WHAT’S YOUR OPINION?
Katrina Response: Never Again!
By Ian Reifowitz
I’ll leave the legal analysis to others who are far more expert than I on that matter.
My point is this: for all those who may have temporarily, let’s say, forgotten or even denied that there is any substantive difference between the Democratic and Republican parties, this decision should remind you exactly what those differences are.
The decision was 5-4. The justices who voted to declare parts of the Voting Rights Act unconstitutional were all appointed by Republican presidents, including two by George W. Bush, who took in office in 2001.
Do you still think there’s no difference between Republicans and Democrats?
Look, this has not been a good couple of weeks for our government, and a lot of liberals have been rightly agonizing over just how much they support the Democratic Party.
To those people, I say this: Criticize President Obama all you like, and criticize the Democratic Party or various figures for whatever you think needs criticizing. It’s important to speak out, as speaking out can help move our party and the President in the right direction.
But don’t forget that there are real, substantive differences between the two parties. They are not the same. The Democratic Party is better than the Republican Party for our country, for our economy, for justice, for equality, and yes, for liberty. Barack Obama is better than Mitt Romney or John McCain would have been on all those counts as well.
To deny those facts is to deny reality. Furthermore, denying those facts makes it more difficult to motivate progressives to do what needs to be done to achieve the broad, progressive goals we share.
The two parties are not the same. And that matters. [Full Quote]
The United States housing bubble is an economic bubble affecting many parts of the United States housing market in over half of American states. Housing prices peaked in early 2006, started to decline in 2006 and 2007, and reached new lows in 2012. On December 30, 2008 the Case-Shiller home price index reported its largest price drop in its history. The credit crisis resulting from the bursting of the housing bubble is — according to “general consensus” — “the primary cause” of the 2007–2009 recession in the United States.
Increased foreclosure rates in 2006–2007 among U.S. homeowners led to a crisis in August 2008 for the subprime, Alt-A, collateralized debt obligation (CDO), mortgage, credit, hedge fund, and foreign bank markets. In October 2007, the U.S. Secretary of the Treasury called the bursting housing bubble “the most significant risk to our economy.”
Any collapse of the U.S. Housing Bubble has a direct impact not only on home valuations, but the nation’s mortgage markets, home builders, real estate, home supply retail outlets, Wall Street hedge funds held by large institutional investors, andforeign banks, increasing the risk of a nationwide recession. Concerns about the impact of the collapsing housing and credit markets on the larger U.S. economy caused President George W. Bush and the Chairman of the Federal Reserve Ben Bernanke to announce a limited bailout of the U.S. housing market for homeowners who were unable to pay their mortgage debts.
In 2008 alone, the United States government allocated over $900 billion to special loans and rescues related to the US housing bubble, with over half going to Fannie Mae and Freddie Mac (both of which are government-sponsored enterprises) as well as the Federal Housing Administration(which is a United States Government agency). On December 24, 2009, the Treasury Department made an unprecedented announcement that it would be providing Fannie Mae and Freddie Mac unlimited financial support for the next three years despite acknowledging losses in excess of $400 billion so far. The Treasury has been criticized for encroaching on spending powers that are enumerated for Congress alone by the US constitution, and for violating limits imposed by the Housing and Economic Recovery Act of 2008.
Before a counterterrorism address, the Obama administration disclosed for the first time the drone deaths Wednesday.
I could not find the details of the President’s TV appearance at 5 AM today. Sorry. Reuters reported that there will a change in drone policy. NBC NEWS says Obama will talk about justification for drone strikes and security for our ambassadorial staffs around the world.
THE RACHEL MADDOW SHOW
The Rachel Maddow Show
One of the things I learned in Sociology 101 was “The Big Lie“: ”If you repeat and untruth loud enough and long enough, people will start to believe it. George W. Bush’s library in Dallas is counting on this theory working for them in their fancy interactive game that works to justify how President George W. Bush’s handled Hurricane Katrina. Bush is trying to take his scandal out of his history as president. [And, Texas is where they publish history books for our children, right?] In the video Melissa Harris-Perry, who lives in New Orleans, gives us the tic toc. —GoodOleWoody
Nothing but pleasantries in Dallas yersterdy
George and Laura Bush Interviewed on ABC