Archives for FUBAR

Foreclosures rise again

Lenders took back more homes in August than in any month since the start of the U.S. mortgage crisis. The increase in home repossessions came even as the number of properties entering the foreclosure process slowed for the seventh month in a row, foreclosure listing firm RealtyTrac Inc. said Thursday. In all, banks repossessed 95,364 properties last month, up 3 percent from July and an increase of 25 percent from August 2009, RealtyTrac said. August makes the ninth month in a row that the pace of homes lost to foreclosure has increased on an annual basis. The previous high was
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How the feds wasted money in Gulf oil spill debacle

The federal government hired a New Orleans man for $18,000 to appraise whether news stories about its actions in the Gulf oil spill were positive or negative for the Obama administration, which was keenly sensitive to comparisons between its response and former President George W. Bush’s much-maligned reaction to Hurricane Katrina. The government also spent $10,000 for just over three minutes of video showing a routine offshore rig inspection for news organizations but couldn’t say whether any ran the footage. And it awarded a $216,625 no-bid contract for a survey of seabirds to an environmental group that has criticized what
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Obama lied about health care costs

When a government report found that President Barack Obama’s health overhaul would modestly raise the nation’s total health care tab, the White House responded with a statistic suggesting costs would go down. Health reform director Nancy-Ann DeParle wrote on the White House blog last week that the same government report indicates spending per insured person will be more than $1,000 lower in 2019 because of the law — some 9 percent below previous projections. “The act will make health care more affordable for Americans,” DeParle said. It turns out that may be fuzzy math. The head of the nonpartisan economic
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Poverty increasing under Obama’s Presidency

The number of people in the U.S. who are in poverty is on track for a record increase on President Barack Obama‘s watch, with the ranks of working-age poor approaching 1960s levels that led to the national war on poverty. Census figures for 2009 — the recession-ravaged first year of the Democrat’s presidency — are to be released in the coming week, and demographers expect grim findings. It’s unfortunate timing for Obama and his party just seven weeks before important elections when control of Congress is at stake. The anticipated poverty rate increase — from 13.2 percent to about 15
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Controversies stalk 9/11 observances

Politics threatened to overshadow a day of mourning Saturday for nearly 3,000 Sept. 11 victims amid a polarizing national debate over a planned mosque blocks from the site where Islamic extremists attacked America. Chants of thousands of sign-waving protesters both for and against the planned Islamic center were expected after — and perhaps during — a ceremony normally known for somber church bells ringing and a sad litany of families reading their lost loved ones’ names. President Barack Obama and first lady Michelle Obama were to attend separate services in Washington and Shanksville, Pa., for the victims of hijacked jetliners
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After nine years, bin Laden still at large

Nine years after the Sept. 11 attacks, President Barack Obama said the U.S. has forced Osama bin Laden “deep underground” but Americans will face an expanded terror threat for years to come from other al-Qaida extremists “willing to die to kill other people.” The government is no less determined to kill or capture the 9/11 architect, he said. But the nation must remember the fight is with al-Qaida terrorists, not the much wider world of people of Muslim faith. On the eve of the ninth anniversary of the 2001 attacks, a day magnified by heightened tensions over a planned mosque
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Facts don’t support hype of Obama’s failed health care law

President Barack Obama told voters repeatedly during the health care debate that the overhaul legislation would bring down fast-rising health care costs and save them money. Now, he’s hemming and hawing on that. So far, the law he signed earlier this year hasn’t had the desired effect. An analysis from Medicare’s Office of the Actuary this week said that the nation’s health care tab will go up — not down — through 2019 as a result of Obama’s sweeping law, though the increase is modest. Obama offered some caveats when asked in his news conference Friday about the apparent discrepancy
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To burn or not to burn: That is the question

Will he or won’t he? Negotiations between a local Muslim cleric and the leader of a tiny Florida church who had threatened to publicly burn copies of Islam’s holy text left the heated debate in a state of confusion with the ninth anniversary of the 9/11 terrorist attacks a day away. The Rev. Terry Jones said Thursday he would call off the planned burning of Qurans based on a deal negotiated with the president of the Islamic Society of Central Florida that the location of a mosque planned near ground zero in New York would be changed. But Imam Muhammad
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Obama to Koran-burning minister: ‘Call off your stunt’

President Barack Obama implored a Florida minister to call off his Quran-burning “stunt,” saying it would jeopardize U.S. troops abroad. Obama told ABC’s “Good Morning America” in an interview aired Thursday that he hopes the Rev. Terry Jones of Florida listens to “those better angels” and to the individuals and organizations pleading with him to change his mind. “If he’s listening, I hope he understands that what he’s proposing to do is completely contrary to our values as Americans,” the president said. “That this country has been built on the notion of freedom and religious tolerance.” “And as a very
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‘Don’t ask, don’t tell’ ruled unconstitutional

A federal judge said she will issue an order to halt the military’s “don’t ask, don’t tell” policy, after she declared the ban on openly gay service members unconstitutional. U.S. District Judge Virginia Phillips ruled Thursday that the prohibition on openly gay military service members was unconstitutional because it violates the First and Fifth Amendment rights of gays and lesbians. The policy doesn’t help military readiness and instead has a “direct and deleterious effect” on the armed services by hurting recruitment efforts during wartime and requiring the discharge of service members who have critical skills and training, she said. The
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