Barack Obama, our next President

Barack Obama, our next President

There are 1276633 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.

forks_make_us_fa t

Norman, OK

#1107015 Mar 31, 2014
Nothing to see here...and Al Gore is not a scientist...

"Nationally, according to data from the National Climatic Data Center, 2,071 record low temperatures have been set this month..."

http://www.usatoday.com/story/weather/2014/03...
PDUPONT

Belchertown, MA

#1107016 Mar 31, 2014
Incognito4Ever wrote:
<quoted text>
Another pawn made of solid wood is manipulated and expendable.
You're another ignorant fool who prefers fantasies to actual facts.
forks_make_us_fa t

Norman, OK

#1107017 Mar 31, 2014
Nothing to see here...and Al Gore is not a scientist...

'March also has been snowier than average in several locations, including Northern Virginia's Dulles International Airport, which recorded its snowiest winter since records began in 1963. Detroit has seen more than a foot of snow in March, almost double the average.'

http://www.usatoday.com/story/weather/2014/03...
TheIndependentMa jority

East Bernstadt, KY

#1107018 Mar 31, 2014
forks_make_us_fat wrote:
Signs the Progressive 'we will take the other guys money to pay for your insurance' economy is on fire!
SUBSIDIES!!!!!!!!
"So far, about 4 of every 5 people enrolling have qualified for tax credits to reduce the cost of their premiums."
http://www.cnbc.com/id/101530699
KEYSTONE!!!

(Northern continental America FOR America-not divide, whine and drain against it!!)
sonicfilter

Indianapolis, IN

#1107019 Mar 31, 2014
forks_make_us_fat wrote:
Signs the Progressive 'we will take the other guys money to pay for your insurance' economy is on fire!
SUBSIDIES!!!!!!!!
"So far, about 4 of every 5 people enrolling have qualified for tax credits to reduce the cost of their premiums."
http://www.cnbc.com/id/101530699
we've been subsidizing health care since Reagan.
forks_make_us_fa t

Norman, OK

#1107020 Mar 31, 2014
Remember children, they came here in peace...

already in jail....

"In 2013, ICE charged only 195,000, or 25 percent, out of 722,000 potentially deportable aliens they encountered. Most of these aliens came to ICE’s attention after incarceration for a LOCAL ARREST [emphasis added]."

http://dailycaller.com/2014/03/31/report-obam...
TheIndependentMa jority

East Bernstadt, KY

#1107021 Mar 31, 2014
forks_make_us_fat wrote:
Nothing to see here...and Al Gore is not a scientist...
"Nationally, according to data from the National Climatic Data Center, 2,071 record low temperatures have been set this month..."
http://www.usatoday.com/story/weather/2014/03...
Thank goodness!

Sane, rational and logical people-have a nice day. Deluded, clueless, toxic bawl warshing baggers, yew knows what yewz can do!
forks_make_us_fa t

Norman, OK

#1107022 Mar 31, 2014
PDUPONT wrote:
<quoted text>
No liar, the economy isn't "going south"; we've had some solid gains in jobs and GDP, no thanks to an obstructionist GOP controlled House.
The only way Russia will prompt a world war would be if we got into a military confrontation like the right wing loonies want us to do instead of economic sanctions.
Maybe if your hero George W Bush had paid more attention to Iran instead of falling for the fabrications of their agents like Ahmed Chalabi and giving them more influence in the area we wouldn't even be having this conversation.
Boogers Carol? Is that what you're calling facts these days?
Sanctions on Post WW I Germany gave us Hitler...
Whatever

Gering, NE

#1107023 Mar 31, 2014
sonicfilter wrote:
<quoted text>
so what's today's FOX supported right wing myth? anything new? or just Benghazi? talk about rote by the numbers.
Bwahahahaha!

“fairtax.org”

Since: Dec 08

gauley bridge wv

#1107024 Mar 31, 2014
How Bernanke's Fed Triggered the Great Recession
42 comments, 11 called-out Comment Now
Follow Comments
US Federal Reserve Chairman Ben Bernanke speak...
Image by AFP/Getty Images via @daylife

As usual, when Fed chairman Ben Bernanke testified before Congress this week not a single Congressman asked him why he deliberately and transparently triggered the Great Recession of 2007-2009, which was accompanied by a frightening financial crisis, gargantuan bailouts and huge fiscal deficits. Nor has Bernanke been held accountable for his culpability during previous Congressional testimony or during his press conferences. Committee members and financial journalists alike are ignorant of the evidence staring them in the face.

