Politics | President Barack Obama


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To: ChinuSFO who wrote (109268)2/9/2012 4:56:00 AM
From: Road Walker of 134109
 
Collins makes sense on this issue:
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Tales From the Kitchen TableBy GAIL COLLINS
This is a really old story, but let me tell you anyway.

When I was first married, my mother-in-law sat down at her kitchen table and told me about the day she went to confession and told the priest that she and her husband were using birth control. She had several young children, times were difficult — really, she could have produced a list of reasons longer than your arm.

“You’re no better than a whore on the street,” said the priest.

This was, as I said, a long time ago. It’s just an explanation of why the bishops are not the only Roman Catholics who are touchy about the issue of contraception.

These days, parish priests tend to be much less judgmental about parishioners who are on the pill — the military was not the first institution in this country to make use of the “don’t ask, don’t tell” system. “In most parishes in the United States, we don’t find them preaching about contraception,” said Jon O’Brien of Catholics for Choice. “And it’s not as though in the Mass you have a question-and-answer period.”

You have heard, I’m sure, that the Catholic bishops are in an uproar over an Obama administration rule that would require Catholic universities and hospitals to cover contraceptives in their health care plans. The Republican presidential candidates are roaring right behind. Mitt Romney claimed the White House was trying to “impose a secular vision on Americans who believe that they should not have their religious freedom taken away.”

Let’s try to work this out in a calm, measured manner. (Easy for me to say. I already got my mother-in-law story off my chest.)

Catholic doctrine prohibits women from using pills, condoms or any other form of artificial contraception. A much-quoted study by the Guttmacher Institute found that virtually all sexually active Catholic women of childbearing age have violated the rule at one point or another, and that more than two-thirds do so consistently.

Here is the bishops’ response to that factoid: “If a survey found that 98 percent of people had lied, cheated on their taxes, or had sex outside of marriage, would the government claim it can force everyone to do so?”

O.K. Moving right along.

The church is not a democracy and majority opinion really doesn’t matter. Catholic dogma holds that artificial contraception is against the law of God. The bishops have the right — a right guaranteed under the First Amendment — to preach that doctrine to the faithful. They have a right to preach it to everybody. Take out ads. Pass out leaflets. Put up billboards in the front yard.

The problem here is that they’re trying to get the government to do their work for them. They’ve lost the war at home, and they’re now demanding help from the outside.

And they don’t seem in the mood to compromise. Church leaders told The National Catholic Register that they regarded any deal that would allow them to avoid paying for contraceptives while directing their employees to other places where they could find the coverage as a nonstarter.

This new rule on contraceptive coverage is part of the health care reform law, which was designed to finally turn the United States into a country where everyone has basic health coverage. In a sane world, the government would be running the whole health care plan, the employers would be off the hook entirely and we would not be having this fight at all. But members of Congress — including many of the very same people who are howling and rending their garments over the bishops’ plight — deemed the current patchwork system untouchable.

The churches themselves don’t have to provide contraceptive coverage. Neither do organizations that are closely tied to a religion’s doctrinal mission. We are talking about places like hospitals and universities that rely heavily on government money and hire people from outside the faith.

We are arguing about whether women who do not agree with the church position, or who are often not even Catholic, should be denied health care coverage that everyone else gets because their employer has a religious objection to it. If so, what happens if an employer belongs to a religion that forbids certain types of blood transfusions? Or disapproves of any medical intervention to interfere with the working of God on the human body?

Organized religion thrives in this country, so the system we’ve worked out seems to be serving it pretty well. Religions don’t get to force their particular dogma on the larger public. The government, in return, protects the right of every religion to make its case heard.

The bishops should have at it. I wouldn’t try the argument that the priest used on my mother-in-law, but there’s always a billboard on the front lawn.

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To: mindmeld who wrote (109175)2/9/2012 7:50:12 AM
From: Road Walker of 134109
 
American Bankers Prove Inferior to Canada Bankers Led by Toronto-Dominion

Toronto-Dominion Bank (TD) Chief Executive Officer Edmund Clark faced investor doubts when he announced in 2004 he was buying a U.S. consumer lender, challenging larger rivals such as Bank of America Corp. (BAC) in the world’s largest financial market.

