http://www.cnbc.com/id/29063134
As payments dry up, almost half of 11.6 million jobless don’t receive help
http://www.msnbc.msn.com/id/29084715/ Read More »
It's really not difficult. You click make a comment and think of the economy, healthcare, abuse of power, Iraq, middle-class tax cuts, job loss, job creation, food stamps, intelligent leadership .... and name ONE.
I'll start you off.
(1) Bipartisan collaboration on the stimulus bill will create no stimulus and put the blame directly on the democrats.
Republican Sen. John Cornyn of Texas said he expects Obama's stimulus package to pass the Senate, but he warned that it could damage the U.S. economy in the future.
A stark critic of Obama's approach to repairing the badly damaged economy, Cornyn said he believes passing the measure with minimal Republican support must be a major disappointment to Obama. He argued that the president's stimulus package is loaded with pet Democratic spending projects and is "just spending as far as the eye can see."
Republicans claim that Democrats have failed to learn the lessons of history, arguing that an Obama-style stimulus did not work in the 1930s, when President Franklin D. Roosevelt faced similar economic upheaval. Read More »
Barack Obama must require that none of the auto companies' executives receive any bonus this year.
Further, Barack must require that they all work for $1.00, One Dollar annual salary in 2009.
Anything else is a total rape not just of the taxpayers, but a rape of all America.
"As Putin rears his head and comes into the airspace of the United States of America, where do they go? It’s Alaska....!" -Sarah Palin
Mark C. Eades
http://www.mceades.com
Fannie Mae and Freddie Mac must be liquidated. Government caused the problem. Throwing tax dollars down the toilet fixes othing.
This plan will destroy what is left of our economy.
We need a totally different long term plan to cure our totally messed up economy.
Mitsubishi UFJ Financial Group (MUFG) said in a statement on Monday it would buy 10-20 percent of the common stock of Morgan Stanley. It said it would decide on the amount it would pay after carrying out due diligence.
Buying 20 percent of Morgan Stanley would cost MUFG about $6 billion based on its total market value of $30 billion.
Morgan Stanley has chnaged into a commercial bank so that it is eligible for greater financial aid, ie more taxpayer bailouts from Paulson, and Japan wants part of the bailout.
Morgan Stanley has been under pressure to raise capital amid a sharp fall in its share price.
What international banking conspiracy?
In the final destruction of all the wonderful laws passed by a thoughtful Congress and Franklin Delano Roosevelt to protect the American people from the excesses and corruption that caused the Great Depression, your totally incompetent governmenthas taken the final steps to maximize the corruption of our financial system. The last two major independent investment banking/ stock brokerage houses have now officially become commercial banks. Don’t believe me? See:
http://federalreserve.gov/newsevents/press/bcreg/20080921a.htm
My parents told me about the abuses of the Great Depression and how the stock brokers owned by the commercial banks robbed people of their life savings by having people buy stocks in failing companies, and that money was then used to pay back the bad loans to the bank that owned the stockbrokers.
Bush is destroying our nation.
Then others appeared â�" people who had lost their jobs to the ailing economy, or newcomers who had moved to Reno for work and discovered no one was hiring.
Within weeks, more than 150 people were living in tents big and small, barely a foot apart in a patch of dirt slated to be a parking lot for a campus of shelters Reno is building for its homeless population. Like many other cities, Reno has found itself with a "tent city" â�" an encampment of people who had nowhere else to go.
From Seattle to Athens, Ga., homeless advocacy groups and city agencies are reporting the most visible rise in homeless encampments in a generation.
Nearly 61 percent of local and state homeless coalitions say they've experienced a rise in homelessness since the foreclosure crisis began in 2007, according to a report by the National Coalition for the Homeless. The group says the problem has worsened since the report's release in April, with foreclosures mounting, gas and food prices rising and the job market tightening.
http://blog.franklynch.org/ or see comment for clickable link
They will come up with some goofy plan for Fannie and Freddie that will leave serious invesstors wondering how it will affect the stock price
But the insiders will know beforehand and get rich ahead of us.
They should stop trading the stock and have a true takeover just like with the banks where the stock is wiped out forever
But the Wall Street insiders will get rich and you and I will probably pay $10,000 per person in taxes for the bailout
I want to hear barack saying we will not bail out the insiders
A few days ago I criticized the Repub for defrauding investors for permiting trading in the stocks of Fannie mae and Freddie Mac.
http://www.democrats.org/page/community/post/franklynch/CxMV
Today its was announced that 9 percent of mortgages are late or delinquent. Astoundingly, One of eleven mortgages are bad.
When those people become homeless, things will get much worse.
The cost to the economy and to us taxpayers for all the bank bailouts that will follow will place the US on the verge of bankruptcy.
