Got a question? The president's listening

Full story: Newsday

Have a burning question for the commander in chief? President Barack Obama is now taking your questions as part of a special online town hall Thursday about the economy.

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“Cake or Death?”

Since: Dec 08

Palm Beach

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#311
Apr 7, 2009
 
Pelosi Schmelosi wrote:
<quoted text>
Is that dog YOUR boyfriend MORON???
History of The U.S.(Fed) Prime Rate from
1947 to The Present
December 7, 1979 15.25
February 19, 1980 15.75
February 22, 1980 16.50
February 29, 1980 16.75
March 4, 1980 17.25
March 7, 1980 17.75
March 14, 1980 18.50
March 19, 1980 19.00
March 28, 1980 19.50
April 2, 1980 20.00
April 18, 1980 19.50
May 1, 1980 18.50
May 7, 1980 17.50
May 16, 1980 16.50
May 23, 1980 14.50
May 30, 1980 14.00
June 6, 1980 13.00
June 13, 1980 12.50
June 17, 1980 12.00
July 7, 1980 11.50
July 25, 1980 11.00
August 22, 1980 11.25
August 27, 1980 11.50
September 8, 1980 12.00
September 12, 1980 12.25
September 19, 1980 12.50
September 26, 1980 13.00
October 1, 1980 13.50
October 17, 1980 14.00
October 29, 1980 14.50
November 6, 1980 15.50
November 17, 1980 16.25
November 21, 1980 17.00
November 26, 1980 17.75
December 2, 1980 18.50
December 5, 1980 19.00
December 10, 1980 20.00
December 16, 1980 21.00
December 19, 1980 21.50
January 2, 1981 20.50
January 9, 1981 20.00
February 3, 1981 19.50
February 23, 1981 19.00
March 10, 1981 18.00
March 17, 1981 17.50
http://www.wsjprimerate.us/wall_street_journa ...
Historical Inflation Rates For USA
Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Annual
1988 4.0468% 3.9427% 3.9251% 3.9042% 3.8904% 3.9648% 4.1301% 4.0210% 4.1739% 4.2498% 4.2461% 4.4194% 4.1373%
1987 1.4599% 2.1043% 3.0331% 3.7753% 3.8567% 3.6530% 3.9269% 4.2844% 4.3557% 4.5331% 4.5290% 4.4344% 3.6496%
1986 3.8863% 3.1132% 2.2556% 1.5903% 1.4911% 1.7658% 1.5770% 1.5741% 1.7544% 1.4719% 1.2844% 1.0979% 1.8587%
1985 3.5329% 3.5156% 3.7037% 3.6857% 3.7718% 3.7608% 3.5543% 3.3493% 3.1429% 3.2289% 3.5138% 3.7987% 3.5611%
1984 4.1922% 4.5965% 4.8008% 4.5639% 4.2339% 4.2211% 4.2042% 4.2914% 4.2701% 4.2574% 4.0514% 3.9487% 4.3173%
1983 3.7116% 3.4884% 3.5979% 3.8988% 3.5491% 2.5773% 2.4615% 2.5589% 2.8601% 2.8513% 3.2653% 3.7910% 3.2124%
1982 8.3908% 7.6223% 6.7797% 6.5095% 6.6815% 7.0640% 6.4410% 5.8505% 5.0429% 5.1392% 4.5891% 3.8298% 6.1606%
1981 11.8252% 11.4068% 10.4869% 10.0000% 9.7800% 9.5526% 10.7618% 10.8043% 10.9524% 10.1415% 9.5906% 8.9224% 10.3155%
1980 13.9092% 14.1823% 14.7564% 14.7309% 14.4056% 14.3845% 13.1327% 12.8726% 12.6005% 12.7660% 12.6482% 12.5163% 13.4986%
1979 9.2800% 9.8569% 10.0946% 10.4851% 10.8527% 10.8896% 11.2633% 11.8182% 12.1805% 12.0715% 12.6113% 13.2939% 11.3497%
1978 6.8376% 6.4298% 6.5546% 6.5000% 6.9652% 7.4135% 7.7049% 7.8431% 8.3062% 8.9286% 8.8853% 9.0177% 7.5908%
1977 5.2158% 5.9140% 6.4401% 6.9519% 6.7257% 6.8662% 6.8301% 6.6202% 6.5972% 6.3903% 6.7241% 6.7010% 6.5026%
1976 6.7179% 6.2857% 6.0721% 6.0491% 6.2030% 5.9701% 5.3506% 5.7090% 5.4945% 5.4645% 4.8825% 4.8649% 5.7621%
http://www.rateinflation.com/inflation-rate/u ...
Hyper inflation will de-value the offshore debt held...

Bad for us but good for us..

400% would be a 7-8% rate plus 1 still under 10%..

“THE FACE OF LIBERALISM”

Since: Feb 09

HOW DOES SHE LOOK???

