A Cap On Health Care, 'Unlimited' Assistance for Housing Agencies. Whee!
So we continue to prop up the housing market, probably because it provides the only positive economic news lately. Is this good for the long-term economy? I dunno, I guess it depends on how talented you are at pretending:
The Obama administration pledged Thursday to provide unlimited financial assistance to mortgage giants Fannie Mae and Freddie Mac, an eleventh-hour move that allows the government to exceed the current $400 billion cap on emergency aid without seeking permission from a bailout-weary Congress.
The Christmas Eve announcement by the Treasury Department means that it can continue to run the companies, which were seized last year, as arms of the government for the rest of President Obama's current term.
But even as the administration was making this open-ended financial commitment, Fannie Mae and Freddie Mac disclosed that they had received approval from their federal regulator to pay $42 million in Wall Street-style compensation packages to 12 top executives for 2009.
The compensation packages, including up to $6 million each to Fannie Mae and Freddie Mac's chief executives, come amid an ongoing public debate about lavish payments to executives at banks and other financial firms that have received taxpayer aid. But while many firms on Wall Street have repaid the assistance, there is no prospect that Fannie Mae and Freddie Mac will do so.
The administration faced a congressionally mandated deadline of Dec. 31 to increase the amount of aid it could provide to Fannie Mae and Freddie Mac, which together have already received $111 billion in assistance.
Treasury said Thursday that its decision did not mean the firms would need $200 billion or more apiece, but that it instead was seeking to assure markets that the government would stand behind the companies. In a statement, Treasury said the move "should leave no uncertainty about the Treasury's commitment to support these firms as they continue to play a vital role in the housing market during this current crisis."
Don't forget the unlimited amounts of pretend money dedicated to war enterprises for the sake of change and hope.
The purpose of Crooks and Liars is to keep small-minded individuals thinking in terms of the left vs. right garbage they've been trained to respond to.
(Farce) Limbaugh: "I hate to be such a downer on Christmas, but I have to face the reality that one day there’s going to be a middle aged white guy sitting in the Oval Office. And there’s going to be white children running around a white First Lady.
It’s too horrible to contemplate. I can’t take it. I need some medicine to get through this."
I need a cap just for covering my bald spot.
Diabolus est Deus Inversus
Propping up the housing market isn't a bad idea, particularly if it helped those being foreclosed on not lose their homes.
It also provides employment; the only problem is it heavily employs illegals, who send a large bulk of their money home to Mexico, where it leaves our revenue stream.
Their sent home money is considered something like the 2nd or 3rd biggest segment of the Mexican economy.
Diabolus est Deus Inversus
I think it's kind of twisted for all these Obama haters to act like this guy should be able produce results overnight. I'm so sick of the fair-weather progressives saying he should deliver on any of his campaign promises, or have a backbone, or morals, or principles, or a comprehensible belief system of any kind.
Bottom line, they're racists.
The purpose of Crooks and Liars is to keep small-minded individuals thinking in terms of the left vs. right garbage they've been trained to respond to.
Actually I'm burning out on Obama. He hasn't seemed to deliver anything but symbolism.
However, to over enthusiastic supporters of his during the election I always said not to expect too much until if or when he wins reelection. As a lame duck one might have little actual power since your on the way out the door, but that's the time for legacy building, and I'm hoping it could mean a restoration of basic Civil Rights lost under the reichwing.
If he tries to do that during his first term it might cost him the second.
Diabolus est Deus Inversus
Obama and his right hand man EMANUEL are forcing legislation down our throats to transfer American's wealth and Power into the pockets of the Corporate Monopolies ,,,instead of helping the American citizens.
Obama never repel the Bush tax cuts to the top 10 percent of Americans. Cost of over 1 trillion dollars.
Obama never renegotiated the free trade bill.. This have help outsource over 7 billion American jobs.
Obama has even let there be an increase of work visa for foreign workers to come into our country to take our jobs.
Obama has policies have done very little to help Americans but in fact his actions and lack of actions on issues have cost Americans their jobs , social program while still enforcing Bush / Cheney's dictatorial policies.
The outsourcing of jobs has to stop sooner or later because they are running out of Americans to lay off..
Obama and Emanuel are phonies and should have ran on the republican ticket..
