Excerpts of the President’s Opening Remarks at Tonight’s News Conference
The White House released these excerpts of President Obama’s opening remarks at tonight’s press conference, as prepared for delivery.
“That is why I’ve said that even as we rescue this economy from a full-blown crisis, we must rebuild it stronger than before. And health insurance reform is central to that effort.
“This is not just about the 47 million Americans who have no health insurance. Reform is about every American who has ever feared that they may lose their coverage if they become too sick, or lose their job, or change their job. It’s about every small business that has been forced to lay off employees or cut back on their coverage because it became too expensive. And it’s about the fact that the biggest driving force behind our federal deficit is the skyrocketing cost of Medicare and Medicaid.
“So let me be clear: if we do not control these costs, we will not be able to control our deficit. If we do not reform health care, your premiums and out-of-pocket costs will continue to skyrocket. If we do not act, 14,000 Americans will continue to lose their health insurance every single day. These are the consequences of inaction. These are the stakes of the debate we’re having right now.
“I realize that with all the charges and criticisms being thrown around in Washington, many Americans may be wondering, ‘What’s in this for me? How does my family stand to benefit from health insurance reform?’ Tonight I want to answer those questions. Because even though Congress is still working through a few key issues, we already have agreement on the following areas:
“If you already have health insurance, the reform we’re proposing will provide you with more security and more stability. It will keep government out of health care decisions, giving you the option to keep your insurance if you’re happy with it. It will prevent insurance companies from dropping your coverage if you get too sick. It will give you the security of knowing that if you lose your job, move, or change your job, you will still be able to have coverage. It will limit the amount your insurance company can force you to pay for your medical costs out of your own pocket. And it will cover preventive care like check-ups and mammograms that save lives and money.
“If you don’t have health insurance, or are a small business looking to cover your employees, you’ll be able to choose a quality, affordable health plan through a health insurance exchange – a marketplace that promotes choice and competition Finally, no insurance company will be allowed to deny you coverage because of a pre-existing medical condition.
“I have also pledged that health insurance reform will not add to our deficit over the next decade – and I mean it. “
…
“I understand how easy it is for this town to become consumed in the game of politics – to turn every issue into running tally of who’s up and who’s down. I’ve heard that one Republican strategist told his party that even though they may want to compromise, it’s better politics to ‘go for the kill.’ Another Republican Senator said that defeating health reform is about ‘breaking’ me. *
“So let me be clear: This isn’t about me. I have great health insurance, and so does every Member of Congress. This debate is about the letters I read when I sit in the Oval Office every day, and the stories I hear at town hall meetings…This debate is not a game for these Americans, and they cannot afford to wait for reform any longer. They are counting on us to get this done. They are looking to us for leadership. And we must not let them down. We will pass reform that lowers cost, promotes choice, and provides coverage that every American can count on. And we will do it this year. “
**
*The GOP strategist referred to is William Kristol, and the Senator is Jim DeMint of South Carolina.
- jpt
Email
Santorum Clarifies Concerns on Women in Combat
Gulf of Mexico to Become Gulf of America?
“(Let’s not ) become consumed in the game of politics – to turn every issue into running tally of who’s up and who’s down….(Now let me tell you what the Republican strategists are thinking)
HUH!!!
The same Sen DeMint that voted , siding with Obama, on killing the F22 just yesterday!!!
The same Bill Kristol well ….hey he’s a conservative pundit, he can say what he wants.
“This debate is not a game for these Americans” YOU JUST MADE IT ONE, and according to your own people in Congress, you’ve lost – Round 1 at least.
Posted by: robertb | July 22, 2009, 7:16 pm 7:16 pm
He continues to call opposing thoughts and different ideas politics, while he smiles and lies to the American public. The bills working their way through the Senate and especially the House will GUARANTEE that most Americans end up on the public dole, just as the Democrats want. More lemmings that are beholden to them for votes. Open your eyes America and write to your representatives. Have them work hard for health care reform but vote no on these monstrosities currently working their way through Congress. Vote NO on Obamacare. Don’t be held hostage by FEAR and INTIMIDATION of the Obama Administration and DNC bigwigs in Congressional leadership. It’s important we get this right. It’s critical. This is no time to RAM a 1000 page bill through Congress.
