Marijuana should be legalized. The Federal government should allocate billions of dollars in funding, for the National Institute of health to provide grants to the researchers, that can best determine how and for what  conditions  medical marijuana can be used to treat. As well as effective therapies medical marijuana could apply to. Marijuana should also be taken off the schedule 1 substance list, catagorizing a soft drug like marijuana, schedule 1 substance, comes with strict regulations and enormous research...

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Ronald Reagan speaks out against socialized medicine

As I listened to Ronald Reagan speak about socialized medicine and the foot-in-the-door philosophy, I wondered who had the the first foot in the door, so, I researched a little and found some interesting information. George W. Bush, the Commander-in-Chief and architect and proprietor  of Medicare Part D, had very similar rollout problems to those of Obama Care. Likewise, many considred it the largest expansion of the welfare state since the creation of Medicare in 1965. Republicans refused to dedicate funding for the bill, raise Medicare tax, or cut spending; therefore, the entire cost of the bill became part of the increasing budget deficit. What made matters worse was that Republicans insisted it be there bill, not allowing Democrats to take the lead on this enourmous new entitlement initiative. They new, had Democrats written the bill, they would include provisions requiring drug companies to lower the prices of the 178 most common drugs considered elegibile for the Part D program, thus driving down profits for pharmaceutical  companies. Be that it as it may, I decided to dig a little deeper. I found enourmous similarities between Obama Care and Romney Care. The biggest challenge with both is the gaurenteed issue clause. Simply put if a citizen is diagnosed with a vastly expensive or fatal condition, he/she is still eligible for coverage. This clause cost insurance companies a lot, which is...

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