Saturday, December 24, 2011
Friday, December 16, 2011
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Wednesday, December 14, 2011
2.5 Million MORE Young Adults Have Coverage
Thanks to 'Obama-Care'
By: Kathleen Sebelius
Secretary of Health and Human Services
As a parent, nothing gives us more peace of mind than knowing that our children can pursue their dreams without unfair limitations. This is why I’m excited to announce that millions more young adults in America now have health insurance coverage thanks to the health care law – enabling them to pursue their goals without worrying about what will happen if they get sick.
The provision in the law allowing young adults to remain on their parents’ health insurance until age 26 has resulted in 2.5 million young people gaining coverage, according to analysis based on new data released today by the National Center for Health Statistics.
Families around the country are benefitting from this part of the law, including families like the Houghs, whose daughter Natalie was diagnosed with a rare heart condition after suffering a cardiac arrest at school. Her condition requires a lifetime of medication and care. There was a day when this diagnosis would mean insurance companies would either not cover Natalie or would offer her unaffordable plans. It would mean that Natalie and her family would have to keep paying, or face the unimaginable alternative.
Now, thanks to the health care law, Natalie can stay on her family’s plan and has started college. And, by the time she turns 26, it will be illegal for a plan to deny coverage to anyone, regardless of their health and Natalie will have access to quality, affordable care.
Today’s news is more evidence of the good things the health care law is doing for young people and their families. More young adults in this country can now go on and live their lives with less worry about visiting their doctor when they get sick, or incurring catastrophic medical bills if they are in an accident. And for us parents, this lets us breathe a sigh of relief.
Wednesday, December 7, 2011
" This is a make-or-break moment for the middle class ! "
President Obama in Osawatomie, Kansas
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Wednesday, November 30, 2011
ACTION TIME !!!
SPEAK OUT !!!
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Thursday, November 24, 2011
President Obama wishes the American people a happy Thanksgiving -- and gives a special thanks to the brave men and women serving overseas and those giving back to their communities during the holidays.
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Monday, November 21, 2011
President Responds to Super Committee Failure
B4B Note: The GOP's desire to do all they can to make certain that our country fails in hopes of blaming/defeating The President is actually domestic terrorism and should be identified as such.
Wednesday, November 9, 2011
BIG, BIG NIGHT FOR DEMOCRATS!!! Way to go OHIO ~ we rejected Issue 2 - 60/40!!! Mississippi ~ you voted down that ridiculous Personhood Amendment!!! Maine ~ you said NO to Voter Suppression...and Kentucky ~ you voted for a Democratic Governor!!! WOO HOO! ----► Listen up, GOP - the people have spoken and we're coming for you! ◄---
There's STILL MUCH Work Ahead !
B4B Home Page
Ohioans Unite to Defeat
Repub Gov. Kasich Plan
Article from Amanda Terkel/Huffington Post:
Ohioans overturned a divisive anti-union law on Tuesday, delivering a significant defeat to Republican Gov. John Kasich and a victory to labor unions.
Ohio voters rejected Issue 2, a ballot referendum on Senate Bill 5, a measure that restricts collective bargaining rights for more than 360,000 public employees, among other provisions. Opposition to the legislation inspired large protests from residents around the state this year.
Immediately after the results came in, union officials sent out statements declaring success.
"One message rang loud and clear tonight in Ohio and across the country: those who spend their time scapegoating workers and pushing a partisan agenda will only strengthen the resolve of working people," said AFL-CIO President Richard Trumka. "From the very beginning, it’s been clear that Gov. Kasich, and indeed many politicians, were pushing an agenda that was about politics, not about solving our nation’s problems or creating jobs."
"Even after John Kasich locked the doors to democracy and shut out everyday heroes from the Statehouse, in the cold, blister of February -- working people never lost hope. We marched in the spring, circulated petitions in the summer and now, this fall, we delivered a win for all working people by defeating Issue 2, repealing Senate Bill 5," added Becky Williams, president of SEIU District 1199 in Ohio.
Kasich held a press conference shortly after the fate of Issue 2 had been declared, saying it was time for him to "take a deep breath" and figure out what to do next.
"When I say it is a time to pause, it is right now, on this issue," he said. "The people have spoken clearly. You don't ignore the public. Look, I also have an obligation to lead. I've been leading since the day I took this office, and I'll continue to do that. But part of leading is listening and hearing what people have to say to you."
Kasich signed SB 5 into law on March 31, although the law was put on hold during the referendum campaign. The labor-aligned group We Are Ohio organized the anti-Issue 2 effort, and Building A Better Ohio led the pro-Issue 2 fight.
Tuesday's defeat may have nullified SB 5, but parts of the law may not be dead in the long term. While much of the public attention has centered on the law's ban on collective bargaining for public employees, the law also contained provisions to require public employees to contribute to their health care and pension benefits, along with pushing merit pay for teachers -- proposals that polled well in the run-up to the election.
Ohio State Rep. Mike Foley (D) said the Republican leadership in the legislature may try to pass these proposals one by one when they reconvene in January.
"They could act and take bits and pieces of it and try a new bill on teacher merit pay or health care...or any of the parts of the bill that they think they can get passed," Foley said. "I don't know if they will. We'll have to see. ... I think some of the Republican members on their side of the aisle are going to start looking at their leadership funny if they come back with another collective bargaining bill."
"We certainly are going to be ready for that, if we're still in the same kind of political situation of them controlling the state legislature and governor's office," added AFL-CIO Political Director Mike Podhorzer. "We're hoping the vote on Tuesday will have demonstrated this is enormously unpopular.
Kasich's spokesman recently said the governor had not been focusing on what-ifs in case the referendum was defeated.
PEOPLE POWER WORKS !
