WASHINGTON (CN) - Reverting to the Clinton Administration's policies on federalism, President Obama has admonished his departments and agencies not to steam-roll over states' rights without a sufficient legal basis, and has asked them to review all federal regulations in the last 10 years intended to preempt state law.
     Quoting U.S. Supreme Court Justice Brandeis, the president asserted that states have the privilege to try "novel social and economic experiments without risk to the rest of the country," and that the federal government should stay out of it without legal justification, which includes principles outlined in President Bill Clinton's Executive Order 13132.
     President George W. Bush's administration had scattered preemption provisions throughout federal regulations whether legally justified or not, often aiding businesses in getting around unfavorable state laws. Bush's agencies also included in some introductions to regulations that the agency planned to preempt state law, even when the federal regulation's having precedence over state laws actually was not part of the regulation.

Download Memorandum of May 20, 2009:
http://www.courthousenews.com/2009/05/28/LeadRegMay2609%20preemption.doc

The broad package of measures to be announced Monday includes $730 million from the stimulus plan that will immediately reduce small-business lending fees and increase the government guarantee on some Small Business Administration loans to 90 percent. The government also will take aggressive steps to boost bank liquidity with more than $10 billion aimed at unfreezing the secondary credit market, according to officials briefed on the plan who demanded anonymity to avoid pre-empting the president's announcement.

"It's a huge step in the right direction," Giovanni Coratolo, director of Small Business Policy at the U.S. Chamber of Commerce, said Saturday. "In this economy, having the least amount of risk for banks will incentivize banks to lend to small businesses. A lot of small businesses will benefit from this."

Obama will announce the new measures with Treasury Secretary Timothy Geithner at the White House.

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From:

http://news.yahoo.com/s/ap/20090315/ap_on_go_pr_wh/obama_small_businesses

A LOT of TALK HERE WITHOUT ANY KNOWLEDGE ON FACTS....GET SOME, read the bill.

http://www.docstoc.com/docs/3779438/HR-1-House-Stimulus-Package

OBAMA WILL STOP THIS GOP SUPPORTED DEREGULATION AND TAX DODGE DRAINING AMERICA.

===
FROM:
Tax Administration: Comparison of the Reported Tax Liabilities of Foreign- and U.S.-Controlled Corporations, 1998-2005
(GAO-08-957 July 24, 2008)


In 2005, 1/4 of ALL "large" U.S.-controlled corporations and 2/3 of ALL U.S.-controlled corporations reported NO TAX LIABILITY.
NONE!
(It defined large corporations as those with assets of at least $250 million or gross receipts of at least $50 million.)

Report highlight:
http://www.gao.gov/highlights/d08957high.pdf

===
FROM:
The President's Working Group on Financial Markets;
Policy Statement on Financial Market Developments


"The turmoil in financial markets clearly was triggered by a dramatic weakening of underwriting standards for US. subprime mortgages, beginning in late 2004 and extending into early 2007. But the loosening of credit standards and terms in the subprime market was symptomatic of a much broader erosion of market discipline on the standards and terms of loans to households and businesses."

Report:
http://www.ustreas.gov/press/releases/reports/pwgpolicystat emktturmoil_03122008.pdf

“We’re set up, unlike other states in the union, where it’s collectively Alaskans own the resources. So we share in the wealth when the development of these resources," Socialist Sarah told the New Yorkers Philip Gourevitch.

MCCAIN was a TREASONOUS COMMIE COLLABORATOR WITHIN DAYS, unlike the fairy tale he tells his sad gullible group, broadcasting ANTI-AMERICAN SPEW over CUBA.

Just cross-reference downing date (October 26, 1967) with his COMMIE BROADCASTS(November 09.1967). BOTH VERIFIED DATES.

WHAT ELSE DID JOHNNY DO AGAINST AMERICA EVEN BEFORE THIS NOVEMBER DATE, AND AFTER, THINGS WE DON'T KNOW ABOUT?

visit:

http://www.vietnamveteransagainstjohnmccain.com/

They have the OFFICIAL GOVERNMENT DECLASSIFIED RECORDS, obtained with the Freedom of Information Act in 1991, before John worked so hard to SEAL ALL POW/MIA FAMILIES RECORDS as 'secret', to hide his past.

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Maybe........Johnny can go BACK TO WORK, FOR HIS OLD COMMIE FRIENDS!