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

Since: Jun 13

Orlando, FL

#959827 Aug 5, 2013
Realtime wrote:
<quoted text>When his feet were held to the fire on his unsubstantiated remark, Woodward backtracked from his "regret" remark.
The old guy has become irrelevant and it's killing him.
According to Woodward, Gene Sperling, a senior White House official, had "been less than gracious and intimidating."

Woodward then received criticism from journalists and pundits - probably instigated by Sperling at Obama's behest.

It was only after Sperling sent Woodward an email apologizing for his overreaction did Woodward become more forgiving and toned down his criticism.

Woodward also made a point of saying he had had many disagreements with David Axelrod but Axelrod never said “You’re going to regret reaching a conclusion that we don’t like.”

(By the way, David Axelrod just created "scandals" about Obama's opponents. Obama won unopposed twice in the Illinois Senate and unopposed once in U.S. Senate after an alleged "nasty divorce" scandal by one opponent and an alleged "sex" scandal by another was smeared all over the newspapers.)

Don't you find those odds rather unusual? One candidate wins unopposed three times?
TSM

El Paso, TX

#959828 Aug 5, 2013
RealDave wrote:
<quoted text>
Galt slings more slurs.
Is that all you right whiners got?
RealDave I don’t think Obama’s been in a Black neighborhood since he’s been President sent Biden to the NAACP conference to address Black Issues!! Davy 95% of Blacks voted for Obama what does the Black community have to show for their Loyalty 14% unemployment among adults 40% among Youth … What’s Up?
shrimp_on_a_trea dmill

Oklahoma City, OK

#959829 Aug 5, 2013
Yeah wrote:
<quoted text>The article doesn't cover a thing about being the cause of the financial meltdown.
So it's really pointless.
Stick to scrubbing man balls....
That will give your life meaning!
Lily Boca Raton FL

Boca Raton, FL

#959830 Aug 5, 2013
Realtime wrote:
<quoted text>Maybe you should change your screen name to Pseudo__the name suits you to a T. Pretending to be something you're not!
What is she pretending to be? Pseudo Smart?

Meanwhile, the older Boston marathon bomber was looking up stuff on white supremacy and gun rights. Quel surpris!

Since: Aug 11

Location hidden

#959831 Aug 5, 2013
Realtime wrote:
<quoted text>Maybe you should change your screen name to Pseudo__the name suits you to a T. Pretending to be something you're not!
Maybe you should change your screen name since that is what a Modern Liberal is nothing more than a Bigot parading around calling themselve a Liberal when the is nothing Liberal about Modern Pseudo Liberalism who advocate big government involvement in the economical matters like the CRA was.

Classical Liberalism vs. Modern Liberalism and Modern Conservatism

http://www.ncpa.org/pub/classical-liberalism-...

Since: May 11

Hustontown, PA

#959832 Aug 5, 2013
Anthony W wrote:
<quoted text>I disagreed with this 2008 Fortune article and I still disagree now. Imagine, the government and its social engineering causing the collapse? No way Jose.
The CRA forces banks to make loans in poor communities, loans that banks may otherwise reject as financially unsound. Under the CRA, banks must convince a set of bureaucracies that they are not engaging in discrimination, a charge that the act encourages any CRA-recognized community group to bring forward. Otherwise, any merger or expansion the banks attempt will likely be denied. But what counts as discrimination?
According to one enforcement agency,“discrimination exists when a lender’s underwriting policies contain arbitrary or outdated criteria that effectively disqualify many urban or lower-income minority applicants.” Note that these “arbitrary or outdated criteria” include most of the essentials of responsible lending: income level, income verification, credit history and savings history–the very factors lenders are now being criticized for ignoring.
The government has promoted bad loans not just through the stick of the CRA but through the carrot of Fannie Mae and Freddie Mac, which purchase, securitize and guarantee loans made by lenders and whose debt is itself implicitly guaranteed by the federal government. This setup created an easy, artificial profit opportunity for lenders to wrap up bundles of subprime loans and sell them to a government-backed buyer whose primary mandate was to “promote homeownership,” not to apply sound lending standards.
Of course, lenders not only sold billions of dollars in suspect loans to Fannie Mae and Freddie Mac, contributing to their present debacle, they also retained some subprime loans themselves and sold others to Wall Street–leading to the huge banking losses we have been witnessing for months. Is this, then, a free market failure? Again, no.
In a free market, lending large amounts of money to low-income, low-credit borrowers with no down payment would quickly prove disastrous. But the Federal Reserve Board’s inflationary policy of artificially low interest rates made investing in subprime loans extraordinarily profitable.
http://www.forbes.com/2008/07/18/fannie-fredd...
Acorns anyone?
An opinion piece from the director of Ayn Rand. Please.
shrimp_on_a_trea dmill