Saturday, November 5, 2011
President Barack Obama is greeted by French President Nicholas Sarkozy for the start of the G20 Summit in Cannes, France, Nov. 3, 2011. (Official White House Photo by Lawrence Jackson)
President Obama is in France for a meeting of the G20 -- a gathering of 20 nations that represent the world's most important industrialized economies. In addition to working sessions with the full assembly of leaders, the President also held bilateral talks with French President Nicolas Sarkozy and German Chancellor Angela Merkel.
In his conversation with President Sarkozy, he discussed the focus of this week's talks:
I think it's no surprise that we spent most of our conversation focused on strengthening the global economic recovery so that we are creating jobs for our people and stabilizing the financial markets around the world. The most important aspect of our task over the next two days is to resolve the financial crisis here in Europe. President Sarkozy has shown extraordinary leadership on this issue. I agree with him that the EU has made some important steps towards a comprehensive solution, and that would not have happened without Nicolas's leadership. But here at the G20 we're going to have to flesh out more of the details about how the plan will be fully and decisively implemented.
The President elaborated on that theme in his conversation with Chancellor Merkel:
This is going to be a very busy two days. Central to our discussions at the G20 is how do we achieve greater global growth and put people back to work. That means we’re going to have to resolve the situation here in Europe. And without Angela’s leadership we would not have already made the progress that we’ve seen at the EU meeting on October 27th.
Tuesday, November 1, 2011
President Barack Obama and First Lady Michelle Obama welcome area students and the children of military families to the White House for trick-or-treating on Halloween.
Saturday, October 29, 2011
President Obama says that we can’t wait for Congress to take action to grow the economy and create jobs -- and highlights actions he took to help families refinance their mortgages, put veterans to work, and lower the cost of student loans.
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Thursday, October 27, 2011
Office of the Press Secretary
October 25, 2011
The Administration has made historic investments in Pell Grants and the American Opportunity Tax Credit to help make college more affordable for millions of current and future students. While college remains an excellent investment for most students, debt may discourage some potential students from enrolling, keeping them from getting the skills they need to compete in the global economy. Some borrowers may struggle to manage their bills and support their families. The need for enough income to make large monthly payments may discourage some graduates from starting a new job-creating business or entering teaching or another lower-paying public service career.
Today, the President announced a series of additional steps that the Administration will take to make college more affordable and to make it even easier for students to repay their federal student loans:
Help Americans Manage Student Loan Debt by Capping Monthly Payments to What They Can Afford
· Allow borrowers to cap their student loan payments at 10% of discretionary income. In the 2010 State of the Union, the President proposed – and Congress quickly enacted – an improved income-based repayment (IBR) plan, which allows student loan borrowers to cap their monthly payments at 15% of their discretionary income. Beginning July 1, 2014, the IBR plan is scheduled to reduce that limit from 15% to 10% of discretionary income.
· Today, the President announced that his Administration is putting forth a new “Pay As You Earn” proposal to make sure these same important benefits are made available to some borrowers as soon as 2012. The Administration estimates that this cap will reduce monthly payments for more than 1.6 million student borrowers.
o A nurse who is earning $45,000 and has $60,000 in federal student loans. Under the standard repayment plan, this borrower’s monthly repayment amount is $690. The currently available IBR plan would reduce this borrower’s payment by $332 to $358. President Obama’s improved ‘Pay As You Earn’ plan will reduce her payment by an additional $119 to a more manageable $239 -- a total reduction of $451 a month.
o A teacher who is earning $30,000 a year and has $25,000 in Federal student loans. Under the standard repayment plan, this borrower’s monthly repayment amount is $287 . The currently available IBR plan would reduce this borrower’s payment by $116, to $171. Under the improved ‘P ay As You Earn’ plan, his monthly payment amount would be even more manageable at only $114. And, if this borrower remained a teacher or was employed in another public service occupation, he would be eligible for forgiveness under the Public Service Loan Forgiveness Program after 10 years of payments .
· Continues to provide help for those already in the workforce. Recent graduates and others in the workforce who are still struggling to pay off their student loans can immediately take advantage of the current income-based repayment plan that caps payments at 15% of the borrower’s discretionary income to help them manage their debt. Currently, more than 36 million Americans have federal student loan debt, but fewer than 450,000 Americans participate in income-based repayment. Millions more may be eligible to reduce their monthly payments to an amount affordable based on income and family size. The Administration is taking steps to make it easier to participate in IBR and continues to reach out to borrowers to let them know about the program .
Borrowers looking to determine whether or not income-based repayment is the right option for them should visit www.studentaid.gov/ibr.
The CFPB also released the Student Debt Repayment Assistant, an online tool that provides borrowers, many of whom may be struggling with repayment, with information on income-based repayment, deferments, alternative payment programs, and much more. The Student Debt Repayment Assistant is available at ConsumerFinance.gov/students/repay
Improve Ease of Making Payments and Reduce Default Risk by Consolidating Loans
· Provide a discount on consolidation loans. While all new federal student loans are now Direct Loans thanks to the historic reforms in the Health Care and Education Reconciliation Act, there are still $400 billion outstanding in old Federal Family Education Loans. These loans offer fewer repayment options and are unnecessarily expensive for taxpayers. In addition, about 6 million borrowers have at least one Direct Loan and at least one FFEL loan, which requires them to submit two separate monthly payments, a complexity that puts them at greater risk of default.
To ensure borrowers are not adversely impacted by this transition and to facilitate loan repayment while reducing taxpayer costs, the Department of Education is encouraging borrowers with split loans to consolidate their guaranteed FFEL loans into the Direct Loan program. Borrowers do not need to take any action at this time. Beginning in January 2012, the Department will reach out to qualified borrowers early next year to alert them of the opportunity.
