Showing posts with label President Obama. Show all posts
Showing posts with label President Obama. Show all posts

Monday, September 19, 2011

Cornell West Part of Group Seeking Obama Challenger

Dr. Cornell West has joined forces with former Presidential candidate and consumer advocate Ralph Nader to promote a "progressive agenda" with an intent of attracting a liberal challenger to President Barack Obama.

As part of the steering committee of the New Progressive Alliance (NPA), West, who has reportedly joined with Nader, is leading a group of liberals and academics, seeking candidates to debate Obama on key issues.

The NPA expects a nominee to fully support the organization's comprehensive progressive platform ratified in August. Platform tenets include full employment at a living wage, environmental sustainability, social welfare and fair trade.

The NPA's website sites the following:

The NPA opposes both of America's sold-out, anti-Progressive major parties. We not only support a primary election challenge to Barack Obama in 2012, but will endorse an Independent or third-party candidate to oppose both corporatist marionettes in the general election, provided they publicly pledge to run on the Unified Progressive Platform and to govern based upon it when elected.

The New Progressive Alliance (NPA) is a grassroots organization founded in 2010, entirely online, in response to the Democratic Party’s complete and final forsaking of its role as the leading voice for Progressive ideals and reform in America.
By YBW Staff Writer

Tuesday, September 13, 2011

Obama Appoints Mostly Women, Minorities to Federal Bench

According to Sheldon Goldman, author of the authoritative book "Picking Federal Judges,"  President Obama has picked more female and minority judges for the federal bench than any other President in United States history.  With over 70% of President Obama's appointments being non-white as compared to Presidents Clinton and Bush (43), such a feat was part of the administration's commmitment to diversify the federal bench.

With the confirmation of Justice Elena Kagan, President Obama has put three women on the high court for the first time. The Obama administration also nominated and won confirmation of the first openly gay man to a federal judgeship: former Clinton administration official J. Paul Oetken, to an opening in New York City.

Of the 98 Obama nominees confirmed to date, the administration says 21 percent are African-American, 11 percent are Hispanic, 7 percent are Asian-American and almost half — 47 percent — are women. By comparison, of the 322 judges confirmed during George W. Bush's presidency, 18 percent were minorities and 22 percent were female. Of the 372 judges confirmed during Clinton's terms, 25 percent were minorities and 29 percent were women. In these figures, some judges fit into more than one category.

Recently, the Senate confirmed the first African-American woman to sit on the 6th U.S. Circuit Court of Appeals in Cincinnati, Bernice Donald. Earlier, she was the first African-American woman elected as a judge in Tennessee, the first appointed as federal bankruptcy judge in the nation and first confirmed as a U.S. district judge in Tennessee.

Monday, September 12, 2011

Obama's Jobs Speech & NFL Season Opener Gets High Ratings

After all the hoopla about President Obama wanting to lay out his plan for job creation before a joint session of Congress and the American people, the numbers seem to speak for themselves.

President Obama's job speech drew 31 million viewers indicating that Americans are extremely engaged concerning Washington's efforts to solve our nation's job crisis.  When the President first requested to address Congress, Republicans did not like that President Obama proposed to speak on the same day as a previously scheduled Republican Presidential debate.

House Speaker John Boehner even made several references that the American people didn't want to hear "another speech" by this President even if it was about jobs.  The high ratings of President Obama's speech seems to indicated that Speaker Boehner may have misread the interests of the American people.

While the President's speech attracted 31 million viewers, the Republican Presidential debate the night before only drew 5.4 million viewers.  Even the NFL season opener that followed the president speech drew less viewers than the President's address with 27.2 million viewers.  It was said to have been the second highest rated NFL regular season game watched on any one network in 15 years.

Now all the American people want to know is if their time was well spent which can be evidenced by the actual creation of jobs resulting from the President's proposal and the passage of an actual jobs bill.

Friday, December 19, 2008

When Wisdom, Honesty, and Judiciousness No Longer Seem to Matter Can President-Elect Obama Come To Our Resue?





By
Dr. Wilmer J. Leon III, Ph.D.

It has not taken long for the criticism, skepticism, and second guessing to begin. Barack Obama has not even been sworn in as the 44th President of the United States and his critics on the so-called progressive left are angry that his cabinet selections suggest a shift to the center or to the right. Meanwhile, critics on the right claim that his actions in response to disgraced Illinois Gov. Blagojevich are politically motivated.

There are few political realities that Obama’s detractors need to appreciate and respect. There is a difference between campaigning and governing. During the primaries both candidates, McCain and Obama played to their bases in order to win their parties nominations. In the general election both candidates had to move closer to the center than their bases preferred in order to have any chance of winning. Many would argue that McCain’s failure to move closer to the center, i.e. selecting Gov. Palin as his running mate to placate the conservative base, cost him dearly.

Now that Senator Obama is president-elect Obama, he has to focus on governing. He can’t effectively govern from the progressive left. America is not as liberal or progressive as the left would like nor as conservative as the right would claim. These political realities are compounded by the practical realities of the housing crisis, banking crisis, wars in Iraq and Afghanistan, auto company crisis, etc., etc., etc.

