Obama will speak at 3:25 pm eastern on health insurance reform at the Portland Expo. Hundreds waited in line for tickets today and people are actually excited. Imagine that! The event will be live audio streamed at WhiteHouse.gov. There's also likely to be a stream at msnbc.com. It will also be live streamed locally at WCSH6.com or WLBZ2.com.
Wednesday, March 31, 2010
Obama to Speak in Portland Maine April 1
Obama will speak at 3:25 pm eastern on health insurance reform at the Portland Expo. Hundreds waited in line for tickets today and people are actually excited. Imagine that! The event will be live audio streamed at WhiteHouse.gov. There's also likely to be a stream at msnbc.com. It will also be live streamed locally at WCSH6.com or WLBZ2.com.
Michelle Obama's Remarks at Workplace Flexibility Forum Video
The Long History of Healthcare and Questions Answered
Opponents of the reform effort came up with a strategy. This was in the years leading up to World War 1. America was about to go battle with Germany. And Germany had been the first country to pass universal health care.Healthcare has a long and tangled history of reformers trying to get it done, and alas, it is done. Well, first steps anyway. It's interesting that those who have tried to reform healthcare have been called names throughout history. Some people will always stand in the way of change because change is scary.
DUBIN: And they used this anti-German feeling as a way to attack compulsory health care as some insidious plot to undermine the American government and the American people.
WARNER: So they called them the dirtiest word you can call an American, which is a European.
DUBIN: Right, and only in this time, there were various, "Germans," and "Prussians" and "doing the Emperor of Germany's work."
This became the pattern. When reformers tried to restart the debate in the 20s, they were called socialists.
DUBIN: Right and in Harry Truman's era they called them Bolsheviks and communists. And that's the whole history of health care reform is, champions, they lose, someone picks it up again, champions it, they lose.
Until the day comes when they win. Read more at Marketplace
In addition to the history of healthcare, this episode of Marketplace also had some more details on the new healthcare law and how it affects you, including information on the exchanges that we've heard so much about. It's becoming more apparent to me that this really is a big deal, even beyond its historical relevance. Listen to the whole program:
Obama's Cesar Chavez Day Proclamation
A PROCLAMATIONObama also issued a statement on the standard bearer of teachers:
The rights and benefits working Americans enjoy today were not easily gained; they had to be won. It took generations of courageous men and women, fighting to secure decent working conditions, organizing to demand fair pay, and sometimes risking their lives. Some, like Cesar Estrada Chavez, made it the cause of their lives. Today, on what would have been his 83rd birthday, we celebrate Cesar's legacy and the progress achieved by all who stood alongside him.
Raised by a family of migrant farm workers, Cesar Chavez spent his youth moving across the American Southwest, working in fields and vineyards, and experiencing firsthand the hardships he would later crusade to abolish. At the time, farm workers were deeply impoverished and frequently exploited, exposed to very hazardous working conditions, and often denied clean drinking water, toilets, and other basic necessities. The union Cesar later founded with Dolores Huerta, the United Farm Workers of America (UFW), still addresses these issues today.
After serving in the United States Navy, Cesar Chavez became a community organizer and began his lifelong campaign for civil rights and social justice. Applying the principles of nonviolence, he empowered countless laborers, building a movement that grew into the UFW. He led workers in marches, strikes, and boycotts, focusing our Nation's attention on their plight and using the power of picket lines to win union contracts.
"The love for justice that is in us is not only the best part of our being, but it is also the most true to our nature," Cesar Chavez once said. Since our Nation's earliest days of independence, we have struggled to perfect the ideals of equal justice and opportunity enshrined in our founding documents. As Cesar suggests, justice may be true to our nature, but as history teaches us, it will not prevail unless we defend its cause.
Few Americans have led this charge so tirelessly, and for so many, as Cesar Chavez. To this day, his rallying cry -- "Sí, se puede," or "Yes, we can," -- inspires hope and a spirit of possibility in people around the world. His movement strengthened our country, and his vision lives on in the organizers and social entrepreneurs who still empower their neighbors to improve their communities.
