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Topic: Obama Policy Watch  (Read 2960 times)
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« on: March 10, 2009, 04:36:11 PM »
Snowball Offline
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This thread is to track the almost certain shifting of the Obama Policies. As he learns the hard way, well, as America learns the hard way that he is clueless, he is certain to shift from one failed policy to another, just like FDR did.

Here is a article to start the thread, even San Francisco liberals are calling him insane.

Don't limit the mortgage deduction

Sunday, March 8, 2009

One of the main contributors to the greatest economic crisis since the Great Depression is that people are living in homes they can no longer afford.

Considering the nation's predicament, it's hard to imagine a more ill-advised federal policy than one that would make it harder for Americans to remain in the homes they own. Yet that is exactly what President Obama is proposing with his plan to limit the amount of mortgage interest that homeowners could deduct from their federal taxes.

This part of Obama's budget must be scrapped. It would be especially unfair to homeowners in the Bay Area, where the definitions of "middle class" and "luxury homes" are skewed by the extraordinarily high cost of living here.

The baseline goal of any sensible economic recovery plan should be to keep the people who are making their monthly payments to keep doing so and, in the process, contribute to their communities and the nation's economy. Here is a fact of life in the high-cost Bay Area housing market: Prudent homeowners determined how much house they could afford by including the amount of mortgage interest they could deduct from their federal and state taxes.
http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2009/03/08/ED53168DFL.DTL&type=printable

<a href="http://www.youtube.com/v/9WBnDFSh2BE&rel=0" target="_blank">http://www.youtube.com/v/9WBnDFSh2BE&rel=0</a>
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« Reply #1 on: March 10, 2009, 04:37:00 PM »
Snowball Offline
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Here is actually a Policy I agree with:

Obama, taking on unions, backs teacher merit pay
By PHILIP ELLIOTT (Associated Press Writer)
From Associated Press
March 10, 2009 3:32 PM EDT

WASHINGTON - President Barack Obama embraced merit pay for teachers Tuesday in spelling out a vision of education that will almost certainly alienate union backers. A strategy that ties teacher pay to student performance has for years been anathema to teachers' unions, a powerful force in the Democratic Party. These unions also are wary of charter schools, non-traditional educational systems that they believe also compete with traditional schools for tax dollars.

Obama, however, also spoke favorably of charter schools, saying that where they work, they should be encouraged.
http://enews.earthlink.net/article/top?guid=20090310/49b5f3d0_3421_1334520090310714207182
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« Reply #2 on: March 10, 2009, 06:40:47 PM »
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SB:

Prediction #1: Merit pay will be on top of their union contracted base pay and stepped annual increases.

Prediction #2: Homeowners faced with losing mortgage interest deductibility will likely, if they can, shift resources out of stock market investments to payoff their now non-deductible mortgage interest.

Does the stock market need this kind of sell-off pressure?
Does the housing market need this kind of change?
When we allow the federal government in to every aspect of our lives, are we surprised when every time there is a regime change we see changing rules of the game?
There was widespread sell pressure on the stock market at the close of 2008 in anticipation of increased tax rates in 2009.
Why do we put up with the terrible inefficiencies created by the prospect of changing the rules every year?


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« Reply #3 on: March 18, 2009, 01:32:26 PM »
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Obama May Find Anger Over Bonuses Backfires on Agenda (Correct)

Corrects transcription service error on name of congressman in seventh paragraph.)

March 18 (Bloomberg) -- President Barack Obama’s attempt to harness public anger over bonuses paid by American International Group Inc. may backfire on him as Republicans try to redirect that anger toward his administration.

Obama’s spokesman yesterday was forced to defend Treasury Secretary Timothy Geithner and the administration’s response against attacks by Republican lawmakers, some of whom threatened to block any more bailouts of struggling companies.

The public furor over the $165 million in bonuses AIG handed out to employees gives administration critics a new weapon to thwart Obama’s agenda, from his budget to plans for financial-market regulation. It’s also sparking a new round of legislative proposals to penalize -- and potentially tax -- executives who receive bonuses at rescued companies.

“Two weeks ago, the president’s spokesman said they were confident that they knew how every dime was being spent at AIG,” House Republican Leader John Boehner of Ohio told reporters yesterday. “They didn’t know what they were talking about,” Boehner said.

“This is outrageous, and I think the American people are rightly outraged.”

http://www.bloomberg.com/apps/news?pid=20601087&sid=aXZwBisa10zk&refer=worldwide
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« Reply #4 on: March 18, 2009, 01:33:31 PM »
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Analysis: White House, Dems backpedaling on AIG
Analysis: AIG bonuses have Democrats reeling, unable to blame Bush; Republicans go on offense

WASHINGTON (AP) -- For the first time since last fall's election, Democrats and the Obama administration are backpedaling furiously on an issue easily understood by financially strapped taxpayers: $165 million in bonuses paid out at bailed-out AIG.

http://finance.yahoo.com/news/Analysis-White-House-Dems-apf-14677357.html
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« Reply #5 on: March 18, 2009, 01:40:04 PM »
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SPARE US YOUR FAKE FURY, DC HYPOCRITES

 ALL the world's a stage, wrote Shakespeare, and in the world of Washington, the curtains have opened on the most elaborate farce of the year.