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#312
Apr 7, 2009
 
JW n FL wrote:
<quoted text>
Hyper inflation will de-value the offshore debt held...
Bad for us but good for us..
400% would be a 7-8% rate plus 1 still under 10%..
History of The U.S.(Fed) Prime Rate from
1947 to The Present

December 7, 1979 15.25
February 19, 1980 15.75
February 22, 1980 16.50
February 29, 1980 16.75
March 4, 1980 17.25
March 7, 1980 17.75
March 14, 1980 18.50
March 19, 1980 19.00
March 28, 1980 19.50
April 2, 1980 20.00
April 18, 1980 19.50
May 1, 1980 18.50
May 7, 1980 17.50
May 16, 1980 16.50
May 23, 1980 14.50
May 30, 1980 14.00
June 6, 1980 13.00
June 13, 1980 12.50
June 17, 1980 12.00
July 7, 1980 11.50
July 25, 1980 11.00
August 22, 1980 11.25
August 27, 1980 11.50
September 8, 1980 12.00
September 12, 1980 12.25
September 19, 1980 12.50
September 26, 1980 13.00
October 1, 1980 13.50
October 17, 1980 14.00
October 29, 1980 14.50
November 6, 1980 15.50
November 17, 1980 16.25
November 21, 1980 17.00
November 26, 1980 17.75
December 2, 1980 18.50
December 5, 1980 19.00
December 10, 1980 20.00
December 16, 1980 21.00
December 19, 1980 21.50
January 2, 1981 20.50
January 9, 1981 20.00
February 3, 1981 19.50
February 23, 1981 19.00
March 10, 1981 18.00
March 17, 1981 17.50
http://www.wsjprimerate.us/wall_street_journa ...

Historical Inflation Rates For USA

Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Annual
1988 4.0468% 3.9427% 3.9251% 3.9042% 3.8904% 3.9648% 4.1301% 4.0210% 4.1739% 4.2498% 4.2461% 4.4194% 4.1373%
1987 1.4599% 2.1043% 3.0331% 3.7753% 3.8567% 3.6530% 3.9269% 4.2844% 4.3557% 4.5331% 4.5290% 4.4344% 3.6496%
1986 3.8863% 3.1132% 2.2556% 1.5903% 1.4911% 1.7658% 1.5770% 1.5741% 1.7544% 1.4719% 1.2844% 1.0979% 1.8587%
1985 3.5329% 3.5156% 3.7037% 3.6857% 3.7718% 3.7608% 3.5543% 3.3493% 3.1429% 3.2289% 3.5138% 3.7987% 3.5611%
1984 4.1922% 4.5965% 4.8008% 4.5639% 4.2339% 4.2211% 4.2042% 4.2914% 4.2701% 4.2574% 4.0514% 3.9487% 4.3173%
1983 3.7116% 3.4884% 3.5979% 3.8988% 3.5491% 2.5773% 2.4615% 2.5589% 2.8601% 2.8513% 3.2653% 3.7910% 3.2124%
1982 8.3908% 7.6223% 6.7797% 6.5095% 6.6815% 7.0640% 6.4410% 5.8505% 5.0429% 5.1392% 4.5891% 3.8298% 6.1606%
1981 11.8252% 11.4068% 10.4869% 10.0000% 9.7800% 9.5526% 10.7618% 10.8043% 10.9524% 10.1415% 9.5906% 8.9224% 10.3155%
1980 13.9092% 14.1823% 14.7564% 14.7309% 14.4056% 14.3845% 13.1327% 12.8726% 12.6005% 12.7660% 12.6482% 12.5163% 13.4986%
1979 9.2800% 9.8569% 10.0946% 10.4851% 10.8527% 10.8896% 11.2633% 11.8182% 12.1805% 12.0715% 12.6113% 13.2939% 11.3497%
1978 6.8376% 6.4298% 6.5546% 6.5000% 6.9652% 7.4135% 7.7049% 7.8431% 8.3062% 8.9286% 8.8853% 9.0177% 7.5908%
1977 5.2158% 5.9140% 6.4401% 6.9519% 6.7257% 6.8662% 6.8301% 6.6202% 6.5972% 6.3903% 6.7241% 6.7010% 6.5026%
1976 6.7179% 6.2857% 6.0721% 6.0491% 6.2030% 5.9701% 5.3506% 5.7090% 5.4945% 5.4645% 4.8825% 4.8649% 5.7621%
http://www.rateinflation.com/inflation-rate/u ...

“THE FACE OF LIBERALISM”

Since: Feb 09

HOW DOES SHE LOOK???

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#313
Apr 7, 2009
 
JW n FL wrote:
<quoted text>
Hyper inflation will de-value the offshore debt held...
Bad for us but good for us..
400% would be a 7-8% rate plus 1 still under 10%..
**** The ERA OF RESPONSIBILITY***

TOTALS:
Food and Farming:$26,431,000,000
Commerce, justice and science:
$15,810,000,000
Defense:$4,531,000,000
Energy and the environment:$50,775,000,000
Government:$6,707,000,000
Homeland security:$2,744,000,000
Outdoors, Indian reservations and
the arts:$10,545,000,000
Labor and volunteering,
healthcare and social services,
education, social security:$71,271,000,000
Oversight:$25,000,000
Military and veterans:$4,246,000,000
Foreign relations:$602,000,000
Transportation and housing:$61,051,000,000
Aid to states:$53,600,000,000
Tax cuts:$288,482,000,000
Individual aid:$58,143,000,000
Individual healthcare aid:$24,677,000,000
Health IT:$17,559,000,000
Aid to states for Medicaid:$90,042,000,000
__________
TOTAL FOR STIMULUS (K/RAP SAMWICH)=$787,241,000,000

$787,241,000,000/3,500,000 jobs

=$224,926
FOR EVERY JOB "CREATED OR SAVED"

And it's ALL tax breaks AND infrastructure???
Ssssssuuuuuuurrrrrreeeee it is!!