This special consolidation initiative would keep the terms and conditions of the loans the same, and most importantly, beginning in January 2012, allow borrowers to make only one monthly payment, as opposed to two or more payments, greatly simplifying the repayment process. Borrowers who take advantage of this special, limited-time consolidation option would also receive up to a 0.5 percent reduction to their interest rate on some of their loans, which means lower monthly payments and saving hundreds in interest. Borrowers would receive a 0.25 percent interest rate reduction on their consolidated FFEL loans and an additional 0.25 percent interest rate reduction on the entire consolidated FFEL and DL balance.
o A borrower about to enter repayment with two $4,500 FFEL Stafford loans (at 6.0%) and a $5,500 Direct Stafford loan (at 4.5%). Under Standard Repayment, the borrower can expect to pay a total of $4,330 in interest until the loans are paid in full. If this borrower consolidates their FFEL loans under this initiative they would save $376 in interest payments, and make only one payment per month, instead of two.
o A borrower in repayment with a $32,000 FFEL Consolidation loan (at 6.25%) and a $5,500 Direct Unsubsidized Stafford loan (at 6.8%). Under Standard Repayment, the borrower can expect to pay a total of $13,211 in interest until the loans are paid in full. If this borrower consolidates the FFEL loan under this initiative they would save $964 in interest payments, and make only one payment per month instead of two.
Provide Consumers with Better Information to Make College Selection Decisions
“Know Before You Owe” Financial Aid Shopping Sheet.
· The Consumer Financial Protection Bureau and the Department of Education have teamed up to launch a new “Know Before You Owe” project aimed at creating a model financial aid disclosure form, which colleges and universities could use to help students better understand the type and amount of aid they qualify for and easily compare aid packages offered by different institutions. This “Financial Aid Shopping Sheet” makes the costs and risks of student loans clear upfront – before students have enrolled – outlining their total estimated student loan debt, monthly loan payments after graduation and additional costs not covered by federal aid. Ultimately, this provides students and their families with useful information that can help them make a more informed decision about where to attend college and help them better understand the debt burden they may be left with.
The CFPB is soliciting feedback on how to further improve the form, especially looking for input from college students and their families. They can go to the CFPB's website (http://consumerfinance.gov/students/knowbeforeyouowe) where an online ranking tool will provide the public with an opportunity to weigh in on the financial aid shopping sheet.
Friday, October 21, 2011
(WARNING....MUST READ/SHARE !!!)
The Plot To Dilute
The Black Vote !
By George Curry:
After decades of trying to ease voting restrictions that suppress voter turnout in the U.S., already among the lowest among industrialized nations, Republican-led state legislators and GOP governors have quickly implemented or proposed a series of changes aimed at reducing Black political clout.
Among the recent developments to limit Black voter participation:
· At least 34 states have introduced legislation that would require voters to show photo identification in order to vote;
· At least 12 states have introduced bills that would require proof of citizenship, such as a birth certificate, to register or vote;
· At least 13 states have introduced legislation to end popular Election Day and same-day voter registration;
· At least nine states have introduced bills to reduce their early voting periods and
· Two states – Florida and Iowa – have reversed prior executive orders making it easier for ex-felons to vote.
These voter suppression efforts are detailed in a recent report by the Brennan Center at New York University’s School of Law titled, Voting Law Changes in 2012.
“The general thrust of the law over the past few decades has been to ease registration requirements to make it easier for eligible citizens to get on the voter rolls,” the report stated. “The most significant advance was the National Voter Registration Act of 1993, also known as the ‘Motor Voter’ law, which made voter registration opportunities widely available across the country. More recently, states have taken the lead in modernizing their voter registration systems so that more voters are getting on the rolls and the rolls are getting more accurate.”
However, that’s no longer the case.
“This year, the tide reversed,” the report observed. “Instead of efforts to increase voter registration, this year new registration requirements have been instated that will make it more challenging for eligible voters to ensure that they are registered to vote on Election Day. Voter registration regulations range from restrictions on individuals and groups who help register voters, to efforts to scale back Election Day and same-day registration, to new rules making it harder for voters to stay registered after they move.”
These new restrictions could have a significant impact on the outcome of the 2012 presidential election. The states that have already placed further restrictions on voting will provide 171 electoral votes in 2012 – 63 percent of the 270 needed to win the presidency. Of the 12 battleground states, five have already cut back on voting rights and two more are considering following their lead.
Most of the public attention on voter disenfranchisement has centered on voter identification laws. Prior to 2006, no state required its voters to show government-issued ID, according to the study. In 2006, Indiana became the first state to require voters to show a government-issued photo ID. This year, 34 states introduced similar legislation. Of those, seven have been enacted so far: Alabama, Kansas, Rhode Island, South Carolina, Tennessee, Texas and Wisconsin. The type of government ID accepted is also an issue. Texas, for example, will recognize permits to carry concealed weapons, but not student IDs from state universities.
The partial or full elimination of early voting on Sundays will certainly reduce the Black vote. Ohio has eliminated all in-person early voting on Sundays. Florida has eliminated it for the last Sunday before Election Day. And North Carolina is considering eliminating all in-person voting on Sundays.
The Sunday restrictions target “Souls to the Polls” campaign popular in African-American churches. Forbidding early voting on the last Sunday before an election hurts Blacks. Florida is a perfect example. In the 2008 general election, 32.2 percent of those who voted early on the last Sunday were Black and 23.6 percent were Latino (Blacks represent 13.4 percent of all early voters in the state and Latinos 11.6 percent).
The movement to restore the rights of the formerly incarcerated has also hit a roadblock.
Since 1997, according to the report, 23 states have either restored voting rights for the formerly incarcerated or eased the restoration process.