Oklahoma City, OK

#959833 Aug 5, 2013
LCN Llin wrote:
<quoted text>
a favorite
The Democrats gave your life meaning....
And in return you cleaned a man's bsll sack!
Lily Boca Raton FL

Boca Raton, FL

#959834 Aug 5, 2013
Realtime wrote:
<quoted text>Is this post of yours written in some sort of code that only idiots can make sense out of?
She probably talks while holding her breath.

Claims she went to private school; I told her she needs to ask for a refund.

Since: Jun 13

Orlando, FL

#959835 Aug 5, 2013
Chicagoan by Birth wrote:
<quoted text>Talk about a clueless twit, you represent one very well, Petey? They aren't doing something, to get along you clueless twit, using your words. Congress was set up to be adversarial. Obamacare is.. the boondoggle. But you don't know that do you. It's also Communistic. Get a job Petey, you can use your family name, ought to open a few doors for you???
Isn't it a Marxist philosophy to sound centrist until you get elected and THEN abuse your power to achieve your objective?

Pretty sure that's right.
John Galt

Temecula, CA

#959836 Aug 5, 2013
Bernard Forand wrote:

Renée Martin pregnancy in Laconia N.H. was a wake up call to her and her husband Mark Willett both professionals with Health Care Insurance. Her present policy does not cover maternity!
Why not?
Yeah

Honolulu, HI

#959837 Aug 5, 2013
Anonymous of Indy wrote:
<quoted text>CRA did its you that has been spinning & deflecting nobody else and everybody is seeing it and I will post the article again that is clear as day along with the FRB link too about the CRA.
The Trillion-Dollar Bank Shakedown That Bodes Ill for Cities
Howard Husock
The Clinton administration has turned the Community Reinvestment Act, a once-obscure and lightly enforced banking regulation law, into one of the most powerful mandates shaping American cities—and, as Senate Banking Committee chairman Phil Gramm memorably put it, a vast extortion scheme against the nation's banks. Under its provisions, U.S. banks have committed nearly $1 trillion for inner-city and low-income mortgages and real estate development projects, most of it funneled through a nationwide network of left-wing community groups, intent, in some cases, on teaching their low-income clients that the financial system is their enemy and, implicitly, that government, rather than their own striving, is the key to their well-being.
Nevertheless, until recently, the CRA didn't matter all that much. During the seventies and eighties, CRA enforcement was perfunctory. Regulators asked banks to demonstrate that they were trying to reach their entire "assessment area" by advertising in minority-oriented newspapers or by sending their executives to serve on the boards of local community groups. The Clinton administration changed this state of affairs dramatically. Ignoring the sweeping transformation of the banking industry since the CRA was passed, the Clinton Treasury Department's 1995 regulations made getting a satisfactory CRA rating much harder. The new regulations de-emphasized subjective assessment measures in favor of strictly numerical ones. Bank examiners would use federal home-loan data, broken down by neighborhood, income group, and race, to rate banks on performance. There would be no more A's for effort. Only results—specific loans, specific levels of service—would count. Where and to whom have home loans been made? Have banks invested in all neighborhoods within their assessment area? Do they operate branches in those neighborhoods?
http://www.city-journal.org/html/10_1_the_tri...
"Red Lining or Red Herring?"
http://www.dallasfed.org/assets/documents/res...
It doesn't change your author's opinion 8 years later no matter what you claim.