NOW, THEREFORE, I, BARACK OBAMA, President of the United States of America, by virtue of the authority vested in me by the Constitution and the laws of the United States, do hereby proclaim March 31, 2010, as Cesar Chavez Day. I call upon all Americans to observe this day with appropriate service, community, and education programs to honor Cesar Chavez's enduring legacy.
IN WITNESS WHEREOF, I have hereunto set my hand this thirty-first day of March, in the year of our Lord two thousand ten, and of the Independence of the United States of America the two hundred and thirty-fourth.
"I was saddened to hear about the passing of Jaime Escalante today. While most of us got to know him through the movie that depicted his work teaching inner-city students calculus, the students whose lives he changed remain the true testament to his life’s work. Throughout his career Jaime opened the doors of success and higher education for his students one by one, and proved that where a person came from did not have to determine how far they could go. He instilled knowledge in his students, but more importantly he helped them find the passion and the will to fulfill their potential. Jaime’s story became famous. But he represented countless, valiant teachers throughout our country whose great works are known only to the young people whose lives they change. Michelle and I offer our condolences to Jaime’s family, and to all those who knew him and whose lives he touched."
Michelle Obama Plants the White House Spring Garden Video
Michelle has high approval rating
Obama to Close White House Flexibility Forum
Obama will close the day-long session on flexibility in the workplace. He'll speak at 4:15 pm eastern. This is a live stream:
Letterman Interviews Idaho's Tea Party President
Part 2. I agree with her on the fact that many people demonize business. Businesses are started by people and businesses are made up of people. But business needs to be regulated because as we've seen, left on their own, they will do whatever maximizes profits. That's their job, though there is a trend toward more socially responsible business.
Alas, Stout's facade falls. Stout says that Obama spent a lot of money to cover up documentation of his school records (no evidence of that), and though many tea partiers believe that Obama wasn't born in the U.S., she's okay with that. She said that's irrelevant. BINGO. Woman is a hater, not a fiscal conservative. FAIL. LOSE. GAME OVER.
Part 3. Game really over. Stout says Glenn Beck made her think.
Obama Documentary: a Listener With a Killer Instinct
Wow, listen to the beginning of this audio (alternate link), which documents Obama's leadup to his presidential run. I had forgotten just how fiery Obama was. He's still fiery at times, but not like that. Given the realities of the job, I wouldn't expect him to be as impassioned. Obama is described in part as a good poker player, who doesn't take chances or tip his hand and plays to win, someone with a "killer instinct."
Ken Salazar Speaks on Offshore Drilling Video
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Obama's Speech on Expanding Offshore Drilling
During the 2008 campaign, the political ploy from the republicans was that oil drilling would lower gas prices, which was nearly $5 a gallon. Remember?
The real story, according to The Business Insider, is that oil drilling is a concession for cap and trade:
The real story is that Cap & Trade is back on the table, as Ken Salazar is stating on CNBC right now.
Obama gives a gift to oil drillers, and in exchange he gets the equivalent of an energy tax (though not actually an energy tax) with some corporate support.
Thank you, Secretary Salazar. Ken and I were colleagues in the Senate, and I appointed him because I knew he'd be a faithful and pragmatic steward of our natural resources. As Secretary, he's changing the way the Interior Department does business so that we are responsibly developing traditional sources of energy and renewable sources of energy, from the wind on the high plains to the sun in the deserts to the waves off our coasts.
It's also good to see so many members of our Armed Forces here today. Andrews is the home of Air Force One, and I appreciate everything you do for me and my family. You've got a 100-percent on-time departure record. And you don't charge for checking luggage. So it's a pretty good deal. But in all seriousness, I want to thank you not only for the support you provide to me – but also for the service you perform to keep our country safe.