“By executive action, Governors Terry Branstad of Iowa and Rick Scott of Florida, both Republicans, returned their state policies to de facto permanent disenfranchisement,” the report said. Nevada Gov. Brian Sandoval, also a Republican, vetoed a bill with bipartisan support that would have automatically restored voting rights to anyone who honorably completed a felony sentence and probation or parole.
One of most serious threats to Black voting is the curbs being placed on community groups that assist in voter registration, such as the National Coalition on Black Voter Participation.
Texas is considering a proposal that would require anyone who registers voters to first be deputized and attend mandatory training that ends with an exam. On May 19, Florida Gov. Rick Scott signed a new law that requires voter registration groups to pre-register with the state before engaging in voter registration activity and mandates that every voter registration form collected be presented to county officials within 48 hours of signature. Those who don’t comply face civil penalties. In addition, the group conducting the voter registration must place their state-issued ID code on each form collected from a voter.
The net results of these new laws could mean the disenfranchisement of at least 5 million voters, the Brennan Center report noted. Republicans have made it clear that their primary goal is to defeat President Obama in 2012. What they are not saying is that they hope to do that by suppressing the Black vote.
George E. Curry, former editor-in-chief of Emerge magazine and the NNPA News Service, is a keynote speaker, moderator, and media coach. He can be reached through his Web site, www.georgecurry.com. You can also follow him at www.twitter.com/currygeorge.
President Obama Has Written Personal Checks
to Struggling Americans !
WASHINGTON -- Got problems? Tell Barack Obama. He can help. He might even give you money.
On more than one occasion, the president has cut personal checks to struggling Americans who've written to the White House, according to an excerpt from a new book by Washington Post reporter Eli Saslow about the ten letters the president reads every day.
"It's not something I should advertise, but it has happened," the president told Saslow.
How many times has President Obama intervened on someone's behalf, and with what kind of problems does he help? Mortgage payments? Medical bills? And when he wants to help someone out with a personal check, how does it work? Does he send a check signed "Barack Obama" directly to the individual in need, or does he send the money to a bank or company on the person's behalf? Do people even know when Obama has helped them out, or does the help arrive anonymously through a lawyer?
The White House declined to answer any questions about the practice.
'Do-Nothing' Senate Repub's NO Vote Blocks
State Aid Needed to Avoid Teacher/Firefighter/Police Layoffs
WASHINGTON -- Despite a campaign-style push this week by President Barack Obama, the Senate on Thursday scuttled pared-back jobs legislation aimed at helping state and local governments avoid layoffs of teachers and firefighters.
Obama's three-day bus tour through North Carolina and Virginia -- states crucial to his re-election race next year -- didn't change any minds among Senate Republicans, who filibustered Obama's latest jobs measure to death just as they killed his broader $447 billion jobs plan last week.
The 50-50 vote came in relation to a motion to simply take up the bill and fell well short of the 60 needed to break a filibuster. Democrats Ben Nelson of Nebraska, Mark Pryor of Arkansas and Independent Joe Lieberman of Connecticut broke with Obama on the vote. Two Democrats who voted with the president, Sen. Joe Manchin of West Virginia and Jon Tester of Montana, however, said they couldn't support the underlying Obama plan unless it's changed.
Thursday's $35 billion measure combined $30 billion for state and local governments to hire teachers and other school workers with $5 billion to help pay the salaries of police officers, firefighters and other first responders. The White House says the measure would "support" almost 400,000 education jobs for one year. Republicans call that a temporary "sugar high" for the economy.
Obama and his Democratic allies are acting like they've found a winning issue in repeatedly pressing popular ideas such as infrastructure spending and boosting hiring of police officers and firefighters. The sluggish economy and lower tax revenues have caused many teachers' jobs to be cut over the past several years.
"For the second time in two weeks, every single Republican in the United States Senate has chosen to obstruct a bill that would create jobs and get our economy going again," Obama said in a statement after the vote. "Every American deserves an explanation as to why Republicans refuse to step up to the plate and do what's necessary to create jobs and grow the economy right now."
"We cannot afford to be bailing out local governments, and we can't afford stimulus 2.0," countered Sen. Marco Rubio, R-Fla.
After the failure of the jobs measure last week, Democrats vowed to try to resurrect it on a piece by piece basis, even though the strategy doesn't seem to have any better chance of success. But Democrats are trying to win a political advantage through repeated votes.
They're also pressing for passage of a poll-tested financing mechanism -- a surcharge on income exceeding $1 million.
An AP-GfK poll taken Oct. 13-17 found 62 percent of respondents favoring the surcharge as a way to pay for jobs initiatives. Just 26 percent opposed the idea. (Read rest of article)
Regarding Death of Muammar Qadaffi
Office of the Press Secretary
For Immediate Release October 20, 2011
REMARKS BY THE PRESIDENT
ON THE DEATH OF MUAMMAR QADDAFI
2:07 P.M. EDT
THE PRESIDENT: Good afternoon, everybody. Today, the government of announced the death of Muammar Qaddafi. This marks the end of a long and painful chapter for the people of Libya, who now have the opportunity to determine their own destiny in a new and democratic Libya.
For four decades, the Qaddafi regime ruled the Libyan people with an iron fist. Basic human rights were denied. Innocent civilians were detained, beaten and killed. And Libya’s wealth was squandered. The enormous potential of the Libyan people was held back, and terror was used as a political weapon.
Today, we can definitively say that the Qaddafi regime has come to an end. The last major regime strongholds have fallen. The new government is consolidating the control over the country. And one of the world’s longest-serving dictators is no more.
One year ago, the notion of a free Libya seemed impossible. But then the Libyan people rose up and demanded their rights. And when Qaddafi and his forces started going city to city, town by town, to brutalize men, women and children, the world refused to stand idly by.