For the most part, president-elect Obama has chosen to fill his cabinet with competent administrators and not ideologues. He seems to be focused on real solutions not theory, conjecture, or philosophy. He is selecting individuals who understand how Washington works and will be able to help structure legislation, pass legislation, and implement effective policy. Obama decided to retain the services of Robert Gates as defense secretary in order to ensure continuity in defense strategy in these very perilous times. While this does not sit well with the progressive left, no one has greater first hand knowledge of the complex issues that face America today.

Granted, not all of the individuals selected have unblemished records. For example, Senator Clinton or “Billary” voted for the war and brings Bill with her. Much to the dismay of progressives, during the Clinton administration Congressman Rahm Emanuel helped to get NAFTA, the Crime Bill, and welfare reform passed. In private practice Eric Holder has represented some questionable corporate clients. In spite of these issues, if president-elect Obama is as strong willed as a president as he was a candidate, these appointees and others will be implementing his policies and not allowing the interests of others to control him.

During the primaries and general election, Barack Obama was criticized by Senator’s Clinton, Biden, McCain and pilloried in the media for not having the requisite experience to “answer the 3:00 AM call” or respond to a real crisis. Gov. Palin questioned his experience as a “community organizer” by saying, "I guess a small-town mayor is sort of like a ‘community organizer,’ except that you have actual responsibilities…" Now that he is selecting experienced and qualified people to serve in his cabinet, including some of his former detractors the criticism has changed from a lack of experience to whether he has abandoned the progressive left. Some progressives are even calling into question his commitment to their issues and his honesty.

As if the attacks from the left are not enough, the right has launched their attack as well. As a result of Illinois Gov. Blagojevich, a fellow Democrat, being charged with conspiring to sell president-elect Obama’s now-vacant Senate seat, political vultures are circling overhead trying to tie him to the scandal.

In spite of the fact that U.S. Attorney Patrick Fitzgerald has said prosecutors were making no allegations that Obama was aware of any scheming; Rep. Eric Cantor of Virginia is on record as saying, "The serious nature of the crimes listed by federal prosecutors raises questions about the interaction with Gov. Blagojevich, President-elect Obama and other high ranking officials who will be working for the future president,…" Why does this raise questions when no connection, direct or indirect has been made? Just as in a time of war, America is in such dire straights that now is not the time for partisan “gotcha” politics of past.

In spite of the fact that Blagojevich himself, is on record having said, "they're (the Obama team) not willing to give me anything except appreciation," Robert M. "Mike" Duncan, chairman of the Republican National Committee (RNC), states "President-elect Barack Obama's comments on the matter are insufficient at best." President-elect Obama has stated, "I had no contact with the governor or his office, and so I was not aware of what was happening" and the U.S. Attorney has made no allegations to the contrary. What else is Obama to say? The truth is its own defense.

Instead of contributing to the media feeding frenzy, president-elect Obama and his team are being measured, judicious, and practical in their approach to this issue. Obama said on Friday, December 12th that he would release the results of an internal investigation into what conversations his aides and advisers may have had with Blagojevich in a matter of days. "What I want to do is to gather all the facts about any staff contacts that may have taken place between the transition office and the governor's office," Obama said. Instead of allowing Obama time to determine the facts, Duncan levies criticism by saying, “Americans expect the highest degree of transparency from their elected leaders, rather than promises of openness on the campaign trail." As chairman of the RNC Duncan is the spokesperson of the party and speaks for every Republican who does not say otherwise.

According to the Wall Street Journal, “President-elect Barack Obama's transition team said it had completed an internal review of contacts with Illinois Gov. Rod Blagojevich -- but wouldn't release its findings until Christmas week, at the request of federal investigators.” In a written statement released by his office late Monday, U.S. Attorney Patrick Fitzgerald confirmed that he asked for the delay, saying he wanted more time to conduct interviews. Conservative journalist Britt Hume says, “It is curious that Obama has been so cautious about it. He is a cautious man, but you do wonder, don't you? Wonder about what? Even though the Obama team does not have to comply with the request, why would they not?

The one thing that president-elect Obama and his team can not do is get caught up in the conservatives questions or the media’s frenzy and start to put out statements that later prove to be inaccurate. They must remain disciplined and not allow the desire for short-term responses to cause long-term problems.

I am in no way trying to insinuate that president-elect Obama and/or his team are above reproach or should not be questioned. Democracy demands that our representatives be held accountable for what they say and what they do. For the progressive left to question cabinet appointments and claim that they’ve been abandoned or betrayed before the first executive order has been signed or the first piece of legislation proposed is premature, reactionary, and some what naïve.

For the conservative right to try and create a story where there is none is just republican politics as usual. This just demonstrates that they have not learned a lesson from the recent election; the American electorate is tired of their politics as usual.

