There you go again…..
Pivoting, pirouetting, and posturing, BO gets back to the economy today, focusing his laser like attention because….well….Benghazi, IRS and a slew of scandals. Not much has worked out well for the erstwhile most brilliant newer deal- FDR- Lincolnesque- Preezy- evah. Construction and the housing market are huge indicators of how well the economy is working. While admittedly there are booms in certain areas of the country, mostly western states, the US economy is slowing to a trickle again. One sure sign of this is in the HAMP program designed to help homeowners who are in default on their mortgages.
Nearly 1.2 million mortgage modifications have been completed since the Home Affordable Modification Program (HAMP) was first launched four years ago. Yet more than 306,000 borrowers have re-defaulted on their loans and more than 88,000 are at risk of following suit, the Special Inspector General for the Troubled Asset Relief Program (SIGTARP) found in its quarterly report to Congress.
In addition, the watchdog found that the longer a homeowner stays in the HAMP modification program, the more likely they are to default. Those who have been in the program since 2009, are re-defaulting at a rate of 46%, the inspector general found.
Today Preezy will be traveling around the country to talk about “jobs” and the “economy”. His first speech will be at Knox College in Galesburg, Ill. “It is small enough to require only 257 government employees for everything — police, fire, libraries, and so on. Galesburg’s major claim to fame is that it was the birthplace of Carl Sandburg.” This fine liberal arts college has a student body of 1300 to 1400.
After all, if you’re going to discuss the revitalization of the entire American economy, why would you want to speak at a place where business and industry are taught? So the president was able to scratch potential sites for this speech such as MIT, RPI, the Wharton School at the University of Pennsylvania, Cal Tech, and even the University of Chicago (where he actually taught, and which has a highly regarded business program) off his list and focus like a laser on Knox College.
Of course, this information about the venue is something that isn’t touted by the mainstream media.
We’re all waiting with bated breath for the new slogan that will accompany BO’s latest venture into fixing the economy. He needs a slogan desperately because….. math is hard.
“I’m going to talk about where we need to go from here, how we need to put behind us the distractions and the phony debates and nonsense that somehow passes for politics these days, and get back to basics,” Obama said Monday as he addressed Organizing for Action, the non-profit group backing his agenda.
Obama said Wednesday’s speech would kick off a months-long effort to refocus on the economy and start exploring “some big and bold ideas”–some he’s offered previously, and some new ones, too. Aides said those fresh policy proposals would come in a series of follow-up speeches planned through September, most of which will be narrowly targeted on issues like housing, retirement security and expanding access to education.
IRS scandal update: “There Is ‘No Innocent Explanation’ for IRS Chief Counsel’s Meeting With Obama”
So I can’t for the life of me come up with any kind of innocent explanation for why Obama would have met with the Chief Counsel of the IRS. That meeting shouldn’t ever happen, and especially not without the Commissioner of the IRS being there. Presidents just don’t go to agency chief counsels with legal questions. Presidents don’t go to anyone with legal questions. Their staff does. The idea that the President would sit down with some random agency chief counsel and discuss some pressing legal issue is just bizarre to anyone who has worked in the legal field at that level. I am not sure the reporters covering this story understand how legal advice is actually delivered to the President and just how out of the ordinary that meeting was.
Defending American Principles Is Now a Revolutionary Act. There are no asterisks in the Bill of Rights.
The First Amendment, the cornerstone of our nation’s great experiment in freedom, is a prime target. Progressives want to limit the freedom of the press to only those designated media outlets they know will back the status quo, calling their censorship “campaign finance reform.” The government, defending the McCain-Feingold Act, once even told the Supreme Court that it was perfectly constitutional to charge an American citizen with a crime for writing a book critical of a politician.
Think about that. Our government actually argued that it was A-OK for the feds to stick you in jail for writing a book……..snip
Americans are citizens and not subjects because our forefathers refused to countenance the abuses of far-away elites who sought to control their lives. That’s our heritage, and that’s our duty.
I’m not a journalist, don’t even play one on TEEVEE, but do have the right to speak out about the horrendous policies that government has enacted for the benefit of their cronies and lobbyists, the laws being passed and the intimidation of our fellow Americans by an out of control government targeting them for wanting to exercise their rights as free people, the draconian regulations destroying our small and medium sized businesses and, the proposals made for purely political reasons that will further degrade the economic outlook for the poor and middle classes (Immigration reform as written and Obamacare). All the speeches BO has given or will give doesn’t undo the damage he and his progs have done in harming us both domestically and abroad. If we don’t speak out, who will?
- Obama heads home to refocus on the economy (ksat.com)
- Hundreds line up for Obama opportunity in Galesburg (wqad.com)
- Treasury Blog Examines Redefault Rates for HAMP Modifications (mortgagenewsdaily.com)
- Obama keeps returning to layoffs-plagued Galesburg (sj-r.com)
- Obama ‘Pivots’ to Knox College (americanthinker.com)
- Report: Bank of America, Wells Fargo received incentives but mortgages redefaulted (charlotteobserver.com)
- Posted in: Barack Obama ♦ Democrats ♦ Economy ♦ Employment ♦ Healthcare ♦ illegal immigration ♦ Internal Revenue Service ♦ Media ♦ Politics ♦ Progressives ♦ Random ♦ Taxes ♦ Uncategorized
- Tagged: Barack Obama, economic growth, economic policies, economy, Home Affordable Modification Program, Obama, Obamacare, Progressives, Troubled Asset Relief Program, United States