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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?


To: tejek who wrote (363012)12/15/2007 9:45:46 PM
From: bentway  Read Replies (1) | Respond to of 1579760
 
The bubble began way before that in S. Cal and Florida and a few other places. My S. Cal. house had gone from $76k in 1993 to $250k in 2002. It probably was valued at $300-350K by 2004, then houses there quit appreciating. Since 2006 and 2007, houses in S. Cal. have depreciated and inventories have accumulated.

Some parts of Florida have a 10 year inventory of depreciating houses now.



To: tejek who wrote (363012)12/16/2007 3:24:24 AM
From: Tenchusatsu  Read Replies (1) | Respond to of 1579760
 
Ted, > The bubble mostly occurred in the last two years of the housing boom...2006 and part of 2007.

WTF? Try 2002 to 2004.

Tenchusatsu



To: tejek who wrote (363012)12/16/2007 7:18:44 AM
From: Road Walker  Read Replies (1) | Respond to of 1579760
 
Latter-Day Republicans vs. the Church of Oprah
By FRANK RICH
THIS campaign season has been in desperate need of its own reincarnation of Howard Beale from “Network”: a TV talking head who would get mad as hell and not take it anymore. Last weekend that prayer was answered when Lawrence O’Donnell, an excitable Democratic analyst, seized a YouTube moment while appearing on one of the Beltway’s more repellent Sunday bloviathons, “The McLaughlin Group.”

Pushed over the edge by his peers’ polite chatter about Mitt Romney’s sermon on “Faith in America,” Mr. O’Donnell branded the speech “the worst” of his lifetime. Then he went on a rampage about Mr. Romney’s Mormon religion, shouting (among other things) that until 1978 it was “an officially racist faith.”

That claim just happens to be true. As the jaws of his scandalized co-stars dropped around him, Mr. O’Donnell then raised the rude question that almost no one in Washington asks aloud: Why didn’t Mr. Romney publicly renounce his church’s discriminatory practices before they were revoked? As the scion of one of America’s most prominent Mormon families, he might have made a difference. It’s not as if he was a toddler. By 1978 — the same year his contemporary, Bill Clinton, was elected governor in Arkansas — Mr. Romney had entered his 30s.

The answer is simple. Mr. Romney didn’t fight his church’s institutionalized apartheid, whatever his private misgivings, because that’s his character. Though he is trying to sell himself as a leader, he is actually a follower and a panderer, as confirmed by his flip-flops on nearly every issue.

Concern for minorities isn’t a high priority either. The Christian Science Monitor and others have published reports that Mr. Romney has said he wouldn’t include a Muslim in his cabinet. (He denies it.) In “Faith in America,” he exempted Americans who don’t practice a religion from “freedom” and warned ominously of shadowy, unidentified cabalists “intent on establishing a new religion in America — the religion of secularism.” Perhaps today, in his scheduled turn on “Meet the Press,” he will inveigh against a new war on Christmas being plotted by an axis of evil composed of Muslims, secularists and illegal immigrants.

As Mr. O’Donnell said in his tirade, it’s incredible that Mr. Romney’s prejudices get a free pass from so many commentators. “Faith in America” was hyped in advance as one of the year’s “big, emotional campaign moments” by Mark Halperin of Time. In its wake, the dean of Beltway opinion, David Broder of The Washington Post, praised Mr. Romney for possessing values “exactly those I would hope a leader would have.”

But Washington is nothing if not consistent in misreading this election. Even as pundits overstated the significance of “Faith in America,” so they misunderstood and trivialized the other faith-based political show unfolding this holiday season, “Oprahpalooza.” And with the same faulty logic.

Beltway hands thought they knew how to frame the Romney speech because they assumed (incorrectly) that it would build on the historical precedent set by J.F.K. When they analyzed the three-state Oprah-Obama tour, they again reached for historical precedent and were bamboozled once more — this time because there really was no precedent.

Most could only see Oprah Winfrey’s contribution to Barack Obama’s campaign as just another celebrity endorsement, however high-powered. The Boss, we kept being reminded, couldn’t elect John Kerry. Selling presidents is not the same as pushing “Anna Karenina.” In a typical instance of tone-deafness from the Clinton camp, its national co-chairman, the former Iowa governor Tom Vilsack, said of Oprah, “I’m not sure who watches her.”

