plainoldme
 
  1  
Wed 5 May, 2010 08:41 pm
@Diest TKO,
I have the feeling that were Barack Obama named Barnie O'Brien and were he a red-headed son of Erin that okie and ican would still hate him for being a Democrat but their hatred would not be as vehement.
okie
 
  -3  
Wed 5 May, 2010 09:34 pm
@plainoldme,
I get the feeling that you are a racist, pom, otherwise you would not post such assinine stuff here.
Below viewing threshold (view)
ican711nm
 
  -1  
Thu 6 May, 2010 12:26 pm
Here is more evidence that the Odem (i.e., Obamademocrats) are lying thieving gangsters working to reduce our Liberty, our Constitutional Government, and our Capitalist Economy. We shall lawfully remove the Odem from our federal government.
WSJ, page A18, Thursday, May 6, 2010, wrote:

REVIEW & OUTLOOK

A Fannie Mae Political Reckoning

Democrats fear a Senate measure to reform the failed mortgage giants.

One sign that the White House financial reform is less potent than its advertising claims is that it doesn’t even attempt to reform the two companies at the heart of the housing panic, Fannie Mae and Freddie Mac. So we’re glad to see that yesterday GOP Senators John McCain, Richard Shelby, and Judd Gregg introduced a FAN and Fed reform amendment that will let Democrats show if they are serious about reducing reckless lending and taxpayer risk.

The Financial Crisis Inquiry Commission spent yesterday focusing on “financial leverage,” using Bear Stearns as an example. But Fannie and Freddie were twice as leveraged as Bear, and much larger as a share of the mortgage market. Fan and Fred owned or guaranteed $5 trillion in mortgages and mortgage-backed securities when they collapsed in September 2008. Reforming the financial system without fixing Fannie and Freddie is like declaring war on terror and ignoring al-Qaeda.

Unreformed, they are sure to kill taxpayers again. Only yesterday, Freddie lost $8 billion in the first quarter, requested another $10.6 billion from Uncle Sam, and warned that it would need more in the future. This comes on top of the $126.9 billion that Fan and Fred had already lost through the end of 2009. The duo are by far the biggest losers of the entire financial panic"bigger than AIG, Citigroup and the rest.

From the 2008 meltdown through 2020, the toxic twins will cost taxpayers close to $380 billion, according to the Congressional Budget Office’s cautious estimate. The Obama Administration won’t even put the companies on budget for fear of the budget impact, but it realizes the problem because last Christmas Eve it raised the $400 billion cap on their potential taxpayer losses to … infinity.

Moreover, these taxpayer losses understate the financial destruction wrought by Fan and Fred. By concealing how much they were gambling on risky subprime and Alt-A mortgages, the companies sent bogus signals on the size of these markets and distorted decision-making throughout the system. Their implicit government guarantee also let them sell mortgage-backed securities around the world, attracting capital to U.S. housing and thus turbocharging the mania.

The virtue of McCain’s amendment is that it will give Senators a chance to vote on the kind of reform that Congress blocked for so long, notably with Senator Barack Obama helping the blockade. The amendment mandates that current government conservatorship of Fan and Fred will end within 30 months. In the meantime, the companies will have to reduce their mortgage portfolios by 10% each year. If the terrible twosome can’t stand on their own after conservatorship, they would then go into receivership and be liquidated.

If they can survive on their own, they would have three years before the expiration of the federal charters, during which time they would have new operating restrictions. Messrs. McCain, Shelby and Gregg would repeal the affordable housing goals previously legislated for Fan and Fred and which contributed to their terrible mortgage bets, and the companies would have to reduce the mortgage assets held on their books by nearly 50% within two years and raise their capital standards.

Fannie and Freddie would also have to start paying state and local sales taxes, lose their exemptions from full registration at the Securities and Exchange Commission when they issue securities, and start paying fees to repay the taxpayer for the value of federal guarantees. The $400 billion limit on taxpayer assistance would be reinstated, and for as long as they are in federal conservatorship or receivership, they would have to be included in the federal budget.

