Author Topic: Obama: Corruption, Deception, Dishonesty, Deceit and Promises Broken  (Read 221922 times)

Al Doggity

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Re: Step by Step: How Obama is collapsing America and destroying the nation
« Reply #450 on: March 10, 2011, 05:23:15 AM »
Quote
Lest anyone think that Obama has suddenly become energy friendly, let's review what else he has done in the last few months. Along with his refusal to approve any new deep-water wells, there's the small matter of increased taxes. At a time when the price of oil has exceeded $100 a barrel, the President's FY2012 budget includes a reduction of $44 billion in funds to promote energy independence. The proposed budget would entirely eliminate the current Oil and Gas Research and Development Program while significantly increasing funds for alternative fuels that meet less than 1% of our nation's energy needs.


Those cuts for fossil fuels compare with a 38.5% increase in education spending. Maybe that's because oil-field workers aren't big contributors to the Democratic Party the way teachers' unions are. But piling new taxes on oil companies while boosting teachers' salaries is not going to make America energy independent. You won't get very far pumping a lesson on Women's History Month into your tank.

Does a decrease in subsidies really count as a tax increase? And the author did say the 2012 fiscal budget, right? The same budget that House Republicans want to slash by $100billion?
How much do you want to bet the "38.5% increase in education funding" is a mere fraction of $44 billion? 


Without bothering to even click back one page, I feel safe in assuming most of the articles in this thread are poorly reasoned shit like this.


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Re: Step by Step: How Obama is collapsing America and destroying the nation
« Reply #451 on: March 10, 2011, 09:15:13 AM »
Gas Prices Have Gone Up 67 Percent Since Obama Became President
weeklystandard.com ^ | Mar 9, 2011 | MARK HEMINGWAY




Ah, January of 2009. Hope was in the air, but more importantly, gas was under two dollars a gallon. Since then gas prices, have gone up 67 percent and it's an ominously upward trend. Interestingly enough, the Heritage Foundation also took a look at the first 26 months of Bush's presidency -- gas only rose 7 percent during that time frame.


(Excerpt) Read more at weeklystandard.com ...

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Re: Step by Step: How Obama is collapsing America and destroying the nation
« Reply #452 on: March 10, 2011, 07:48:33 PM »
'Junk' Insurer Owned By Goldman Sachs Gets First Exemption From Health Care Provision

First Posted: 03/10/11 11:50 AM Updated: 03/10/11 11:50 AM
marcus@huffingtonpost.com.


live blogOldest
Newest Today  11:49 AM Wall-Street-Owned 'Junk' Insurer Gets Obamacare Exemption 




A notorious company that has been temporarily banned from selling insurance in at least one state and faces allegations of peddling "junk insurance" elsewhere is getting the first waiver from the 2010 health care overhaul's requirement that insurers spend at least 80 percent of premiums on care, according to federal regulators.

Maine is the first state to get the temporary waiver -- New Hampshire, Nevada and Kentucky have applications pending -- allowing the three insurance companies in the state to keep their existing 65 percent medical loss ratio, successfully persuading the U.S. Department of Health and Human Services that higher costs would drive insurers out of the market.

As The Watchdog reported in January, Maine's insurance commissioner sought the exemption on behalf of HealthMarkets Inc., which is largely owned by funds run by Goldman Sachs and Blackstone -- the insurer's subsidiary, Mega Life and Health Insurance, controls about 37 percent of the market for individual insurance in the state.

HealthMarkets and its subsidiaries have a troubled history and have long been dogged by accusations that their coverage is inadequate. The insurer has been banned for at least five years from selling insurance in Massachusetts after a probe by the state's attorney general, who accused the firm of waging a "campaign of deception and unfair practices," finding that the insurer's coverage didn't cover such basics as doctors' office visits, prescription drugs, chemotherapy and even some lab tests and X-rays.

Last October, the city of Los Angeles sued HealthMarkets and its Mega Life unit for allegedly selling “junk insurance” that left customers “without coverage when they needed it most,” according to court documents. In response to the complaint, which is still pending, the company issued a statement: "No company in the service business is without issues involving customer satisfaction, and HealthMarkets is no exception. We encourage our customers to contact us directly with their questions and concerns so we can resolve issues." It has also set up a page on its website to address allegations.

Since 2002, the company has been fined by at least seven states and faced lawsuits from dozens of policyholders. A three-year probe of the insurer by 29 states, including Maine, found multiple problems involving consumer disclosure, oversight and training of agents, claims handling and complaint handling practices, resulting in a $20 million settlement in 2008.


http://www.huffingtonpost.com/2011/03/07/epa-budget-cuts-house-republicans_n_832372.html


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Re: Step by Step: How Obama is collapsing America and destroying the nation
« Reply #453 on: March 11, 2011, 05:40:19 AM »
BOOK EXCERPT
MARCH 11, 2011. A Letter to America
Americans deserve better than the European model that Barack Obama is trying to implement.
By DANIEL HANNAN


http://online.wsj.com/article/SB10001424052748703559604576176620582972608.html#printMode



________________________ ________


The following essay is adapted from the Encounter Books Broadside, "Why America Must Not Follow Europe," No. 19 in a series.

On a U.S. talk-radio show recently, I was asked what I thought about the notion that Barack Obama had been born in Kenya. "Pah!" I replied (or words to that effect). "Your president was plainly born in Brussels."

American conservatives have struggled to press President Obama's policies into a meaningful narrative. Is he a socialist? No, at least not in the sense of wanting the state to own key industries. Is he a straightforward New Deal big spender, in the model of FDR and LBJ? Not exactly.

View Full Image

Barbara Kelley
 .Americans understandably seek to define their president in American terms. But looking across from my side of the Atlantic, there is a much simpler explanation. President Obama wants to Europeanize the U.S. All right, he wouldn't put it in those terms, partly because the electorate wouldn't wear it and partly because he sees himself as less Eurocentric than any of his 43 predecessors.

My guess is that if anything, Obama would verbalize his ideology using the same vocabulary that Eurocrats do. He would say he wants a fairer America, a more tolerant America, a less arrogant America, a more engaged America. When you prize away the cliché, what these phrases amount to are higher taxes, less patriotism, a bigger role for state bureaucracies and a transfer of sovereignty to global institutions.

He is not pursuing a set of random initiatives lashed arbitrarily together, but a program of comprehensive Europeanization: European health care, European welfare, European carbon taxes, European day care, European college education, even a European foreign policy, based on engagement with supranational technocracies, nuclear disarmament and a reluctance to deploy forces overseas.

No previous president has offered such uncritical support for European integration. On his very first trip to Europe as president, Obama declared, "In my view, there is no Old Europe or New Europe. There is a united Europe." Having silkily dispensed with the old Rumsfeldian idea that the U.S. should deal with EU states as individual nations, he went on to dismiss the euroskeptic majorities in most European countries: "I believe in a strong Europe, and a strong European Union, and my administration is committed to doing everything we can to support you."

It's hardly surprising that Obama should be such an enthusiast for a European superstate: He is building his own version at home. I don't doubt the sincerity of those Americans who want to copy the European model. A few may be snobs who wear their euro-enthusiasm as a badge of sophistication. But most genuinely believe that making their country less American and more like the rest of the world would make it more comfortable and peaceable.

All right, growth would be slower, but the quality of life might improve. All right, taxes would be higher, but workers need no longer fear sickness or unemployment. All right, the U.S. would no longer be the world's superpower, but perhaps that would make it more popular. Is a European future truly so terrible?

Yes. Take it from me, my friends. I have been an elected member of the European Parliament for 11 years. I have seen firsthand what the European political model means. I inhabit your future—or at least the future toward which your current rulers seem intent on taking you. Before you follow us, let me tell you about it.

The critical difference between the American and European unions has to do with the location of power. The U.S. was founded on what we might loosely call the Jeffersonian ideal: the notion that decisions should be taken as closely as possible to the people they affect. The EU, by contrast, was based on precisely the opposite ideal. Article One of its foundational treaty commits its nations to establish "an ever-closer union."

From that distinction, much follows. The U.S. has evolved a series of unique institutions designed to limit the power of the state: recall mechanisms, ballot initiatives, balanced budget rules, open primaries, localism, states' rights, term limits, the direct election of public officials, from the sheriff to the school board. The EU, by contrast, has placed supreme power in the hands of 27 unelected Commissioners, who have been made deliberately invulnerable to public opinion.

The will of the people is generally seen by Eurocrats as an obstacle to overcome, not a reason to change direction. When France, the Netherlands and Ireland voted against the European Constitution, the referendum results were swatted aside and the document adopted regardless. For, in Brussels, the ruling doctrine—that the nation-state must be transcended—is seen as more important than freedom, democracy or the rule of law.

This doctrine has had several malign consequences. For example, it has made the assimilation of immigrants far more difficult. Whereas the U.S. is based around the idea that anyone who buys into American values can become American, the EU clings to the notion that national identities are anachronistic and dangerous. Unsurprisingly, some newcomers, finding their adopted countries scorned, have turned to other, less apologetic identities. Hint to my American friends: If you go around the world apologizing for everything, you make it harder for immigrants to want to belong.

The single worst aspect of Europeanization, however, is its impact on the economy. Many Americans, and many Europeans, have a collective memory of how Europe managed to combine economic growth with social justice. Didn't Western Europe do tremendously well after World War II? Wasn't its success associated with something called "Rhineland capitalism" or "the social market"?

