Barack Obama, our next President

"The road ahead will be long. Our climb will be steep," Obama cautioned. Young and charismatic but with little experience on the national level, Obama smashed through racial barriers and easily defeated ... Full Story
Yeah

Honolulu, HI

#932552 Jun 26, 2013
fetch almighty wrote:
<quoted text>Your article omits to mention that a stricter version of the 1977 CRA was enacted by Bill Clinton in 1995. This renewed and toughened CRA gave federal regulators the authority to severely curtail the activities of a bank if the bank fails to follow this act. The next tightening step occurred in 1999, when Bill Clinton signed into law the Gramm-Leach-Bliley Act which further expanded the reach of the CRA. From 1995 to 2004 it is a mere 9 years. A large majority of the subprime loans was granted under APR mortgage terms. That is, a very low interest rate is offered for the first five years of the loan. After these five years, the interest rate is no longer fixed and rises sharply. The inital low interest rate was necessary for the banks to sell enough subprime loans and not get criminalized under the CRA. The house owners usually get in trouble when the interest rate rises and they can no longer afford the loan. Therefore, there was a five-year lag after the introduction of the tightened CRA before the first problems started to appear. Furthermore, new loans were granted over many years, and the remaining four years after subtracting the lag do not appear that long anymore. When the tightened 1995 CRA by Bill Clinton is considered, the notion that the CRA is the root cause of the subprime mortgage crisis no longer appears silly.
Next, the article claims
... that 50% of subprime loans were made by mortgage service companies not subject comprehensive federal supervision and another 30% were made by affiliates of banks or thrifts which are not subject to routine supervision or examinations.
Please consider the exact wording. No comprehensive federal supervision. Does this mean that the CRA law still applies and is just not supervised and enforced? What about the banks and thrifts which are not subject to routine supervision or examinations? Do they act unlawfully just because of a lack of supervision? Is this the path recommended by the author? First, the text of the CRA applies to all regulated financial institutions - these are banks, insurance companies and their subsidiaries.
Second, please note that no real statistics are provided.
"Stricter version?"

WTH does that mean?

He created a new law without Congress?!?!?!

Sheesh! Cons are idiots.

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LCN Llin

United States

#932553 Jun 26, 2013
Buroc Millhouse Obama wrote:
<quoted text>
Wrong, libtard. It makes all of us disappointed, but considering oBOZO is president, this is not surprising.
Notice, the left stopped talking about hopey/changey a long time ago. Now we are in the era of mediocrity, thanks to morons like you.
Carol can answer for herself

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Since: Sep 10

Location hidden

#932554 Jun 26, 2013
fetch almighty wrote:
<quoted text>Dick Durbin (D Walgreens) announces that the Great Lakes are evaporating at an alarming rate. However they are exactly the same as last year. And now as of today the Chicago area has flooded again. The last flood was less than two months ago. I don't know how Dick is keeping all that rain out of Lake Michigan.
Lookie!! Another flat earth idiot!! Thanks in advance for saying truly ignorant stuff!! LOL

January 2013 was the lowest levels recorded-ever. So much for your stupidity about it being the same as last year.

----------

http://www.nytimes.com/2013/06/11/us/great-la...

"Water Levels Fall in Great Lakes, Taking a Toll on Shipping"

"Drought and other factors have created historically low water marks for the Great Lakes, putting the $34 billion Great Lakes-St. Lawrence Seaway shipping industry in peril, a situation that could send ominous ripples throughout the economy.

Water levels in the Great Lakes have been below their long-term averages during the past 14 years, and this winter the water in Lakes Michigan and Huron, the hardest-hit lakes, dropped to record lows, according to the Army Corps of Engineers. Keith Kompoltowicz, the chief of watershed hydrology with the corps’s Detroit district, said that in January “the monthly mean was the lowest ever recorded, going back to 1918.”

While spring rains have helped so far this year, levels in all five Great Lakes are still low by historical standards, so getting through the shallow points in harbors and channels is a tense affair."