Welcome, taxpayers, to the Kabuki Theater of AIG Outrage - where DC's histrionic enablers of taxpayer-funded corporate bailouts compete for Best Performance of Hypocritical Indignation.

Over the weekend, cloaked in their finest populist costumes, the Beltway's hair-sprayed and powdered politicians and White House aides took to the airwaves to inveigh against $165 million in employee-retention payments made by the government-backed insurance giant.

http://www.nypost.com/seven/03182009/news/columnists/spare_us_your_fake_fury__dc_hypocrites_160098.htm
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« Reply #6 on: March 28, 2009, 11:20:53 AM »
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« Reply #7 on: March 28, 2009, 11:24:22 AM »
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« Reply #8 on: March 30, 2009, 03:30:57 AM »
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Bill of Attainder

Definition: A legislative act that singles out an individual or group for punishment without a trial.

The Constitution of the United States, Article I, Section 9, paragraph 3 provides that: "No Bill of Attainder or ex post facto Law will be passed."

"The Bill of Attainder Clause was intended not as a narrow, technical (and therefore soon to be outmoded) prohibition, but rather as an implementation of the separation of powers, a general safeguard against legislative exercise of the judicial function or more simply - trial by legislature."  U.S. v. Brown, 381 U.S. 437, 440 (1965).

"These clauses of the Constitution are not of the broad, general nature of the Due Process Clause, but refer to rather precise legal terms which had a meaning under English law at the time the Constitution was adopted.  A bill of attainder was a legislative act that singled out one or more persons and imposed punishment on them, without benefit of trial.  Such actions were regarded as odious by the framers of the Constitution because it was the traditional role of a court, judging an individual case, to impose punishment."  William H. Rehnquist, The Supreme Court, page 166.

"Bills of attainder, ex post facto laws, and laws impairing the obligations of contracts, are contrary to the first principles of the social compact, and to every principle of sound legislation. ... The sober people of America are weary of the fluctuating policy which has directed the public councils.  They have seen with regret and indignation that sudden changes and legislative interferences, in cases affecting personal rights, become jobs in the hands of enterprising and influential speculators, and snares to the more-industrious and less-informed part of the community."  James Madison, Federalist Number 44, 1788.

http://www.techlawjournal.com/glossary/legal/attainder.htm
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« Reply #9 on: February 23, 2011, 06:03:06 PM »
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Obama admin will no longer defend federal marriage act in court

From NBC's Pete Williams
In a major reversal, the Obama administration has notified Congress that it will no longer defend the federal law that says marriage can exist only between a man and a woman.

Attorney General Eric Holder says he has recommended, and the president has agreed, that the law unconstitutionally discriminates against same-sex couples who are legally married but whose status is not recognized by the federal government.

http://firstread.msnbc.msn.com/_news/2011/02/23/6116207-obama-admin-will-no-longer-defend-federal-marriage-act-in-court
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We could say [Democrats] spend money like drunken sailors, but that would be unfair to drunken sailors. It would be unfair, because the sailors are spending their own money.  --Ronald Reagan

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The person who advocates government planning of the economy always assumes that it is his plan that will be put into effect.  --Hayek
« Reply #10 on: February 24, 2011, 12:26:12 PM »
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"...discriminates against same-sex couples who are legally married but whose status is not recognized by the federal government."

I thought that was the point.
It is worded as though it was an unintended consequence.
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« Reply #11 on: April 20, 2011, 06:56:14 AM »
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IG’s Oversight and Clout Shrink under Obama
By Neil Munro - The Daily Caller

Two years after the departure of President George. W. Bush, the White House has still not appointed 12 of the mandated 69 agency Inspector Generals, and is leaving open slots at several scandal-plagued agencies, including the departments of justice, labor and urban development.

“I hadn’t known that,” said Melanie Sloan, the executive director of Citizens for Responsibility and Ethics in Washington, a Democrat-leaning group. “That’s troubling because the IGs are critical in combating waste, fraud and abuse,” she said

The 12 open slots is a jump from the fall of 2009, where there were seven open slots. The number of successful cases prosecuted by the IGs’ roughly 12,000 staff have also shrunk by 14 percent to 33 percent since late 2008.

Read more: http://dailycaller.com/2011/04/20/igs-oversight-and-clout-shrink-under-obama/#ixzz1K3lJNlK5
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We could say [Democrats] spend money like drunken sailors, but that would be unfair to drunken sailors. It would be unfair, because the sailors are spending their own money.  --Ronald Reagan

Al Gore didn't invent the internet, he invented global warming

The welfare of humanity is always the alibi of tyrants - Camus

The person who advocates government planning of the economy always assumes that it is his plan that will be put into effect.  --Hayek
 
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