- Sep 5, 2011
- Reaction score
- NY 26th FINALLY DEM!
and always Democratic Fair capitalism with a good safety net beats them both. known as socialism everywhere but brainwashed right-wing English-speaking conservative world.....Free Markets beat Command Economies every time.Supply side economics is the scam of decadesRight, a scam program that boosted the 1%.No excuses. H.A.M.P.Always with the excuses. Obama could have done a ton of things differently. He could have helped bail out the homeowners as opposed to the banks that forclosed on them.Income inequality was already bad and while it did not improve, if Obama had not taken the steps he did it would have been worse and then there
When the Obama administration announced a massive effort to help distressed homeowners in 2009, it set high expectations. The program, government officials said, would keep up to 4 million borrowers out of foreclosure.
“It will give millions of families resigned to financial ruin a chance to rebuild,” Obama said at a event announcing the effort. “By bringing down the foreclosure rate, it will help shore up housing prices for everyone.”
Six years later, Obama is preparing to leave office, and the Home Affordable Modification Program, or HAMP, accepted its final applications Friday having helped a fraction of the homeowners government officials initially expected. About 1.6 million borrowers have seen their mortgage payments lowered through the program so far, but about a third of those people eventually fell behind on their payments again.
“The president set out an ambitious goal that wasn’t met,” said Kevin Stein, deputy director of the California Reinvestment Coalition, a housing advocacy group. “It was definitely a step forward and step in the right direction, but ... a lot of people ended up falling through the cracks.”
HAMP is one of the last remnants of the $700-billion taxpayer bailout effort, known as the Troubled Asset Relief Program, or TARP, put in place during the financial crisis. About $28 billion of that money was carved out to help distressed homeowners by paying banks to lower their interest rates and monthly payments.
It was launched in the midst of one of the deepest housing crises in U.S. history. Millions of people had taken out subprime loans that they could no longer afford, sending foreclosure rates to record levels.
The Obama administration set out to save more homeowners from foreclosure, but the effort has been bedeviled by complaints that banks repeatedly lost homeowners’ paperwork or incorrectly told them they didn’t qualify for help. The Treasury Department didn’t act quickly enough to force banks to abide by the rules of the program, housing advocates have said. Nearly 70% of the homeowners who applied for the program were rejected, according to government data.
A 2014 government report examined the record of four large mortgage servicers and found that black and Latino borrowers were denied entry into the program at a “significantly higher” rate. “Borrowers in substantially minority areas had at least 3% higher denial rates than their comparison populations of borrowers in nonsubstantially minority areas,” according to the Government Accountability Office. “Statistical differences in outcomes among population groups might suggest potential fair lending concerns that merit further examination.”
When the Obama administration announced a massive effort to help distressed homeowners in 2009, it set high expectations.www.latimes.com
Nope, .technology is THE DRIVING ISSUE OF HIGH PAYING job loss among non professional labor force. It’s why a high school degree was mandatory in the 1950’s and why a college degree is now. We have a shortage of millions of engineering and stem positions that can’t be filled by an uneducated populous. Oh, there are plenty of unskilled less educated low paying jobs that require multiple jobs to make a living, but as usual, education is the key.That has played a part BUT that is not even close to the issue overall.But continue to read why. It’s capitalism and . It’s the replacement of skilled labor that pays higher salary, with robotics. Now, dozens of highly skilled technicians do the job of hundreds of skilled manual laborers.Obama admits 95% of income gains gone to top 1%Actually it did not.Inequality grew under Obama also.Poverty produces crime, and the GOP produces poverty. 40 years of GOP giveaway to the rich has given us the worst inequality and upward mobility ever anywhere. Great job! Change the channel for crying out loud.....Over half of murders in our country are perpetuated by blacks, who make up about 12% of the population.Yah, we told them. We also told whites who commit 64% of the crimes and the gop admin personell who committed 114 times the number of crimes as Dems. It did no good.Well, tell blacks to stop committing so many crimes.So blacks get stopped four or five times as many as whitesKeep disobeying cops after breaking the law. You defend a rapist and a guy that was fighting with cops, and had a knife. Fuck him, they should had kept shooting until he was dead. Low IQ thugs like that are a danger to society, they have no place here. So move to Africa and live your life free of “racism”. But of course you won’t, because you’re a coward who loves white culture and knows it’s far superior to any African culture. So keep whining like a petulant little child, you all sound like pathetic bitches.Do whites think it makes them look good to defend police shooting an unarmed man 7 times in the back then trying to lie about him going for a gun?Wow, Tucker Carlson’s take on this was amazing. Will post video when it’s up.
The female was shot through the jaw, and was helping the other officer. All while several animals in the area were streaming them and laughing at them.
Do black people think this makes them look good?
it's murder and he should be prosecuted to the full extent of the law duh. On the other hand if Trump ordered body cameras turned on for every cop or something like that this kind of thing might end. But he only turns on his racist or totally misinformed or both Base and divides the country with pure obstruction and disrespect.How exactly do you "give an excuse" to execute two cops sitting in a police car harming no one?OR......you could STOP giving criminals and excuse to kill cops. GFYOr we could do something about the record inequality and upward mobility and hopelessness in the United States.... Crime is caused by poverty period if there were that many poor whites they would be the same. The average black family has 1/10 the wealth of the average white family and no they are not criminals more than whites. Amazingly. But their criminals are busy. Selling drugs to whites.. what a great GOP mess we have here.....
Talk is cheap. The Gop doesn’t listen.
Then of the “white” offenders, Hispanics and Latinos are lumped in with them, but they commit about half of those “white offender” murders.
Obama claims inequality falling even as income inequality soars
During Obama’s Presidency Wealth Inequality has Increased and Poverty Levels are Higher - CounterPunch.orgTroubling and significant statistics produced by the government indicate important facts about our political system and its priorities. Unfortunately, these statistics often get little coverage in the media. What coverage is provided usually only focuses on the current year and might include...www.counterpunch.org
Just go into ANY MANUFACTURING PLANT over the years. These skilled people are now working in a service industry that plays less.