Obama II: What will the next four years hold?
The National Mall at sunrise, photo courtesy of blog poster Brosephus
Barack Obama was officially if informally sworn into office for the second time Sunday, but the formal, public ceremony is taking place today, on a bright, cold Martin Luther King Jr. Day, with Obama taking the oath on bibles owned by King and President Abraham Lincoln.
We’ll be live-blogging the rest of the ceremony ….
11:38 — A nicely done, dignified prayer by civil rights leader Myrlie-Evers Williams, a woman who has seen a lot.
11:41: With Sen. Schumer of New York as inaugural planner, it’s understandable that a Brooklyn choir is doing the “Battle Hymn of the Republic.” But really, a southern choir would have done it righteously.
11:47 Taking his oath, Biden’s just repeating what Sotomayor is saying. Didn’t he get in trouble for that once?
11:51: Obama takes oath, with one small stumble certain to cause comment among a few. The Capitol looks resplendent.
11:58: A call from Obama to the necessity of joint, unified action. “My fellow Americans, we are made for this moment, and we will seize it if we seize it together.”
12:03 “Social Security, Medicare … do not make us a nation of takers”
12:04: A call to action on climate change. The first real news of the day, committing to a second-term goal.
12:08: A strong embrace of gay rights, equal respect, immigration reform … a broadening of the American family.
12:10: “We cannot mistake absolutism for principle.” I suspect that was directed to some Dems as well as Republicans.
12:12: A relatively brief address by the president, with talk of national unity and purpose interspersed with indirect if sharp reminders of issues that divide us.
12:20: A rather prosaic effort by poet Richard Blanco.
12:31: But a stirring version of the Star Spangled Banner by the lovely and talented Beyonce to close the ceremony.
– Jay Bookman
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937 comments Add your comment
Recon 0311 2533
January 21st, 2013
2:51 pm
What will the next four years hold….hopefully not an irreversible turn around from the destruction of the USA that began in his first term.
Mick
January 21st, 2013
2:52 pm
thin
**Hopefully, armed revolution**
Look, we survived eight long years of bush and how did it end? Bankrupt and the economy reeling, look where we are at today and your advocating armed revolution?
Even though I greatly disliked the previous president and his policies, the level of hate an unhinged thought regarding president obama is an embarassment to the country and the american way…
Chris Salzmann
January 21st, 2013
2:52 pm
F. Sinkwich @ 2:04 pm : No quotes, huh? Figures…
________________________________________________________________________________
The jab was at Paul Ryan. Here’s Paul Ryan’s quote and the entire video is attached:
“So we’re going to a majority of takers versus makers.”
http://www.motherjones.com/politics/2012/10/paul-ryans-47-percent-takers-vs-makers-video
Now to take a quote from Downton Abbey “Now sit down and be silent, Sir!”.
Sound advice Sinkwich. Stop digging while you’re ahead.
Stevie Ray..Clowns to the left and Jokers to the right..here I am...
January 21st, 2013
2:53 pm
Corbin Sharpe. I think, therefore I am…I think.
January 21st, 2013
2:46 pm
Sorry to disappoint but the way I see our continued war mongering justified by some absurd notion that our shores are at risk is not only a huge waste of money but shows no change in our imperialistic ways. No different from France and Vietnam and now Mali…any president who decides to push an agenda to keep our noses firmly out of others tents will me my hero.
It seems to me that the lower middle class who is suffering so would benefit greatly from a few hundred billion annually that we should shake loose from our BS defense efforts…we haven’t fought a war since WWII that we needed to lose lives over.
We shouldn’t be sending drones period and who are you to suggest that an innocent life over there is worth less than one of ours?
RCH
January 21st, 2013
2:53 pm
Hopefully Impeachment and a double cell for Prez BO and Bite me.
Thulsa Doom
January 21st, 2013
2:53 pm
It’s official. Micks anecdotal evidence of some migrating cranes confirms that all along we’ve been in the midst of an enormous building boom. We just didn’t know it.
Jackie
January 21st, 2013
2:54 pm
@Recon
Please articulate some of the points that you cite to determine will cause the destruction of the USA.