Like most folk memories, the idea of a European economic miracle has some basis in fact. Between 1945 and 1974, Western Europe did indeed outperform the U.S. And in retrospect, we can see why. Europe happened to enjoy perfect conditions for rapid growth. Infrastructure had been destroyed during the war, but an educated, industrious and disciplined work force remained. On top of which, Europe received a massive external stimulus. Thirteen billion dollars were disbursed through the Marshall Plan between 1948 and 1952, on top of the $12 billion already given by the U.S. in aid since the end of the war.

In the circumstances, it would have been extraordinary had Europe not prospered. Human nature being what it is, however, few European leaders attributed their success to the fact that they were recovering from an artificial low, still less to external assistance.

They convinced themselves, rather, that they were responsible for their countries' growth rates. Their genius, they thought, lay in having hit upon a European "third way" between the excesses of American capitalism and the totalitarianism of Soviet communism.

They believed in markets, but regulated markets. Instead of the industrial strife that they had experienced before the war, they would establish a tripartite system in which employers, labor unions and government officials worked together. Instead of seesawing between Left and Right, they would have consensual coalition governments in which both Christian Democrats and Social Democrats accepted the broad framework of a mixed market. Instead of competition between states, they would pursue political and economic integration.

We can now see where that road leads: to burgeoning bureaucracy, more spending, higher taxes, slower growth and rising unemployment. But an entire political class has grown up believing not just in the economic superiority of euro-corporatism but in its moral superiority. After all, if the American system were better—if people and businesses could thrive without government supervision—there would be less need for politicians. As Upton Sinclair once observed, "It is difficult to get a man to understand something when his job depends on not understanding it."

Nonetheless, the economic data are pitilessly clear. For the past 40 years, Europeans have fallen further and further behind Americans in their standard of living. In 1974, Western Europe, defined as the 15 members of the EU prior to the admission of the former communist countries in 2004, accounted for 36% of world GDP. Today that figure is 26%. In 2020 it will be 15%. In the same period, the U.S. share of world GDP has remained, and is forecast to remain, fairly steady at around 26%.

At the same time, Europe has become accustomed to a high level of structural unemployment. Indeed, if we exclude the United Kingdom, the EU failed to produce a single net private-sector job between 1980 and 1992. Only now, as the U.S. applies a European-style economic strategy based on fiscal stimulus, nationalization, bailouts, quantitative easing and the regulation of private-sector remuneration, has the rate of unemployment in the U.S. leaped to European levels.

Why is a European politician urging America to avoid Europeanization? Well, I'm not European; I'm British. My country is linked to the U.S., and to the wider Anglosphere, by ties of history and geography, commerce and law, blood and speech.

As a Briton, I see the American republic as a repository of our traditional freedoms. The doctrines rooted in the common law, in the Magna Carta, and in the Bill of Rights found their fullest and most sublime expression in the old courthouse of Philadelphia. Britain, as a result of its unhappy membership in the European Union, has now surrendered a large part of its birthright. But our freedoms live on in America.

Which brings me to my country's present tragedy. The fears that the American patriot leaders had about a Hanoverian tyranny were, in retrospect, exaggerated. The United Kingdom did not develop into an absolutist state. Power continued to pass from the Crown to the House of Commons.

Until now. Nearly two and a half centuries after the Declaration of Independence, the grievances it adumbrated are belatedly coming true—but in Britain, rather than in North America. Colossal sums are being commandeered by the government in order to fund bailouts and nationalizations without any proper parliamentary authorization. Legislation happens increasingly through what are called standing orders, a device that allows ministers to make laws without parliamentary consent—often for the purpose of implementing EU standards. Elections have been drained of purpose, and turnout is falling.

How aptly the British people might today apply the ringing phrases of the Declaration of Independence against their own rulers, who have "combined with others to subject us to a jurisdiction foreign to our constitution, and unacknowledged by our laws."

Throughout my career in politics, I have campaigned to apply Jeffersonian democracy to British political conditions, to recover those British freedoms that have flourished more happily in America than in their native soil, to repatriate our revolution. So you can imagine how I feel when I see the U.S. making the same mistakes that Britain has made: expanding its government, regulating private commerce, centralizing its jurisdiction, breaking the link between taxation and representation, abandoning its sovereignty.

You deserve better, cousins. And we expect better.

Mr. Hannan is a member of the European Parliament.

Copyright 2011 Dow Jones &

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Re: Step by Step: How Obama is collapsing America and destroying the nation
« Reply #454 on: March 11, 2011, 06:17:52 AM »
check your pm

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Re: Step by Step: How Obama is collapsing America and destroying the nation
« Reply #455 on: March 11, 2011, 10:19:34 AM »
Shocker: Domestic Oil Production Down, Foreign Imports Up
Hotair ^ | 03/11/2011 | Jazz Shaw




Fortunately for all of us, the wise energy policies of the Obama administration have us well on the way to a sustainable, secure energy future for our nation. After all, who could argue with a policy where we seek to import less oil from abroad, stifle the domestic production of such resources and do nothing to replace the shortfall?

With that in mind, surely nobody would expect a result like this.




The lack of effective leadership on this vital issue has drawn the ire of a group of conservative leaders who recently provided a summary of just what we can expect in the future if nothing happens. Brace yourselves, as I’m sure none of you could have called this one.

Issue-in-Brief: Continued instability in the Middle East, combined with unprecedented foreign demand for oil and an uncertain economic recovery at home, has left the United States at the mercy of foreign dictators and markets – issues that would be alleviated if the Administration lifted its self-imposed energy freeze and let domestic producers get back to work, particularly in the Gulf. There is an obvious lack of leadership from the Obama Administration.

Demand for Oil is Skyrocketing

•Since President Obama assumed office gas prices have risen 87%! (From $1.83 to $3.43 and even higher in some states!)
•Global demand for oil is rising, and the competition for foreign resources has intensified. By 2035, the United States, Japan, OECD Europe, China, and India are projected to need 25 percent more imported oil than in 2005, with China and India accounting for the major portion of that increase.
•Instead of reaping the economic and social benefits of developing our domestic resources, the Gulf of Mexico (GOM), even despite the recent permit granted by the Department of Interior (DOI), remains closed for business. According to the Energy Information Agency, domestic offshore oil production will fall 13 percent in 2011, a loss of about 220,000 barrels/day, mainly due to the continued lack of permits for the GOM.

Shocking. That’s the only word for it. Who could have imagined that we would have to import more oil from unstable foreign sources if
we don’t allow domestic producers to drill for it here? With this in mind, I would like to officially nominate the Obama administration for the Hot Air Capt. Louis Renault Award.


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Re: Step by Step: How Obama is collapsing America and destroying the nation
« Reply #456 on: March 11, 2011, 10:22:36 AM »
The Extrordinary Disconnect between Obama/Treasury/Dems on Oil Price
http://floppingaces.net/2011/03/10/the-extrordinary-disconnect-between-obamatreasurydems-on-oil-price

By: Mata Harley

________________________ ______________




Among the things that make you go “huh” comes the tri-forked tongue of Obama, his Dem lawmakers and his own Treasury Secretary on the latest rise in oil prices. On a day when the Dow tumbled 228 points on a plethora of issues, including Spain’s credit downgrade, unrest in Saudi Arabia, the latest US unemployment figures, China’s trade deficit, and in general the effect of rising oil prices on various global economies, the mixed message from liberal leadership is nothing short of headscratching.

It was just yesterday when the NYTs confidently announced that the rising oil prices and ME unrest was “unlikely” to derail this “recovery” that main street has yet to feel. This was amusing enough, as Clay Waters over at NewsBusters noted, that $3.57 per gal gas at the pump under Obama wasn’t worrisome while $2.55 per gal under Bush in 2005 was a prediction of a recession.

Well, hindsight notes that it was housing – not oil prices – that was the catalyst for the 2008 crash, and possibly aided by outside forces with a wider agenda in mind.

Despite the claims that the economy was well braced for high oil prices, Obama has been considering tapping the US Strategic Petroleum Reserves for an event it was never created for… prices. Even so, his mouthpieces were careful this was obvious to most who understand the whys and whens of that supply, and busy peppering their talking points with supporting reasons for doing so.

White House spokesman Jay Carney insisted Monday that while opening the reserve is under consideration, such a decision would be based on the possibility of a “major disruption” of oil production.

Carney spoke one day after Bill Daley, President Obama’s chief of staff, said the president is considering tapping the reserve. Unrest in the Middle East has sent the price of oil skyrocketing to $107 per barrel on Monday.

“There are a number of factors that go into it, and it’s not price-based alone,” said Carney, who in response to questions was adamant that he was not walking back Daley’s comments.

“It’s important to look at history … and the times when it has been used. So I wouldn’t look to a price threshold. The issue here is disruption. Is there a major disruption in the flow of oil? That’s obviously a factor.”

But there is no imminent disruption to warrant such an action… despite the lip service.

But his fellow Dems, desperate to lessen the impact on an economy for which they cannot escape culpability, are already floating a bill to tap those reserves. Unlike the WH, however, they don’t disguise their purpose… to affect the price at the pump.

Meanwhile, Geithner – also busy threatening the House Appropriations subcommittee to *increase* foreign diplomatic aid or “…risk losing ground to China” – took a more noncommittal approach to the SPR, and it’s need or impact.

Treasury Secretary Timothy Geithner told lawmakers Thursday that the United States and other nations can tap oil reserves if they’re needed to restrain prices and keep the global economic recovery moving forward.