We are here today to talk about America's energy security, an issue that has been a priority for my administration since the day I took office. Already, we've made the largest investment in clean energy in our nation's history. It's an investment that's expected to create or save more than 700,000 jobs across America: jobs manufacturing advanced batteries for more efficient vehicles, upgrading the power grid so that it's smarter and stronger, and doubling our nation's capacity to generate renewable electricity from sources like the wind and the sun.
Just a few months after taking office, I also gathered the leaders of the world's largest automakers, the heads of labor unions, environmental advocates, and public officials from California and across the country to reach an historic agreement to raise fuel economy standards in cars and trucks. Tomorrow, after decades in which we have done little to increase auto efficiency, those new standards will be finalized, which will reduce our dependence on oil while helping folks spend a little less at the pump. So my administration is upholding its end of the deal, and we expect all parties to do the same. I'd also point out: this rule will not only save drivers money; it will save 1.8 billion barrels of oil. That's like taking 58 million cars off the road for an entire year.
Today, we're also going one step further. In order to save energy and taxpayer dollars, my administration – led by Secretary Chu at Energy and Administrator Johnson at GSA – is doubling the number of hybrid vehicles in the federal fleet, even as we seek to reduce the number of cars and trucks used by our government overall. We're going to lead by example and practice what we preach: cutting waste, saving energy, and reducing our reliance on foreign oil.
But we have to do more. We need to make continued investments in clean coal technologies and advanced biofuels. A few weeks ago, I announced loan guarantees to break ground on America's first new nuclear facility in three decades, a project that will create thousands of jobs. And in the short term, as we transition to cleaner energy sources, we'll have to make tough decisions about opening new offshore areas for oil and gas development in ways that protect communities and coastlines.
This is not a decision that I've made lightly. It's one Ken and I – as well as Carol Browner, my energy advisor in the White House, and others in my administration – looked at closely for more than a year. But the bottom line is this: given our energy needs, in order to sustain economic growth, produce jobs, and keep our businesses competitive, we're going to need to harness traditional sources of fuel even as we ramp up production of new sources of renewable, homegrown energy.
So today we're announcing the expansion of offshore oil and gas exploration – but in ways that balance the need to harness domestic energy resources and the need to protect America's natural resources. Under the leadership of Secretary Salazar, we'll employ new technologies that reduce the impact of oil exploration. We'll protect areas vital to tourism, the environment, and our national security. And we'll be guided not by political ideology, but by scientific evidence. That's why my administration will consider potential new areas for development in the mid and south Atlantic and the Gulf of Mexico, while studying and protecting sensitive areas in the Arctic. That's why we'll continue to support development of leased areas off the North Slope of Alaska, while protecting Alaska's Bristol Bay.
There will be those who strongly disagree with this decision, including those who say we should not open any new areas to drilling. But what I want to emphasize is that this announcement is part of a broader strategy that will move us from an economy that runs on fossil fuels and foreign oil to one that relies more on homegrown fuels and clean energy. And the only way this transition will succeed is if it strengthens our economy in the short term and long term. To fail to recognize this reality would be a mistake.
On the other side, there will be those who argue that we do not go nearly far enough; who suggest we open all of our waters to energy exploration without any restriction or regard for the broader environmental and economic impact. They'd deny the fact that with less than 2 percent of oil reserves, but more than 20 percent of world consumption, drilling alone cannot come close to meeting our long-term energy needs, and that for the sake of the planet and our energy independence, we need to begin the transition to cleaner fuels now.
Ultimately, we need to move beyond the tired debates between right and left, between business leaders and environmentalists, between those who would claim drilling is a cure all and those who would claim it has no place. Because this issue is just too important to allow our progress to languish while we fight the same old battles over and over again.
For decades we've talked about how our dependence on fossil fuels threatens our economy – yet our will to act rises and falls with the price of a barrel of oil. For decades we've talked about the threat to future generations posed by our current system of energy – even as we can see the mounting evidence of climate change from the Arctic Circle to the Gulf Coast. And for decades, we've talked about the risks to our security created by our dependence on foreign oil – even as that dependence has grown year after year after year.
