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WEWS 5 in Ohio. "Fifty percent of Cleveland mortgages are underwater according to Cuyahoga County Treasurer Jim Rokakis. `In the Gulf of Cuyahoga County you can't clean up the foreclosure mess until we cap the gusher of foreclosures. There's no BP in sight trying to lower a cap on this gusher. It flows freely,' Rokakis explained." "Rokakis heads to Washington Tuesday and hopes to talk with Obama Administration officials about potential solutions, so homeowners don't just walk away from their mortgage. He believes the treasury needs to start an incentive program to force mandatory principal reductions. This would reduce loans to their current values, instead of having a $150,000 mortgage on a house valued at $100,000." "Rokakis would like the second component of that program to give bankruptcy judges the authority to reduce primary residential properties to their current value. It would be a cost to taxpayers, but Rokakis feels we're already footing the bill for these programs on the back end." "`The taxpayer will pay just as they paid for TARP, just as they paid for the bank bailout. But when mortgages go bad and at record numbers, eventually those properties come back at a much lower number and banks reflect those losses. We're going to pay for those anyway. The difference is if we accept the loss now, we can save what's left of the equity and more importantly we'll save neighborhoods,' Rokakis said."
"Rokakis heads to Washington Tuesday and hopes to talk with Obama Administration officials about potential solutions, so homeowners don't just walk away from their mortgage. He believes the treasury needs to start an incentive program to force mandatory principal reductions. This would reduce loans to their current values, instead of having a $150,000 mortgage on a house valued at $100,000."
"Rokakis would like the second component of that program to give bankruptcy judges the authority to reduce primary residential properties to their current value. It would be a cost to taxpayers, but Rokakis feels we're already footing the bill for these programs on the back end."
"`The taxpayer will pay just as they paid for TARP, just as they paid for the bank bailout. But when mortgages go bad and at record numbers, eventually those properties come back at a much lower number and banks reflect those losses. We're going to pay for those anyway. The difference is if we accept the loss now, we can save what's left of the equity and more importantly we'll save neighborhoods,' Rokakis said."
Maybe coming from a 'battleground state' like Ohio, Rokakis will be listened to in an election year.
For pity's sake, we even have sinkholes -- one with an SUV in it, just fueled up, so I know some of the several hundreds evacuated and still without power as the utility companies try to figure out how to keep from blowing up our neighborhood, too.
That storm felt like the endtimes! And some of it hit your town, too? And now -- we have relatives visiting your town, so I have been watching the temps -- you're coping with almost 100 degrees?
This has been one weird, wet summer here in the hinterlands. I let the weeds win weeks ago. Parent
We got just a little of Bonnie our way. Actually very little rain this summer so far. The retention pond behind my house is really low. Could use a good soaking. Guess I better be careful what I wish for. Parent
But we're just back from going to help friends, in the burbs about a mile north of us. Devastation all up and down their block, curbs stacked to the max. They lost everything in their (finished, family room, exercise room, etc.) basement, including heirloom Christmas ornaments, etc. They had water six feet high in their basement -- both water from outside when basement windows shattered from the flood and . . . the dreaded sewage backup from the floor drains. Disgusting. They will be staying with us some of these nights; they are moving around night to night. Btw, these are folks in their '60s who were to retire and sell and move a few years ago but have been through the economic wringer already.
Oh, and they lost three cars, too -- in the driveway, but the flood went above the floorboards and into the electronics in the engine, so the insurance company says Do. Not. Drive. (after the Toyota electronics mystery).
At least they have their lovely lawn and yard. Many of the lawns are half washed away -- one guy's lawn there washed into his basement, ugh.
And basements still are weakening and washing out by the hundreds, in addition to the many thousands of homes still standing but still with standing water, too.
It was the record rainfall ever, since measurements began in 1850 (and good measurements, done by the founder of the U.S. Weather Service, who lived here!). Officially almost eight inches in less than two hours, and unofficial measurements around the city were a foot of rain in less than two hours. It was astonishing to see. Parent
The way I see it, the banks and the homeowners together made the bad investment, but since TARP it is mostly the homeowners losing their shirts. I think it is fair to ask the banks to split the difference of the underwater amount with the homeowners by reducing the principle. The banks still make a lot more than that on the interest payments on the loan. Parent
The Iraqi city of Fallujah continues to suffer the ghastly consequences of a US military onslaught in late 2004. According to the authors of a new study, "Cancer, Infant Mortality and Birth Sex-Ratio in Fallujah, Iraq 2005-2009," the people of Fallujah are experiencing higher rates of cancer, leukemia, infant mortality, and sexual mutations than those recorded among survivors in Hiroshima and Nagasaki in the years after those Japanese cities were incinerated by US atomic bomb strikes in 1945... The assault on Fallujah, a city located 43 miles west of Baghdad, was one of the most horrific war crimes of our time. After the population resisted the US-led occupation of Iraq--a war of neo-colonial plunder launched on the basis of lies--Washington determined to make an example of the largely Sunni city. This is called "exemplary" or "collective" punishment and is, according to the laws of war, illegal. The new public health study of the city now all but proves what has long been suspected: that a high proportion of the weaponry used in the assault contained depleted uranium, a radioactive substance used in shells to increase their effectiveness.