----------

It's so easy to prove your ignorance. Like shooting fish in a barrel.

You must be related to Carol, only she says such idiotic stuff that can be so easily disproven.

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Jane Says

New York, NY

#932555 Jun 26, 2013
from the Canadians with love:

Obama in Berlin: Self-indulgent mush masquerades as leadership

The Obama presidency has always depended heavily on one bedrock notion - that Barack Obama’s oratory brilliance is so exceptional that he can essentially govern the people just by giving great speeches.

It seems OBAMA'S ANSWER TO EVERY SIGNIFICANT ISSUE IS A “MAJOR SPEECH,” PROMOTED WITH MUCH FANFARE AND USUALLY COVERED WITH FAWNING ADMIRATION BY THE ADORING MEDIA.

Some of us noticed a long time ago that there is a pretty serious flaw in this proposition: Obama is actually not that good an orator.

OBAMA'S SPEECHES ARE HEAVY IN SELF-REGARD AND LIGHT IN SUBSTANCE.

He is so impressed by his turn of a phrase that he has a tendency to put words together that, when read in the cold light of day, sound completely ABSURD.

Even his fabled delivery was never all that.

DRIPPING WITH SMUG DISMISSIVENESS of anyone who doesn’t immediately embrace his greatness, his tone generated whoops of enthusiasm when delivered to the faithful on the campaign trail - but try that CRAP with other world leaders on the global stage, and you just come off as a preening adolescent who still can’t get enough of letting you know that he’s president and you’re not.

George Will calls out one of the most egregious examples to date, offered a few days ago in Berlin, which is certainly the site of some far superior addresses by American presidents past:

Regarding another threat, he spoke an almost MEANINGLESS SENTENCE that is an exquisite example of why his rhetoric cannot withstand close reading:“We may strike blows against terrorist networks, but if we ignore the instability and intolerance that fuels extremism, our own freedom will eventually be endangered.”

So,“instability and intolerance” are to blame for terrorism? Instability where?
Intolerance of what by whom “fuels” terrorists? Terrorism is a tactic of destabilization. Intolerance is, for terrorists, a virtue.

It is axiomatic: Arms control is impossible until it is unimportant. This is because arms control is an arena of competition in which nations negotiate only those limits that advance their interests.

Nevertheless, Obama trotted out another golden oldie in Berlin when he vowed to resuscitate the cadaver of nuclear arms control with Russia. As though Russia’s arsenal is a pressing problem. And as though there is reason to think President Vladimir Putin, who calls the Soviet Union’s collapse “the greatest geopolitical catastrophe of the century,” is interested in reducing the arsenal that is the basis of his otherwise Third World country’s claim to great-power status.

Shifting his strange focus from Russia’s nuclear weapons, Obama said “we can…reject the nuclear weaponization that North Korea and Iran may be seeking.”

Were Obama given to saying such stuff off the cuff, this would be a good reason for handcuffing him to a teleprompter. But, amazingly, such stuff is put on his teleprompter and, even more amazing, he reads it aloud.

You read this stuff, and you sort of shake your head and wonder why Obama goes on international trips at all - if he has nothing more worthwhile than this to say.

http://canadafreepress.com/index.php/article/...

“Come Home America!”

Since: Nov 11

Claymont, Delaware 19809

#932556 Jun 26, 2013
Aunt Bettie Lou wrote:
<quoted text>
LONDON (AP)-- Disappointing U.S. economic growth figures failed to alter the mood in financial markets Wednesday which has seen most stocks eke out solid gains for the second day running.
Despite signs that the recent correction in stock markets may have stabilized, investors remain cautious.
"It still feels as if markets are simply looking to catch their breath after all the excitement of the past week, and so it is perhaps unwise to suggest that two days of positive trading make a trend," said Chris Beauchamp, market analyst at IG.
http://hosted.ap.org/dynamic/stories/W/WORLD_...
I'd take his advise if I were you, Homer. Let's wait to bring out the cake in another month or so before we celebrate - or after the Feds completely stop the printing presses this time next year.
Did you notice that the Stock Market response to President Barack Obama's new Climate speech that pledged greater American activism and leadership on addressing climate change was to achieve steady ,positive gains? This is the kind of American leadership and climate activism that the world has been waiting for!
Aunt Bettie Lou