But this has become the policies of the Republican party... They run their extreme right wing candidate on the republican ticket and their right wing or moderate republican on the democratic ticket. We have become like sheep and vote for however Emanuel , who is building his centrists and Blue dog force in the democratic party funds , supports and put on our democratic ticket..
So here we are with the left HAND of the Republican party controlling the democratic party...
It has become a win ,,, win for the republicans....
The democratic candidate also have to kiss the a.. of the AIPAC and their other organizations for them to pass their smell test in order to win..
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I recommend you review your stance as defender of "progressive" purism, because it seems you don't know much regarding politics. At least I'd ask you to get a political education before bashing progressives for not falling in line behind a moderate conservative.
Are Americans that bloody ignorant regarding basic ideological and political knowledge?
Actually the reality is political labels are all relative.
There's not litmus tests for any of them, or on party affiliation, like a creedal or a 39 Articles they have to sign off on.
So the question is progressive compared to what?
Diabolus est Deus Inversus
"Progress" is simply a comparative of which we have not settled the superlative. We meet every ideal of religion, patriotism, beauty, or brute pleasure with the alternative ideal of progress—that is to say, we meet every proposal of getting something that we know about, with an alternative proposal of getting a great deal more of nobody knows what. Progress, properly understood, has, indeed, a most dignified and legitimate meaning. But as used in opposition to precise moral ideals, it is ludicrous. --G. K. Chesterton
That's a pretty good summary of progressives. They're bent on something, but they can't define it so they just call it progress and hope for the best, and make fools of themselves in the process. Mostly they're passionate about what they're against, which is people with the wrong label.
The purpose of Crooks and Liars is to keep small-minded individuals thinking in terms of the left vs. right garbage they've been trained to respond to.
... on a nonsensical quote, taken out of context, and coined by an anti-semitic mediocre writer? Really?
Again, what makes Mr. Obama (who is for all intents an purposes a neo-liberal) worthy of the support of progressives and liberals, who are people who belong to an ideological orientation which is rather divergent from Pres. Obama's?
Accusing progressives of being at fault for daring not support Mr. Obama, is akin to criticise tories for not singing the International on May Day.
Can forget the progressive if you wish and Obama as a democrat is still a liar and a phony..
Obama words and promises do not meet the smell test when it comes to his actions..
Obama never repel the Bush tax cuts to the top 10 percent of Americans. Cost of over 1 trillion dollars.
Obama never renegotiated the free trade bill.. This have help outsource over 7 billion American jobs.
Obama has even let there be an increase of work visa for foreign workers to come into our country to take our jobs.
Obama has policies have done very little to help Americans but in fact his actions and lack of actions on issues have cost Americans their jobs , social program while still enforcing Bush / Cheney's dictatorial policies.
So after selling Americans a piece of crap about a change and a transparent government , you has shown that it is just the 3rd term of the Bush / Cheney destruction of our country and people's rights..
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In an interview with The Washington Post on Tuesday, President Barack Obama challenged his critics to identify any "gap" between what he campaigned on last year and the health care legislation Congress is on the verge of passing.
SO HERE WE GO..
Obama BS and deceit on the campaign trail...
"If a mandate was the solution, we could try that to solve homelessness by mandating everybody buy a house," he said on a CNN morning show on Super Tuesday during the election. "The reason they don't have a house is they don't have the money. So our focus has been on reducing costs, making it available. I am confident that if people have a chance to buy high quality health care that is affordable, they will do so. And that's what our plan does, and nobody disputes that."
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Again Obama's BS and deceit on the campaign trail
Obama ripped into his general election opponent, John McCain, for supporting a tax on private insurance, blanketing swing states with mailers and ads saying that McCain was raising taxes and that his plan would lead employers to drop coverage.
"He gives you a tax credit with one hand -- but he raises your taxes with the other," Obama said at the time. "Many employers will drop their healthcare plans altogether."
**
Now after Mr. Obama has received our votes with his deception he does what he campaign against..
The mandate and the tax are now major portions of the Senate bill. Indeed, within months of inauguration, Obama was opening up to a tax on benefits. And while McCain's tax would have immediately captured more plans, Obama's tax on insurance -- aimed at so-called "Cadillac plans" -- will capture
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Here is another campaign in which Obama lied his a.. off to receive our votes...
Wednesday, September 24, 2008 ----Obama's speech from Dunedin, Florida
http://speeches.demconwatchblog.com/2008/09/o...
