It's great to drive the new pavement on Interstates 70 & 77 here in OH.

We're on our way!

why isn't the obama administration doing more to publicize the benefits from their programs in this area, the environmental area and so on? no more mr. nice guy chief....use both barrels on those repelicans!

Just when I thought there was hope- then He throws Bro. Van Jones under the bus and adds Harvard INVESTMENT BANKER Ron Bloom to the inner circle. The Prince of the Green Revolution GONE and we get Mr. Big Business Bloom?

WhaT iS gOinG oN?!

I think is very important for Americans and USA future, to keep in there mind things what Pr Obama and his Team accomplished successfully since 01. 2009. until now.:

1. Security
( Pr Obama said that this is his first thought in the morning and last one at the end of his day...)

2. Recession - economy ( it was up from - 6,5 % to - 1 % ... );

3. Recovery Act;

4. Auto ind / houses market ( in process)

5. Stem cells research financial support;

6. 11 million children got h. ins.;

7. Credit cards ( consumer protection );

8. Prohibit torching;

9. Iraq / Afghanistan war ( in process )

10. Foreign relations...

11. Health care reform ( in process )

Why do the lobbyist have to gang-up against President Barrcak Obama. President Barrack Obama have continously working alleveiate and improve the quality of life of Americans and one of these is the American Recovery and Reinvestment Act. Presient Barrack Obama is a solution provider if the lobbyist is concern with the economic situation they should make use their monies to alleviate job employment and profit for young entrepreneurs such as what the President did.

The republican party are masters at putting millions upon millions upon millions of people out of work. All they do with a remarkable degree of consistency is wreck the economy,initiate huge movements of shipping jobs abroad aka the Reagan-Bush Global Economy and try to wreck social security and medicare.

Is there a definite pattern? Absolutely!

1. The Reagan/ Bush Home Loan Scandal
http://rationalrevolution0.tripod.com/war/bush_family_and_the_s.htm

2. The Bush/Cheney Home Loan Scandal
http://www.dollarsandsense.org/archives/2009/0709macewan.html

3. What did Bush and Henry Paulson do with the bail out money?
http://www.democracynow.org/2009/9/10/good_billions_after_bad_one_year

4. Why did GW Bush Lie About Social Security?( This would cost taxpayers $4 trillion and wreck the economy)
http://www.dollarsandsense.org/archives/2005/0505orr.html

Now Obama must come in and clean up after up after two of the most reckless republican administrations in the history of OUR nation. They committed acts of fraud and should be in jail.

This war will not bring us out of this mess. The nation will be buried in more and more debt.

Make Peace and Make Money with new industry for a new economy is the only way out for the USA.

Clinton and democrats in no way implemented the housing bubble. Their idea was to create more opportunities for home owners. They had no idea that Bush/Cheney/Paulson
would create this fraudulent scheme......although they should have considering history.

Then Bush-Cheney-Paulson came along with their criminal minds. They decided to not give a damn what mortgage lenders did so long as Wall Street banks were doing well even if FRAUD was part of the deal.

Which brings us to this point:

"Bubbles involve actual investments in real or financial assets—housing in the years since 2000, high-tech stocks in the 1990s, and Dutch tulips in the 17th century. People invest believing that the price of the assets will continue to rise; as long as people keep investing, the price does rise. While some early speculators can make out very well, this speculation will not last indefinitely. Once prices start to fall, panic sets in and the later investors lose.

A bubble is similar to a Ponzi scheme: early participants can do well while later ones incur losses; it is based on false expectations; and it ultimately falls apart. But there need be no fraudulent operator at the center of a bubble. Also, while a Ponzi scheme depends on people giving their money to someone else to invest (e.g., Madoff), people made their own housing investments—though mortgage companies and banks made large fees for handling these investments.

Often, government plays a role in bubbles. The housing bubble was in part generated by the Federal Reserve maintaining low interest rates. Easy money meant readily obtainable loans and, at least in the short run, low monthly payments. Also, Fed Chairman Alan Greenspan denied the housing bubble’s existence—not fraud exactly, but deception that kept the bubble going. (Greenspan, whose view was ideologically driven, got support in his bubble denial from the academic work of the man who was to be his successor, Ben Bernanke.)

In addition, government regulatory agencies turned a blind eye to the highly risky practices of financial firms, practices that both encouraged the development of the bubble and made the impact all the worse when it burst. Moreover, the private rating agencies (e.g., Moody’s and Standard and Poor’s) were complicit. Dependent on the financial institutions for their fees, they gave excessively good ratings to these risky investments. Perhaps not fraud in the legal sense, but certainly misleading.

During the 1990s, the government made tax law changes that contributed to the emergence of the housing bubble. With the Taxpayer Relief Act of 1997, a couple could gain up to $500,000 selling their home without any capital gains tax liability (half that for a single person). Previously, capital gains taxes could be avoided only if the proceeds were used to buy another home or if the seller was over 55 (and a couple could then avoid taxes only on the first $250,000). So buying and then selling houses became a more profitable operation.

And, yes, substantial fraud was involved. For example, mortgage companies and banks used deceit to get people to take on mortgages when there was no possibility that the borrowers would be able to meet the payments. Not only was this fraud, but this fraud depended on government authorities ignoring their regulatory responsibilities.

So, no, a bubble and a Ponzi scheme are not the same. But they have elements in common. Usually, however, the losers in a Ponzi scheme are simply the direct investors, the schemer’s marks. A bubble like the housing bubble can wreak havoc on all of us."