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Getbig Main Boards => Politics and Political Issues Board => Topic started by: 240 is Back on February 22, 2011, 07:35:22 PM
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:D
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SNL has a boatload of new material in the waiting now I suppose.
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(http://2.bp.blogspot.com/_psVkzdwdYTM/TSWuOEWvQGI/AAAAAAAAB3s/iuNy1wIvjxY/s1600/Palin_Bachmann2012.jpg)
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She has a more distinguished legal career than bama did before he ran.
On the issues that matter she obliterates obama.
But we all know issues don't matter to those still supporting this admn. Obama is TBTF.
Michelle Bachmann would beat obama like a drum in a debate. While he is lying about green jobs, health care blah blah blah, all she has to do is ask the famous question and its game over.
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She has a more distinguished legal career than bama did before he ran.
On the issues that matter she obliterates obama.
But we all know issues don't matter to those still supporting this admn. Obama is TBTF.
Michelle Bachmann would beat obama like a drum in a debate. While he is lying about green jobs, health care blah blah blah, all she has to do is ask the famous question and its game over.
(http://www.gifbin.com/bin/052009/1243271414_black_guy_laughing.gif)
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Benny - why does bama deserve a second term?
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Benny - why does bama deserve a second term?
He's Black. ;D
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He's Black. ;D
haha :D
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At least he is honest about it. That's about it from what I can tell. Obama has been the biggest recepient of race based affirmative action than almost anyone I have seen in my lifetime.
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Benny - why does bama deserve a second term?
Perhaps because the GOP can't seem to cough up a candidate that can beat him? Yeah, that would seem to be it.
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Perhaps because the GOP can't seem to cough up a candidate that can beat him? Yeah, that would seem to be it.
Christie
Daniels
Huntsman
Romney
Pawlenty
Ron Paul
And yes, even Palin and Bachmann would be ar better.
Would all be light years better than Obama on every issue.
and again for the record - PLASE TELL ME ONE THING OBAMA HAS DONE TO DESERVE A SECOND TERM?
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Christie
Daniels
Huntsman
Romney
Pawlenty
Ron Paul
And yes, even Palin and Bachmann would be ar better.
Would all be light years better than Obama on every issue.
and again for the record - PLASE TELL ME ONE THING OBAMA HAS DONE TO DESERVE A SECOND TERM?
He's black and as far as we know, he doesn't beat his wife or smoke crack. That makes him a hero to the black community and liberals everywhere.
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He's black and as far as we know, he doesn't beat his wife or smoke crack. That makes him a hero to the black community and liberals everywhere.
;D
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Christie
Daniels
Huntsman
Romney
Pawlenty
Ron Paul
And yes, even Palin and Bachmann would be ar better.
Would all be light years better than Obama on every issue.
and again for the record - PLASE TELL ME ONE THING OBAMA HAS DONE TO DESERVE A SECOND TERM?
Hmmm...
Christie - obese, losing support in his own state, NOT RUNNING
Daniels - short, unknown, boring
Huntsman - unknown, WORKED FOR OBAMA
Romney - Mormon, boring, created "ObamaCare" before Obama
Pawlenty - *yawn*
Ron Paul - lol
Palin/Bachmann - The best choice for the repubes, without question. Two incredibly smart, accomplished women that provide great masturbation material for lonely right-wing white guys. ;D
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Again - NAME ONE THNG OBAMA HAS DONE TO DESERVE A SECOND TERM.
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Again - NAME ONE THNG OBAMA HAS DONE TO DESERVE A SECOND TERM.
Umm...off the top of my head....Saved America from a second Great Depression. ::)
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Umm...off the top of my head....Saved America from a second Great Depression. ::)
REALLY? By what measure?
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REALLY? By what measure?
I'm so glad you asked, PEA BRAIN! ;D
Since coming into office on January 21, 2009, President Barack Obama has:
1. Signed an Executive Order on government contracting to fight waste and abuse.
2. Signed the Lilly Ledbetter Fair Pay Act, restoring basic protections against pay discrimination for women and other workers.
3. Renewed dialogue with NATO and other allies and partners on strategic issues.
4. Announced a plan to responsibly end the war in Iraq.
5. Provided funding to families of fallen soldiers have expenses covered to be on hand when the body arrives at Dover AFB.