Bernanke typically is described as that rarest of combinations: a Republican yet also an Ivy League academic, a bureaucrat who’s nevertheless respectful of markets, an expert on the Great Depression yet aware of the Fed’s role in it, and above all a man supposedly wise enough to not let “it” happen again. Yet in 2008-2009 Bernanke did nearly let “it” happen again — a banking collapse, a depression, deflation — by bringing the U.S. financial system to its knees by roughly the same Fed policy adopted in the 1930s, followed by his blizzard of paper-money printing that has caused a dollar debasement unprecedented in U.S. history. The result has been a huge destruction of wealth, spreading fiscal chaos and stagflation as far as the eye can see.

How did Bernanke create this horrible morass? First, in 2006-2007 he deliberately inverted the Treasury yield curve, even while knowing it would cause a recession and credit-financial crisis. Second, he imposed on the reeling economy a $1.7 trillion flood of “quantitative easing”(QE), euphemistic for the hazardous policy of money-printing. His first policy caused economic stagnation, his second policy caused monetary inflation, and combined, his policies have generated “stagflation”— the corrosive mix last seen in the 1970s. It’s the direct opposite of the supply-side polices (pro-growth, sound-money) that made the 1980s and 1990s so prosperous.

How can we hold Bernanke accountable for this widespread mess? Consider first the economic stagnation. By training, Bernanke knew full well (and still knows) that an inverted Treasury yield curve — wherein the Fed deliberately keeps short-term interest rates above longer-term Treasury bond yields — invariably causes recessions and crises in the modern (fiat paper money) era.

He knows that an inverted yield curve severely and nearly instantly renders unprofitable most financial intermediation, which is the process of “borrowing short to lend long.” The normal case is for short-term borrowing yields to trade below long-term investment yields (an upward-sloped yield curve), which is profitable for credit intermediaries, given the positive yield margin. In contrast, the rarer case is for short-term rates to trade above long-term rates (an “inverted,” or downward-sloped yield curve), which is far less profitable or an outright loser for lenders, due to the negative yield margin.

Bernanke knows all of this — and far better than his clueless interrogators. In a 2004 speech titled “What Policymakers Can Learn from Asset Prices” Bernanke recounted the unassailable historic evidence that an inverted yield curve is invariably bearish with a reliable time lag of a year or so.“Various yield spreads have been found to be informative about the future course of the economy,” he said, and “some have exceptionally good forecasting track records,” especially “the slope of the yield curve,” which is “measured as the 10-year bond rate less the 3-month bill rate.” He conceded that “evidence for the predictive power of the slope of the yield curve” is abundant, and exists “for other industrialized countries as well as the U.S.”
forks_make_us_fa t

Norman, OK

#1107025 Mar 31, 2014
sonicfilter wrote:
<quoted text>
we've been subsidizing health care since Reagan.
"When did Medicaid and Medicare start?

Both were created when President Lyndon B. Johnson signed amendments to the Social Security Act on July 30, 1965. "

http://www.cnbc.com/id/43992654

“fairtax.org”

Since: Dec 08

gauley bridge wv

#1107026 Mar 31, 2014
As Bernanke acknowledged,“the slope of the Treasury yield curve” has been “recognized for some time as a useful indicator of cyclical conditions,” that it “has turned negative between two and six quarters before every U.S. recession since 1964,” that U.S. recessions invariably have “followed the inversion of the yield curve,” and that the yield curve “captures the stance of monetary policy.”
The latter concession means that the Fed can easily and deliberately invert the yield curve whenever it chooses, either with short-term rate hikes or passivity in the face of plunging bond yields. Likewise, the Fed also can always act to prevent an inverted yield curve – and thus also to prevent future recessions. Notably, the U.S. yield curve was inverted prior to all seven U.S. recessions in the past half-century and no recession occurred in that time without a prior inversion. That’s a perfect forecasting record. The Fed also inverted the yield curve prior to the 1929 stock-price crash and Great Depression in the 1930s. The only “criticism” the Fed got in subsequent decades was that it didn’t follow its punitive rate policy with massive money-printing.
The forecasting power of the Treasury yield curve certainly wasn’t discovered by Bernanke (that accolade goes to finance Professor Campbell Harvey of Duke University), but he’s long been aware of it — and well in advance of becoming Fed chairman in January 2006 — as have professional researchers at the Fed itself, who for years have devoted an entire web-site to the accumulation of the empirical evidence (“The Yield Curve as a Leading Indicator”). Among key findings is that deeper and longer yield-curve inversions tend to precede deeper and longer recessions. In short, the Fed knows the harm it can do – and does it anyway.
There’s no longer any excuse for ignorance of such facts. Although Bernanke knew the power of the yield curve, he and his colleagues deliberately inverted it in 2006-2007, ostensibly to “fight inflation” by slowing the economy’s growth (which is nothing but the Keynesian myth that prosperity somehow boosts prices). The recession and crises of 2007-2009 wouldn’t have occurred absent his deliberate monetary malfeasance.
Whatever

