Wednesday, October 20, 2010
JOBS ?...TRUTH TIME ! Following the Bush-caused collapse of 2008, President Obama has ALREADY created more jobs in just 20 months than Dubya did in 2 FULL TERMS ! Still long way to go...but the LIE that Repubs would do better is just that...A LIE !
Tuesday, October 19, 2010
****************
WONDERING....Where's Dubya ?
Is he still in the country ? NOBODY mentions his name....not the GOP candidates...not the media....like they're all pretending he never existed ! But some predict he'll pop-up right after the midterms to push his new coloring book. What a Group. GOTV !!!
Blacks4Barack Org.
National Director
In an absolute insult to the intelligence of the entire Hispanic Community of Nevada, an arm of the GOP has put out a new television commercial asking Latinos in the state to NOT vote in the midterm elections November 2nd. Following the report that Republican Senatorial candidate Sharon Angle recently made the remark that Hispanics actually " look like Asians ", it is becoming more and more obvious that the Republicans have a deep disdain for the Hispanic Community, a sentiment already felt strongly in the Black communities as well. But to be so blatant as to literally run commercials that point blank say...'Don't Vote this November', is absolutely shocking in it's gall. We are hearing reports that this unbelievable 'ploy' is already backfiring on the GOP as Latinos have voiced their shock at these voter suppression attempts by the Right-Wing.
"To ask a community, any community to silence their voice as a way to resolve or react during a time when their voice is most needed, is what makes all this reprehensible," Luis Valera of UNLV's Government Relations said, according to KTNV's report.
To make certain they got their Don't Vote message across to all, the despicable ads were produced in both Spanish and English version. Here is the English version.
WATCH: (English Version 'Don't Vote' ad)
Blacks4Barack
National Director
As the GOP, with the aid of the media, constantly and falsely tells Americans that everything is President Obama's fault; from the high deficit and high unemployment rate to the wallstreet/bankster bailout itself, just an elementary degree of research shows that not only was President Obama NOT President at the time of the Bush bailout, but REPUBLICANS were actually the driving force in the bailout's passage, a fact unreported by our 'great' media. Below is a video of Republican House Minority Leader John Boehner who, in the midst of the Bush economic collapse in September of 2008, to convince his fellow Congresspeople to vote yes, literally begged, complete with tears, for the passage of the Bush bankster bailout.
So when folks try to blame President Obama for America's economic condition (which was actually caused by Bush)...or they try to blame The President for our high deficit (which was also caused by Bush)...or they try to blame The President for the high unemployment or the bailout itself (definitely Bush) simply forward this video to them, post haste. The GOP, in cahoots with the corporate media, are both hoping America has attracted a bad case of amnesia with their constant "Obama did it" meme. But here it is....the TRUTH ! Hate to see a Republican grown man cry...especially to give our taxpayer dollars to the wallstreet crooks....but here it is.
WATCH:
Sunday, October 17, 2010
By Greg Jones
Blacks4Barack
National Director
In what turned out to be the largest political event of the season thus far, President Obama along with our 1st Lady Michelle Obama, excited close to 35,000 energized voters at the Moving America Forward rally held Sunday in Columbus, Ohio. As some pundits have been stating (or hoping) that Dems are not energized about the upcoming midterm elections November 2nd, just one look at the huge crowd proved otherwise. With excitement in the air, the crowd of thousands shouted chants of Fired Up along with the locations famous OH...IO ! The event was held at The Ohio State University featuring speakers including retired Ohio U.S. Senator and famous astronaut John Glenn among others.
The President and 1st Lady informed the crowd of the vital importance of voting in the upcoming midterm election and explained the dire results should the GOP obtain success as The President stated " if they win this election, the chair of a Republican campaign committee has promised that they will pursue the exact same agenda as they did before they took office."
Here's an excerpt: THE PRESIDENT: I mean, it’s not like we didn’t try what they’re peddling. We tried it for eight years. It didn’t work. And if they take over Congress, the other side has already promised to roll back health reform so that insurance companies can go back to denying you coverage when you get sick.
AUDIENCE: Booo!
THE PRESIDENT: They want to roll back Wall Street reform so that taxpayers can be on the hook for the next bailout.
AUDIENCE: Booo!
THE PRESIDENT: They want to let credit card companies hit you with hidden fees or penalties.
AUDIENCE: Booo!
