Posts Tagged ‘reforms

19
Aug
13

Rise and Shine

Completely random old pic (Portsmouth, N.H., Sept. 7, 2012)

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Today (all times Eastern)

11:0: President Obama receives the presidential daily briefing

11:45: Meets with senior advisors

12:45: Josh Earnest briefs the press

2:15: President Obama meets with independent financial regulators

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A sign along Harding Hill in West Tisbury, Massachusetts, August 18

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USA Today: Coming off a week’s vacation, President Obama deals Monday with new rules on the financial system.

Obama holds a closed-door meeting with financial regulators to discuss the impact of new laws, the White House says, including the Dodd-Frank Wall Street Reform bill and the Consumer Protection Act.

The guest list includes the Comptroller of the Currency, the director of the Consumer Financial Protection Bureau (CFPB), and the acting director of the Federal Housing Finance Agency (FHFA).

Also: The chairs of the Board of Governors of the Federal Reserve System (FRB), the Commodity Futures Trading Commission (CFTC), the Federal Deposit Insurance Corporation (FDIC), the National Credit Union Administration, and the Securities and Exchange Commission (SEC).

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Times Tribune: Biden to join Obama in Scranton

In a rare occurrence, Vice President Joe Biden will join President Barack Obama in Scranton for the last stop on the president’s two-day bus tour promoting affordable higher education.

…. The president is scheduled to appear Friday at Lackawanna College, a school spokeswoman and the White House confirmed Friday. The school will be the last stop on a tour that takes Mr. Obama on Thursday to the University of Buffalo in Buffalo, N.Y., and the State University of New York and Henninger High School in Syracuse. Hours before the Scranton stop, the president will take part in a town hall at Binghamton University.

“At each stop, the president will discuss the importance of ensuring that every American has the opportunity to achieve a quality education by reducing cost and improving the value of higher education for middle-class students and their families,” a White House official said…

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ThinkProgress: How Testicular Cancer Convinced A Former Republican Staffer To Leave His Party

Before he could realize the value of affordable health care, one Republican campaign staffer had to experience what it’s like to be without it.

Clint Murphy, who’s been involved with Republican campaigns since the 1990s, was diagnosed with testicular cancer in 2000 when he was 25 years old. Four years and four rounds of chemo treatment later — all of which was covered by insurance — Murphy was in remission. Insurance wasn’t a problem in his subsequent political jobs — he worked on John McCain’s election campaign in 2008 — but when he quit politics in 2010 and entered real estate, he realized just how difficult obtaining insurance with a pre-existing condition could be.

…. That’s why Murphy had this to say to his Republican friends who oppose Obamacare on Facebook last week: “When you say you’re against it, you’re saying that you don’t want people like me to have health insurance.”

More here

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Steve Benen: Far-right ‘ready to erupt’ over health care?

President Obama’s weekly addresses tend to be pretty tame, at least as far as political rhetoric goes, but over the weekend his latest weekly message included some fairly pointed language about Republican efforts to sabotage the federal health care system.

Some congressional Republicans, Obama said, are “working hard to confuse people, and making empty promises that they’ll either shut down the health care law, or, if they don’t get their way, they’ll shut down the government…. A lot of Republicans seem to believe that if they can gum up the works and make this law fail, they’ll somehow be sticking it to me. But they’d just be sticking it to you.”

And while the White House pushes against the GOP shutdown threats, far-right activists continue to push in the opposite direction.

More here

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Paul Krugman: One Reform, Indivisible

Recent political reporting suggests that Republican leaders are in a state of high anxiety, trapped between an angry base that still views Obamacare as the moral equivalent of slavery and the reality that health reform is the law of the land and is going to happen.

But those leaders don’t deserve any sympathy. For one thing, that irrational base is a Frankenstein monster of their own creation. Beyond that, everything I’ve seen indicates that members of the Republican elite still don’t get the basics of health reform — and that this lack of understanding is in the process of turning into a major political liability.

On the unstoppability of Obamacare: We have this system in which Congress passes laws, the president signs them, and then they go into effect. The Affordable Care Act went through this process, and there is no legitimate way for Republicans to stop it.

More here

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Reuters: Illinois expands background checks to all gun purchases

Illinois Governor Pat Quinn signed a gun-control measure into law on Sunday that expands background checks to cover all firearms purchases in the state, closing what he said was a loophole that exempted gun sales between private parties.

The new law also requires all gun owners to report any lost or stolen firearms to local police within 72 hours.

“Guns are a plague on too many of our communities,” Quinn, a Democrat, said in a statement. “Making sure guns do not fall into the wrong hands is critical to keeping the people of Illinois safe. This commonsense law will help our law enforcement crack down on crime and make our streets safer.”

The expanded background checks go into effect on January 1, 2014.

More here

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Michael Tomasky: Julian Assange Loves Rand Paul and His ‘Very Principled Positions’

Julian Assange, who back when he roamed the earth freely used to do things like show up on the steps of St. Paul’s to protest the wrongs of capitalism, has now apparently placed his faith in the man who is arguably the capitalists’ single biggest lickspittle in Washington, Sen. Rand Paul (R-KY). In and of itself, this is only mildly interesting. But Assange’s admirers on the left are so seduced by his oppositionalist posture and his desire to stick it to the man (as long as the man is the government of the United States) that they seem willing to follow him off any cliff, maybe even the cliff of voting for Paul in 2016. It’s a jejune politics, and ultimately a politics of leisure. No one whose day-to-day life is materially affected by the question of who is in office has time for such silly games, and therefore, no one who purports to be in solidarity with those people should either.

