Wednesday, March 4, 2009

Will "Irresponsible Homeowners" step out of the room so we can all move on?

So the Treasury Department today released the details for HARP "Home Affordable Refinance Program" & HAMP "Home Affordable Modification Program". The title of this press release is "Relief for Responsible Homeowners".

Drum roll please... Apparently, the plan is NOT going to be able to save EVERYBODY. (Actually, the number given today is 7 to 9 million homeowners). To emphasize, the White House Press Secretary Robert Gibbs gave this simple message:

"This is not going to save every person's home."

OMG! We didn't expect that!

Sarcasm aside, there have been understandably a lot of cries of "What about me?" all over the country.

In order to make folks feel better, Mr. Gibbs said, according to Kai Ryssdal on Marketplace, "people who bought homes they clearly could never afford won't get help."

So my question once again is: how are you going to prove and enforce that?

Being a visual person, this is how I envision the scene inside my head:

(In contrast to the Nextel commercial shown here)

Chairperson: Will the Irresponsible Homeowners please stand up and get out of the room so we can all move on?

Cricket chirping.

Chairperson: Anybody? Bueller?

Homeowners look at each other angrily.

Chairperson: Nobody?

Now, this is a commercial that Nextel will not be making. Ever.


Posted via web from The Absence of Alternatives

Labels: , ,

Friday, February 20, 2009

Utah Senator Butt-Arse calls Gays immoral. And polygamy is? Where is the Big Love?

No flaming please.  I didn't mean to compare Gays to Polygamists.  But if Utah Senator Chris Butt-Ars (A-ha!) has his right to speak what is on his mind, to spout garbage based on stereotypes and gross generalization and nothing else, despite being an elected public official, then I have the right to generalize the State of Utah as still the hotbed of polygamy, and then to generalize polygamy as the Pantheon of immorality. 
 
Hey, it is a free country, right?  Butt-Ars's Republican colleagues in the Senate seem to believe so.
 
Here is the gist:
 
In an interview for a documentary film, "Butt-Ars called gays 'the greatest threat to America' and likened them to Muslim radicals. He said homosexuals lack any morals and want special rights.  'It's the beginning of the end,' Buttars said. 'Oh, it's worse than that. Sure. Sodom and Gomorrah was localized. This is worldwide.'"
 
Butt-ars has been stripped of his chairmanships by Senate Republicans after a closed-door meeting brought about by the outcry, and his Republican colleagues were outraged and they are standing behind him.  (I wish I had loyal friends like these...)  Butt-ars likewise refused to apologize, but rather relished the pride of taking a stand for his own beliefs.  (Imagine: what if we all had showed respect for the slave owners who took the stand for their own beliefs?  Hmmm...)
 
Below is the lengthy quote from The Salt Lake Tribune because you simply cannot make this stuff up! 
 
"I want the citizens of Utah to know that the Utah Senate stands behind Senator Buttars right to speak, we stand behind him as one of our colleagues and his right to serve this state," said Senate President Michael Waddoups, R-Taylorsville. "He is a senator who represents the point of view of many of his constituents and many of ours. We agree with many of the things he said. . . . We stand four square behind his right [to say what he wants]."

Buttars, R-West Jordan, said he "totally" disagrees with his removal from the panel. In a statement he plans to post on the Senate's Web page, he said the action was an attempt to "shy away from controversy." And, he said, he would not apologize for his comments.

"I don't have anything to apologize for," he said.

"When it comes right down to it," Buttars said in his statement, "I would rather be censured for doing what I think is right, than be honored by my colleagues for bowing to the pressure of a special-interest group that has been allowed to act with impunity."

 
Wow.  Are you kidding me?  Is this for real?  In this day and age?  I must be incredibly naive to be astounded by these news lately so easily.   
 
This and the Cartoon from the New York Post yesterday are reminders that we should not be complacent about "How far we have come along" despite the victory of having elected the first African American POTUS.  Baby, we've still got a long way to go...

Labels: , , , ,

Wednesday, February 18, 2009

Americans pay $650 billion more for health care than comparable countries...


It is technically $643 billion, the additional amount Americans paid for health care in 2006 compared to the other countries with comparable wealth and health, according to the research article "Why Americans Pay More for Health Care?" in the December 2008 issue of the venerable McKinsey Quarterly. (Ok, probably not as venerable as The Harvard Business Review, but still a good thing to be inserted into your conversation with your interviewers...)