According to the authors of a new study, "Cancer, Infant Mortality and Birth Sex-Ratio in Fallujah, Iraq 2005-2009," the people of Fallujah are experiencing higher rates of cancer, leukemia, infant mortality, and sexual mutations than those recorded among survivors in Hiroshima and Nagasaki in the years after those Japanese cities were incinerated by US atomic bomb strikes in 1945...
The assault on Fallujah, a city located 43 miles west of Baghdad, was one of the most horrific war crimes of our time. After the population resisted the US-led occupation of Iraq--a war of neo-colonial plunder launched on the basis of lies--Washington determined to make an example of the largely Sunni city. This is called "exemplary" or "collective" punishment and is, according to the laws of war, illegal.
The new public health study of the city now all but proves what has long been suspected: that a high proportion of the weaponry used in the assault contained depleted uranium, a radioactive substance used in shells to increase their effectiveness.
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I am not the least bit surprised, yet still I am horrified.
I can't think of anything much more disgusting than checking your grade with David Brooks every week.
Couple that with this dissection of Politico.
I know I nag about the press a lot, but I don't think it can be said enough. I do applaud CNN for starting to take a critical look at the other networks. If they carve themselves a niche in that area, we would all benefit.
(Sorry for the repost - I put this on the Thurs open thread as BTD was creating this one. Had to make sure I spoiled everyone's Friday. )
Fawning over pundits doesn't get you very far. Convincing them that there's serious policy thought behind what you're doing does. This is where Clinton, I think, was just head and shoulders over Obama. Parent
they were good at it. did the media love help. of course. Parent
Formidable Dem machine ... hmm ... maybe the last powerful and effective one was Dick Daley's. The Clintons? They had to rely on borderline types like toe-sucking swamp-infested Dick Morris, then Hillary's corporatist small-ball/big expense acct guy Mark Penn and the incompetent and disloyal PS Doyle. Some machine that one ... Parent
formidable. absolutely. good at communication. obviously. Parent
But I think Bill would acknowledge that he lucked out getting the elderly, cranky Bob Dull as an opponent -- particularly when a year earlier the political threat had been Colin Powell. Compare with the unlucky Carter, who got Reagan as an opponent.
Good, even very good communicator, Bill definitely was. But with all his skills, and however good or competent his WH political team was -- at times, on some matters -- for all that talent that WH still struggled mightily just to get their message out daily. Such is the power of the MSM when they eagerly team up with the GOP. Parent
and if I am honest I have to admit that without Ross Perot there might have been no president Clinton.
on the other hand, I also believe that without the financial collapse there might very well have been no president Obama. Parent
McCain stepped on his crank in Oct with his insane "put my campaign on hold" nonsense. IIRC, he had a slight poll lead at the time.
Bottom line, ANYBODY with a D could probably have been elected in 08 due to the backlash sentiment towards GWB.
And relating to the OP topic, IMHO, HRC would have governed better than what we all are experiencing now. Parent
HRC would have governed better than what we all are experiencing now
As for 2008 and no financial collapse, consider the dynamics and excitement of a Hillary/Obama ticket running against the inept McCain and hapless Palin, plus the overwhelming eagerness out there for change from Repub rule. Possibly a closer final result -- maybe 52% majority instead of 53 -- but a solid win nonetheless. Parent
great that time but I wont say I liked it when Nader did it. Parent
But in that scenario, hard fought HIlary win over a surprisingly tenacious and popular Obama, well a Hill/Oh ticket would have been a no-brainer. Need to keep all the key D constituencies in the tent, sooth the lingering discontent from the primaries.
Yes, it almost certainly would have been Obama in the Veep slot. And a very dynamic team that would have made, alas, both in the campaign and in governing. Parent
he learned that and came back to win, what, 5 more terms. Parent
but in an entirely different way.
