Barack Obama, our next President

Full story: Hampton Roads Daily Press

"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 ...
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sonicfilter

Indianapolis, IN

#958938 Aug 3, 2013
LoisLane59 wrote:
I believe it was RealDave last night who pointed out that Gramm, Leach and Bliley were all Republicans.
It wasn't the act itself that was the problem. It was passed by an overwhelming majority in both parties.
It was the lack of oversight once it was passed. Bill Clinton admitted this years later.
It was also the pressure placed on banks by the Clinton administration to loosen lending standards when minorities and organizations like ACORN began complaining about "redlining" and loans being given to only rich white people.
Republicans weren't altogether innocent but at least they realized by 2004 that danger was ahead. Democrats were still trying to convince themselves and everyone else all was just fine.
Of course, all wasn't just fine.
If more Democrats had realized like Republicans that more oversight was needed back in 2004, the crisis could have been avoided.
As early as 2006, top advisers to Bush dismissed warnings from people inside and outside the White House that housing prices were inflated and that a foreclosure crisis was looming. And when the economy deteriorated, Bush and his team misdiagnosed the reasons and scope of the downturn. As recently as February, for example, Bush was still calling it a "rough patch."

The result was a series of piecemeal policy prescriptions that lagged behind the escalating crisis.

"There is no question we did not recognize the severity of the problems," said Al Hubbard, Bush's former chief economic adviser, who left the White House in December 2007. "Had we, we would have attacked them."

http://www.nytimes.com/2008/12/21/business/wo... ;

just take responsibility for voting for Bush. quit trying to blame everything that Bush screwed up on the democrats. it's not the way it happened and you know it.
sonicfilter

Indianapolis, IN

#958939 Aug 3, 2013
Is There an Antidote to the Republican Amnesia?
By Barney Frank

Memory eventually fails us all, but apparently the decline strikes one party far more than the other.

In recent weeks, my friends across the aisle have expended a lot of breath proclaiming that the Democrats caused the present financial crisis by failing to pass legislation to regulate financial services companies in the years 1995 through 2006.

There is only small one problem with this story -- throughout this entire period the Republicans were in complete charge of the House and for the most critical years they controlled the House, the Senate, and the Presidency.

In the House of Representatives, the majority party has almost unlimited power over the minority party. The majority party owns the committee chairmanships; it controls what bills come to a vote; and it is under no obligation to consider the ideas of the beleaguered minority. When the Republicans were in the majority they ruled with an iron first; it is no accident that Tom DeLay was known as "The Hammer."

That is why I find it particularly flattering the Republicans now claim that in the years 1995 to 2006 I personally possessed supernatural powers which enabled me to force mighty Republican leaders to do my bidding. Choose your comic book hero -- I was all of them.

I wish I had the power to force the Republican leadership to do my bidding! If I had had that power, I would have used it to block the impeachment of Bill Clinton, to stop the war in Iraq, to prevent large tax cuts for the extremely wealthy, and to stop government intervention into the private life of Terri Schiavo. Yet that power eluded me, and I was unable to stop those things.

According to the Republicans' misty memories of the period before 2007, I allegedly singlehandedly blocked their determined efforts to regulate Fannie Mae and Freddie Mac, and my supposed intransigence literally caused the worldwide financial crisis.

Fortunately, we have tools to aid memory -- pencil and paper, word processing, transcripts, newspapers, and the Congressional record. And as described in the most reputable published sources, in 2005 I in fact worked together with my Republican colleague Michael Oxley, then Chairman of the Financial Services Committee, to write a bill to increase regulation of Fannie Mae and Freddie Mac. We passed the bill out of committee with an overwhelming majority -- every Democrat voted in favor of the legislation. However, on the House floor the Republican leadership added a poison pill amendment, which would have prevented non-profit institutions with religious affiliations from receiving funds. I voted against the legislation in protest, though I continued to work with Mr. Oxley to encourage the Senate to pass a good bill. But these efforts were defeated because President Bush blocked further consideration of the legislation. In the words of Mr. Oxley, no flaming liberal, the Bush administration gave his efforts 'the one-finger salute.'

http://www.realclearpolitics.com/articles/200...
sonicfilter

Indianapolis, IN

#958940 Aug 3, 2013
The Republicans can claim some supposed successes despite my awesome power. In 1999 they passed the Gramm-Leach-Bliley Act, which overturned a Depression-era law preventing commercial banks from acting like investment banks. In 2000, they passed another bill which loosened regulation of derivative markets. I voted against these bills -- but to no avail.