6. Ended media blackout on war casualties and the return of fallen soldiers to Dover AFB.
7. Signed the American Recovery and Reinvestment Act which has created 2.1 million jobs (as of 12/31/09).
8. Launched Recovery.gov to track spending from the Recovery Act, an unprecedented step to provide transparency and accountability through technology.
9. Announced the "Making Home Affordable" home refinancing plan.
10. Launched a $15 billion plan to boost lending to small businesses.
11. Invested heavily in education both as a way to provide jobs now and lay the foundation for long-term prosperity.
12. Provided the Department of Veterans Affairs (VA) with more than $1.4 billion to improve services to America’s Veterans.
13. Signed an Executive Order establishing the White House Office of Urban Affairs.
14. Limited lobbyist's access to the White House.
15. Issued an Presidential Memorandum to restore scientific integrity in government decision-making.
16. Answered questions at the first online town hall from the White House that were submitted and voted on transparently by the public at WhiteHouse.gov.
17. Established a central portal for Americans to find service opportunities.
18. Launched Business.gov – enabling conversation and online collaboration between small business owners, government representatives and industry experts in discussion forums relevant to starting and managing a business.
19. Appointed the first ever Federal Chief Information Officer to provide management and oversight over federal IT spending.
20. Signed the Children’s Health Insurance Reauthorization Act on February 4, 2009, which provides quality health care to 11 million kids – 4 million who were previously uninsured.
21. Issued an Executive Order repealing the Bush-Era restrictions on embryonic stem cell research.
22. Signed the Christopher and Dana Reeve Paralysis Act, the first piece of comprehensive legislation aimed at improving the lives of Americans living with paralysis.
23. Announced creation of a Joint Virtual Lifetime Electronic Record for members of the U.S. Armed Forces to improve quality of medical care.
24. Ended the previous stop-loss policy that kept soldiers in Iraq/Afghanistan longer than their enlistment date.
25. Committed to phasing out the expensive F-22 war plane and other outdates weapons systems, which weren't even used or needed in Iraq/Afghanistan.
26. Provided federal support for stem-cell and new biomedical research.
27. Provided new federal funding for science and research labs.
28. Played a lead role in G-20 Summit that produced a $1.1 trillion deal to combat the global financial crisis.
29. Signed the Weapons Systems Acquisition Reform Act to stop fraud and wasteful spending in the defense procurement and contracting system.
30. Ordered the closure of the prison at Guantanamo Bay and a review of our detention and interrogation policy, and prohibited the use of torture.
31. Appointed Special Envoys for Climate Change, Southwest Asia, the Middle
East, Sudan, and a Special Representative for Afghanistan and Pakistan.
32. Empowered states to enact federal fuel efficiency standards above federal standards.
33. Increased infrastructure spending (roads, bridges, power plants) after years of neglect.
34. Increased minority access to capital.
35. Developed a comprehensive new strategy on Afghanistan and Pakistan that will help defeat Al Qaeda and authorized the deployment of more than 21,000 troops to Afghanistan.
36. Signed the Fraud Enforcement and Recovery Act which gives the federal government more tools to investigate and prosecute fraud, from lending to the financial system, and creates a bipartisan Financial Crisis Inquiry Commission to investigate the financial practices that brought us to this point.
37. Signed the Helping Families Save Their Homes Act.
38. Increased, for the first time in more than a decade, the fuel economy standards for Model Year 2011 for cars and trucks so they will get better mileage.
39. Issued a Presidential Memorandum to the Department of Energy to implement more aggressive efficiency standards for common household appliances.
40. Unveiled a program on Earth Day 2009 to develop the renewable energy projects on the waters of our Outer Continental Shelf that produce electricity from wind, wave, and ocean currents. These regulations will enable, for the first time ever, the nation to tap into our ocean’s vast sustainable resources to generate clean energy in an environmentally sound and safe manner.
41. Announced a new U.S.-Mexico border initiative.
42. Concluded cyberspace policy review.
43. Announced a strategy to address the international nuclear threat.
44. Established a new "U.S.-China Strategic and Economic Dialogue".
45. Announced new policy steps towards Cuba.
46. Provided funding for advanced manufacturing technologies.
47. Issued a Presidential Memorandum on the Freedom of Information Act instructing the Attorney General to issue new guidelines to the government implementing those same principles of openness and transparency in the processing of FOIA requests.