Faced with the potential of mass atrocities -- and a call for help from the Libyan people -- the United States and our friends and allies stopped Qaddafi’s forces in their tracks. A coalition that included the United States, NATO and Arab nations persevered through the summer to protect Libyan civilians. And meanwhile, the courageous Libyan people fought for their own future and broke the back of the regime.
So this is a momentous day in the history of Libya. The dark shadow of tyranny has been lifted. And with this enormous promise, the Libyan people now have a great responsibility -- to build an inclusive and tolerant and democratic Libya that stands as the ultimate rebuke to Qaddafi’s dictatorship. We look forward to the announcement of the country’s liberation, the quick formation of an interim government, and a stable transition to Libya’s first free and fair elections. And we call on our Libyan friends to continue to work with the international community to secure dangerous materials, and to respect the human rights of all Libyans –- including those who have been detained.
We’re under no illusions -- Libya will travel a long and winding road to full democracy. There will be difficult days ahead. But the United States, together with the international community, is committed to the Libyan people. You have won your revolution. And now, we will be a partner as you forge a future that provides dignity, freedom and opportunity.
For the region, today’s events prove once more that the rule of an iron fist inevitably comes to an end. Across the Arab world, citizens have stood up to claim their rights. Youth are delivering a powerful rebuke to dictatorship. And those leaders who try to deny their human dignity will not succeed.
For us here in the United States, we are reminded today of all those Americans that we lost at the hands of Qaddafi’s terror. Their families and friends are in our thoughts and in our prayers. We recall their bright smiles, their extraordinary lives, and their tragic deaths. We know that nothing can close the wound of their loss, but we stand together as one nation by their side.
For nearly eight months, many Americans have provided extraordinary service in support of our efforts to protect the Libyan people, and to provide them with a chance to determine their own destiny. Our skilled diplomats have helped to lead an unprecedented global response. Our brave pilots have flown in Libya’s skies, our sailors have provided support off Libya’s shores, and our leadership at NATO has helped guide our coalition. Without putting a single U.S. service member on the ground, we achieved our objectives, and our NATO mission will soon come to an end.
This comes at a time when we see the strength of American leadership across the world. We’ve taken out al Qaeda leaders, and we’ve put them on the path to defeat. We’re winding down the war in and have begun a transition in . And now, working in Libya with friends and allies, we’ve demonstrated what collective action can achieve in the 21st century.
Of course, above all, today belongs to the people of Libya. This is a moment for them to remember all those who suffered and were lost under Qaddafi, and look forward to the promise of a new day. And I know the American people wish the people of Libya the very best in what will be a challenging but hopeful days, weeks, months and years ahead.
Thank you, very much.
Visit Blacks4Barack Home Page
Sunday, October 16, 2011
Saturday, October 1, 2011
BBC Speechless As Trader Tells Truth:
" The Collapse is Coming...and Goldman Sachs
Rules The World "
H/T ThinkProgress & J&J Politics
International Trader: ‘I Go To Bed Every Night And I Dream Of Another Recession’ | While European government and financial leaders are scrambling to prevent a financial crisis in the Eurozone that would likely throw the global economy into even more turmoil, stock trader Alessio Rastani took to BBC today to tell the world that traders were looking forward to the possibility of a second big recession. “For most traders, it’s not about – we don’t really care that much how they’re going to fix the economy, how they’re going to fix the whole situation,” he said. “Our job is to make money from it.” Rastani, who also claimed “Goldman Sachs rules the world,” said, “Personally, I’ve been dreaming of this moment for three years…I go to bed every night and I dream of another recession. When the market crashes… if you know what to do, if you have the right plan set up, you can make a lot of money from this.”
Wall Street bankers like Rastani, meanwhile, are large donors to the GOP’s presidential frontrunners, who want to repeal the Dodd-Frank financial reform law that was aimed at preventing another financial crisis like the one that wrecked the American economy in 2008.
Tuesday, September 27, 2011
President's Full Speech to the
Congressional Black Caucus
" Stop Cryin'... take off your bedroom slippers...
Put on your Marching Shoes ! "
Tuesday, September 20, 2011
President Obama announces his plan for economic growth and deficit reduction to pay for the American Jobs Act and get our fiscal house in order, based on the values of shared responsibility and shared sacrifice.
WATCH: President's Budget Plan
B4B NOTE: The President has made it very clear what his desire and plan is regarding deficit cuts. Now it is up to the legislators....our Senators and Congresspeople to make this plan a reality. The Time is Now for all to bombard our politicians to tell them to Do The Right Thing !
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Thursday, September 15, 2011
Sam Stein: WASHINGTON -- Jilted by Republican leadership during the deficit-reduction talks that accompanied the debt ceiling debate, the Obama administration is now pulling back an offer to put Social Security reform on the negotiating table.
The president will not include changes to that program in the series of deficit reduction measures that he will offer to the congressional super committee next Monday, administration officials confirm.
During talks with House Speaker John Boehner (R-Ohio) this past summer, President Barack Obama had discussed changing the way that Social Security benefits were paid so that a lower level of benefits were paid over time. Boehner walked away from that deal, which was part of a much broader package, because of concern over a corresponding tax increase. Now, Obama is putting off support for that idea of changing the inflation formula of Social Security to chained consumer price index (CPI).
“The president’s recommendation for deficit reduction will not include any changes to Social Security because, as the president has consistently said, he does not believe that Social Security is a driver of our near and medium term deficits," said White House spokeswoman Amy Brundage. "He believes that both parties need to work together on a parallel track to strengthen Social Security for future generations rather than taking a piecemeal approach as part of a deficit reduction plan.”
"There will be no Social Security in the recommendations," Brundage added.
The White House's decision to take Social Security reform off the table for the time being, which was first reported by the Wall Street Journal, is largely consistent with the president's viewpoint that the program is not a contributor to the deficit and should be dealt with in separate discussions. The administration brought it in to the "grand bargain" talks with Boehner, an official relayed, because the president was a party to those talks. With respect to the super committee's negotiations, he will have no seat at the table and is merely outlining his preferences for reform.