Since: Jun 13

Orlando, FL

#959838 Aug 5, 2013
LCN Llin wrote:
<quoted text>
Loved the film.
"One cut of the film includes bloopers from a deleted scene, played during the closing credits: Sellers, lying on a gurney, tries in vain to recite the "message" given by the gang leader (one of the gang members is played by future Allman Brothers band bassist Oteil Burbridge), which includes quite a bit of swearing, with a straight face. Sellers ends up flubbing the lines and laughing instead"
http://en.wikipedia.org/wiki/Being_There
Visited the "Biltmore Estate"
Post more films
That was the funniest part of the entire movie to me - that blooper outtake of Sellers trying to get out that line without laughing at the end.
John Galt

Temecula, CA

#959839 Aug 5, 2013
RealDave wrote:
<quoted text>
Galt slings more slurs.
Is that all you right whiners got?
The FACTS are that Obama has increased racial polarization, has increased black unemployment, and has driven the black community further into poverty.

And it gets worse every day.

Think about that "slur" for a while.
Yeah

Honolulu, HI

#959840 Aug 5, 2013
Anonymous of Indy wrote:
<quoted text>another deflection.
You sure are.
Realtime

Deltona, FL

#959841 Aug 5, 2013
LoisLane59 wrote:
<quoted text>
According to Woodward, Gene Sperling, a senior White House official, had "been less than gracious and intimidating."
Woodward then received criticism from journalists and pundits - probably instigated by Sperling at Obama's behest.
It was only after Sperling sent Woodward an email apologizing for his overreaction did Woodward become more forgiving and toned down his criticism.
Woodward also made a point of saying he had had many disagreements with David Axelrod but Axelrod never said “You’re going to regret reaching a conclusion that we don’t like.”
(By the way, David Axelrod just created "scandals" about Obama's opponents. Obama won unopposed twice in the Illinois Senate and unopposed once in U.S. Senate after an alleged "nasty divorce" scandal by one opponent and an alleged "sex" scandal by another was smeared all over the newspapers.)
Don't you find those odds rather unusual? One candidate wins unopposed three times?
With my own eyes I watched Woodward backpedal. Book sales doll__no more no less. The guy is no longer relevant, he's on the outside looking in__an he wannabe-an he wannabe-back on the inside.

Catch my drift girl?
John Galt

Temecula, CA

#959842 Aug 5, 2013
Anonymous of Indy wrote:
<quoted text>again
The Federal Reserve Bank of Dallas had it right when it said—in a paper pointedly entitled "Red Lining or Red Herring?"—"the CRA may not be needed in today's financial environment to ensure all segments of our economy enjoy access to credit." True, some households—those with a history of credit problems, for instance, or those buying homes in neighborhoods where re-selling them might be difficult—may not qualify for loans at all, and some may have to pay higher interest rates, in reflection of higher risk. But higher rates in such situations are balanced by lower house prices. This is not a conspiracy against the poor; it's how markets measure risk and work to make credit available.
http://www.city-journal.org/html/10_1_the_tri...
People with a history of credit problems should remain renters.
Yeah

Honolulu, HI

#959843 Aug 5, 2013
shrimp_on_a_treadmill wrote:
<quoted text>
If CONS cannot believe the CRA caused the financial crisis then you cannot believe smoking dopes makes it ok to screw a mule!
If that's what you want to do, so be it son.

I have no control over your urges with mules.
Yeah

Honolulu, HI

#959844 Aug 5, 2013
shrimp_on_a_treadmill wrote:
<quoted text>
Stick to scrubbing man balls....
That will give your life meaning!
I don't want to take your job away.

after all, there's not much else you're good for son.
John Galt

Temecula, CA

#959845 Aug 5, 2013
LCN Llin wrote:
<quoted text>
Republicans are with President Obama and you are with teabaggers?
In an attempt to break through the political impasse in Egypt, U.S. Sens. John McCain and Lindsey Graham are expected to arrive in Cairo on Monday to meet with Egypt's interim leaders.
The two Republican senators will meet with interim President Adly Mansour, Defense Minister Gen. Abdel Fattah al-Sisi and interim Foreign Minister Nabil Fahmy, said Egyptian foreign affairs spokesman Badr Abdelatty.
McCain and Graham are making the trip at U.S. President Barack Obama's request.
McCain and Graham are Obama Quislings who want the US to invade Syria to support Al Qaeda.

Since: Jun 13

Orlando, FL

#959846 Aug 5, 2013
Death of Tenzing wrote:
<quoted text>
That's not sharecropping.
And your point is?

Thousands of slaves were already working the land General Sherman promised to them with forty acres and a mule.

President Andrew Jackson, a Democrat and the successor after Lincoln's death, revoked that promise and gave the land back to white slave owners.

Again, your point?

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