• We’re not talking lipstick and pigs anymore. The Obama campaign looks to regain momentum and spokesman Bill Burton explains how.
• McCain advisor Carly Fiorina says Sarah Palin is not qualified to run a large corporation, and then defends her comments by saying none of the candidates are. Should they be?
• The blame game begins for the financial crisis. But which candidate will offer the solution that America wants and needs?
NY Times, 5 years ago
“Treasury Secretary John W. Snow told the House Financial Services Committee…that Congress should eliminate the power of the president to appoint directors to (Fannie Mae and Freddie Mac)…”
Good job, Brownie.
//query.nytimes.com/gst/fullpage.html?res=9E06E3D6123BF932A2575AC0A9659C8B63&sec=&spon=&pagewanted=all
Your retired caller’s wife worked for VF Corp, making clothing in the USA. Lee and Wrangler jeans, among other things, are part of VF.
I can find nothing on their website that says they have any US manufacturing operations left.
American clothing jobs are now in Mexico. NAFTA.
New York Times, 5 years ago:
The Bush administration today recommended the most significant regulatory overhaul in the housing finance industry since the savings and loan crisis a decade ago.
Under the plan, disclosed at a Congressional hearing today, a new agency would be created within the Treasury Department to assume supervision of Fannie Mae and Freddie Mac, the government-sponsored companies that are the two largest players in the mortgage lending industry.
The new agency would have the authority, which now rests with Congress, to set one of the two capital-reserve requirements for the companies. It would exercise authority over any new lines of business. And it would determine whether the two are adequately managing the risks of their ballooning portfolios.
The plan is an acknowledgment by the administration that oversight of Fannie Mae and Freddie Mac — which together have issued more than $1.5 trillion in outstanding debt — is broken. A report by outside investigators in July concluded that Freddie Mac manipulated its accounting to mislead investors, and critics have said Fannie Mae does not adequately hedge against rising interest rates.
Among the groups denouncing the proposal today were the National Association of Home Builders and Congressional Democrats who fear that tighter regulation of the companies could sharply reduce their commitment to financing low-income and affordable housing.
”These two entities — Fannie Mae and Freddie Mac — are not facing any kind of financial crisis,” said Representative Barney Frank of Massachusetts, the ranking Democrat on the Financial Services Committee. ”The more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing.”
Representative Melvin L. Watt, Democrat of North Carolina, agreed.
”I don’t see much other than a shell game going on here, moving something from one agency to another and in the process weakening the bargaining power of poorer families and their ability to get affordable housing,” Mr. Watt said.
“Please stop with this socialism BS! This country has a lot of elements of socialist behavior. Its in the government and in our everyday life. Get over it and pay for this socialist bail out of AIG, airlines, Fannie Mae, Freddie Mac, Medicaid, Medicare, Social Security, and failed home loans.
Posted by JPinCT
September 16th, 2008 at 11:42 pm”
Well since it was Democrats who ran Fannie Mae into the ground and triggered this whole thing lets ask Obama to return the money Fannie Mae gave him in fact in the entire history of Fannie Mae contributing to Senators, in the few years that he has been there he amazing has received so much Fannie Mae money that only the bank oversight committee chair Dodd received more
Democrats did this.. republicans tried to reform FM over and over only to be blocked by Dodd and Barney Frank
Actually, there were people who saw “this” coming.
Nouriel Roubini.
Barry Ritholz.
Jim Kingsland.
Roubini (Dr. Doom) is suddenly popular on CNBC/Bloomberg and you see Ritholz more and more. Jim Kingsland, not so much TV/radio exposure but he has a website. It used to be free but he changed it to “subscriber only”. I’m sure there are others but these are just three of the ones I’ve been following. Roubini has been predicting “this” for several years, since ‘02 or ‘03. Kingsland started raising the alarm more than a year ago.
Ritholz: bigpicture dot typepad dot com
Roubini: rgemonitor dot com
Kingsland: buttonwood1792 dot blogspot dot com
You can find lots of interesting things on the internets. Some of the above commenters seem to be of the opinion “this” is still in the early innings.
Fancy, unregulated financial engineering is the root of most of “this” but NAFTA/China is also part of “this”. People need a decent job with a decent wage to keep up with the mortgage on their decent home. Off-shoring the $50k American job to Mexico/China and expecting the newly under-employed American to keep up with their old mortgage on their new $25k/year salary doesn’t compute. The math doesn’t work.
The same thing is also happening in reverse as illegal immigrants are brought in to “do the work that Americans won’t do” at poverty wages. Except that Americans used to do the work, and at a decent wage.
