“We are fighting in the defense of our homes, our families, and posterity. We have petitioned, and our petitions have been scorned. We have entreated, and our entreaties have been disregarded. We have begged, and they have mocked when our calamity came.
We beg no longer; we entreat no more; we petition no more. We defy them!” William Jennings Bryan (1896). Some things never change – or will they?
When women continually walk out of your life it says a lot about your personality. In business it says a lot about the operation of the company. In the Obama administration good women have been bolting since the beginning of his term and a common theme seems to surface:
Ellen Moran, Communications Director. Ms Moran lasted less than three months in the Obama administration, announcing her sudden departure in April 2009. Some commentators speculated that Ms Moran had had a difficult time breaking into Mr Obama’s tight-knit circle of close advisers – most of whom had worked with the president for many years – making it hard for her to carry out her role.
Last week, undercover, [we] the government bought the servicing rights to 400,000 Bank of America bad loans – quoted as the worst loans and this is just a pittance of what Countrywide and Bank of America wrote during the subprime catastrophe that collapsed the American economy. Apparently, with very little forethought [we] the government agreed to “buy” these servicing rights that will on average cost an additional $10k – $50,000 to service, maintain and/or foreclose. Who was behind this imbalanced deal? Continue reading →
“…the majority of Republicans in Congress continue to resist any measure that would raise revenues, a position we believe Congress reinforced by passing the act.” Take over the mortgages – stupid! SEIZE MERS.
f you were a patient in intensive care, sick and in pain, what would you say to a doctor whose only recommendation was cutting off your blood supply, meals and therapy, and redirecting your pain medicine to another patient who was already healthy and well? Would you follow your doctor’s orders, or sue them for malpractice? Continue reading →
For a time it seemed safe for many people going about their summers to try to ignore the debt ceiling drama playing out in Washington. If Wall Street had not seemed overly concerned that the United States was headed toward default, why should anyone else worry? And there is the long history of crying wolf in Washington: in April everyone finally got up to speed on the threatened shutdown of the federal government just in time to see it averted by an 11th-hour deal.
But now, palms in Washington are beginning to get sweaty, the stock market is sliding and President Obama is breaking into “The Bachelorette” to address the nation about the debt crisis. Perhaps the time has finally come for a crash course in all things debt ceiling. Continue reading →
s House and Senate leaders fine-tuned rival deficit reduction plans on Wednesday, Sen. Bernie Sanders spoke on the Senate floor about the public’s strong belief that additional revenue from the wealthy should be part of any package to reduce red ink. He cited a new Washington Post poll that found 72 percent favor raising taxes on those who make more than $250,000 year. Despite those overwhelming numbers, he said, “We are marching down a path which will do exactly opposite of what the American people want.” He called Republican opposition to more revenue “fanatical.” He also faulted President Obama for a bargaining strategy that sugars down to this: “Retreat after retreat after retreat.” Of the competing House and Senate proposals Sanders bluntly concluded that one is bad and the other is much worse. He shared his assessment with Continue reading →