THE PRESIDENT: They want to cut education by 20 percent to help pay for a $700 billion tax break for the wealthiest 2 percent of Americans, folks who don’t need it and won’t even --
AUDIENCE: Booo!
THE PRESIDENT: Look, this is the same theory they have been peddling for years. And, Ohio, it is up to you to tell them we do not want what they are selling. We’ve been there before and we are not going back. (Applause.)
1st Lady Michelle Obama spoke of the importance this election has on the future. " I am like every parent that I know. My children are the center of my world. (Applause.) And my hopes for their future are at the heart of every single thing that I do. And when I think about the issues facing our nation right now, I think about what that means for our girls. And I think about what that means for the world that we’re leaving for them and, quite frankly, for all of our children. I think about whether or not we’re leaving the next generation -- and that would be many of your generation, your generation, folks -- whether we’re leaving something better. And that’s really how I look at things. "
The Ohio rally, which teamed The President and 1st Lady together for the first time on the campaign trail, was in support of Democrats Governor Ted Strickland, who is running against Republican Fox News anchor John Kasich, as well as for Lee Fisher who is running for U.S. Senate seat against Rob Portman, formerly a key player in the Bush administration.
With a live musical performance by John Legend, The President's closing remarks sounded the trumpet to the thousands with a call to action. " And if you will recapture that spirit, if you are out there knocking on doors and making phone calls, talking to your friends and neighbors, if you do not give up hope, then I guarantee you that not only are we going to win this election -- because this was never just about putting a President in the White House, it was about building a movement for change that lasted for a long time -- we will build a movement for change that will last 10 years from now and 20 years from now, and we will grow this economy and restore the middle class to its rightful place. And once again, the American Dream will be alive and well. "
As the crowd cheered in unison, one thing stood out most. Despite reports to the contrary, the Democrats are definitely energized. And at the event's close, one couldn't help but to feel; Ohio is... Fired Up !
Fired Up !
Saturday, October 16, 2010
GOP Rewarding Corporations
That Ship JOBS OVERSEAS !
WATCH:
B4B COUNTDOWN:
Just 17 days to GOTV in mass numbers. Interesting how the media is
slowly but surely backtracking on all of their fake claims/lies that
the Repubs were going to 'stomp' the Dems.....and Yes...We ARE
Energized !!!....and Fired Up...Ready To WIN....to literally Save
America from the Party of NOthing except aid to the rich and the outsourcing of jobs !!! Also....good to see so many young people getting energized.....again ! Lastly, time to emphasize to those with selective memory....the deficit is high because of the BUSH/Paulsen $787 BILLION bank bailout of Sept. '08...yes....the Repubs....NOT....President Obama.
FIGHT LIES with TRUTH !!!!
Wednesday, October 13, 2010
Tax Credit Means for College Students
By Katelyn Sabochik
Any middle class parent or student who’s worried about paying college tuition will tell you that $2,500 makes a big difference when it comes time to pay the bills. But right now, there's a real chance students will lose access to an important tax credit provides this level of assistance - unless we act quickly.
That’s why President Obama is calling on Congress to make the American Opportunity Tax Credit – a $2500 per year tax credit for working families and students attending college – permanent. To help bring attention to the issue, he's meeting with college students in the Oval Office today. You can help by spreading the word about this important issue as well.
This isn't just an issue for current students - it matters to all of us. Having more college educated workers in the American workforce is crucial to growing our economy. In order to compete in the 21st century global economy, we need to give all Americans the opportunity to pursue a college degree – and that’s exactly what this tax credit does:
- The American Opportunity Tax Credit gives working families and students a $2,500 per year tax credit for students attending college.
- If Congress makes this tax credit permanent it would be worth up to $10,000 for four years of college.
- 12 million more students from working families will have a chance to earn a college degree thanks to a 90% increase in tax credits for education during the first year of the Obama Administration.
Unfortunately, some Congressional Republicans are proposing a 20% cut on education which would mean reducing financial aid for eight million college students and leaving community colleges without the resources they need to prepare students for the jobs of the future. At the same time, they’re proposing to borrow $700 billion to provide millionaires and billionaires with an average tax cut of $100,000.
At times like these, cutting back on investments that are directly related to our economic growth just doesn’t make sense. We can’t afford to shortchange American students, and that’s why the President will continue to fight to make the American Opportunity Tax Credits permanent and to strengthen our education system for all students.