“Every analyst said ‘You see, another dumb Canadian trying to go into the U.S.,” Clark said yesterday in an interview at Bloomberg’s headquarters in New York. “They don’t know how to do it. They don’t have the guts. They’re too conservative.”

More than seven years later, Canada’s second-largest bank is one of the 10 biggest lenders in the U.S. by assets, and may soon have the third-most branches in New York City, a banking market almost as big as Canada’s.

By sticking to consumer lending and avoiding high-risk subprime loans and structured products, the Canadian lender posted profit of almost C$3 billion ($3 billion) in U.S. consumer banking over the past three years, while bigger banks such as Bank of America and Citigroup Inc. (C) required government bailouts.

“When we went into the United States, we refused to do subprime lending,” Clark said. “We said, ‘I don’t care what the spreads are, we are not going to do that.’”

Shareholders have rewarded Clark’s ability to weather the financial crisis while expanding earnings on both sides of the border. Toronto-Dominion now has more branches in the U.S. than in Canada. It’s also one of the only banks with an Aaa credit rating from Moody’s Investors Service.

Shares Rally

Toronto-Dominion shares have gained 42 percent in the five years ended Dec. 31, 2011. That’s the best performance among Canada’s five largest banks over that period, and compares with a drop of 87 percent for Charlotte, North Carolina-based Bank of America.

“We have had a philosophical view all along that people were changing banks from being built around customers and clients, to being built around traders,” said Clark, 64. “And that was not a good thing for society and it wasn’t a good thing in the end for the banking system.”

The lender posted record annual profit in 2011 of C$6.05 billion, or C$6.43 a share, according to International Financial Reporting Standards. Since Clark became CEO in December 2002, Toronto-Dominion has increased earnings 18 percent on a compounded annual basis.

Bank of America CEO Brian T. Moynihan, 52, has spent the last two years atoning for ill-fated acquisitions made by his predecessor, Kenneth D. Lewis. The 2008 takeover of Countrywide Financial Corp., the biggest home lender during the U.S. housing bubble, saddled the firm with so many liabilities from shoddy mortgages that last year it weighed putting the unit into bankruptcy.

Avoiding Subprime

Jerry Dubrowski, a Bank of America spokesman, declined to comment.

Toronto-Dominion and other Canadian lenders avoided subprime lending and structured products during the worst financial crisis since the Great Depression. Canada’s banking system has been ranked the world’s soundest for four straight years by the World Economic Forum, and avoided government bailouts.

“I’m a big believer that you should run an institution and become capable of understanding any part of the institution that you run,” Clark said. “The moment you’re saying ‘No, no, no, but I have a third vice president that does,’ look out. I like to keep institutions a little narrow in their focus.”

TD’s narrow focus began in August 2004, when the lender announced it would buy 51 percent of Portland, Maine-based Banknorth Group Inc. for $3.5 billion.

TD Ameritrade

A year later, the bank sold TD Waterhouse to TD Ameritrade Holding Corp. (AMTD), making it the largest shareholder in the Omaha, Nebraska-based discount brokerage.

By 2007, Toronto-Dominion had acquired the rest of Banknorth for $3.19 billion. In March 2008, the bank bought Cherry Hill, New Jersey-based Commerce Bancorp for about $8.33 billion. Toronto-Dominion added South Financial Group Inc. for $191.6 million and now has about 160 branches in Florida.

“You look eight years ago, TD really had no U.S. retail banking presence,” said John Aiken, an analyst at Barclays Capital Inc. in Toronto. He rated Toronto-Dominion shares “overweight/neutral.” “Fast forward to today and they’re a top-10 lender in the U.S., which is hugely impressive.”

U.S Southeast

Toronto-Dominion purchased auto lender Chrysler Financial Corp. from Cerberus Capital Management LP in 2010 for about $6.3 billion. Clark said a year ago that the bank will become a top- 10 auto lender in the U.S. within three to four years.