In short, the McCain amendment precisely targets the problems that caused the mortgage crisis. If the housing giants are no longer subsidized, they will become small enough to fail. That means they will stop lending money to people who cannot afford to pay them back, and in turn they will stop endangering taxpayers.

This is a genuine anti-bailout vote, and you would think Democrats would be more than happy to go along given these claims that they want to stop bailouts. Yet Republicans aren’t even sure the majority Leader Harry Reid will allow a vote on the McCain measure lest Democrats get pressure from the White House to oppose it. They would then reveal that their reform is less about reducing risk than about giving the political class more control over the financial status quo.

0 Replies
 
ican711nm
 
  -3  
Thu 6 May, 2010 12:55 pm
@H2O MAN,
H2O Man, thanks for the link: "Failure-in-Chief." I decided to cut and past its first paragraph.
Quote:

http://www.humanevents.com/article.php?id=36832
The controversies over the Arizona immigration plan and the Obama Administration’s response to the oil spill in the Gulf may not seem related, but they have a key common characteristic: both originate in the failure of Washington.


dyslexia
 
  4  
Thu 6 May, 2010 12:56 pm
@ican711nm,
Quote:
I decided to cut and past
how unusual,
ican711nm
 
  -3  
Thu 6 May, 2010 01:00 pm
Quote:

Mr. Leonard Pitts Jr., The Miami Herald Columnist, email: [email protected],

Just wanted to let you know that I have cancelled my subscription to the local newspaper because of you. Specifically, because of your column: "How Race Has Played a Pivotal Role in the Rise of the Tea Party Movement," April 23, 2010.

I am a Tea Partyer, I am neither White nor native born. I am just proud to be an American. I love this country, precisely because of its law abiding, tax paying, patriotic, and God loving people - in short - the Tea Party type people.

It is a shame that I have to state that I am NOT WHITE, in order to speak-up. You and your "America is Evil" Race Card Peddler friends have succeeded in "profiling" and "playing" the kind-hearted American White people.

Your game is obvious. African-Americans are the only ones get to make the rules, and no one else can win; whatever they say, you can always label them as "Racists." You are the Users & Bullies of this country.

Mr. Pitts, since you are so energetic in working for the African-American causes, why don't you fight the Democratic Party, which has rendered the African-American people helpless and has completely broken down your family structure? Are you not worried about the 70% unwed Welfare African-American mothers? What about the high HIV / STD rates among the African-Americans? The Democrat Party has now enslaved you.

Do you really care about the African-American people? Or, it is just your job to keep Crying Racism and continue to divide this country?

Mr. Pitts, for your information, you are targeting and decimating the only people on earth, who actually care - the American Loving / Giving / Sharing White people. Do you think immigrants from Mexico, Argentina, India, China, Middle East, Russia, Eastern Europe...., people who had gone through hundreds / thousands of years of bloodshed & wars would really care about your little game?

Maybe that is why President Obama and Van Jones are trying desperately to move over to the Green movement.

Don't you know the new Game in town? Mr. Pitts? There is a lot more money (like 10 trillion dollars a year !!), power, and control over there in the Enron type scam - The Green Movement. http://www.youtube.com/watch?v=tX_-CJ5qmf4

0 Replies
 
H2O MAN
 
  -2  
Thu 6 May, 2010 01:09 pm
@ican711nm,
ican711nm wrote:

H2O Man, thanks for the link: "Failure-in-Chief." I decided to cut and past its first paragraph.
Quote:

http://www.humanevents.com/article.php?id=36832
The controversies over the Arizona immigration plan and the Obama Administration’s response to the oil spill in the Gulf may not seem related, but they have a key common characteristic: both originate in the failure of Washington.





Cool
0 Replies
 
parados
 
  2  
Thu 6 May, 2010 01:16 pm
@ican711nm,
You didn't bother to look at the documents did you ican?

The FBI investigated and found no evidence that ACORN was involved in the fraudulent voter registration. Rather it was employees that were turning in fake cards which ACORN was required by law to turn into the county.

From the FBI investigation of some of the people involved.

"----- stated she knew she was doing something wrong when she filled out the false cards and felt that if ACORN knew she would be in trouble."