Orlando, FL

#932557 Jun 26, 2013
Yeah wrote:
<quoted text>lol! You finally got it right about CRA being created under Carter, son.
Good for you! hooray!
Maybe if you could keep up you'd know everything I've said about the CRA is Clinton and the Democrats expanding it to force banks into providing more subprime mortgages than at any other time - even since Carter's screw up in creating the dang thing in the first place.

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Whatever

Gering, NE

#932558 Jun 26, 2013
LCN Llin wrote:
<quoted text>
"Disappointing U.S. economic growth figures>.." make carol happy,
LOL
That was dumb.

Just pointing out that four years after the recession ended the economy still is dragging along.

Since: Sep 10

Location hidden

#932559 Jun 26, 2013
Aunt Bettie Lou wrote:
<quoted text>
LONDON (AP)-- Disappointing U.S. economic growth figures failed to alter the mood in financial markets Wednesday which has seen most stocks eke out solid gains for the second day running.
Despite signs that the recent correction in stock markets may have stabilized, investors remain cautious.
"It still feels as if markets are simply looking to catch their breath after all the excitement of the past week, and so it is perhaps unwise to suggest that two days of positive trading make a trend," said Chris Beauchamp, market analyst at IG.
http://hosted.ap.org/dynamic/stories/W/WORLD_...
I'd take his advise if I were you, Homer. Let's wait to bring out the cake in another month or so before we celebrate - or after the Feds completely stop the printing presses this time next year.
This is too funny. Markets up over 100% since Obama took office, yet Carol says we need more tiime to determine what's going on!!

Ain't no cure for that sort of ignorance.

Now we have Carol, the poverty case, talking like a market maven.

News for Carol. They don't sell stocks in thrift shoppes.

HAHAHAHAHA

Funny how the wingnuts who all claimed they bought gold when Glenn Beck was hawking Goldline have gone completely silent.

Just as Carol hasn't said a word about O'Reilly supporting the immigration bill in the Senate.

Why is that??
Yeah

Honolulu, HI

#932560 Jun 26, 2013
Jane Says wrote:
<quoted text>that explains the huge crowd of Obama worshippers in Germany last week and how well the economy is doing and how the world is much more stable since Obama won the peace prize. Oh and last but not least, the fact that Obama got caught whispering/promising sweetly to the Russians in 2012 how he'd have "more flexibility after the election," is working out real well for the U.S., right?
As opposed to Romney?

Absolutely.

“fairtax.org”

Since: Dec 08

gauley bridge wv

#932561 Jun 26, 2013
frontporchreactionary wrote:
<quoted text>Communist China already has 'listened'.
Horse squeeze!!!
Jane Says

New York, NY

#932562 Jun 26, 2013
From Canada with love:

Obama in Berlin: Self-indulgent mush masquerades as leadership

Remember how Obama and other Democrats decried that George W. Bush was “alienating” our allies with his supposed go-it-alone cowboy-ness?

What Bush was doing was pursuing a serious agenda in the service of American interests. Some of our allies liked it more than others did.

Our adversaries didn’t like it much at all.

When Bush went abroad to deal with foreign leaders the reception was not always great because there were difficult issues being dealt with. That is how it goes with serious leaders.

WHAT EXACTLY IS OBAMA DEALING WITH?

* Trying to revive the notion of “arms control” negotiations with the Russians as if it were 1979 again?

* Continuing to push the fairy tale that global warming is the “greatest global threat of our time”?

*Vladimir Putin must be astounded at his luck that the American electorate put this EMPTY SUIT in the White House, not once but twice.