Gering, NE

#1107027 Mar 31, 2014
sonicfilter wrote:
Boehner, Fox’s Shep Smith, And Other Journalists Slam Breitbart For His Race-Baiting Smear Campaign
Fox New anchor Shep Smith — whose network breathlessly promoted the smear campaign — slammed Breitbart’s BigGovernment.com as “widely discredited,” and blasted the White House for acting on its video. Smith even called out his own employer, saying,“The video, taken completely out of context, it ran all over the Internet, and television, including on this network:”
http://thinkprogress.org/politics/2010/07/22/...
Nice unbiased source you have there -NOT

“fairtax.org”

Since: Dec 08

gauley bridge wv

#1107028 Mar 31, 2014
Now let’s consider Bernanke’s more obvious role in the subsequent monetary inflation. Having trashed the economy and undermined financial stability, his Fed then dropped short-term interest rates to near zero and launched its QE money-printing scheme, tripling its balance sheet along with base money, and triggering an inflation that has doubled the gold price to an all-time high of nearly $1600/ounce. In a 2002 speech titled “Deflation: Making Sure It Doesn’t Happen Here” Bernanke happily touted the Fed’s nearly unlimited power to print money, to metaphorically drop it out of helicopters on top of an ailing economy, allegedly and magically to make it grow again, and said it should do this once the Fed Funds rate approached zero.
The policy of a zero Fed Funds rate “is one to be avoided, if possible,” Bernanke said, yet the Fed retained “considerable power to expand aggregate demand and economic activity,” for it “has a technology called a printing press (or, today, its electronic equivalent) that allows it to produce as many U.S. dollars as it wishes at essentially no cost,” so it can purposely “reduce the value of a dollar” and thus “raise the prices in dollars of those goods and services.” Bernanke then listed many things the Fed might monetize, including mortgages, corporate bonds, Treasury bonds and foreign sovereign debt – and the last option will be the one that’ll most likely further balloon the Fed’s balance sheet (see Euro-debt woes) over the coming few years.
Given that Bernanke’s punitive policies triggered the economic-financial debacle of recent years, they unavoidably also contributed to the massive federal (and state) budget deficits that political leaders are now grappling with. Having wrecked the economy and created a cascade of government debt issuance, Bernanke proceeded to (digitally) print trillions of new fiat dollars to purchase (“monetize”) it, in the process causing ever-rising inflation. The result has been a fiscal mess and interminable stagflation. Perhaps worst of all, Bernanke’s policies have established precedents for future monetary malpractice that remain unrecognized.
Yet Bernanke escapes blame from economists, journalists, and politicians alike — and in testimony yesterday he was brazen enough to praise his Fed for becoming such a robust “profit center” to the U.S. Treasury. Delusional observers see Bernanke as a heroic savior, just as they saw his predecessor, Alan Greenspan, as a “maestro.”
Amid Bernanke’s monetary mayhem in 2009 Time magazine crowned him “Person of the Year,” saying he was an “overlord of the economy” who “helped prevent us from going into a depression.” President Obama at the time said Bernanke “led the Fed through one of the worst financial crises this nation and the world has ever faced.” Bernanke himself pushes the Big Lie by claiming economic-financial conditions would have been far worse without his crucial actions.
Only ex-Senator Jim Bunning (R-Ky.) has offered a truly accurate public appraisal of Bernanke, when he once directly told him:“You are the very definition of a moral hazard.” More people should be saying this — armed first with knowledge of the facts.
M Stein

New York, NY

#1107029 Mar 31, 2014
PDUPONT wrote:
<quoted text>
You're another ignorant fool who prefers fantasies to actual facts.
Speaking of fools, I'm going to use the N word for Obammy: Narcissistic. He is so self absorbed, he has no idea of what a failure he is.

But Obama’s got game — and that goes a long way to explaining why he said Tuesday that he’s more worried about a “nuclear weapon going off in Manhattan” than about Russia’s aggression in the Balkans.

Yes, he was confronting the buzz over the prescience of Mitt Romney, who in a 2012 debate told Obama (to much derision) that Russia is a top adversary that must be confronted.

But Obama was also likely recalling the simulation game he’d played with world leaders earlier in the day.

The simulation featured actors playing a band of terrorists who’d obtained a nuke.(To avoid political-correctness problems, the scenario didn’t mention the bad guys’ goals, affiliation or religion.) The play-terrorists were about to bomb the downtown of some city (again, no specification).