Under Republican President George W. Bush, many federal agencies turned a blind eye to activities which would later precipitate the global financial meltdown. The Securities and Exchange Commission decided to allow the nation's largest financial institutions to "self-regulate;" the Federal Reserve under Alan Greenspan declined to use its power to regulate subprime mortgages; the Comptroller of the Currency decided to preempt state consumer laws on subprime mortgages.

Meanwhile, President Bush himself demanded that Fannie and Freddie increase the percentage of subprime loans they purchased, supposedly because of his belief in an "ownership society." Incidentally, increased lending to subprime borrowers would also fuel astronomical profits by the financial services industry. I publicly opposed giving mortgages to unqualified borrowers because I believed that some families are better off renting.

Yet somehow none of this was recorded in the Republican collective memory.

Forgotten too is the significant progress that was made after the 2006 elections, when the Republicans in Congress were repudiated by American voters.

Ironically, this is the period in which I and my Democratic colleagues actually did possess the magical power needed to make real change in Washington -- we became the majority party. In March 2007, just two months after I became the Chairman of the Financial Services Committee for the first time, I moved quickly to forge a bill which would regulate Fannie Mae and Freddie Mac. The bill passed the House in May, with all 223 Democrats voting for it, and 103 Republicans voting against it. President Bush later signed that legislation into law.

Later in 2007, I introduced legislation to restrict subprime mortgages. The bill passed the Financial Services Committee and the House, but it did not pass the Senate, where because of the filibuster rule, the Republican minority actually does have the power to hobble the majority. The bill passed the full House with all 227 Democrats and 64 Republicans voting for it, and 127 Republicans voting against.

Ironically, those Republicans who now attack me most viciously and whose memories are the most impaired were among those who voted against both bills.

Republicans also forget -- or do not understand -- that the present financial crisis has many fathers. The failure to pass any meaningful legislation before 2007 allowed unscrupulous actors to gorge themselves at the public's expense. Unregulated mortgage brokers sold subprime loans including the now infamous NINA (No Income No Assets). Major financial institutions packaged bad mortgages into securities and sold them as low-risk investments. Rating agencies gave stellar grades to toxic assets while being paid by the companies who stood to benefit from their actions. Insurance companies like AIG issued Credit Default Swaps which magically turned toxic assets into gold.

The executives of some of those institutions now seek bonuses for their fine work. Perhaps my Republican colleagues should ask for bonuses too.

http://www.realclearpolitics.com/articles/200...

Since: Jun 13

Orlando, FL

#958941 Aug 3, 2013
nanoanomaly wrote:
<quoted text>Talk about a coincidence! I was just watching this...
http://www.youtube.com/watch?v =P3hY1eagq88XX
...and I don't care much for Obama's "core set of values"; notice he didn't say "morals", just "values".
Wow! Reagan's speech interrupted with statements by Obama and Democrats emphasizing exactly the points he was making was pretty powerful.

Yes, Republicans didn't do enough as well - but spending and raising taxes were the doings by Democrats in Congress primarily reneging on promises of budget cuts under both the Reagan and Bush administrations in exchange for more spending and tax increases.

I'm just sick and tired of Democrats acting like they are totally blameless when they were the ones who broke the lamp even if some Republicans were also playing a little too rough. At least the majority of Republicans realized the lamp might break if they didn't settle down. The Democrats wouldn't hear of it. They broke it and couldn't blame the innocent party fast enough.

“Amor patriae.”

Since: Feb 08

Eastern Oregon

#958942 Aug 3, 2013
Death of Tenzing wrote:
<quoted text>
How has it "been deceptively manipulated down"?
You don't get out much, huh. Labor statistics show 9 million fewer participants in the the labor force than when Obama took office. If you can't extrapolate the effect this has on unemployment rates, you're hopeless.
We all know 9 million Americans haven't physically disappeared, so where are they? Even with this bureaucratic sleight of hand we have 7.5%(12% actual) unemployment overall, 41% among blacks, 99.99% among Obama voters.

