Showing posts with label thoughts. Show all posts
Showing posts with label thoughts. Show all posts
Saturday, May 21, 2011
Sunday, May 15, 2011
Number of Fannie Mae and Freddie Mac Loans
There are 38 million loans worth $5.3 billion Fannie Mae and Freddie Mac loans in the U. S.
Sunday, April 24, 2011
Barack Obama: The new 'W'
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 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.
And on war, as a candidate he said that the president didn't have authority to unilaterally attack a country that didn't pose an imminent threat to the U.S., and even then the president should always seek the informed consent of Congress. Last month, without a vote in Congress, he attacked Libya, which didn't threaten the U.S.
Big differences remain between Obama and Bush, to be sure. His two nominees to the Supreme Court differ vastly from Bush's picks. Obama does want to end the tax cuts for the wealthy. He also pushed through a massive overhaul of the nation's health-insurance system.
Yet even on health insurance, his stand wasn't so much a reversal of Bush's approach as an escalation. Bush also pushed through a massive expansion of Medicare by adding a costly prescription-drug benefit - at the time, the biggest expansion of a federal entitlement since Lyndon Johnson's Great Society. Indeed, some of the differences between the two presidents are measured in gray, not black and white as once seemed the case.
Some of the changes in Obama can be attributed to the passion of campaign rhetoric giving way to the realities of governing, analysts say.
"He has discovered that it's much easier to make promises on the campaign trail than it is to keep them as president," said Dan Schnur, the director of the Jesse M. Unruh Institute of Politics at the University of Southern California.
At the same time, some of the surprising continuity of Bush-era policies can be tied to the way Bush and events set the nation's course, particularly on foreign policy.
For example, Obama found he couldn't easily close the prison at Guantanamo Bay because he couldn't find a place, abroad or at home, willing to take all the terrorist suspects held there.
Among the ways Obama has reversed his earlier promises and adopted, extended or echoed Bush policies:
Debt
In 2006, Bush had cut taxes, gone to war and expanded Medicare, and increased the national debt from $5.6 trillion to $8.2 trillion. He needed approval from Congress to raise the ceiling for debt to $9 trillion.
The Senate approved the increase by a narrow vote of 52-48.
Sen. Barack Obama, D-Ill., voted no.
"Increasing America's debt weakens us domestically and internationally," Obama said in 2006. "Leadership means that the buck stops here. Instead, Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren. America has a debt problem and a failure of leadership."
Now, Obama's on the other side. He's increased the national debt to $14 trillion, and he needs Congress to approve more debt. Moreover, Obama's aides now say that congressional meddling to use that needed vote to wrangle budget concessions from the White House would be inappropriate and risk financial Armageddon.
What about Obama's own vote against the president in a similar situation? A mistake, the White House said.
Taxes
As a senator and presidential candidate, Obama opposed extending the Bush tax cuts on household incomes greater than $250,000 a year past their expiration on Dec. 31, 2009.
In 2007, he said he was for "rolling back the Bush tax cuts on the top 1 percent of people, who don't need it." In a 2008 ad, he said, "Instead of extending the Bush tax cuts for the wealthiest, I'll focus on you."
As president, Obama proposed letting those tax cuts expire as scheduled, while also proposing to make permanent the Bush tax cuts for incomes of less than $250,000 for a household and $200,000 for an individual.
But he didn't get Congress to approve that. When the issue came to a head last December, Republicans insisted on extending all of the tax cuts or none, and Obama went along lest the tax cuts on incomes below $250,000 expire even briefly. His final deal with Congress also added a one-year cut in the payroll tax for Medicare and Social Security.
"What all of us care about is growing the American economy and creating jobs for the American people," Obama said. "Taken as a whole, that's what this package of tax relief is going to do. It's a good deal for the American people."
He said again recently that he wants to let the Bush tax cuts for the wealthy expire, this time on Dec. 31, 2012.