Posted by: Aaron | July 22, 2009, 7:22 pm 7:22 pm
Obama and every Democrat should be asked, why did every Democrat in the committee vote no on Senator Coburn’s amendment that every member of Congress would have to be on the public plan. THINK ABOUT THAT. Every person in the party in favor of this bill voted NO on this resolution. Doesn’t that say something??? If it’s so great, what are they afraid of???
Posted by: Aaron | July 22, 2009, 7:24 pm 7:24 pm
The sooner that Americans buck up and realize that he wants capitalism destroyed, is when we will be able to fight back. He talks about being FORCED to pay the healthcare we have now? And that small businesses are being FORCED to lay off employees? Why? Because Obama is destroying small business and is destroying capitalism. There is no private insurer in this bill. You make one change, boom, you’re in a government plan whether you like it or not, or you will be FINED. Fined for not being in a government funded health care.
And there are NO DEBATES when it comes to this. The Supreme Leader Obama makes that perfectly clear. I can only ask…I’m 35 years old…and I remember when I was young, and not understanding politics at the times, yet I knew the USSR was bad. Now I know politics, and we are becoming the USSR. Stop waiting and denying, or hoping for something to change, when the only REAL CHANGE, is YOU and I and every other American stand up against this. Your phone calls matter. Your emails matter. And if they ultimately do not, then we will move to the next level. And let your Congressmen and women know DAMN WELL THAT WE MEAN BUSINESS! THIS IS OUR COUNTRY!
Posted by: clint | July 22, 2009, 7:35 pm 7:35 pm
Yawn. Socialists are SO boring.
Posted by: Jenn | July 22, 2009, 7:38 pm 7:38 pm
Sounds like he is hitting on the clear and obvious point:
America is projected to spend over $10 trillion more on health care than any other first world nation over the next 10 years (adjusted for population). We cannot afford this, and the only consistent difference between the US and every other first world nation is we spend over twice as much per capita and we don’t have a government health care option keeping private insurance honest.
As for the absurd argument that this is being rammed through Congress, at the start of March Obama was already holding a bit health care summit. This is over 4 months later. Wanting to get it done in the next month, when there are multiple bills already completed to draw on, is hardly a rush folks.
Posted by: jhw539 | July 22, 2009, 7:44 pm 7:44 pm
When obama agrees that he and every member of congress, and their wives and kids will go on the public option. When obama and the members of congress sit down and actually READ THE BILL- then maybe we will start to listen to what he has to say. Until then it is just more rhetoric and I refuse to even turn it on.
Posted by: noguilt | July 22, 2009, 7:46 pm 7:46 pm
clint:”The sooner that Americans buck up and realize that he wants capitalism destroyed, is when we will be able to fight back.”
Do you have any facts or documented reality to support your argument? Any of it?
“There is no private insurer in this bill.”
That is an utter lie. There are indeed systems with no private insurer in the world, but none of them are on the table.
“You make one change, boom, you’re in a government plan whether you like it or not, or you will be FINED.”
This is also a lie. You will always have the choice to buy into a private insurance plan, just like now. And just like people in countries with real nationalized healthcare also have that option (for example, you can get private insurance in the UK to cover things like tennis elbow replacement or to skip the 2 month wait for back surgery).
Your post is classic fear mongering, to the point that I wonder if you are actually a bored liberal pretending to be the strawman right winger with no knowledge at all of the documented issue at hand.
Posted by: jhw539 | July 22, 2009, 7:49 pm 7:49 pm
noguilt:”When obama and the members of congress sit down and actually READ THE BILL- then maybe we will start to listen to what he has to say. Until then it is just more rhetoric and I refuse to even turn it on.”
