Interesting points! Monday, November 30th, 2009 Dear President Obama, Do you really want to be the new "war president"? If you go to West Point tomorrow night (Tuesday, 8pm) and announce that you are increasing, rather than withdrawing, the troops in Afghanistan, you are the new war president. Pure and simple. And with that you will do the worst possible thing you could do -- destroy the hopes and dreams so many millions have placed in you. With just one speech tomorrow night you will turn a multitude of young people who were the backbone of your campaign into disillusioned cynics. You will teach them what they've always heard is true -- that all politicians are alike. I simply can't believe you're about to do what they say you are going to do. Please say it isn't so. It is not your job to do what the generals tell you to do. We are a civilian-run government. WE tell the Joint Chiefs what to do, not the other way around. That's the … [Read more...]
Professor advises underwater homeowners to walk away from mortgages — latimes.com
In effect, the banking industry walked away from their “under water” loans by having taxpayers subsidize them. How could we then blame a family for walking away to ensure the best interest of one’s family. Until our laws for business is comparable to laws for the citizens where we are all on equal footing, consumers must look out for their best financial interest by all means necessary. Reporting from Washington - Go ahead. Break the chains. Stop paying on your mortgage if you owe more than the house is worth. And most important: Don't feel guilty about it. Don't think you're doing something morally wrong. That's the incendiary core message of a new academic paper by Brent T. White, a University of Arizona law school professor, titled "Underwater and Not Walking Away: Shame, Fear and the Social Management of the Housing Crisis." White contends that far more of the estimated 15 million U.S. homeowners who are underwater on their mortgages should stiff their lenders and take a hike. Doing so, he … [Read more...]
One in Eight Americans on Food Stamps
In a country as wealthy as ours it is a shame that the wealth distribution allows such an eventuality. We have structural defect in our brand of capitalism. NYTimes: Across U.S., Food Stamp Use Soars and Stigma Fades MARTINSVILLE, Ohio: With food stamp use at record highs and climbing every month, a program once scorned as a failed welfare scheme now helps feed one in eight Americans and one in four children. It has grown so rapidly in places so diverse that it is becoming nearly as ordinary as the groceries it buys. More than 36 million people use inconspicuous plastic cards for staples like milk, bread and cheese, swiping them at counters in blighted cities and in suburbs pocked with foreclosure signs. Virtually all have incomes near or below the federal poverty line, but their eclectic ranks testify to the range of people struggling with basic needs. They include single mothers and married couples, the newly jobless and the chronically … [Read more...]
Obama is having the best first year of any president since Franklin Roosevelt. – By Jacob Weisberg – Slate Magazine
Barack ObamaAbout one thing, left and right seem to agree these days: Obama hasn't done anything yet. Maureen Dowd and Dick Cheney have found common ground in scoffing at the president's "dithering." Newsweek recently ran a sympathetic cover story titled, "Yes He Can (But He Sure Hasn't Yet)." The sarcasm brigade thinks it's finally found an Achilles' heel in his lack of accomplishments. "When you look at my record, it's very clear what I've done so far and that is nothing. Nada. Almost one year and nothing to show for it," Obama stand-in Fred Armisen recently riffed on Saturday Night Live. "It's chow time," Jon Stewart asserts, for a president who hasn't followed through on his promises. Obama is having the best first year of any president since Franklin Roosevelt. - By Jacob Weisberg - Slate Magazine … [Read more...]