Geithner downplayed the risks that political unrest in the Middle East and North Africa was posing a major threat to the nation’s economic recovery or could cause a long-term spike in inflation during testimony before the Senate Foreign Relations Committee.

“It’s important to note that there is considerable spare oil production capacity globally, and we and other major economies possess substantial strategic reserves of oil,” he said. “If necessary, those reserves could be mobilized to help mitigate the effect of a severe, sustained supply disruption.”

His views that rising oil prices will boost inflation are similar to those held by Federal Reserve Chairman Ben Bernanke, who told lawmakers this week that they would probably have a short-term effect and wouldn’t require action from the central bank.

What a circus… do these people talk to each other, or what? Leadership… what a joke.

But if Sen. James Inhofe (R-Okla), ranking member of the Senate Environment and Public Works Committee, is correct, Obama won’t be tapping those reserves because it conflicts with his desire for higher gas prices.

Me, personally? Hang no… do not tap these reserves for price control. But what with more concern about China’s economy, which lessens their demand for oil and counteracts the fear of disruption, oil prices closed lower today at $104 than it did on Monday. Considering the price of oil back in 2007-08, it seems premature to tap this reserve, primarily there for disruption and not manipulation of market prices.

So now we get to witness that battle Obama internally faces… let the prices go up, as he has stated in the past he desires to force behavioral changes? Or acquiese to his Dem Congressional members? And will Geithner start backtracking now on his confidence in the US economy, being able to withstand high oil prices?

Have the popcorn ready….

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Re: Step by Step: How Obama is collapsing America and destroying the nation
« Reply #457 on: March 11, 2011, 03:19:48 PM »
Obama Blames Oil Companies For Lack Of Drilling 
By Sean Higgins     
Fri., March 11, 2011 4:56 PM ET 
Tags: Obama - Energy - Drilling - Democrats


http://blogs.investors.com/capitalhill/index.php/home/35-politicsinvesting/2510-obama-blames-oil-companies-for-lack-of-drilling





In his Friday press conference to discuss gas prices, President Obama was rather defensive, straining to counter the notion that his administration has been unfriendly to oil drilling, something most people would like to see a lot more of these days.

Where do people get that notion? Perhaps his Interior Department appealing a judge’s ruling that it act on several pending deepwater permits had something to with it.

Obama claimed repeatedly that he is not against drilling, then made the following comments:

There is more we can do, however. For example, right now, the (oil) industry holds leases on tens of millions of acres — both offshore and on land — where they aren’t producing a thing. So I’ve directed the Interior Department to determine just how many of these leases are going undeveloped and report back to me within two weeks so that we can encourage companies to develop the leases they hold and produce American energy. People deserve to know that the energy they depend on is being developed in a timely manner.

In other words, Obama is arguing that the oil companies themselves may be to blame for the fact that there isn’t more drilling. For some reason they’re ignoring making a profit. It’s a bizarro-world inversion of the usual complaint against oil companies — that they are reckless and all-too eager to despoil pristine lands in search of black gold.

Nevertheless, it is a familiar talking point that Democrats have been throwing out there for years now.  The Interior report Obama mentioned will probably come in the coming weeks or months and “prove” this point. Obama clearly hopes it will take the pressure off of his administration for high gas prices and throw it on the oil companies.

But is any of this true? Technically yes, says the oil industry, but the claim is extremely misleading. As Richard Ranger, a policy analyst with the American Petroleum Institute, has explained:

“The process of looking at an area that might have oil and gas potential and narrowing your search over time and over a sequence of steps to actually producing oil and gas involves kind of casting a big net first and over time through geologic work,” Ranger said. “[Y] You prioritize some over others, you may be lucky on those first ones you drill, you may not — then you drill prospects further down your priority list.”

Ranger also explained it’s not always a cut-and-dried situation. Some areas will have oil and gas, some won’t and some might have it, but it may not be economically feasible to pump it out of the ground.

“When you drill, you have results that are either sufficient oil or gas to allow production or a dry hole or somewhere in between where you think we may have production but we may need some further work to determine whether this formation, this target, is economic to produce. Those steps consume several years from the point of leasing to a point of decision.”

 

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Re: Step by Step: How Obama is collapsing America and destroying the nation
« Reply #458 on: March 11, 2011, 09:08:45 PM »
Mexican truck deal close to final agreement
HOUSTON CHRONICLE ^ | March 10, 2011, 10:15PM | RICHARD S. DUNHAM


WASHINGTON — The final agreement to end a 2-year-old trucking dispute between the U.S. and Mexico "should be weeks, if not days" away, U.S. Trade Representative Ron Kirk said Thursday.

At a lunch meeting with reporters, the highest-ranking Texan in the Obama administration said U.S. Agriculture Secretary Tom Vilsack and Mexican Transportation Minister Humberto Treviño are close to signing the deal that will end an impasse that has cost American businesses about $5 billion in retaliatory tariffs imposed by Mexico. "This could not have been better news and it could not have happened soon enough" for Texas and California agriculture interests, said Kirk, a former Dallas mayor .

Mexico has imposed about $2.4 billion in annual tariffs on U.S. goods going into Mexico in retaliation for the U.S. Congress' 2009 decision to end a pilot project that had allowed as many as 100 Mexican trucking companies to haul cargo across the border. The tariffs are calibrated to make U.S. products uncompetitive in Mexico's market and targeted wine and produce from California, home state of then-House Speaker Nancy Pelosi.


(Excerpt) Read more at chron.com ...


--------------------------------------------------------------------------------

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Re: Step by Step: How Obama is collapsing America and destroying the nation
« Reply #459 on: March 13, 2011, 06:48:47 AM »
US backing for world currency stuns markets
March 10, 2011 by Underground Militia
Filed under: Uncategorized 


US Treasury Secretary Tim Geithner shocked global markets by revealing that Washington is “quite open” to Chinese proposals for the gradual development of a global reserve currency run by the International Monetary Fund.
The dollar plunged instantly against the euro, yen, and sterling as the comments flashed across trading screens. David Bloom, currency chief at HSBC, said the apparent policy shift amounts to an earthquake in geo-finance.

“The mere fact that the US Treasury Secretary is even entertaining thoughts that the dollar may cease being the anchor of the global monetary system has caused consternation,” he said.

Mr Geithner later qualified his remarks, insisting that the dollar would remain the “world’s dominant reserve currency … for a long period of time” but the seeds of doubt have been sown.

The markets appear baffled by the confused statements emanating from Washington. President Barack Obama told a new conference hours earlier that there was no threat to the reserve status of the dollar.

“I don’t believe that there is a need for a global currency. The reason the dollar is strong right now is because investors consider the United States the strongest economy in the world with the most stable political system in the world,” he said.


The Chinese proposal, outlined this week by central bank governor Zhou Xiaochuan, calls for a “super-sovereign reserve currency” under IMF management, turning the Fund into a sort of world central bank.

The idea is that the IMF should activate its dormant powers to issue Special Drawing Rights. These SDRs would expand their role over time, becoming a “widely-accepted means of payments”.

Mr Bloom said that any switch towards use of SDRs has direct implications for the currency markets. At the moment, 65pc of the world’s $6.8 trillion stash of foreign reserves is held in dollars. But the dollar makes up just 42pc of the basket weighting of SDRs. So any SDR purchase under current rules must favour the euro, yen and sterling.

Beijing has the backing of Russia and a clutch of emerging powers in Asia and Latin America. Economists have toyed with such schemes before but the issue has vaulted to the top of the political agenda as creditor states around the world takes fright at the extreme measures now being adopted by the Federal Reserve, especially the decision to buy US government debt directly with printed money.

Mr Bloom said the US is discovering that the sensitivities of creditors cannot be ignored. “China holds almost 30pc of the world’s entire reserves. What they say matters,” he said.

Mr Geithner’s friendly comments about the SDR plan seem intended to soothe Chinese feelings after a spat in January over alleged currency manipulation by Beijing, but he will now have to explain his own categorical assurance to Congress on Tuesday that he would not countenance any moves towards a world currency.

http://info.themicroeffect.com/?p=1643


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Re: Step by Step: How Obama is collapsing America and destroying the nation
« Reply #460 on: March 13, 2011, 06:56:33 AM »
The Fact Checker
http://www.washingtonpost.com/wp-dyn/content/article/2011/03/12/AR2011031204258_pf.html

Saturday, March 12, 2011; 11:45 PM



"The Democrats have put forward spending cuts, many of them pretty painful, that give Republicans already half of what they were seeking, because they're the right thing to do."

- President Obama, March 11, 2011

The White House was not happy when we gave two Pinocchios to Democrats for persistently saying they have gone "halfway" to GOP proposals on cutting the 2011 fiscal year budget. We also suggested that the "halfway" phrase would be worth more Pinocchios if President Obama began to use it.

He did so in his weekly radio address March5, and then again at his news conference Friday, but not before the White House gave The Fact Checker a bunch of data and charts trying to make the administration's case for using the phrase. So let's review the issue again, and see how persuasive the administration's argument is.

The Facts

It comes down to where you draw the line - the budget baseline. Democrats like to draw the line at the president's proposal for 2011, even though it was never enacted. Under that measure, Republicans would cut about $100 billion and Democrats about $50 billion. That's where the "halfway" comes from.