Don Abernethy
January 21st, 2013
2:54 pm
Next four years? Our country may not make it another 4 years under this administration.
getalife
January 21st, 2013
2:54 pm
Our cons still think facts don’t matter and are just typing bs.
That will not change.
They will stay the course to give our President the house.
Butch Cassidy (I)
January 21st, 2013
2:55 pm
Don Abernathy – “Our country may not make it another 4 years under this administration.”
Oh my, sounds serious. When are you leaving?
josef
January 21st, 2013
2:55 pm
GOOD FIGHT
“assenisity”
Great one!
Don Abernethy
January 21st, 2013
2:56 pm
Jay can repeat his attack on conservatives but when we try to defend ourselves the liberal AJC says sorry “duplicate statement”.
Keep Up the Good Fight!
January 21st, 2013
2:57 pm
Oh look, the groundhog preppers have poked their heads out for the inauguration and seen their shadows of destruction. Back into the hidey hole for 4 more years.
getalife
January 21st, 2013
2:57 pm
don the con,
ODS much?
BlahBlahBlah
January 21st, 2013
2:57 pm
Our Federal Government perpetually spends $1 trillion more a year than it collects in taxes, with seemingly no end in sight to that pattern. By definition, I think that DOES make us a nation of takers.
Doggone/GA
January 21st, 2013
2:58 pm
“but when we try to defend ourselves the liberal AJC says sorry “duplicate statement”.”
You only need to click “Submit comment” one time
Thulsa Doom
January 21st, 2013
2:59 pm
What’s this talk about war mongering? A Nobel peace prize winner would never drone bomb civilians. Nevuh!Ooo
Recon 0311 2533
January 21st, 2013
3:00 pm
Jackie, the ignored debt crises, a continued fragile economy and the ACA.
Adam
January 21st, 2013
3:00 pm
Are we really getting into the housing crisis? Here’s what you need to know about the causes and what did NOT cause it:
Fannie and Freddie and CRA and Democrats and Barney Frank and “Affordable Housing” and “Affirmative Action” did NOT cause the housing crash:
Fannie, Freddie, and the CRA are Not Responsible for the Financial Crisis
www. cbsnews.com/8301-505123_162-39741513/fannie-freddie-and-the-cra-are-not-responsible-for-the-financial-crisis/
“The second explanation, one pushed by free market advocates, is that government involvement in housing markets to encourage home ownership caused the financial market problems. In this story of the crisis, the Community Reinvestment Act, Fannie and Freddie, Democrats promoting home ownership, and the middle and low income households that received home loans they couldn’t afford are cast as the villains. Had government stepped out of the way and pursued laissez-faire policies, the crisis would not have happened.
“However, the evidence does not support the second explanation. First, with respect to the CRA, the main culprits in the crisis were private sector financial institutions that were not subject to the requirements of the CRA. In the story being pushed by free market advocates, the CRA forced banks to make loans to unqualified, low-income households. When those loans blew up, it caused the financial crisis. But the largest players in the subprime market were private sector firms that were not subject to the CRA’s rules and regulations. For example, “Only one of the top 25 subprime lenders in 2006 was directly subject to the housing law that’s being lambasted by conservative critics.” The largest losses had nothing to do with banks covered by the CRA.
“Second, even if the banks themselves were subject to the CRA, not all loans that they made were covered by these rules. Even in banks where the CRA applied, most of the problems were in loans that did not fall under the CRA’s jurisdiction.
“Third, the CRA has been in existence since 1977. If the CRA was responsible, why didn’t the crisis occur sooner? The timing simply doesn’t match up.
“Fourth, the CRA only applies to domestic firms, but the crisis occurred in many countries. If the CRA is the problem, why did countries that had nothing like the CRA experience similar problems?
“Fifth, even if this story had any validity, both parties promoted an “ownership society,” so blaming Democrats alone is about politics, not reality.