It is important to understand that many of the causes of the countries problems are grounded in flawed ideology designed to consolidate power and wealth into the hands of a few while the majority in this country are left to suffer. The solutions to these problems will not be grounded in ideology; they will require vision, wisdom, honesty, judiciousness, collaboration, and cooperation. All of these are qualities that president-elect Obama has demonstrated through out his life and career. If they were good enough to get him elected president why can’t people be patient enough to see if they will also help him govern?

Ask not what a President Barack Obama will do for you; ask what you can do to help a President Barack Obama address the tremendous issues that this country is facing.

Dr. Wilmer Leon is the Producer/ Host of the nationally broadcast call-in talk radio program “On With Leon,” a regular guest on CNN’s Lou Dobb’s Tonight, and a Teaching Associate in the Department of Political Science at Howard University in Washington, D.C. Go to www.wilmerleon.com or email: wjl3us@yahoo.com.

© 2008 InfoWave Communications, LLC.

Wednesday, November 26, 2008

Black Finance Professor Boyce Watkins on Consumer confidence


Dr. Boyce Watkins
www.Boycewatkins.com

If you wish to see a video explaining consumer confidence, which is one of the driving issues behind the recent moves in the stock market, please click here.

This has been an interesting week, with auto execs showing up on private jets to request a bailout from the government and the Dow moving to below 8,000 points for the first time in 5 years. I still hold to the fact that this is a great time to get into the stock market if one has never done so before, especially if you are under the age of 50. By the way - please visit our sponsor, GreatBlackSpeakers.com if you are interested in hiring a top notch African American speaker or seeking to become one.

Take care!
Boyce Watkins
http://www.blogger.com/www.boycewatkins.com
Click here to join our money advice list.

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If you listen carefully to the words of Treasury Secretary Henry “Hank” Paulson and Ben “Big Ben” Bernanke (chairman of the Federal Reserve) you might notice a trend in their language. The word “confidence” is used a lot when they speak. Many of their monetary proposals are not necessarily valuable for their financial power, but also for their psychological power.

Some of you may wonder what confidence has to do with anything. After all, if you’re broke, confidence doesn’t exactly put money in your pocket. If you’re 100 pounds overweight, confidence won’t help you win the Olympic 100 meter dash. When you are flying on a crashing plane, confidence doesn’t keep the plane from slamming into the ground. But confidence is important to an economy, and one of the most significant drivers of economic growth. In fact, over confidence has driven US economic growth for the past 10 years. Here are some reasons that confidence matters in the minds of Hank and Big Ben:

1) Confident consumers spend money

If you think you might lose your job next year, are you going to max out your credit cards? I certainly hope not. If you are worried about being able to make ends meet, are you going to buy that big screen TV? Not unless you want your wife to leave you. So, even if it doesn’t hold any truth, the mere forecast of a weak economy is enough to make many Americans hold off on consumer spending, one of the great driving forces of the American financial system.

2) Confident companies invest money and hire workers

Investments involve risk. Your hunch may work out, and it may not. If you don’t believe the economy is getting better, you are not going to consider taking that risk. No one plans to go to the beach if the weather man says that it’s going to rain. When economic rain is in the forecast, companies pull out their umbrellas and hold off on new projects. This reduces the number of jobs in the economy, because nearly every job created in America is the result of someone making an investment.

3) Confident Americans do not take their money out of banks

In case you didn’t know, your bank does not have your money. Your money is part of a large base of financial capital that is loaned out to individuals and consumers seeking to get a good return on their investment. So, without investing, your bank would have no interest in paying you any interest at all. So if, say, 30% of all customers of the same bank decide to get their money out at the same time, the bank would have serious financial problems. It is a lack of confidence that could cause customers to “run” on their bank and take out their money.

4) Confident investors keep their money in the stock market

The stock market is a place where fortunes are made and lost. Some part of that fortune is psychological, given that no asset can have a value which exceeds that which someone is willing to pay for it. When investors lose confidence, they take their money out of the stock market, and reductions in demand for stocks lead to massive paper losses in the market. Additionally, most Americans are “momentum traders”, meaning that when the market goes up, they tend to buy more, and when it goes down, they tend to sell. History shows that it is actually the opposite approach that tends to work best.

5) Confident banks make loans

Banks have to keep a certain portion of their funds on hand at all times to meet federal requirements. If they are fearful that their customers might come and demand their cash, they hold onto their capital to ensure that it is available. If they are afraid that their borrowing customers will not be able to repay loans due to a weak economy, they also hold back on issuing new loans. The truth is that when economic forecasts are grim, conservative bankers become even more fearful than the rest of us.

The bottom line of this article is that confidence matters. So, the next time you hear Ben Bernanke give a speech, you can be confident that he is going to use language that makes you feel more secure. Whether you choose to believe those words is up to you.

Dr. Boyce Watkins is a Finance Professor at Syracuse University. He does regular commentary in national media, including CNN, BET, ESPN and CBS. For more information, please visit http://www.blogger.com/www.boycewatkins.com. To join our money list, please click here.