And what exactly would it take to prove to you he has read the bill?
Posted by: jhw539 | July 22, 2009, 7:50 pm 7:50 pm
======================================
= SO WHAT IS OBAMA GOING TO SAY TONIGHT
= ABOUT HIS GREAT HEALTHCARE “REFORM”
======================================
* Obama is the only one with a real plan to “reform” healthcare and everyone else is standing in the way of “true reform” (yet Obama doesn’t even know what’s in the legislation)
* He’ll make great promises about the proposed healthcare reform (when he’ll actually contract the horrible damage already written into the legislation)
* He’ll say it’s budget neutral (when it’s already been determined the federal budget can’t sustain this massive entitlement system)
* There suddenly is an urgency to “reform” healthcare (when the only urgency his is reputation)
* That nothing has been done for decades (when many changes and improvements have occurred)
* The “American People” want Obama’s reform (when most Americans oppose the proposals that have been surfacing in the press)
* That evil “Washington” politics is trying to derail his wonderful plan (when Obama himself is “Washington” politics)
[And I'm sure Khrushchev, Castro, Chavez and others of that ilk considered themselves great "reformers" and why the Communist Party USA is one of Obama's biggest fans]
=====================================
= AND WHAT OBAMA WON’T TELL YOU
=====================================
* The the average American is uninsured for 3-4 months
* The the total uninsured includes about 10million aliens
* The the proposed solution will bully individuals, companies and insurance carriers into moving citizens into the government program
* That no one in the federal government would give up their healthcare coverage for the proposed government system
* That in countries with government run systems, like Canada, private free-market healtcare options are emerging because the delays and denials of service from centralize systems are inhumane.
Posted by: N Waff | July 22, 2009, 7:51 pm 7:51 pm
fix medicare/caid first… after that we can discuss you ideas about improving the system. until then i DO NOT trust this plan.
Posted by: paige | July 22, 2009, 7:54 pm 7:54 pm
N Waff:”The the average American is uninsured for 3-4 months”
This is direct contradiction of all the published reports I’ve seen – such an extraordinary claim needs a citation.
“The the total uninsured includes about 10million aliens”
That number includes LEGAL immigrants. Your referring to them dismissively as aliens is why the Republicans are widely considered to be lying when they insist they only dislike law breaking illegal aliens (it’s pretty clear that all immigrants, including legals ones, are not wanted in the Republican tent).
“That in countries with government run systems, like Canada, private free-market healtcare options are emerging”
Free market supplemental insurance has been available for decades for people who want to pay a premium to get premium service. Your suggest that they are emerging, or even growing, is a lie.
Based on documented reality, I don’t see how your rant has any credibility beyond vacuous fodder for the right’s daily Two Minute Hate.
Posted by: jhw539 | July 22, 2009, 7:59 pm 7:59 pm
Lord help us: He finished by doing “This is not about ME”, simper-simper, cloy-cloy, AGAIN.
Notice he mentions “middle class” but not poor.
Posted by: Bet | July 22, 2009, 8:10 pm 8:10 pm
And I suppose our president thinks we all just fell off the turnip truck last night. Everything I heard is pure nonsense. What world does he live in.
Posted by: J. Harris | July 22, 2009, 8:13 pm 8:13 pm
“And I suppose our president thinks we all just fell off the turnip truck last night. Everything I heard is pure nonsense. What world does he live in.”
One of His more annoying affectations is waaay over-using the word “families”, where the natural usage would be “people”.
Posted by: Bet Noir | July 22, 2009, 8:18 pm 8:18 pm
We spend $6000 more on health care because Europe has a loser pays legal system that inhibits lawsuits and they are not as fat as the U.S. The U.S. has become a bunch of fat sissies that run to the emergency room for every cut and knick. We need to stop eating so much and realize that certain pains and injuries do not need treating by a doctor.
Posted by: Grapes | July 22, 2009, 8:21 pm 8:21 pm
Jeez: His “answers” to the questions are a cut-and-paste of previous talking points. And the indispensable “the American people”.