“Thus, the evidence against the claim that the CRA was an important factor in the financial crisis is quite strong and, turning next to Fannie and Freddie, the evidence here is also compelling. ”
…
Conclusions Of The Financial Crisis Inquiry Commission
fcic-static. law.stanford.edu/cdn_media/fcic-reports/fcic_final_report_conclusions.pdf
“We conclude that these two entities contributed to the crisis, but were not a primary cause. Importantly, GSE [government-sponsored enterprises, i.e., Fannie Mae and Freddie Mac] mortgage securities essentially maintained their value throughout the crisis and did not contribute to the significant financial firm losses that were central to the financial crisis. ”
….
Private sector loans, not Fannie or Freddie, triggered crisis
www. mcclatchydc.com/2008/10/12/53802/private-sector-loans-not-fannie.html
“Commentators say [a government push to make housing more affordable to Americans of more modest means is] what triggered the stock market meltdown and the freeze on credit. They’ve specifically targeted the mortgage finance giants Fannie Mae and Freddie Mac, which the federal government seized on Sept. 6, contending that lending to poor and minority Americans caused Fannie’s and Freddie’s financial problems.
“Federal housing data reveal that the charges aren’t true, and that the private sector, not the government or government-backed companies, was behind the soaring subprime lending at the core of the crisis.
“Subprime lending offered high-cost loans to the weakest borrowers during the housing boom that lasted from 2001 to 2007. Subprime lending was at its height from 2004 to 2006.
“Federal Reserve Board data show that:
-More than 84 percent of the subprime mortgages in 2006 were issued by private lending institutions.
-Private firms made nearly 83 percent of the subprime loans to low- and moderate-income borrowers that year.
-Only one of the top 25 subprime lenders in 2006 was directly subject to the housing law that’s being lambasted by conservative critics.”
….
A global view of the housing bubble
www. mckinseyquarterly.com/newsletters/chartfocus/2009_10.htm
“Although the current crisis started with the bursting of the US housing bubble, other economies around the world are feeling the effects of their own real-estate booms and busts. From 2000 through 2007, a remarkable run-up in global home prices occurred (see exhibit). But that trend has reversed abruptly. In 2008, the value of US residential real estate fell 10 percent; the global average fared only somewhat better, declining by almost 4 percent. We estimate that falling home prices erased more than $3.4 trillion of household wealth in 2008. And because home prices are slow to correct, the current slide may persist for some time, which could depress global consumption.”
Stevie Ray..Clowns to the left and Jokers to the right..here I am...
January 21st, 2013
3:01 pm
Can anyone tell me one thing this guy said today that was different than all his promises in 2008? Immigration, the “I will bring us together..”, Medicare and SS makes us not takers…(I agree but wait until we get to the point were only 2 workers are supporting one SS retiree), global warming/climate change….he should have thrown in reducing lobbyist influence in DC but I guess he learned last time that even he can’t survive without private money…
more of the same….promises, promises….
middle of the road
January 21st, 2013
3:01 pm
“I’m gonna go out on a limb and make a not so bold prediction. More debt. Lots more.”
I think that is a pretty sure bet. The thing is, it would be the same if Romney had won. It would be the same if both houses of congress were Republican AND Romney won.
Adam
January 21st, 2013
3:01 pm
Any conservative who makes statements about armed revolution and/or civil war and then turns around and says it’s really “the left” that is full of hatred and causing all the problems of division and so on in this country, needs their head examined.
mm
January 21st, 2013
3:04 pm
More con beatings until morale improves.
Doggone/GA
January 21st, 2013
3:05 pm
“then turns around and says it’s really “the left” that is full of hatred and causing all the problems of division and so on in this country, needs their head examined”
Heck, they’re just using the same mindset that leads them to say Obama is “the most divisive President ever” They get a D President. Vow to make him a one-termer. But it’s HIS fault they’re divisive. Typical. They’re the only ones NOT at fautl. Din’tcha know that?
BADA BING (imagine an umlaut above the i, I'm trying to class this place up a little)
January 21st, 2013
3:05 pm
A person stabbed at the Dome after the Atlanta game? I thought Ray Lewis was in New England.
Jackie
January 21st, 2013
3:05 pm
@Recon
If you will examine those items that you articulated, it appears they all fall under the prevue of the House of Representatives, the controllers of the spending in our government.