If you really want to understand what’s going on, go rent a copy of “It’s a Wonderful Life” (George Bailey vs. Mr. Potter) or “The Grapes of Wrath”. People and human nature don’t change. 200+ years later and Jefferson and Hamilton are still duking it out for the soul of America.
I’m a Jefferson man and I like George Bailey. If I had apples to pick and Tom Joad came by looking for work, I’d pay him 5 cents/bushel instead of the slave wage of 3 cents that others might be paying.
Only registered user allowed |
First…Having a problem getting lastnights show on the podcast from ITUNES.Can someone give me some tips on what I am doing wrong.
September 16th, 2008 at 6:27 pm
Bob the union man,
I had trouble once… e mail them at:
alancolmesradio@foxnews.com
(during business hours)
Although it took about an hour for him to reply, the guy there was helpful.
September 16th, 2008 at 6:43 pm
Bob says:
First…Having a problem getting lastnights show on the podcast from ITUNES.Can someone give me some tips on what I am doing wrong.
You are starting to implement a very annoying practice on blogs and forums by posting ‘First’. Please stop it before it spreads : )
I downloaded last night’s show fine – so I don’t think there are any problems with it. I would just suggest seeing if other podcasts are working for you and/or waiting a couple hours.
September 16th, 2008 at 6:44 pm
Dear Alan,
I just have a problem and a question about your role on
Hannity and Colmes!!!?!?!??!
Are you not allowed to comment.
Just wondered how come Hannity can skewer a guest and you are silent. Do they turn off your microphone.
Or are you just not a very good interviewer. Or what?
I try to defend you to those who put you down but after several years of this, I am not sure that they might be right.
What gives?????????
Thanks
September 16th, 2008 at 9:31 pm
As for the Fiorina comment, I think it gets back to the Repub talking point that this election isn’t about issues. Her comment certainly reflects that if none of the above fits, then we need to look to something else.
As far as solutions, I still feel that the Obama camp still has the wherewithal to steer us through this crisis. I don’t think that a campaign stocked with ex-lobbyists (?) is really going to be looking at solutions that will affect any real change, or a change that will be catered to the middle class.
September 16th, 2008 at 9:36 pm
Can’t you ask a gramatically correct, articulate question without bumbling and stumbling?
Maybe Iraq Hussein Obama should have picked you for VP, so you could both bumble and stumble together.
September 16th, 2008 at 9:44 pm
There you go, honest intelligent dialogue!!!!
Very interesting.
As always, once it gets real, they go for the gusto.
I scream while reading your entry as I am so used to that volume whenever Hannity makes his mark!
Domo Arigato
September 16th, 2008 at 10:00 pm
How many companys can this country bail out?
September 16th, 2008 at 10:02 pm
Alan, Please crawl back under the rock you came out from under. You ruin the Foxnews program as you make no sense.
I agree with Winston Churchill, “If you are under 30 and a liberal you have a heart, if you are OVER 30 and a liberal you have NO BRAINS!!!!
September 16th, 2008 at 10:03 pm
Only the very large ones are eligible…..
September 16th, 2008 at 10:04 pm
I think your right Shadow…
September 16th, 2008 at 10:06 pm
Tina…..
You sound like the guys who said, “The only good indian is a dead indian.”
As for Churchill, I find it funny that you quote a man who had a thing for over-sized cigars and small dogs in his conservative years.
September 16th, 2008 at 10:06 pm
Bob, do you wish that Colmes would fight back more?!?!?
Do you think he is allowed to?
I saw tongiht where Hannity basically cut off the lady he was interviewing, of course, he had the last comment before he did!!!
September 16th, 2008 at 10:08 pm
Shadow Im not saying this is true.But I heard another popular liberal talk show host say that Alan cant debate Hannity directly.Thats how the show format is.I heard that a couple years ago.I am not saying it is true though.
September 16th, 2008 at 10:11 pm
I just wonder why the time distribution is so out of whack.I have timed segments where Colmes gets three or four minutes and Hannity then takes over for up to eight minutes.
Also, Hannity jumps in whenever he wants. Such as with the lady tonight.
I know Fox is a right-leaning station and I have seen segments where guests microphones have been shut off, but I just wondered what the dynamics are on the Hannity and Colmes show are. Maybe the listing says it all.
Just wondering???
September 16th, 2008 at 10:15 pm
Well,
If anyone on the right would agree to go on Keith’s show on MSNBC, I think you’d see he is kinda like an
encyclopedia of knowledge.
He has devoured politics, like he did sports. He is a true info geek.
I just wish that Alan would do better followup questions, perhaps he isn’t allowed.
And I will give him credit, there have been times when he has been dead-on during certain segments but then they return and Hannity shoots down his argument, or else gets the last word.
I think that is the dynamic, you know, liberals are weak and cowering always to the strength of the right.