… these seemingly left-wing anti-establishment types should never be trusted. These are just playtime politics, luxuries for the leisure class. If you want a real left-winger, I say stick with Marx. At least he understood that politics is chiefly about economic relations. Anyone who doesn’t understand that is sending you down blind alleys, knows little about politics to begin with, and should be shunned by anyone who claims to be anywhere on the broad left side of the spectrum.

Full post here

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Ari Berman: Time to March on Washington — Again

They carried signs that demanded “Voting Rights,” “Jobs for All” and “Decent Housing.” They protested the vigilante killing of an unarmed black teenager in the South and his killer’s acquittal. They denounced racial profiling in the country’s largest city.

This isn’t 1963 but 2013, when so many of the issues that gave rise to the March on Washington fifty years ago remain unfulfilled or under siege today. That’s why, on August 24, a broad coalition of civil rights organizations, unions, progressive groups and Democratic Party leaders will rally at the Lincoln Memorial and proceed to the Martin Luther King Jr. Memorial to honor the fiftieth anniversary of the march and dramatize the contemporary fight. (President Obama will participate in a separate event commemorating the official anniversary on August 28.)

The Supreme Court’s decision gutting the Voting Rights Act in late June and the acquittal of George Zimmerman less than three weeks later make this year’s march “exponentially more urgent” with respect to pressuring Congress and arousing the conscience of the nation, says Ben Jealous, president of the NAACP, a co-sponsor of the march.

More here

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MoooOOOooorning!

04
Apr
11

‘obama averted disasters, but getting credit is the hard part’

Michael Grunwald (Time): The New Republic recently asked an intriguing question about the U.S. intervention in Libya: Why isn’t Obama getting credit for preventing an atrocity? The answer is obvious when you think about it: because he prevented the atrocity. It’s hard to get credit for avoiding a disaster when it’s impossible to prove the disaster would have happened without you. Social scientists call this the counterfactual problem….

This is a problem for public policy because preventing disasters is infinitely preferable to stopping them in progress. And it’s a political problem for Obama … He is the counterfactual President, not just on his Libya policy, but on almost all his policies. And as his aides often complain, “I prevented a disaster” is a lousy political slogan….

The most extreme example, of course, was the $787 billion stimulus package that Obama signed during his first month in office, when the economy was shedding 700,000 jobs a month. The immediate goal was to avoid a depression, and in that sense it was a tremendous success, stopping the hemorrhaging and stabilizing the scariest economic situation since the Great Depression…..

… His financial reforms should reduce the chances of another Wall Street meltdown, but it’s classic disaster prevention: if they fail, it’s a scandal, and if they work, we won’t notice…

Most of Obama’s counterfactual problems can be traced to what his former chief of staff Rahm Emanuel calls the “gift bag” that President Bush left for him. The gift bag included the worst economy in 80 years, a nightmare on Wall Street, a deficit spiraling out of control, one unnecessary war in Iraq and one intractable war in Afghanistan, a dysfunctional health care system, and an energy policy that was broiling the planet and exposing consumers to violent swings in gas prices….

Full article here

31
Dec
10

‘major health care reforms take effect january 1′

TPM: Starting Saturday, two of the new health care law’s most significant reforms take effect – or at least begin to take effect.

The first will dramatically clamp down on insurance industry waste, abuse, and excesses. Starting on New Year’s Day, insurance companies will have to spend at least 80 percent of the revenues they receive from premiums on actual health care. Not on salaries or overhead…..

..…The other is much more visible. Senior citizens – a demographic that’s skeptical of the bill – will see real benefits. In 2011, the law will begin to close the Medicare Part D coverage gap – the infamous “donut hole.” Seniors who reach the donut hole will now receive a 50 percent discount on brand-name drugs, the first step in a 10 year plan to fill the hole completely. Seniors will also now receive free annual checkups, screenings and other preventive care.

Other changes will also kick in … but these are the biggies. Add them to other reforms that have already taken effect – such as a ban on discriminating against children with pre-existing conditions, and the new right parents have of keeping their children on their family insurance plans until they’re 26 years old – and you’re talking about a bunch of stuff that would be very unpopular to repeal.

21
Jan
10

"If these folks want a fight, it's a fight I'm ready to have."


President Barack Obama and Vice President Joe Biden arrive to deliver remarks on financial reform on in the Diplomatic Reception Room on January 21, 2010 in Washington, DC. Obama announced measures to narrow the size and scope of banks and their investment activities.

President Barack Obama speaks about financial reform after his meeting with Presidential Economic Recovery Advisory Board Chair Paul Volcker at the White House in Washington January 21, 2010.

President Obama rolled out a new set of proposals Thursday to “protect American taxpayers and the American economy from future crises”.

“We simply cannot accept a system in which hedge funds or private-equity funds inside banks can place huge risky bets that are subsidized by taxpayers and could pose a conflict of interest,” he said.

“My message to members of Congress of both parties is we need to get this done. My message to leaders of the financial industry is to work with us,” Obama continued: “If these folks want a fight, it’s a fight I’m ready to have.”




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