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2013년 12월 1일 일요일

About 'georgetown home'|Georgetown SC Home Listings Surge







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President               Barack               Obama               gave               a               live               speech               at               Georgetown               University               on               April               14,               outlining               his               economic               recovery               plan               and               offering               to               the               American               people               the               transparency               he               promised               during               his               campaign               for               the               presidency.

CNN,               on               whose               "live"               news               channel               I               watched               the               address,               found,               in               a               survey               of               its               listeners,               that               58%               of               those               surveyed               think               that               Obama               and               the               Democrats               have               "               a               clear               plan,"               while               only               24%               think               that               the               Republican               opposition               has               offered               any               reasonable               alternative.

Seventy-four               %               of               the               American               public               responding               to               the               CNN               poll,               in               fact,               thought               that               the               Republicans               had               offered               NO               clear               plan               for               economic               recovery               from               the               recession/depression               we               now               find               ourselves               in,               as               a               nation.

To               start               off               his               remarks,               Obama               said,               "I               think               that               even               our               critics               would               agree               that               we've               been               busy."               Indeed,               analysts               of               the               speech               consulted               later,               like               Richard               Quest               of               CNN's               London               branch,               felt               that,               in               many               ways,               Obama's               speech               on               this               day               had               2               purposes:               (1)               to               explain               what               is               being               done               to               cure               our               economic               crisis,               in               layman's               terms,               to               a               nation               anxiously               waiting               to               hear               and               (2)               to               rebut               or               refute               the               critics               (like               Rush               Limbaugh               and               Fox               News)               who               are               only               too               quick               to               criticize               and               carp               about               each               step               the               president               has               tried               to               take.

As               Maggie               Lake               of               CNN               put               it,               "It               was               a               speech               designed               for               the               American               taxpayer,               saying,               'I'm               going               to               explain               (the               plan).'"
               Obama               stated,               "each               action               (of               his               administration)               is               driven               by               a               larger               view"               of               the               future,               saying,               "That's               the               America               I               see..that               is               the               future               that               I               see,               an               America               that               leads               the               world..."               This               was               not               just               whistling               in               the               dark.

Obama               really               does               envision               the               United               States               coming               out               of               this               "perfect               storm               of               irresponsibility               and               greed,"               beginning               with               the               collapse               of               the               housing               market               and               coming               at               him               at               warp               speed               every               day               since               he's               been               in               office.

Indeed,               at               one               point,               he               remarked               that               there               were               presidencies               prior               to               his               that               never               experienced               so               many               major               crises,               one               right               after               another.

I'm               sure               he               said               that               a               bit               ruefully,               but,               as               an               American               taxpayer,               I               felt               confident               that               this               was               the               man               best               suited               to               formulate               and               oversee               this               economic               recovery               plan,               and               the               American               response               to               the               Somalian               pirates'               take-over               of               an               American               vessel,               which               occurred               just               the               day               prior,               only               reinforced               my               belief               that               we               are               very               lucky               to               have               this               man               in               this               place               at               this               time               in               history               leading               the               United               States               of               America               through               troubled               and               uncharted               waters.
               So,               what               was/is               Obama's               plan?
               1)               Reform               the               rules.

It               goes               without               saying               that               if               certain               common-sense               rules               had               not               been               dispensed               with               or               neglected               (or               not               enforced),               the               corporate               greed               and               the               short               sighted               national               policies               we               have               had               for               the               past               8               years               might               not               have               come               to               pass.

New               agencies               and               individuals               need               to               take               the               helm               of               our               sorely               troubled               ship               of               state               and               guide               it               through               the               shoals               of               these               economic               rapids.
               2)               New               investments               in               education               to               prepare               workers               for               the               21st               century.