48. Funded the design of a new Smithsonian National Museum of African American History scheduled to open on the National Mall in 2015.
49. The Executive Order on Presidential Records brings those principles to presidential records by giving the American people greater access to these historic documents, severely curtailing the ability to use executive privilege to shield those documents.
50. Signed the Edward M. Kennedy Serve America Act, a hallmark piece of legislation.
51. Signed the Credit Card Accountability, Responsibility, and Disclosure (CARD) Act to protect Americans from unfair and deceptive credit card practices.
52. Signed an Executive Order establishing a White House Council on Women and Girls to provide a coordinated Federal response to the challenges confronted by women and girls and to ensure that all Cabinet and Cabinet-level agencies consider how their policies and programs impact women and
families.
53. Launched a U.S. financial and banking rescue plan.
54. Ordered secret detention facilities in Eastern Europe and elsewhere to be closed.
55. Ended the previous policy; the US now has a no torture policy and is in compliance with the Geneva Convention standards.
56. Launched U.S. Auto industry rescue plan.
57. Provided better body armor to our troops.
58. Authorized cutting the missile defense program by $1.4 billion in 2010.
59. Restarted the nuclear nonproliferation talks and building back up the nuclear inspection infrastructure/protocols.
60. Reengaged in the treaties/agreements to protect the Antarctic.
61. Reengaged in the agreements/talks on global warming and greenhouse gas emissions, and addressed the U.N. Climate Change Conference.
62. Supported the first steps of a legally-binding treaty to reduce mercury emissions worldwide.
63. Visited more countries and met with more world leaders than any president in his first six months in office.
64. Managed several natural disasters successfully, including severe winter ice storms and flooding in several states.
65. Provided new car tax credit.
66. Provided attractive tax write-offs for those who buy hybrid automobiles.
67. Purchased fuel efficient American-made fleet of vehicles for the federal government.
68. Endorsed Foreign Account Tax Compliance Act of 2009 that would close offshore tax havens.
69. Nominated Sonia Sotomayor to Supreme Court. She's confirmed and becomes the first Hispanic Supreme Court justice.
70. Helped reverse a downward spiral of the stock market. On January 19, 2009, the last day of President Bush's presidency, the Dow closed at 8,218.22. Today, the Dow closed at 10,309.24 (February 2010).
71. Earned an unprecedented success rate of 96.7% on winning congressional votes on issues where he took a position. He did even better than legendary arm-twister Lyndon Johnson who had a 93% success rate in 1965.
72. Provided affordable, high-quality child care to working families.
73. Restored America's reputation as a global leader that will do the "right thing" in world affairs.
74. Issued an executive order to create the National Commission on Fiscal Responsibility and Reform.
75. Increased funding for student loans and pell grants for 2010 students.
76. Negotiated deal with Swiss banks to permit US government to gain access to records of tax evaders and criminals.
77. Provided tax credit to workers thus cutting taxes for 95% of America's working families.
78. Cracked down on companies that deny sick pay, vacation and health insurance to workers by abusing the employee classification of independent contractor. Such companies also avoid paying Social Security, Medicare and unemployment insurance taxes for those workers.
79. Signed the Matthew Shepard and James Byrd, Jr. Hate Crimes Prevention Act that made it a federal crime to assault an individual because of his or her sexual orientation or gender identity.
80. Appointed the first Special Assistant to the President for Disability Policy.
81. Signed the Veterans Health Care Budget Reform and Transparency Act authorizing advance appropriations for the Department of Veterans Affairs by providing two-fiscal year budget authority thus enabling better medical care for veterans. Endorsed by the American Legion, American Veterans, Blinded Veter...ans Association, Disabled American Veterans, Jewish War Veterans, Military Officers Association, Military Order of the Purple Heart, Paralyzed Veterans of America and Vietnam Veterans of America.
82. Held impromptu press conference to urge Congress to investigate Anthem Blue Cross and other corporate health insurance companies that raise premiums in high amounts without explanation. Rep. Henry Waxman launches probe. In this case, Anthem Blue Cross wanted to raise premiums 39%. They have now put the increase on hold for two months (as of February 2010). Legislation preventing such increases pending.