The U.S. Southeast bore much of the brunt of the financial crisis as subprime lending and falling home prices roiled housing markets in the area.

Regions Financial Corp. (RF), Alabama’s largest bank, hasn’t posted an annual profit since 2007. The Birmingham-based bank wrote off more than $3 billion in loans during the financial crisis, mostly tied to developers, home builders and mortgage borrowers in Georgia and Florida. Its shares have fallen about 84 percent since 2007.

SunTrust Banks Inc. (STI), based in Atlanta and the 10th-largest U.S. lender by assets, posted six consecutive quarterly losses from 2008 to 2010 as borrowers in the Southeastern real estate market struggled to keep up with loan payments.

Florida Expansion

Tim Deighton, a spokesman for Regions, declined to comment. Michael McCoy, a spokesman for SunTrust, didn’t immediately respond to messages seeking comment.

Toronto-Dominion was said to be in discussions to buy Florida lender BankUnited Inc. last month before the bank decided to remain independent, according to people with knowledge of the situation. Clark declined to comment on the potential sale, and said the bank doesn’t need acquisitions to grow.

The U.S. economy is showing signs of a turnaround, he said.

“There is a mood shift here,” he said. “Consumers are more optimistic, businesses are more optimistic.”

The bank’s next goal is to become a “top three” bank in New York, Clark said. He said the city’s deposit base is about $750 billion, compared with C$1 trillion for all of Canada. Toronto-Dominion needs to add 60 or 70 more branches to become third largest in the city, Clark said.

“We are now the fifth-largest bank in greater New York City and we’ve set a goal to be the third largest,” Clark said. “So over a 15-year period, we’ll go from zero to third largest.”

To contact the reporter on this story: Sean B. Pasternak in Toronto at spasternak@bloomberg.net.

To contact the editors responsible for this story: David Scanlan at dscanlan@bloomberg.net; David Scheer at dscheer@bloomberg.net.

Find out more about Bloomberg for iPad: m.bloomberg.com 

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To: Road Walker who wrote (109285)2/9/2012 9:19:25 AM
From: ChinuSFO of 134109
 
There are politicians like Romney who are going against the grain of the very people who they are relying on for their vote. I have noticed that the Catholics in the US are not all that religious as those in countries like the Phillipines, India and Brazil. They are indeed believers of God but not so much in everything that the Pope and his folks edict in the name of religion. I consider the Catholics in the US as the enlightened masses.

However, while Romney and others are on a path to self destruct, I think Obama should keep out of this particularly what he wants done will be achieved by the church followers. The silver lining here is that the Catholic church is in the "Don't ask, don't tell" phase.

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To: ChinuSFO who wrote (109287)2/9/2012 9:21:23 AM
From: Ron of 134109
 
The silver lining here is that the Catholic church is in the "Don't ask, don't tell" phase.

Absolutely. A bunch of my Catholic relatives have practiced birth control for many years and
think that part of church policy is stupid. They simply ignore it and do not discuss it with their
priests.

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To: mindmeld who wrote (109175)2/9/2012 9:26:05 AM
From: ChinuSFO of 134109
 
These are good numbers again. Slow but steady uptrend. Off course anything can happen and could cause the economy to swoon. But for now, and hopefully for the next 10 months, we will continue to see a uptick in the economy. And if the uptick continues for six months in a row, then we can be safe to conclude that Obama's policies have succeeded in turning around the corner. And yes, Bernanke, whom you and your right wing friends beginning with Ron Paul despise the most, is sounding a cautions tone and that is good. However it is encouraging to note that they are not saying that there is a conspiracy in these figures.
==============================================
Jobless Claims in U.S. Unexpectedly Fall

By Alex Kowalski - Feb 9, 2012 5:40 AM PT

The number of Americans filing first- time claims for unemployment insurance payments unexpectedly declined last week, indicating the labor market recovery is gaining traction.