And while our politics has remained entrenched along worn divides, the ground has shifted beneath our feet. Around the world, countries are seeking an edge in the global marketplace by investing in new ways of producing and saving energy. From China to Germany, these nations recognize that the country that leads the clean energy economy will be the country that leads the global economy. Meanwhile, here at home, as politicians in Washington debate endlessly whether to act, our own military has determined that we can't afford not to.
If there was any doubt about that, you need only look to the F-18 fighter and the light armored vehicle behind me. The Army and Marine Corps have been testing this vehicle on a mixture of biofuels. And this Navy fighter jet – called the Green Hornet – will be flown for the first time in just a few weeks, on Earth Day. If tests go as planned, it will be the first plane ever to fly faster than the speed of sound on a fuel mix that's half biomass. The Air Force is also testing jet engines using biofuels and had the first successful biofuel-powered test flight just last week. Though I don't want to drum up any kind of rivalry.
Now, the Pentagon isn't seeking these alternative fuels just to protect our environment; they are pursuing these homegrown energy sources to protect our national security. Our military leaders recognize the security imperative of increasing the use of alternative fuels, decreasing energy use, and reducing our reliance on imported oil. That's why the Navy, led by Secretary Mabus who is here today, has set a goal of using 50-percent alternative fuel in all planes, vehicles, and ships in the next ten years. And that's why the Defense Department has invested $2.7 billion this year alone to improve energy efficiency.
Moving toward clean energy is about our security. It's about our economy. And it's about the future of our planet. And what I hope is that the policies we've laid out – from hybrid fleets to offshore drilling, from nuclear energy to wind energy – underscore the seriousness with which my administration takes this challenge. It's a challenge that requires us to think and act anew.
So I am open to proposals from my Democratic and Republican friends. I believe we can move beyond the broken politics of the past. And I know that we can come together to pass comprehensive energy and climate legislation that will foster new industries and millions of new jobs protecting our planet and helping us become more energy independent. That's what we can do. That's what we must do. And I am confident that that is what we will do.
Thank you.
Tuesday, March 30, 2010
Obama Speaks on Energy Security March 31
Update March 31: See video of Obama's speech on expanding offshore drilling here.
The forum will also be live streamed at WhiteHouse.gov.
In the meantime, here are some more awesome photos from Pete Souza:
Scientists Drank Champagne Today
“It’s a great day to be a particle physicist,” said CERN1 Director General Rolf Heuer. “A lot of people have waited a long time for this moment, but their patience and dedication is starting to pay dividends.” Read moreCERN's twitter stream was very excited today.
Scientists know that only 4 percent of the matter in the universe is actually visible. The rest, according to theory, is a mix of so-called dark matter and dark energy. But by looking at the subatomic debris from these collisions, scientists are hoping they can sort out what those invisible sources of energy and matter are.
The 'God' Particle
The ultimate prize would be to find a particle called the Higgs-Boson — it's the linchpin of modern physics. It's been predicted by a theory called the Standard Model. Some people even call it the "God particle." That's because this particle could help explain how the energy from the Big Bang turned into mass.
"This will give us a clue of how we were created in the beginning," CERN scientist Despiona Hatzifotiadu told AFP.
Scientists know that only 4 percent of the matter in the universe is actually visible. The rest, according to theory, is a mix of so-called dark matter and dark energy. But by looking at the subatomic debris from these collisions, scientists are hoping they can sort out what those invisible sources of energy and matter are.
The 'God' Particle
The ultimate prize would be to find a particle called the Higgs-Boson — it's the linchpin of modern physics. It's been predicted by a theory called the Standard Model. Some people even call it the "God particle." That's because this particle could help explain how the energy from the Big Bang turned into mass.