And it "fixxxxxed" things tooooo...
Sssssssssuuuuuuurrrrrreeeee IT DID!!!
TNT

Keystone Heights, FL

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#314
Apr 7, 2009
 
Brad wrote:
I seen the House of Representives passed the 2 million acre bill to preserve land, which I believe in, to a point, but did the House really think this thru, has any one in the House ever stepped foot on the desert floor? and considering a lot of us are in the motorcycle industry and ride our bikes off road, seeing the econmy is in the tank right now, how many more people can you allow to loose their jobs, when the businesses rely on off road fun? California, Arizona and Colorado rely on customer to keep their businesses going.
Go back to your reefer and third grade novels Mr. Economist.
TNT

Keystone Heights, FL

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#315
Apr 7, 2009
 

Judged:

1

Pelosi Schmelosi wrote:
<quoted text>
**** The ERA OF RESPONSIBILITY***
TOTALS:
Food and Farming:$26,431,000,000
Commerce, justice and science:
$15,810,000,000
Defense:$4,531,000,000
Energy and the environment:$50,775,000,000
Government:$6,707,000,000
Homeland security:$2,744,000,000
Outdoors, Indian reservations and
the arts:$10,545,000,000
Labor and volunteering,
healthcare and social services,
education, social security:$71,271,000,000
Oversight:$25,000,000
Military and veterans:$4,246,000,000
Foreign relations:$602,000,000
Transportation and housing:$61,051,000,000
Aid to states:$53,600,000,000
Tax cuts:$288,482,000,000
Individual aid:$58,143,000,000
Individual healthcare aid:$24,677,000,000
Health IT:$17,559,000,000
Aid to states for Medicaid:$90,042,000,000
__________
TOTAL FOR STIMULUS (K/RAP SAMWICH)=$787,241,000,000
$787,241,000,000/3,500,000 jobs
=$224,926
FOR EVERY JOB "CREATED OR SAVED"
And it's ALL tax breaks AND infrastructure???
Ssssssuuuuuuurrrrrreeeee it is!!
And it "fixxxxxed" things tooooo...
Sssssssssuuuuuuurrrrrreeeee IT DID!!!
And this is a surprise? Obama never in his life managed a fiscal operation and he will fail miserably on this attempt. Your grandchildren will pay for his mistakes. Sickening at best.
TNT

Keystone Heights, FL

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#316
Apr 7, 2009
 
Pelosi Schmelosi wrote:
<quoted text>
History of The U.S.(Fed) Prime Rate from
1947 to The Present
December 7, 1979 15.25
February 19, 1980 15.75
February 22, 1980 16.50
February 29, 1980 16.75
March 4, 1980 17.25
March 7, 1980 17.75
March 14, 1980 18.50
March 19, 1980 19.00
March 28, 1980 19.50
April 2, 1980 20.00
April 18, 1980 19.50
May 1, 1980 18.50
May 7, 1980 17.50
May 16, 1980 16.50
May 23, 1980 14.50
May 30, 1980 14.00
June 6, 1980 13.00
June 13, 1980 12.50
June 17, 1980 12.00
July 7, 1980 11.50
July 25, 1980 11.00
August 22, 1980 11.25
August 27, 1980 11.50
September 8, 1980 12.00
September 12, 1980 12.25
September 19, 1980 12.50
September 26, 1980 13.00
October 1, 1980 13.50
October 17, 1980 14.00
October 29, 1980 14.50
November 6, 1980 15.50
November 17, 1980 16.25
November 21, 1980 17.00
November 26, 1980 17.75
December 2, 1980 18.50
December 5, 1980 19.00
December 10, 1980 20.00
December 16, 1980 21.00
December 19, 1980 21.50
January 2, 1981 20.50
January 9, 1981 20.00
February 3, 1981 19.50
February 23, 1981 19.00
March 10, 1981 18.00
March 17, 1981 17.50
http://www.wsjprimerate.us/wall_street_journa ...
Historical Inflation Rates For USA
Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Annual
1988 4.0468% 3.9427% 3.9251% 3.9042% 3.8904% 3.9648% 4.1301% 4.0210% 4.1739% 4.2498% 4.2461% 4.4194% 4.1373%
1987 1.4599% 2.1043% 3.0331% 3.7753% 3.8567% 3.6530% 3.9269% 4.2844% 4.3557% 4.5331% 4.5290% 4.4344% 3.6496%
1986 3.8863% 3.1132% 2.2556% 1.5903% 1.4911% 1.7658% 1.5770% 1.5741% 1.7544% 1.4719% 1.2844% 1.0979% 1.8587%
1985 3.5329% 3.5156% 3.7037% 3.6857% 3.7718% 3.7608% 3.5543% 3.3493% 3.1429% 3.2289% 3.5138% 3.7987% 3.5611%
1984 4.1922% 4.5965% 4.8008% 4.5639% 4.2339% 4.2211% 4.2042% 4.2914% 4.2701% 4.2574% 4.0514% 3.9487% 4.3173%
1983 3.7116% 3.4884% 3.5979% 3.8988% 3.5491% 2.5773% 2.4615% 2.5589% 2.8601% 2.8513% 3.2653% 3.7910% 3.2124%
1982 8.3908% 7.6223% 6.7797% 6.5095% 6.6815% 7.0640% 6.4410% 5.8505% 5.0429% 5.1392% 4.5891% 3.8298% 6.1606%
1981 11.8252% 11.4068% 10.4869% 10.0000% 9.7800% 9.5526% 10.7618% 10.8043% 10.9524% 10.1415% 9.5906% 8.9224% 10.3155%
1980 13.9092% 14.1823% 14.7564% 14.7309% 14.4056% 14.3845% 13.1327% 12.8726% 12.6005% 12.7660% 12.6482% 12.5163% 13.4986%
1979 9.2800% 9.8569% 10.0946% 10.4851% 10.8527% 10.8896% 11.2633% 11.8182% 12.1805% 12.0715% 12.6113% 13.2939% 11.3497%
1978 6.8376% 6.4298% 6.5546% 6.5000% 6.9652% 7.4135% 7.7049% 7.8431% 8.3062% 8.9286% 8.8853% 9.0177% 7.5908%
1977 5.2158% 5.9140% 6.4401% 6.9519% 6.7257% 6.8662% 6.8301% 6.6202% 6.5972% 6.3903% 6.7241% 6.7010% 6.5026%
1976 6.7179% 6.2857% 6.0721% 6.0491% 6.2030% 5.9701% 5.3506% 5.7090% 5.4945% 5.4645% 4.8825% 4.8649% 5.7621%
http://www.rateinflation.com/inflation-rate/u ...
Gee Wally, I think you left out a few years. The important ones.
amy