As               expected,               this               got               a               huge               round               of               applause               at               Georgetown.
               3)               New               investment               in               such               areas               as               solar               and               wind               power               and               other               renewable               sources               of               energy,               rather               than               being               held               captive               by               our               dependence               on               foreign               oil.
               4)               Health               care               reform,               which,               in               turn,               will               help               with               the               "entitlement"               programs               (like               Medicare               and               Medicaid               and               Social               Security)               that               are               so               expensive.
               5)               New               savings               within               the               federal               budget               (see               point               #4               above               for               the               chief               way               this               might               be               achieved.)
               Obama               followed               the               clear,               concise               speaking               pattern               for               which               he               has               become               famous,               first               explaining               the               situation               we               are               in               and               laying               out               the               problems;               next,               explaining               his               idea(s)               for               solutions;               and,               last               (but               certainly               not               least),               giving               a               hopeful               message               to               the               millions               of               out-of-work               Americans               praying               for               light               at               the               end               of               this               particular               economic               tunnel.
               The               TARP               (Troubled               Assets               Relief               Program)               was               not               neglected               in               Obama's               discussion:               "We               must               provide               banks               with               the               credit               and               confidence               to               start               lending               again."               He               added               that               we               must               insure               the               continuity               of               the               strong               and               venerable               banking               institutions               that               serve               our               people               and               prosperity.

Obama               predicted               that,               if               no               action               were               taken,               the               crisis               would               take               years               to               overcome.

If               action               is               taken               now,               the               crisis               can               be               overcome               in               months,               but               those               won't               be               easy               months,               and               2009               isn't               looking               like               a               banner               year.
               President               Obama               acknowledged               that               he               understood               the               frustration               of               the               American               average               taxpayer,               saying,               "Where's               MY               bailout?"               when               banks               and               AIG               are               the               recipients               of               taxpayer               dollars               ($330               billion               to               the               banks               of               the               $700               billion               in               TARP               funds               allocated               by               Congress)               and               another               $100               billion               to               assume               "toxic               assets."               He               acknowledged               that               the               typical               household               income               is               "down               by               $2,000"               while               the               top               1               to               5%               of               CEOs               were               raking               in               Big               Bucks.
               But               Obama's               administration               has               been               busy,               busy,               busy.

He               needed               new               legal               powers               to               intervene,               and               he               got               it.

He               has               moved               aggressively               to               jumpstart               lending               outside               of               banks...where,               said               the               president,               over               ½               of               lending               in               American               occurs.

He               has               made               a               commitment               to               fuel-efficient               cars               and               propped               up               our               failing               automobile               industry,               but               not               without               serious               caveats               about               their               need               to               come               back               to               the               table               with               better               business               plans               than               have               been               presented               to               date.

Plans               have               been               moving               quickly               with               dates               as               follows:               February               10th               (Geithner);               Feb.

13               (economy);               Feb.

17               (signed               into               law);               Feb.

18               (plan               to               help               borrowers);               March               4               (foreclosure               relief);               March               19               (automobile               industry               help);               March               23               (bank               troubled               assets               help);               March               30,;               April               2-               the               G20               Summit,               which               Obama               attended               and               which               pledged               $1               million               to               try               to               help               stabilize               the               troubled               world               economic               situation.

Obama               noted               the               spike               in               refinancing               that               has               occurred               as               a               result               of               his               actions               and               still               retail               sales               in               March               fell               1.17%               and               our               unemployment               stood               at               8.5%               nationwide               (with               many               states               facing               %12               unemployment.)               There               were               5.1               million               people               out               of               work               as               of               December               of               2007,               3.3               million               in               the               last               5               months               alone,               and               those               are               not               "good"               or               comfortable               numbers               for               any               administration               to               have               to               deal               with.
               However,               Obama               promised,               "You               can               continue               to               expect               unrelenting               and               unyielding               efforts"               to               right               the               ship               of               state               in               these               troubled               economic               times.
               Obama               then               went               on               to               address               each               of               the               5               points               of               his               plan               and               amplify               upon               those               points.

(And               may               I               just               add               here               that               I               once               attended               a               speech               "live"               by               former               President               George               W.

Bush               where               he               had               4               points,               but               he               forgot               to               mention               one               of               the               4               points.

I               wrote               about               this               on               www.blogforiowa.com               at               the               time,               and               I               hope               to               put               those               incredulous               thoughts               into               book               form               soon.)
               Said               Obama,               "I               think               it's               time               for               America               to               lead               again,"               in               discussing               harnessing               new               energies.

As               someone               who               ran               on               a               platform               of               replacing               antiquated               cars               and               buses               and               police               vehicles               with               cars               like               the               Prius...and               this               was               way               back               in               2004...I               found               his               vision               refreshing               and               timely.

He               talked               about               the               gradual               market               cap               on               carbon               emissions.

He               talked               about               doubling               our               commitment               to               new               and               renewable               energy.
               And               those               were               just               the               talking               points               for               Point               #3.