0 Replies
 
realjohnboy
 
  2  
Thu 6 May, 2010 03:54 pm
If any of yall are interested, today is election day in the UK. Polls closed about an hour ago.
The thread on A2K is "UK Election Set For May 6th!"
Msolga posted a link to the Guardian's live coverage.
0 Replies
 
plainoldme
 
  0  
Thu 6 May, 2010 07:28 pm
@okie,
Sorry that my posts are over your head.
plainoldme
 
  0  
Thu 6 May, 2010 07:29 pm
@dyslexia,
They yell at me when I cut and paste. Can't you write what you think, the righties ask.

When I write what I think, they insult me.
0 Replies
 
okie
 
  0  
Thu 6 May, 2010 09:05 pm
@plainoldme,
plainoldme wrote:

Sorry that my posts are over your head.

Your posts are over your own head. Most of them are pointless, without evidence, and frankly insulting to decent people.
plainoldme
 
  0  
Thu 6 May, 2010 09:23 pm
Sozobe -- Do you still follow this thread? Is it the longest in terms of contributions here?
0 Replies
 
Finn dAbuzz
 
  -1  
Fri 7 May, 2010 04:54 pm
@okie,
Okie

POM is simply the latest in a long line of belligerent liberal women who come to these forums to curry favor with less aggressive libs by taking on the rightie bastards like me and you.

There's probably a Freudian analysis waiting to be done on POM, but let's simply assume she's a zealot.

Based on existing trends, she'll be gone in a couple of months.

Or reborn...

Hey wait, maybe that long line is really one person---once known as Magginkat.
plainoldme
 
  1  
Fri 7 May, 2010 08:52 pm
@Finn dAbuzz,
The use of multiple identities is a typical right wing thing. I have been around here for year and on abuzz before that.
0 Replies
 
ican711nm
 
  -1  
Sat 8 May, 2010 09:10 am
Here is more evidence that the Odem (i.e., Obamademocrats) are lying thieving gangsters working to reduce our Liberty, our Constitutional Government, and our Capitalist Economy. We shall lawfully remove the Odem from our federal government.
Quote:

http://www.liberalwhoppers.com/2010/04/27/hhs-buries-numbers-hhs-secretary-kathleen-sebelius-had-report-showing-obamacare-would-increase-insurance-costs-a-week-before-obamacare-vote/

HHS Buries numbers " HHS Secretary Kathleen Sebelius had report showing Obamacare would increase insurance costs a week before final votes

It’s now being reported that prior to the final Congressional votes on Obamacare, Health and Human Services Secretary Kathleen Sebelius buried a report detailing the devastating affects that Obamacare would have.

The American Spectator reports that Health and Human Services Secretary Kathleen Sebelius was given the analysis by the Medicare actuary, which showed that Obamacare would have many negative side effects. Sebelius refused to review, and as a result publicize, the report, claiming she didn’t want to influence the vote. By not wanting to influence the vote, she meant she didn’t want to do anything to hurt the chances of Obamacare passing, even if that meant burying facts that Congress and the public should have had BEFORE the final votes were taken.

The economic report released last week by Health and Human Services, which indicated that President Barack Obama’s health care “reform” law would actually increase the cost of health care and impose higher costs on consumers, had been submitted to the office of HHS Secretary Kathleen Sebelius more than a week before the Congressional votes on the bill, according to career HHS sources, who added that Sebelius’s staff refused to review the document before the vote was taken.

Grace-Marie Turner of National Review Online summarizes the report that Sebelius buried until after the Obamacare vote:

Quote:
But looking at the details of Foster’s report shows the many, many danger signs for Obamacare and how many of its promises will be broken:

1. People losing coverage: About 14 million people will lose their employer coverage by 2019, as smaller employers terminate their plans and workers who currently have employer coverage enroll in Medicaid. Half of all seniors on Medicare Advantage could lose their coverage and the extra benefits the plans offer.

2. Huge fines for companies: Businesses will pay $87 billion in penalties in the first five years after the fines trigger in 2014, partly because they can’t afford to offer expensive, government-mandated coverage and partly because some of their employees will apply for taxpayer-subsidized insurance.