United States

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#317
Apr 7, 2009
 

Judged:

1

statement wrote:
This clueless idiot may be listening but he sure isn't answering!
THANK YOU!!!!!!!! finally someone on this damn board with a brain
Taking Back Our Country

Lady Lake, FL

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#318
Apr 8, 2009
 

Judged:

1

1

What is your REAL AGENDA?? And what are you going
to do about our ailing economy??!! Do you sleep
at night, knowing that you are stabbing the
american people in the back with your out of
control spending??!!! Please do the right thing
and resign. We need a leader who is fiscally
responsible and doesn't put down america while
he is overseas, the comment you made in Turkey
saying america is arrogant, was totally uncalled
for. Mr. Obama YOU are the arrogant one. I do not
want you speaking for our country, if you are
going to put us down, every chance you get!!
repugni-hypocrit es

Fort Lee, NJ

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#319
Apr 8, 2009
 

Judged:

1

1

1

Pelosi Schmelosi wrote:
<quoted text>
Is that dog YOUR boyfriend MORON???
Ask the Pit Bull owner. He's bent over it all the time.

“Cake or Death?”

Since: Dec 08

Palm Beach

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#320
Apr 8, 2009
 
Date Debt Held by the Public Intragovernmental Holdings Total Public Debt Outstanding
01/20/2009
6,307,310,739,681.66
4,319,566,309,231.42
10,626,877,048,913.08

Date Debt Held by the Public Intragovernmental Holdings Total Public Debt Outstanding
01/19/2001
Not Available
Not Available
5,727,776,738,304.64

http://www.treasurydirect.gov/NP/BPDLogin ...

Which then looks like this when they are done?

****( http://www.reuters.com/article/topNews/idUSN0... )****
"The U.S. budget deficit will swell to a record $1.186 trillion in fiscal 2009. The out-of-control deficit picture by the Congressional Budget Office illustrates the daunting economic challenges President-elect Barack Obama faces when he takes office on January 20."

****( http://money.cnn.com/2009/01/07/news/economy/... )****

"The CBO - which provides the official estimates of the budgetary impact of legislation and events such as wars and recessions. The federal government has tried to combat the crisis by so far committing $7.2 trillion in investments and loans primarily to financial institutions."

****( http://www.bloomberg.com/apps/news... )****
**** "Dec. 31 (Bloomberg)-- It has been a year of record misery: the largest bankruptcy, bank failure and Ponzi scheme in U.S. history; $720 billion in writedowns and losses by financial institutions; $30.1 trillion in market valuation wiped out." ****

****( http://www.bea.gov/newsreleases/national/gdp/... )****

****“GROSS DOMESTIC PRODUCT: FOURTH QUARTER 2008 (PRELIMINARY)
Real gross domestic product -- the output of goods and services produced by labor and property located in the United States -- decreased at an annual rate of 6.2 percent in the fourth quarter of 2008,(that is, from the third quarter to the fourth quarter), according to preliminary estimates released by the Bureau of Economic Analysis. In the third quarter, real GDP decreased 0.5 percent.

The GDP estimates released today are based on more complete source data than were available for the advance estimates issued last month. In the advance estimates, the decrease in real GDP was 3.8 percent (see "Revisions" on page 3)."****

“THE FACE OF LIBERALISM”

Since: Feb 09

HOW DOES SHE LOOK???

