Author's posts

Today on The Stars Hollow Gazette

Our regular featured content-

our weekly features-

and these featured articles-

Join us Monday morning for ek hornbeck‘s Monday Business Edition

The Stars Hollow Gazette

This is an Open Thread

Today on The Stars Hollow Gazette

Our regular featured content-

our weekly features-

this featured article-

and at 8 AM tomorrow check out Punting the Pundits: Sunday Preview by TheMomCat to find out who is appearing on the Sunday talk shows so you don’t have to watch.

The Stars Hollow Gazette

This is an Open Thread

The Budget Battle: From Here To Thursday

Cross posted from The Stars Hollow Gazette

The Government has avoided a shut down in the last minutes, however, this isn’t over, by a long shot. While the Obama supporters will be touting tonight’s passing of a “Bridge CR” and agreement for the 2011 budget a “victory’, is it? Yes, they managed to remove some of the most egregious riders that the “Full Mooner” Tea Party Republicans were trying to jam through but it cost Obama almost $39 billion more than the $40 million that he originally proposed for a grand total of $79 billion in cuts that will only carry through until September that is if they pass it next Thursday. It still isn’t very clear just what is in that extra $39 billion in cuts.

There are still give aways in the bill which includes the riders to ban DC from using its own funds to pay for abortions for poor DC women and approval of the unpopular DC school vouchers which was opposed by the DC city council. So much for Republican respect for state’s rights.

Ezra Klein of the Washington Post sums it up, this is “2011 not 1995”:

The substance of this deal is bad. The rhetoric of it is worse.

The final compromise was $38.5 billion below 2010’s funding levels. That’s $78.5 billion below President Obama’s original budget proposal, which would’ve added $40 billion to 2010’s funding levels, and $6.5 billion below John Boehner’s original counteroffer, which would’ve subtracted $32 billion from 2010’s budget totals. In the end, the real negotiation was not between the Republicans and the Democrats, or even the Republicans and the White House. It was between John Boehner and the conservative wing of his party. And once that became clear, it turned out that Boehner’s original offer wasn’t even in the middle. It turns out to be slightly center-left.

But you would’ve never known it from President Obama’s comments following the conclusion of the negotiations. Obama bragged about “making the largest annual spending cut in our history.” Harry Reid repeatedly called the cuts “historic.” It fell to Boehner to give a clipped, businesslike statement on the deal. If you were just tuning in, you might’ve thought Boehner had been arguing for moderation, while both Obama and Reid sought to cut deeper. You would never have known that Democrats had spent months resisting these “historic” cuts, warning that they’d cost jobs and slow the recovery.

Although there will now be a separate Senate vote to cut Title X funding for Planned Parenthood, which will most likely fail, this is a major capitulation by Obama and the Democratic leadership that gives 1/6th of the government 2/3rds of the budget cuts it wanted. All of these riders will appear again and again and many will pass the House and, perhaps, even the Senate. What matters more to Obama than anything else is his notion of “bipartisanship” which is shifting this country further and further to the right to the detriment of the majority if Americans and the future.

Nice spelunking by the Spelunker-in-Chief.

Today on The Stars Hollow Gazette

Our regular featured content-

and these featured articles-

The Stars Hollow Gazette

This is an Open Thread

Deja Vu All Over Again

Cross posted from The Stars Hollow Gazette

There has been this aura of sameness about the current budget stand off and the past. The impasse is not about money, it’s about ideology concerning women’s reproductive rights and the environment. The Tea Party Republicans refuse to remove the riders that would block funding to Planned parenthood, ban the District of Columbia from using its own funds to pay for abortions and severely restrict the EPA ability to regulate emissions and green house gases. Meetings at the White House, while productive about the amount of money set to be cut from the long-term budget:

Senate Majority Leader, Harry Reid said Thursday that he is “not nearly as optimistic” as he was last night about avoiding a government shutdown before a Friday deadline, saying of a federal funding gap: “it looks like it’s headed in that direction.”