He is neither “diligent” NOR “honest”. How can the press sit through it AND resist the urge to cat-call and throw shoes? :^|
Posted by: Bet Noir | July 22, 2009, 8:22 pm 8:22 pm
Huzzah for Chuck Todd, for pointing out that the Democrats don’t like OblablaCare, EITHER.
Posted by: Bet Noir | July 22, 2009, 8:26 pm 8:26 pm
This is Obama’s first presser since America found out he wears mom jeans.
No wonder he looks defensive.
Posted by: bailey | July 22, 2009, 8:26 pm 8:26 pm
Sheesh: “they think it’ll make Obama more vulnerable”. He’s taken to referring to Himself in the third person — we’re in Mad King Ludwig land.
Posted by: Bet Noir | July 22, 2009, 8:28 pm 8:28 pm
Someone in the press asked BO why he is blaming Republicans when Dems are blocking Health care.
Obama had the nerve to say “you don’t see me out there blaming Republicans”.
He truly thinks we are dumb and hearing impaired too.
He lives in some kind of fantasy land.
Posted by: nick | July 22, 2009, 8:30 pm 8:30 pm
Oblabla doesn’t seem to get it that most “tests” measure things that CHANGE from day to day, and change with the progression of diseases.
Not to MENTION the crappy undependability of most medical LABS, a subject El Know-it-all hasn’t yet bored everybody to death about.
Posted by: Bet Noir | July 22, 2009, 8:31 pm 8:31 pm
“77 percent of Americans are satisfied with their existing health insurance coverage.”
Karen Ignagni, president of America’s Health Insurance Plans (AHIP), invoked the statistic to argue against the creation of a government-run insurance option. But the polls are not that simple, and her assertion reveals how the industry’s effort to defend its turf has led it to cherry-pick the facts.
The poll Ignagni was citing actually undercuts her position: By 72 to 20 percent, Americans favor the creation of a public plan, the June survey by the New York Times and CBS News found.
People also said that they thought government would do a better job than private insurers of holding down health-care costs and providing coverage.
Posted by: danita | July 22, 2009, 8:37 pm 8:37 pm
He’s talking so much, he’s not giving anybody a chance to ask a question, and when they finally get to ask one, it’s insipid, and doesn’t address anything important.
Like – why can’t you agree to the most basic way to cut unnecessary tests, which is with tort reform/lawsuit caps?
Under the proposed plan, why won’t a person be allowed to get another private plan after dropping one private plan? Why do they HAVE to then take the public plan?
Don’t you think it’s a bit creepy to quiz seniors every 5 years about their future life plans? Don’t you think this sounds like you want them to hurry up and die and quit burdening the system?
And why do you keep talking incessantly and blaming Republicans? In my experience, blaming others is a sign that you don’t know what you’re doing yourself!
Posted by: MissButterfly | July 22, 2009, 8:39 pm 8:39 pm
Thirty-five minutes and Obama has used the “I inherited” excuse three times.
Oh yes–a female reporter asked if he has fulfilled his promises for transparency.
He can’t explain why the health care debates have not been on C-Span as he promised.
Great question female reporter!!!
Posted by: max | July 22, 2009, 8:42 pm 8:42 pm
Grapes:”We spend $6000 more on health care because Europe has a loser pays legal system that inhibits lawsuits and they are not as fat as the U.”
The most recent CBO analysis (among others) indicates that lawsuits (payouts, malpractice insurance, etc) are a negligible driver of increasing costs. This is a common fallacy that Obama is also guilty of pushing.
The US is somewhat fatter than Europe, and Europe smokes somewhat more. Can you cite any study that suggests these two trends do not tend to cancel each other out when corrected for?
Posted by: jhw539 | July 22, 2009, 8:42 pm 8:42 pm
uhm . … the abysmal economy left at the end of the Bush administration is not an ‘excuse’ it’s a sad and very real fact for many Americans – and in fact for many people of many countries.