Republicans - and much of the news media - measure the cuts from the 2010 budget, the last one signed into law. Under that scoring, the Republicans have cut $60 billion and the Democrats under $10 billion. The two sides are still $50 billion apart, but under this scenario, the Democrats have barely budged. (Their argument was further weakened last week when the Congressional Budget Office judged some of their cuts to be worth less than they claimed.)

White House officials have argued that it makes sense to compare one proposal - the president's 2011 budget request - with another proposal, the House 2011 bill. But that argument has gained little traction in official Washington.

The White House has now come up with a third way of drawing the line: the 2010 budget, adjusted for inflation. This is not unreasonable, since inflation means a dollar one year does not buy as much as the next year.

Under this scenario, the discretionary budget for fiscal 2011 would have been $1.117 trillion, all things being equal.

Here's how the different budget proposals compare when adjusted for this new line:

+12 billion

President's original 2011 proposal

-39 billion

Latest Democratic proposal

-91 billion

House Republicans

These numbers show that the president's proposal certainly would have been an increase over inflation. But they also appear to show that the Democrats have moved even more toward the GOP position, though not quite "halfway."

To some extent, this is all semantics. No matter how you measure it, the two sides are always at least $50 billion apart.

However, we are not convinced by the White House presentation. The inflated baseline helps demonstrate that even a "freeze" would mean a cut in some spending, but it still makes more sense to compare the 2011 proposals with the 2010 numbers.

The Pinocchio Test

The Democrats' posturing that they have met Republicans "halfway" on budget cuts does them no credit. Either they should take a stand and say they won't accept further cuts, or they should begin a real negotiation that leads to a higher number. Obama signaled he was willing to deal when he said in his radio address he was "prepared to do more." But the persistent claims of going "halfway" when in fact Democrats have done little to engage Republicans on the issue will only hurt their credibility in the long run.

Three Pinocchios for the president.


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Re: Step by Step: How Obama is collapsing America and destroying the nation
« Reply #461 on: March 13, 2011, 07:12:25 AM »
PolitiFact, FactCheck, and WaPo All Confirm: The $105 Billion Obamacare Slush Fund Exists
Heritage ^ | 3-9-11





Today former Congressman Ernest Istook testified before the House Energy and Commerce Health Subcommittee about the $105 billion slush fund in advance appropriations liberals tucked inside Obamacare.

The $105 billion bypasses the traditional yearly budgeting process and is spread throughout the 2,700 page legislation.

It took the Congressional Research Service (CRS) seven months to identify all the disparate funds and it was not until February (11 months after the bill passed) that all of the funds could be totaled up.

Rep. Michele Bachmann (R-MN) has been beating the drum to raise awareness of this unprecedented level of advance spending.

But the liberal media has been attacking her for calling it “hidden” funding. In reality, Rep. Bachmann said that “practically no Member of Congress even knew that $105 billion of funding was” in the bill.

FactCheck says that this funding was known to “those who read the bill … including members of Congress.”

But does FactCheck really believe that any member of Congress read all 2,700 pages of the bill?

Do they have any evidence at all that any member of Congress knew about the $105 billion figure before CRS published their report this February?

But more importantly, in their attempted take down of Rep. Bachmann, PolitiFact, FactCheck, and The Washington Post Fact Checker all confirm her underlying charge:

the $105 billion exists.

Poltifact writes: “We added up the spending Bachmann was referring to and got $104 billion — very close to her number.”

And a note to The Washington Post Fact Checker: Former Congressman Ernest Istook served in the House of Representatives, not the Senate.



--------------------------------------------------------------------------------

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Re: Step by Step: How Obama is collapsing America and destroying the nation
« Reply #462 on: March 13, 2011, 07:15:01 AM »
Sad. Obama Official Salazar Lies to Congress About Gulf Oil Production (Video) …Update: Obama Repeats Lie
Posted by Jim Hoft on Friday, March 11, 2011, 11:46 AM
 
http://gatewaypundit.rightnetwork.com/2011/03/sad-obama-official-salazar-lies-to-congress-about-gulf-oil-production-to-prevent-more-drilling-video



  Last week, at a House Natural Resources Committee hearing, Interior Secretary Ken Salazar told Congress that oil production in the Gulf of Mexico “remained at an all-time high.” Salazar claimed: “In 2009 there were 116 rigs in the Gulf of Mexico, in 2010 in February, 120, in February 2011, 126.”

He was lying.

Energy Tomorrow blog reported:

Salazar’s numbers distort the true number of working rigs in the Gulf of Mexico. According to Baker Hughes:

•Four days before the Deepwater Horizon accident there were 55 rotary rigs actually drilling offshore in the Gulf of Mexico.

•On May 28, 2010, when the administration announced the six-month moratorium on deepwater drilling, there were 46 rotary rigs operating in the Gulf.

•Last week, 25 rotary rigs were operating in the Gulf of Mexico.
So the fact that there is an “all-time high” number of rigs in the Gulf ignores the fact that most of those rigs are not working. Claiming an increase in idle rigs in the Gulf as a success story is like claiming the job market is great because a lot of people are unemployed and available to work.

In the same hearing, the Secretary also claimed that “the production has remained at an all-time high” within the Gulf of Mexico and there is no way to actually make this true. The Energy Department’s Energy Information Administration reports that production in the Gulf of Mexico is in decline, forecasting a decline of 250,000 barrels a day from Gulf production, due partly to the moratorium and restricted permitting. While the annual production figure for 2010 was greater than 2009, EIA’s month-by-month production figures show a peak in May of 2010, and a relatively steady decline since.

It’s getting to the point where you can’t trust a single thing these people say.

UPDATE: This is really sad but we all knew it was coming.

Barack Obama held a press conference today on American energy and repeated the same lie… “Oil production at its highest level in 7 years.  Oil production from federal waters in Gulf at an all time high.”


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Re: Step by Step: How Obama is collapsing America and destroying the nation
« Reply #463 on: March 13, 2011, 07:36:14 AM »
Letting No Disaster Go To Waste, SEC Prepares To Let Lehman Executives Walk For Repo 105 Fraud
Submitted by Tyler Durden on 03/12/2011 10:55 -0500





And while the general public frets over the latest geopolitical disasters, the SEC proves Rahm Emanuel correct once again, and letting no disaster go to waste, man-made or natural, the world's most incompetent (but massively underpaid, or so they claim) regulator is preparing to let Dick Fuld completely off the hook for last spring's stunning Repo 105 report by Anton Valukas, whose findings even the bankruptcy expert said were probably cause for civil lawsuits. The WSJ reports: "In recent months, Securities and Exchange Commission officials have grown increasingly doubtful they can prove that Lehman violated U.S. laws by using an accounting maneuver to move as much as $50 billion in assets off its balance sheet, which made it appear that the securities firm had reduced its debt levels....After zeroing in last summer on the battered real-estate portfolio and an accounting move known as Repo 105, SEC officials have grown more worried they could lose a court battle if they bring civil charges that allege Lehman investors were duped by company executives. The key stumbling block: The accounting move, while controversial, isn't necessarily illegal." Oh no, illegal it is. The problem is that should the SEC actually pursue it and win, that act would open up the floodgates for hundreds of lawsuits against everyone from Bank of America and Citi, which have also disclosed they used comparable tactics to misrepresent the true status of their books, to shady accounts like Ernst & Young, all the way to FASB at the very top of the corruption pyramid. And with hundreds of millions if not billions in legal fees about to be paid out if the fraudclosure back door settlement fails, the SEC simply can not allow the pursuit of justice to threaten the viability of America's only national interest: that of its criminal banking syndicate.

From the WSJ:

A year ago, it looked as if the SEC and federal prosecutors had a road map to use against Lehman's former top executives. Last March, the Repo 105 transactions were condemned by court-appointed examiner Anton R. Valukas, who said in a report that they enabled Lehman to "paint a misleading picture of its financial condition."

In the transactions, Lehman swapped fixed-income assets for cash shortly before the securities firm reported quarterly results, promising to buy back the securities later. The cash was used to pay down the company's debts. Emails sent by executives at the company referred to Repo 105 as a "drug" and "basically window dressing."

Mr. Valukas concluded there were "colorable," or credible, legal claims against Ernst & Young, Mr. Fuld and former finance chiefs Ian Lowitt, Erin Callan and Christopher O'Meara.

People close to the investigation cautioned that no decision has been reached on whether to bring civil charges, adding that new evidence still could emerge. Investigators are reviewing thousands of documents turned over to the SEC since it began its probe shortly after Lehman tumbled into bankruptcy in September 2008 and was sold off in pieces. Officials also have questioned a number of former Lehman executives, some of them multiple times, the people said.

But after zeroing in last summer on the battered real-estate portfolio and an accounting move known as Repo 105, SEC officials have grown more worried they could lose a court battle if they bring civil charges that allege Lehman investors were duped by company executives. The key stumbling block: The accounting move, while controversial, isn't necessarily illegal.

In a possible sign that the probe has slowed, the SEC hasn't issued a Wells notice to Lehman's longtime auditor, Ernst & Young, according to people familiar with the situation. The firm had concluded that the accounting in the Repo 105 transactions was acceptable. Wells notices are a formal signal that the SEC's enforcement staff has decided it might file civil charges against the recipient.

The snags are the latest sign of trouble for the SEC and other U.S. regulators trying to punish companies and executives at the center of the financial crisis. So far, no high-profile executives have been successfully prosecuted. Last month, a federal criminal investigation of former Countrywide Financial Corp. Chief Executive Angelo Mozilo was closed without charges.