The Democratic leader said that the two sides have essentially agreed on the amount of money set to be cut from the long-term budget but that Republicans have drawn a line in the sand over “ideology”  – including policy issues dealing with funding for Planned Parenthood and the Environmental Protection Agency.

“Our differences are no longer over the savings we get on government spending, Reid said. “The only thing holding up an agreement is ideology.”

The President has reasonably suggested that a “clean bill” to extend the budget for one week and a provision that the troops would be paid in the event of a government shut down was rejected by the Tea Party who passed a bill this afternoon they know the President will veto, if it even gets past the Senate.

We’ve been there before in 1995 with the same issue over women’s reproductive rights and the so-called less government gang insisting on interfering with matters that should be between a woman and her doctor. But no, they can’t give it up:

   “Gingrich and Dole are offering the funding and higher-debt bills but have loaded them with ‘riders’ such as the Medicare bill that the president won’t accept and with other items such as limits on appeals by death-row inmates. [Denver Post, 11/15/95]

   “One of the largest spending bills, for the Commerce, Justice and State Departments, is still being negotiated because it has riders on social issues like school prayer. The spending bill for the District of Columbia has been bogged down over a provision to bar Federal money to pay for abortions in the District and would prohibit public hospitals and clinics from offering abortion services.” [New York Times, 11/29/95]

   “Congress has been unable to send any bill to the president because of the excessive number of anti-environmental riders.” [U.S. Newswire, 12/8/95]

The fanatics just can’t let go of some issues so women should incorporate their uteruses as the Florida ACLU has suggested:

Incorporate Your Uterus

…before some politician gets between you and your M.D.

Of course, you can’t legally Incorporate Your Uterus, but you can online. And by doing so, you can send a message to the Florida Legislature that less regulation and government intrusion begins with a woman’s uterus. So “Incorporate Your Uterus” below, sign-up to receive updates about the important fight going on in Tallahassee and utilize our social networking tools to spread the word about this critical effort. After all, no politician should get between a woman and her doctor.

Learn how you can “Incorporate Your Uterus”

Time To Stand Up To The Radical Right, Barack

Cross posted from The Stars Hollow Gazette

The Federal Government is being held hostage by a few radical right corporate puppets that want to destroy this country’s social safety net and further shift the wealth from majority to the wealthy with more tax cuts for corporations, millionaires and estates and destroy Medicare and Mediciad for the elderly and neediest Americans. The assault is now be led by the pretty boy, Paul Ryan (R-WI), who defeated Russ Feingold in November (a lot of buyer’s remorse in that state). Last night President Obama had a late night meeting with Senate Majority Leader, Harry Reid and Speaker of the House John Boehner with no success at a compromise to avoid a shut down of the federal government this weekend. For what’s at stake here, Mike Lux hits it on the head, “All the hue and cry about this year’s budget fight – whether or not we’ll have a government shutdown; whether we’ll cut $33 billion or $40 billion out of the remainder of this year’s budget – is a minor sideshow compared to the implications of the Ryan budget.”

Mike explains just what those some of those implications are for senior citizens:

With his proposal, Ryan will radically cut and privatize Medicare, ending the guarantee of health care to our senior citizens; radically cut Medicaid and throw it into a block-grant program that will end any guarantee of coverage for the poor, people with disabilities, and many, many children; deliver breathtakingly large tax cuts to the wealthy while raising taxes for the middle class. As far as I can tell, more than 90 percent of his cuts impact either low-income people or senior citizens who are currently middle class but might no longer be if these Social Security and Medicare cuts go through. As to who benefits, while some things remain vague (like which middle-class taxes will have to go up to cut down the revenue losses because of lower taxes in the high-end brackets), it is likely that more than 90 percent of the benefits go to the very wealthy, who not only get to keep their Bush tax cuts but get some big and lucrative new tax cuts besides. As Citizens for Tax Justice (pdf) notes, under Ryan’s proposal, the federal government would collect $2 trillion less over the next decade, yet require the bottom 90 percent to actually pay higher taxes. Ryan leaves a lot details out, but if you read in between the lines, it is clear that the reason certain details are missing is because of how awful they are.

