Obama ran against Bush, but now governs like himRead the rest of the article here
By Steven Thomma - McClatchy Newspapers
WASHINGTON — He ran as the anti-Bush.
Silver-tongued, not tongue-tied. A team player on the world stage, not a lone cowboy. A man who'd put a stop to reckless Bush policies at home and abroad. In short, Barack Obama represented Change.
Well, that was then. Now, on one major policy after another, President Barack Obama seems to be morphing into George W. Bush.
On the nation's finances, the man who once ripped Bush as a failed leader for seeking to raise the nation's debt ceiling now wants to do it himself.
On terrorism, he criticized Bush for sending suspected terrorists to Guantanamo Bay, Cuba, and denying them access to U.S. civilian courts. Now he says he'll do the same.
On taxes, he called the Bush-era tax cuts for the wealthy wrong, and lately began calling again to end them. But in December he signed a deal with Republicans to extend them for two years, and recently he called the entire tax cut package good for the country.
I wish to thank those of you who come to this site even though I have been absent for quite some time. This site has a very important purpose. There is much to say and much to hear from all of you.
For those of you who might be wondering about m;y health, I am happy to report that I have fully recovered and am healthier and stronger then I have been in over 20 years. My health was not my reason for my absence. I just needed some time away and appreciate your understanding. I will, however, be back right after the New Year.
Please contact me at email@example.com of you would like to participate. There is a lot happening and -
"Together We Can and Must Make A Difference".Many of you have important messages and information the public needs to see. This can be your forum too. Email them to: info@GS666.org or volunteer to post to: firstname.lastname@example.org.
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To Larry: Larry@GoldmanSachs666.com
April 19, 2011
January 24, 2011
The Most Business-Friendly President Ever?
by MIKE WHITNEY - CounterPunch
On Tuesday, Barack Obama made the case for easing regulations in an op-ed in the Wall Street Journal. The article, titled "Toward a 21st-Century Regulatory System", was accompanied by a caricature of a scissor-wielding businessman slashing-away at red tape, a symbol that is revered among anti-regulation zealots. In the opening paragraph, the president praises free market capitalism ("the greatest force for prosperity the world has ever known") and Wall Street ("vibrant entrepreneurialism is the key to our continued global leadership") while taking aim at the "burdensome" restrictions that prevent speculators from maximizing profits. Even by the administration's abysmal standards, the article is a new low, which is why the WSJ editors mockingly critiqued Obama's op-ed as "one of the greatest policy walkbacks in American history". Here's a clip from the text:
"Sometimes, those rules have gotten out of balance, placing unreasonable burdens on business—burdens that have stifled innovation and have had a chilling effect on growth and jobs......Over the past two years, the goal of my administration has been to strike the right balance. And today, I am signing an executive order that makes clear that this is the operating principle of our government.
This order requires that federal agencies ensure that regulations protect our safety, health and environment while promoting economic growth. And it orders a government-wide review of the rules already on the books to remove outdated regulations that stifle job creation and make our economy less competitive. It's a review that will help bring order to regulations that have become a patchwork of overlapping rules, the result of tinkering by administrations and legislators of both parties and the influence of special interests in Washington over decades."
The tone of the article strongly suggests that it wasn't deregulation that triggered the financial meltdown, but all those pesky rules that inhibit innovation and growth. This is pure revisionism and Obama knows it. But he also knows who he is talking to when he takes a spot on Murdoch's editorial page; rabid right-wingers who think business can do no wrong. That's why Obama skips the liberal blather altogether and reiterates themes that read like the daily printout of GOP bullet-points. Here's how the WSJ's economics editor David Wessel summed it up:
"Mr. Obama told agencies to scour the books for obsolete rules.....Within 120 days, each agency is to devise "a preliminary plan...to periodically review its existing significant regulations" to see which should be "modified, streamlined, expanded, or repealed."
So now the onus falls on the agencies to "prove" that businesses are not in compliance. That will make it harder to stop bad behavior or to penalize offenders. Obama's remedy will also extend compliance dates, offer more exemptions, and force regulators to make their judgments on stricter cost-benefit analysis. It's just one roadblock after another. The net result will be fewer rules, more pollution, a more dangerous working place, more financial fraud, and a general watering down existing regulations. No wonder the Journal's editors are so elated over Obama's transformation. He's abandoned any pretense of serving the public's interest.
Read the full article here
January 4, 2011
My position wasjust the opposite. The real and published unemployment rate is still as high and housing prices are still falling. Not so says my friend. Where I am, he says, real estate values have leveled, there is an increase in spending and there seems to be a recovery.
Well, that may be so where you are (West Palm Beach, Florida) but it is not the case just south of you in the greater Ft. Lauderdale and Miami areas. It is certainly not the case up here in Tampa Bay where unemployment is well over 12% and real estate values in many areas have declined well over 50% with no leveling in sight.
However, my friend did concede that nationwide, real estate values would not level until the job market improves and unemployment decreases. Exactly said I, that is what I have been saying all along. We can't have any kind of real recovery until the housing market improves, foreclosures decrease substantially and the unemployment - and underemployment - situation decreases substantially.
We have, I fear, a second economic disaster looming in the "cloud" (yes, I am not sure what a "cloud" is either but it is used daily in the IT world as a place where stuff is stored...I think).
Yes, a second wave (like in a tsunami) of financial disturbances for the average person in this country and more good deals and profits for our large (too big to exist) corporations.
Of course, all of the conversation I had with my friend was only my opinion and who am I in terms of expertise on the subject (I am just one small victim of the Great Recession which in reality was and still is a Depression). As a famous political science comedian always says after his rant..."I could be wrong".
However, someone at the New York Times feels much the way I do and the New York Times itself feels it newsworthy to publish this opinion.
When people say that the recovery does not feel like a recovery, they are describing reality. The economy is growing, but for many Americans life is not getting better. Unemployment remains high. Home values are depressed. And state budgets are in deep trouble, presaging more layoffs, service cuts and tax increases.The Times editorial echoes much of my conversation with my friend which also echoes much of my opinion - if not all of it.
So, my friend (I hope you still follow my blogs), do you really think things (the economy and people's lives) are going to be better in 2011? To view another opinion please read The Economy in 2011 in the New York Times on line...click here.
One last word of advice to those of you who represent us in the House of Representatives and the Senate (notice that the House is the House of REPRESENTATIVES). Begin your new term by truly representing the people not your own agendas be they Democrat or Republican. Leave your personal agendas and partisan politics at the front steps of the building you work in 9you know, the one with the large dome on top). This is no time to commit yourselves to defeating the other party at all costs. All Costs - in this case - means all the people of this country, especially those in the middle and lower classes you commonly refer to as the 'MAJORITY".
Of course this is just my opinion again. I could be wrong.
November 18, 2010
November 15, 2010
New York State Foreclsoures Grind To A Halt...Barack Obams, It's Time For Your Attorney General To Act On Behalf of Americans
This action speaks loudly and should speak loudly to Chief Justices in all 50 states. The banks and their lawyers have been and are still committing fraud which last I saw is against the law. Even the Bar Associations of every state seems to condone this fraud as they themselves – as the watchdog over lawyers – do nothing given all the evidence that has been made public.