In case this letter has not been posted, it is GREAT
My favorite paragraph
“Now, that is not to say there is not much more to do, because of course there certainly is, and another four years would be a good start. But no president has ever been perfect, and this one should not be exempted from that rule. But I’m puzzled as to why some would want to believe that the majority of a particular minority group, who stood by FDR even as FDR basically cut them out of the new Social Security program as a compromise with Southern Democrats to get the bill passed, and who idolized JFK without gaining the rights that they were fighting for at the time, and who supported Bill Clinton, who gutted welfare, signed NAFTA, and then lied about having sex with “that” woman, would now be encouraged to drop their support of a black president who has done what I have listed in such a short time amidst political provocateurs and opportunists throwing rocks at him from the Left and the Right. It makes no common sense to me. In fact, it only tells me that we must insure that our community is well informed, so that we all hold steadfast, even as the most spoiled and entitled in this nation attempt to hoodwink us into believing that somehow we are worse off with this president than we have been with any other.”
Dear Rep. Barbara Lee, Chair of the Congressional Black Caucus, Can We Talk?
WIW, thanks for sharing this excellent letter, and thanks for all the wonderful work you do to promote positive news.
This was a great interview. I watched in on c-Span last night. Lots of research!!!
Q & A is my all time favorite show on cspan.
Thank you Lord for Rev Al Sharpton and his show “Politics Nation.” He restores my political sanity after the mess of nincompoops who come on before him on all news channels. He is on fire today. He was like this is Politics Nation with a big “P” not a little p. We’re not here for petty games, we’re here to tell THE TRUTH! And boy has he been telling the truth. He went head on and called out the states (both GOP and Dem) who are pushing abhorent restrictive voter resgistration laws against African-Americans, college students and others who vote democrat. He called out the whiny emoprogs who complain on tv (ahem Hamsher and the like) about the GOP and their nefarious dealings yet behind the scenes they’re closely working with said nefarious GOP to undermine our rights and rewrite laws. He was like; You’re Hypocrites!
He had on Joe Barton of the BP apology tour fame. He was the guy who apologized to BP Execs because their feelings and pocketbook were hurt by big bad President Obama who made rightfully made them pay $20 billion for the gulf oil spill catastrophe they created. Rev Al took him to the cleaners. Barton was all like I’m so happy to be the first republican to appear on the official first day of your show and this is going to be fun and yadi yada yah. Rev Al told him, by the time I’m finished with you, you might not be so happy and boy was he right. Rev Al cleaned his clock and made him look like a fool for defending Eric Cantor and his insane comments regarding hurricane relief aid package.
Ahhhhhhhh…………………..bliss. WE WANT MORE! WE WANT MORE! WE WANT MORE! WE WANT MORE!
UT, thanks for the update. Also, Kudos & congratulations to Rev Al for his new show “Politics Nation.” Chipsticks thanks for this post very interesting information.
An article about Senator Boxer’s push for Fannie Mae and Freddie Mac to allow homeowners to refinance underwater mortgages.
Boxer urges White House to enact plan to help homeowners lower their home loan payments
We need to send her our support
Oakland, CA 94607
(202) 224-0454 fax
Fresno, CA 93721
(202) 228-3864 fax
Riverside, CA 92501
(202) 228-3868 fax
Los Angeles, CA 90012
(202) 224-0357 fax
Sacramento, CA 95814
(202) 228-3865 fax
San Diego, CA 92101
(202) 228-3863 fax
I am not trying to be antagonistic purposefully.
While I consider myself to be a staunch Democrat – I cannot blindly embrace every public policy initiative that a Democrat suggests. The president and his administration have already committed millions of dollars to the foreclosure crises, including the Making Homes Affordable Program. I am not sure if the government can fix every problem in the midst of a staggering deficit.