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#321
Apr 8, 2009
 
JW n FL wrote:
**** The ERA OF RESPONSIBILITY***

TOTALS:
Food and Farming:$26,431,000,000
Commerce, justice and science:
$15,810,000,000
Defense:$4,531,000,000
Energy and the environment:$50,775,000,000
Government:$6,707,000,000
Homeland security:$2,744,000,000
Outdoors, Indian reservations and
the arts:$10,545,000,000
Labor and volunteering,
healthcare and social services,
education, social security:$71,271,000,000
Oversight:$25,000,000
Military and veterans:$4,246,000,000
Foreign relations:$602,000,000
Transportation and housing:$61,051,000,000
Aid to states:$53,600,000,000
Tax cuts:$288,482,000,000
Individual aid:$58,143,000,000
Individual healthcare aid:$24,677,000,000
Health IT:$17,559,000,000
Aid to states for Medicaid:$90,042,000,000
__________
TOTAL FOR STIMULUS (K/RAP SAMWICH)=$787,241,000,000

$787,241,000,000/3,500,000 jobs

=$224,926
FOR EVERY JOB "CREATED OR SAVED"

And it's ALL tax breaks AND infrastructure???
Ssssssuuuuuuurrrrrreeeee it is!!

And it "fixxxxxed" things tooooo...
Sssssssssuuuuuuurrrrrreeeee IT DID!!!

“Cake or Death?”

Since: Dec 08

Palm Beach

|
Report Abuse
|
Judge it!
|
#322
Apr 8, 2009
 
Pelosi Schmelosi wrote:
<quoted text>
**** The ERA OF RESPONSIBILITY***
TOTALS:
Food and Farming:$26,431,000,000
Commerce, justice and science:
$15,810,000,000
Defense:$4,531,000,000
Energy and the environment:$50,775,000,000
Government:$6,707,000,000
Homeland security:$2,744,000,000
Outdoors, Indian reservations and
the arts:$10,545,000,000
Labor and volunteering,
healthcare and social services,
education, social security:$71,271,000,000
Oversight:$25,000,000
Military and veterans:$4,246,000,000
Foreign relations:$602,000,000
Transportation and housing:$61,051,000,000
Aid to states:$53,600,000,000
Tax cuts:$288,482,000,000
Individual aid:$58,143,000,000
Individual healthcare aid:$24,677,000,000
Health IT:$17,559,000,000
Aid to states for Medicaid:$90,042,000,000
__________
TOTAL FOR STIMULUS (K/RAP SAMWICH)=$787,241,000,000
$787,241,000,000/3,500,000 jobs
=$224,926
FOR EVERY JOB "CREATED OR SAVED"
And it's ALL tax breaks AND infrastructure???
Ssssssuuuuuuurrrrrreeeee it is!!
And it "fixxxxxed" things tooooo...
Sssssssssuuuuuuurrrrrreeeee IT DID!!!
****( http://www.reuters.com/article/newsOne/idUSN2... )****
****“The U.S. Treasury Department on Monday rolled out detailed plans for persuading private investors to help rid banks of up to $1 trillion in toxic assets that are seen as a roadblock to economic recovery.”****

****( http://www.bloomberg.com/apps/news... )****

****“Fed to Buy $300 Billion of Treasuries…
Fed to Buy $300 Billion of Treasuries, Increase Other Purchases
The Federal Reserve said it will buy $300 billion in Treasury securities and increase its purchases of mortgage and agency debt in an effort to bolster housing and hasten the end of the recession.”****
****( http://ustreas.gov/press/releases/tg65.htm )****

View White Paper and FAQs at http://financialstability.gov
The Financial Stability Plan – Progress So Far: Over the past six weeks, the Treasury Department has implemented a series of initiatives as part of its Financial Stability Plan that – alongside the American Recovery and Reinvestment Act – lay the foundations for economic recovery:

****( http://www.fdic.gov/news/news/press/2009/pr09... )****

Q1: Why are supervisors performing the capital assessments?

A: The U.S. Federal bank and thrift supervisors (supervisors) are conducting this exercise to determine if the largest U.S. banking organizations have sufficient capital buffers to withstand the impact of an economic environment that is more challenging than is currently anticipated.

“THE FACE OF LIBERALISM”

Since: Feb 09

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#325
Apr 8, 2009
 
Sunlight Before Signing: Too often bills are rushed through Congress and to the president before the public has the opportunity to review them. As president, Obama will not sign any non-emergency bill without giving the American public an opportunity to review and comment on the White House website for five days.
Shine Light on Earmarks and Pork Barrel Spending: Obama's Transparency and Integrity in Earmarks Act will shed light on all earmarks by disclosing the name of the legislator who asked for each earmark, along with a written justification, 72 hours before they can be approved by the full Senate.

Free the Executive Branch from Special Interest Influence
Close the Revolving Door on Former and Future Employers: No political appointees in an Obama-Biden administration will be permitted to work on regulations or contracts directly and substantially related to their prior employer for two years. And no political appointee will be able to lobby the executive branch after leaving government service during the remainder of the administration.
Free Career Officials from the Influence of Politics: Obama will issue an executive order asking all new hires at the agencies to sign a form affirming that no political appointee offered them the job solely on the basis of political affiliation or contribution.
Reform the Political Appointee Process: FEMA Director Michael Brown was not qualified to head the agency, and the result was a disaster for the people of the Gulf Coast. But in an Obama-Biden administration, every official will have to rise to the standard of proven excellence in the agency's mission.