Wanna bet he knows now? Even before Oprah drew throngs in Iowa, the Des Moines Register poll showed Mr. Obama leading Hillary Clinton among women for the first time (31 to 26 percent) in late November. Now his surge is spreading. In New Hampshire, the Rasmussen poll after Oprah’s visit found that the Clinton lead among women had fallen from 14 to 4 percent in just two weeks. In South Carolina, where some once thought Mr. Obama was not “black enough” to peel away loyal African-American voters from the Clintons, he’s ahead by double digits among blacks in four polls. (A month ago they were even among African-Americans in that state.) Over all, the Obama-Clinton race in all three states has now become too close to call.

Oprah is indeed a megacelebrity. At a time when evening news anchors no longer have the reach of Walter Cronkite — and when Letterman, Leno, Conan, Stewart and Colbert are in strike-mandated reruns — she rules in the cultural marketplace more powerfully than ever. But the New York Times/CBS News poll probably was right when it found that only 1 percent of voters say they will vote as Oprah asks them to. Her audience isn’t a pack of Stepford wives, and the message of the events she shared with Mr. Obama is not that her fame translates directly into support for her candidate.

What the communal fervor in these three very different states showed instead was that Oprah doesn’t have to ask for these votes. Many were already in the bag. Mr. Obama was drawing huge crowds before she bumped them up further. For all their eagerness to see a media star (and star candidate), many in attendance also came to party. They were celebrating and ratifying a movement that Mr. Obama has been building for months.

This movement has its own religious tone. References to faith abound in Mr. Obama’s writings and speeches, as they do in Oprah’s language on her TV show and at his rallies. Five years ago, Christianity Today, the evangelical journal founded by Billy Graham, approvingly described Oprah as “an icon of church-free spirituality” whose convictions “cannot simply be dismissed as superficial civil religion or so much New Age psychobabble.”

“Church free” is the key. This country has had its fill of often hypocritical family-values politicians dictating what is and is not acceptable religious and moral practice. Instead of handing down tablets of what constitutes faith in America, Romney-style, the Oprah-Obama movement practices an American form of ecumenicalism. It preaches a bit of heaven on earth in the form of a unified, live-and-let-live democracy that is greater than the sum of its countless disparate denominations. The pitch — or, to those who are not fans, the shtick — may be corny. “The audacity of hope” is corny too. But corn is preferable to holier-than-thou, and not just in Iowa.

Race is certainly a part of the groundswell, but not in a malevolent way. When I wrote here two weeks ago that racism is the dog that hasn’t barked in this campaign, some readers wrote in to say that only a fool would believe that white Americans would ever elect an African-American president, no matter what polls indicate. We’ll find out soon enough. If that’s the case, Mr. Obama can’t win in Iowa, where the population is roughly 95 percent white, or in New Hampshire, which is 96 percent white.

I’d argue instead that any sizable racist anti-Obama vote will be concentrated in states that no Democrat would carry in the general election. Otherwise, race may be either a neutral or positive factor for the Obama campaign. Check out the composition of Oprah’s television flock, which, like all daytime audiences, is largely female. Her viewers are overwhelmingly white (some 80 percent), blue collar (nearly half with incomes under $40,000) and older (50-plus). This is hardly the chardonnay-sipping, NPR-addicted, bicoastal hipster crowd that many assume to be Mr. Obama’s largest white constituency. They share the profile of Clinton Democrats — and of some Republicans too.

The inclusiveness preached by Obama-Oprah is practiced by the other Democrats in the presidential race, Mrs. Clinton most certainly included. Is Mr. Obama gaining votes over rivals with often interchangeable views because some white voters feel better about themselves if they vote for an African-American? Or is it because Mrs. Clinton’s shrill campaign continues to cast her as Nixon to Mr. Obama’s Kennedy? Even after she apologized to Mr. Obama for a top adviser’s “unauthorized” invocation of Mr. Obama’s long-admitted drug use as a young man, her chief strategist, Mark Penn, was apparently authorized to go on “Hardball” to sleazily insinuate the word “cocaine” into prime time again. Somewhere Tricky Dick is laughing.

