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Arianna joined the Morning Joe crew to discuss plans to launch "The Huffington Post Investigative Fund," a non-profit fund to produce a wide-range of investigative journalism.
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I hope these "investigations" will start with the war crimes and illegal actions of the Bush Administration's build up to war. Too many lives have been lost by his reckless cowboy politics. Then I think we need to go back to Ronald Reagan's era and look into the S & L bailout again as well as the push for deregulation.
I simply and stunned by the stupidity of the people that would like this lumped on Obama. First, it was argued he didn't have enough "washington savy" now he is the blame for all that has not only gone wrong with government, but our whole economic structure as well. You can't have it both ways.
I know I know Rush people are in shock from going from a president that can't even speak a grammatically correct sentence, to one that will NOT speak until he understands a situation, is a stunning feat for every one to grasp.
Arianna is right.
Lets do the Math.
30 years loan,, @ 5% FIXED, Insurance $600 PA. Purchace Price $265,000, $2000 Property Tax PA,
Payment Principle and Interest,,,,, $1,422.57
Tax per Month,,,,,,,,,,,,,,,,,,,,,,,,,,,,,, $ 166.66
Monthly Insurance,,,,,,,,,,,,,,,,,,,,,,, $ 50.00
************************************************
Total Monthly Payment,,,,,,,,,,,,,,, $1,639.24
Now! If you manage to scrounge, scrimp and save for a 20% Down Payment of $53,000 you might just make it.
American Average Home Price,,,,,,,, $265,000.00
Debt + other payments (1500 PM),, $ 3,139.24
Qualifying Income at 28%,,,,,,,,,,,,,,, $ 70,253.00
Qualifying Income at 36%,,,,,,,,,,,,,,, $104,641.22
To qualify at 28% you had better have 5 years on the job, be married to the CEOs daughter, have had a vasectomy, never late on a payment in YOUR WHOLE LIFE, and a credit score that would make Saint Peter blush in comparison and have birds land on your shoulders when you visit a park.
Considering the Average Income in America is,, $46,000.00 PA.
And a WELL Qualified individual need an income of $104,641.22 to buy the average American Home.
My conclusion?????
Home Pricing is about 230% OUT OF WHACK!
STILL!
230% Home Price Inflation since 2000 while incomes have remained FLAT.
To the TROLL$,,, I know, I Know. It is all Obamas fault.
All the best
Knute
exactly!
Arianna you're above Morning Joe.
Hank Paulson was the Goldman Sachs dude. Remember!?
I guess this will be all about the Obama Adminstration and nothing about Bush & Co. Some investigations.
Ariana if you are courageous enough to have Nassim Taleb interviewed tomorrow, and quote him on Morning Joe I know that we will be able to get some courageous reporting in the future.
We can get away from our reactionary way of governing in this country when we have facts.
Taleb and Kahnemann had a long discussion about the economy and how we get away from our gut reactions to the more rational part of our brain, and it takes information.
Let the revolution begin. It will begin with the facts.
Thanks Joe Good Job Today.
That should mean a lot, since I almost never enjoy what you say. Keep it up!
Thank you Arienna, Grassroots will get the truth one way or another..
My question is how will that be edited and managed? If we use the example of the Biden girl story this morning, there is innuendo and nothing verifiable except that its innuendo and the cited sources are the NY Post and the NY News. This was preemptively published in my opinion. The fact that we can get it on the "air" instantly via internet compounds the problem...
We should have an open forum to discuss this, since this effort may well be the basis for many "investigative" startups.
Please investigate where and what are on the 9/11/01 Pentagon Surveillence Tapes. Investigate the victims roles, responsibilities, potential internal enemies, conflicts, scandals of those who were killed at the pentagon.
Or investigate If Obama has seen the tapes personally. If not, will he do so. Just ask him.
Thanks.
No one died at the pentagon. I believe one lady hurt her leg.. "Luckily" no one was on that side of the building at the time of impact..
Got a parking ticket in Los Angeles, my meter ran out after I pumped 2 dollars of quarters into it...I was about 10 minutes late...$48.
They have cameras now all over to take your picture if you run a red light...or yellow...often times because of traffic, people get stuck behind someone who doesn't know how to drive or take a 'reasonable' chance to take a turn. shouldn't they pay the $380 ticket!!! That's right folks. Is this Arnolds and Mayor V's way of trying to make money for this city...by goudging the citizens>>>>???? It is CRAZY
Arianna comes off the tracks:
After her description of the new initiative, Arianna was critical of The President's efforts to correct our economic problems, basing her pronouncements on the opinions of several economists she trusts. She stated that our government bailouts are not transparent nor accountable. (Please excuse that I am speaking from memory and paraphrasing. - Don)
How can you form an informed opinion if the information is not available, i.e. there is "no transparency and no accountability?" How weakly reasoned is it to articulate her opinion based on others' opinions, all of which must, per her pronouncement about transparency, be uninformed by the facts?
She finished her comments by criticizing Larry Summers for appearing sleepy in public and the administration in general for being overworked and undermanned. This is the kind of insidious attack which serves no purpose other than to undermine public confidence. Not unexpectedly, one of the panel hosts chimed in with details about Larry Summers' dependence on Diet Coke.
When have we ever had a competent President and adminstration which was not overworked? Can we expect otherwise when we know that Treasury, Justice, State, and Homeland Security were in a shambles by the end of the Bush presidency? How silly can you get?
Don
http://DonKrieger.blogspot.com
http://publicservice.evendon.com
Good point.
Well said!!!
Too bad she was agreeing with Joe stating Geithner, Summer, Dodd and Frank are responsible for the mess we are in. CDS's didn't get out of control until 2003. Nor did the sub prime bubble.
This is very exciting.
I would like to see investigative reports on the University and College industry.
Why tuition rates have outpaced inflation for 20 years.
The exorbitant cost of college textbooks
How college administrators allow marketers to exploit students on campus (credit cards & more)
The unholy alliance between politicians, student loan lenders, and college/university financial aid operators
Great Topics! Now get to work and find out the answers.
Also why are college/university coaches paid ungodly salaries!!!!
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