Calling it an ‘excuse’ is stupid.
Posted by: danita | July 22, 2009, 8:47 pm 8:47 pm
Obama says we all have give up some things with this healthcare. He talks about the healthcare overseas as if he truly understands it. Does everyone realize what they may have to give up??I have family in Europe that have had to pay doctors on the side for better care or for them to give a family member earlier appointments, have had chemo taken away because they were too old, had meds changed or again stopped and finally just left without anymore treatment to die with leukemia. He doesn’t discuss any of that. He doesn’t talk about the selection of who gets what treatment, if your child has CP and another completely healthy, and both need the same surgery, but there is only one that can have it, who do you think is going to get selected. Is he and all of the politicians going to stay on their great government healthcare or join all of us on this “great planned socialist care” if this thing goes through? Of course not! In the meantime, the wife and kids roam around the world jetsetting to “gather experience” while they wear designer clothes at a time that most people can’t afford to buy a new pair of shoes for all the kids. This picture is all wrong.
Posted by: Jessica | July 22, 2009, 8:49 pm 8:49 pm
Rep. Jerry Nadler D-NY said he won’t use ObamaCare if it passes. The video is out there.
Do you think that Obama and Congress will have the same Healthcare plan that they are pushing on us?
Of course not. “Do as I say, not as I do.”
All I hear tonight are spin and lies.
Posted by: Joannie | July 22, 2009, 8:50 pm 8:50 pm
Great question female reporter!!!
And … it sounds like she’s a Chicago Tribune reporter, besides.
Posted by: Bet Noir | July 22, 2009, 8:51 pm 8:51 pm
What a waste of time!
Posted by: MissButterfly | July 22, 2009, 8:57 pm 8:57 pm
So others are noticing he cannot look the reporters straight in the eye. Interesting isn’t it? First thing I spotted.
Posted by: Jessica | July 22, 2009, 8:57 pm 8:57 pm
If only someone would come out and ask, “Knowing that socialized medicine has resulted in lower quality and quantity of care in the countrys where it’s been tried, and that the wealthy still come to America or go to private hospitals for quality care, why do you still want to force it on Americans?”
Posted by: brighamcpa | July 22, 2009, 9:00 pm 9:00 pm
Jessica:”I have family in Europe that have had to pay doctors on the side for better care or for them to give a family member earlier appointments, have had chemo taken away because they were too old, had meds changed or again stopped and finally just left without anymore treatment to die with leukemia.”
Are they in an ex-communist country like Romania? I have four aunts and a handful of cousins who have lived all their lives in the UK, and two grandparents who died at ripe old ages there (including one who fought cancer off and on due to smoking) – they have never had a problem. My mom and dad actually returned to the UK to have my older sister specifically because of the health care (he was naturalized and employed by the time I came along so I was born here).
But both of our anecdotal evidence is just heresay. The actual studies and surveys of people in other first world countries shows an overwhelming preference for their system versus ours, even when they are quick to list the problems in their own system.
Posted by: jhw539 | July 22, 2009, 9:02 pm 9:02 pm
Absolutely amazing. He said that 2/3 of the cost would be paid for with dollars already coming in. So he’s going to come up with a trillion dollars in savings? Suuuure he is.
Posted by: brighamcpa | July 22, 2009, 9:04 pm 9:04 pm
He deliberately “misunderstood” the question about stonewalling on releasing records about His meetings with “health” executives — on which He relented only today, when the lawsuit was filed — to refer to stonewalling on the TARP info.
Posted by: Bet | July 22, 2009, 9:05 pm 9:05 pm
brighamcpa:”Knowing that socialized medicine has resulted in lower quality and quantity of care in the countrys where it’s been tried,”
That is contradicted by the majority of studies, which show greater satisfaction and longer life expectancies in countries with “socialized” medicine.
It also absurdly suggests we do not already have socialized medicine. No one is left to die in the US of easily treatable illnesses, they just have to wait until it is severe enough that the emergency room is obligated to give them ICU treatment (as opposed to antibiotics a month earlier).