83. Designated $1.5 billion from the Troubled Asset Relief Program to fund programs at local housing finance agencies in the states hardest hit by the housing crisis: California, Florida, Nevada, Arizona and Michigan. The MBA forecasts that foreclosures will peak in the last quarter of 2010.
84. Protected 300,000 education jobs, such as teachers, principals, librarians, and counselors through the Recovery Act that would have otherwise been lost.
85. Extended discounted COBRA health coverage for the nation's unemployed from 9 months to 15 months. Workers laid off between September 1, 2008 and February 28, 2010 qualify.
86. Extended unemployment benefits for 2,000,000 unemployed Americans by 20 weeks. At the time the bill was signed 7,000 unemployed Americans were losing their unemployment benefits each day.
87. Eliminated federal funding for abstinence-only education which was significantly increased during the Bush Administration to $176 million annually.
88. Rescinded the Global Gag Rule.
89. Appointed the most diverse Cabinet in history including more women appointees than any other incoming president.
90. Committed to no permanent military bases in Iraq through the Defense Authorization Act. For your reference.
91. Provided tax credits to first-time home buyers through the Worker, Homeownership, and Business Assistance Act of 2009 to revitalize the U.S. housing market.
92. Provided the Department of Veterans Affairs the largest spending increase in 30 years to improve medical facilities and national cemeteries, and to assist states in acquiring or constructing state nursing homes and extended care facilities.
93. Strengthened the Endangered Species Act.
94. Empowered states that legalized medical marijuana to regulate themselves. Fourteen states have allowed some use of marijuana for medical purposes: Alaska, California, Colorado, Hawaii, Maryland, Michigan, Montana, Nevada, New Mexico, Oregon, Maryland, Rhode Island, Vermont and Washington.
95. Enhanced earth mapping.
96. Increased funding for national parks and forests in 2010, and plans to do it again for FY 2011.
97. Changed failing war strategy in Afghanistan.
98. Allocated special funding to the Labor Department to provide green job training to veterans.
99. Allocated funding to states and the Department of Homeland Security to save thousands of police or firefighter jobs from being cut during the recession.
100. Created and sustained 2.1 million jobs and stimulated the economy 3.5% [as of December 31, 2009] through the American Recovery and Reinvestment Act.
101. Signed on to the UN Convention on the Rights of Persons with Disabilities.
102. Responded with compassion and leadership to the earthquake in Haiti.
103. Signed the Ryan White HIV/AIDS Treatment Extension Act of 2009. The Act extends the Ryan White programs through 2013.
104. Ordered a review by the Sentencing Commission of mandatory minimum sentences.
105. Signed the Travel Promotion Act of 2010 to increase travel to the United States.
106. Expanded the Rural Energy for America Program and USDA energy grants to empower farmers that want to use renewable energy.
107. Increased funding to the Land and Water Conservation Fund.
108. Launched and extended the "Cash for Clunkers" program.
109. Donated his $1.4 million Nobel Prize to nonprofits.
110. Revitalized and empowered the EPA, OSHA and the SEC to protect workers and consumers by regulating business practices.
111. Signed the HIRE Act.
(http://a3.sphotos.ak.fbcdn.net/hphotos-ak-snc3/26543_372703573847_306981203847_3755674_2144427_n.jpg)
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14. Limited lobbyist's access to the White House.
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84. Protected 300,000 education jobs, such as teachers, principals, librarians, and counselors through the Recovery Act that would have otherwise been lost.
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FAIL. The Stim Bill was a bogus temp band aid and those teachers are all about to lose out now.
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84. Protected 300,000 education jobs, such as teachers, principals, librarians, and counselors through the Recovery Act that would have otherwise been lost.
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FAIL. The Stim Bill was a bogus temp band aid and those teachers are all about to lose out now.
So where is solid proof of this happening? Besides your head?
Hell, even if it was only a temporary band aid, I bet you ask anyone of the affected if they would have rather lost their jobs now or two years ago... their answer would be the same as a whole.
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REALLY? By what measure?