Since: Jun 13

Orlando, FL

#958943 Aug 3, 2013
Death of Tenzing wrote:
<quoted text>
Block grants to States are still "the government taking our money involuntarily to give it back to us as they see fit."
Would you rather the federal government with all the wasteful spending and lack of oversight make your health care decisions for you - much less the IRS for cryin' out loud?

Or - if these programs are part of the landscape anyway - states decide and manage that money on a local level and on an as needed basis?

Which one would waste more money? Which one would manage it more effectively?

Any reasonable person would choose the states. But I know you like to argue. So go ahead and tell me why the federal government would manage our health care better and why that makes you smarter than me.
Fenris the Big Bad Wolf

United States

#958944 Aug 3, 2013
sonicfilter wrote:
Is There an Antidote to the Republican Amnesia?
By Barney Frank
Memory eventually fails us all, but apparently the decline strikes one party far more than the other.
In recent weeks, my friends across the aisle have expended a lot of breath proclaiming that the Democrats caused the present financial crisis by failing to pass legislation to regulate financial services companies in the years 1995 through 2006.
There is only small one problem with this story -- throughout this entire period the Republicans were in complete charge of the House and for the most critical years they controlled the House, the Senate, and the Presidency.
In the House of Representatives, the majority party has almost unlimited power over the minority party. The majority party owns the committee chairmanships; it controls what bills come to a vote; and it is under no obligation to consider the ideas of the beleaguered minority. When the Republicans were in the majority they ruled with an iron first; it is no accident that Tom DeLay was known as "The Hammer."
That is why I find it particularly flattering the Republicans now claim that in the years 1995 to 2006 I personally possessed supernatural powers which enabled me to force mighty Republican leaders to do my bidding. Choose your comic book hero -- I was all of them.
I wish I had the power to force the Republican leadership to do my bidding! If I had had that power, I would have used it to block the impeachment of Bill Clinton, to stop the war in Iraq, to prevent large tax cuts for the extremely wealthy, and to stop government intervention into the private life of Terri Schiavo. Yet that power eluded me, and I was unable to stop those things.
According to the Republicans' misty memories of the period before 2007, I allegedly singlehandedly blocked their determined efforts to regulate Fannie Mae and Freddie Mac, and my supposed intransigence literally caused the worldwide financial crisis.
Fortunately, we have tools to aid memory -- pencil and paper, word processing, transcripts, newspapers, and the Congressional record. And as described in the most reputable published sources, in 2005 I in fact worked together with my Republican colleague Michael Oxley, then Chairman of the Financial Services Committee, to write a bill to increase regulation of Fannie Mae and Freddie Mac. We passed the bill out of committee with an overwhelming majority -- every Democrat voted in favor of the legislation. However, on the House floor the Republican leadership added a poison pill amendment, which would have prevented non-profit institutions with religious affiliations from receiving funds. I voted against the legislation in protest, though I continued to work with Mr. Oxley to encourage the Senate to pass a good bill. But these efforts were defeated because President Bush blocked further consideration of the legislation. In the words of Mr. Oxley, no flaming liberal, the Bush administration gave his efforts 'the one-finger salute.'
http://www.realclearpolitics.com/articles/200...
Great link, injun joe!

Yeah, barney Phag had all the answers in the Dodd-Frank act; it really worked well. He (along with the negro caucus) will bankrupt the nation, and then s s s s s s s ssuuuuuuuuuck your uncircumcised wankie into submission......
Fenris the Big Bad Wolf

United States

#958945 Aug 3, 2013
Death of Tenzing wrote:
Adam Kokesh has made his point:
He's currently being held without bail for openly carrying a shotgun in D.C. He's also facing drug possession charges resulting from a SWAT raid on his home.
So, he hasn't committed any crimes agains property or persons but is being held with no recourse for not committing any crimes against property or persons.
He has made his point.
PS: In searching news articles about him I saw him frequently described as a "pro-gun" activist. That's incorrect, Kokesh is a civil rights activist making personal sacrifices for our rights in the tradition of the likes of MLK and Edward Snowden.
PPS: Kokesh is a decorated veteran of the Iraq War thus demonstrating how grateful our government is for his service in executing their policy.
Anyone going by the tag of "professional activist" is generally a waste of space. DC is a ghetto shthole doomed to failure like Detroit, and its goofy anti-gun antics will NEVER spread beyond similar retarded urbanity. A better way to make statement is to live your life safely and without rabble-rousing (all the while maintaining your Constitutional right to self defense)....
Fenris the Big Bad Wolf