snip

Without Social Security, Medicare, and Medicaid, retirees would live in poverty, and family incomes would be wiped out trying to take care of parents, grandparents, and disabled family members. Without unions, wages and benefits would be ever more stagnant, or would decline in many sectors. Without student loans, fewer young and poor people would make it onto the first rungs of the ladder into the middle class. Without rebuilding our infrastructure and investing in our schools, fewer American businesses would be able to compete in the world economy. Without research and other government investments, the technological breakthroughs that have helped fuel our economic growth over the last 70 years would stop happening. And without some restraint on the power of multinational companies, our economy would be rocked by more financial collapses, and our pluralistic democracy will get more and more dysfunctional.

And this is what the callously, heartless, self centered, Tea Partier, Republican Eric Cantor said the other day:

So 50 percent of beneficiaries under the Social Security program use those moneys as their sole source of income. So we’ve got to protect today’s seniors. But for the rest of us? Listen, we’re going to grips with the fact that these programs cannot exist if we want America to be what we want America to be.”

According to the Congressional Budget Office‘s (CBO) analysis of Ryan’s plan:

1. SENIORS WOULD PAY MORE FOR HEALTH CARE

2. ELDERLY AND DISABLED WOULD LOSE MEDICAID COVERAGE

3. THIRTY-TWO MILLION AMERICANS WOULD LOSE HEALTH COVERAGE (pdf)

4. SHORT TERM DEBT INCREASES RELATIVE TO CURRENT LAW

5. NO CONFIRMATION ON TAX REVENUES (pdf)

The rest of it is even worse and pure fantasy that included “wildly optimistic revenue assumptions that dramatically changed the effect the plan would have on the federal debt.”

OK, Barack, it’s time for you to not cross that line you drew and stand up for the people.

Today on The Stars Hollow Gazette

Our regular featured content-

and these featured articles-

The Stars Hollow Gazette

This is an Open Thread

Kicked Once Too Often: I’m Out, Barack

Cross posted from The Stars Hollow Gazette

Not that I was ever in but I was willing to give Barack Obama the benefit of the doubt once he was elected but since kicking his base supporters off the bus in the middle of the desert, I can’t even hold my nose to vote for him. As was pointed out in a Raw Story article, these are just a few of the reasons:

1. Health care for all

If you’re an American making less than $30,000 a year, chances are you still have trouble seeing a doctor, despite the passage of President Obama’s health care reform plan. In 2007, then-Senator Obama said he wanted to make sure no American is without access to vital medical attention and proposed using revenues from the soon-to-expire Bush tax cuts to fund it. When the campaign laid out their specific plans in 2008, they included a “public option” that would be paid for by the public at large and made available to anyone who could not obtain coverage through their employer or other public program.

We all know how well that turned out, a massive sell out to the health insurance  and pharmaceutical industry and a cave ro extending the Bush (er, Obama) tax cuts. Yes, the consumer is forced to buy an inadequate insurance policy and still not have access to a doctor but hey, they’re insured. Now the Republicans are attacking Medicare and Medicaid so the government can fund more imperial wars and buy bigger and better weapons while giving the wealthy even more tax cuts.

2. Close Guantanamo

As a symbol of everything that liberals thought to be wrong with the Bush-era, closing the Guantanamo Bay military prison in Cuba should have been an easy target for the new and popular president and his Democratic super-majority in Congress — and, in fact, then-candidate Obama promised to do just that. But as he soon found out, strategic and political calculations have made it almost impossible to shuck.

Now we have even bigger and better military tribunals, no trials in civilian courts for those scary men in Guantanamo and for 47 of them, the possibility no trial ever and the rest of their lives in detention all in the name of the never ending War on Terror (On wait, we don’t call it that any more).