Please don't freak out: this article is actually quite easy to follow and it is written in plain English, so there is no "Huh? WTF are they talking about?" or "Do they know what they themselves are saying?" moment. I promise. In addition, there are a lot of charts. We love charts! And these charts actually say something and make sense. Bonus.

Some quick takeaways:

Countries spend more on health care as they become wealthier.

The main source of this gap of $650 billion? Outpatient care. "Outpatient care is by far the largest and fastest-growing part of it, accounting for $436 billion, or two-thirds of the $650 billion figure. The cost of drugs and the cost of health care administration and insurance (all nonmedical costs incurred by health care payers) account for an additional $98 billion and $91 billion, respectively, in extra spending."

"Today, the US system delivers 65 percent of all care in outpatient contexts, up from 43 percent in 1980."

Although in theory this shift should have cut the cost down, in reality the overall cost went up because of the high utilization rate of outpatient care. However, it is not because we go to see the doctors a lot more often, rather, the average costs per visit has gone up and the number of expensive tests, such as MRIs and CT scans, are performed more frequently.

The root cause of this? Insurance and low out-of-pocket expense.

There is no check in place to guard the price increase. On the contrary, seeing a doctor may be like buying a high-end purse -- if it is expensive, it must be good. And vice versa.

The article concludes thus, "In the United States, the 'average' consumer of health care pays for only 12 percent of its total cost directly out of pocket (down from 47 percent in 1960), as well as for 25 percent of health care insurance premiums, a share that has stayed relatively constant for the last decade. Well-insured patients who bear little, if any, of the cost of their treatment have no incentive to be value-conscious health care consumers."

This sounds familiar but now we have the numbers to back up our suspicions: in order for any health care reform to work and stick, it is important that we carry out the education and cultivation of a new generation of patients that are "value conscious" and treat the burden of health care, even when they do not have to pay for it DIRECTLY, as ultimately their own INDIRECT cross to bear.

Labels: , , , , , ,

Monday, February 2, 2009

Go Madam Secretary Hillary! You look good in pink!

Hillary Clinton was officially sworn in as U.S. Secretary of the State this afternoon. Didn't know that clock didn't start ticking until now for her. Isn't this a very nice, and "human" picture of her? Why couldn't the press show her laughing naturally like this BEFORE November 4? And in pink too?

Labels: , ,

Wednesday, January 21, 2009

Obama is in Da House! Day One: Capping pay for White House employees and banning gifts...

Those who are affected, i.e. those whose salaries are more than 100K a year, are probably not too happy about this, but we are thrilled to hear that the man seeks immediately to rule by example.

"All of you are committed to building a more responsible government... Families are tightening their belts and so should Washington," said President Obama to his staff.

The president also signed new executive orders to implement new ethics rules to ban lobbying by current staff after they leave the administration, including a ban on gifts!

Say that again? I cannot believe this. Amen to that!!

Labels: , , , , , , , , ,

Tuesday, January 20, 2009

Thank GOD for the Onion: so the Republicans can have their laughs too...


or anybody who may get a bit tired of all the serious and sentimental coverage on the Presidential Inauguration...

Here is the Election Coverage from the Onion... "Joe Biden Shows Up To Inauguration With Ponytail": great for macho men on the verge of their tears to immediately change the mood and the topic!

With titilating headlines that could potentially be true in an alternative world, such as "Hillary Clinton Mouthing Along To Presidential Oath", "Joe Biden Shows Up To Inauguration With Ponytail" and "Obama Inauguration Speech Ruined By Incessant Jackhammering", The Onion's coverage is almost as entertaining as the real thing!


Labels: , , , ,

Our President Obama's Inaugural Speech: simple, sincere, straightfoward. We've got a lot of hard choices to make and hard work to do!

I am back on! (I do suffer from bi-polar disorder so I was probably in a funk earlier today...) But no matter. Here is the 44th U.S. President, Barack Obama's inaugural speech. It reminded me why I was captivated by this man the first time I heard him speak on TV, and why I believed that voting for him was the absolutely right thing to do.




Now let's roll up the sleeves and get to work! (I guess we will have to wait until the revelry is done... and remember, PLEASE do more than what P. Diddy pledged to do: turning off lights when he leaves the room... )

Guess what? Fox News gave this speech thumbs down. So it must have been darn brilliant!

"My fellow citizens:

I stand here today humbled by the task before us, grateful for the trust you have bestowed, mindful of the sacrifices borne by our ancestors. I thank President Bush for his service to our nation, as well as the generosity and cooperation he has shown throughout this transition.

