Barack Obama, our next President

Barack Obama, our next President

There are 1406588 comments on the Hampton Roads Daily Press story from Nov 5, 2008, titled Barack Obama, our next President. In it, Hampton Roads Daily Press reports that:

"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 ...

Join the discussion below, or Read more at Hampton Roads Daily Press.

Since: Jun 13

Orlando, FL

#987444 Sep 22, 2013
(continued...)

2004
•February: The President's FY05 Budget again highlights the risk posed by the explosive growth of the GSEs and their low levels of required capital and calls for creation of a new, world-class regulator: "The Administration has determined that the safety and soundness regulators of the housing GSEs lack sufficient power and stature to meet their responsibilities, and therefore … should be replaced with a new strengthened regulator." (2005 Budget Analytic Perspectives, pg. 83)

•February: Then-CEA Chairman Mankiw cautions Congress to "not take [the financial market's] strength for granted." Again, the call from the Administration was to reduce this risk by "ensuring that the housing GSEs are overseen by an effective regulator." (N. Gregory Mankiw, Op-Ed, "Keeping Fannie And Freddie's House In Order," Financial Times, 2/24/04)

•April: Rep. Frank ignores the warnings, accusing the Administration of creating an "artificial issue." At a speech to the Mortgage Bankers Association conference, Rep. Frank said "people tend to pay their mortgages. I don't think we are in any remote danger here. This focus on receivership, I think, is intended to create fears that aren't there." ("Frank: GSE Failure A Phony Issue," American Banker, 4/21/04)

•June: Then-Treasury Deputy Secretary Samuel Bodman spotlights the risk posed by the GSEs and calls for reform, saying "We do not have a world-class system of supervision of the housing government sponsored enterprises (GSEs), even though the importance of the housing financial system that the GSEs serve demands the best in supervision to ensure the long-term vitality of that system. Therefore, the Administration has called for a new, first class, regulatory supervisor for the three housing GSEs: Fannie Mae, Freddie Mac, and the Federal Home Loan Banking System." (Samuel Bodman, House Financial Services Subcommittee on Oversight and Investigations Testimony, 6/16/04)

2005
•April: Then-Secretary Snow repeats his call for GSE reform, saying "Events that have transpired since I testified before this Committee in 2003 reinforce concerns over the systemic risks posed by the GSEs and further highlight the need for real GSE reform to ensure that our housing finance system remains a strong and vibrant source of funding for expanding homeownership opportunities in America … Half-measures will only exacerbate the risks to our financial system." (Secretary John W. Snow, "Testimony Before The U.S. House Financial Services Committee," 4/13/05)

•July: Then-Minority Leader Harry Reid rejects legislation reforming GSEs, "while I favor improving oversight by our federal housing regulators to ensure safety and soundness, we cannot pass legislation that could limit Americans from owning homes and potentially harm our economy in the process." ("Dems Rip New Fannie Mae Regulatory Measure," United Press International, 7/28/05)

2007
•August: President Bush emphatically calls on Congress to pass a reform package for Fannie Mae and Freddie Mac, saying "first things first when it comes to those two institutions. Congress needs to get them reformed, get them streamlined, get them focused, and then I will consider other options." (President George W. Bush, Press Conference, the White House, 8/9/07)

•August: Senate Committee on Banking, Housing and Urban Affairs Chairman Christopher Dodd ignores the President's warnings and calls on him to "immediately reconsider his ill-advised" position.(Eric Dash, "Fannie Mae's Offer To Help Ease Credit Squeeze Is Rejected, As Critics Complain Of Opportunism," The New York Times, 8/11/07)
LCNLin

United States

#987445 Sep 22, 2013
LoisLane59 wrote:
<quoted text>
The problem is we have a self-absorbed leader who thinks he's supposed to be the winner in some kind of political game.
The winner is supposed to be the country and the people he serves.
And both sides are supposed to work together to be on the same team. A real leader makes that happen.
Obama always thinks it's his way or Republicans are responsible.
blame America first republicans,
Rule or ruin policies seem anti American to say the very least :-)
John Galt

Temecula, CA

#987446 Sep 22, 2013
Buy American or Drop Dead wrote:
<quoted text>
So what do consider a reasonable paycheck for a law enforcement officer who must face the reality that each day on the streets may be his last day on earth?
Considering that being a cop requires no special skills or education, any pay that they get above $40-50K is based entirely on their willingness to put their lives at risk. Cops in cities like Chicago rarely expose themselves to risk, preferring just to mop up after the animals kill each other.

Since: Jun 13

Orlando, FL

#987447 Sep 22, 2013
LCNLin wrote:
<quoted text>
Check mate !
Uh...you and sonic can stand your king back up.

An excerpt from Sonic's article:

"And so we've called upon Congress to set up what's called the American Dream Down Payment Fund, which will provide financial grants to local governments to help FIRST-TIME BUYERS WHO QUALIFY TO MAKE THE DOWN PAYMENT on their home. If a down payment is a problem, there's a way we can address that. And when Congress funds the program, this should help 200,000 new families over the next five years become first-time home buyers."

http://georgewbush-whitehouse.archives.gov/ne...

You both really have to be kidding me to compare a DOWN PAYMENT to QUALIFIED BUYERS with the Democrats' bad mortgage loan crisis to unqualified buyers on overpriced houses if they can just sign their name on the dotted line.