Jase
January 21st, 2013
3:06 pm
What will the next four years hold? A few Americans will have that “I cannot believe I just stepped in dog poop” feeling. Many more Americans will have that “I cannot believe I stepped in dog poop again” feeling. The remaining majority of Americans will just walk around with dog poop on their shoes – thinking dog poop is a good thing. Long story short, we may be eating dog poop in the next four years – having been convinced by our leader(s) that dog poop tastes like chicken.
Stevie Ray..Clowns to the left and Jokers to the right..here I am...
January 21st, 2013
3:06 pm
Adam
January 21st, 2013
3:00 pm
To your post before noon re what BO could do to enhance minority unemployment..I trust MLK would be looking at improving edcuation and offering more technical training…of course they all promise that but never really do anything but throw money at solutions that don’t address the problems..
To your most recent, I don’t know exactly how the packaged notes traded and insured at less than 2% in the market compare in numbers to Freddie and Fannie, but the rating agencies IMO are the most glaring cause that no one wants to surface. Of course they are held harmless from any consequences of under researched ratings…
obamaSINLADEN
January 21st, 2013
3:07 pm
stupid question. we all know the answer to that. tribulation.
Jm
January 21st, 2013
3:07 pm
“The thing is, it would be the same if Romney had won”
False
Speculative
Class of '98
January 21st, 2013
3:08 pm
Yeah, Adam if it’s on the internet, it MUST be true.
Bonjour.
Robert Lee - Cogito ergo zoom
January 21st, 2013
3:09 pm
Yall lost. A black man is starting his second term as President of the United States of America.
I know that lots of people don’t agree but it is what it is, and its time to do what yall told us to do for years, respect the office even if you don;t like the man in it. Failure to do that shows us how little character you possess.
Stevie Ray..Clowns to the left and Jokers to the right..here I am...
January 21st, 2013
3:09 pm
middle of the road
January 21st, 2013
3:01 pm
Of course..but Romney wasn’t elected and our guy has zero real iron clad spending reduction agenda that will ever be realized. Politically too dangerous to his beloved party. That blaring noise you hear coming from the East…its the roar of the Chinese and other US debt holders’ delight that we are guaranteed to require a minimum of $4 trillion in credit capacity….maybe they will even get a couple more basis points this time around….
Welcome to the Occupation
January 21st, 2013
3:09 pm
Monger alert
Stevie Ray..Clowns to the left and Jokers to the right..here I am...
January 21st, 2013
3:12 pm
Interesting read considering how smug BO supporters are about his approval rating..
http://www.realclearpolitics.com/epolls/other/obama_vs_bush_election_day_job_approval.html
Jm
January 21st, 2013
3:14 pm
Stevie
Not if the fed keeps printing money (basis points)
Of course one day we will get to suffer the effects of much higher inflation
By that time Obama will probably be gone and they will blame it on cons somehow
Welcome to the Occupation
January 21st, 2013
3:16 pm
Thin Guy: “The only glimmer of hope is in 2014 when zerøØcare is shoved down our throats by the tyrannical Kenyan Nincompoop which will totally destroy our healthcare system ”
Destroy our healthcare system?
Which healthcare system? The one that’s private-market based and which through Obama’s ACA had its privatized profit model locked in for generations to come? That the one that’s getting “destroyed”?
Thulsa Doom
January 21st, 2013
3:16 pm
Adam,
You’re forgetting that a lot of these private lending institutions began making loans under the threat of lawsuits if they didn’t lend more to minorities. For 100 years banks had a profitable business of lending to credit worthy applicants. And then all of a sudden they start making all kinds of crazy loans? Why? Cause of greed? As if they were never greedy in the previous century of lending? Lending intuitions were pressured into making loans that they had historically never made and that is the root cause of the crisis whether folks want to admit it or not.
Class of '98
January 21st, 2013
3:17 pm
Respect the office? Yeah because dims are SO good at that.
No “Bushitler” signs, no nightly “Great Moments in Presidential Speeches” on Letterman, no hearty laughs from the left when Bush ducked a thrown shoe.
