Hillary Clinton to accept Barack Obama's offer of secretary of state job

There are 20 comments on the Nov 17, 2008, www.guardian.co.uk story titled Hillary Clinton to accept Barack Obama's offer of secretary of state job. In it, www.guardian.co.uk reports that:

Hillary Clinton plans to accept the job of secretary of state offered by Barack Obama, who is reaching out to former rivals to build a broad coalition administration, the Guardian has learned.

Obama's advisers have begun looking into Bill Clinton's foundation, which distributes millions of dollars to Africa to help with development, to ensure that there is no conflict of interest. But Democrats do not believe that the vetting is likely to be a problem.

Join the discussion below, or Read more at www.guardian.co.uk.

“The Good, The Bad, & the Ugly”

Since: Aug 08

Upstate New York

#575 Nov 21, 2008
Hillary has lots of foreign policy experience:

http://www.pigazette.com/Pigraphics/hitleryca...

“greatest womans wrestler ever.”

Since: Dec 07

origin-Milwaukee-Wisconsin.

#576 Nov 21, 2008
This is no shock to me Obama in and Hillarymaking more world decisions than if she was vice president.

Puts her back in White House creating state and international policy.

Who is her brain trust, Billy Clinton.

My, My, My, What a shock.
sean1030

Paterson, NJ

#577 Nov 21, 2008
mackenize wrote:
Add President Clinton to the long list of people who deserve a share of the blame for the housing bubble and bust. A recently re-exposed document shows that his administration went to ridiculous lengths to increase the national homeownership rate. It promoted paper-thin downpayments and pushed for ways to get lenders to give mortgage loans to first-time buyers with shaky financing and incomes. It’s clear now that the erosion of lending standards pushed prices up by increasing demand, and later led to waves of defaults by people who never should have bought a home in the first place.
President Bush continued the practices because they dovetailed with his Ownership Society goals, and of course Congress was strongly behind the push. But Clinton and his administration must shoulder some of the blame.
In writing this blog entry, I’m following the lead of Joseph R. Mason, who is a finance professor at Drexel University’s LeBow College of Business, a senior fellow at the University of Pennsylvania’s Wharton School, and a consultant at Criterion Economics. Here is a link to a piece that he wrote on Feb. 26.
The Clinton-era document that Mason cites—“The National Homeownership Strategy: Partners in the American Dream”—was hiding in plain sight
on the website of the Department of Housing & Urban Development until last year, when according to Mason it was removed (probably because the housing bust made it seem embarrassing to the department). Mason credits Joshua Rosner of Graham Fisher & Co. with saving a copy of it before it was expunged.
The National Homeownership Strategy began in 1994 when Clinton directed HUD Secretary Henry Cisneros to come up with a plan, and Cisneros convened what HUD called a "historic meeting" of private and public housing-industry organizations in August 1994. The group eventually produced a plan, of which Mason sent me a PDF of Chapter 4, the one that argues for creative measures to promote homeownership.
The very worst idea in the plan, which fortunately never gained approval, was to let first-time homebuyers freely tap their IRA and 401(k) retirement-savings plans with no penalty to scrounge up a downpayment. That, HUD estimated, would have "benefited" 600,000 families in the first five years.
Plenty of other ideas in the plan did become reality, though. Knowing what we know now about the housing bust, the earnest language in the document seems faintly ridiculous. Here's an excerpt. Read it closely and you can see the seeds of disaster being planted:
For many potential homebuyers, the lack of cash available to accumulate the required downpayment and closing costs is the major impediment to purchasing a home. Other households do not have sufficient available income to to make the monthly payments on mortgages financed at market interest rates for standard loan terms. Financing strategies, fueled by the creativity and resources of the private and public sectors, should address both of these financial barriers to homeownership.
Note the praise for "creativity." That kind of creativity in stretching boundaries we could use less of. Mason puts it well: "It strikes me as reckless to promote home sales to individuals in such constrained financial predicaments."
Blame Clinton again.....YAWWWWN
sean1030

Paterson, NJ

#578 Nov 21, 2008
AirCav wrote:
He may not be a minority , but the programs that turned banks into idiots were intended to get minorities homes who should not have gotten them.
You can't have a racist program that only lends to minorities so of course stupid non minorities abused it just like the minorities.
CRA was not written for non minorities thought.
When I bought my first house I had to have 20% down and the bank checked my jobs ,bank accounts , references , and anything else they could think of.
I have a question for you. Who is more culpable , a bank that dangles a house in front of a person with no money down , or the person for accepting the terms.
I hold the bank responsible much more than the individual.
<quoted text>
YOU have a problem. It is NOT the banks fault. they are there to make a business deal. When you buy a house, it is up to YOU to know you can afford it....so if a person runs up $100,000 in credit card bills and can't pay them, you blame the credit card company? Of course not. The person borrowing the money has a legal obligation to pay it back. I am so sick of this "don't blame me" society. It's disgusting. Whatever happened to personal respnsibility.
In 1991, I bought my house. I was 27 years old, and making $26,000 per year as a teacher. I got a wonderful deal that allowed me to put almost nothing down..Credit wise,,,and income wise, I should have never been allowed to buy it. I've been late with ONE mortgage payment in 17 years. ONE...ONE..ONE... My house will be paid for in 2011. I went to bed hungry many nights to pay for my house. I missed going on many vacations..But it's about PERSONAL RESPONBILITY!!! You do what you have to do to get your mortgage paid.