Posted by: jhw539 | July 22, 2009, 9:06 pm 9:06 pm
Obama only took 11 questions and most of them were big fat softballs.
A complete waste of time.
It’s just like all of his hundreds of speeches –he rambles on and on and basically says nothing new.
Did he put the press to sleep–they acted like they were on sedatives.
Posted by: bailey | July 22, 2009, 9:08 pm 9:08 pm
“He doesn’t talk about the selection of who gets what treatment,”
He doesn’t discuss the “community” clinics that are handing out pain pills (fake pain pills, in some cases) and psycho-meds to people who swiftly die of deliberately-undiagnosed cancer and heart disease and the like.
He’s actually talking about “insurance reform” — His Freudian slip of yesterday — not “health care reform”.
Posted by: Bet Noir | July 22, 2009, 9:10 pm 9:10 pm
jhw539-Family is in Austria, Germany, Hungary and Romania, same stories everywhere. Think the UK is much different.
What scares me is that depending on the area, who the doctors are along with who the pharmacists are, all reflect on how your treatment is handled.
Precription drugs, antibiotics and the like are also limited in some of the outlying areas, where they can wait for 2 to 3 weeks to get it.
Again, “if you have the money to pay, they will help you much quicker” is something I have heard over and over.
Posted by: Jessica | July 22, 2009, 9:10 pm 9:10 pm
I lived in Spain for a couple of years. If you had a serious medical issue, you went to a private hospital. Because getting in to see a doctor was a nightmare. It’s simple economics. If the care is free, what’s the incentive for people not to go in for every little sniffle? It overloads the system.
Posted by: brighamcpa | July 22, 2009, 9:11 pm 9:11 pm
Jessica
I did notice how he looked down when answering questions. His answers don’t come easy–it takes him forever to get to the point.
Posted by: max | July 22, 2009, 9:13 pm 9:13 pm
“it takes him forever to get to the point.”
That’s because He was working in his cut-and-paste modules, and running out the clock.
It did NOT go very well, and will have gained His cult no converts
. Maybe it’ll be awhile before they try THAT again.
Posted by: Bet Noir | July 22, 2009, 9:18 pm 9:18 pm
uhm . … the abysmal economy left at the end of the Bush administration is not an ‘excuse’ it’s a sad and very real fact for many Americans – and in fact for many people of many countries.
Calling it an ‘excuse’ is stupid.
And Danita – The sad fact is that obama made it worse by adding more to the deficit – much of the that money was PORK, period – and NONE of it has worked so far, as the unemployment rates keep rising. That’s your sad fact for the day. When will you and obama take responsibility for obama’s actions? What about his lies tonight? He can’t answer any questions. You must have been so impressed him him. He’s a liar and you constantly defend him. Don’t you have more important things to do?
Posted by: Jenny | July 22, 2009, 9:21 pm 9:21 pm
Jenny . ..
Sorry, did I wake you up? Yes, Bush left the country in an abysmal state, and yes the Obama administration has put in place the Recovery and Reinvestment plan to try to pull the country back from the mess left by the previous administration.
I know it is painful for you to accept the fact the Bush administration was unable to anticipate or prepare for the economic crisis – but nobody else can be blamed for them not seeing it coming, or doing anything to prevent it. Under Bush it was pretty much free-fall straight through the election and into the beginning of the Obama administration.
Sorry, thems the facts. Will the Democrats and Obama be able to miraculously pull this back from the brink and actually turn things back around? We can surely hope so.
Other than that, what other nonsense have you got to spout?