3. Higher costs for consumers: Tens of billions of dollars in new fees and excise taxes will be “passed through to health consumers in the form of higher drug and devices prices and higher premiums,” according to Foster. A separate report shows small businesses will be hit hardest.

4. A program created to fail: The new “CLASS Act” long-term-care insurance program will face “a significant risk of failure,” according to Foster. Indeed, he finds, “there is a very serious risk that the problem of adverse selection will make the CLASS program unsustainable.”

5. Spending increases: Under the new law, national health spending will increase by $311 billion over the coming decade. And instead of bending the federal spending curve down, it will move it upward “by a net total of $251 billion” over the next decade.

6. “Free-riders”: An estimated 23 million people will remain uninsured in 2019, roughly 5 million of whom would be undocumented aliens; the remainder would be the 18 million who decline to get coverage and who will pay the penalty.

7. Spending reductions are fiction: Estimated reductions in the growth rate of health spending “may not be fully achievable” because “Medicare productivity adjustments could become unsustainable even within the next ten years, and over time the reductions in the scope of employer-sponsored health insurance could also become an issue.”

8. You can’t keep your doctor: Fifteen percent of all hospitals, nursing homes, and other providers treating Medicare patients could be operating at a loss by 2019, which will “possibly jeopardize access to care for beneficiaries.” Doctors are threatening to drop out of Medicare because cuts in Medicare reimbursement rates mean they can’t even cover their costs.

9. Coverage but no care: A significant portion of those newly eligible for Medicaid will have trouble finding physicians who will see them, and the increased demand for Medicaid services could be difficult to meet.

This is an objective report by administration actuaries that shows this sweeping legislation has serious, serious problems.

And there’s more: Joint Economic Committee Republicans explain in a new report the impact of a rarely mentioned $14.3 billion per year tax on health insurance, effective in 2014. They find this tax will be mostly passed through to consumers in the form of higher premiums for private coverage. It will cost the typical family of four with job-based coverage an additional $1,000 a year in higher premiums and will fall largely, and inequitably, on small businesses and their employees.

Whether you are for or against Obamacare and a move towards nationalized health care, it is hard to defend burying a report by the Medicare’s office of the actuary that detailed the negative impacts that passing Obamacare would cause. Anyone that watched the votes on C-SPAN or simply watched President Obama’s sales pitches leading up to the votes would know that the picture that Democrats painted was far different than what the Medicare actuary and the CBO stated. Obama and Congressional Demorats painted a picture of reduced costs, increased coverage, deficit reduction and so much more.

There is also a report that the White House Legislative Affairs office received a copy of the report prior to the Congressional vote. Ed Morrissey of Hot Air discusses this:

If the Obama administration had this information before the vote " and it should be noted that this comes from a single, anonymous source " then it deliberately misled Congress on the cost estimates. That may not be a crime, but it’s highly unethical at the least, and makes Barack Obama’s claims to operate with transparency absolutely laughable, if true. As the Prowler’s source points out, the entire reason CMS provided an analysis was to ensure that everyone knew the ramifications of passing this legislation. Deliberately withholding it would have stripped Congress of that transparency, if that’s indeed what happened.

The CBO, once you dug into the numbers, clearly showed that Obamacare would not reduce the deficit, but instead massively increase it. The CBO report stated that premiums would rise faster under Obamacare than if no legislation was passed. The HHS report, once Sebelius stopped burying it, showed the same, an increase in costs, and millions losing their coverage or being unable to find physicians willing to treat them.

Are the lies and Chicago style politics ‘really’ the change that American’s voted for in November of 2008?
0 Replies
 
H2O MAN
 
  -3  
Mon 10 May, 2010 07:26 am
Who is this guy?

http://www.foxnews.com/images/root_images/051010_Kagan2TXT_20100510_083718.jpg
plainoldme
 
  0  
Mon 10 May, 2010 07:47 am
I am beginning to wonder if there is such a thing as either

1.) a right-winger who exhibits taste,

or,

2.) a right-winger who is an adult.
hawkeye10
 
  -1  
Mon 10 May, 2010 08:36 am
@plainoldme,
Lacking respect for those who don't agree with you.......how so very liberal of you....
 

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