READ:
Remarks by The President on the
Saturday, October 9, 2010
Dems Stomped Repubs in Last Midterm Elections
Biggest Beat-Down in Political History...
So, Yes...Dems DO Turnout.
As the Republican Party, with a lot of help from the corporate controlled media, continues the rant on a daily basis that the Repubs are automatic victors in the upcoming midterm elections, we frequently hear that the Dem voters have a history of low turnout for midterms, are 'de-energized' as they call it, and will just stay home this November 2nd. But a simple look back at the last midterm elections which occurred in 2006 paints a completely different picture of Dem voters.
First of all, the 2006 midterm elections experienced a record number of total voters with close to 81 million. As the GOP and media claim weak anticipated Democrat turnout, which supposedly assures the Repubs will take over Congress, the fact is, in the last midterm voter turnout was Dems 42 million to Repubs 36 million. So 6 million more Dem voters turned out to vote than Repubs. Another interesting and unreported fact about the last midterm is that the Dems actually put a monumental, no...make that an historic beating on the Repubs. For the first time in the history of the United States, no Republican captured ANY House, Senate, or Gubernatorial seat previously held by a Democrat. Not one seat ! (A point we NEVER hear from our great media)
So the idea (or outright lie) that Dems do not turnout to vote in midterms is not only the opposite of the truth...but is actually simply a weak manipulative ploy to pre-claim Repub victory in hopes that Dem voters will be fooled, dissuaded, de-energized and NOT turnout as they have in the past, thinking it's a victorious done deal already for the Repubs.
Lastly, the media-aided GOP also claims that this November 2nd midterm could be a reflection of the 1994 midterm election in which the Repubs gained seats in record numbers. What they (the media nor GOP) don't report is that when the Repubs took control in 1994, they had not held a majority in the House or Senate for the previous 50 YEARS ! That's a huge difference between now and then since, despite media manipulation and GOP lies, more and more Americans realize that the current state of the country is due to the actions of the previous Republican administration which ended just 2 years ago, as compared to 50.
Bottom line, pay no attention to the man behind the curtain working the knobs of non-stop manipulation through fake polls, rants, rhetoric, so-called 'expert' punditry or corporate sponsored ads of deception. As proven by the results of the last midterm in 2006, if Dem voters do what they very well know how to do, (re-proven in 2008) and that is to Get Out The Vote....then this November's midterm can and will prove that no matter how many lies, no matter how much in corporate big money, no matter how much the media attempts to manipulate...Together....Yes We WILL !
Let's Do It Again !
Greg Jones Breaking It Down is a new regular feature from the Blacks4Barack Org.
and as all materials through B4B, is free to be shared/linked. Knowledge is Power...Pass It On.
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Wednesday, October 6, 2010
Forbes Magazine lists the
" World's 100 Most Powerful Women "
....and guess who's #1.
SO PROUD of our 1st Lady Michelle Obama !
See complete list: CLICK HERE
Tuesday, October 5, 2010
Poll:
Who Supported Health Care Reform
Amanda Terkel
HuffPo
A new survey by the Public Religion Research Institute (PPRI) bucks the conventional wisdom that voters are overwhelmingly mad about health care reform and that candidates who embrace it on the campaign trail are putting themselves at risk.
Fifty-four percent of voters say they would be more likely to back a candidate who supported health care reform, according to the poll. That number includes 51 percent of independents and 79 percent of Democratic voters. Fifty-nine percent of Republican voters, however, say they would be less likely to vote for a candidate who supported the legislation.
"This isn't a shock to anyone who's actually been on the ground, in the 50 states, organizing," said Arshad Hasan, executive director of Democracy for America, which provides grassroots support to progressive candidates. "We've been shouting this from the rooftops all year, and this data backs it up. Most people are tired of being ripped off by big insurance companies and were hungry for reform. That's why President Obama ran on health care as an issue, and that's why Democrats should stand by it now. If anything, people are upset that reform wasn't stronger."
A recent Kaiser Family Foundation Health Tracking poll also found that 49 percent of the public has a "generally favorable" view of the Affordable Care Act, and 40 percent have an unfavorable view. (read rest of article) Health Care Reform: Another of President Obama's 244 Accomplishments ! (CLICK for complete list)
28 Days until Vote To Save America Day !
GOTV ! Yes We WILL.....(again) !
on Community Colleges
President Barack Obama and Dr. Jill Biden take part in the White House Summit on Community Colleges, highlighting the critical role that community colleges play in developing America’s workforce and reaching our educational goals, in the East Room of the White House, October 5, 2010. (Official White House Photo by Pete Souza) Read FULL TRANSCRIPT HERE or for
White House video and report CLICK HERE.