Illinois Reform: In 1998, Obama joined forces with former U.S. Sen. Paul Simon (D-IL) to pass the toughest campaign finance law in Illinois history. The legislation banned the personal use of campaign money by Illinois legislators and banned most gifts from lobbyists. Before the law was passed, one organization ranked Illinois worst among 50 states for its campaign finance regulations.
A High Standard: Unlike other candidates Obama's campaign refuses to accept contributions from Washington lobbyists and political action committees.
http://origin.barackobama.com/issues/ethics/

“THE FACE OF LIBERALISM”

Since: Feb 09

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#327
Apr 8, 2009
 
Plan for Restoring Fiscal Discipline
The Problem
Increasing Debt: Under President Bush, the federal debt has increased from $5.7 trillion to $8.8 trillion, an increase of more than 50 percent.

Irresponsible Tax Cuts: President Bush's policies of giving tax breaks for the wealthy will cost the nation over $2.3 trillion by the time they expire in 2009.

Barack Obama and Joe Biden's Plan
Restore Fiscal Discipline to Washington
Reinstate PAYGO Rules: Obama and Biden believe that a critical step in restoring fiscal discipline is enforcing pay-as-you-go (PAYGO) budgeting rules which require new spending commitments or tax changes to be paid for by cuts to other programs or new revenue.
Reverse Bush Tax Cuts for the Wealthy: Obama and Biden will protect tax cuts for poor and middle class families, but they will reverse most of the Bush tax cuts for the wealthiest taxpayers.
Cut Pork Barrel Spending: Obama introduced and passed bipartisan legislation that would require more disclosure and transparency for special-interest earmarks. Obama and Biden believe that spending that cannot withstand public scrutiny cannot be justified. Obama and Biden will slash earmarks to no greater than year 1994 levels and ensure all spending decisions are open to the public.
Make Government Spending More Accountable and Efficient: Obama and Biden will ensure that federal contracts over $25,000 are competitively bid. Obama and Biden will also increase the efficiency of government programs through better use of technology, stronger management that demands accountability and by leveraging the government's high-volume purchasing power to get lower prices.
End Wasteful Government Spending: Obama and Biden will stop funding wasteful, obsolete federal government programs that make no financial sense. Obama and Biden have called for an end to subsidies for oil and gas companies that are enjoying record profits, as well as the elimination of subsidies to the private student loan industry which has repeatedly used unethical business practices. Obama and Biden will also tackle wasteful spending in the Medicare program.
Make the Tax System More Fair and Efficient
End Tax Haven Abuse: Building on his bipartisan work in the Senate, Obama will give the Treasury Department the tools it needs to stop the abuse of tax shelters and offshore tax havens and help close the $350 billion tax gap between taxes owed and taxes paid.
Close Special Interest Corporate Loopholes: Obama and Biden will level the playing field for all businesses by eliminating special-interest loopholes and deductions, such as those for the oil and gas industry.
Barack Obama and Joe Biden's Record
PAYGO: Obama voted in 2005, 2006, and 2007 to reinstate pay-as-you-go (PAYGO) federal budget rules.
No-Bid Contracts: Obama has introduced and helped pass bipartisan legislation to limit the abuse of no-bid federal contracts.
Against Raising the Federal Debt Limit: In 2006, Obama voted against misguided Republican efforts to raise the statutory debt limit at the same time the Republicans were pushing through massive debt-financed tax cuts for the wealthy.
http://www.barackobama.com/issues/fiscal/

“Patriot First”

Since: Nov 07

Vancouver, WA

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#329
Apr 8, 2009
 
JW n FL wrote:
Date Debt Held by the Public Intragovernmental Holdings Total Public Debt Outstanding
01/20/2009
6,307,310,739,681.66
4,319,566,309,231.42
10,626,877,048,913.08
Date Debt Held by the Public Intragovernmental Holdings Total Public Debt Outstanding
01/19/2001
Not Available
Not Available
5,727,776,738,304.64
http://www.treasurydirect.gov/NP/BPDLogin ...
Which then looks like this when they are done?
****( http://www.reuters.com/article/topNews/idUSN0... )****
"The U.S. budget deficit will swell to a record $1.186 trillion in fiscal 2009. The out-of-control deficit picture by the Congressional Budget Office illustrates the daunting economic challenges President-elect Barack Obama faces when he takes office on January 20."
****( http://money.cnn.com/2009/01/07/news/economy/... )****
"The CBO - which provides the official estimates of the budgetary impact of legislation and events such as wars and recessions. The federal government has tried to combat the crisis by so far committing $7.2 trillion in investments and loans primarily to financial institutions."
****( http://www.bloomberg.com/apps/news... )****
**** "Dec. 31 (Bloomberg)-- It has been a year of record misery: the largest bankruptcy, bank failure and Ponzi scheme in U.S. history; $720 billion in writedowns and losses by financial institutions; $30.1 trillion in market valuation wiped out." ****
****( http://www.bea.gov/newsreleases/national/gdp/... )****
****“GROSS DOMESTIC PRODUCT: FOURTH QUARTER 2008 (PRELIMINARY)
Real gross domestic product -- the output of goods and services produced by labor and property located in the United States -- decreased at an annual rate of 6.2 percent in the fourth quarter of 2008,(that is, from the third quarter to the fourth quarter), according to preliminary estimates released by the Bureau of Economic Analysis. In the third quarter, real GDP decreased 0.5 percent.
The GDP estimates released today are based on more complete source data than were available for the advance estimates issued last month. In the advance estimates, the decrease in real GDP was 3.8 percent (see "Revisions" on page 3)."****
where is my 'mute the dumbazz' button??