The punchline:

It isn't clear what the Lehman executives have said to SEC officials during the probe. Last year, Mr. Fuld told lawmakers he had "absolutely no recollection whatsoever of hearing anything" about Repo 105 at the time of the transactions. Lehman's demise was caused by "uncontrollable market forces" and the U.S. government's unwillingness to rescue the firm, he said.

In other words, with everyone complicit on the crime, there is not one party that can be singled out without every party having to be sued. Ah the benefits of risk diversification: Wall Street realized all too well that a symbiotic approach to middle class parasitism is the best one, as it leaves it far less open to direct attack. Yes, any given bank may reap slightly less in benefits immediately, but over the long run everyone makes money and if there is some catastrophe the taxpaying peasant will have no choice but to bail everyone out. And should there be a legal case against one, in a reverse case of the Three Musketeers, it would have to be a case against all. 2008 confirmed the first. Dick Fuld is confirming the second. But don't forget - the SEC has no money and no computers. So it is isn't their fault they are corrupt and siding with the criminals on this one... and on every other one.

Expect Charles Ferguson's question of why nobody has ever gone to jail over the greatest financial crisis since the depression to remain unanswered in this lifetime.

5.Your rating: None Average: 5 (7 votes)

www.zerohedge.com


SAMSON123

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Re: Step by Step: How Obama is collapsing America and destroying the nation
« Reply #464 on: March 13, 2011, 08:36:24 AM »
This MANIC level of posting is almost scary as it proves absolutely nothing. The wretchedness of the Obama administration is no different than the wretchedness of all administrations before him. So far as wrecking the american economy... GREED AND CORRUPTION did that long before Obama...1929 anyone?

Politics is a LIARS game. One, the liars must be elected to do the lying to the masses to make them fall for the game. Two, the LIED TO has to play their part in ignoring the reality of politics and world around them. This is like a TANGO that requires two people to make it work.

So for those still holding onto false beliefs about governments, politics, politicians, capitalism, democracy etc etc...know that you have none of this in america nor in any other nations claiming to have any of these mentioned things. What you have are deceivers and deception and you are the DECEIVED. Now wake up from your deception....
C

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Re: Step by Step: How Obama is collapsing America and destroying the nation
« Reply #465 on: March 13, 2011, 08:44:33 AM »
I use this thread to keep these articles all in one place. 


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Re: Step by Step: How Obama is collapsing America and destroying the nation
« Reply #466 on: March 13, 2011, 08:51:25 AM »
This MANIC level of posting is almost scary as it proves absolutely nothing. The wretchedness of the Obama administration is no different than the wretchedness of all administrations before him. So far as wrecking the american economy... GREED AND CORRUPTION did that long before Obama...1929 anyone?

Politics is a LIARS game. One, the liars must be elected to do the lying to the masses to make them fall for the game. Two, the LIED TO has to play their part in ignoring the reality of politics and world around them. This is like a TANGO that requires two people to make it work.

So for those still holding onto false beliefs about governments, politics, politicians, capitalism, democracy etc etc...know that you have none of this in america nor in any other nations claiming to have any of these mentioned things. What you have are deceivers and deception and you are the DECEIVED. Now wake up from your deception....

If he doesn't post it then no one will. Are you going to do it? Of course not. You're too busy fabricating fictional books while trying to pass them off as factual material that no one has read (Hi, Albert Pike!).

You've been getting pretty uppity in your defense of Obama and the Dems lately, Jag. Is it because your hero Obama is going down faster than a sinking ship?

Soul Crusher

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Re: Step by Step: How Obama is collapsing America and destroying the nation
« Reply #467 on: March 13, 2011, 08:53:57 AM »
Lol. "Fictional books".

SAMSON123

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Re: Step by Step: How Obama is collapsing America and destroying the nation
« Reply #468 on: March 13, 2011, 10:28:56 AM »
If he doesn't post it then no one will. Are you going to do it? Of course not. You're too busy fabricating fictional books while trying to pass them off as factual material that no one has read (Hi, Albert Pike!).

You've been getting pretty uppity in your defense of Obama and the Dems lately, Jag. Is it because your hero Obama is going down faster than a sinking ship?

Well well well its BERZERKFAG (emphasize the FAG part...and aren't you too old to be on this board anyway? Geriatrics that way--->) offering his two cents which is three cents short. These posting are still MANIC at best, as the understanding of POLITICS is still ignored in all of them. So far as fiction goes...the only fiction is the belief in politics/politicians as NO ONE can point to a single politician who has ever told the truth, changed any detrimental policies, corrected former politicians mistakes or LISTENS TO THE PEOPLE AS A DEMOCRACY IS SUPPOSE TO.

Try dealing with that FICTITIOUS PLACE CALLED AMERICA....
C

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Re: Step by Step: How Obama is collapsing America and destroying the nation
« Reply #469 on: March 14, 2011, 07:16:55 AM »
Doomsday and Why America Should Not Default. The USA is living on borrowed time.
American Thinker ^ | 03/14/2011 | John Griffing


________________________ ________________________ ________



America nears the brink of financial collapse.  If action is not taken to reduce American debt, a tidal wave -- called the "doomsday scenario" by economists -- will consume American economic power, effectively ending American preeminence.


Obama's proposed budget has caused a row that some have said might lead to a government shutdown, freezing spending and interrupting certain government services.  New stop-gap measures have temporarily prevented this possibility.  But if American spending levels continue on their present trajectory, a true government shutdown -- one that would destroy American wealth and power -- will occur.  At the present time, U.S. debt equals GDP -- the first time debt has reached this level since WWII.  War permits great extravagance, but in what universe is peacetime debt of the size proposed by the Obama administration permissible?


Over the next decade, interest payments to foreign creditors will account for 80 percent of the debt added, meaning that less money can be spent on the programs demanded by citizens.  Now that American debt is 100 percent of GDP, America will not be able to credibly incur new debt.  And if America is not able to pay, foreign creditors will no longer have any reason to continue funding American indebtedness.   


By lowering the value of existing holdings, one-hundred-percent credit as a monetary standard will significantly harm foreign debt stakeholders currently funding American extravagance.  When America increases its debt, the Fed prints new dollars to offset the increase, which decreases the value of debt held by foreign creditors.  Under these conditions, foreign owners of American debt are incentivized to divest their securities and flee the United States for safer shores rather than face the inevitable default.  The "doomsday scenario" holds that as debt stakeholders shed their assets, the falling value of retained assets prompts further dumping, resulting in the inexorable collapse of the U.S. stock market.


Due to the financial linkage of many nations' economies to American consumer spending -- called "coupling" by economists -- any drop in American markets will have an immediate impact overseas.  Coupling is a trend that developed in the wake of the Bretton Woods conference following WWII.  America pledged to prop up global prosperity with sizable debt, and the world pledged to invest surplus dollars back into the United States, creating systemic interdependence and the resulting coupling of market trends.


Doomsday is closer than many would care to admit.  Net federal liabilities currently exceed $100 trillion.  World GDP hovers around $58 trillion.  Planned U.S. spending exceeds world GDP.  The implications of these staggering levels of spending are obvious: such decadence can never be paid for.  If owners of U.S. debt demanded the principal, instead of interest, America would cease to function as an economic entity.  In short, American global power would be virtually gone.  What power America would be allowed to keep would be contingent on the goodwill of creditors. 


For perspective, consider that the Chinese are requesting ownership of U.S. infrastructure as collateral on future loans.  Presumably, if America is unable to "pay up," public roads and buildings will become Chinese property.  China is already the only supplier of the rare-earth magnets used in U.S. bombs.  China is calling American debt its "nuclear option." 


While there is still time, America must begin to apply a simple understanding of how money works -- an understanding lost due to a century of Fed debt-monetization in which the printed pieces of paper circulating have never-endingly increased, diminishing purchasing power and permitting government to expand exponentially.


Real money, and not merely printed pieces of paper, must be created through the production of goods.  Production creates new money.  Services move existing money around.  The idea of an economy supported solely by services is laughable.  Classical economists knew this to be the case.  Industry is the source of wealth, and services depend on industry.  Currently, American services depend on Chinese industry. 


As German economist Friedrich List once explained, "[t]he forces of production are the tree on which wealth grows[.] [...] The prosperity of a nation is [...] greater in the proportion in which it has [...] more developed its powers of production."


Until we apply basic financial principles like debt management, charades like the one in Wisconsin -- in which government employees demand that taxpayers fund their positions with more and more debt -- will continue to push America to the brink. 


The only alternative to fiscal discipline is to default, which would have many of the same financial consequences as those associated with the doomsday scenario.  Some writers at American Thinker have suggested this course as a viable option, but a nation as large and integral to the global economy as the United States could never recover from unconditional default, since nations that trade with the United States would no longer be able to take America at its word.  Why should nations support a mountain of debt if no tangible capital exists to back up American promises to pay?  Indeed, why should nations continue to invest in a nation that has defaulted on sizable loans? 


Remember the Plaza Accords.  In the late eighties, the U.S. dollar was inflated, disrupting global trade.  Through a cooperative global process, the dollar was gradually devalued to permit greater balance in the international trade system.  America's trade partners were being harmed by an overvalued dollar, and they therefore possessed a direct interest in cooperative mechanisms of currency valuation.


