Young graduates are in debt, out of work and on their parents’ couches. People in their 30s and 40s can’t afford to buy homes or have children. Retirees are earning near-zero interest on their savings. In the current listless economy, every generation has a claim to having been most injured. But the Labor Department’s latest jobs snapshot and other recent data reports present a strong case for crowning baby boomers as the greatest victims of the recession and its grim aftermath. These Americans in their 50s and early 60s — those near retirement age who do not yet
Comments: America has been transformed. Doncha like it?
I was particularly amused by the sentence from the NY Times article - "Their retirement savings and home values fell sharply at the worst possible time: just before they needed to cash out."
Guess it beats saying, "Their retirement AND home values were wiped out by a liberal president who demanded banks loan money to people who clearly couldn´t pay it back - thus driving home prices artificially thru the roof and taking most of the rest of the economy down with ´em when government policy failed utterly. Again."
Whew. That calls for a drink. Mebbe an Ethanol and tonic?
And yet..and yet more than 50% of these sheeple twice in four years will go out and freely vote the exact reason for their misery into power. One can understand the functionally illiterate LoFos - He give free phones, he gonna do more! But these are educated people. Scary!!
Yeah,..between the low info college degrees of the past 40 years, and television, there isn´t much left of "intellectual" America. Don´t get me wrong...there are plenty of people who think they are intellectual. I don´t count myself as intelligentsia, but I get the impression from a lot of people they think they are brilliant, and they walked right out there and voted for Obama.
The "educated" lofos are proudly innumerate, devoid of intellectual curiosity and still trying to get revenge against their parents for something that happened 40 or 50 years ago. All you need to do is say it´s the Republicans´ fault and they will look no further.
Still recall he 2008 experience of driving past what were then $3 to $4 million mega-mansions in the upscale towns of Westport and Weston, CT. The more pretentious the home, the more likely there was an Obama sign calling for Hope & Change. My wife & I were confused as to what the owners of these enormous houses wanted to change. They didn´t send their children into the military. They really didn´t want "them" living nearby, and with their 2 to 4 acre lots, couldn´t see them anyway. They all vacationed in the best places, drove European cars and seemingly enjoyed the life most aspired to achieve.
Yet, these wealthy suburbanites wanted an obscure, inexperienced, 1/2 term senator to fundamentally transform the country. Why? And, why are they so willing to support the more womanly version of Obama with Hillary?
The real estate meltdown - the source of the Great Recession was pre-Obama. It was, to use a snarky over-used phrase, Bush´s fault. He let in the 10 million of so illegals, that helped drive up demand for housing. In 2002, he pushed banks, FNMA, etc to lend to minorities at zero down. Yes, the Dems loved this stuff, and under Clinton and Reuben, the financial sector was relieved of all those fuddy-duddy Depression-era reforms (Glass–Steagall Act, etc.), that allowed banks to behave so badly - but it was (examine the timing) Bush´s Compassionate Conservatism (aka as Country-Club Conservatism) that did us in.
What Obama has mainly done wrong since is (1) regulate our economy into a permanent slump. (2) reward dependency by encouraging the expansion of government entitlements.
Folks here are wise but have not looked back far enough. This economic mess started with the Community Reinvestment Act in the 1990´s wherein Government mandated ( submit or be penalized ) mortgage lenders to "give" homes to people that were bad risks for repayment in hopes they would become part of the American Dream. It snowballed from there with the Government, Congress, Rating Agencies, Quasi-Government Agencies, lenders, and foolish buyers all taking a part in the debacle. All had a hand in creating the problem but the Government was the initial and primary culprit. Its all laid on in historical sequence in various internet articles.
My confusion exactly, #12. During the Bush years, things were going quite well but everyone was miserable because the MSM got them to believe "Good is Bad." And then the MSM got everyone to believe "Bad is Good," twice, no less!
..And Dodd & Frank are guaranteed Federal incomes for life. ...There ´otta´ be a law against lifetime pensions provided by taxpayers for dishonorable, (-and worse!), former Boomtown, ´lawmakers,´ who should be accountable for policies in violation of their oaths of office to, ´protect and defend the U.S.A.´
Dodd/Frank´s mortgage fiasco and Rep. Al Swift´s, ´Motor Voter,´ legislation, together are hurting America the Beautiful immeasurably abd increasingly. Pres. Reagan reminded us that freedom can be lost in just one generation. Will the USA be recognizable in 20 years with such increasing statist legislation regarding EVERYTHING conceivable in American life?!
