Monday, March 30, 2009

Uncle Sam becomes Mr. Goodwrench

In an effort to boost sales and calm consumer fears, the Obama Administration unveiled a new warranty program Monday morning backing the warranties on new vehicles purchased from domestic auto manufacturers.

"Your warranty will be safe. In fact, it will be safer than it's ever been. Because starting today, the United States government will stand behind your warranty," President Obama said in a press conference Monday.

Friday, March 27, 2009

Environmental racism and justice

Obama's new "green czar" - Van Jones in an interview with Mother Jones:

"Well, the only reason that we have the unsustainable accounting that we have right now is because incinerators, dumping grounds, and sacrifice zones were put where poor people live. It would never have been allowed if you had to put all the incinerators and nasty stuff in rich people's neighborhoods; we'd have had a sustainable economy a long time ago. We'd have had a clean and green economy a long time ago. It's the environmental racism that allowed the powerful people in society to turn a blind eye for decades to the downsides of the industrial system that got us to this point. So there's a direct relationship between environmental racism and the lack of sustainability of society as a whole. We were the canaries in the coal mines, crying for relief. Now finally the consequences are affecting everyone, with global warming and everything else. The other thing is that the environmental justice agenda is also changing. Before, it was much stronger on demanding equal protection from environmental bad. Now we are also demanding equal opportunity and equal access to environmental good. We don't want to be first and worst with all the toxins and all the negative effects of global warming, and then benefit last and least from all the breakthroughs in solar, wind energy, organic food, all the positives. We want an equal share, an equitable share, of the work wealth and the benefits of the transition to a green economy."

Full Story

Wednesday, March 25, 2009

Loose cannon or true intentions?

Geithner, at the Council on Foreign Relations, said the U.S. is "open" to a headline-grabbing proposal by the governor of the China's central bank, which was widely reported as being a call for a new global currency to replace the dollar, but which Geithner described as more modest and "evolutionary."

"I haven’t read the governor’s proposal. He’s a very thoughtful, very careful distinguished central banker. I generally find him sensible on every issue," Geithner said, saying that however his interpretation of the proposal was to increase the use of International Monetary Fund's special drawing rights -- shares in the body held by its members -- not creating a new currency in the literal sense.

"We’re actually quite open to that suggestion – you should see it as rather evolutionary rather building on the current architecture rather than moving us to global monetary union," he said.

"The only thing concrete I saw was expanding the use of the [special drawing rights]," Geithner said. "Anything he’s thinking about deserves some consideration."

The continued use of the dollar as a reserve currency, he added, "depends..on how effective we are in the United States...at getting our fiscal system back to the point where people judge it as sustainable over time."

President Obama flatly rejected the notion of a new global currency at last night's press conference.

Full Story

Tuesday, March 24, 2009

Finally...something I can agree with

As the Obama Administration's plans to lift toxic assets off bank balance sheets took form, speculation swirled over whether private-sector investors could be enticed to take part. Now another question is looming: Will the banks participate? On Mar. 23, Treasury Secretary Timothy Geithner unveiled the latest effort by the government to stabilize banks and unlock frozen credit markets. The long-awaited plan would use $75 billion to $100 billion of federal bailout funds—together with an equal amount of private-sector money and federal loans and guarantees that could bring the total investment to $1 trillion over time—to buy questionable, mostly mortgage-backed assets from banks.

The market soared in response, with the Dow Jones industrial average rising nearly 500 points, or 6.8%. The financial industry hailed the plan as a solid fix that could revive a moribund credit market. But while that reaction relieved some of the immediate pressures on Geithner and the Administration, it was hardly unanimous. Critics called it a series of opaque subsidies that, at best, would prop up the banks and their shareholders without doing much to revive lending. And the embattled Treasury secretary clearly knows he faces huge challenges ahead. "One day's [market] reaction does not make a plan," he said, speaking later that evening at a conference on the future of finance sponsored by The Wall Street Journal.

Saturday, March 21, 2009

Federal community organizers

Follow-up on H.R. 1388 from www.gop.gov: Why do we need the federal government to fund this for $6 billion?

Furthermore, some Members are concerned that AmeriCorps volunteers are currently employed (and recruited) by community organizations including Planned Parenthood.  Members have expressed concern that federal funding should not support "volunteers" to be paid to work for abortion providers and grant them further flexibility with their finances and resources (understanding that money is fungible).  For a recent example of an AmeriCorps job opportunity at a Planned Parenthood, click here.  These Members are also concerned that without the proper safeguards, opportunities for community service participants to engage in activities that many find inappropriate (i.e. ACORN, Planned Parenthood) could become more commonplace under the Obama Administration.

Additionally, some Members have expressed concern that Republican language which would have prohibited funding under this bill to be used to develop or distribute materials or operate programs directed at youth that are designed to promote or encourage sexual activity, distribute obscene materials to minors on school grounds, or provide sex education (unless such education is age appropriate and includes discussion of the health benefits of abstinence, HIV-prevention instruction, etc.) has been purposefully left out of the text of the bill-allowing such activities to be funded with federal dollars under the guise of community service programs. 

Friday, March 20, 2009

Obama-Jugend?

The U.S. House of Representatives has approved a plan to set up a new "volunteer corps" and consider whether "a workable, fair, and reasonable mandatory service requirement for all able young people" should be developed.

The legislation also refers to "uniforms

" that would be worn by the "volunteers" and the "need" for a "public service academy, a 4-year institution" to "focus on training" future "public sector leaders." The training, apparently, would occur at "campuses."

The vote yesterday came on H.R. 1388, which reauthorizes through 2014 the National and Community Service Act of 1990 and the Domestic Volunteer Service Act of 1973, acts that originally, among other programs, funded the AmeriCorps and the National Senior Service Corps.

It not only reauthorizes the programs, but also includes "new programs and studies" and is expected to be funded with an allocation of $6 billion over the next five years, according to the Congressional Budget Office.

Many, however, are raising concerns that the program, which is intended to include 250,000 "volunteers," is the beginning of what President Obama called his "National Civilian Security Force" in a a speech last year in which he urged creating an organization as big and well-funded as the U.S. military. He has declined since then to elaborate. 


The New World Order

WASHINGTON – The Obama administration on Wednesday formally endorsed a U.N. statement calling for the worldwide decriminalization of homosexuality, a measure that former President George W. Bush had refused to sign.

The move was the administration's latest in reversing Bush-era decisions that have been heavily criticized by human rights and other groups. The United States was the only western nation not to sign onto the declaration when it came up at the U.N. General Assembly in December.

"The United States supports the U.N.'s statement on human rights, sexual orientation and gender identity and is pleased to join the other 66 U.N. member states who have declared their support of the statement," said State Department spokesman Robert Wood...

According to negotiators, the Bush team had concerns that those sections could commit the federal government on matters that fall under state jurisdiction. In some states, landlords and private employers are allowed to discriminate on the basis of sexual orientation; on the federal level, gays are not allowed to serve openly in the military.

Full Story