Category Archives: News, Politics, Government

Financial • Check out the story of America’s recovery, the mind of Obama

By Gary Triplett The White House, Washington
wh-seal-email-friendly.jpg
Hello, everyone —

In the early hours of September 15, 2008, five years ago last Sunday, Lehman Brothers announced it would file for Chapter 11 bankruptcy protection. Lehman was a giant of the financial system — the fourth-largest investment bank in the US, a firm that employed thousands of brokers and analysts, with billions in assets that were suddenly worthless — and its collapse sent shock waves through the global economy.

Suddenly, it was obvious that the next president of the United States would inherit a staggering economic crisis. But the challenge that President Obama was forced to confront didn’t just begin in 2008. Even before Lehman Brothers, middle-class security had been slowly eroding for decades as jobs became obsolete or were shipped overseas.

So as we mark this anniversary, we’ve asked senior staff from across the Obama administration to sit down and talk about the moment when key decisions were made — the factors they weighed, the results of the actions that President Obama took. What we’ve put together is a behind-the-scenes look of the decision-making process that you won’t find anywhere else.

Check out the story of America’s recovery, then share it with your friends.

By the end of 2008, the economy was shrinking by an annual rate of more than 8 percent, our businesses were shedding 800,000 jobs a month, and credit was frozen for families and small businesses. We were in the midst of the worst economic crisis since the Great Depression. On the day that I first began working in the White House in 2009, the auto industry was on the brink of collapse and the President was wrestling with how to help the millions of families in thousands of communities who would have been devastated if the motor companies died.

That’s the lens through which President Obama saw his responsibilities, and it’s a consistent theme in all the stories we’ve collected. Every decision he made was meant to stop the economy from spiraling out of control, put people back to work, and reverse the trends that had buffeted middle class for decades. The task was nothing short of monumental — to clear away the rubble of the crisis and lay down a new foundation for sustained economic growth in the United States.

There’s no diminishing the severity of the challenge we’ve overcome together, and we’ve got a lot more work to do to rebuild an economy where everyone who works hard has a chance to get ahead. But five years after Lehman Brothers bankruptcy, we want to help everyone get the context and see the full picture.

Take a minute to learn more about where we are five years after the start of the financial crisis:

http://www.whitehouse.gov/five-years-later

Thanks!

David

David Simas
Deputy Senior Advisor
The White House
@Simas44
Visit WhiteHouse.gov

The White House • 1600 Pennsylvania Ave NW • Washington, DC 20500 • 202-456-1111

Statistics: Posted by Gary Triplett — Tue Sep 17, 2013 5:05 pm


…read more

Via: gov.summit.net

What’s On Your Mind • Ode to Common Sense

By Gary Triplett

ODE TO COMMON SENSE
Obituary printed in the London Times…..Absolutely Brilliant !!

Today we mourn the passing of a beloved old friend, Common Sense , who has been with us for many years. No one knows for sure how old he was, since his birth records were long ago lost in bureaucratic red tape. He will be remembered as having cultivated such valuable lessons as:

– Knowing when to come in out of the rain;
– Why the early bird gets the worm;
– Life isn’t always fair;
– And maybe it was my fault.

Common Sense lived by simple, sound financial policies (don’t spend more than you can earn) and reliable strategies (adults, not children, are in charge).

His health began to deteriorate rapidly when well-intentioned but overbearing regulations were set in place. Reports of a 6-year-old boy charged with sexual harassment for kissing a classmate; teens suspended from school for using mouthwash after lunch; and a teacher fired for reprimanding an unruly student, only worsened his condition.

Common Sense lost ground when parents attacked teachers for doing the job that they themselves had failed to do in disciplining their unruly children.

It declined even further when schools were required to get parental consent to administer sun lotion or an aspirin to a student; but could not inform parents when a student became pregnant and wanted to have an abortion.

Common Sense lost the will to live as the churches became businesses; and criminals received better treatment than their victims.

Common Sense took a beating when you couldn’t defend yourself from a burglar in your own home and the burglar could sue you for assault.

Common Sense finally gave up the will to live, after a woman failed to realize that a steaming cup of coffee was hot. She spilled a little in her lap, and was promptly awarded a huge settlement.

Common Sense was preceded in death,
-by his parents, Truth and Trust,
-by his wife, Discretion,
-by his daughter, Responsibility,
-and by his son, Reason.

He is survived by his 5 stepbrothers;
– I Know My Rights
– I Want It Now
– Someone Else Is To Blame
– I’m A Victim
– Pay me for Doing Nothing

Not many attended his funeral because so few realized he was gone.

If you still remember him, share this with others. If not, join the majority and do nothing

Statistics: Posted by Gary Triplett — Wed Sep 11, 2013 1:18 pm


…read more

Via: gov.summit.net

Pennsylvania State Government • Pennsylvania man pays school property tax — all in $1 bills

By Gary Triplett An Easton, Pa. man, frustrated over property taxes, visited the local tax office and paid in dollar bills — all $7,143 of it.

One bill at a time.

Local news reports identify the man as Robert Fernandes of Forks Township.