Due to the coupling phenomenon described above, U.S. financial implosion would ripple to partner economies, so these countries have an incentive to assist America in the goal of managed debt reduction.  Since current prosperity, such as it is before the global meltdown, is driven almost entirely by American consumer spending -- 20 percent of world GDP, in fact -- the transition proposed would necessarily involve America's partners.  Those nations dependent on American consumer spending would need time to diversify portfolios and increase trade with other countries that have growing consumer markets -- e.g., China, which now boasts around 300 million "middle-class" consumers, making for a quantity as large as the entire American market.


American debt needs not be completely eliminated, given that it possesses defensible utility as a source of investment, a fact realized by American patriarch Alexander Hamilton nearly three centuries ago.  Instead, our target should be to lower the proportion of debt relative to GDP.


The problem of American debt can no longer be passed to the next administration.  America lives on borrowed time, and time is not as forgiving as the Chinese.


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Re: Step by Step: How Obama is collapsing America and destroying the nation
« Reply #470 on: March 14, 2011, 07:54:56 AM »
Obama - DEADBEAT


________________________ ___________

Springfield, Ill., mayor wants $55,457 for Obama visit
Share | .StoryDiscussionSpringfi eld, Ill., mayor wants $55,457 for Obama visit


ASSOCIATED PRESS STLtoday.com | Posted: Saturday, March 12, 2011 11:09 am | Loading…




SPRINGFIELD, Ill. • This time, Springfield Mayor Frank Edwards is going straight to the top.

Edwards has written President Barack Obama seeking the balance of the bill the city ran up for police when the then-candidate visited in 2008 to announce his running mate.

The (Springfield) State Journal-Register reports that the city submitted a bill for $68,139. It's still owed $55,457.

The interim mayor says there appears to be confusion about whether the Secret Service or the White House owes the money.

Edwards wrote that "sometimes only the executive himself can cut through such inter-departmental differences of opinion."

He says he's not trying to embarrass anyone, but times are tight.

Obama visited the Old State Capitol in August 2008 to announce Joe Biden as his running mate.

.Copyright 2011 STLtoday.com. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

 
.Posted in Illinois, Govt-and-politics on Saturday, March 12, 2011 11:09 am Updated: 12:57 am.

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Re: Step by Step: How Obama is collapsing America and destroying the nation
« Reply #471 on: March 14, 2011, 09:24:27 AM »
Obama Administration (Transparency, Inc.) Responds to Fewer Information Requests in 2010
Fox News ^ | 3/14/11




Obama Administration Responds to Fewer Information Requests in 2010
Published March 14, 2011
Associated Press


WASHINGTON -- Two years into its pledge to improve government transparency, the Obama administration handled fewer requests for federal records from citizens, journalists, companies and others last year even as significantly more people asked for information. The administration disclosed at least some of what people wanted at about the same rate as the previous year.


People requested information 544,360 times last year under the U.S. Freedom of Information Act from the 35 largest agencies, up nearly 41,000 more than the previous year, according to an analysis by The Associated Press of new federal data. But the government took action on nearly 12,400 fewer requests.


The administration refused to release any sought-after materials in more than 1-in-3 information requests, including cases when it couldn't find records, a person refused to pay for copies or the request was determined to be improper under the law. It refused more often to quickly consider information requests about subjects described as urgent or especially newsworthy. And nearly half the agencies that AP examined took longer -- weeks more, in some cases -- to give out records last year than during the previous year.


(Excerpt) Read more at foxnews.com ...

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Re: Step by Step: How Obama is collapsing America and destroying the nation
« Reply #472 on: March 14, 2011, 10:53:59 AM »
Organizing for America (BarackObama.com) Wisconsin Office Locations - 59 of them, open 96 hours/wk.
Organizing for America (BarackObama.com) ^ | 3/9/2011 | Organizing for America


Adams 240 S. Main St. Adams, WI 53910 (608) 339-7410 Hours: M-F 9:00 a.m. - 9:00 p.m. Sat. 9:00 a.m. - 9:00 p.m. Sun. 10:00 a.m. - 9:00 p.m. View map

Amery 108 Keller Ave. N. Amery, WI 54001 Hours: M-F 9:00 a.m. - 9:00 p.m. Sat. 9:00 a.m. - 9:00 p.m. Sun. 10:00 a.m. - 9:00 p.m. View map

Appleton 214 E. College Ave. Appleton, WI 54911 (920) 735-4989 Hours: M-F 9:00 a.m. - 9:00 p.m. Sat. 9:00 a.m. - 9:00 p.m. Sun. 10:00 a.m. - 9:00 p.m. View map

Ashland 304 W. Main St. Ashland, WI 54806 (715) 682-2773 Hours: M-F 9:00 a.m. - 9:00 p.m. Sat. 9:00 a.m. - 9:00 p.m. Sun. 10:00 a.m. - 9:00 p.m. View map

Baraboo 128 4th Ave. Baraboo, WI 53913 (608) 355-2308 Hours: M-F 9:00 a.m. - 9:00 p.m. Sat. 9:00 a.m. - 9:00 p.m. Sun. 10:00 a.m. - 9:00 p.m. View map

Beloit 432 E. Grand Ave. Beloit, WI 53511 (608) 362-3273 Hours: M-F 9:00 a.m. - 9:00 p.m. Sat. 9:00 a.m. - 9:00 p.m. Sun. 10:00 a.m. - 9:00 p.m. View map

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Brookfield 14685 W. Capitol Dr. Brookfield, WI 53005 Hours: M-F 9:00 a.m. - 9:00 p.m. Sat. 9:00 a.m. - 9:00 p.m. Sun. 10:00 a.m. - 9:00 p.m. View map

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Cameron 100 Spruce St. Cameron, WI 54822 Hours: M-F 9:00 a.m. - 9:00 p.m. Sat. 9:00 a.m. - 9:00 p.m. Sun. 10:00 a.m. - 9:00 p.m. View map

Chippewa Falls 619 N. Bridge Falls St., Suite 100 Chippewa Falls, WI 54729 (715) 738-1888 Hours: M-F 9:00 a.m. - 9:00 p.m. Sat. 9:00 a.m. - 9:00 p.m. Sun. 10:00 a.m. - 9:00 p.m. View map

Dodgeville 410 Main St. Dodgeville, WI 53533 (608) 930-1424 Hours: M-F 9:00 a.m. - 9:00 p.m. Sat. 9:00 a.m. - 9:00 p.m. Sun. 10:00 a.m. - 9:00 p.m. View map

Eau Claire 404 S. Barstow St. Eau Claire, WI 54701 (715) 855-1015 Hours: M-F 9:00 a.m. - 9:00 p.m. Sat. 9:00 a.m. - 9:00 p.m. Sun. 10:00 a.m. - 9:00 p.m. View map

Elkhorn 21 E. Walworth Ave. Elkhorn, WI 53121 Hours: M-F 9:00 a.m. - 9:00 p.m. Sat. 9:00 a.m. - 9:00 p.m. Sun. 10:00 a.m. - 9:00 p.m. View map

Fond du Lac 39 S. Main St. Fond du Lac, WI 54935 (920) 322-0309 Hours: M-F 9:00 a.m. - 9:00 p.m. Sat. 9:00 a.m. - 9:00 p.m. Sun. 10:00 a.m. - 9:00 p.m. View map

Glendale 6805 N. Green Bay Ave Milwaukee, WI 53209 (414) 247-3047 Hours: M-F 9:00 a.m. - 9:00 p.m. Sat. 9:00 a.m. - 9:00 p.m. Sun. 10:00 a.m. - 9:00 p.m. View map

Green Bay 1041 Velp Ave. Green Bay, WI 54303 (920) 490-9100 Hours: M-F 9:00 a.m. - 9:00 p.m. Sat. 9:00 a.m. - 9:00 p.m. Sun. 10:00 a.m. - 9:00 p.m. View map

Hales Corner 5126 S. 108th St. Hales Corner, WI 53130 (262) 510-5998 Hours: M-F 5:00 p.m. - 9:00 p.m. Sat. 9:00 a.m. - 9:00 p.m. Sun. 10:00 a.m. - 9:00 p.m. View map

Hudson 522 2nd St. Hudson, WI 54016 (715) 441-3079 Hours: M-F 9:00 a.m. - 9:00 p.m. Sat. 9:00 a.m. - 9:00 p.m. Sun. 10:00 a.m. - 9:00 p.m. View map

Janesville 1300 Milton Ave. Janesville, WI 53545 (608) 756-2851 Hours: M-F 9:00 a.m. - 9:00 p.m. Sat. 9:00 a.m. - 9:00 p.m. Sun. 10:00 a.m. - 9:00 p.m. View map

Jefferson 218 Wisconsin Ave. Jefferson, WI 53549 (920) 674-2826 Hours: M-F 9:00 a.m. - 9:00 p.m. Sat. 9:00 a.m. - 9:00 p.m. Sun. 10:00 a.m. - 9:00 p.m. View map

Kenosha 5810 6th Ave. Kenosha, WI 53140 (262) 653-0670 Hours: M-F 9:00 a.m. - 9:00 p.m. Sat. 9:00 a.m. - 9:00 p.m. Sun. 10:00 a.m. - 9:00 p.m. View map

La Crosse 127 6th St. S. La Crosse, WI 54601 (608) 785-5860 Hours: M-F 9:00 a.m. - 9:00 p.m. Sat. 9:00 a.m. - 9:00 p.m. Sun. 10:00 a.m. - 9:00 p.m. View map

Ladysmith 120 E. Miner St. Ladysmith, WI 54848 (715) 532-2760 Hours: M-F 9:00 a.m. - 9:00 p.m. Sat. 9:00 a.m. - 9:00 p.m. Sun. 10:00 a.m. - 9:00 p.m. View map