For many Ann Arborites, Thanksgiving is a day devoted to giving thanks, spending time with family, eating turkey and watching the Detroit Lions. This year, retail giants want that to change. (Snip) The early openings change the game for retail giants looking to boost profits through aggressive holiday sales. It also means millions of retail employees in the U.S. are working on the holiday, and it poses the question to consumers: Is a bargain on a 70-inch television or an Apple iPad worth ditching Thanksgiving dinner? “You couldn’t pay me to stand in a line in the cold on Thanksgiving
Macy´s Inc and a slew of other U.S. retailers are opening on Thanksgiving for the first time ever in a bare-knuckled brawl for a bigger slice of overall holiday sales. But it might not be so easy to lure most Americans from their turkey and football - particularly if the weather is foul. Department store rivals Kohl´s Corp and J.C. Penney Co Inc led a string of Thanksgiving opening announcements after Macy´s said it would open its U.S. stores on the popular holiday, ending a 155-year tradition. Sales trends, survey results and an online "Save Thanksgiving" backlash suggest that shoppers
The captain of a Greenpeace ship released on bail after two months of detention in a Russian prison following an Arctic protest said he and his fellow activists remain in shock at their treatment. American Peter Willcox, who was also in charge of Greenpeace’s Rainbow Warrior when it was sunk in Auckland in 1985 by a bomb planted by the French intelligence service, said the organization again found itself in the crosshairs of a government bent on throttling the environmental group. “There is a similarity between the two cases,” with both the French and Russian governments targeting Greenpeace to prevent
DENVER - 9Wants to Know has learned federal investigators believe Colombian drug cartels have taken root within Colorado´s medical marijuana industry. On Thursday, federal agents from the Drug Enforcement Agency and Internal Revenue Service executed search warrants on several medical marijuana shops in Denver and Boulder. One of those shops is VIP Cannabis, a shop near Federal Boulevard and Alameda Avenue. Numerous calls into VIP Cannabis by 9Wants to Know have not been returned. While the warrants and other documents relating to the investigation are under court-ordered seal, sources spoke on the condition of anonymity to 9Wants to Know.
Minorities continue to offer a bulwark of support for the Affordable Care Act, according to the latest United Technologies/National Journal Congressional Connection Poll. But the deepening discrepancy between their views of Obamacare and their support for President Obama´s reelection last year shows skepticism about whether the big social-welfare program has worked touched even the White House´s most ardent supporters. A battery of questions about who benefits from the health care law, whether it should be repealed, and what´s to blame for its rocky rollout all reveal a portion of the electorate that´s far more favorable to the sweeping reform than
WASHINGTON - President Barack Obama´s signature health law has helped spur stronger economic growth by contributing to slower increases in healthcare prices and spending, the White House said on Wednesday. The White House´s assertion of the economic benefits of the law commonly called Obamacare runs counter to the views of many critics, who say it is raising insurance premiums and chilling job creation. (Snip) "The government´s non-partisan actuaries report this is the result of the terrible economy under President Obama, not his health care law," Boehner press secretary Brendan Buck said in an email.