Terrorists
As a presidential candidate, Obama vowed a broad reversal of Bush's policies toward suspected terrorists.
Most pointedly, he said he'd close the prison in Cuba and try suspected terrorists in civilian courts, not in military tribunals.
Last month, he changed course, saying he'd keep Guantanamo Bay open and would try accused Sept. 11 mastermind Khalid Sheikh Mohammed before a military court.
The reversal, said Rep. Peter King, R-N.Y., the chairman of the House Committee on Homeland Security, "is yet another vindication of President Bush's detention policies by the Obama administration."
Echoing Bush, Obama has also asserted that he has the power to hold suspected terrorists without charges or trial and that he has the power to kill U.S. citizens abroad if his government considers them a terrorist threat.
War powers
During his campaign, Obama signaled that he'd be far more circumspect than Bush was in using military power. He did say he'd send more troops to Afghanistan, which he's done, and that he'd attack al-Qaida terrorists in Pakistan, which he's also done.
But he opposed the Iraq war from the start and said he didn't think the president should wage war for humanitarian purposes or act without congressional approval, absent an imminent threat to the U.S.
"The president does not have power under the Constitution to unilaterally authorize a military attack in a situation that does not involve stopping an actual or imminent threat to the nation," he told the Boston Globe in 2007.
"In instances of self-defense, the president would be within his constitutional authority to act before advising Congress or seeking its consent. History has shown us time and again, however, that military action is most successful when it is authorized and supported by the legislative branch. It is always preferable to have the informed consent of Congress prior to any military action."
On March 19, the U.S. attacked Libya on humanitarian grounds, absent any threat to the U.S. and without approval from Congress.
by Steven Thomma - Apr. 23, 2011 05:28 PM
Barack Obama: The new 'W'
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.
And on war, as a candidate he said that the president didn't have authority to unilaterally attack a country that didn't pose an imminent threat to the U.S., and even then the president should always seek the informed consent of Congress. Last month, without a vote in Congress, he attacked Libya, which didn't threaten the U.S.
Big differences remain between Obama and Bush, to be sure. His two nominees to the Supreme Court differ vastly from Bush's picks. Obama does want to end the tax cuts for the wealthy. He also pushed through a massive overhaul of the nation's health-insurance system.
Yet even on health insurance, his stand wasn't so much a reversal of Bush's approach as an escalation. Bush also pushed through a massive expansion of Medicare by adding a costly prescription-drug benefit - at the time, the biggest expansion of a federal entitlement since Lyndon Johnson's Great Society. Indeed, some of the differences between the two presidents are measured in gray, not black and white as once seemed the case.
Some of the changes in Obama can be attributed to the passion of campaign rhetoric giving way to the realities of governing, analysts say.
"He has discovered that it's much easier to make promises on the campaign trail than it is to keep them as president," said Dan Schnur, the director of the Jesse M. Unruh Institute of Politics at the University of Southern California.
At the same time, some of the surprising continuity of Bush-era policies can be tied to the way Bush and events set the nation's course, particularly on foreign policy.
For example, Obama found he couldn't easily close the prison at Guantanamo Bay because he couldn't find a place, abroad or at home, willing to take all the terrorist suspects held there.
Among the ways Obama has reversed his earlier promises and adopted, extended or echoed Bush policies:
Debt
In 2006, Bush had cut taxes, gone to war and expanded Medicare, and increased the national debt from $5.6 trillion to $8.2 trillion. He needed approval from Congress to raise the ceiling for debt to $9 trillion.
The Senate approved the increase by a narrow vote of 52-48.
Sen. Barack Obama, D-Ill., voted no.
"Increasing America's debt weakens us domestically and internationally," Obama said in 2006. "Leadership means that the buck stops here. Instead, Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren. America has a debt problem and a failure of leadership."
Now, Obama's on the other side. He's increased the national debt to $14 trillion, and he needs Congress to approve more debt. Moreover, Obama's aides now say that congressional meddling to use that needed vote to wrangle budget concessions from the White House would be inappropriate and risk financial Armageddon.
