Saturday, October 29, 2011


President's Weekly Address

" We Can't Wait "

To Strengthen The Economy

and To Create Jobs

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.


Subscribers CLICK B4B MAIN PAGE for video

Thursday, October 27, 2011

Office of the Press Secretary

October 25, 2011


“Help Americans Manage Student Loan Debt”

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.

For example:

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
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

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.

For example:
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 ( 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


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, You can also follow him at

B4B Home Page

Revealed !

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.

B4B Home Page


'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)

B4B Home Page

President Obama Speaks Out
Regarding Death of Muammar Qadaffi


Office of the Press Secretary


For Immediate Release October 20, 2011



Rose Garden

2:07 P.M. EDT

THE PRESIDENT: Good afternoon, everybody. Today, the government of Libya 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 Iraq and have begun a transition in Afghanistan. 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

WATCH: Complete VideoPresident Obama's Speech at
The Martin Luther King Jr.
Memorial Dedication


Subscribers CLICK B4B MAIN PAGE for video

Saturday, October 1, 2011

1st Lady Shops at Target:

Incognito and Unrecognized !

LOVE Our 1st Lady !
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.


Subscribers CLICK B4B MAIN PAGE for video