BUT OF COURSE SOME REPUBLICANS STILL BELIEVE THAT THEIR HERO BUSH AND CHENEY WERE GREAT...
And Obama and the democrats let this happen by not having the balls to investigate and prosecute the worst group of criminals in our history.
But Obama is starting to rack up his own corrupted policies while protection Bush's criminal crimes..
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political ideology is well defined and classified, thus there is no room for "relativism."
Sure for a troglodyte who just discovered fire, the concept of orientation may be a relative one. But for a modern human having access to a compass, orientation is not a matter open to debate. There is nothing relative about North, South, East, and West when there is a well defined frame of reference.
Looking at most of the current cabinet in this US presidency and its policies, most of them are centre-right. Nothing relativistic about them. And no matter how hard one tries to spin, Mr. Obama does not even consider himself a progressive, he has openly said what a great chap bloody Ronald Reagan was, has he even admitted a similar level of passion for an unabashedly leftist politician/figure? No.
I am fascinated why liberals in the USA are being berated for not supporting through thick and thin someone who is not even remotely liberal.
-that stings!
have you read the article?
there is nothing about foreclosure.
this is about propping up a failed instutution created by congress so it can stay solvent and pay back the people who bought unguaranteed(!) fannie and freddie debt. it even said so right on the front page of the prospectus, that this debt is not guaranteed by the US government.
bankrupting the country for the chinese, japanese, and some wallstreet banks.
not helping people being foreclosed on.
They have even increase the number of work visa for foreign workers to come into our country and take our higher paying jobs...
This government has no intentions of stopping the lost of American jobs or building the economy for American workers , seniors or helping the poor.. The only decrease in unemployment is the fact that the amount of jobs they can outsource is running out and the people looking for jobs have exceeded their time span..
They are throwing all of us into one big pot and spreading the so called trickle down theory BS to all of them while they rape our country and steal our wealth and power...
The republicans should shut the mouths , because their Heroes in the previous administration are the ones which raised the level of destruction to our country while destroying our democracy and rights.
The previous administration was waving the flag , shooting their total BS about their patriotism , building up the fear factor to one of the highest levels Americans have ever known , while transferring our wealth and power to the Corporate monopolies and creating a dictatorial government of our nation..
We both are in the same boot which they have shot full of holes and sinking... But instead of attacking the two parties which have done this we are at the throats of one another...
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and they never will. It's George W. Bush: Term 3.
NOBODY 2012
-isn't it an interesting coincidence that we had a real, actual, genuine Terrorist Incident so close to the time our President and COS are selling America?
Love 'dem shiny objects, which are always closer than they appear in the mirror.
It would be a play out of Karl Rove's playbook.
Meet the new boss...
NOBODY 2012
Better a cap on health care
Than a cap 'n the ass.
Diabolus est Deus Inversus
this cap on health care costs is best for america and its future.
we cannot afford to throw money down the drain on health care.
if we cannot make mega dollars off the sick and needy what good is our form of gov.
it is competition that will drive the cost down.
this competitive approach has made america what it is today. everyone in the world wants to live condi rice said that and I believe her and bush and cheney.
they would not lie to us after all bush was born again.
we are a peace loving nation and people with love and compassion as all christians should be.
if people cannot afford health care insurance that is their problem; am I my brothers whatever?
CEO's deserve that money they have to work hard finding ways not to pay benefits.
we are the greatest nation on earth and best in everything.
there is no greater nation on earth.
there is no greater gift from god than captialism where the rich get richer and the poor get poorer. jesus said the poor will always be with you we are just doing this work for jesus.
what other country will spend the time and effort to kill one million vietnamese in our battle to wipe out communism on this earth.
now you know and I know who we must wipe out. we have two wars going now to do just this. time to invade iran and finish the job.
besides we deserve that oil we are americans. we deserve everything we want. ask any real american that like palin, bill o and russ who are true patroits of this country and fought in our wars for peace.
god bless we americans we are truly god's children.
signed
just your average christian and fox viewer repub.
Because people you think you're superior to adhere to a set of ideas doesn't make every idea they have false. Obama is obviously very fond of most of Bush's ideas, after all, if we consider his policies.