What about Obama's own vote against the president in a similar situation? A mistake, the White House said.
Taxes
As a senator and presidential candidate, Obama opposed extending the Bush tax cuts on household incomes greater than $250,000 a year past their expiration on Dec. 31, 2009.
In 2007, he said he was for "rolling back the Bush tax cuts on the top 1 percent of people, who don't need it." In a 2008 ad, he said, "Instead of extending the Bush tax cuts for the wealthiest, I'll focus on you."
As president, Obama proposed letting those tax cuts expire as scheduled, while also proposing to make permanent the Bush tax cuts for incomes of less than $250,000 for a household and $200,000 for an individual.
But he didn't get Congress to approve that. When the issue came to a head last December, Republicans insisted on extending all of the tax cuts or none, and Obama went along lest the tax cuts on incomes below $250,000 expire even briefly. His final deal with Congress also added a one-year cut in the payroll tax for Medicare and Social Security.
"What all of us care about is growing the American economy and creating jobs for the American people," Obama said. "Taken as a whole, that's what this package of tax relief is going to do. It's a good deal for the American people."
He said again recently that he wants to let the Bush tax cuts for the wealthy expire, this time on Dec. 31, 2012.
Terrorists
As a presidential candidate, Obama vowed a broad reversal of Bush's policies toward suspected terrorists.
Most pointedly, he said he'd close the prison in Cuba and try suspected terrorists in civilian courts, not in military tribunals.
Last month, he changed course, saying he'd keep Guantanamo Bay open and would try accused Sept. 11 mastermind Khalid Sheikh Mohammed before a military court.
The reversal, said Rep. Peter King, R-N.Y., the chairman of the House Committee on Homeland Security, "is yet another vindication of President Bush's detention policies by the Obama administration."
Echoing Bush, Obama has also asserted that he has the power to hold suspected terrorists without charges or trial and that he has the power to kill U.S. citizens abroad if his government considers them a terrorist threat.
War powers
During his campaign, Obama signaled that he'd be far more circumspect than Bush was in using military power. He did say he'd send more troops to Afghanistan, which he's done, and that he'd attack al-Qaida terrorists in Pakistan, which he's also done.
But he opposed the Iraq war from the start and said he didn't think the president should wage war for humanitarian purposes or act without congressional approval, absent an imminent threat to the U.S.
"The president does not have power under the Constitution to unilaterally authorize a military attack in a situation that does not involve stopping an actual or imminent threat to the nation," he told the Boston Globe in 2007.
"In instances of self-defense, the president would be within his constitutional authority to act before advising Congress or seeking its consent. History has shown us time and again, however, that military action is most successful when it is authorized and supported by the legislative branch. It is always preferable to have the informed consent of Congress prior to any military action."
On March 19, the U.S. attacked Libya on humanitarian grounds, absent any threat to the U.S. and without approval from Congress.
by Steven Thomma - Apr. 23, 2011 05:28 PM
Barack Obama: The new 'W'
Sunday, April 17, 2011
Sunday, March 27, 2011
Sunday, March 20, 2011
Saturday, February 26, 2011
Wednesday, February 23, 2011
Cash buyers
32% of U.S. home buyers are cash buyers....statistical norm is 10% cash investors...so mortgage financing opportunities are reduced by 22%!
Monday, February 21, 2011
Data Mining
Our human mental thought processes and internet behaviors are being tracked through the likes of search engines and social networks and being used to market goods and services to us on the internet. Can anyone say 'lab rats'?
Randomness
It's liberating to have a clear mind to explore new experiences. To be well-rested and to enjoy the beauty and smells in life is a luxury these days. We all seem to be so busy and having to work double-time to make the same or less money these days; the debilitating effects makes you really question the choices that you've made in life and where you are headed. For now, to enjoy the basics in life and the freedom to enjoy the simple pleasures is endearing in itself.
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