...contd at bloomberg.com 

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To: Ron who wrote (109288)2/9/2012 9:30:40 AM
From: ChinuSFO of 134109
 
That's the way to go. Changes happen slowly. They cannot be mandated. We abandoned the enforcement of prohibition and acknowledge that prostitution is the oldest profession. such social issues cannot be eliminated through mandates. IN this case it is a "unfunded mandate" from the church, something that the Republicans have spoken out against when it comes to education. But they do not do so when it comes to such a Vatican edict.

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To: ChinuSFO who wrote (109264)2/9/2012 10:05:42 AM
From: Broken_Clock of 134109
 
Perhaps facts will change your mind.
sanford.duke.edu 

if you would bother to read this of course!

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To: ChinuSFO who wrote (109265)2/9/2012 10:07:26 AM
From: Broken_Clock of 134109
 
The truth hurts doesn't it? to see the D party for what it is...a sad reflection of the R party.

In the end, electing Obama has changed the direction of the US not a whit.

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To: manalagi who wrote (109269)2/9/2012 10:11:53 AM
From: Broken_Clock of 134109
 
yes. That is what is so distressful to chinu. There is no difference between R policies and D policies as far as war goes...

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To: manalagi who wrote (109269)2/9/2012 10:34:41 AM
From: Broken_Clock of 134109
 
Tuesday 7 February 2012
Brendan O’Neill

Let’s veto the West’s moral posturing on Syria
There is more logic to Russia’s and China’s veto of the UN resolution condemning Assad than there is to William Hague’s sixth-former antics.
spiked-online.com 


The civilised world is incensed at Russia and China for vetoing a UN Security Council resolution condemning the Assad regime in Syria. Their behaviour is ‘incomprehensible and inexcusable’, says British PM David Cameron. Yet all this China-criticising, Russia-bashing posturing amongst Western leaders tells us rather more about their own political immaturity than it does about moral turpitude in the East. For all that Russia and China have done is act according to their geopolitical interests, to take a position grounded in realpolitik and policy considerations. That Western observers find such behaviour ‘incomprehensible’ reveals how far they themselves have become dangerously estranged from rational geopolitics.



You don’t have to be a supporter of Russia’s and China’s veto (spikedisn’t) to understand why they did what they did. The UN resolution condemned the Assad regime’s use of extreme force against protesters and called for a ‘Syrian-led political transition to a democratic, plural political system’. Both Russia and China have fairly deep political and business relations with Assad-ruled Syria and they clearly decided, through a process of interest-driven foreign policy-making, that it would be potentially destabilising for Syria’s rulers, and by extension for them, if international pressure were put on Syria to undergo regime change. Chinese officials have said that they don’t support Assad himself, and are critical of his recent actions, but they felt the UN resolution was rushed, with a vote being forced ‘despite serious differences’, and so they vetoed.

Yet listening to US secretary of state Hillary Clinton and British foreign secretary William Hague, and perusing the media coverage of Russia’s and China’s behaviour, you could be forgiven for thinking that they had invaded Syria and actually joined in the Assad regime’s bombing of Homs and other cities. Sounding like a sixth-former who has just signed up to Amnesty International, Hague accused Russia and China of having ‘blood on their hands’. ‘How many more [Syrians] need to die before Russia and China allow the UN Security Council to act?’ he cried. Clinton describedRussia’s and China’s veto as a ‘travesty’ and said they now ‘bear responsibility for the horrors that are occurring on the ground in Syria’. Likewise, French foreign minister Alain Juppe said they bear ‘grave historical responsibility’ for the bloodshed in Syria.

Don’t be sucked in by these grand-sounding condemnations of Russia’s and China’s alleged complicity in Assad’s war of attrition against his opponents – and not only because the condemnations are coming from the three permanent members of the Security Council who have actually used extreme force in the Middle East and north Africa in recent years and who therefore have, to use Hague’s adolescent phrase, ‘blood on their hands’. No, the real reason Russia’s and China’s actions appear so alien, so ‘incomprehensible’, to Western observers is because they are quite explicitly motored by geopolitical interests rather than by the fashion amongst Western foreign-policy departments for teenage moral bluster and highly changeable international positioning. The creeping consensus that Russia and China have inflamed instability in Syria glosses over the fact that today’s unhinged Western foreign policy-making, with its elevation of the short-term PR needs of Western leaders over any consideration of ‘the long game’, is far more destabilising than the occasional veto.