By David A. Patten
Newsmax
A new report by the International Monetary Fund paints a brutally grim picture of the global economic outlook, warning that continued European belt-tightening combined with possible deficit-cutting in the United States could lead to a global double-dip recession.
Ambrose Evans-Pritchard, international business editor of the Daily Telegraph newspaper, wrote that the report suggests Western economies are stuck in a "near depression."
In the near term, the report suggested, nations seeking to stabilize their economies by cutting their budgets will only make the global economy worse.
Evans-Pritchard reported the IMF analysis "more or less condemns southern Europe to death by slow suffocation and leaves little doubt that fiscal tightening will trap North Europe, Britain, and American in a slump for a long time."
Nobel Prize-winning economist and former World Bank chief economist Joseph Stiglitz used even more drastic imagery. He said some governments may be caught in a "death spiral."
Stiglitz warned that Spain, which has a ballooning deficit and massive unemployment, may be the next target of the same speculators who pushed Greece to the brink of insolvency earlier this year.
"Under the rules of the game, Spain must now cut its spending, which will almost surely increase its unemployment rate still further," Stiglitz wrote. "As its economy slows, the improvement in its fiscal position may be minimal."
Moody’s last week cut Spain's credit rating from AAA to Aa1.
Entitled "Will It Hurt? Macroeconomic Effects of Fiscal Consolidation," the IMF report states that when a nation cuts its budget by 1 percent of GDP, it ordinarily experiences a half percentage point drop in growth.
But if interest rates are already at zero -- as is the case now in many nations -- and too many nations cut their spending simultaneously, the negative impact of austerity programs on economic growth can be much worse.
The report stated that cutting government spending does help economies to grow in the long run. But first come slower growth and higher unemployment, at least as far as the current "fiscal retrenchment" is concerned.
The United States responded to the economic meltdown by opening its wallet wide and doling out over $1 trillion in TARP and stimulus spending, a significant percentage of which flowed overseas.
European nations, on the other hand, took a much more conservative approach, and rebuffed President Barack Obama's entreaties for them to spend more money in order to juice their economies. Recently, they have begun to embark on serious cost-cutting campaigns.
The latest example came Monday, as British Chancellor of the Exchequer George Osborne's announced that some 3 million wealthy British families will no longer receive the stay-at-home mom benefit. That entitlement paid those with two children up to $2,700 a year.
Portugal, meanwhile, is in dire economic straits. Premier Jose Socrates is increasing the VAT tax, cutting public-sector wages, and freezing pensions. Portugal's trade unions have called for a massive strike next month.
The IMF's concern is that too many nations tightening their belts at the same time will lead to economic stagnation, before the longer-term benefits of smaller public sectors take effect.
Stiglitz, a Columbia business school professor who argues for a return to Keynesian economics, is promoting an updated version of his book "Freefall: America, Free Markets, and the Sinking of the World Economy." He warned in the Telegraph that the Euro might not survive the Continent's current austerity crusade. He said its outlook appears "bleak."
"The worry is that there is a wave of austerity building throughout Europe and even hitting America's shores," Stiglitz wrote. "As so many countries cut back on spending prematurely, global aggregate demand will be lowered and growth will slow -- even perhaps leading to a double-dip recession." (read rest of article)
B4B NOTE: We must do ALL we can to block the Party of No from regaining power Nov. 2nd. EVERYTHING about their plans/intentions are guaranteed to totally destroy the Future of America. The repeal of health care reform, the end of Social Security, cuts in Medicare, blocking financial aid to states which would create massive layoffs of police, fire, teachers, etc. Blocking/ending unemployment benefits-forcing millions of Americans to literally starve, blocking stimulus monies designed to avoid a global double-dip recession, the repeal of minimum wage laws-forcing Americans to work for Chinese wages, (all while giving tax-breaks to the rich), an onslaught of fake charges against President Obama and much more. This is their agenda....these are their promises...and this is what...
Tuesday, September 28, 2010
PRESIDENT BARACK OBAMA !