The scene, posted on YouTube, has generated more than 15,600 views — in less than a week.

In the video, Fernandes carries a duffel bag filled with bundled bills, which he proceeds to stack on a counter. He brings doughnuts, offered to “anyone who is inconvenienced here today.”

The tax collector tells Fernandes his protest should probably be directed elsewhere, toward the school board, maybe, which is in charge of setting property tax rates.

“I’m not doing this to make anybody’s life more difficult,” Fernandes tells the collector. “Unfortunately, I wish the same could be said, you know, for me and many others whose lives are more difficult for having to pay property taxes.”

object

Source: Bartle Doo Articles

Statistics: Posted by Gary Triplett — Sat Sep 07, 2013 12:43 pm


…read more

Via: gov.summit.net

What’s On Your Mind • Atheists for Taxation of Churches

By Gary Triplett Atheist_for _taxation.png
Most churches still do God’s work without desire of $$ except to give help, hope and community to so many. What we should be doing, instead of looking for more money in taxes, is to elect our nation’s residents that are well educated and have ethics enough to cut spending. It’s so easy, if anyone offer themselves to be elected to stand up to the job.

ncreasing taxes in this day and age is always the wrong answer. Giving the government the power to shut down the freedom of religion is wrong and dangerous. Anyone who has operated in the non-profit world on the conservative side of things over the last 2-3 years knows how dangerously powerful the IRS can be. Also, just to be clear most churches, at least in Virginia, are not corporations. Also, since churches don’t publicly report revenues, the figure reported for them is more of less made up.

I stand behind churches to continue to be exempt from taxation. Although I’m a Baptist, one great church I found of true value is “First United Methodist Church” in Hanover PA. They offer food, money or life emotional help without question.

What I’ve found troublesome with some churches is their missionary work only to find “numbers” in how many churches they build overseas. While living in Bucharest for a number of years, I found so many that need. I offered a food van to distribute food and let them know the church that gave. No church I contacted was interested… only to tell me that their funds were to build churches.

Statistics: Posted by Gary Triplett — Tue May 13, 2014 9:41 pm


…read more

Via: gov.summit.net

What’s On Your Mind • American Values are Eroding

By Gary Triplett For years, the United States has felt, since Clinton manipulated the markets that allowed for the huge real estate boom during his term. We’ve been paying for it ever since and have also given away our sense of family and God. Family has long provided that true teaching of right and wrong and of the “golden rule’ and love of neighbor with God as it’s base. However, greed and selfishness, with government policies, creates an extreme pressure upon these values as most, in the short term, go down the path of least resistance in order to get and have what they wish, at any expense to anyone else.

In other words, we have been lavishing in our extremes of pleasure while eliminating our industrial power. Mortgages to buy homes and property at artificially inflated prices have been plaguing us with foreclosures and government bailouts. The result has been that the rich get richer and the price tag has been greater national debt that is sold to China. Who will repay these debts and at what expense?

object

Statistics: Posted by Gary Triplett — Sun Feb 16, 2014 11:57 pm


…read more

Via: gov.summit.net

Private Jet Set Kicking The Bucket

By Russ Alan Prince, Contributor For many years travel industry destination marketers elbowed each other to be on the bucket list for mass affluent consumers (household incomes between US$100,000 and US$400,000). The problem was that if per chance they were successful in getting mass affluent consumers to go to Australia this year instead of China, Alaska, Peru, Tahiti, South Africa, India, fill-in-the-blank, the net effect was that these consumers were unlikely to return to these destinations. They had spent a couple thousand bucks, checked it off their list. On the flight back home, they were already thinking about checking off the next box. …read more

Source: FULL ARTICLE at Forbes Latest

Vanguard Health Care Fund Gains 27%, Buys 4 New Stocks

By GuruFocus, Contributor

Edward Owens retired at the end of 2012, but his Vanguard Health Care Fund (VGHCX) lives on under the management of Jean M. Hynes CFA, a Vanguard senior vice president, partner and global industry analyst who joined the company in 2008. Owens outperformed every other U.S. mutual fund since its inception in 1984 through his retirement. …read more

Source: FULL ARTICLE at Forbes Latest

Taxpayer Funded Congressional 'Boondoggles' Are Much More Than A Vacation, A Joke, Or An Irritant

By Bill Frenzel, Contributor

With the August recess just around the corner, Congressional Delegations (CODELS) are  gearing up for travels to various parts of the world. No matter where those delegations go, the press can be relied on to ridicule the travelers as itchy-footed wastrels, and their trips as junkets.  The public will mostly agree with the press’ point of view. …read more

Source: FULL ARTICLE at Forbes Latest

The Regulatory State Is Strangling Startups, And Destroying Jobs

By John Chisholm, Contributor

In 1992, when I started my first company, you could freely hire a programmer or other contractor for as many hours or days per week as you could afford and as the individual was available.  As you grew, you could gradually increase the hours the contractor worked until you could afford to make him or her an employee.  It was a natural, frugal way to get a business off the ground. …read more

Source: FULL ARTICLE at Forbes Latest