The move also makes obvious political sense. Democrats have long worried that they would upset their base should they be seen as the ones chipping away at retirement benefits, certainly after House Republicans took heat for passing a budget that would convert Medicare into a voucher-based program.
Thursday, September 8, 2011
EMBARGOED UNTIL DELIVERY
September 8, 2011
Remarks of President Barack Obama in an
Address to a Joint Session of Congress
Mr. Speaker, Mr. Vice President, Members of Congress, and fellow Americans:
Tonight we meet at an urgent time for our country. We continue to face an economic crisis that has left millions of our neighbors jobless, and a political crisis that has made things worse.
This past week, reporters have been asking “What will this speech mean for the President? What will it mean for Congress? How will it affect their polls, and the next election?”
But the millions of Americans who are watching right now: they don’t care about politics. They have real life concerns. Many have spent months looking for work. Others are doing their best just to scrape by – giving up nights out with the family to save on gas or make the mortgage; postponing retirement to send a kid to college.
These men and women grew up with faith in an America where hard work and responsibility paid off. They believed in a country where everyone gets a fair shake and does their fair share – where if you stepped up, did your job, and were loyal to your company, that loyalty would be rewarded with a decent salary and good benefits; maybe a raise once in awhile. If you did the right thing, you could make it in America.
But for decades now, Americans have watched that compact erode. They have seen the deck too often stacked against them. And they know that hasn’t always put their interests first.
The people of this country work hard to meet their responsibilities. The question tonight is whether we’ll meet ours. The question is whether, in the face of an ongoing national crisis, we can stop the political circus and actually do something to help the economy; whether we can restore some of the fairness and security that has defined this nation since our beginning.
Those of us here tonight can’t solve all of our nation’s woes. Ultimately, our recovery will be driven not by Washington, but by our businesses and our workers. But we can help. We can make a difference. There are steps we can take right now to improve people’s lives.
I am sending this Congress a plan that you should pass right away. It’s called the American Jobs Act. There should be nothing controversial about this piece of legislation. Everything in here is the kind of proposal that’s been supported by both Democrats and Republicans – including many who sit here tonight. And everything in this bill will be paid for. Everything.
The purpose of the American Jobs Act is simple: to put more people back to work and more money in the pockets of those who are working. It will create more jobs for construction workers, more jobs for teachers, more jobs for veterans, and more jobs for the long-term unemployed. It will provide a tax break for companies who hire new workers, and it will cut payroll taxes in half for every working American and every small business. It will provide a jolt to an economy that has stalled, and give companies confidence that if they invest and hire, there will be customers for their products and services. You should pass this jobs plan right away.
Everyone here knows that small businesses are where most new jobs begin. And you know that while corporate profits have come roaring back, smaller companies haven’t. So for everyone who speaks so passionately about making life easier for “job creators,” this plan is for you.
Pass this jobs bill, and starting tomorrow, small businesses will get a tax cut if they hire new workers or raise workers’ wages. Pass this jobs bill, and all small business owners will also see their payroll taxes cut in half next year. If you have 50 employees making an average salary, that’s an $80,000 tax cut. And all businesses will be able to continue writing off the investments they make in 2012.
It’s not just Democrats who have supported this kind of proposal. Fifty House Republicans have proposed the same payroll tax cut that’s in this plan. You should pass it right away.
Pass this jobs bill, and we can put people to work rebuilding America. Everyone here knows that we have badly decaying roads and bridges all over this country. Our highways are clogged with traffic. Our skies are the most congested in the world.
This is inexcusable. Building a world-class transportation system is part of what made us an economic superpower. And now we’re going to sit back and watch build newer airports and faster railroads? At a time when millions of unemployed construction workers could build them right here in America?
There are private construction companies all across America just waiting to get to work. There’s a bridge that needs repair between and that’s on one of the busiest trucking routes in . A public transit project in that will help clear up one of the worst areas of traffic in the country. And there are schools throughout this country that desperately need renovating. How can we expect our kids to do their best in places that are literally falling apart? This is America. Every child deserves a great school – and we can give it to them, if we act now.
The American Jobs Act will repair and modernize at least 35,000 schools. It will put people to work right now fixing roofs and windows; installing science labs and high-speed internet in classrooms all across this country. It will rehabilitate homes and businesses in communities hit hardest by foreclosures. It will jumpstart thousands of transportation projects across the country. And to make sure the money is properly spent and for good purposes, we’re building on reforms we’ve already put in place. No more earmarks. No more boondoggles. No more bridges to nowhere. We’re cutting the red tape that prevents some of these projects from getting started as quickly as possible. And we’ll set up an independent fund to attract private dollars and issue loans based on two criteria: how badly a construction project is needed and how much good it would do for the economy.
This idea came from a bill written by a Texas Republican and a Democrat. The idea for a big boost in construction is supported by largest business organization and America’s largest labor organization. It’s the kind of proposal that’s been supported in the past by Democrats and Republicans alike. You should pass it right away.
Pass this jobs bill, and thousands of teachers in every state will go back to work. These are the men and women charged with preparing our children for a world where the competition has never been tougher. But while they’re adding teachers in places like , we’re laying them off in droves. It’s unfair to our kids. It undermines their future and ours. And it has to stop. Pass this jobs bill, and put our teachers back in the classroom where they belong.
Pass this jobs bill, and companies will get extra tax credits if they hire America’s veterans. We ask these men and women to leave their careers, leave their families, and risk their lives to fight for our country. The last thing they should have to do is fight for a job when they come home.
Pass this bill, and hundreds of thousands of disadvantaged young people will have the hope and dignity of a summer job next year. And their parents, low-income Americans who desperately want to work, will have more ladders out of poverty.