"This will give us a clue of how we were created in the beginning," CERN scientist Despiona Hatzifotiadu told AFP. NPR
RNC Spending More than it's Taking In
Carla Bruni Visits D.C. School Video
Obama also hailed Sarkozy's "discriminating pallette" for choosing to have lunch at Ben's Chili Bowl, famous for chili dogs & half-smokes.
And here they are visiting Ben's:
Obama and Sarkozy Joint Press Conference Live Stream March 30
Event over. Nothing but tweets until we get some video up. These are from Mark Knoller:
Obama says he doesn't meddle in the DOD procurement process but promises Sarkozy the rebidding process will be open and fair.
Sarkozy says he raised French concerns about its company losing bid to build air tankers for US, but says he trusts Obama.
Sarkozy says there may be disagreements between him and Obama, but never for the wrong reasons. "There's a lot of trust," says Sarkozy.
Sarkozy says Obama is "easy to work with." "When Obama says something he keeps his word. His word is his bond."
Obama says of pressuring Iran: "‘we think that we can get sanctions within weeks."Obama and Sarkozy agree on Israel:
During the press conference, Sarkozy also joined Obama in condemning Israeli settlement activity in east Jerusalem.
Sarkozy said his own commitment to Israel's security was well known, but added that the settlement activity in an area claimed by the Palestinians "contributes nothing."
Sarkozy praised Obama for trying to engage the two sides in peace talks. Sarkozy said the "absence of peace" in the region "is a problem for all of us" — and that it feeds terrorism around the world. MSNBC
Obama Expecting Financial Overhaul by June
White House officials said President Barack Obama expects the Senate to approve a financial overhaul by the end of May.
White House Press Secretary Robert Gibbs on Tuesday said Obama expects to sign the legislation before the two-year anniversary of the financial collapse.
“I don't think that's an unrealistic timetable at all,” Gibbs said.
Gibbs said he expects financial reform to be the next piece of business the Senate picks up after the Easter recess. The Hill
Obama's second year agenda:
Arne Duncan on New Student Loan Reforms
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Obama Signs Healthcare and Education BIll March 30
Jill Biden introduced Obama, who is set to sign the reconciliation bill, which includes the health fixes and the student loan reform. Obama is speaking at Northern Virginia Community College. The event started at 11:05 am eastern.
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Obama's Interview With Matt Lauer March 30
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Visit msnbc.com for breaking news, world news, and news about the economy
Visit msnbc.com for breaking news, world news, and news about the economy
Visit msnbc.com for breaking news, world news, and news about the economy
Monday, March 29, 2010
Ray LaHood Likes Bikes
The Obamas Host White House Seder 2010
As the sun sets Monday evening, President Obama will break matzo in celebration of Passover.
Obama will gather with friends, family and staff in the Old Family Dining Room to retell the story of how God inflicted 10 plagues on Egypt until the pharaoh let his Hebrew slaves go. And, if last year is any guide, they’ll recite prayers and eat gefilte fish, and Malia and Sasha will ask the traditional four questions about the meaning of the dinner. More at Politico
Obama and Sarkozy Speak to the Press March 30
Obama and Joe Biden will meet with France's President Nicolas Sarkozy at 3 pm eastern. Obama and Sarkozy will speak to the press at 4:45 pm. It will be live streamed at WhiteHouse.gov.
Later, the Obamas will host Sarkozy and his wife, Carla Bruni, at the White House for din din.
Obama's Interview With Matt Lauer March 29
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Visit msnbc.com for breaking news, world news, and news about the economy
Obama says Karzai is listening but the progress is too slow:
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Race to the Top Winners: Delaware and Tennessee
U.S. Secretary of Education Arne Duncan announced today that Delaware and Tennessee have won grants in the first phase of the Race to the Top competition.
"We received many strong proposals from states all across America, but two applications stood out above all others: Delaware and Tennessee," Duncan said in announcing the winners. "Both states have statewide buy-in for comprehensive plans to reform their schools. They have written new laws to support their policies. And they have demonstrated the courage, capacity, and commitment to turn their ideas into practices that can improve outcomes for students."