Obama still appears sold on the notion that he can lead the nation - maybe even lead the world - with brilliant speeches. NO MATTER HOW NONSENSICAL HIS WORDS, all he has to do is say them skillfully enough, and he can not only keep Americans buying it but somehow do the same to the likes of Putin, Merkel and Cameron.

That, I guess, gives him the heft he needs to SLASH AMERICA’S ARSENAL AND FUNNEL THE MONEY INTO MORE SCHEMES TO CREATE A PERMANENT CLASS OF GOVERNMENT-DEPENDENT HOPEANDCHANGE VOTERS.

Raise your hand if you’ve noticed that Obama’s speeches are terrible and what HE SAYS MAKES NO SENSE WHATSOEVER. In his mind, Putin is raising his hand, but he doesn’t want to help you figure it out. It’s in his interests to have you to keep buying it.

http://canadafreepress.com/index.php/article/...

“Come Home America!”

Since: Nov 11

Claymont, Delaware 19809

#932563 Jun 26, 2013
Whatever wrote:
<quoted text>
Lieberman was a Dem primaried out of party by idiot Progressives who won seat again as Ind. and caucus with Dems.
As usual you just post whatever fits your tale.
No, Joe Lieberman was a registered Republican before he switched party affiliation status to 'Independent'.The GOP's own turning away from and hostility towards moderate ,'RINO' conservatives forced many honest, progressive conservatives to flee the GOP.
sonicfilter

Fishers, IN

#932564 Jun 26, 2013
fetch almighty wrote:
<quoted text>Your article omits to mention that a stricter version of the 1977 CRA was enacted by Bill Clinton in 1995. This renewed and toughened CRA gave federal regulators the authority to severely curtail the activities of a bank if the bank fails to follow this act. The next tightening step occurred in 1999, when Bill Clinton signed into law the Gramm-Leach-Bliley Act which further expanded the reach of the CRA. From 1995 to 2004 it is a mere 9 years. A large majority of the subprime loans was granted under APR mortgage terms. That is, a very low interest rate is offered for the first five years of the loan. After these five years, the interest rate is no longer fixed and rises sharply. The inital low interest rate was necessary for the banks to sell enough subprime loans and not get criminalized under the CRA. The house owners usually get in trouble when the interest rate rises and they can no longer afford the loan. Therefore, there was a five-year lag after the introduction of the tightened CRA before the first problems started to appear. Furthermore, new loans were granted over many years, and the remaining four years after subtracting the lag do not appear that long anymore. When the tightened 1995 CRA by Bill Clinton is considered, the notion that the CRA is the root cause of the subprime mortgage crisis no longer appears silly.
Next, the article claims
... that 50% of subprime loans were made by mortgage service companies not subject comprehensive federal supervision and another 30% were made by affiliates of banks or thrifts which are not subject to routine supervision or examinations.
Please consider the exact wording. No comprehensive federal supervision. Does this mean that the CRA law still applies and is just not supervised and enforced? What about the banks and thrifts which are not subject to routine supervision or examinations? Do they act unlawfully just because of a lack of supervision? Is this the path recommended by the author? First, the text of the CRA applies to all regulated financial institutions - these are banks, insurance companies and their subsidiaries.
Second, please note that no real statistics are provided.
but....you can take your last statement and apply it to the right wing myth that CRA's caused the housing bubble to burst.

i'm not taking your 'explanation' as solid reasoning without something to back it up.

so i guess we're done.

Since: Sep 10

Location hidden

#932565 Jun 26, 2013
LCN Llin wrote:
<quoted text>
Carol can answer for herself
Just another of Waxturd's trolls.

Best to ignore the idiots. And he's got lots of idiots in the closet!! This happens to be one of the newer ones, burt equally ignorant. That's how you can always tell it's Waxturd.