Here it is ! The most complete list of The 244 Accomplishments of President Barack Obama. This special list was compiled by Robert P. Watson, Ph. D., who is a presidential historian and Professor of American Studies at Lynn University. As some falsely claim " he hasn't done anything "....as you can plainly see by the incredible list, President Obama has OBVIOUSLY accomplished more in just 20 months than most president's have in 8 years. And there's MUCH work still ahead...which is why it is of VITAL importance that we work hard, through Unity...to make sure that EVERYONE we know votes on November 2....to LITERALLY Save America ! GOTV !
Monday, September 27, 2010
President Signs Small Business Jobs Act
“I’m thrilled to be here on what is an exciting day,” said the President as he prepared to sign the Small Business Jobs Act this afternoon. With small business owners who will receive tax breaks and better access to credit in the audience, the President explained to everybody why he has fought so long for it:
Now this is important because small businesses produce most of the new jobs in this country. They are the anchors of our Main Streets. They are part of the promise of America – the idea that if you’ve got a dream and you’re willing to work hard, you can succeed. That’s what leads a worker to leave a job to become her own boss. That’s what propels a basement inventor to sell a new product – or an amateur chef to open a restaurant. It’s this promise that has drawn millions to our shores and made our economy the envy of the world. (watch video for breakdown)
B4B NOTE:
...and for those who ignorantly claim The President " hasn't done anything "...against major/constant obstructionism...chalk this up as Accomplishment #147-in just 20 MONTHS !
(I may be off by 1 or 2...but you feel me)
Sunday, September 26, 2010
Message of the Day !
DON'T BE FOOLED ! The GOP game plan is a simple one. In lieu of a true agenda (which they do not have)...their plan is to simply " act like we won already with a little (lot) of help from our friends...the corporate media "...all designed to de-energize Dem voters....to feel there's no reason to go to the polls since it's
" already a done deal ". We MUST combat this weak tactic by telling EVERYONE we know the vital importance of GOTV ! 5 Weeks to go...It's FIGHT TIME !!!
B4B Home Page
Saturday, September 25, 2010
Slams GOP ' Pledge '; Calls it
" an echo of a disastrous decade
we can't afford to relive "
WATCH:
The Future of America Depends on YOU...
Do ALL you can to....GOTV !!!!
Subscribers Click B4B Main Page for video
Thursday, September 23, 2010
Benefits That Start TODAY !
By Rep. John B. Larson
Chairman of the Democratic Caucusin the U.S. House of Representatives
Major new health reform benefits take effect today to help keep health insurance companies accountable, lower health care costs, guarantee more health care choices, and enhance the quality of health care for all Americans.
Starting today, insurers will be required to:
- Keep you covered when you get sick: Simple mistakes or typos will no longer be grounds for insurance companies to cancel your insurance.
- Cover kids with pre-existing conditions: Your kids can no longer be denied health coverage just because they have a pre-existing condition like hay fever, asthma, or previous sports injuries. This protection extends to all plans, except "grandfathered" plans in the individual market.
- Allow young adults to stay on their parents' plan up to age 26: Even if their first few jobs don't provide health benefits, your kids can still remain covered by your insurance.
- Remove lifetime limits: You will no longer need to worry about your health insurer limiting the amount of coverage available through their plan if you face an expensive medical condition. This will help Americans who develop chronic conditions from taking drastic measures to avoid medical bankruptcy.
- Phase out annual limits: Many plans include annual dollar limits on how much medical coverage can be obtained per year. On all non-"grandfathered" plans in the individual market, these limits will be phased out over the next three years.
For any insurance plan that goes into effect after September 23, 2010, your insurance company must:
- Pay for preventive care like mammograms and immunizations: Addressing problems before they start can help keep you healthier, and new insurance plans will now cover many preventative tests and immunizations without any copayment.
- Give you a better appeals process for insurance claims: Now you'll have a guaranteed and fair path to help you receive the benefits you paid for if insurance companies deny your claim.
- Let you choose your own doctor: Health reform makes it clear that you can choose any available participating primary care provider as your provider, and any available participating pediatrician to be your child's primary care provider.
- Provide easier access to OB-GYN services: Women will no longer be required to have a referral from a primary care provider before seeking coverage for obstetrical or gynecological (OB-GYN) care from a participating OB-GYN specialist.