If someone is house poor due to either a high debt-to-income ratio or the mortgage represents a disproportionate chunk of their monthly take home – the grave reality might be they have to sale their house. I also do not see how being “underwater” represents an emergency. The primary reason one purchases a home is for shelter. The days are over where homes can be used as ATMs – annually extracting equity paying for lavish remodeling projects, or paying off unsecured debt like credit cards. If someone is patient the market may rebound. Additionally, if someone is only modestly underwater – they can hire a lawyer to advocate on their behalf, or even engage a not-for-profit to ask that the a short sale be executed on the property without recourse, meaning that the bank cannot come after the owner for the difference.
Last point – I have grown weary of people barking out orders to the president, and I especially think black elected officials are guilty of this, including the old Civil Rights Guard, and Bill Clinton. People mistake the president’s graciousness, kindness, willingness to compromise, and civility for weakness. President Obama is not weak. Unfortunately, in today’s society the more crass, ill-mannered, and loud you are – people respect that. Why should the president continue to stick his political neck on the line for barkers? People who have suggestions but do not do anything nor encourage their constituents to do anything. They do not vote. They do not donate. They do not volunteer.
Congress, especially Democrats, have abdicated their power. Have a press conference. Engage your political opponents across the aisle. Call upon your constituents to make their presence felt. But sitting on your fat ass barking toward a president and laying every problem at his feet is not a freakin’ strategy.
I am tired of these buffoons in Congress.
The problem is when many people bought these homes, they had the income to pay the mortgage. Due to this unusally long protracted and in my opinion Corporate-funded recession (purposely not hiring when they can and should), people have been unemployed, underemployed, and because of the Bush/Cheney bankruptsy laws and IRS penalties for short selling, homeowners are in a damned if do sell, damned if I don’t sell situation. In addition, who’s buying houses? They sit on the market more months or years. You can’t sell it for more than what a bank will finance it. I agree you can be for ev ery bill a congress person proposes but we do need to help people still in trouble. I’d like to know the specifics and what this bill will do the others were supposed to fix. Diane Feinstein, CA (D), her state was hit hard with the recession but house prices are improving alittle and I think I read foreclosures are at a slower pace. Just my two cents.
Thanks so much for your insight. You have some very valid points. I am unemployed so I am very sensitive to your arguments. What I am concerned about is that the general public cannot control when corporations hire? We cannot even impact those decisions. It’s pointless to say companies SHOULD hire. Companies hire when they have a need and when they have the budget for it. It is not a good business practice, to hire to “help” out the economy. Who does that? Is that even a reasonable expectation? Foregiven debt is considered income save a personal residence up to $500K, however there has been talk about the law being changed. At least, I believe that’s an accurate representation of the law.
I believe the onus is on the middle class to become more fiscally sophisticated. A lot of people cannot deeply discount their house price wise to move because it was 100% financed, they never made extra payments, extracted equity out. There are always exceptions. Human behavior is nuanced. Some times people can be overwhelmed despite their best efforts. But now we live on one income, our budget is tighter, leaner – I now realized the missed opportunities when we were dual income. We could have done more. We lived on the edge without an healthy emergency fund.
The president can only beat back these ravenous opportunists wolves for so long, he can be in two terms. He is so dynamic, intelligent, and compassionate – who will be the Democratic front runner after him? So many demographics for so long have looked to government as their Savior. Times have changed. People have to change with them.
It often seems like the people who are the most vulnerable do not empower their elected officials by voting and donating.
The making homes affordable program was a disaster. Very few homeowners got any relief from it. This plan that the President’s team has talked about in the past with letting Fannie and Freddy refinance homes for lower interest rates in a phenomenal idea. It doesn’t require congressional approval. It doesn’t rely on the banks to do their job. It puts real money back in the hands of the middle class which helps spur the economy. And Freddie and Fannie mortgages aren’t going to be the mortgages that were used by house-flippers to make a quick profit. If you have a Fr/Fa mortgage, it is because it is your primary home. It’s a no-brainer. I can’t think of any reason why any Democrat would oppose it.
