In Describing the new Financial Reform Bill to the American People. Obama claimed the bill makes sure we will never again pay for a bail out. Nothing could be further from the truth. The Bill Gives the Executive the Power to Shut down, and or TAKE OVER any bank or institution it deems to big to fail and in trouble. If they take them over they will take on any debt they have and you and I will be BAILING them out. Not to mention this takes power away from the Congress as the Executive branch can make these decisions with out oversight or approval from congress. Don't get me wrong, there are some good parts to this bill, but that Part is a very bad one, and Obama is Lying to us all again when he says we will never face having to pay to bail out a bank again. Remember people, Obama will not always be president, Even if you support him, it should trouble you he is grabbing up so much Un checked Executive power. I count this as like the 11th Major Lie Obama has told us all. 1 Ill be the most transparent ---- LIE 2 I will eliminate ear marks. ----- HUGE ASS LIE (can you say stimulus loaded with pay off ear marks, and Omni Bus) 3 We have to pass this stimulus right now or the sky will fall ---- Lie (as proven by the fact that over half of it is yet unspent 1.5 years later.) 4 My health care plan will lower costs ---- LIE (According to his own CBO and experts he is and Was full of shit. Joe wilson WAS RIGHT.) 5 My health care plan will Lower the Deficit ---- LIE (According to his own CBO and experts he is and Was full of shit. 6 The reason BP is drilling so Deep is were running out of Oil closer to shore ---- Lie (federal Law bans drilling in many shallower places and Anwar. Our un proven oil reserves are estimated to be near or more than what is in the middle east.) 7 I was not aware of Rev wrights Black Liberation beliefs and Anti American Rants --- Lie (he sat in the pews for 20 years, wright regularly made those rants, HE KNEW) 8 Republicans Blocked the Unemployment extension Because they are Mean ---- Lie, (they simply Demanded, As you did in NOV MR president, That we PAY FOR THEM. Maybe with some of that stimulus money you are savings for a last min push in the run up to the mid terms. Republicans submitted no less than 5 Counter bills that extended the Benefits and used Stimulus money or Made other cuts to pay for them, and DEMOCRATS Killed them all.) 9 I wont Raise taxes on people making Under 250,000 ---- fucking LIE. BULL SHIT 10The penalty in the Health care plan for not getting insurance is NOT A TAX The Obama admin is now arguing in Court the the bill is not unconstitutional Based on the FACT THAT IS IS A TAX. 11 and now this latest one, This bill assures you will never have to bail anyone out again. ----- STRAIGHT UP LIE. I am sure i missed some, He lies all the time, and uses fear, but I was just listing the ones I consider major lies.