Delaware will receive approximately $100 million and Tennessee $500 million to implement their comprehensive school reform plans over the next four years. As with any federal grant program, budgets will be finalized after discussions between the grantees and the Department, and the money will be distributed over time as the grantees meet established benchmarks.
The U.S. Department of Education will have about $3.4 billion available for the second phase of the Race to the Top competition. Read more at the Dept. of Ed
Karzai Uncomfortable Around Obama
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Romney in Hot Tea Water Over Healthcare
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Obama to Throw Opening Day Pitch April 5
President of the United States Barack Obama will throw the ceremonial first pitch at Nationals Park in Washington D.C. prior to the 2010 season opener between the Washington Nationals and the defending National League Champion Philadelphia Phillies on Monday, April 5 at 1:05 p.m.That's the same day as the White House Easter Egg Roll:
"Opening Day of the baseball season is a special event for our country and its importance has been reinforced by the 100-year history of Presidential participation," said Baseball Commissioner Allan H. (Bud) Selig, who will be in attendance for the historic First Pitch. "I am proud that President Obama will continue the long Presidential tradition of throwing out the first pitch of Opening Day in Washington D.C." Washington Nationals
The President and First Lady have announced that this year’s White House Easter Egg Roll will be held on Monday, April 5, 2010 with the theme of “Ready, Set, Go!” promoting health and wellness. The event will feature live music, sports courts, cooking stations, storytelling and, of course, Easter egg rolling. All of the activities will encourage children to lead healthy and active lives and follow the First Lady’s ‘Let’s Move!’ initiative, a national campaign to combat childhood obesity. The White House will open its South Lawn for children aged 12 years and younger and their families. Full ticketing information is below. We hope to see you at the White House! More at WH
U.S. to Sell Citigroup Stock for Net Profit
The Treasury Department said Monday it will begin selling the stake it owns in Citigroup Inc., which could result in a profit to the government of about $7.5 billion.
The government received 7.7 billion shares of Citigroup in exchange for $25 billion it gave the bank during the 2008 credit crisis. It said it will sell the shares over the course of this year, depending on market conditions. ....
Citi, one of the hardest hit banks during the credit crisis and recession, received a total of $45 billion in bailout money, one of the largest rescues in the program. Of the $45 billion, $25 billion was converted to the government's ownership stake in the bank.
The Treasury paid $3.25 a share for its stake.
New York-based Citi repaid the other $20 billion it owed the government in December.
MSNBC
Obama's Statement on Moscow Metro Suicide Bombings
I send my deepest condolences to the people of Russia after the terrible loss of life and injuries resulting from the bombings on the Moscow Metro. The American people stand united with the people of Russia in opposition to violent extremism and heinous terrorist attacks that demonstrate such disregard for human life, and we condemn these outrageous acts. My thoughts and prayers go out to those who lost loved ones, and I wish all who sustained injuries a succesful recovery.
Sunday, March 28, 2010
Obama in Afghanistan Live Stream March 28
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Tea Partiers Won't Vote for John McCain for One Reason Alone
Obama Touches Down in Afghanistan March 28
President Obama landed in the dark at Bagram Air Base in Afghanistan this morning after a secret, 13-hour flight from Washington. He's scheduled to meet with Afghan President Hamid Karzai and his cabinet, then spend some time with U.S. troops. He's expected to leave the country before the Afghan sunrise, and be back in Washington early Monday.According to CBS' Mark Knoller, Obama left Andrews AFB at 10:55 pm eastern.
The unannounced visit comes as the U.S. and allied forces consolidate their hold on the territory surrounding Marjah and prepare for a bigger battle in Kandahar — the birthplace and spiritual home of the Taliban.