Pass this jobs bill, and companies will get a $4,000 tax credit if they hire anyone who has spent more than six months looking for a job. We have to do more to help the long-term unemployed in their search for work. This jobs plan builds on a program in that several Republican leaders have highlighted, where people who collect unemployment insurance participate in temporary work as a way to build their skills while they look for a permanent job. The plan also extends unemployment insurance for another year. If the millions of unemployed Americans stopped getting this insurance, and stopped using that money for basic necessities, it would be a devastating blow to this economy. Democrats and Republicans in this Chamber have supported unemployment insurance plenty of times in the past. At this time of prolonged hardship, you should pass it again – right away.
Pass this jobs bill, and the typical working family will get a fifteen hundred dollar tax cut next year. Fifteen hundred dollars that would have been taken out of your paycheck will go right into your pocket. This expands on the tax cut that Democrats and Republicans already passed for this year. If we allow that tax cut to expire – if we refuse to act – middle-class families will get hit with a tax increase at the worst possible time. We cannot let that happen. I know some of you have sworn oaths to never raise any taxes on anyone for as long as you live. Now is not the time to carve out an exception and raise middle-class taxes, which is why you should pass this bill right away.
This is the American Jobs Act. It will lead to new jobs for construction workers, teachers, veterans, first responders, young people and the long-term unemployed. It will provide tax credits to companies that hire new workers, tax relief for small business owners, and tax cuts for the middle-class. And here’s the other thing I want the American people to know: the American Jobs Act will not add to the deficit. It will be paid for. And here’s how:
The agreement we passed in July will cut government spending by about $1 trillion over the next ten years. It also charges this Congress to come up with an additional $1.5 trillion in savings by Christmas. Tonight, I’m asking you to increase that amount so that it covers the full cost of the American Jobs Act. And a week from Monday, I’ll be releasing a more ambitious deficit plan – a plan that will not only cover the cost of this jobs bill, but stabilize our debt in the long run.
This approach is basically the one I’ve been advocating for months. In addition to the trillion dollars of spending cuts I’ve already signed into law, it’s a balanced plan that would reduce the deficit by making additional spending cuts; by making modest adjustments to health care programs like Medicare and Medicaid; and by reforming our tax code in a way that asks the wealthiest Americans and biggest corporations to pay their fair share. What’s more, the spending cuts wouldn’t happen so abruptly that they’d be a drag on our economy, or prevent us from helping small business and middle-class families get back on their feet right away.
Now, I realize there are some in my party who don’t think we should make any changes at all to Medicare and Medicaid, and I understand their concerns. But here’s the truth. Millions of Americans rely on Medicare in their retirement. And millions more will do so in the future. They pay for this benefit during their working years. They earn it. But with an aging population and rising health care costs, we are spending too fast to sustain the program. And if we don’t gradually reform the system while protecting current beneficiaries, it won’t be there when future retirees need it. We have to reform Medicare to strengthen it.
I’m also well aware that there are many Republicans who don’t believe we should raise taxes on those who are most fortunate and can best afford it. But here is what every American knows. While most people in this country struggle to make ends meet, a few of the most affluent citizens and corporations enjoy tax breaks and loopholes that nobody else gets. Right now, Buffet pays a lower tax rate than his secretary – an outrage he has asked us to fix. We need a tax code where everyone gets a fair shake, and everybody pays their fair share. And I believe the vast majority of wealthy Americans and CEOs are willing to do just that, if it helps the economy grow and gets our fiscal house in order.
I’ll also offer ideas to reform a corporate tax code that stands as a monument to special interest influence in . By eliminating pages of loopholes and deductions, we can lower one of the highest corporate tax rates in the world. Our tax code shouldn’t give an advantage to companies that can afford the best-connected lobbyists. It should give an advantage to companies that invest and create jobs here in America.
So we can reduce this deficit, pay down our debt, and pay for this jobs plan in the process. But in order to do this, we have to decide what our priorities are. We have to ask ourselves, “What’s the best way to grow the economy and create jobs?”
Should we keep tax loopholes for oil companies? Or should we use that money to give small business owners a tax credit when they hire new workers? Because we can’t afford to do both. Should we keep tax breaks for millionaires and billionaires? Or should we put teachers back to work so our kids can graduate ready for college and good jobs? Right now, we can’t afford to do both.
This isn’t political grandstanding. This isn’t class warfare. This is simple math. These are real choices that we have to make. And I’m pretty sure I know what most Americans would choose. It’s not even close. And it’s time for us to do what’s right for our future.
The American Jobs Act answers the urgent need to create jobs right away. But we can’t stop there. As I’ve argued since I ran for this office, we have to look beyond the immediate crisis and start building an economy that lasts into the future – an economy that creates good, middle-class jobs that pay well and offer security. We now live in a world where technology has made it possible for companies to take their business anywhere. If we want them to start here and stay here and hire here, we have to be able to out-build, out-educate, and out-innovate every other country on Earth.
This task, of making America more competitive for the long haul, is a job for all of us. For government and for private companies. For states and for local communities – and for every American citizen. All of us will have to up our game. All of us will have to change the way we do business.
My administration can and will take some steps to improve our competitiveness on our own. For example, if you’re a small business owner who has a contract with the federal government, we’re going to make sure you get paid a lot faster than you do now. We’re also planning to cut away the red tape that prevents too many rapidly-growing start-up companies from raising capital and going public. And to help responsible homeowners, we’re going to work with Federal housing agencies to help more people refinance their mortgages at interest rates that are now near 4% -- a step that can put more than $2,000 a year in a family’s pocket, and give a lift to an economy still burdened by the drop in housing prices.