United States

#958946 Aug 3, 2013
RealDave wrote:
<quoted text>
Republicans like you play this childish game of "I know you are but what am I"
We all know the hate comes from the far right. You must hate gays as you bar their right to marry. You hate blacks as evident from the Republican effort to deny them their vote. You hate women as you can't even support equal pay for equal work or support birth control through health insurance.
Democrats & those on the left support equal rights for all.
Actually, we just hate retarded phags like you (and NOT actual mentally-retarded or gay people). There is nothing worse on the planet than you and your ilk....
LCN Llin

United States

#958947 Aug 3, 2013
LoisLane59 wrote:
<quoted text>
Fudging the numbers so people won't panic. The latest BLS jobs report for July also mentioned that "a large state" hadn't reported its numbers. That alone would alter the overall results.
No one blames Obama for the skyrocketing unemployment after the bottom fell out. We do blame him for not placing blame where it rightly belonged - with both parties - but especially his own party where F&F were concerned and urging banks to loosen lending standards to unqualified buyers.
Did you know 1 out of 4 people between the ages of 18 and 31 are still living with their parents - 5 years after Obama took office and after numerous failed attempts to stimulate the economy?
That's one statistic that isn't fudged and speaks reams about the real state of the economy.
How long is it supposed to take? And how can it possibly get better when Obamacare is making things worse?
upset again with the president.
oh no
Say it ain't so
LOL
Fenris the Big Bad Wolf

United States

#958948 Aug 3, 2013
RealDave wrote:
<quoted text> Yep, what would happen if these ignorant, racist, bigoted dumbasses get political power. If Tea Party would have win in 2008, we would be in a deep depression as you idiots would have cut spending to match income.
"would have win"??

You're a real genius, lawn jockey...
LCN Llin

United States

#958949 Aug 3, 2013
LoisLane59 wrote:
<quoted text>
Would you rather the federal government with all the wasteful spending and lack of oversight make your health care decisions for you - much less the IRS for cryin' out loud?
Or - if these programs are part of the landscape anyway - states decide and manage that money on a local level and on an as needed basis?
Which one would waste more money? Which one would manage it more effectively?
Any reasonable person would choose the states. But I know you like to argue. So go ahead and tell me why the federal government would manage our health care better and why that makes you smarter than me.
If what the President does makes you mad,
President Obama must be doing something right! ;-)
-
For five years President Obama has be President of the United States and you my dear,
have been typing.
Who says there is no justice in this world
Fenris the Big Bad Wolf

United States

#958950 Aug 3, 2013
Yeah wrote:
<quoted text>lol! That's tricky rick!
Stay in the Hawaiian chinaman kitchen where you can do some good, Donger!! We need food!!
tell_it_like_it_ IS

United States

#958951 Aug 3, 2013
Rep Rangel...and Crackers...

Caught using....

Beautiful words to discribe the Tea Party...

http://livewire.talkingpointsmemo.com/entry/c...
Fenris the Big Bad Wolf

United States

#958952 Aug 3, 2013
LCN Llin wrote:
<quoted text>
upset again with the president.
oh no
Say it ain't so
LOL
Pipe down little gayboy; this is the manly hour. We'll cue you when its time for guttersnipe commentary....

Since: Jun 13

Orlando, FL

#958953 Aug 3, 2013
sonicfilter wrote:
<quoted text>
As early as 2006, top advisers to Bush dismissed warnings from people inside and outside the White House that housing prices were inflated and that a foreclosure crisis was looming. And when the economy deteriorated, Bush and his team misdiagnosed the reasons and scope of the downturn. As recently as February, for example, Bush was still calling it a "rough patch."
The result was a series of piecemeal policy prescriptions that lagged behind the escalating crisis.
"There is no question we did not recognize the severity of the problems," said Al Hubbard, Bush's former chief economic adviser, who left the White House in December 2007. "Had we, we would have attacked them."
http://www.nytimes.com/2008/12/21/business/wo... ;
just take responsibility for voting for Bush. quit trying to blame everything that Bush screwed up on the democrats. it's not the way it happened and you know it.
You left this part out.