National Security Adviser Jim Jones describes this as a "strategic moment" in the Afghan conflict, in which coalition forces are beginning to implement the president's new strategy for the region. The meeting with Karzai is intended to impress on the Afghan leader the role his government has to play in rooting out corruption, battling narco-traffickers, and building credible government services in the countryside. More at NPR
Obama was met on arrival at Bagram Air Base by US Amb. Karl Eikenberry and top US Commander Gen. Stanley McChrystal.He also tweets:
US officials say Obama will stress need for more progess against corruption, narco-trafficking & merit-based appointment of officials.Obama welcomed in Afghanistan:
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Saturday, March 27, 2010
Sam Kass Unveils White House Winter Garden
Obama Makes 15 Recess Appointments
After facing months of Republican obstruction to administration nominees, President Obama announced his intent to recess appoint fifteen nominees to fill critical administration posts that have been left vacant, including key positions on the economic team and on boards that have been left with vacancies for months.
“The United States Senate has the responsibility to approve or disapprove of my nominees. But if, in the interest of scoring political points, Republicans in the Senate refuse to exercise that responsibility, I must act in the interest of the American people and exercise my authority to fill these positions on an interim basis,” said President Barack Obama. “Most of the men and women whose appointments I am announcing today were approved by Senate committees months ago, yet still await a vote of the Senate. At a time of economic emergency, two top appointees to the Department of Treasury have been held up for nearly six months. I simply cannot allow partisan politics to stand in the way of the basic functioning of government.”
Following their appointment, these nominees will remain in the Senate for confirmation.
Obama Administration appointees have faced an unprecedented level of obstruction in the Senate.
President Obama currently has a total of 217 nominees pending before the Senate. These nominees have been pending for an average of 101 days, including 34 nominees pending for more than 6 months.
The 15 nominees President Obama intends to recess appoint have been pending for an average of 214 days or 7 months for a total of 3204 days or almost 9 years.
President Bush had made 15 recess appointments by this point in his presidency, but he was not facing the same level of obstruction. At this time in 2002, President Bush had only 5 nominees pending on the floor. By contrast, President Obama has 77 nominees currently pending on the floor, 58 of whom have been waiting for over two weeks and 44 of those have been waiting more than a month.
The President announced his intention to recess appoint the following nominees: Read the nominee bios here
Friday, March 26, 2010
Obama Off to Camp David a Happy Camper
After signing healthcare reform into law, agreeing to a new nuclear arms reduction treaty and moving forward with financial reform, President Barack Obama will spend the weekend at the presidential retreat at Camp David, Md.
And top White House aides say, "He knows he has" earned it.
"Best week we've had in a long damn time," one senior administration official told The Hill. More at The Hill
Obama Signs Healthcare Part 2 in Virginia March 30
This is the second part of healthcare, the so-called reconciliation bill that just passed the House yesterday. The bill also has the student loan reform, which begins July 1, 2010:
On Tuesday morning, March 30th at Northern Virginia Community College, President Obama will sign the Health Care and Education Reconciliation Act of 2010, which delivered a significant down payment on the President's ambitious agenda to make higher education more affordable and help more Americans earn a college degree.
New Obama Book: The Bridge
The book has a rich account of Obama's childhood and student years, and includes interviews with people, such as Obama's college roommates, who shunned the media freak show in 2008, but were willing to talk to Remnick, and even to share with him their old, well-written letters and short stories (!) from Obama in Chicago.
The book doesn't dramatically change the public portrait of Obama, but it deepens it, and and is the strongest effort since Dreams from My Father to put him in a kind of narrative context. The narrative doesn't always follow Dreams; notably, it's far clearer on Obama's ambition, which had become clear before he left Chicago for Harvard, to run for office. Read an excerpt on how Obama became Obama by walking through Central Park at Politico
New Homeowner Program for Underwater Mortgages
The Administration’s goal is to promote stability for both the housing market and homeowners. To meet these objectives, the Administration has developed a comprehensive approach using state and local housing agency initiatives, tax credits for homebuyers, neighborhood stabilization and community development programs, mortgage modifications and refinancing, and support for Fannie Mae and Freddie Mac. The Administration’s efforts for homeowners have focused on giving responsible households an opportunity to remain in their homes when possible while they get back up on their feet, or to relocate to a more sustainable living situation. Today, mortgage rates are at record lows and, thanks in large part to these programs, more than four million homeowners have refinanced their mortgages to more affordable levels helping to save more than $7 billion annually, more than one million are saving an average of over $500 per month through the Administration’s modification program, home equity increased by more than $12,000 for the average homeowner in the last three quarters last year and the economy is growing.