The truth is that there is more logic to Russia’s and China’s actions over Syria than there is to Hague’s and Clinton’s. The behaviour of Western foreign-policy departments in relation to Syria confirms that there is now a massive disconnect, a gaping chasm if you like, between the West’s geopolitical interests and its geopolitical behaviour. So a couple of years ago, America, Britain and France were courting the Assad regime, believing, in the words of Hillary Clinton, that Assad was ‘a reformer’. Under George W Bush, Syria was described as ‘evil’, of course, but following the election of Barack Obama in 2008 America’s attitude towards Assad became more conciliatory. Former presidential candidate John Kerry was sent to meet Assad, enthusiastically describing him as someone who ‘wants to engage with the West’, and in 2009 America appointed its first ambassador to Syria in five years. Meanwhile, in 2008 French president Nicolas Sarkozy invited Assad to become a member of the European Union’s Mediterranean Union and entertained his wife in Paris. As a news report in 2010 put it, ‘Assad is now courted by the West’.

Yet today, Western leaders describe Assad as ‘evil’ and anyone who refuses actively to condemn him as complicit in his crimes against humanity. This shift can’t be explained simply as a result of Assad’s brutal response to the Syrian uprising – after all, even when Kerry and Sarkozy and the rest were laying out the red carpet for Assad, while wearing what Time magazine described as ‘high-wattage smiles’, he was a ruthless ruler without a democratic bone in his body, known to lock up or beat up his political opponents. No, the West’s turnaround, its malarial leap from courting to condemning, reveals the lack of any political anchor in Western foreign policy-making today, which leads to a situation where Western foreign policy can become highly suggestible, shaped more by the short-term PR needs of people like Clinton and Hague than by anything so old-fashioned as carefully worked-out national interests.


Hague is an instructive character here. In relation to Syria, he has used the British Foreign Office more like a pressure group than the international arm of a state with certain political interests and needs. Like an Amnesty-style worthy firing off press releases or doing emotive TV interviews, Hague seems to have thought very little about the potential consequences of his sabre-rattling over Syria, in terms of how it will impact on Britain’s relations with Syria (and Iran) or with Russia and China. None of that matters, it seems, in the face of getting a two-minute slot on BBC News to use phrases like ‘blood on their hands’ or getting a positive write-up in broadsheet newspapers that love it when political leaders go all moralistic and ostentatiously ‘humanitarian’, like Hugh Grant’s PM in Love, Actually.

In his inability to formulate anything like a consistent or even just a serious policy on Syria, and in his courting of favourable but fleeting headlines over preserving good diplomatic relations with Russia and China, Hague personifies the startling immaturity and changeability of modern, unanchored foreign policy. And that kind of behaviour can have a far more destabilising impact than what Russia and China did, or failed to do. The West’s kneejerk transformation of Assad into a pariah could lead to a situation where, feeling even further isolated, Assad lashes out with yet more intensity against opponents whom he is now cynically depicting as ‘cronies’ of Hague and Clinton and Co. What’s more, it could intensify tensions between the West and Iran, a key backer of Syria, lead to further turbulence in Lebanon, whose political world is intimately linked with Syria’s, and cause much diplomatic fallout between Western nations and Russia and China. It is remarkable that such potential consequences are not even borne in mind by modern-day foreign policy-makers, who appear to have completely lost touch with proper geopolitical considerations.

Those who claim that Russia’s and China’s veto has held back the cause of democracy in Syria should have a serious word with themselves. Why on Earth would you expect a semi-democratic regime and an undemocratic regime to help deliver democracy in Syria, any more than you would expect Hague or Clinton and the other bombers of Iraq and Afghanistan to do so? It is for the people of Syria to get rid of Assad and to try to build a new nation, not authoritarians and idiots from the East or the West.

Brendan O’Neill is editor of spiked. Visit his personal website here.

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