September 16th, 2008 at 10:18 pm
I have watched it religiously for about two years now and I tend to think the dynamics of the show are tilted in Hannity’s favor.
September 16th, 2008 at 10:26 pm
I feel sorry for John McCain. He should have been in charge during the war, that I was never for.
Now I think he is kinda pasa this prime.
He really hasn’t been running on anything, until he started running the Obama campaign.
I guess that is why they want us to keep thinking this is an election about character
September 16th, 2008 at 10:29 pm
As for Hannity, he doesn’t drive me crazy.
I think he is a bully and very superficial.
Which are very bad characteristics for the job he has.
September 16th, 2008 at 10:30 pm
Also, regarding Hannity, I think his limited knowledge of many of the issues or the particular segments that they are talking about lead him to stay on one-track, as if that is the way to the truth.
September 16th, 2008 at 10:32 pm
I think most of the right wing radio shows, which dominates a lot of the talk radio scene, perpetuates nothing but hate and should be monitored more closely by the FCC for accuracy.
September 16th, 2008 at 10:49 pm
HANNITY IS A CARICATURE OF A HUMAN…
September 16th, 2008 at 10:51 pm
Alan,
There’s talk that Tina Fey has been taken hostage, brainwashed and will be debating Joe Biden.
(Absurd I admit but Alan some of the crap put forth is beyong absurd. Alan I take two aspirin and hope it helps you. Seriously, while I don’t always agree with you, I respect your ability to engage your callers.)
September 16th, 2008 at 10:53 pm
The hospitality industry hasn’t been bailed out.
Days Inn employees destroying the stock market…
September 16th, 2008 at 11:01 pm
Stand by because every industry with losses will be bailed out before we inaugerate a new president
September 16th, 2008 at 11:13 pm
The right wingers keep harping on being ready from day one. From Nov/ election day until Jan swearing in The newly elected president has to be able to understand the world issues, the economy, how to pick a cabinet how to work with committes how to evaluate the best way to bring all area’s of goverment together before he can even hope to move foward. I hope narrow minded people will realize that your buddy may be a great friend to drink beer with but it doesn’t mean they can run the country.
September 16th, 2008 at 11:14 pm
Oh Pino that was a great comeback. Not predictable at all…
Quid pro quo
Palin is a jackass…
What are you, summa cum laude at some elite east coast school or something?
September 16th, 2008 at 11:22 pm
I saw the glisten of Pro-Death in your eyes last night when you spotted that abortion survive.Even if she was in her 20’s you still thought she should have died. Maybe, if you could get your hands off Obama’s balls and your mouth off his cock you could see that Obama is no good for America and will speed the decline of this great country. Alan, your Democratic party is a thin veil of socialism where you don’t allow the people to run their own lives but you would rather give hand outs. America deserves better than to be a welfare country. Democrats kill the American Dream and when McCain wins i shall post to you again.
Love,
Larry
September 16th, 2008 at 11:32 pm
Its amazing how many closed minded people there are in the United States. People question how Obama will implement a new tax code which he has detailed clearly, but don’t ask how the bail out of AIG will be paid for. It has nothing to do with money or policies, but something deeply imbedded inside them. Hate.
September 16th, 2008 at 11:34 pm
Please stop with this socialism BS! This country has a lot of elements of socialist behavior. Its in the government and in our everyday life. Get over it and pay for this socialist bail out of AIG, airlines, Fannie Mae, Freddie Mac, Medicaid, Medicare, Social Security, and failed home loans.
September 16th, 2008 at 11:42 pm
Alan, I did not see an entry for the Hannity and Colmes show when Gianna Jenson was on.
I used to think you were sane even though left-leaning. But, for you to defend Obama to an abortion survivor is beyond the pale. Obama, who claims to support health care for everyone, would have preferred to sell out Gianna’s life because of his politics in favor of big abortion businesses—-businesses which happen to have a history of donating to pro-abortion politicians. (In the case of Planned Parenthood, they get almost $300 million in forced taxpayer donations, which can then go back to pro-abortion politicians.) For Obama, it’s politics before an innocent girl’s life. There is ZERO question that she is a living, HUMAN being as the individual is born and injured. But Obama would deny medical care for her. You have defended this man. Alan, I truly lost all respect for you after listening. In my opinion, you do not have even an ounce of a conscience. I am truly sorry for you. You support a man who would deny necessary medical care to an innocent, injured, dying baby. Is that the kind of change Obama (and you) believe in?
September 17th, 2008 at 12:07 am
Actually, there were people who saw “this” coming.
Nouriel Roubini.
Barry Ritholz.
Jim Kingsland.
