Over the past 8 years of the Bush administration, in addition to the staggering effects from the war in Iraq and the sorry state of our national economy and the financial atmosphere worldwide, President-elect Barack Obama and the people he appoints to key positions within his cabinet will definitely have their work cut out for them. The damage caused by the misguided and sometimes insane choices of the Bush administration have left a huge mess in almost every sector of government. With the loss of freedom and basic rights through the passing of things like the Patriot Act, United States citizens are eager to see things get turned around in the White House.
To address all of the frightful developments that have occurred over the past eight years, Obama’s team is working on its agenda. One issue that will eventually get addressed is the UIGEA. With so much opposition to the UIGEA, coming not only from industry insiders but also from financial leaders and other officials from within the Treasury and the Federal Reserve, surely the necessary changes will ultimately be made after Obama takes office. Since its beginnings, the UIGEA has received much criticism for being vague, confusing and ultimately unenforceable. Additionally, it has been labeled as a potential danger to the American banking system.

Many proponents of the UIGEA are pushing to get the last-minute details in order so that the regulations can be published and put into place before the end of the Bush term. Obama has made it very clear that he wants the Internet to be open and accessible for everyone. And he wants it free from censorship. The inevitable way to go in that vein of thinking is to get the UIGEA rules repealed.

Tags: obama, regulations, UIGEA

This entry was posted on Tuesday, November 11th, 2008 at 1:24 am and is filed under Online Casino, Online Gambling. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.