Interesting discussion. I just watched a feature on my local news about a company that bought up several homes in the Bay Area that were short sales. They went in and really fixed them up and then put them on the rental market. It really boosted the upkeep in the neighborhoods and the rents are at market value. More importantly, they created a lease to own program if the renter qualifies. There was one example of a couple who were unable to make their $3,400 mortgage payment two years ago so they stopped making payments. This company purchased their home at auction and leased it back to them for $1,900 a month. Now they’re about to buy the home back for a second time for less than half than they paid for it the first time. This seems to me a very valuable and timely solution to the problem of the housing bubble.
Thanks for sharing, meta. Very interesting.
Harry Reid is also speaking up against Republicans.
Reid: Energy revolution happening, but too slowly
Reid said he expects Obama to speak soon in strong favor of a new push for patent reform that will create 200,000 jobs. But he said that and other initiatives have been hard to get through given Republican opposition.
“The tea-party driven Republicans — it’s made it very difficult to get progressive things done for this Congress,” he said.
Isn’t this a coincidence? I just checked this book out of the library today. Very excited to read it.
Good stuff, Chips!
I have had this book on my shelf for months now…after viewing this interview I can’t wait to get to it (I currently have at least 4 or 5 books going. I love to read, I love books, but I don’t have a whole lot of time to set and read like I would like to. I like knowing what the author looks like. Chip thanks for posting the clip.
it is always delightful when MSM carries a story that will bury the Republican front runner.
Our story for today from CBS – Rick Perry says Social Security is a “Ponzi scheme” and a “monstrous lie”
How can any retired Republican who counts on social security consider voting for this yokel?
CBS also has a nice story on the Republicans stupidity in the face of Irene. I know there have been many posts about Cantor’s foolish remarks but again it is nice when MSM picks it up. I just continue to wonder what the Republican strategy is for 2012, lets pick on old people and folks who have been in Tornados and Hurricanes.
Hurricane Irene relief funding sets up budget fight
*let’s pick on old people and folks who have been in Tornadoes and Hurricanes*
Yes, it does boggle the mind, doesn’t it? Sounds like stra-teg-er-y to me.
You probably all know this, but WSY has been reborn as Pragmatic Obots Unite….with MUSIC!
EXCELLENT! i’m soaring around my little home office and can hardly contain myself. The truth is a powerful thing….”Those who have ears, let them hear.” In conjunction with this, i just finished:http://www.ted.com/talks/chimamanda_adichie_the_danger_of_a_single_story.html
This too speaks to perceptions and truth. It’s about 18 min long. Enjoy all.
Chipsticks, thank you very much for this video/interview. Mr. Lusane is very well spoken and I have his book on my Amazon Order List to read while I’m on vacation. Thank you Chipsticks for exposing this man and his book for many many people to read.
I put the book on my Amazon “Wish List” as well. It is 2011 maybe I should embrace an e-Reader, but is nothing like cozying up with a good book.
Thank you so much for the link Chips! I am going purchase the book. I really loved the interview.
Thank you so much, Chipsticks, for posting this excellent video interview of Dr. Lusane. This is the kind of history that many Americans, of all races, are deprived of. It’s no wonder that people who know nothing about the contributions of Americans who are not white, are easily seduced by people like Pat Buchanan, Glenn Beck, and Rush Limbaugh.
I actually spent an hour watching the entire interview though I only intended to spend 10 minutes! Thanks Chips, like I need anything else to keep me glued to TODville (liked this coinage when I saw it earlier)! Mr. Lusane reminded me of storytellers in the good old days. Really interesting information. Makes me want to keep an eye out for the book. That interviewer did a good job showcasing what ‘aloof ‘ and ‘lacking in warmth’ look like. At times he seemed like he was attacking the author. Ugh! The only thing I can say in his favour is that he allowed Mr. Lusane to give full answers… most of the time.
I read this book in March. In April I took my 10 year old grandson to DC. What stood out in his mind was the fact that slaves helped build the White House, and now we have a black president. He said, “Grandma, I think this country is going in the right direction”. I wrote to Mr. Lusane and told him how much I enjoyed the book, and how much I learned. I was thrilled that he sent a note back! I urge everyone to read it, and hope Mr. Lusane writes more books in this vain in the future.
I should have called him Dr.–my mistake.
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