So what exactly do you think happened that kept us from going deeper into the shithole starting with 2009? Did the economy change course all of a sudden based on nothing or what? If you have a serious answer write it ,if you wanna come back with your typical bullshit don't even bother.. ;)
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The overall economy has only gotten worse! Ue is higher are going higher, home prices still collapsing, record levels on food stamps, record levels of state deficit, record levels of people collecting ue and welfare, but oh its cool, the fed is rigging the market in a ponzi scheme so all is well.
Ha ha ha morons.
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So what exactly do you think happened that kept us from going deeper into the shithole starting with 2009? Did the economy change course all of a sudden based on nothing or what? If you have a serious answer write it ,if you wanna come back with your typical bullshit don't even bother.. ;)
What are you talking about? We're even farther in the shithole now than we were in 2009. The only thing that's changed is the ever-increasing debt load being thrown on us. ::)
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So where is solid proof of this happening? Besides your head?
Hell, even if it was only a temporary band aid, I bet you ask anyone of the affected if they would have rather lost their jobs now or two years ago... their answer would be the same as a whole.
Lets see just this week:
1. Detroit closing 50% of schools - broke
2. Bloomberg laying off 6,000 teachers
3. Providence RI seding out layoff notes to all teachers.
4. Wisconsin to layoff 5,000 teachers unless the unions agree to all the concesssions.
THATS JUST THIS WEEK!
But oh yeah - Obama saved the teachers!
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15. Issued an Presidential Memorandum to restore scientific integrity in government decision-making.
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Ha ha ha ha!!!!! Are you fucking serious?
Obama got caught red handed not listening to the scientists on the BP Oil Spill and altered the report!
Also - that piece of trash Lisa Jackson at the EPA couldnt even cite the "studies" she claims forms the basis of the Govt taking over regulating CO2 as a danger to the public.
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This is the print preview: Back to normal view » White House Altered Offshore Drilling Safety Report, Falsely Appeared That Scientists Supported Moratorium: Interior Inspector General Report
DINA CAPPIELLO 11/10/10 08:15 PM
Read More: Altered Drilling Report, Feds Altered Drilling Report, Gulf Oil Spill, Ken Salazar, Kendra Barkoff, Offshore Drilling Ban, Offshore Drilling Moratorium, Offshore Drilling Report, White House Altered Drilling Report, Green News
WASHINGTON — The oil spill that damaged the Gulf of Mexico's reefs and wetlands is also threatening to stain the Obama administration's reputation for relying on science to guide policy.
Academics, environmentalists and federal investigators have accused the administration since the April spill of downplaying scientific findings, misrepresenting data and most recently misconstruing the opinions of experts it solicited.
Meanwhile, the owner of the rig that exploded in the Gulf of Mexico, Transocean Ltd., is renewing its argument that federal investigators are in danger of allowing the blowout preventer, a key piece of evidence, to corrode as it awaits forensic analysis. Testing had not begun as of last week, the company says, some two months after it was raised from the seafloor.
The blowout preventer could be a key piece of evidence in lawsuits filed by victims, survivors and others. Transocean was responsible for maintaining it while it was being used on BP's well. Investigators agreed to flush the control pods with fluid on Sept. 27 to prevent corrosion. But a Transocean lawyer wrote in his Nov. 3 letter that there have been no further preservation steps on the blowout preventer since then.
The latest complaint from scientists comes in a report by the Interior Department's inspector general, which concluded that the White House edited a drilling safety report in a way that made it falsely appear that scientists and experts supported the administration's six-month ban on new deep-water drilling. The AP obtained the report early Wednesday.
The inspector general said the editing changes by the White House resulted "in the implication that the moratorium recommendation had been peer reviewed." But it hadn't been. Outside scientists were asked only to review new safety measures for offshore drilling.
"There are really only a few people that know what they are talking about" on offshore drilling," said Ford Brett, managing director of Petroskills, a Tulsa, Okla.-based petroleum training organization. "The people who make this policy do not ... so don't misrepresent me and use me for cover," said Brett, one of seven experts who reviewed the report.
In a statement issued Wednesday, the White House insisted the review was properly coordinated and pointed to the inspector general's findings.