Hillary was my candidate but I had to admit eventually that she might not be able to run against the republicans and the press. as it was McCain had to run against the press. I do not misunderestimate how important that was to victory. Parent
Also, it was McCain for the most part running against McCain (his own missteps and blunders) rather than against the press. I didn't see any huge disparity in the overall coverage, certainly not as when Hillary and Obama were fighting it out in the primaries and 93% of the MSM and blogs were against her.
McCain constantly shot himself in the foot. Then the Palin pick, which after a week began to look bad. Then running around panicky like a headless chicken after the financial crisis of September. Several awful debate performances.
All of these would have happened with Hillary in the race. And with Obama as her VP, everyone in the party is kept in the tent and happy as they go off to vote in Nov ... well, what might have been ... Parent
the Obama administration seems determined to be the unclinton whitehouse. I am reading that he objects to using catch phrases. or soundbites. excuse me? earth to Barry. "principals" are great but like Bubba said, if you dont win it doesnt matter what you believe. Parent
I was thinking more along the lines of good policies. Parent
Obamas aloof thing is not cutting it. Parent
You know, Bill had Hillary around to confer with and counsel about maybe taking a step back and looking at some of the WH personnel and whether they are working out. Jackie even helped her husband with evaluating people honestly and brutally. Nancy with Ronnie (Don Regan time), too.
Is Michelle performing a role in this area? I have no idea. And if not her, who? Parent
But how effective was the WH generally in getting people's attention about substantive things other than pseudoscandals? Not always very, imo.
At times however he was good enough -- or favorable circumstances allowed the message to get out, bypassing the hostile MSM, particularly as people by 1996 couldn't help but notice that the economy was beginning to hum along nicely.
In general though, did Bill Clinton have a better overall natural talent of connecting emotionally with avg people compared to Obama? Without question. Twice as good at that as his wife, in fact. Parent
if he had not been spectacular at communicating he would have been impeached.
and how much would it have hurt the holier than thou Obama administration to have a war room or a rapid response team.
there are lots of us who saw a lot of stupid crap non issues coming from the right during, oh say, the healthcare debate that would have been good to answer rather than ignore. Parent
As for the Obama admin needing a rapid response team -- didn't they seem to have one over at Ag? And a rather too rapid response team at that.
No, what this admin needs is cojones and the willingness to step up and speak out for what's right and try for the high-risk/big score once in a while instead of settling for the easy low-risk play. That and maybe some new personnel advising Obama -- say a few no-nonsense actual libs not connected to Goldman and eager to push forward a bold progressive program. Parent
Bill & Poppa B. not spectacularly different. Parent
TANCREDO: The case for impeachment Parent
sorry. Parent
maybe the whales are tired of being "watched"
Take a peek, always interested in reactions.
Have a good weekend, my friends.
The partners, however, are not paying yet, claiming that the contract says that BP, as operator (and 65 percent owner) would pay for clean-up and other costs up-front and then seek contributions from the non-operating partners, and since BP is paying, taxpayers are not harmed. Senator McCain did not like it and Senator McCaskill, said that deferring payments made the companies look bad.-imagine that, an oil company looking bad. Of course, Anadarko and Mitsui have claimed that their responsibilities, according to their operating agreement, is voided in the event of BP's gross negligence and willful misconduct. It would seem a little more appropriate for the Senate and other investigators to inquire of Anadarko and Mitsui what evidence, if any, they have of negligence and misconduct. A good time to do so, while still at odds, before they, inevitably, settle partner differences. Transocean, owner of the rig leased by BP, is not looking so good, based on testimony heard by the Marine Investigative Board. Seems that warning alarms were bypassed --too many disturbing false alarms. Maybe, Senator McCain can give a hand to these guys, too. Accidents do happen.
A loose network of Mexican-American women, some of whom may be illegal immigrants, have been responsible for helping numerous Afghan military deserters go AWOL from an Air Force Base in Texas, FoxNews.com has learned. Many of the Afghans, with the women's assistance, have made their way to Canada; the whereabouts of others remain unknown. Some of the men have been schooled by the women in how to move around the U.S. without any documentation. The Afghan deserters refer to the women as "BMWs" -- Big Mexican Women -- and they often are the first step in the Afghans' journey from Lackland Air Force Base in San Antonio, Texas, to Canada, a diplomatic official told FoxNews.com.
Many of the Afghans, with the women's assistance, have made their way to Canada; the whereabouts of others remain unknown. Some of the men have been schooled by the women in how to move around the U.S. without any documentation.
The Afghan deserters refer to the women as "BMWs" -- Big Mexican Women -- and they often are the first step in the Afghans' journey from Lackland Air Force Base in San Antonio, Texas, to Canada, a diplomatic official told FoxNews.com.
via digby
Don't forget to check under your bed