Other steps will require Congressional action. Today you passed reform that will speed up the outdated patent process, so that entrepreneurs can turn a new idea into a new business as quickly as possible. That’s the kind of action we need. Now it’s time to clear the way for a series of trade agreements that would make it easier for American companies to sell their products in , , and – while also helping the workers whose jobs have been affected by global competition. If Americans can buy Kias and Hyundais, I want to see folks in South Korea driving Fords and Chevys and Chryslers. I want to see more products sold around the world stamped with three proud words: “Made in America.”
And on all of our efforts to strengthen competitiveness, we need to look for ways to work side-by-side with businesses. That’s why I’ve brought together a Jobs Council of leaders from different industries who are developing a wide range of new ideas to help companies grow and create jobs.
Already, we’ve mobilized business leaders to train 10,000 American engineers a year, by providing company internships and training. Other businesses are covering tuition for workers who learn new skills at community colleges. And we’re going to make sure the next generation of manufacturing takes root not in or , but right here, in the . If we provide the right incentives and support – and if we make sure our trading partners play by the rules – we can be the ones to build everything from fuel-efficient cars to advanced biofuels to semiconductors that are sold all over the world. That’s how America can be number one again. That’s how America will be number one again.
Now, I realize that some of you have a different theory on how to grow the economy. Some of you sincerely believe that the only solution to our economic challenges is to simply cut most government spending and eliminate most government regulations.
Well, I agree that we can’t afford wasteful spending, and I will continue to work with Congress to get rid of it. And I agree that there are some rules and regulations that put an unnecessary burden on businesses at a time when they can least afford it. That’s why I ordered a review of all government regulations. So far, we’ve identified over 500 reforms, which will save billions of dollars over the next few years. We should have no more regulation than the health, safety, and security of the American people require. Every rule should meet that common sense test.
But what we can’t do – what I won’t do – is let this economic crisis be used as an excuse to wipe out the basic protections that Americans have counted on for decades. I reject the idea that we need to ask people to choose between their jobs and their safety. I reject the argument that says for the economy to grow, we have to roll back protections that ban hidden fees by credit card companies, or rules that keep our kids from being exposed to mercury, or laws that prevent the health insurance industry from shortchanging patients. I reject the idea that we have to strip away collective bargaining rights to compete in a global economy. We shouldn’t be in a race to the bottom, where we try to offer the cheapest labor and the worst pollution standards. America should be in a race to the top. And I believe that’s a race we can win.
In fact, this larger notion that the only thing we can do to restore prosperity is just dismantle government, refund everyone’s money, let everyone write their own rules, and tell everyone they’re on their own – that’s not who we are. That’s not the story of America.
Yes, we are rugged individualists. Yes, we are strong and self-reliant. And it has been the drive and initiative of our workers and entrepreneurs that has made this economy the engine and envy of the world.
But there has always been another thread running throughout our history – a belief that we are all connected; and that there are some things we can only do together, as a nation.
We all remember Abraham Lincoln as the leader who saved our Union. But in the middle of a Civil War, he was also a leader who looked to the future – a Republican president who mobilized government to build the transcontinental railroad; launch the National Academy of Sciences; and set up the first land grant colleges. And leaders of both parties have followed the example he set.
Ask yourselves – where would we be right now if the people who sat here before us decided not to build our highways and our bridges; our dams and our airports? What would this country be like if we had chosen not to spend money on public high schools, or research universities, or community colleges? Millions of returning heroes, including my grandfather, had the opportunity to go to school because of the GI Bill. Where would we be if they hadn’t had that chance?
How many jobs would it have cost us if past Congresses decided not to support the basic research that led to the Internet and the computer chip? What kind of country would this be if this Chamber had voted down Social Security or Medicare just because it violated some rigid idea about what government could or could not do? How many Americans would have suffered as a result?
No single individual built America on their own. We built it together. We have been, and always will be, one nation, under God, indivisible, with liberty and justice for all; a nation with responsibilities to ourselves and with responsibilities to one another. Members of Congress, it is time for us to meet our responsibilities.
Every proposal I’ve laid out tonight is the kind that’s been supported by Democrats and Republicans in the past. Every proposal I’ve laid out tonight will be paid for. And every proposal is designed to meet the urgent needs of our people and our communities.
I know there’s been a lot of skepticism about whether the politics of the moment will allow us to pass this jobs plan – or any jobs plan. Already, we’re seeing the same old press releases and tweets flying back and forth. Already, the media has proclaimed that it’s impossible to bridge our differences. And maybe some of you have decided that those differences are so great that we can only resolve them at the ballot box.
But know this: the next election is fourteen months away. And the people who sent us here – the people who hired us to work for them – they don’t have the luxury of waiting fourteen months. Some of them are living week to week; paycheck to paycheck; even day to day. They need help, and they need it now.
I don’t pretend that this plan will solve all our problems. It shouldn’t be, nor will it be, the last plan of action we propose. What’s guided us from the start of this crisis hasn’t been the search for a silver bullet. It’s been a commitment to stay at it – to be persistent – to keep trying every new idea that works, and listen to every good proposal, no matter which party comes up with it.
Regardless of the arguments we’ve had in the past, regardless of the arguments we’ll have in the future, this plan is the right thing to do right now. You should pass it. And I intend to take that message to every corner of this country. I also ask every American who agrees to lift your voice and tell the people who are gathered here tonight that you want action now. Tell that doing nothing is not an option. Remind us that if we act as one nation, and one people, we have it within our power to meet this challenge.
President Kennedy once said, “Our problems are man-made – therefore they can be solved by man. And man can be as big as he wants.”
These are difficult years for our country. But we are Americans. We are tougher than the times that we live in, and we are bigger than our politics have been. So let’s meet the moment. Let’s get to work, and show the world once again why the remains the greatest nation on Earth. Thank you, God bless you, and may God bless the United States of America.