Homeprices are going to continue to decline, which means more mortgages will be upsidedown (where the mortgage is larger than the home value). That will result in even more people walking away from their mortages, and HOME PRICES WILL DECLINE EVEN FURTHER
for years. . . .
and revene from property taxes will continue to decline, robbing our already short-changed schools of much needed revenue, so our children will pay the price of government lack of regulation
I am not duplicating his excellent article, but making a major correction. As shocking as his article is, and with great respect to Mr. Brooks, he understates the problem.
He uses the example of the year 1967 for his computations that the dollar has lost 80 percent of its value in forty years, compared, among other things to the price of gold.
I beg to argue that the two most relevant benchmarks are the price of oil, and the median homeprice, since those two items determine the price of almost everything else we spend our money on.
In 1967 a barrel of oil was $2.90 a barrel. Today, Sept. 2, 2008 oil closed at a five year low of $105, which indicates a loss of 97 percent in the value of a dollar.
National figures on median home prices are subject to manipulation, so I will use my home.
My home was built in 1967, coincidentally the same base year used as a base by Mr. Brooks.
The current market value of my home indicates a 92 percent loss in the value of the dollar. People are mistaken when they think they have made money when a homeprice goes up. What you are really seeing is inflation: it takes more dollars to buy the same thing.
In the 39 or 40 years since 1967, Republicans have controlled the White House most of the time, but there is plenty of blame to go around for both parties.
What this really means is that our government has stolen 92 to 97 percent of the life savings that people had in 1967.
And every year they are stealing more of our life savings. Greenspan is a traitor who belongs in jail, because the statutory job of the Federal Reserve is to preserve a sound dollar.
Greenspan only missed the mark by 95 percent.
We need CHANGE
In case I did not state it clearly, WE NEED CHANGE
Do not underestimate the Republicans. They will try very hard to find a way to use this to generate sympathy for Palin as defending the health and safety of her poor little sister.
It is much safer for us to attack on the issues, and attack McCain.
Palin is a false target the Republicans set up to distract us.
It is entirely possible that the only reason they chose her is purely as a way to distract us.
And it is working. She is all we talk about.
It is as though Barack disappeared from the face of the earth.
Get the focus on our strength: BARACK
Attack where we have the most strength: on the issues of universal healthcare, free college, extending education, plug-in cars etc
Always attack from strength (our superior issues) instead of attacking a woman who can claim she is defending her family, thereby creating resentment of us.
McCain/Bush and the issues are our strength, use them and forget the distraction.
Yesterday, watching those poor people lining up for buses to yet again flee a hurricane, my heart broke.
With all our riches how can there still be people in America who are so obviously so impoverished and helpless?
Unfortunately, it is because our system of education is broken, failed, shameful.
How can any politician believe that property taxes from impoverished areas can pay for world class schools and world class teachers?
A factor in our broken system of education is that first, teachers are underpaid so that schools for teachers "sometimes" fail to attract the most talented people.
Second, the curricula are not teaching prospective teachers how to really teach.
I want every teacher in America to receive the same starting pay as computer programmers and engineeers.
I want better curicula for preparing teachers.
And I want 3,000,000 more, high paid, talented, dedicated teachers who are fully prepared to teach THE LOVE OF medicine, bioscience, math and engineering, starting in the first grade.
Let us all work for an America where everey child has absolutely equal and excellent education, so that in the future no American is so unprepared for life that they end up helplessly standing in line for buses to flee for their lives.
Please donate, tax deductible, to these goals at http://www.fluni.com
I cannot think of anything more consistent with the core values of our Democratic Party.
This vignette touched my heart, because it has such relevant symbolism.
In the clips last night, Michelle Obama spoke of finally giving in to Barack's request for a date. She had been refusing his advances because she was very proper in the top law firm of Sidley & Austin, where she was a full fledged attorney and Barack was just a summer intern. Barack surprised Michelle when he took her, not to a fancy restaurant, but to a church basement where he gave a speech to steelworkers who were laid off when the local steel mill closed.
Michelle said Barack riveted everyone in the basement with a magnificent speech about how America actually was, and how America should be.
The clip showed a picture of the burly white steelworkers raptly listening to the young African American orator, demonstrating that the races were cooperating even back then.
I grew up in the same neighborhood as Michelle Robinson Obama, actually in between her house and Rev. Wright's church. I personally knew many of the steelworkers who forever lost high paying jobs to the slave labor wages of Indian and Chinese steelmills, and feel quite strongly about fair trade instead of free trade.
Those hard working men never, ever got jobs with pay remotely near what they earned in the mill, for very hard work.
Micehlle felt the same thing I did, and said that speech in the church basement made it all over, the end! She was in love with Barack.
A symbolic lesson for us all, united.
Democtratic party and uplift the issues of our candidates, my heart burst with pride as I watched our great Democratic Party make history as the first major party to nominate an African American for President of the United States of America.
On the Fourth of July, 2007, I signed the papers to register as a Democrat and abandoned my life long membership in the Republican Party. What a great day!
May God Bless America, and God Bless our Democratic Party!
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