- Allow you to use the nearest emergency room without penalty: If an emergency arises while you're away, you will no longer have to drive home to your in-network provider to receive in-network benefits.
Many other new benefits of the law have already taken effect, including rebate checks for seniors in the donut hole and tax credits for small businesses. Keep watching, as more rights, protections and benefits for Americans are on the way now through 2014. (As appeared on HuffPo)
To learn more about how health care reform is helping you, visit healthcare.gov.
Wednesday, September 22, 2010
This pic from Facebook friend Jim Bruce says it all !
This Needs to Go VIRAL !
B4B Home Page
Tuesday, September 21, 2010
Message from The President-6 Weeks Out
Says: Let's GET BUSY !
WATCH:
LARRY SUMMERS TO
LEAVE WHITE HOUSE
Read: President Obama's Response
Update: The White House has now officially announced that Larry Summers is leaving his position as Director of the National Economic Council and will be returning to Harvard at the end of the year. Here's a part of President Obama's statement:
I will always be grateful that at a time of great peril for our country, a man of Larry's brilliance, experience and judgment was willing to answer the call and lead our economic team. Over the past two years, he has helped guide us from the depths of the worst recession since the 1930s to renewed growth. And while we have much work ahead to repair the damage done by the recession, we are on a better path thanks in no small measure to Larry's wise counsel.
B4B NOTE: Sensing that The President was far from satisfied with Summers. Hoping that he selects economist, Nobel Prize winner Paul Krugman as the replacement.
Monday, September 20, 2010
Economic Townhall/Forum
Takes questions from audience...Tells it like it is !
Visit msnbc.com for breaking news, world news, and news about the economy
Subscribers Click B4B Main Page for video
Saturday, September 18, 2010
The Republican Corporate Power Grab
The President explains how the most dire warnings about the Citizens United case have been proven valid as Republicans in Congress have blocked legislation to fix it.
Friday, September 17, 2010
President Appoints Elizabeth Warren
" Chief of Protecting America's
Middle Class "
from Bankster Rip-Offs
FULL TRANSCRIPT: Read President's Complete Announcement to Press Announcing Historic Warren Appointment
Also: Read Statement from Elizabeth Warren:
" Fighting to Protect Consumers "
B4B Home Page
B4B Quick Thought !
Be Inspired...Be Informed...
BE INVOLVED !!!
Less than 50 days left to stress to ALL the dire need to GOTV )Get Out The Vote) in mass numbers to literally Save America from falling into the hands of the whackos and " Party of No Concern " for Americans (except the rich). And beware of all future fake polls and opinions via the media strategically designed to mislead and deter/diminish Dem voter turnout.
It's FIGHT TIME !!!
Wednesday, September 15, 2010
President Pens New Book for Children
By Louise Radnofsky
President Barack Obama is coming out with a post-election book: a picture book for children called “Of Thee I Sing: A Letter to My Daughters,” Random House announced today.
The book, to debut Nov. 16, looks at 13 “groundbreaking Americans and the ideals that have shaped our nation—from the artistry of Georgia O’Keeffe, to the courage of Jackie Robinson, to the patriotism of George Washington,” Random House said in a press release.
Obama’s book, his third, was written before he took office in January 2009; the deal was brokered by Washington lawyer Bob Barnett, who has handled book deals for Bill Clinton, Hillary Clinton, Henry Paulson, Sarah Palin, Laura Bush
, George W. Bush, Dick Cheney and Donald Rumsfeld, among others.
The artist, Loren Long, has illustrated Madonna’s “Mr. Peabody’s Apples” as well as a children’s version of Walt Whitman’s “When I Heard the Learn’d Astronomer” and a new edition of Watty Piper’s “The Little Engine That Could.”
Obama’s earlier books, “Dreams from My Father” and “The Audacity of Hope,” both became international bestsellers. Proceeds from “Of Thee I Sing” will be donated to a scholarship fund for the children of fallen and disabled soldiers, the publishers said. The book will have a 500,000-copy first printing, will be published by Random House’s Alfred A. Knopf Books for Young Readers imprint.
B4B NOTE: And to think....Bush had problems just READING
' My Pet Goat '. What a difference an election makes !
(p.s. GOTV !)
ELIZABETH WARREN !
Jake Tapper
ABC news
President Obama will announce this week that Elizabeth Warren, the Harvard Law School professor who first proposed the Consumer Financial Protection Bureau, will be named to a special position reporting to both him and to the Treasury Department and tasked with heading the effort to get the new federal agency standing, a knowledgeable Democrat told ABC News.