Nope, none of that ever happened. Dims were always 100% respectful towards Bush. Always.
Jm
January 21st, 2013
3:17 pm
Doom
Don’t bother
They will never learn
Mick
January 21st, 2013
3:18 pm
doom heathen
Yes, those cranes are popping up all over the place and by spring even more cranes are expected…you’ll really don’t want to hear good news about jobs do you? Kind of messes up your never ending gloom and doom narratives; I’m just glad that things are starting to open up down here in paradise…
Jm
January 21st, 2013
3:18 pm
I wonder what the beast can do
Shoot missiles?
Welcome to the Occupation
January 21st, 2013
3:19 pm
Class of ‘98: ” It is one of the great fallacies of our age that “greedy wall street bankers” caused the economic crisis”
Yeah, it’s up there alright.
Right up there with old standards like crime, it’s all the fault of the criminals, or, gangsterism, it’s all the fault of the gangsters. Just totally doesn’t follow, lol.
Jm
January 21st, 2013
3:19 pm
Mick
The FL economy is very different than the GA economy
Thank tea party Scott versus congressional dirtbag Deal
Johobo777
January 21st, 2013
3:20 pm
Another four years with an unintelligent, bigoted so-called black man as our ‘leader’. Shame.obama has proven he has no problem solving skills, hates America and since he’s never really worked a day in his life, he can’t manage the position he’s in. I will pray for his failure in everything he does.
Oscar
January 21st, 2013
3:20 pm
it will be interesting to see how our heath care system plays out. i see insurance premiums going up even more. companies dropping helth coverage and paying the tax. youn peopl paying the tax and people that ca not afford heath insurance still not buying it because they can’t affor it.
thn what. who knows?
UNCLE SAMANTHA
January 21st, 2013
3:20 pm
What will the next four years hold?
THE OCEANS WILL RECEDE
AND THE WEALTH WILL BE SPREAD
Stevie Ray..Clowns to the left and Jokers to the right..here I am...
January 21st, 2013
3:21 pm
Jm
January 21st, 2013
3:14 pm
Yeah, I understand the we have gone from 800 billion in circulation to 2 trillion….more cash more debt more debt service, less revenues and vastly increased citizen obligations going forward…other than that Mrs Lincoln, how was the play?
Jackie
January 21st, 2013
3:22 pm
Inflation occurs when too many dollars chase too few goods.
Given that are economy is working at a diminished capacity, meaning we have slack in the economic capacity, inflation will not occur with the printing of money – the medium of exchange – with the US dollar being the bellwether.
UNCLE SAMANTHA
January 21st, 2013
3:22 pm
Oscar
January 21st, 2013
3:20 pm
it will be interesting to see how our heath care system plays out. i see insurance premiums going up even more. companies dropping helth coverage and paying the tax. youn peopl paying the tax and people that ca not afford heath insurance still not buying it because they can’t affor it.
thn what. who knows?
====================================================================
THATS WHAT LIBERALS WANT…………..
then when it hits the fan they can give the solution they’ve wanted all along
ONLY THE FEDERAL GOVT CAN DO HEALTHCARE SO THEREFORE WE NEED A SINGLE PAYER
TBS
January 21st, 2013
3:23 pm
“Lending intuitions were pressured into making loans that they had historically never made and that is the root cause of the crisis whether folks want to admit it or not.”
They were pressured into giving 400k loans to individuals making 100k? And other crazy examples along those lines
And then bundling these loans and trading them as if the sky was the limits? They were pressured under threat of lawsuit?
Without a doubt there are sure of a lot of “starter homes” where individuals didn’t pay, but anytime you like let me know when you want to take a drive to Buckhead, Alpharetta, Peachtree City, Suwanee, Cumming, etc. Lot of high end foreclosures and houses that were started and never completed
Class of '98
January 21st, 2013
3:23 pm
Dissent is patriotic. I heard that about ten gazillion times from the left 2000-2008. And I don’t respect BHO. I think he is a snake oil salesman who is really, really good at telling envious, self-pitying, ignorant people what that want to hear in order to realize his own personal ambition.
Stalin called them “useful idiots”. Obama, to his credit, has made full use of them.