3. Defend labor rights

“Understand this,” Obama said during a campaign rally in 2007. “If American workers are being denied their right to organize and collectively bargain when I’m in the White House, I will put on a comfortable pair of shoes myself, I’ll will walk on that picket line with you as President of the United States of America.” (Watch.)

He can’t find his comfy shoes? Michelle must have tossed them when they moved into the executive mansion. Truthfully, at this  point, it’s is best he stay away and silent.

4. Reform the Patriot Act

Contrary to popular belief, Obama has never actually argued for a repeal of the Bush administration’s sweeping, post-9/11 security initiatives, which were passed with a mandatory “sunset” clause to overrule the concerns of civil libertarians at the time. Instead, Obama has consistently said he favors enhanced judicial oversight and a pullback from some warrantless searches — like the provisions that allow the FBI to access library records without a warrant.

Obama “reformed” it all right. Besides defending it in court, he got it extended even for even longer than the Republicans wanted without any changes. This extends the governments ability to spy on every private citizen until 2013, a non-election year, when it comes up for renewal again.

5. End the wars

Even as a candidate, Obama maintained that Afghanistan should be “the focus” of Bush’s terror war, and he pledged to make it so. But the president was also swept into power on a wave of anti-war fervor behind his calls to end the occupation of Iraq. Iraq has calmed down quite a bit as U.S. troops steadily stream out of the country, but Afghanistan is more violent than ever amid Obama’s own “surge.”

The US will have troops in Iraq and Afghanistan for years. But, but, his loyalist supporters say, they aren’t “combat troops”. I hate to tell them but ALL troops are “combat troops”. Not only this, now there is the bombardment of Pakistan, Yemen and Libya.

One day after announcing his bid for reelection, Obama’s poll numbers show less than half the country believes President Obama deserves reelection, with disaffected liberals now a fast growing demographic and independents split. Would the country have been better off with McCain or Hillary as President is useless speculation. All that is important now is Dick Cheney is pleased.

Today on The Stars Hollow Gazette

Our regular featured content-

Wednesday is mishima‘s well deserved day off

and these featured articles-

The Stars Hollow Gazette

This is an Open Thread

Health and Fitness News

Welcome to the Health and Fitness weekly diary which is cross-posted from The Stars Hollow Gazette. It is open for discussion about health related issues including diet, exercise, health and health care issues, as well as, tips on what you can do when there is a medical emergency. Also an opportunity to share and exchange your favorite healthy recipes.

Questions are encouraged and I will answer to the best of my ability. If I can’t, I will try to steer you in the right direction. Naturally, I cannot give individual medical advice for personal health issues. I can give you information about medical conditions and the current treatments available.

You can now find past Health and Fitness News diaries here and on the right hand side of the Front Page.

A Versatile Vegetable for a Chilly Spring

Photobucket

Spring vegetables aren’t here quiet yet – and if the weather doesn’t improve soon, they may not arrive for a while. Until then, there’s a fine alternative: Swiss chard.

This leafy green, hearty enough to withstand the cold but more delicate in flavor than kale and collards, has been finding its way into all sorts of comforting dishes in my kitchen, from pastas to soups to stir-fries. It’s the most versatile of greens, and an excellent source of calcium and potassium, vitamin C, vitamin A and beta-carotene.