Since: Jun 13

Orlando, FL

#987448 Sep 22, 2013
I know too many words in one post stumps liberals and their little judge-its get frustrated and confused. So one at a time:

April 2001: The Administration's FY02 budget declares that the size of Fannie Mae and Freddie Mac is "a potential problem," because "financial trouble of a large GSE could cause strong repercussions in financial markets, affecting Federally insured entities and economic activity." (2002 Budget Analytic Perspectives, pg. 142)

“Gloria Ad Caput Venire”

Since: Jan 08

Trump 2016 and beyond

#987449 Sep 22, 2013
Buy American or Drop Dead wrote:
<quoted text>
So what do consider a reasonable paycheck for a law enforcement officer who must face the reality that each day on the streets may be his last day on earth?
Everybody faces the reality that each day on the streets may be his last day on earth. This risk assessment is pretty much equal right across the board for everybody who does anything.

Since: Jun 13

Orlando, FL

#987450 Sep 22, 2013
September 2004: Then-Treasury Secretary John Snow testifies before the House Financial Services Committee to recommend that Congress enact "legislation to create a new Federal agency to regulate and supervise the financial activities of our housing-related government sponsored enterprises" and set prudent and appropriate minimum capital adequacy requirements.

September 2003: Then-House Financial Services Committee Ranking Member Barney Frank (D-MA) strongly disagrees with the Administration's assessment, saying "these two entities – Fannie Mae and Freddie Mac – are not facing any kind of financial crisis … The more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing." (Stephen Labaton, "New Agency Proposed To Oversee Freddie Mac And Fannie Mae," The New York Times, 9/11/03)

Anyone see any discrepancies here?

Since: Jun 13

Orlando, FL

#987451 Sep 22, 2013
The problem is we have a self-absorbed leader who thinks he's supposed to be the winner in some kind of political game.

The winner is supposed to be the country and the people he serves.

Since: Aug 13

Bozeman, MT

#987452 Sep 22, 2013
Buy American or Drop Dead wrote:
<quoted text>
Such bs. Banks were making loans b/c they were making tons of cash on closing costs and interest payments. The riskier the loan, the higher interest rate they earned.
The Clinton Administration "went to ridiculous lengths to increase the national home ownership rate." They deliberately diminished lending standards "to push prices up by increasing demand."

Research a document called “The National Homeownership Strategy: Partners in the American Dream.”

The government inspired practice "led to waves of defaults by people who never should have bought a home in the first place."

http://www.businessweek.com/the_thread/hotpro...

Since: Aug 13

Bozeman, MT

#987453 Sep 22, 2013
John Galt wrote:
<quoted text>
Considering that being a cop requires no special skills or education
That may have been true 25 years ago. Now, not so much. Of course that depends on what you consider "special skills or education."
Yeah

Mililani, HI

#987454 Sep 22, 2013
Ray Donovan wrote:
<quoted text>
The Clinton Administration "went to ridiculous lengths to increase the national home ownership rate." They deliberately diminished lending standards "to push prices up by increasing demand."
Research a document called “The National Homeownership Strategy: Partners in the American Dream.”
The government inspired practice "led to waves of defaults by people who never should have bought a home in the first place."
http://www.businessweek.com/the_thread/hotpro...
lol! There's that crap again about reducing lending standards.
LCNLin

United States

#987457 Sep 22, 2013
Sen. Rand Paul conceded Saturday that congressional Republicans have little chance of stopping Obamacare.

“We probably can’t defeat or get rid of Obamacare,” the Kentucky senator told reporters at a gathering of Michigan Republicans, according to the Associated Press.
LCNLin

United States

#987458 Sep 22, 2013
LoisLane59 wrote:
The problem is we have a self-absorbed leader who thinks he's supposed to be the winner in some kind of political game.
The winner is supposed to be the country and the people he serves.
self-absorbed poster ?

Since: Nov 11

United States

#987463 Sep 22, 2013
Buy American or Drop Dead wrote:
<quoted text>Tell us again how socialistic Obamacare is when 45 million Americans currently rely upon the government run Medicaid and Medicare programs?
But Medicare and Medicaid does NOT control your life!!!

Since: Nov 11

United States

#987464 Sep 22, 2013
John Galt wrote:
<quoted text>...only if Republicans have the balls to stand up to the mob...

a government shutdown has zero effect on Conservatives...
CORRECT!!!

BINGO!

Only Liberal parasites will suffer!

Since: Nov 11

United States

#987465 Sep 22, 2013
Buy American or Drop Dead wrote:
<quoted text>So tell us how GW got into Yale with a C average coming out of Andover? Funny how the azz lickers of the blue blood old money WASPs who control the GOP like you never mention his fact.
It seems you had seen GW's college transcripts.

Had you seen Obama's?

See? Liberals are brain dead hypocrites.

Since: Nov 11

Naperville, IL

#987466 Sep 22, 2013
*** JUST IN ****

Kenya mall shooting Muslims used arms sent by Obama to Syrian rebels.

Since: Nov 11

United States

#987467 Sep 22, 2013
John Galt wrote:
<quoted text>those on Medicaid are freeloaders who are non-participants in the economy...

those on Medicare paid exorbitant taxes, against their will, to fund a system from which they will never see a financial return...

two completely different programs...
Liberals have no brains to see the difference!
John Galt

Temecula, CA

#987468 Sep 22, 2013
LCNLin wrote:
<quoted text>
blame America first republicans,
Rule or ruin policies seem anti American to say the very least :-)
Agreed.

ObamaKKKare is a ruinous policy.
John Galt

Temecula, CA

#987470 Sep 22, 2013
positronium wrote:
<quoted text>Everybody faces the reality that each day on the streets may be his last day on earth. This risk assessment is pretty much equal right across the board for everybody who does anything.
Laguna Beach motorcycle officer killed in traffic accident, first death of an on-duty officer since 1953. So, how dangerous is the job?

http://abclocal.go.com/kabc/story...

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