Day: February 3, 2010

President Barack Obama’s sharp-tongued, often profane, chief of staff is under fire — not only from Republicans but by increasingly uneasy Democrats.

Rahm Emanuel has long had a reputation for diarhearra of the mouth and published reports that he called the efforts by fellow Democrats who questioned compromises on the health care plan “fucking retarded” has brought rebukes and questions over whether or not the former political consultant and Illinois Congressman is an asset or liability to the President.

After Emanuel’s outburst, an angry Obama ordered his Chief of Staff to immediately call the executive director of the Special Olympics and apologize for using the word “retarded.”

President Barack Obama’s new plan to give money to banks with the promise that banks will lend the money to small business looks good on paper.

But the odds are that the banks will keep the money and it won’t find it’s way to the public.

Like the original program that was supposed to increase lending, the plan doesn’t really force the banks to funnel the money to its customers.

Not that long ago, owning a home topped the list for the American Dream.

Now home ownership is the American Nightmare as more and more find they owe far more than their home is worth and the only way to recapture that dream is to walk away.

Some 4.9 million homeowners now live in homes with values below 75 percent of their mortgage value and that fiture is expected to rise to 5.1 million by June of this year.