Madison 1709 Monroe St. Madison, WI 53711 (608) 255-0411 Hours: M-F 9:00 a.m. - 9:00 p.m. Sat. 9:00 a.m. - 9:00 p.m. Sun. 10:00 a.m. - 9:00 p.m. View map

Madison -- South Side Office 1216 S. Park St. Madison, WI 53715 Hours: M-F 10:00 a.m. - 10:00 p.m. Sat. 10:00 a.m. - 6:00 p.m. Sun. 12:00 p.m. - 10:00 p.m. View map

Madison -- Student HQ 216 N. Henry St. Madison, WI 53703 (608) 250-4562 Hours: M-F 10:00 a.m. - 10:00 p.m. Sat. 10:00 a.m. - 6:00 p.m. Sun. 12:00 p.m. - 10:00 p.m. View map

Manitowoc 1207 Washington St. Manitowoc, WI 54220 (920) 682-7392 Hours: M-F 9:00 a.m. - 9:00 p.m. Sat. 9:00 a.m. - 9:00 p.m. Sun. 10:00 a.m. - 9:00 p.m. View map

Marinette 1703 Marinette Ave Marinette, WI 54143 (920) 254-8238 Hours: M-F 9:00 a.m. - 9:00 p.m. Sat. 9:00 a.m. - 9:00 p.m. Sun. 10:00 a.m. - 9:00 p.m. View map

Marshfield 401 S. Central Ave. Marshfield, WI 54449 (715) 207-6099 Hours: M-F 9:00 a.m. - 9:00 p.m. Sat. 9:00 a.m. - 9:00 p.m. Sun. 10:00 a.m. - 9:00 p.m. View map

Menomonie 643 Broadway St. S. Menomonie, WI 54751 (715) 231-2393 Hours: M-F 10:00 a.m. - 9:00 p.m. Sat. 10:00 a.m. - 9:00 p.m. Sun. 10:00 a.m. - 9:00 p.m. View map

Mequon -- Ozaukee County 10521 N. Port Washington Rd. (Entrance E) Mequon, WI 53092 (262) 240-0102 Hours: M-F 9:00 a.m. - 9:00 p.m. Sat. 9:00 a.m. - 9:00 p.m. Sun. 10:00 a.m. - 9:00 p.m. View map

Middleton 6717 Frank Lloyd Wright Ave. Middleton, WI 53562 Hours: M-F 9:00 a.m. - 9:00 p.m. Sat. 9:00 a.m. - 9:00 p.m. Sun. 10:00 a.m. - 9:00 p.m. View map

Milwaukee Region HQ 744 N. 4th St. Milwaukee, WI 53203 (414) 224-5409 Hours: M-F 9:00 a.m. - 9:00 p.m. Sat. 9:00 a.m. - 9:00 p.m. Sun. 10:00 a.m. - 9:00 p.m. View map

Milwaukee -- National Ave. 534 W National Ave. Milwaukee, WI, 53204 (414) 643-1045 Hours: M-F 9:00 a.m. - 9:00 p.m. Sat. 9:00 a.m. - 9:00 p.m. Sun. 10:00 a.m. - 9:00 p.m. View map

Milwaukee -- North Side Office 7984 W. Appleton Ave. Milwaukee, WI 53218 (414) 466-4836 Hours: M-F 9:00 a.m. - 9:00 p.m. Sat. 9:00 a.m. - 9:00 p.m. Sun. 10:00 a.m. - 9:00 p.m. View map

Milwaukee -- 5th Ward Office 170 S. 2nd St. Milwaukee, WI 53204 Phone Banking only (414) 223-3050 Hours: M-F 9:00 a.m. - 9:00 p.m. Sat. 9:00 a.m. - 9:00 p.m. Sun. 10:00 a.m. - 9:00 p.m. View map

Milwaukee -- Downer Ave. Office 2567 Downer Ave. Milwaukee, WI 53211 (414) 455-8182 Hours: M-F 9:00 a.m. - 9:00 p.m. Sat. 9:00 a.m. - 9:00 p.m. Sun. 10:00 a.m. - 9:00 p.m. View map

Oak Creek 7435 S. Howell Ave. Oak Creek, WI 53154 (414) 762-3415 Hours: M-F 9:00 a.m. - 9:00 p.m. Sat. 9:00 a.m. - 9:00 p.m. Sun. 10:00 a.m. - 9:00 p.m. View map

Oshkosh 480 N. Main St. Oshkosh, WI 54901 (920) 426-8060 Hours: M-F 9:00 a.m. - 9:00 p.m. Sat. 9:00 a.m. - 9:00 p.m. Sun. 10:00 a.m. - 9:00 p.m. View map

Platteville 55 W Main St. Platteville, WI 53818 (608) 348-5160 Hours: M-F 9:00 a.m. - 9:00 p.m. Sat. 9:00 a.m. - 9:00 p.m. Sun. 10:00 a.m. - 9:00 p.m. View map

Portage 104 W. Cook St. Portage, WI 53901 Hours: M-F 9:00 a.m. - 9:00 p.m. Sat. 9:00 a.m. - 9:00 p.m. Sun. 10:00 a.m. - 9:00 p.m. View map

Racine 522 6th St. Racine, WI 53403 (262) 637-7042 Hours: M-F 9:00 a.m. - 9:00 p.m. Sat. 9:00 a.m. - 9:00 p.m. Sun. 10:00 a.m. - 9:00 p.m. View map

Rhinelander 26 N. Brown St. Rhinelander, WI, 54501 (715) 369-9825 Hours: M-F 9:00 a.m. - 9:00 p.m. Sat. 9:00 a.m. - 9:00 p.m. Sun. 10:00 a.m. - 9:00 p.m. View map

Richland Center N Main St & W 6th St Richland Center, WI 53581 Hours: M-F 9:00 a.m. - 9:00 p.m. Sat. 9:00 a.m. - 9:00 p.m. Sun. 10:00 a.m. - 9:00 p.m. View map

River Falls 1025 S. Main St. River Falls, WI 54022 Hours: M-F 9:00 a.m. - 9:00 p.m. Sat. 9:00 a.m. - 9:00 p.m. Sun. 10:00 a.m. - 9:00 p.m. View map

Portage 501 N. 8th St. Sheboygan, WI 53081 (920) 457-5160 Hours: M-F 9:00 a.m. - 9:00 p.m. Sat. 9:00 a.m. - 9:00 p.m. Sun. 10:00 a.m. - 9:00 p.m. View map

Stevens Point 1108 Main St. Stevens Point, WI 54481 (715) 544-4432 Hours: M-F 9:00 a.m. - 9:00 p.m. Sat. 9:00 a.m. - 9:00 p.m. Sun. 10:00 a.m. - 9:00 p.m. View map

Sturgeon Bay 62 South 3rd Street Sturgeon Bay, WI 54501 (920) 559-8200 Hours: M-F 9:00 a.m. - 9:00 p.m. Sat. 9:00 a.m. - 9:00 p.m. Sun. 10:00 a.m. - 9:00 p.m. View map

Sun Prairie 1435 W. Main St. Sun Prairie, WI 53590 (608) 837-7428 Hours: M-F 9:00 a.m. - 9:00 p.m. Sat. 9:00 a.m. - 9:00 p.m. Sun. 10:00 a.m. - 9:00 p.m. View map

Superior 1810 Belknap St. Superior, WI 54880 (715) 718-0488 Hours: M-F 9:00 a.m. - 9:00 p.m. Sat. 9:00 a.m. - 9:00 p.m. Sun. 10:00 a.m. - 9:00 p.m. View map

Waukesha 804 N. Grand Ave. Waukesha, WI 53186 (262) 521-2008 Hours: M-F 9:00 a.m. - 9:00 p.m. Sat. 9:00 a.m. - 9:00 p.m. Sun. 10:00 a.m. - 9:00 p.m. View map

Waupaca 107 E. Main St. Weyauwega, WI 54983 (920) 867-2460 Hours: M-F 9:00 a.m. - 9:00 p.m. Sat. 9:00 a.m. - 9:00 p.m. Sun. 10:00 a.m. - 9:00 p.m. View map

Wausau 201 N. Forest St. Wausau, WI 54403 (715) 441-3015 Hours: M-F 9:00 a.m. - 9:00 p.m. Sat. 9:00 a.m. - 9:00 p.m. Sun. 10:00 a.m. - 9:00 p.m. View map

West Allis and Wauwatosa 8633 W. Greenfield Ave. Milwaukee, WI 53214 (414) 778-0563 Hours: M-F 9:00 a.m. - 9:00 p.m. Sat. 9:00 a.m. - 9:00 p.m. Sun. 10:00 a.m. - 9:00 p.m. View map

West Bend 152 N. Main St. West Bend, WI 53095 (262) 338-0990 Hours: M-F 9:00 a.m. - 9:00 p.m. Sat. 9:00 a.m. - 9:00 p.m. Sun. 10:00 a.m. - 9:00 p.m. View map

Weyauwega 107 E. Main St. Weyauwega, WI 54983 Hours: M-F 9:00 a.m. - 9:00 p.m. Sat. 9:00 a.m. - 9:00 p.m. Sun. 10:00 a.m. - 9:00 p.m. View map

Whitewater 153 W. Main St. Whitewater, WI 53190 (262) 472-8908 Hours: M-F 9:00 a.m. - 9:00 p.m. Sat. 9:00 a.m. - 9:00 p.m. Sun. 10:00 a.m. - 9:00 p.m. View map

Wisconsin Rapids 830 Huntington Ave. Wisconsin Rapids, WI 54494 (715) 712-1230 Hours: M-F 9:00 a.m. - 9:00 p.m. Sat. 9:00 a.m. - 9:00 p.m. Sun. 10:00 a.m. - 9:00 p.m. View map


Soul Crusher

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Re: Step by Step: How Obama is collapsing America and destroying the nation
« Reply #473 on: March 14, 2011, 02:57:19 PM »
As Treasury Cash Drops To Just $14.2 Billion...Is America About To Run Out Of Cash?
ZeroHedge ^ | 03/14/11 | Tyler Durden

www.zerohedge.com


Title truncated due to length. It is: As Treasury Cash Drops To Just $14.2 Billion, And No Bond Auctions Until Next Week, Is America About To Run Out Of Cash?