Forty-four Americans have now taken the presidential oath. The words have been spoken during rising tides of prosperity and the still waters of peace. Yet, every so often the oath is taken amidst gathering clouds and raging storms. At these moments, America has carried on not simply because of the skill or vision of those in high office, but because We the People have remained faithful to the ideals of our forbearers, and true to our founding documents.

So it has been. So it must be with this generation of Americans.

That we are in the midst of crisis is now well understood. Our nation is at war, against a far-reaching network of violence and hatred. Our economy is badly weakened, a consequence of greed and irresponsibility on the part of some, but also our collective failure to make hard choices and prepare the nation for a new age. Homes have been lost; jobs shed; businesses shuttered. Our health care is too costly; our schools fail too many; and each day brings further evidence that the ways we use energy strengthen our adversaries and threaten our planet.

These are the indicators of crisis, subject to data and statistics. Less measurable but no less profound is a sapping of confidence across our land - a nagging fear that America's decline is inevitable, and that the next generation must lower its sights.

Today I say to you that the challenges we face are real. They are serious and they are many. They will not be met easily or in a short span of time. But know this, America - they will be met.

On this day, we gather because we have chosen hope over fear, unity of purpose over conflict and discord.

On this day, we come to proclaim an end to the petty grievances and false promises, the recriminations and worn out dogmas, that for far too long have strangled our politics.

We remain a young nation, but in the words of Scripture, the time has come to set aside childish things. The time has come to reaffirm our enduring spirit; to choose our better history; to carry forward that precious gift, that noble idea, passed on from generation to generation: the God-given promise that all are equal, all are free, and all deserve a chance to pursue their full measure of happiness.

In reaffirming the greatness of our nation, we understand that greatness is never a given. It must be earned. Our journey has never been one of short-cuts or settling for less. It has not been the path for the faint-hearted - for those who prefer leisure over work, or seek only the pleasures of riches and fame. Rather, it has been the risk-takers, the doers, the makers of things - some celebrated but more often men and women obscure in their labor, who have carried us up the long, rugged path towards prosperity and freedom.

For us, they packed up their few worldly possessions and traveled across oceans in search of a new life.

For us, they toiled in sweatshops and settled the West; endured the lash of the whip and plowed the hard earth.

For us, they fought and died, in places like Concord and Gettysburg; Normandy and Khe Sahn.

Time and again these men and women struggled and sacrificed and worked till their hands were raw so that we might live a better life. They saw America as bigger than the sum of our individual ambitions; greater than all the differences of birth or wealth or faction.

This is the journey we continue today. We remain the most prosperous, powerful nation on Earth. Our workers are no less productive than when this crisis began. Our minds are no less inventive, our goods and services no less needed than they were last week or last month or last year. Our capacity remains undiminished. But our time of standing pat, of protecting narrow interests and putting off unpleasant decisions - that time has surely passed. Starting today, we must pick ourselves up, dust ourselves off, and begin again the work of remaking America.

For everywhere we look, there is work to be done. The state of the economy calls for action, bold and swift, and we will act - not only to create new jobs, but to lay a new foundation for growth. We will build the roads and bridges, the electric grids and digital lines that feed our commerce and bind us together. We will restore science to its rightful place, and wield technology's wonders to raise health care's quality and lower its cost. We will harness the sun and the winds and the soil to fuel our cars and run our factories. And we will transform our schools and colleges and universities to meet the demands of a new age. All this we can do. And all this we will do.

Now, there are some who question the scale of our ambitions - who suggest that our system cannot tolerate too many big plans. Their memories are short. For they have forgotten what this country has already done; what free men and women can achieve when imagination is joined to common purpose, and necessity to courage.

What the cynics fail to understand is that the ground has shifted beneath them - that the stale political arguments that have consumed us for so long no longer apply. The question we ask today is not whether our government is too big or too small, but whether it works - whether it helps families find jobs at a decent wage, care they can afford, a retirement that is dignified. Where the answer is yes, we intend to move forward. Where the answer is no, programs will end. And those of us who manage the public's dollars will be held to account - to spend wisely, reform bad habits, and do our business in the light of day - because only then can we restore the vital trust between a people and their government.