Orecchiette With Swiss Chard, Red Peppers and Goat Cheese

Onion Pizza With Ricotta and Chard

Bruschetta With Swiss Chard and Smoked Trout

Swiss Chard and Chickpea Minestrone

Stir-Fried Swiss Chard and Red Peppers

Today on The Stars Hollow Gazette

Our regular featured content-

and these featured articles-

The Stars Hollow Gazette

This is an Open Thread

The MSM Notices Foreclosure Fraud

Cross Posted from The Stars Hollow Gazette

The CBS News program, “60 Minutes” aired a Mortgage paperwork mess: the next housing shock? segment on foreclosure fraud which, as most economists agree, is the biggest threat to the US economy. Scott Pelley looks for the answer and a at the possible solutions to the question of “who owns your mortgage”:

It’s bizarre but, it turns out, Wall Street cut corners when it created those mortgage-backed investments that triggered the financial collapse. Now that banks want to evict people, they’re unwinding these exotic investments to find, that often, the legal documents behind the mortgages aren’t there. Caught in a jam of their own making, some companies appear to be resorting to forgery and phony paperwork to throw people – down on their luck – out of their homes.

Sheila Bair, Chairperson of the FDIC, says she will call for a clean-up super fund

   Banks so poorly handled documentation on millions of mortgages that many today cannot prove that they own the homes they want to foreclose on. The resulting rash of lawsuits from people seeking to save their homes has one of the government’s top banking regulators worried that the torrent of litigation will delay the real estate market’s recovery.

   Federal Deposit Insurance Corporation Chair Sheila Bair tells Scott Pelley banks should be forced to contribute billions to a clean-up fund that will help stressed homeowners stay in their homes and stave off lawsuits – there are 30,000 already – that threaten the economic rebound […]

   Like last year, banks are expected to foreclose on a million mortgages this year, a scenario that could generate more lawsuits over mismanaged paperwork. “I think that this litigation could easily get out of control,” says Bair. “…We’re already feeling like we’re falling behind it,” She thinks a large clean-up pool funded by the banks that would pay homeowners to accept a bank’s ownership claim without a lawsuit is necessary. “I would assume it would be billions [that the fund would need],” Bair tells Pelley.

But as, David Dayen points out, this “super fund” would not stop any claims in state courts on behalf of homeowners, federal regulators don’t have the authority to do that.

And the more banks resist it, the more liable they will become. In an important case this week, a judge in Alabama dismissed a foreclosure because the bank failed to comply with the pooling and servicing agreement for transferring mortgages to the trust. This would be a stunning ruling if applied broadly, though whether or not it will stand as precedent across other states remains to be seen; it’s far too early in the process to determine that. But we know that banks simply did not convey mortgages to trusts properly as a general rule. Foreclosure fraud can be seen as a coverup for that original sin. And if state courts are starting to make rulings based on that sin, banks will be stuck and unable to pursue foreclosures on tens of millions of loans.

The ruling in favor of the borrower endorses an argument we have made since last year on this blog, that the pooling and servicing agreement stipulated a specific set of transfers be undertaken to convey the borrower note (the IOU) to the securitization trust within a specified time frame. New York trust law was chosen to govern the trusts precisely because it is unforgiving; any act not specifically stipulated by the governing documents is deemed to be a “void act” and has no legal force. So if a the parties to a securitization failed to convey a note to the trust within the stipulated timetable, retroactive fixes don’t work. In this case, the note had been endorsed by the originator, Encore, but not by the later parties in the securitization chain as required in the pooling and servicing agreement.

Yves Smith at naked capitalism, has a problem with what Bair said:

One aspect that is distressing is that per her remarks in this clip, Sheila Bair does not appear to understand or worse, understands but is not willing to admit the seriousness of the chain of title issues. Often, the banks botched the transfer process in such a fundamental manner that retroactive fixes are not possible. This isn’t a matter of “if the banks spend enough time, they can prove the trust they are acting for owns the note” as Bair contends. It’s that in many cases the note didn’t get to the trust as stipulated, and the trust doesn’t have the ability under New York law, which governs virtually all of these trusts, to accept it now. A party earlier in the securitization chain is typically the owner, but no one wants that party to foreclose, since it would confirm the failure to handle the assignment of the note properly.

I’m not so sure that this Congress would be amenable to another multi-billion dollar bail out but this is a better proposal that the one that would strip homeowners of their right to due process.

(all emphasis is mine)

Load more