And so the US Treasury has hit the proverbial paycheck to paycheck sustenance level. After burning $12.8 billion (without a change in gross debt) in cash today alone, and $75 billion in the month of March so far, primarily driven by a back end-loaded tax refund calendar, according to the Daily Treasury Statement, today's cash balance dropped to the scary level of just $14.2 billion. Without the benefit of incremental funding, this is the same amount that the Treasury burns on a good day! In other words, we take back what we said about the US Treasury existing paycheck to paycheck - Geithner now has to scramble to find funding on a day to day basis. If tomorrow operating outflows surpass $14.2 billion (and, again, the amount was $12.8 billion today) the world's "greatest" country (i.e. banana republic) runs out of cash, period. And as the following schedule indicates, there are no Long-Term bond issuances until next week (and the Bill issues are merely funding of rolling issues), we have some trouble seeing how the US Treasury will fund itself for the balance of the week...



And the forward issuance calendar: remember, this is where the bulk of money for deficit funding comes from there days.



On the other side of the ledger, total debt was $14.164 trillion, with $50 billion left in the liquidating SFP account. That means there are just two more 56-Day CMB maturities left before the credit ceiling gimmick expires. Once that happens, and in the absence of any clarity on the debt ceiling debacle, America may soon grind to a halt as the incremental debt capacity is hit in just over a month.


Soul Crusher

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Re: Step by Step: How Obama is collapsing America and destroying the nation
« Reply #474 on: March 14, 2011, 03:10:47 PM »
PROMISES, PROMISES: Little transparency progress
 .. AP – FILE - In this March 15, 2010, file photo, President Barack Obama speaks in Strongsville, Ohio. Two years …
– Mon Mar 14, 12:24 pm ET

http://news.yahoo.com/s/ap/20110314/ap_on_go_pr_wh/us_sunshine_week_foia_2




WASHINGTON – Two years into its pledge to improve government transparency, the Obama administration took action on fewer requests for federal records from citizens, journalists, companies and others last year even as significantly more people asked for information. The administration disclosed at least some of what people wanted at about the same rate as the previous year.

People requested information 544,360 times last year under the U.S. Freedom of Information Act from the 35 largest agencies, up nearly 41,000 more than the previous year, according to an analysis by The Associated Press of new federal data. But the government responded to nearly 12,400 fewer requests.

The administration refused to release any sought-after materials in more than 1-in-3 information requests, including cases when it couldn't find records, a person refused to pay for copies or the request was determined to be improper under the law. It refused more often to quickly consider information requests about subjects described as urgent or especially newsworthy. And nearly half the agencies that AP examined took longer — weeks more, in some cases — to give out records last year than during the previous year.

The government's responsiveness under the Freedom of Information Act is widely considered a barometer of how transparent federal offices are. The AP's analysis comes a day before a Senate Judiciary Committee hearing examining the Obama administration's progress.

There were some improvements. The administration less frequently invoked the "deliberative process" exemption under the law to withhold records describing decision-making behind the scenes. President Barack Obama had directed agencies to use it less often, but the number of such cases had surged after his first year in office to more than 71,000. It fell last year to 53,360. The exemption was still commonly invoked last year at the Homeland Security Department, which accounted for nearly 80 percent of cases across the whole government.

[ For complete coverage of politics and policy, go to Yahoo! Politics ]


Overall, the decidedly mixed performance shows the federal government struggling to match the promises Obama made early in his term to improve transparency and disclose more information rapidly. "Transparency promotes accountability and provides information for citizens about what their government is doing," Obama said when he took office."

The White House said it was voluntarily disclosing more information, forestalling a need to formally make requests under the law, and said that agencies released information in nearly 93 percent of cases, excluding instances when it couldn't find records, a person refused to pay for copies or the request was determined to be improper.

"A lot of the statistics need to be taken with a grain of salt, but they may understate our successes," said Steven Croley, a special assistant to the president for justice and regulatory policy.

At an event on Monday celebrating Sunshine Week, when news organizations promote open government and freedom of information, Associate Attorney General Tom Perrelli announced the unveiling of a website, foia.gov, to provide the public with a centralized resource that details how to file requests for government records.

The Obama administration censored 194 pages of internal e-mails about its Open Government Directive that the AP requested more than one year ago. The December 2009 directive requires every agency to take immediate, specific steps to open their operations up to the public. But the White House Office of Management and Budget blacked-out entire pages of some e-mails between federal employees discussing how to apply the new openness rules, and it blacked-out one e-mail discussing how to respond to AP's request for information about the transparency directive.

The OMB invoked the "deliberative process" exemption — the one that Obama said to use more sparingly — at least 192 separate times in turning over the censored e-mails to the AP. Some blacked-out sections involved officials discussing changes the White House wanted and sections of the openness rules that were never made official.

This year, after Republicans won control in the House and with the presidential election looming, the fight over transparency could turn political. The new Republican chairman of the House Oversight and Government Reform Committee, Rep. Darrell Issa, R-Calif., is conducting a broad inquiry into Obama's openness promises. The investigation was at least partly prompted by reports from the AP last year that the Homeland Security Department had sidetracked hundreds of requests for federal records to top political advisers, who wanted information about those requesting the materials.

Organizations that routinely ask for government records are fighting many of the same battles for information waged during the Bush administration. Federal offices lack enough employees and money to respond to requests quickly and thoroughly, said Anne Weismann, chief counsel at Citizens for Responsibility and Ethics in Washington, a watchdog group. With federal spending expected to tighten, the problem will likely get worse.

"They're going to be asked to do more with less," Weismann said.

AP's analysis showed that the odds a government agency would search its filing cabinets and turn over copies of documents, e-mails, videos or other requested materials depended mostly on which agency produced them — and on a person's patience. Willingness to wait — and then wait some more — was a virtue. Agencies refused more routinely last year to quickly consider information requests deemed especially urgent or newsworthy, agreeing to conduct a speedy review about 1-in-5 times they were asked. The State Department granted only 1 out of 98 such reviews; the Homeland Security Department granted 27 out of 1,476. The previous year the government overall granted more than 1-in-4 such speedy reviews.

The parts of the government that deal with sensitive matters like espionage or stock market swindles, including the CIA or Securities and Exchange Commission, entirely rejected information requests more than half the time during fiscal 2010. And they took their time to decide: The SEC averaged 553 days to reply to each request it considered complicated, and the CIA took more than three months.

Less-sensitive agencies, such as the Social Security Administration or Department of Agriculture, turned over at least some records nearly every time someone asked for them, often in just weeks.

Some federal agencies showed marked improvements, but sometimes it came at a cost elsewhere in the government. The Homeland Security Department cut its number of backlogged information requests by 40 percent last year, thanks mostly to work under a $7.6 million federal contract with TDB Communications of Lenexa, Kan., which was approved during the Bush administration. The company accomplished its work partly by forwarding to the State Department tens of thousands of requests for immigration records from Homeland Security's Citizenship and Immigration Services because the State Department makes visa determinations in immigration cases. At one point, as the Homeland Security Department was reducing its backlog, it was sending as many as 3,800 cases each month to the State Department, said Janice DeGarmo, a State Department spokeswoman.

The State Department received and handled three times as many requests in 2010 than the previous year. It ended up with a backlog of more than 20,500 overdue cases, more than twice as many as the previous year.

Also, the Veterans Affairs Department said it received 40,000 fewer information requests last year. Spokeswoman Jo Schuda said the department incorrectly labeled some requests in 2009 as being filed under the Freedom of Information Act but actually were made under the U.S. Privacy Act, a different law.

The 35 agencies that AP examined were: Agency for International Development, CIA, Consumer Product Safety Commission, Council on Environmental Quality, Agriculture Department, Commerce Department, Defense Department, Education Department, Energy Department, Department of Health and Human Services, Department of Homeland Security, Department of Housing and Urban Development, Interior Department, Justice Department, Labor Department, State Department, Transportation Department, Treasury Department, Department of Veterans Affairs, Environmental Protection Agency, Federal Communications Commission, Federal Deposit Insurance Corporation, Federal Trade Commission, NASA, National Science Foundation, National Transportation Safety Board, Nuclear Regulatory Commission, Office of Management and Budget, Office of National Drug Control Policy, Office of Personnel Management, Office of Science and Technology Policy, Office of the Director of National Intelligence, Securities and Exchange Commission, Small Business Administration and the Social Security Administration.

__

Online:

FOIA.gov: http://www.foia.gov/index.html

Sunshine Week: http://www.sunshineweek.org/

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