Nor is the question before us whether the market is a force for good or ill. Its power to generate wealth and expand freedom is unmatched, but this crisis has reminded us that without a watchful eye, the market can spin out of control - and that a nation cannot prosper long when it favors only the prosperous. The success of our economy has always depended not just on the size of our Gross Domestic Product, but on the reach of our prosperity; on our ability to extend opportunity to every willing heart - not out of charity, but because it is the surest route to our common good.

As for our common defense, we reject as false the choice between our safety and our ideals. Our Founding Fathers, faced with perils we can scarcely imagine, drafted a charter to assure the rule of law and the rights of man, a charter expanded by the blood of generations. Those ideals still light the world, and we will not give them up for expedience's sake. And so to all other peoples and governments who are watching today, from the grandest capitals to the small village where my father was born: know that America is a friend of each nation and every man, woman, and child who seeks a future of peace and dignity, and that we are ready to lead once more.

Recall that earlier generations faced down fascism and communism not just with missiles and tanks, but with sturdy alliances and enduring convictions. They understood that our power alone cannot protect us, nor does it entitle us to do as we please. Instead, they knew that our power grows through its prudent use; our security emanates from the justness of our cause, the force of our example, the tempering qualities of humility and restraint.

We are the keepers of this legacy. Guided by these principles once more, we can meet those new threats that demand even greater effort - even greater cooperation and understanding between nations. We will begin to responsibly leave Iraq to its people, and forge a hard-earned peace in Afghanistan. With old friends and former foes, we will work tirelessly to lessen the nuclear threat, and roll back the specter of a warming planet. We will not apologize for our way of life, nor will we waver in its defense, and for those who seek to advance their aims by inducing terror and slaughtering innocents, we say to you now that our spirit is stronger and cannot be broken; you cannot outlast us, and we will defeat you.

For we know that our patchwork heritage is a strength, not a weakness. We are a nation of Christians and Muslims, Jews and Hindus - and non-believers. We are shaped by every language and culture, drawn from every end of this Earth; and because we have tasted the bitter swill of civil war and segregation, and emerged from that dark chapter stronger and more united, we cannot help but believe that the old hatreds shall someday pass; that the lines of tribe shall soon dissolve; that as the world grows smaller, our common humanity shall reveal itself; and that America must play its role in ushering in a new era of peace.

To the Muslim world, we seek a new way forward, based on mutual interest and mutual respect. To those leaders around the globe who seek to sow conflict, or blame their society's ills on the West - know that your people will judge you on what you can build, not what you destroy. To those who cling to power through corruption and deceit and the silencing of dissent, know that you are on the wrong side of history; but that we will extend a hand if you are willing to unclench your fist.

To the people of poor nations, we pledge to work alongside you to make your farms flourish and let clean waters flow; to nourish starved bodies and feed hungry minds. And to those nations like ours that enjoy relative plenty, we say we can no longer afford indifference to suffering outside our borders; nor can we consume the world's resources without regard to effect. For the world has changed, and we must change with it.

As we consider the road that unfolds before us, we remember with humble gratitude those brave Americans who, at this very hour, patrol far-off deserts and distant mountains. They have something to tell us today, just as the fallen heroes who lie in Arlington whisper through the ages. We honor them not only because they are guardians of our liberty, but because they embody the spirit of service; a willingness to find meaning in something greater than themselves. And yet, at this moment - a moment that will define a generation - it is precisely this spirit that must inhabit us all.

For as much as government can do and must do, it is ultimately the faith and determination of the American people upon which this nation relies. It is the kindness to take in a stranger when the levees break, the selflessness of workers who would rather cut their hours than see a friend lose their job which sees us through our darkest hours. It is the firefighter's courage to storm a stairway filled with smoke, but also a parent's willingness to nurture a child, that finally decides our fate.

Our challenges may be new. The instruments with which we meet them may be new. But those values upon which our success depends - hard work and honesty, courage and fair play, tolerance and curiosity, loyalty and patriotism - these things are old. These things are true. They have been the quiet force of progress throughout our history. What is demanded then is a return to these truths. What is required of us now is a new era of responsibility - a recognition, on the part of every American, that we have duties to ourselves, our nation, and the world, duties that we do not grudgingly accept but rather seize gladly, firm in the knowledge that there is nothing so satisfying to the spirit, so defining of our character, than giving our all to a difficult task.

This is the price and the promise of citizenship.

This is the source of our confidence - the knowledge that God calls on us to shape an uncertain destiny.

This is the meaning of our liberty and our creed - why men and women and children of every race and every faith can join in celebration across this magnificent mall, and why a man whose father less than sixty years ago might not have been served at a local restaurant can now stand before you to take a most sacred oath.