Oscar
January 21st, 2013
3:24 pm
class. i understand your delimina. i was in the real estate industry and saw first hand what was going on.
it helps your conscience to blame someone else for the faact that you and your company made bad loans and passed the losses on to some one else. selling bad loans represented as good loans constites fraud, and no one wants to admi to that.
getalife
January 21st, 2013
3:24 pm
cons,
When are you going to fix your failed party and failed ideology?
You have to move left out of rw radical extremist territory.
Mick
January 21st, 2013
3:25 pm
jm
Thank rick the disaster scott? The fool who tried to suppress the vote? I think we should be thanking the precious capitalist system and the demand for more high rises fueled by brazilians and their love of florida. Thank the genting corporation that will demolish the old miami herald building and start work on a $300 million dollar destination resort.
You have a lot to learn about florida my friend, one thing is an almost certainty, rick the disaster scott is a one termer…
Jay
January 21st, 2013
3:26 pm
Wow, the second inaugural has brought the irrational Obama haters out of the closet again, I see. The whole bunch must have been weaned with vinegar.
Doggone/GA
January 21st, 2013
3:26 pm
“Lending intuitions”
Maybe they should have relied on due diligence instead of intuitions
Atlanta Native
January 21st, 2013
3:26 pm
Jase…Mark Twain said what you said….“It’s easier to fool people than to convince them that they have been fooled.”
Jm
January 21st, 2013
3:27 pm
Oscar re healthcare I think you’re right
“inflation will not occur with the printing of money”
Until said slack is gone. Then inflation will rear its very ugly head
TBS
January 21st, 2013
3:28 pm
Hey man, this is Joe over at Wachovia in Atlanta, how are things going? yeah you got it. Government is on my ass to sell these bundles. They are going to sue us if we don’t. I will send the info right over, hoping to close out this trade today.
Thanks again.
Jm
January 21st, 2013
3:29 pm
Mick
He may be a one termer
But he’s done a good job turning around the FL economy
Jackie
January 21st, 2013
3:30 pm
@Class
How do you make a determination that those who support President Obama are self-pitying and ignorant people who want to hear anything the President has to say?
Curious?
Adam
January 21st, 2013
3:30 pm
Class of ‘98: Yeah, Adam if it’s on the internet, it MUST be true.
Bonjour.
A useless dismissal of investigative journalism.
Oscar
January 21st, 2013
3:30 pm
uncle – that is a real possibility for the future. not the only one. there could be another outcome. insurance companies offering policies with hih deductables. doctors and hospitals charging less.
Adam
January 21st, 2013
3:32 pm
Thulsa Doom: You’re forgetting that a lot of these private lending institutions began making loans under the threat of lawsuits if they didn’t lend more to minorities.
How can I forget something that never happened?
Or do you have sourced material that shows this is why the private lenders decided to lend, and not the packaging scheme?
Elections Have Consequences
January 21st, 2013
3:32 pm
“Obama II: What will the next four years hold?”
Munch’s ‘The Scream’ comes to mind…
Atlanta Native
January 21st, 2013
3:32 pm
Jay….we are doing exactly what you wanted….you threw in the grenade…we are ALL just arguing over what the next 4 years hold.
josef
January 21st, 2013
3:32 pm
IMAM
Kind funny what comes out of the closet at the strangest times, isn’t it?
DOGGONE
Beat me to it!
getalife
January 21st, 2013
3:33 pm
cantor just shot down the corporate media “liberal” theme and said we do need to come together to help the other Americans not just the wealthy.
That is a shift in ideology from the gop if they actually do it.
Adam
January 21st, 2013
3:34 pm
Munch’s ‘The Scream’ comes to mind…
Oh, you mean like this?
https://www.commondreams.org/files/images/edtoon.jpg
Jm
January 21st, 2013
3:34 pm
Liberals re-elect people who do a crummy job and vote against successful governmental administrators
Consistent with their philosophy I suppose
Support losers and beat up winners
Class of '98
January 21st, 2013
3:35 pm
We did nothing illegal, Oscar, because we didn’t have to.