"Following a review that included interviews with peer review experts, the Inspector General found no intentional misrepresentation of their views...The decision to implement a six-month moratorium on deep-water drilling in the Gulf of Mexico was correctly based on the need for adequate spill response, well containment and safety measures, and we stand behind that decision," White House deputy press secretary Bill Burton said.
Last month, staff for the presidential oil spill commission said that the White House's budget office delayed publication of a scientific report that forecast how much oil could reach the Gulf's shores. Federal scientists initially used a volume of oil that did not account for the administration's various cleanup efforts, but the government ultimately cited smaller amounts of oil.
The same report said that President Barack Obama's energy adviser, Carol Browner, mischaracterized on national TV a government analysis about where the oil went, saying it showed most of the oil was "gone." The report said it could still be there. It also said that Browner and the head of the National Oceanic and Atmospheric Administration, Jane Lubchenco, contributed to the public's perception the report was more exact than it was by emphasizing peer review.
The new inspector general report said Browner's staff implied that scientists had endorsed the drilling moratorium, by raising a reference to peer review in the drilling safety report. At least one outside expert who was involved said he was convinced afterward that it wasn't a deliberate deception, and Interior Department officials told the inspector general they didn't deliberately make changes to cause confusion.
"There was no intent to mislead the public," said Kendra Barkoff, a spokeswoman for Interior Secretary Ken Salazar, who also recommended in the May 27 safety report that a moratorium be placed on deep-water oil and gas exploration. "The decision to impose a temporary moratorium on deep-water drilling was made by the secretary, following consultation with colleagues including the White House."
After one of the reviewers complained, the Interior Department promptly issued an apology during a conference call, in a formal letter and during a personal meeting in June.
All seven experts asked to review the Interior Department's work expressed concern about the change made by the White House, saying that it differed in important ways from the draft they had approved.
"We believe the report does not justify the moratorium as written, and that the moratorium as changed will not contribute measurably to increased safety and will have immediate and long-term economic effects," the scientists wrote earlier this year to Louisiana Gov. Bobby Jindal and Sens. Mary Landrieu and David Vitter. "The secretary should be free to recommend whatever he thinks is correct, but he should not be free to use our names to justify his political decisions."
Those complaints were similar to those of other scientists.
"Their estimates always seemed to be biased to the best case," said Joseph Montoya, a biology professor at Georgia Tech. "A number of scientists have experienced a strong push back."
The inspector general's report said the administration did not violate federal rules because the executive summary did not say the experts approved of the moratorium and because the department publicly clarified what the experts said and had offered a formal apology.
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Associated Press writers Seth Borenstein in Washington and Harry R. Weber in New Orleans contributed reporting.
http://www.huffingtonpost.com/2010/11/10/white-house-altered-offsh_n_781537.html?view=print
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9. Announced the "Making Home Affordable" home refinancing plan.
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WWWTTTFFF? ? ? ?
Another collosal failure.
DO YOU PEOPLE EVEN PAY ATTENTION TO ANYTHING?
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Obama's Home Affordable "HAMP" Program A Failure; Another Huge Wave Of Foreclosures Coming
Mike "Mish" Shedlock | Jun. 22, 2010, 1:04 PM | 4,262 | 28
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Over a third of HAMP participants have exited the program and another batch is coming up. Those leaving the program will likely end up in foreclosure. Moreover, 4 million delinquent borrowers are not even eligible for the program.
Please consider Borrowers exit troubled Obama mortgage program.
The Obama administration's flagship effort to help people in danger of losing their homes is falling flat.
More than a third of the 1.24 million borrowers who have enrolled in the $75 billion mortgage modification program have dropped out. That's more than the 27 percent who have managed to have their loan payments reduced to help them keep their homes.
Last month alone, 150,000 borrowers left the program -- bringing the total to 436,000 who have exited since it began in March 2009. A major reason so many have fallen out of the program is the Obama administration initially pressured banks to sign up borrowers without insisting first on proof of their income. When banks later moved to collect the information, many troubled homeowners were disqualified or dropped out.
"The majority of these modifications aren't going to be successful," said Wayne Yamano, vice president of John Burns Real Estate Consulting, a research firm in Irvine, Calif. "Even after the permanent modification, you're still looking at a very high debt burden."
HAMP Performance Report Through May 2010
Here are a couple of charts from the Making Home Affordable Program Servicer Performance Report Through May 2010.