Warren currently chairs the Congressional Oversight Panel of the Troubled Assets Relief Program and has been seen by many on the Left as a force for greater accountability and transparency, and a check against the forces in the Obama administration more closely allied with the financial sector. Many officials in that sector eye her warily as too anti-business.
At his press conference Friday, President Obama noted that “the idea for this agency was Elizabeth Warren’s,” a reference to an essay she wrote in 2007 in Democracy: A Journal of Ideas in which she proposed a “Financial Product Safety Commission.”
The president went on to call Warren “a dear friend of mine. She’s somebody I’ve known since I was in law school. And I have been in conversations with her. She is a tremendous advocate for this idea. It’s only been a couple of months, and this is a big task standing up this entire agency, so I'll have an announcement soon about how we’re going to move forward.”
Naming Warren as an assistant or counselor to both the president and Treasury Secretary Tim Geithner would allow the president to bypass a Senate confirmation process that could prove lengthy and contentious.
“I’m concerned about all Senate confirmations these days” including if he were to “nominate somebody for dog catcher,” the president said Friday when asked if he was concerned about Warren’s ability to be confirmed. “I’ve got people who have been waiting for six months to get confirmed who nobody has an official objection to and who were voted out of committee unanimously, and I can’t get a vote on them.”
Since nominees facing the confirmation process also enter a period of public silence, avoiding the confirmation process would also allow Warren to publicly discuss the agency and its benefits, which the president is eager for her to do.
The president Friday heralded the new bureau, saying it would be “hugely helpful to middle-class families in the years and decades to come…an independent agency, whose sole job is to protect families in their financial transactions.”
Last night Bloomberg News's Hans Nichols and Robert Schmidt reported that the president was considering installing Warren at the Treasury Department to play a leading role in creating the new bureau.
The Wall Street reform bill that became law in July gives the Treasury Department the authority to take the lead in helping to create the new agency. The Democrat said the administration anticipates it will take less than 18 months from the bill’s passage to get the new agency up and running. (read rest of article)
Tuesday, September 14, 2010
Budget Deficit DECREASED 13%
So Far Under President Obama !
Where's MSM on this ?
The U.S. government posted a smaller budget deficit in August compared with the same month last year, helped by rising tax receipts.
The excess of spending over revenue totaled $90.5 billion last month, smaller than the median forecast of economists surveyed by Bloomberg News and down 13 percent from $103.6 billion in August 2009, according to a Treasury Department report issued today in Washington. The gap for the fiscal year that started in October was $1.26 trillion compared with $1.37 trillion last year at the same time.
The economic recovery has helped generate more tax revenue for the Treasury, even as the Congressional Budget Office forecasts the deficit this fiscal year will reach $1.34 trillion, the second-largest on record. The Obama administration faces the challenge of trying to limit the shortfall while stimulating an economy with joblessness close to 10 percent.
“We’re seeing the revenue coming back,” said Scott Brown, chief economist at Raymond James & Associates Inc. in St. Petersburg, Florida. “The cumulative deficit for the fiscal year is a bit smaller, but still fairly wide. It doesn’t signal a lot of improvement.”
Stocks and Treasury securities climbed. The Standard & Poor’s 500 Index rose 1.1 percent to 1,121.9 at the 4 p.m. close in New York. The yield on the benchmark 10-year note, which moves inversely to prices, dropped to 2.75 percent from 2.79 percent late on Sept. 10.
Less than Forecast
The government’s budget deficit for August compares with a forecast of $95 based on the median of 35 estimates in a Bloomberg survey. Projections ranged from gaps of $120 billion to $85 billion.
The non-partisan CBO forecasts the budget deficit will amount to 9.1 percent of gross domestic product this year, only exceeded in the past 65 years by 2009’s 9.9 percent. (read rest of article)
B4B NOTE: So the budget deficit is going down thanks to the Obama economic recovery which has helped generate more tax revenue for the Treasury. As the GOP, the Tea Party and media claim deficit reduction to be one of the main issues of concern...although there is still much work ahead, this reduction is MAJOR NEWS.....but NOT being reported AT ALL in our main stream media ! Manipulation is not only accomplished by untruths told...but by truths/facts strategically NOT reported as well. Knowledge is Power.
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