But it just may be possible that the single biggest boost to the Obama campaign is not white liberal self-congratulation or the Clinton camp’s self-immolation, but the collective nastiness of the Republican field. Just when you think the tone can’t get any uglier, it does. Last week Mike Huckabee, who only recently stood out for his kind words about illegal immigrants, accepted an endorsement from a founder of the Minutemen, whose approach to stopping the “illegal alien invasion” has been embraced by white supremacists and who have been condemned as “vigilantes” by President Bush.

For those Americans looking for the most unambiguous way to repudiate politicians who are trying to divide the country by faith, ethnicity, sexuality and race, Mr. Obama is nothing if not the most direct shot. After hearing someone like Mitt Romney preach his narrow, exclusionist idea of “Faith in America,” some Americans may simply see a vote for Mr. Obama as a vote for faith in America itself.



To: tejek who wrote (363012)12/16/2007 8:35:13 AM
From: Road Walker  Read Replies (1) | Respond to of 1579760
 
Boston Globe endorsement of Obama...

For the Democrats: Barack Obama

December 15, 2007

THE FIRST American president of the 21st century has not appreciated the intricate realities of our age. The next president must. The most sobering challenges that face this country - terrorism, climate change, disease pandemics - are global. America needs a president with an intuitive sense of the wider world, with all its perils and opportunities. Senator Barack Obama of Illinois has this understanding at his core. The Globe endorses his candidacy in New Hampshire's Democratic presidential primary Jan. 8.

Many have remarked on Obama's extraordinary biography: that he is the biracial son of a father from Kenya and a mother who had him at 18; that he was raised in the dynamic, multi-ethnic cultures of Hawaii and Indonesia; that he went from being president of the Harvard Law Review to the gritty and often thankless work of community organizing in Chicago; that, at 46, he would be the first post-baby-boom president.

What is more extraordinary is how Obama seals each of these experiences to his politics. One of the lessons he took from organizing poor families in Chicago, he says, was "how much people felt locked out of their government," even at the local level. That experience anchors his commitment to transparency and accountability in Washington.

Similarly, his exposure to foreign lands as a child and his own complex racial identity have made him at ease with diversity - of point of view as well as race or religion. "I've had to negotiate through different cultures my whole life," he says. He speaks with clarity and directness, and he is also a listener, a lost art in our politics.

In what looks like prescience today, Obama was against the Iraq war from the start. But his is not the stereotypical 1960s antiwar reflex. "I don't oppose all wars," he said in the fall of 2002. "I'm opposed to rash wars."

When it comes to waging peace, Obama has the leadership skills to reset the country's reputation in the world. He notes, for example, that the United States would be in a stronger position with Iran if it took more seriously its own commitment to the nuclear nonproliferation treaty. His bill, cosponsored with Senator Richard Lugar, to add conventional weapons to the nation's threat reduction initiative, became law this year.

On domestic issues, the major Democratic candidates are reduced to parsing slivers of difference. But Obama has been more forthright in declaring his slightly heterodox positions to traditional Democratic constituencies. His support for merit pay for teachers, or a cap on carbon emissions, suggests a healthy independence from the established order.

The first major bill to Obama's name in the Illinois Legislature was on campaign ethics reform. In Washington, he coauthored this year's sweeping congressional lobbying reform law. When he describes his approach to healthcare negotiations, he says, "The insurance and drug companies will get a seat at the table, but they won't get to buy every chair."

Obama's critics, and even many who want to support him, worry about his relative lack of experience. It is true that other Democratic contenders have more conventional resumes and have spent more time in Washington. But that exposure has tended to give them a sense of government's constraints. Obama is more animated by its possibilities.

In our view, the choice on the Democratic side is between Obama and Hillary Clinton. Clinton has run a diligent, serious campaign, and her command of the issues is deep and reassuring. But her approach is needlessly defensive, a backward glance at the bruising political battles of the 1990s. Obama's candidacy looks forward.

Obama's memoir, "Dreams From My Father," is divided into three main sections. The first is a reflection on his youthful search for identity. The second recounts his days in Chicago, which include the first stirrings of a religious life. The third is a roots pilgrimage to Kenya, to better understand his often absent father. It is hard to read this book without longing for a president with this level of introspection, honesty, and maturity - and Obama published it when he was only 33.

"I genuinely believe that our security and prosperity are going to depend on how we manage our continued integration into the rest of the world," he says. Obama's story is the American story, a deeply affecting tale of possibility. People who vote for him vote their hopes. Even after seven desolating years, this country has not forgotten how to hope.