Hamp Trials Started
Permanent Modifications
Waterfall of HAMP-Eligible Borrowers
Not all 60-day delinquent loans are eligible for HAMP. Other characteristics may preclude borrower eligibility. Based on the estimates, of the 5.7 million borrowers who were 60 days delinquent in the 1st quarter of 2010, 1.7 million borrowers are eligible for HAMP. As this represents a point-in-time snapshot of the delinquency population and estimated HAMP eligibility, we expect that more borrowers will become eligible for HAMP from now through 2012.
Only 30% of the 5.7 million borrowers who are 60 days delinquent are eligible for the program. 4 million delinquent borrowers are stuck. Of those eligible for the program, only 346,000 have completed the trial and received a permanent modification.
Many of those receiving a permanent modification will slip back into default and head for foreclosure. Many of those who successfully keep their house would be better off if they lost it.
Looking at HAMP from every angle, it's safe to say the program was a failure and another huge wave of foreclosures is coming down the road.
Mike "Mish" Shedlock
http://globaleconomicanalysis.blogspot.com
Tags: Mike Shedlock, Housing | Get Alerts for these topics »
Read more: http://webcache.googleusercontent.com/search?q=cache:gHoqIvktbKMJ:www.businessinsider.com/hamp-program-a-failure-another-huge-wave-of-foreclosures-coming-2010-6+%22Making+Home+Affordable%22+falure&cd=1&hl=en&ct=clnk&gl=us&source=www.google.com#ixzz1EoPwpLGR
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89. Appointed the most diverse Cabinet in history including more women appointees than any other incoming president.
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::) ::)
And it fucking shows! This is the most inept, embarrassing, and idiotic admn of all of our collective lifetimes. From Salazar, to Napolitano, Sebelious, etc in the cabinet, not to mention Kagan and SOTO, Romer, Van Jones, etc.
Hope & Change - for retards.
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64. Managed several natural disasters successfully, including severe winter ice storms and flooding in several states.
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Which one was that and what did he do other than turn down the dutch skimmers from Day 1?
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41. Announced a new U.S.-Mexico border initiative.
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Ha ha ha ha- the violence is worse than ever, they ended the fence, ad Napolitano isntding a damn thing about it.
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Less Than Half of Southwest Border Secure, Government Report Says
Published February 19, 2011
| FoxNews.com
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AP
Oct. 18: Secretary of Homeland Security Janet Napolitano looks at an infrared scope pointed at the border fence and Tijuana, Mexico during a visit with California National Guard troops on a hill overlooking the border during a brief tour in San Diego.
Just one month after Homeland Security Janet Napolitano announced the cancellation of a troubled virtual fence project along the southwest border, a new government report says that less than half of the 2,000 miles separating the U.S. and Mexico is "operationally controlled" by the Border Patrol.
The Government Accountability Office report, released this week, found that only 129 miles are under "full control" of the Border Patrol, leaving the rest "vulnerable to cross-border illegal activity."
The study examined the Border Patrol's ability to detect and respond not only to illegal activity on the immediate border but also after entry into the U.S.
The report found that 873 miles are under "operational control," which is only 44 percent of the entire Southern border. But the report said the 837 miles is on average an increase of 126 miles each year since 2005.
Republicans have seized on the report, saying it contradicts Napolitano's recent remarks that the administration's "border security approach is working."
"It is outrageous that DHS officials would make claims that the border is secure when according to the nonpartisan Government Accountability Office, the Border Patrol has 'operational control' over less than half of the Southwest border," Texas Rep. Lamar Smith, the chairman of the House Judiciary Committee, said in a statement.
"Forty-four percent is a failing grade," he said. "Administration officials are either blissfully unaware of the massive holes in security along the Southern border or are intentionally misleading the American people. Neither is acceptable."
The department has vigorously defended its efforts on the border ever since Napolitano canceled the SBInet, a project that aimed to implement a system of cameras and sensors which would allow officers to monitor crossings and dispatch Border Patrol agents to catch anyone entering the U.S. illegally.
The department is now pursuing a "new path forward" for security along the border that includes different technologies in different areas, Napolitano has said.