The Obama administration has not always been great at selling its agenda, but the president´s adoption of the right-wing slur "Obamacare" as a prideful new name for the Affordable Care Act has been a notable exception. We often think the proper response to being called a dirty name is to object. That´s a good first step, but in the long term, the judo approach is constructive -- hurl the power being used against you back to your opponent. For example, in 1968 William F. Buckley could offend Gore Vidal by calling him a "queer" on television. Today, the line would
President Obama on Tuesday sought to redirect some of the political blame for the botched rollout of the federal health insurance exchange to Republicans, characterizing GOP lawmakers as rooting for the law’s failure. Addressing a gathering of business executives, Obama acknowledged that the health-care rollout “has been rough, to say the least,” and he lamented the government’s archaic information-technology procurement system. Obama said that fixes to the HealthCare.gov Web portal are underway and that the exchange will function for a majority of people by the end of November. But the president said staunch opposition from congressional Republicans is inhibiting the
Oregon, a state that fully embraced the Affordable Care Act, is enduring one of the rockiest rollouts of President Back Obama´s signature health care law, with an inoperative online exchange that has yet to enroll a single subscriber, requiring thousands to apply on paper instead. Unlike most other states, Oregon set an ambitious course to make its insurance exchange, dubbed Cover Oregon, an "all-in-one" website for every individual seeking health coverage, including those who are eligible for Medicaid. But instead of serving as a national model, Oregon´s experience has emerged as a cautionary tale, inviting comparisons to technical glitches that
The 26-second film often regarded as the most famous home movie in history was shot by a Texas dressmaker who initially didn´t even bring his camera to work on the overcast day of President John F. Kennedy´s assassination. Abraham Zapruder, 58 years old at the time, was a dress manufacturer who owned Jennifer Juniors, Inc., which was located across the street from the Texas School Book Depository. Zapruder, a Kennedy fan, left his Bell & Howell film camera at home since the morning was overcast. At lunchtime, Zapruder´s assistant urged him to go home and get the camera before the
The headlines seemed to come in a rapid-fire rhetorical onslaught. “Fighting for His Presidency … Does Obama Have Any Cred Left? … Does the health-care fumble mean game over for Obama? … The five biggest ways Obamacare’s problems have hurt Democrats … Is This Obama’s Katrina? … Obama needs his friends back.” If President Obama has had a worse week than the one just ending, it’s hard to remember. He had to apologize for the Affordable Care Act computer problems that have turned out to be far more than “glitches.” He acknowledged having misspoke – Republicans say he lied – when
Just months before Healthcare.gov launched, senior Obama administration officials questioned whether the website’s developers would meet the Oct. 1 target launch date and expressed anxiety that after several benchmarks were missed, a condensed schedule to test the site could be inadequate. That’s according to a series of documents provided to congressional investigators by the Department of Health and Human Services. In emails sent between July 8 and July 20, administration officials discussed their sworn testimony pledging to meet the Oct. 1 deadline while at the same time officials were privately concerned that the entire launch was in jeopardy with the
Rush Limbaugh and Sarah Palin are starting to sour on the new pope. In response to Pope Francis’ first Apostolic Exhortation, in which the pontiff denounced “trickle-down theories which assume that economic growth, encouraged by a free market, will inevitably succeed in bringing about greater justice and inclusiveness in the world,” these two paragons of the far right – both of whom regularly invoke the teachings of Jesus to bolster their own political views – have suddenly turned their backs on the man whose actual job description is to speak for Jesus. Sarah Palin complained that Pope Francis sounded “kind
President Obama requested Israeli Prime Minister Benjamin Netanyahu take a “breather” from his harsh criticism of the U.S. strategy regarding Iran during a call betwee the two leaders, The Washington Post reported on Thursday. The request came as the administration girds up for a push in the next six months to reach a final settlement on Iran´s nuclear program. The president reportedly urged Netanyahu to tone down his rhetoric for the sake of diplomacy and urged him to dispatch officials to Washington who could help negotiate a resolution agreeable to both countries. The president called Netanyahu last Sunday, promising to
In 1947, Sen. Harley Kilgore (D-W.Va.) condemned a proposed constitutional amendment that would restrict presidents to two terms. “The executive’s effectiveness will be seriously impaired,” Kilgore argued on the Senate floor, “ as no one will obey and respect him if he knows that the executive cannot run again.” I’ve been thinking about Kilgore’s comments as I watch President Obama, whose approval rating has dipped to 37?percent in CBS News polling — the lowest ever for him — during the troubled rollout of his health-care reform. Many of Obama’s fellow Democrats have distanced themselves from the reform and from the president.