So Obama and other real leaders of the world’s top powers punched out choices on their tablets, indicating what they’d do as the crisis intensified.

Obama loved it.

Simulation is a hot trend for academics, business executives, military planners and political war-roomies. In other words, it’s something 21st century leaders do.

But as the world’s top leaders maneuvered their tablets through a simulated crisis, the guy who was disinvited — Russia’s Vladimir Putin — amassed real tanks and well armed-troops on the eastern border of Ukraine, which Russia hints it may yet invade.

That, Obama & Co. keep reminding us, is 19th century behavior.

As the president told young Europeans Wednesday,“Russia’s leadership is challenging truths that only a few weeks ago seemed self-evident, that in the 21st century the borders of Europe cannot be redrawn with force.”

Question is, how does a 21st century sophisticate answer a 19th century brute? So far the answer seems to be, mainly by Obama wagging a finger or talking about red lines he has no intention of really dealing with. He's like the parent who tells the kids "if you do that one more time, you're gonna get it." And the kids know he's all talk and no action. Obama like an ineffective parent, is a non-leader.

Obama rescinded Putin’s invitation to the Hague summit. He threatened Russia with more sanctions (if, that is, Putin crosses the next red line). On Thursday, the UN General Assembly is expected to pass a non-binding resolution that declares the Russian annexation of Crimea null and void.

But mostly, Obama OPINES that Putin is yesterday’s man living in today’s world.

But Putin is who he is, and he’s playing his weak hand quite well, thank you very much. He just annexed Crimea without firing a shot, and he’s yet to feel any downside for it (other than not getting a tablet to play at The Hague, that is).

And while Putin maximizes Russia’s assets (or, rather, those of his oligarch cronies), our president models, simulates and theorizes.

As our economy recovers, albeit too slowly, Obama’s poll numbers are in the low 40s. As Russia’s economy sinks, Putin’s popularity soars at home — polls up to the 80s.

Maybe Putin’s 21st century model isn’t all that new — but since Obama, late to the game, has yet to respond adequately, Russia’s weak hand is beating America’s strong one.

But oh that Bammy is SO "FLEXIBLE," as he promised the Russians for, "AFTER THE ELECTION"
Buroc Millhouse Obama

Newington, CT

#1107030 Mar 31, 2014
RealDave wrote:
<quoted text>
So you are now claiming blacks were not held back by the racism & segregation?
Wow, you go all out to defend your racist comments.
No one is holding me back. I had good opportunities & I took advantage of them. Opportunities a black man would not have had growing up at the same time I did.
There is no defeatism here at all, just explanation.
When it comes to Obamas, climate change, etc, I don't make excuses.
I point out the truth.
mdbuilder said no such thing as your stupid first sentence.

You are a hopeless sleazeball, twisting peoples words due to your stupidity, dishonesty and inability to comprehend what you read.

If anything holds you back, it's your own stupidity.

You are a worthless human being, DUmbDave.
forks_make_us_fa t

Norman, OK

#1107031 Mar 31, 2014
ACA shuts down...

over 2 million visits...

"Administration officials said interest was surging as the deadline neared. Sunday evening, Health and Human Services announced 2 million visits over the weekend to HealthCare.gov , the federal government's enrollment site."

http://www.wzzm13.com/story/news/health/healt...

MEANWHILE...

91 million visit AMAZON.com in a month...

https://www.quantcast.com/amazon.com
Whatever

Gering, NE

#1107033 Mar 31, 2014
forks_make_us_fat wrote:
Nothing to see here...and Al Gore is not a scientist...
"Nationally, according to data from the National Climatic Data Center, 2,071 record low temperatures have been set this month..."
http://www.usatoday.com/story/weather/2014/03...
This is a scam promoted by the UN

The scheme is to make industrial nations pay to the third world countries monies. However, both Russia and China is excluded.

Another distribute the wealth scheme
PDUPONT

Belchertown, MA

#1107034 Mar 31, 2014
Incognito4Ever wrote:
<quoted text>
Well, I'm so glad to hear it. Coming from you, I mean. The knower of all things.
How can we survive a deficit of over 20 trillion? And what if the dollar collapses? Let's start there. Reassure me Schiff isn't right.
There is no $20 trillion deficit stupid. The deficit for 2013 was $680 billion, down from $1413 billion in 2009.
forks_make_us_fa t

Norman, OK

#1107035 Mar 31, 2014
Progressives pick and choose what environmental group gets the love...

"Leading Bird Group Calls for More Review of Md. Wind Farm
Proposed Project Outside Washington, DC May Be Biggest Man-Made Killer of Bald Eagles Ever"

http://www.abcbirds.org/newsandreports/releas...

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