"There are plenty of culprits, like lenders who peddled easy credit, consumers who took on mortgages they could not afford and Wall Street chieftains who loaded up on mortgage-backed securities without regard to the risk.

"Bush did foresee the danger posed by Fannie Mae and Freddie Mac, the government-sponsored mortgage finance giants. The president spent years pushing a recalcitrant Congress to toughen regulation of the companies..."

Then there's this WSJ article regarding the Senate Banking Committee introducing a bill in 2005 to oversee the housing lending standards.

"In light of the current financial crisis, this bill was probably the most important piece of financial regulation before Congress in 2005 and 2006. All the Republicans on the Committee supported the bill, and all the Democrats voted against it.

"If the Democrats had let the 2005 legislation come to a vote, the huge growth in the subprime and Alt-A loan portfolios of Fannie and Freddie could not have occurred, and the scale of the financial meltdown would have been substantially less."

http://online.wsj.com/article/SB1222129488114...

Then there's the Congressional hearings in 2004 to rein in Frank Raines and Fannie and Freddie.



If you haven't figured out by now it's only the Democrats who blame Republicans - loudly, often and conspicuously - without a hint of reflecting on their role, you're probably too gullible.
Fenris the Big Bad Wolf

United States

#958954 Aug 3, 2013
OK leftist phags, its time for the morning edition of "learnin ta spell wit jeantel".

The word for this morning is "Bofum".

Now lets have lil rachel use it in a sentence:

"ma couz cleo mix up two purple dranks and offer me one, but I says "ah want bofum".....
Tits Magee

Paris, France

#958955 Aug 3, 2013
Fenris the Big Bad Wolf wrote:
<quoted text>
"would have win"??
You're a real genius, lawn jockey...
"A better way to make statement?" You're in good company garbageman.
Fenris the Big Bad Wolf

United States

#958956 Aug 3, 2013
Poor Injun Joe Sonic!! He may just drink himself to death there on the res......

Post-Zimmerman: CNN Viewership Drops 32%, HLN 50%
501 1 62

by John Nolte 3 Aug 2013, 6:19 AM PDT

Considering their previous lows, both CNN and HLN enjoyed respectable viewer gains in the month of July, but the latest ratings that look at a full week of post-Zimmerman trial viewership shows that both networks might be falling back to earth. TV Newser reports that last week, CNN saw its viewership plummet -32%. HLN fared even worse with a -50% drop-off.

Fox News, however, continues to dominate its cable news competition. In all of cable, Fox beat CNN and MSNBC combined during primetime and ranked 4th in total primetime viewers, behind only the USA Network, TNT, and the History Channel.

In total day viewers, Fox News ranked 5th in all of cable.
Fenris the Big Bad Wolf

United States

#958957 Aug 3, 2013
Oh, those crazy negroes are at it again!!

Teen With Muscular Dystrophy Beaten, Robbed & Dumped Over Hill
August 1, 2013 11:57 PM

Reporting Brenda Waters

PITTSBURGH (KDKA)— Beaten, robbed and tossed over a hillside like a bag of trash, that’s how an angry father describes what happened to his 15-year-old son. And the attacker, he says, is the boy’s best friend.

The victim, Allan Littlejohn, 15, has a form of muscular dystrophy. His father, also named Allan, says his son wears braces on his legs, walks with a limp, and has poor balance.

The teen’s father told KDKA’s Brenda Waters his son’s friend, a 16-year-old, called him Tuesday night, asking him to go to the store. That was around 10:30 p.m. At some point, something went terribly wrong and the friend turned on him, his father said.

Nearly 24 hours later, on Wednesday at 9:30 p.m., the teen was found crawling up a steep hill at Grandview Park on Mount Washington.

“I went looking for him, I filed a missing [person's] police report. I went in to the kid’s house and asked him where he was at and he said he didn’t know anything, and then my son, they called me, they said he crawled out of the park,” he said.

The victim’s father says his son’s best friend of three years is responsible for the beating, resulting in a concussion and bleeding of the ears and nose.

“He grabbed my son by the neck, choked him out, stepped on his face, robbed him, stabbed him in the neck, took his cellphone so he couldn’t call for help. He was in Grandview Park, took him and threw him over the hill,” he said.“He was 21 feet down.”

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