The department has noted that the administration has doubled the number of agents since 2004 to more than 20,500 and that the deployment last year of 1,200 National Guard troops and other initiatives have helped border officials seize more cash, more illegal drugs and more illegal weapons over the past two years.
But Napolitano said this week that the numbers need to improve faster in the Tucson sector, one of the most highly trafficked areas of Arizona.
The GAO report comes on the same week that a drug cartel in Mexico killed a federal agent and wounded another, prompting calls from Republicans for increased security measures.
In President Obama's budget for next fiscal year, which was released this week, he requests $43.2 billion for homeland security, an increase of $300 million from last year. The Republican-controlled House just passed a spending bill that gives $41.5 billion to the department, a 3 percent decrease from 2010.
Napolitano told the Senate Homeland Security Committee this week that the president's request would enable the department to secure the border.
"At the border itself, you need manpower, you need technology, you need infrastructure," she said. "Some of the things in the president's budget will really assist in this regard because they will allow us to complete some interoperability projects in terms of communications along the border."
http://www.foxnews.com/politics/2011/02/19/half-southwest-border-secure-government-report-says
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108. Launched and extended the "Cash for Clunkers" program.
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Another collosal failure that ended up costing the taxpayer on average $24,000 per car turned in. Yeah fucking great success there!
Only a brain dead idiot lib could call that a success.
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51. Signed the Credit Card Accountability, Responsibility, and Disclosure (CARD) Act to protect Americans from unfair and deceptive credit card practices.
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Another fail. Rates have risen to their hghest levels ever, even for people with great credit.
Another liberal "success" - when everyone gets fucked evenly.
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82. Held impromptu press conference to urge Congress to investigate Anthem Blue Cross and other corporate health insurance companies that raise premiums in high amounts without explanation. Rep. Henry Waxman launches probe. In this case, Anthem Blue Cross wanted to raise premiums 39%. They have now put the increase on hold for two months (as of February 2010). Legislation preventing such increases pending.
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Ha ha ha ha - since pssing ObamaCare -premiuims have skyrocketed!
And now we have to list talking wo the telemprompter as an accomplishment? Ha ha . Damn you guys have nothing at all left.
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44. Established a new "U.S.-China Strategic and Economic Dialogue".
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Yeah, its called - " fuck me in the ass and i will bow to you. "
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102. Responded with compassion and leadership to the earthquake in Haiti.
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Oh fuck that is funny.
Leadership? What did he do. Last i read, the place is sufferig from the same shit it did the days after and there were many cholera outbreaks.
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7. Signed the American Recovery and Reinvestment Act which has created 2.1 million jobs (as of 12/31/09).
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91. Provided tax credits to first-time home buyers through the Worker, Homeownership, and Business Assistance Act of 2009 to revitalize the U.S. housing market.
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ANOTHER FAIL
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U.S. New-Home Sales Unexpectedly Fell to Record Low
Business Week ^ | 2-24-11 | Bob Willis
Feb. 24 (Bloomberg) -- Sales of new homes in the U.S. unexpectedly fell in January to the lowest level on record, a sign that an extension of a government tax credit may not be enough to rekindle demand.
The report underscores Federal Reserve Chairman Ben S. Bernanke’s comments today that the economy is in a “nascent” recovery the still requires low interest rates. Homebuilders face competition from foreclosed properties that have driven down prices at the same time companies are reluctant to create jobs.
“The foreclosure flow is robbing demand from the new-homes market and that process seems to be strengthening,” said Julia Coronado, a senior economist at BNP Paribas in New York, “The new-homes market just can’t get off the floor. If new homes suffer, construction suffers and jobs suffer.” SNIP--------- Rising Foreclosures
Rising foreclosures are the main threat to a sustained housing recovery. A record 3 million U.S. homes will be repossessed by lenders this year as unemployment and depressed home values leave borrowers unable to make their house payment or sell, according to a RealtyTrac Inc. forecast last month. Last year there were 2.82 million foreclosures, the most since the Irvine, California-based company began compiling data in 2005.
(Excerpt) Read more at businessweek.com ...
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30. Ordered the closure of the prison at Guantanamo Bay and a review of our detention and interrogation policy, and prohibited the use of torture.
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Personally i dont care about this issue - but this is another massive fail.