Obama               had               already               covered               Point               #2               (education),               saying               that               there               would               be               a               dramatic               expansion               of               early               childhood               programs               and               that               teacher               performance               should               be               linked               to               teacher               pay               (always               a               touchy               subject               with               teacher               unions               like               the               NEA               and               the               AFT,               one               of               which               I               belonged               to               in               my               years               as               an               educator.)               He               mentioned,               again,               the               desire               that               each               American               pledge               to               get               at               least               one               year               of               post-graduate               education,               whether               it               be               college               or               some               other               preparation               for               life,               so               that               we               can               resume               our               position               by               the               year               2020               of               being               the               best-educated               nation               in               the               world.

And               Obama               wants               "the               best               and               the               brightest"               to               recommit               to               "making               things,"               not               just               moving               figures               on               paper.

He               wants               scientists               and               engineers               and               doctors               and               manufacturers.
               Obama               explained               that               the               skyrocketing               cost               of               health               care               has               contributed               to               the               skyrocketing               cost               of               entitlement               programs               like               Medicare               and               Medicaid,               and               that,               if               we               can               get               the               first               problem               under               control,               the               second               will               follow.

"We               can               get               this               done               and               we               have               to               get               this               done,"               said               the               president.
               In               what               was               later               dubbed               'a               very               brave               move,"               Obama               rebutted               his               critics,               who               have               said               he               is               shilling               for               socialism               and               raising               our               national               debt               by               saying:               1)               the               worst               thing               would               be               to               cut               government               spending               when               the               average               American               is               cutting               back.

We               must               focus               on               the               long               term,               not               the               short               term.
               2)               We               cannot               sacrifice               long-term               plans.

We               must               make               our               current               plans               with               an               eye               to               the               future.

We               must               "invest               now               or               else."
               3)               Chronically               slow               growth               will               not               help               us               out               of               this               crisis,               said               Obama.

Budget               problems               have               been               building,               fueled               by               the               costs               of               2               wars               and               the               housing               crisis,               but               it               will               only               get               worse               as               the               baby               boomers               age.

He               added,               "Let's               not               kid               ourselves               that               we               can               fix               it               (a               problem               of               this               magnitude)               by               trimming               a               few               things               from               the               budget."               "All               of               these               efforts               will               require               tough               decisions.

For               too               long,               too               many               in               Washington               put               off               making               hard               decisions.

They               went               from               shock               to               trance               (at               the               announcement               of               bad               news.)               The               challenges               are               too               great.

The               stakes               are               too               high.

We               have               been               called               to               govern               in               extraordinary               times.

If               we               use               that               moment               to               lay               that               new               foundation               for               this               house               (of               state),               the               house               will               stand               the               dream               of               our               forefathers               will               live               on               in               the               dreams               of               our               forefathers."
               And               he               ended,               confidently,               saying,               "God               bless               the               United               States               of               America."
               A               terrific               speech.

A               terrific               moment.

The               banks               won't               like               the               explanation.

Those               in               Washington               may               not               care               much               for               the               promised               transparency               that               has               emerged               under               Obama.

Wall               Street               may               not               be               confident               with               his               pronouncements               of               new               regulations               at               all.

And               there               are               legitimate               criticisms               of               the               inclusion               of               such               Wall               Street               veterans               as               Henry               Paulson               and               Larry               Summers               and               Timothy               Geithner               (who               was               formerly               head               of               the               Federal               Reserve               Bank               of               New               York),               especially               as               Goldman               Sachs               announced               profits,               but               in               order               to               lead               us               from               the               thicket               created               over               the               past               8               years,               we               need               experienced               hands-on-deck.

We               need               those               sharpshooters               who               have               trained               for               years               to               take               this               one               shot               and               rescue               the               American(s)               held               hostage.
               And,               hopefully,               these               shots               at               the               forces               of               piracy               will               be               as               successful               in               the               United               States               of               America,               economically,               as               they               were               in               the               waters               off               the               coast               of               Somalia               for               Captain               Richard               Phillips,               who               headed               for               a               reunion               with               his               crew,               the               crew               for               which               he               was               willing               to               sacrifice               his               own               life,               in               Maersk.

And               after               that,               home,               which,               if               we               keep               the               faith,               will               steadily               improve               and               become               that               house               built               upon               rock,               not               sand.






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