Even with this success, we continue to see challenges. Servicers were slow to implement HAMP, resulting in a slow start for the program. Recent improvements in the program have accelerated the pace of modifications, and the adjustments announced today will improve performance. But our strategy to address the crisis must evolve because our challenges have also evolved.
Our housing initiatives must balance the need to help responsible homeowners struggling to stay in their homes, with the recognition that we cannot and should not help everyone. The President has said: “We can’t stop every foreclosure.” And in fact, we can’t maintain the balance described above if we assist every borrower. For example, investors and speculators should not be protected under our efforts, nor should Americans living in million dollar homes or defaulters on vacation homes. Some people simply will not be able to afford to stay in their homes because they bought more than they could afford. Instead, the Administration must focus on providing responsible homeowners opportunities to obtain a modification or to refinance and prevent avoidable foreclosures and, when necessary, must facilitate the transition to a more sustainable housing situation. The adjustments announced today are tailored to accomplish these goals by helping a targeted group of borrowers.
Eligible homeowners for modifications under HAMP must, for example: live in an owner occupied principal residence, have a mortgage balance less than $729,750, owe monthly mortgage payments that are not affordable (greater than 31 percent of their income) and demonstrate a financial hardship. The new flexibilities for the modification initiative announced today continue to target this group of homeowners.
The FHA refinance options being announced today will provide more opportunities for lenders to restructure loans for some families who owe more than their home is worth. This is a voluntary program for lenders and homeowners. The population eligible for a FHA refinance must be current on their mortgage. This rewards responsible homeowners and creates stabilizing incentives in the housing market.
Taken together, the Administration’s broad housing initiatives and the new flexibilities announced today will offer a second chance to millions of responsible, middle-class American families struggling to stay in their homes and will help to stabilize our households, neighborhoods and communities.
Police Report: Bullet in Cantor's Office Random
Richmond police say the bullet that hit a window of Republican Virginia Congressman Eric Cantor's office had been randomly fired skyward.
Amid reports of threats and vandalism against Democrats who voted Sunday for sweeping health care reforms, Cantor said at a Washington news conference Thursday that a bullet was fired into his Richmond office.
In a news release, Richmond police said that the bullet had been fired into the air early Tuesday. It hit the front window of a building that houses Cantor's campaign office as it fell to back earth at a sharp angle. Wdbj7
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Reconciliation Done Healthcare Done
Healthcare is done and done. Tonight the House passed the fixes in a reconciliation bill, which also includes student loan reform. Republicans tried hard to obstruct but they didn't get very far this time. John Dingell is pleased:
My dad is smiling. In the end, nothing could stop thisObama is expected to sign the reconciliation bill soon:
The House of Representatives cleared the final hurdle in Congress' overhaul of the nation's health care system, passing a health care reconciliation bill by a 220-207 vote.Pelosi's last healthcare gavel!
In Iowa, the president challenges Republicans to campaign on repealing new law.
The amendment bill, which included the fixes made to the Senate version of the health care bill, will now go to President Obama for his signature.
The Senate passed the legislation this afternoon by a 56-43 margin after defeating 41 amendments offered by Republicans.
Three Democrats, including Sens. Blanche Lincoln and Mark Pryor of Arkansas and Sen. Ben Nelson of Nebraska -- all of whom voted for the original Senate health care legislation -- voted against the reconciliation bill. ABC