“Bad” loans and “fraudulent” loans are not necessarily the same thing. Uncle Sam was perfectly happy with the loans we signed. And we were “helping” people realize the American dream of home ownership.
Don’t blame me because your holy federal government made bad decisions.
Madmax
January 21st, 2013
3:35 pm
Hope they are better than the 1st term.
DannyX
January 21st, 2013
3:36 pm
“Thanks to the wonderful policies of Obama, I have one week left in my job.”
in the middle, PBS is hiring. Great paying government jobs. Tell ‘em Nathan sent you.
Jm
January 21st, 2013
3:37 pm
“cantor just shot down the corporate media “liberal” theme and said we do need to come together to help the other Americans not just the wealthy.
That is a shift in ideology from the gop if they actually do it.”
Not a shift in ideology silly
UNCLE SAMANTHA
January 21st, 2013
3:37 pm
oscar
do the math………………. when the wave of baby boomers hits medicare…………… and the lack of NEW primary care physicians worsens with retirements of existing doctors………………. then the reduction of payments to doctors for medicare…………. we have a predictable outcome for healthcare…………..
neither republicans nor democrats have addressed that…….. they spout their rhetoric…………. and we have never had an HONEST discussion of healthcare……..
for example
5% of patients account for half of health care spending
http://usatoday30.usatoday.com/news/washington/story/2012-01-11/health-care-costs-11/52505562/1
MAYBE FINDING A SOLUTION TO THAT WOULD BE A START TO BRINGING HEALTHCARE COSTS DOWN
Adam
January 21st, 2013
3:37 pm
Class of ‘98: Uncle Sam was perfectly happy with the loans we signed.
Bull puckey.
If your contention is they were “ok” with it then it must also be your contention that when the government does NOT have a regulation or law against something, that it approves of whatever activity happens within the bounds of the law.
Adam
January 21st, 2013
3:38 pm
Jm: Liberals re-elect people who do a crummy job and vote against successful governmental administrators
Your Psychological Projection is showing…. failing upwards is a hallmark of the right, not the left.
Mick
January 21st, 2013
3:39 pm
jm
Only a rookie floridian such as yourself would give rick scott credit for “turning around our economy”, utterly ridiculous. Tourism drives this economy and as the nation recovers, so does tourism to florida. Not to mention, a great place to retire, rick scott has done nothing of substance…
Jay
January 21st, 2013
3:39 pm
“You’re forgetting that a lot of these private lending institutions began making loans under the threat of lawsuits if they didn’t lend more to minorities.”
Again, for the umpteenth time, the lending institutions that made the most subprime loans had nothing to do with the CRA and were not regulated by it. Community banks that WERE regulated under CRA had a much lower loan failure rate than the mortgage mills where ‘98 apparently worked, knowingly packaging loans that they knew would fail.
Adam
January 21st, 2013
3:39 pm
UNCLE SAMANTHA: do the math………………. when the wave of baby boomers hits medicare…………… and the lack of NEW primary care physicians worsens with retirements of existing doctors………………. then the reduction of payments to doctors for medicare…………. we have a predictable outcome for healthcare…………..
And your solution is to privatize it or let them die?
Adam
January 21st, 2013
3:40 pm
Jay: Again, for the umpteenth time, the lending institutions that made the most subprime loans had nothing to do with the CRA and were not regulated by it. Community banks that WERE regulated under CRA had a much lower loan failure rate than the mortgage mills where ‘98 apparently worked, knowingly packaging loans that they knew would fail.
I did try to cover all this with my massive list of articles. But it appears, once again, the loons who believe that liberals and Barney Frank caused the whole problem are undeterred by FACTS!
tireofit
January 21st, 2013
3:41 pm
Hopefully, the tea party thugs will crawl back under the rock they came from so this country can move forward.
Corbin Sharpe. I think, therefore I am...I think.
January 21st, 2013
3:41 pm
Stevie Ray..Clowns to the left and Jokers to the right..here I am…
January 21st, 2013
2:53 pm
Stevie ray,
About military spending, I think I can agree with you that we spend way too much that would be better used elsewhere,
But as to if I think American lives are worth more than others, well, in a big sense, yes.