“THE FACE OF LIBERALISM”

Since: Feb 09

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#330
Apr 8, 2009
 
Fannie Mae Announces Pilot to Purchase $2 Billion of "MyCommunityMortgage " Loans; Pilot Lenders to Customize Affordable Products For Low- and Moderate-Income Borrowers

(CSRwire) To expand the secondary market for affordable community-based mortgages nationwide, Fannie Mae (FNM/NYSE), the nation’s largest source of financing for home mortgages, today announced a commitment to purchase $2 billion of "MyCommunityMortgage " loans through a suite of flexible mortgage options for low- and moderate-income borrowers purchasing one-to-four unit homes. Starting December 1, 2000 through a web-based application, participating lenders will get prompt approval recommendations from Fannie Mae on loans that previously would have been negotiated on an individual basis. Fannie Mae then will purchase or securitize the MyCommunityMortgage loans.

MyCommunityMortgage product options give flexibility to lenders by allowing variances that borrowers need to qualify for loans, often unique to particular communities. These variances apply to basic loan features such as loan-to-value ratio, borrower contribution, housing expense-to-income ratio, and others. For example, the need for down payment assistance may be a critical borrower need in one part of the country, while the need for 2-to-4-family housing may be foremost in another part of the country.

Pilot mortgage lenders include Bank One, First Horizon, First Nationwide, First Union, and North American Mortgage Company.

"We want to work with lenders who are willing to tackle the toughest housing problems in America, which is the focus of our American Dream Commitment," said Dan Mudd, Vice Chairman and Chief Operating Officer of Fannie Mae. "By teaming with lenders, Fannie Mae can not only help increase lending to minorities and other underserved market segments, but we also can assist depository institutions in meeting their own community investment goals and objectives. We look forward to working with our customers to create increased liquidity for Community Reinvestment Act (CRA)-eligible loans."

Private mortgage insurance companies Mortgage Guaranty Insurance Corporation (MGIC), PMI, and Radian were instrumental in the development of underwriting guidelines for the loans and have agreed to insure CRA-eligible loans purchased by Fannie Mae.

MyCommunityMortgage products contain predetermined variance ranges on up to fourteen basic loan features. MyCommunityMortgage loans offer lenders more flexibility through a combination of these variances tailored to address their borrowers’ needs.

There are five basic product options for MyCommunityMortgage:

Community 97 is a new 97 percent loan-to-value product option for single-unit borrowers who need to devote more of their income to housing.
Community 100 is a new 100 percent loan-to-value product option for single-unit borrowers who lack cash and reserves, but have good credit.
Community 2-Family offers underwriting flexibilities for 2-unit properties to 95 percent LTV.
Community 3- and 4-Family offers underwriting flexibilities for 3- and 4-unit properties to 90 percent LTV.
Customized CRA-Eligible Flow Product Option provides lenders with approval recommendations for CRA-eligible flow product that does not fit within the parameters of the four options listed above.
As part of its $2 billion pilot, Fannie Mae will purchase up to $500 million in Community 2- to 4-Family from participating lenders.
http://www.csrwire.com/PressRelease.php...

“Cake or Death?”

Since: Dec 08

Palm Beach

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#332
Apr 8, 2009
 
****( http://www.cbo.gov/budget/historical.shtml )****
1981 599.3 678.2 -73.9 -5.0 -0.1 -79.0 789.4 <-------- Reagan takes office.
1982 617.8 745.7 -120.6 -7.9 0.6 -128.0 924.6 <-------- Reaganomics Starts ='s Cheap Credit.
1983 600.6 808.4 -207.7 0.2 -0.3 -207.8 1,137.3
1984 666.5 851.9 -185.3 0.3 -0.4 -185.4 1,307.0
1985 734.1 946.4 -221.5 9.4 -0.1 -212.3 1,507.3
1986 769.2 990.4 -237.9 16.7 0.0 -221.2 1,740.6
1987 854.4 1,004.1 -168.4 19.6 -0.9 -149.7 1,889.8
1988 909.3 1,064.5 -192.3 38.8 -1.7 -155.2 2,051.6
1989 991.2 1,143.8 -205.4 52.4 0.3 -152.6 2,190.7 <----- Bush 1 takes office keeping on track with cheap credit.
1990 1,032.1 1,253.1 -277.6 58.2 -1.6 -221.0 2,411.6
1991 1,055.1 1,324.3 -321.4 53.5 -1.3 -269.2 2,689.0
1992 1,091.3 1,381.6 -340.4 50.7 -0.7 -290.3 2,999.7 <----- Bush 1's failure to keep running up debt is realized.
1993 1,154.5 1,409.5 -300.4 46.8 -1.4 -255.1 3,248.4 <----- Clinton Takes office
1994 1,258.7 1,461.9 -258.8 56.8 -1.1 -203.2 3,433.1
1995 1,351.9 1,515.9 -226.4 60.4 2.0 -164.0 3,604.4
1996 1,453.2 1,560.6 -174.0 66.4 0.2 -107.4 3,734.1
1997 1,579.4 1,601.3 -103.2 81.3 0.0 -21.9 3,772.3
1998 1,722.0 1,652.7 -29.9 99.4 -0.2 69.3 3,721.1
1999 1,827.6 1,702.0 1.9 124.7 -1.0 125.6 3,632.4 <------- Clinton Balances the Budget
2000 2,025.5 1,789.2 86.4 151.8 -2.0 236.2 3,409.8 <------- Clinton keeps the Budget Balanced
2001 1,991.4 1,863.2 -32.4 163.0 -2.3 128.2 3,319.6 <------- Bush starts driving drunk.
2002 1,853.4 2,011.2 -317.4 159.0 0.7 -157.8 3,540.4 <------- Bush's $317b increase in debt spending
2003 1,782.5 2,160.1 -538.4 155.6 5.2 -377.6 3,913.4 <------- Bush's $538b increase in debt spending
2004 1,880.3 2,293.0 -568.0 151.1 4.1 -412.7 4,295.5 <------- Bush's $568b increase in debt spending
2005 2,153.9 2,472.2 -493.6 173.5 1.8 -318.3 4,592.2 <------- Bush's $493b increase in debt spending
2006 2,407.3 2,655.4 -434.5 185.2 1.1 -248.2 4,829.0 <------- Bush's $434b increase in debt spending <--- spending was decreasing
2007 2,568.2 2,728.9 -342.2 186.5 -5.1 -160.7 5,035.1 <------- Bush's $342b increase in debt spending <--- spending was decreasing
2008 2,523.6 2,978.5 -638.1 180.2 3.0 -454.8 5,802.9 <------- Bush's $638b increase in debt spending
Polar Bare