“STILL HERE”

Since: Jul 08

THEIVELAND, OHIO

#579 Nov 21, 2008
Lawrence Wolf wrote:
<quoted text>Then follow from behind. Just stay on the road and keep moving. You'll get there.
as long as they get out of the way!!!
jeff

Rochester, NY

#580 Nov 21, 2008
hey pinheads the economy was doing Great during the Clinton era not til the Republicans took over did things go downhill
james

Wichita Falls, TX

#582 Nov 21, 2008
blondie

Somerset, KY

#583 Nov 21, 2008
jeff wrote:
hey pinheads the economy was doing Great during the Clinton era not til the Republicans took over did things go downhill
I didn't do so well under Clinton. How do you figure republicans made things go downhill?

Since: Aug 08

Ft Devens, MA

#585 Nov 21, 2008
james wrote:
http://www.sidwell.edu/admissi ons/tuition.asp
Ok and??? The majority of every Presidents' children attended Sidwell. Heck, that tuition is nothing my brother went to private boarding school costing more than that.
jeff

Rochester, NY

#586 Nov 21, 2008
blondie wrote:
<quoted text>
I didn't do so well under Clinton. How do you figure republicans made things go downhill?
thats cause your blond and look at a newspaper

Since: Oct 08

Palm Springs, CA

#587 Nov 21, 2008
Giant mistake!
blondie

Somerset, KY

#588 Nov 21, 2008
jeff wrote:
<quoted text>thats cause your blond and look at a newspaper
So when you have no answer you resort to insults. How nice. When exactly did Bush send our jobs overseas? Oh wait that was Clinton with NAFTA.

“STILL HERE”

Since: Jul 08

THEIVELAND, OHIO

#589 Nov 21, 2008
Nilbean a bootlickin worm wrote:
Why couldn't he pick Sarah Palin?
because she's a moron!!!

are you kidding?

she could maybe be secretary of enthusiasm.
great at riling up a crowd.
middleclass

Tucson, AZ

#590 Nov 21, 2008
mackenize wrote:
Add President Clinton to the long list of people who deserve a share of the blame for the housing bubble and bust. A recently re-exposed document shows that his administration went to ridiculous lengths to increase the national homeownership rate.
No banks for forced give bad loans -
CRA and other home ownership programs had little to do with the economic meltdown.
CRA was not involved with pass on lenders/mortgage originators who sold vast majority of toxic loans; but
even they were not the he main problem:
REad from horses mouth:
http://www.ajc.com/metro/content/shared-gen/a ...
Greenspan says flaw in market system
CRA
http://www.businessweek.com/investing/insight ...
http://www.prospect.org/cs/articles ...
http://www.house.gov/apps/list/hearing/financ ...
http://www.americanprogress.org/issues/2008/1 ...
http://www.americanprogress.org/issues/2008/0 ...
http://www.mcclatchydc.com/251/story/53802.ht ...
http://bigpicture.typepad.com/comments/2008/1 ...
http://www.amazon.com/tag/politics/forum ...
http://www.frbsf.org/publications/community/i ...
http://www.federalreserve.gov/newsevents/test .

“The Good, The Bad, & the Ugly”

Since: Aug 08

Upstate New York

#591 Nov 21, 2008
jeff wrote:
hey pinheads the economy was doing Great during the Clinton era not til the Republicans took over did things go downhill
Hey pinhead, there just might have been a little think called 9/11, and several trillion in debt fostered by Barney Frank, Chris Dodd, and Chuck Schumer, democrats all.
The last great period of prosperity in this country? Ronald Reagon and supply side economics. There's a reason it's being taught in every business school in the country.
BIlly

Cookeville, TN

#592 Nov 21, 2008
A good reason not to smoke Crack.
TheLuckiestGuyOn Earth

Amsterdam, Netherlands

#593 Nov 21, 2008
I am secretly in love with Hillary. Once she is appointed as the secretary of state I will have a great chance to watch her everyday on tv.
Ken

United States

#594 Nov 21, 2008
TheLuckiestGuyOnEarth wrote:
I am secretly in love with Hillary. Once she is appointed as the secretary of state I will have a great chance to watch her everyday on tv.
Aren't you the lucky one?

Since: Oct 08

Portland, OR

#595 Nov 21, 2008
Wow! So sad to see her give up on her Presidential aspirations, but I think something else might be up here too.

What do you wanna bet, that after serving for either his first or second term as Madam Secretary, he appoints her to the Supreme Court?

Oh boy, am I waiting forward to that day.
Cannon

Irving, TX

#596 Nov 21, 2008
AkroNat Turner wrote:
<quoted text>because she's a moron!!!
are you kidding?
she could maybe be secretary of enthusiasm.
great at riling up a crowd.
You couldn’t be a successful turd trying to find his way out of the toilet. Rude a**!

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