It's the Obamaphobia..........
Whatever

Gering, NE

#932566 Jun 26, 2013
Nuculur option wrote:
<quoted text>
Lookie!! Another flat earth idiot!! Thanks in advance for saying truly ignorant stuff!! LOL
January 2013 was the lowest levels recorded-ever. So much for your stupidity about it being the same as last year.
----------
http://www.nytimes.com/2013/06/11/us/great-la...
"Water Levels Fall in Great Lakes, Taking a Toll on Shipping"
"Drought and other factors have created historically low water marks for the Great Lakes, putting the $34 billion Great Lakes-St. Lawrence Seaway shipping industry in peril, a situation that could send ominous ripples throughout the economy.
Water levels in the Great Lakes have been below their long-term averages during the past 14 years, and this winter the water in Lakes Michigan and Huron, the hardest-hit lakes, dropped to record lows, according to the Army Corps of Engineers. Keith Kompoltowicz, the chief of watershed hydrology with the corps’s Detroit district, said that in January “the monthly mean was the lowest ever recorded, going back to 1918.”
While spring rains have helped so far this year, levels in all five Great Lakes are still low by historical standards, so getting through the shallow points in harbors and channels is a tense affair."
----------
It's so easy to prove your ignorance. Like shooting fish in a barrel.
You must be related to Carol, only she says such idiotic stuff that can be so easily disproven.
What are you mumbling about?

Drought causes drop in Lake level

Rain is improving situation

Why are you claiming this is important in any way?
Yeah

Honolulu, HI

#932567 Jun 26, 2013
Aunt Bettie Lou wrote:
<quoted text>
Maybe if you could keep up you'd know everything I've said about the CRA is Clinton and the Democrats expanding it to force banks into providing more subprime mortgages than at any other time - even since Carter's screw up in creating the dang thing in the first place.
I know what you keep SAYING son.

That's the brainwashing you received but you just don't notice.

The banks and capitalists created subprimes. The government didn't create them and force the banks to fund them.

You're the one whose really screwed.

BTW, have you determined when they repealed CRA so you can make your case?
Whatever

Gering, NE

#932568 Jun 26, 2013
flack wrote:
<quoted text> You do realize the wording was 'legal marriage', right? Meaning only in the states where same-sex marriage is legal. Not that I care. My opinion is the government has no business in the marriage game. Government should have nothing to do with who marries whom!!!
I agree with the SCOTUS, it should be a state decision.
sonicfilter

Fishers, IN

#932569 Jun 26, 2013
Buroc Millhouse Obama wrote:
It looks like the liberals on the Supreme Court subverted Democracy again. First the rule California voters do not have the right to deny same sex marriage, but now they say it's up to the states.
Typical lawless Democrats in action. This SC is a circus act. Totally dysfunctional and not functioning as intended. They do not rule on law, they are nothing more than a political group now.
that was today.

yesterday the Court conservative had their go at subverting democracy. so quit complaining.

but it's nice to see yesterday's wingnut celebration cut short.

“equality for ALL means ALL”

Since: Jan 07

Fort Lauderdale FL

#932570 Jun 26, 2013
Nuculur option wrote:
<quoted text>
It was the House Republicans that made taxpayers pay for their defense of DOMA, dingbat!!
They lost. You lost. The Repugnant Party lost huge.
Freedom and equality for all Americans, as guarenteed by the Constitution WON!!
Scalia uses his Catholic upbringing to decide, and ignores the 14th Amendment.
He's much like you, dingbat!!
""AMENDMENT XIV
SECTION 1.
All persons born or naturalized in the United States, and subject to the jurisdiction thereof, are citizens of the United States and of the state wherein they reside. No state shall make or enforce any law which shall abridge the privileges or immunities of citizens of the United States; nor shall any state deprive any person of life, liberty, or property, without due process of law; nor deny to any person within its jurisdiction the equal protection of the laws."
----------
That is clear as a bell, except for hateful religious freaks like you.
Why do you hate the US Constitution??
bingo!
lily boca raton fl

Boca Raton, FL

#932571 Jun 26, 2013
LCN Llin wrote:
<quoted text>
"Disappointing U.S. economic growth figures>.." make carol happy,
LOL
She lost all her money in the stock market!!

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