Romeoville, IL

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#333
Apr 8, 2009
 
Mr. Presdient, I have a question. When it's windy out, do your ears flap?

“THE FACE OF LIBERALISM”

Since: Feb 09

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#334
Apr 8, 2009
 
Fannie Mae Announces Pilot to Purchase $2 Billion of "MyCommunityMortgage " Loans; Pilot Lenders to Customize Affordable Products For Low- and Moderate-Income Borrowers

(CSRwire) To expand the secondary market for affordable community-based mortgages nationwide, Fannie Mae (FNM/NYSE), the nation’s largest source of financing for home mortgages, today announced a commitment to purchase $2 billion of "MyCommunityMortgage " loans through a suite of flexible mortgage options for low- and moderate-income borrowers purchasing one-to-four unit homes. Starting December 1, 2000 through a web-based application, participating lenders will get prompt approval recommendations from Fannie Mae on loans that previously would have been negotiated on an individual basis. Fannie Mae then will purchase or securitize the MyCommunityMortgage loans.

MyCommunityMortgage product options give flexibility to lenders by allowing variances that borrowers need to qualify for loans, often unique to particular communities. These variances apply to basic loan features such as loan-to-value ratio, borrower contribution, housing expense-to-income ratio, and others. For example, the need for down payment assistance may be a critical borrower need in one part of the country, while the need for 2-to-4-family housing may be foremost in another part of the country.

Pilot mortgage lenders include Bank One, First Horizon, First Nationwide, First Union, and North American Mortgage Company.

"We want to work with lenders who are willing to tackle the toughest housing problems in America, which is the focus of our American Dream Commitment," said Dan Mudd, Vice Chairman and Chief Operating Officer of Fannie Mae. "By teaming with lenders, Fannie Mae can not only help increase lending to minorities and other underserved market segments, but we also can assist depository institutions in meeting their own community investment goals and objectives. We look forward to working with our customers to create increased liquidity for Community Reinvestment Act (CRA)-eligible loans."

Private mortgage insurance companies Mortgage Guaranty Insurance Corporation (MGIC), PMI, and Radian were instrumental in the development of underwriting guidelines for the loans and have agreed to insure CRA-eligible loans purchased by Fannie Mae.

MyCommunityMortgage products contain predetermined variance ranges on up to fourteen basic loan features. MyCommunityMortgage loans offer lenders more flexibility through a combination of these variances tailored to address their borrowers’ needs.

There are five basic product options for MyCommunityMortgage:

Community 97 is a new 97 percent loan-to-value product option for single-unit borrowers who need to devote more of their income to housing.
Community 100 is a new 100 percent loan-to-value product option for single-unit borrowers who lack cash and reserves, but have good credit.
Community 2-Family offers underwriting flexibilities for 2-unit properties to 95 percent LTV.
Community 3- and 4-Family offers underwriting flexibilities for 3- and 4-unit properties to 90 percent LTV.
Customized CRA-Eligible Flow Product Option provides lenders with approval recommendations for CRA-eligible flow product that does not fit within the parameters of the four options listed above.
As part of its $2 billion pilot, Fannie Mae will purchase up to $500 million in Community 2- to 4-Family from participating lenders.
http://www.csrwire.com/PressRelease.php ...

“THE FACE OF LIBERALISM”

Since: Feb 09

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#335
Apr 8, 2009
 
The cumulative deficit from 2010 to 2019 under the
President’s proposals would total $9.3 trillion, compared
with a cumulative deficit of $4.4 trillion projected
under the current-law assumptions embodied in
CBO’s baseline. Debt held by the public would rise,
from 41 percent of GDP in 2008 to 57 percent in
2009 and then to 82 percent of GDP by 2019 (compared
with 56 percent of GDP in that year under
baseline assumptions).
http://www.cbo.gov/ftpdocs/100xx/doc10014/03-...

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