So let us mark this day with remembrance, of who we are and how far we have traveled. In the year of America's birth, in the coldest of months, a small band of patriots huddled by dying campfires on the shores of an icy river. The capital was abandoned. The enemy was advancing. The snow was stained with blood. At a moment when the outcome of our revolution was most in doubt, the father of our nation ordered these words be read to the people:

"Let it be told to the future world…that in the depth of winter, when nothing but hope and virtue could survive…that the city and the country, alarmed at one common danger, came forth to meet [it]."

America. In the face of our common dangers, in this winter of our hardship, let us remember these timeless words. With hope and virtue, let us brave once more the icy currents, and endure what storms may come. Let it be said by our children's children that when we were tested we refused to let this journey end, that we did not turn back nor did we falter; and with eyes fixed on the horizon and God's grace upon us, we carried forth that great gift of freedom and delivered it safely to future generations."

Labels: , , , , , , ,

Wednesday, November 19, 2008

Cliche: History repeats itself OR I am really really pissed

Or is it?

From NPR:

"In 1979, Chrysler avoided collapse by getting $1.5 billion in loans from the government. Charles Hyde, professor of history at Wayne State University and author of Riding the Roller Coaster: A History of the Chrysler Corporation, says in return Congress insisted that the company come up with some $2 billion in cost-savings and concessions."

I mean, is it a cliche if history DID repeat itself?

Or maybe not, since it seems that at the last bailout of Chrysler, the Gov. actually came out ahead (to the tune of $500 million). How about this time? People have changed in the last 3 decades. 30 years ago people did not grow up with such a sense of entitlement, corporate greed was not openly a norm, and personal responsibilities were taught and valued.

Fast forward to today. Ok, fine, Tuesday. The Big 3 Automakers' CEOs flew on their own private jets, not ONE, but THREE, to Washington today to make the case for their needing to be rescued. Seriously? You can't make this stuff up.

Here is more of this priceless gem from ABC:

"The CEOs of the big three automakers flew to the nation's capital yesterday in private luxurious jets to make their case to Washington that the auto industry is running out of cash and needs $25 billion in taxpayer money to avoid bankruptcy.

The CEOs of GM, Ford and Chrysler may have told Congress that they will likely go out of business without a bailout yet that has not stopped them from traveling in style, not even First Class is good enough.

All three CEOs - Rick Wagoner of GM, Alan Mulally of Ford, and Robert Nardelli of Chrysler - exercised their perks Tuesday by flying in corporate jets to DC. Wagoner flew in GM's $36 million luxury aircraft to tell members of Congress that the company is burning through cash, asking for $10-12 billion for GM alone."

Labels: , , ,

I am changing my name to Fannie Mae!

Ok, I didn't come up with such a clever title, of course not. The venerable Tom Paxton changed his old song "I am Changing My Name to Chrysler" to fit the current climate. Some things just never change, do they?

Watch Paxton sing this catchy song on YouTube:



Lyrics to the song, in case you feel like a sing-along at your Christmas Party where you serve pea soup and Spam this year.

I AM CHANGING MY NAME TO FANNIE MAE By Tom Paxton

Everybody and his uncle is in debt,
And the bankers and the brokers are upset.
Goldman Sachs’s, Merrill Lynch’s
Saw themselves as lead-pipe cinches,
Now they’ve landed in the biggest screw-up yet.
Lehman Brothers and Bear Stearns and all their kind
Have turned out to be the blind leading the blind.
They are clearly the nit-wittest
In survival of the fittest––
Let me modestly say what I have in mind

Chorus:
I am changing my name to Fannie Mae;
I am changing it to AIG.On this bail-out I am betting;
Just a piece of what they’re getting,
Would be perfectly acceptable to me.
I am changing my name to Freddie Mac;
I am leaving for that great receiving line.
I’ll be waiting when they hand out
Seven hundred million grand out––
That’s when I’ll get mine.
Since the first amphibian crawled out of the slime,
We’ve been struggling in an unrelenting climb.
We were hardly up and walking
Before money started talking
And it said that failure was the only crime.
If you really screwed things up, then you were through;
Now––surprise!––there is a different point of view.
All that crazy rooty-tootin’
And that golden parachutin’
Means that someone’s making millions––just not you! (to chorus)

©2008 Pax Music, ASCAP

(Credit to my venerable co-worker for alerting me to this song)

Labels: , ,