american dream
New Thinking
by calvin davis [courtesy of Blog for America]
This election cycle should repersent the American worker, the American worker is under more stress today than at anytime in resent history. The American worker is not given a fair chance at reaching the American dream, in toady's economy. With the high rate of health care, fuel cost. home foreclosure at a all-time high and the cost of a college education for there childrens fading from site, family saving not a real option. Jobs being sent overseas for low wages, without concern for this nation welfare.
In this presidential season we the American worker should be demanding tax reform, in the form of total elimination of the overtime tax penalty that the worker is now paying, The American worker is working harder and longer hours only to have his earning go to big government. France removed the overtime penalty on there work force and the economy took off, with higher worker productivity. They base the taxes the worker pay on thrity five hour work week, we have a forty hour work week, and should be tax on a forty hour work week, so the American worker can take home his or her overtime pay.
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Schwarzenegger Vetoes The California DREAM Act
by David Dayen [courtesy of Calitics - Front Page]
The Governor vetoed SB1, legislation which would have allowed students who are children of undocumented immigrants to apply for financial aid and have the same opportunity at contributing to the American dream as their counterparts. These are young men and women who did not make the decision to come to this country, yet represent out best hope to continue as a strong nation by contributing to our economy and our historic diversity. They consider themselves Americans and Californians and wish to use their talents and skills to benefit this country and this state. The Governor said no.
And get this, he blamed it on the high cost of college (yeah, who's responsible for THAT?).
At a time when segments of California public higher education, the Universirt of California and the California State University, are raising fees on all students attending college in order to maintain the quality of education provided, it would not be prudent to place additional strain on the General Fund to accord the new benefit of providing state subsidized financial aid to students without lawful immigration status.
That expense will pay itself back 10 times over in the future. But now the dream of a college education for these students becomes ever more remote. This used to be a different kind of country.
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Happy Labor Day Folks!
by Sheri Divers [courtesy of Blog for America]
Time to relax and celebrate workin’ for a livin’ in the USA!
We are thankful to all Americans who work and take care of those they love for keeping democracy and opportunity alive in America.
Working Americans have built this country, created the opportunities that this country holds for our children and grandchildren, and have sustained the American Dream which has inspired democracy and human rights in other countries around the world.
As much as we should to celebrate all of this, we also need to deal with the biggest challenge to opportunity, democracy, and free enterprise in America.
It’s time we had a national conversation about the integrity, accountability, and standards of competency among our business leadership. Yes, there are many great businesses and business leaders in America. But it is also true that we are living in the golden age of the overpaid and underperforming chief executive. Currently:
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Preserving the American Dream: California Lags Other States in Responding to the Foreclosure Crisis
[courtesy of California Progress Report]
Part One of a Three Part Series
Testimony of Paul Leonard
California Office Director
Center for Responsible Lending http://responsiblelending.org
Before the California Senate Banking Committee
August 21, 2007
[Editor's note: Tuesday, overshadowed by the passage of the state budget, the California State Senate Banking, Finance, and Insurance Committee held its third informational hearing of the year regarding the subprime mortgage collapse. This is an issue of great importance to the economic well being of California as well as to many individual borrowers.
In setting this hearing, the Committee Chair, Senator Mike Machado, noted that "California is facing levels of default and foreclosure not seen since the early 1990s, and experts expect the situation to get worse before it improves. Thousands of California borrowers are facing enormous payment increases when their interest rates reset later this year, while others who rely on a healthy housing and construction market for their income have lost significant spending power." Machado's Senate District in San Joaquin, Yolo, and Solano Counties has been hard hit by this crisis.
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Preserving the American Dream: Legislative Recommendations to Protect Future Borrowers in California
[courtesy of California Progress Report]
Last of a Three Part Series
Testimony of Paul Leonard
California Office Director
Center for Responsible Lending
Before the California Senate Banking Committee
August 21, 2007
California appears to be following the federal regulators in establishing new lending standards for subprime loans. Other states have shown much greater leadership in both establishing tougher lending standards and in strengthening procedures to rein in deceptive practices of brokers and lenders. Much stronger legislative action is needed to ensure that subprime borrowers get access to responsible credit that provides sustainable homeownership opportunities.
1. Ban Prepayment Penalties on Subprime Loans
Prepayment penalties are minimally addressed in the subprime statement, requiring only a grace period of 60 days before payment reset, during which a borrower must be able to refinance without paying a prepayment penalty.
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Nine Digits Away from a Dream
by atdleft [courtesy of Calitics - Front Page]
What would you do if your American dream had to be deferred? And how would you respond when you find out that your dream must be deferred because of nine digits? Yep, nine digits would be separating you from your plans, your hopes, your wishes, your future. Doesn't that seem unfair?
Well, it is. It's quite unfair for all the young people to work so hard to go to college, yet can't access any financial aid because they are undocumented immigrants. And even if they can somehow make it through college, they can't get a job because they don't have those nine little digits. Even though they came here as children, and even though they only remember living here, they are punished for something they had no control over.
So what can be done about this injustice? Follow me after the flip for more...
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Open Thread.
by Lucas O'Connor [courtesy of Calitics: Soapblox California - Front Page]
The U-T's intrepid road warrior is checking in from Arcosanti, AZ. I'm not sure if it was intentional, but she manages to strike a chord that might resonate:
As with many grand experiments, however, the fact that so many people have participated in the dream may be as important as the realization of the dream itself. What people find here seems to be less about architecture and more about being part of a community that's trying to create a better world, even if it's clear their quest will never fully succeed, and even if Arcosanti is merely a stopping point along the way to their final destination.
How's that reconcile with your vision of the American Dream? Ends? Means? Something -doo economics? Bueller?
And now, because nobody Open Threads anymore. Dance Party over Cleveland. Dance Party over Arcosanti. Dance Party over San Diego. Dance Party over your soul. Watch the video and pick your favorites. They're collectible, they're tradable, and one of them is taking fashion advice from Brian. I've identified 9 people whom I would like to treat to a drink, and if you think that my favorite move is the puppet pockets, you're close but will receive no cigar. Brandston - Nobody Dances Anymore.
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