As long as I can remember, we have been sending American youth into harms way and for the most part, in my way of thinking, as a human sacrifice to the Military Industrial Complex.
It is wrong. If we are to feed the MIC with big money, then let it be just greenbacks and not American blood.
Jay
January 21st, 2013
3:41 pm
I was about to write that many of those posting anti-Obama tirades here have no idea how irrelevant such obsessions have made them, politically speaking. The country has moved on. However, I’m not sure that’s true. I think that some of them DO sense it, which helps to explain the anger and frustration.
Jm
January 21st, 2013
3:42 pm
Mick
No economy is 100% at the whim of the government (not yet anyway)
Scott has done several things that have helped out business, he’s encouraged investment, and a democrat could have very well screwed things up
Scott has not
Madmax
January 21st, 2013
3:42 pm
I know one thing we won’t get – spending reform and real deficit reduction. The President doesn’t believe in it and that lets Congress off the hook. That great swooshing sound is your life savings being eroded by the devaluing of the dollar.
Keep Up the Good Fight!
January 21st, 2013
3:42 pm
Threats of lawsuits? Oy vey, the Justice Dept is part of the executive branch. From 2000 to 2008, controlled by Bush….. but I am sure that the conned will continue their Blame Frank (or anyone else) Tour.
Class of '98
January 21st, 2013
3:43 pm
Jackie, because i listen to what BHO says. How many times have we heard him insist on making the “rich” pay their fair share? It’s funny that he never specifies what “fair share” means.
He does this for two reasons. 1) it allows the envious, self-pitying sheeple to draw their own conclusions about who is rich and how much they should pay , and 2) he knows the rich already pay their fair share and then some.
Facts about percentages and tax rates would dilute his plea, so he evades specifics at all costs.
Also, he knows there are a lot more envious, self-pityers out there than self-reliant achievers, and more people equals more votes, which means victorious elections.
He does not care about you.
Adam
January 21st, 2013
3:43 pm
Con 101: If you can’t fight the facts – fight the facts anyway!
Welcome to the Occupation
January 21st, 2013
3:44 pm
Liberals re-elect people who do a crummy job
Like George W. Bush?
Jackie
January 21st, 2013
3:44 pm
@Class
How profound effect did credit default swaps and the collapse of AIG and Goldman Sachs have on the housing market and the world economy?
Welcome to the Occupation
January 21st, 2013
3:45 pm
Adam: “Con 101: If you can’t fight the facts – fight the facts anyway!”
It’s a very handy definition.
Conservatism: a rear-guard action against facts.
Jm
January 21st, 2013
3:45 pm
“the lending institutions that made the most subprime loans had nothing to do with the CRA and were not regulated by it”
Jay your ignorance or deception is showing
All commercial banks are subject to CRA
Wachovia. Gone
Washington Mutual. Gone
Dozens of others
TBS
January 21st, 2013
3:45 pm
Adam & Jay
It really makes no difference what is posted. As long as some can point to failures related to Fannie, Freddie or any given law that seems to be a pass for the totality of the entire picture and facts of what occurred.
Get Real
January 21st, 2013
3:45 pm
Jay…did you get a life size Obama blow up doll for Christmas?
Adam
January 21st, 2013
3:46 pm
Class of ‘98: It’s funny that he never specifies what “fair share” means.
Actually he has on numerous occasions indicated exactly what this means. Guess you weren’t listening that closely.
In the words of Obama himself: “Get the transcript.”
Jm
January 21st, 2013
3:47 pm
Welcome
Better than the alternative
Class of '98
January 21st, 2013
3:48 pm
Adam, you clearly have no experience in how underwriting mortgages works. Just go ahead and blame Bush for everything. That’s about as deep as most liberals can think anyway.
Adam
January 21st, 2013
3:48 pm
Part of what a con man does is to convince people of things that are not true. Never is it more appropriate to call a conservative a con than when they put out lies that are pretty damn obviously not true, and yet they say it over and over and over again, just like the political prescriptions in the book Mein Kampf, and hope that enough people believe it.