The notion of competition is valid. Someone like you needs to grasp that competition goes two ways. In a government-controlled environment, there is no competition, or opportunity to challenge, negative forces. This is why corporations run things in the world you live in, because they have made deals with the government or otherwise control it. So if one argues for true competition--that is a removal of regulations beyond equal protection under the law--they're arguing for a removal of control devices that corporations can take over and use as they will. Bush et al might have used the rhetoric but they never seriously argued for such a thing.
I do believe the whole universe has been defined for you by your TV.
The purpose of Crooks and Liars is to keep small-minded individuals thinking in terms of the left vs. right garbage they've been trained to respond to.
comes very apropos as a reply.
Rhetoric is a fine substitute for substance, I've always thought.
I've never seen the ideas I presented above on TV, but then I don't watch TV. As I understand it, all you get from the idiot box is right v left horse manure, at least half of which is parroted by "researcher" above. So I don't see the substance in your statement.
I was referring to a mechanical issue of government power. You should look into it. Prove or disprove my premise for your own understanding. Much better than wasting your time trying--and failing--to be cute.
The purpose of Crooks and Liars is to keep small-minded individuals thinking in terms of the left vs. right garbage they've been trained to respond to.
This is not at all about propping up the housing market. This is about propping up the phony assets of another of the array of operations that brought about the largest fraud in the history of the world.
The GSEs were not the first or the worst but they did get to the party of mortgage hucksters and the taxpayer is on the hook but good.
statusquObama, change you can only pretend in
All the money-investment heading to BRIC. Brazil-Russia-India-China . .
emerging "consumer" nations. . .
& we are going to go through some kind of fundamental change. I don't know what that ultimately means, other than a lower standard of living. It is a really weird time in our history, but I don't know how many other people sense that these days.
this is more "privatize the profits, socialize the losses" stuff. You are right Alice, it is just propping up the phony assets, but the thing is, I don't see how it is possible. They can try to hold the bubble up, but that sucker is definitely gonna sink-and drag the country down with it.
The way I see it, the housing market won't be "normal" for about 5 more years. At least.
Change ? Too friggin late . The sale has already been completed , it's a done deal , our government now owned by huge corporations and Wall Street , disowned us , gutted and sold off this country in the name of bigger profits for huge corporations and the Wall Street fat cats .. their owners .Think they care about we the people or this country anymore ? You are dreaming , those days are long gone , they are international now baby , it's the new world order as Bush Sr. proclaimed ! Best start learning Chinese .
Insanity , it is what it is , there is no understanding it .
living standards are now that of a third world country for most of Americans.. They are making us beg for a job , a place to live while they have shipped American manufacturing plants and jobs overseas.... They have destroy any control American workers or unions may have to restrict the corruption and abuse by these corporate monopoly EMPIRES upon our citizens.
They even suck twice as much money for half the benefits than other industrial countries...
Debunking Canadian health care myths
http://www.denverpost.com/opinion/ci_12523427
American corporations have join into partnership with countries like China , India , Japan , S, Korea , Britain , Germany , Mexico , Canada and any other to stop restrictions on safety , pollution and other standards in which they can save a piney or two and stop any control over their criminal actions...
We are constantly bombarded with products from their partners overseas from the products made there which has poison and other contaminates which poison and kills our children and other citizens with nothing we can do about it...
Their goal is for world control of a human work slave market and the first step is to totally destroy our country and its' workers from having any control or power over them...
Our constitution and laws mean nothing to them and our paid elected officials are deep in their pockets..
Now everything these corporations or the government say or do they use catches little word phases to hide their deceit and destruction in their policies and legislation.
Like using Global corporations ,,,, instead of Giant Corporate monopolies...
Freedom fighters instead of destroyers of nations..
The elected officials have become so arrogant in their actions and legislation they pass they are on the take from these corporate giants out in the open..
You can tell this by their latest wealth they have accumulated from the Banking , Health and Drug monopolies.
Obama criticized McCain on the campaign trail for what he called a bait and switch for a health policy , yet has done the same damn thing in his health policies in which he has even made a mandate to force it down our throats...
We have become sheep for the democrats , as the republicans have for their republican party in the past...
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Republicans and democrats which both are being feed money for their votes...
http://www.opensecrets.org/capital_eye/financ...
******
Wednesday, September 24, 2008.....Obama's speech from Dunedin, Florida
http://speeches.demconwatchblog.com/2008/09/o...
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