Cher told her fans on Wednesday that she does not celebrate Thanksgiving. In fact, she appears to deplore the American holiday, calling in the “beginning of a great crime.” Cher said that the American settlers were guilty of taking land from native Americans who had no concept of property ownership and also intentionally infected them with smallpox. “You don’t celebrate the holiday I thought?” a fan asked Cher. “I DON’T,” Cher replied emphatically. She said that, to her, Thanksgiving is a day to see family, eat food together and watch a movie. “Not 2 celebrate the beginning of a GREAT Crime.” When asked
For all the gnashing of teeth over the lack of comity and civility in Washington, the real problem is not etiquette but the breakdown of political norms, legislative and constitutional. Such as the one just spectacularly blown up in the Senate. To get three judges onto a coveted circuit court, frustrated Democrats abolished the filibuster for executive appointments and (non-Supreme Court) judicial nominations. The problem is not the change itself. It’s fine that a president staffing his administration should need 51 votes rather than 60. Doing so for judicial appointments, which are for life, is a bit dicier. Nonetheless, for
Four more years. 10 trillion more dollars in debt. And by the end of it, we’ll have a nuclear war in the Middle East and mandates forcing you to buy everything from electric cars to Michelle Obama’s trademark Soy and Asphalt pie. The motives behind the Washington Post op-ed argument are… revealing. I watch President Obama, whose approval rating has dipped to 37?percent in CBS News polling — the lowest ever for him — during the troubled rollout of his health-care reform. Many of Obama’s fellow Democrats have distanced themselves from the reform and from the president. Even former president Bill Clinton
President Obama's weekly remarks: Hi, everybody. On behalf of all the Obamas — Michelle, Malia, Sasha, Bo, and the newest member of our family, Sunny — I want to wish you a happy and healthy Thanksgiving. We’ll be spending today just like many of you — sitting down with family and friends to eat some good food, tell stories, watch a little football and. most importantly, count our blessings. And as Americans, we have so much to be thankful for.
LEE COUNTY - The Lee County Sheriff´s Office has arrested a juvenile in connection with two random attacks reported in Lee County. Traveshia Blanks, of Fort Myers, is charged with two counts of battery on a person 65 years of age or older. On Tuesday around 3:50 p.m., deputies responded to a report of a group of people who randomly attacked an unsuspecting victim (Snip)We talked to students from nearby Cypress Lake High School who didn´t seem to think the teens did anything wrong. "I´m not gonna say it´s not right and it´s not fun, because it is fun," said
One day after a new poll showed that only a minority of Americans trust President Barack Obama, the president told an audience that his policies are based on kindness. “Kindness covers all of my political beliefs,” Obama told his audience of wealthy investors, high-tech donors, journalists and fellow Democrats Tuesday, only two months after he slashed at GOP legislators, calling them arsonists, nuclear blackmailers, economic wreckers, hostage-takers, obsessives and irresponsible extremists. “When I think about what I’m fighting for, what gets me up every single day, [kindness] captures it just about as much as anything,” he told his audience at the DreamWorks
For Kentucky Sen. Mitch McConnell, enough was enough. The Senate´s top Republican had watched a Tea Party-driven government shutdown sink the GOP´s already-weak brand and jeopardize McConnell´s own chances of ever becoming majority leader. The solution, he concluded, was that the party´s so-called Establishment had to start fighting back against its most conservative wing. McConnell, an ardent Obamacare opponent, and other Republican pragmatists in Congress, supported the conservatives´ mission to defund Obamacare during budget negotiations, which led to the 16-day shutdown. But the pragmatists also accepted that their odds of success were virtually nil. Democrats ruled the Senate and White House, those
Progressive talk radio needs a savior. Just a few dozen stations now carry liberal talkers, as key affiliates in cities with active left-wing politics are falling like dominoes, going dark or switching formats. Detroit’s progressive outlet shut down in January, along with Seattle’s liberal talk station, which changed to sports. And after last year’s election, Portland’s progressive talk station ended its political programming. With the political battlegrounds of 2014 and 2016 on the horizon, reducing the whopping imbalance between conservative radio, with its huge fan base, and the left has become more important than ever, according to those in
When 200 of CGI Federal´s top managers gathered at the luxurious Nemacolin Woodlands Resort in southwestern Pennsylvania on a brisk day in early November 2009, they found time for business - and high jinks. CGI Federal and its parent company, CGI, do behind-the-scenes work, often with "Top Secret" clearance, for hundreds of American and foreign government agencies - from the U.S. Nuclear Regulatory Commission and State Department to the Kyrgyzstan Border Service and World Anti-Doping Agency. But the questions swirling around the company go beyond how it mangled the showpiece reform of Obama´s presidency. Some investors and analysts are expressing concerns