Roubini (Dr. Doom) is suddenly popular on CNBC/Bloomberg and you see Ritholz more and more. Jim Kingsland, not so much TV/radio exposure but he has a website. It used to be free but he changed it to “subscriber only”. I’m sure there are others but these are just three of the ones I’ve been following. Roubini has been predicting “this” for several years, since ‘02 or ‘03. Kingsland started raising the alarm more than a year ago.
Ritholz: bigpicture dot typepad dot com
Roubini: rgemonitor dot com
Kingsland: buttonwood1792 dot blogspot dot com
You can find lots of interesting things on the internets. Some of the above commenters seem to be of the opinion “this” is still in the early innings.
Fancy, unregulated financial engineering is the root of most of “this” but NAFTA/China is also part of “this”. People need a decent job with a decent wage to keep up with the mortgage on their decent home. Off-shoring the $50k American job to Mexico/China and expecting the newly under-employed American to keep up with their old mortgage on their new $25k/year salary doesn’t compute. The math doesn’t work.
The same thing is also happening in reverse as illegal immigrants are brought in to “do the work that Americans won’t do” at poverty wages. Except that Americans used to do the work, and at a decent wage.
If you really want to understand what’s going on, go rent a copy of “It’s a Wonderful Life” (George Bailey vs. Mr. Potter) or “The Grapes of Wrath”. People and human nature don’t change. 200+ years later and Jefferson and Hamilton are still duking it out for the soul of America.
I’m a Jefferson man and I like George Bailey. If I had apples to pick and Tom Joad came by looking for work, I’d pay him 5 cents/bushel instead of the slave wage of 3 cents that others might be paying.
September 17th, 2008 at 12:21 am
“Please stop with this socialism BS! This country has a lot of elements of socialist behavior. Its in the government and in our everyday life. Get over it and pay for this socialist bail out of AIG, airlines, Fannie Mae, Freddie Mac, Medicaid, Medicare, Social Security, and failed home loans.
Posted by JPinCT
September 16th, 2008 at 11:42 pm”
Well since it was Democrats who ran Fannie Mae into the ground and triggered this whole thing lets ask Obama to return the money Fannie Mae gave him in fact in the entire history of Fannie Mae contributing to Senators, in the few years that he has been there he amazing has received so much Fannie Mae money that only the bank oversight committee chair Dodd received more
Democrats did this.. republicans tried to reform FM over and over only to be blocked by Dodd and Barney Frank
September 17th, 2008 at 12:21 am
New York Times, 5 years ago:
The Bush administration today recommended the most significant regulatory overhaul in the housing finance industry since the savings and loan crisis a decade ago.
Under the plan, disclosed at a Congressional hearing today, a new agency would be created within the Treasury Department to assume supervision of Fannie Mae and Freddie Mac, the government-sponsored companies that are the two largest players in the mortgage lending industry.
The new agency would have the authority, which now rests with Congress, to set one of the two capital-reserve requirements for the companies. It would exercise authority over any new lines of business. And it would determine whether the two are adequately managing the risks of their ballooning portfolios.
The plan is an acknowledgment by the administration that oversight of Fannie Mae and Freddie Mac — which together have issued more than $1.5 trillion in outstanding debt — is broken. A report by outside investigators in July concluded that Freddie Mac manipulated its accounting to mislead investors, and critics have said Fannie Mae does not adequately hedge against rising interest rates.
Among the groups denouncing the proposal today were the National Association of Home Builders and Congressional Democrats who fear that tighter regulation of the companies could sharply reduce their commitment to financing low-income and affordable housing.
”These two entities — Fannie Mae and Freddie Mac — are not facing any kind of financial crisis,” said Representative Barney Frank of Massachusetts, the ranking Democrat on the Financial Services Committee. ”The more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing.”
Representative Melvin L. Watt, Democrat of North Carolina, agreed.
”I don’t see much other than a shell game going on here, moving something from one agency to another and in the process weakening the bargaining power of poorer families and their ability to get affordable housing,” Mr. Watt said.
September 17th, 2008 at 12:24 am
Your retired caller’s wife worked for VF Corp, making clothing in the USA. Lee and Wrangler jeans, among other things, are part of VF.
I can find nothing on their website that says they have any US manufacturing operations left.
American clothing jobs are now in Mexico. NAFTA.
September 17th, 2008 at 12:55 am
NY Times, 5 years ago
“Treasury Secretary John W. Snow told the House Financial Services Committee…that Congress should eliminate the power of the president to appoint directors to (Fannie Mae and Freddie Mac)…”
Good job, Brownie.
//query.nytimes.com/gst/fullpage.html?res=9E06E3D6123BF932A2575AC0A9659C8B63&sec=&spon=&pagewanted=all
September 17th, 2008 at 2:10 am