Posted by: danita | July 22, 2009, 9:33 pm 9:33 pm
The President did not address the fact that this plan is going to create more UNEMPLOYMENT in this country because businesses and rich people forced to pay for this plan (and the addtional taxes) will pass the cost onto us the consumer in the form of inflation, layoffs etc. Also what is to stop U.S. Healthcare and these other insurance & private healthcare companies from simply folding and taking the money they have taken from us already and closing up shop (thus denying existing healthcare). The consequences like longer waits for healthcare and procedures which would be needed right away were also not mentioned i.e. they arent going to turn anyone away but so what if they have to wait 6 months to have their appendix removed. Its all just a plan to soak the taxpayer for more money. Money this administration wasted on TARP, money they are going to lose in April 2010 in tax revenues from 10% unemployed people who cant pay their income tax etc.
Posted by: guesswhaturwrong | July 22, 2009, 9:43 pm 9:43 pm
“the mess left by the previous administration”
The “Democrats”, including Obama during His fleeting service in the Senate, colluded with Bush in every excess, from the Patriot Act on. Obama is out-Bushing Bush in most kinds of secrecy and imperiousness.
At least the Republicans aren’t rolling over for the former-”Democrats” as the Democratic Party rolled over — always, because they’re chicken, roll over — for the Republicans.
When they take back the Congress next year, that’ll be why.
Posted by: Bet Noir | July 22, 2009, 9:44 pm 9:44 pm
Danita: We know that Dubya and the Republicans screwed up our country. But Obama said whe he ran that he would fix it.
The stimulus is not working and he has let crazy Arnold destroy CA. Why should my tax dollars pay for the Wall St bailout, but not my own state of CA?!
If he’s willing to let the biggest state in the country suffer 25 billion in cuts, including deep cuts health care, then why should I trust him on ANY issue? He wouldn’t even have won without our votes and our resources.
Posted by: bubbles | July 22, 2009, 9:50 pm 9:50 pm
You keep up your talking points from ACORN, Danita. And the rest of us in America, our own country, will continue to investigate and recognize this absolute destruction of our capitalism, and do something about it.
Hope is rhetoric. Facts, logic, information, and intelligence prevails. By the way, what country are you from again, Danita?
Posted by: clint | July 22, 2009, 9:52 pm 9:52 pm
===and they cannot afford to wait for reform any longer. ===
If Obama gets his healthcare passed, when will it go into effect?
Posted by: Axey | July 22, 2009, 9:54 pm 9:54 pm
Axey: I keep hearing that it won’t go into effect until 2013…don’t know if that’s true, but to all you “Americans” who are awaiting your “free” healthcare, you might have to wait a while.
Posted by: Lisa | July 22, 2009, 10:23 pm 10:23 pm
The President said he wants to have health care coverage for all AMERICANS-sounds great. He didn’t mention who is to pay for healthcare for the 12 to 20 MILLION illegal immigrants who live here. How do they figure into the budget?
Posted by: kathy | July 22, 2009, 11:15 pm 11:15 pm
I know it is painful for you to accept the fact the Bush administration was unable to anticipate or prepare for the economic crisis – but nobody else can be blamed for them not seeing it coming, or doing anything to prevent it.
Posted by: danita | Jul 22, 2009 9:33:32 PM
_________________________________
1)
The Bush Administration and Senator McCain warned repeatedly about Fannie Mae and Freddy Mac and what thus became the 2008 financial crisis — starting in 2002. Democrats not only resisted all reform efforts, but Barney Frank continued to declare them ‘financially sound’ despite clear signs of meltdown.
2)
In May 2006, McCain was speaking on the Senate floor in support of the Federal Housing Enterprise Regulatory Act of 2005, a plan he had co-sponsored. In the speech, he cited a federal report, saying that “Fannie Mae employees deliberately and intentionally manipulated financial reports to hit earnings targets.” He also noted a $3.8 million fine Freddie Mac had recently paid to the Federal Elections Commission over problems with disclosure of its political lobbying.
“These are entities that have demonstrated over and over again that they are deeply in need of reform,” McCain said in the speech. He urged senators to support changing how the institutions were overseen by the government. “If Congress does not act, American taxpayers will continue to be exposed to the enormous risk that Fannie Mae and Freddie Mac pose to the housing market, the overall financial system, and the economy as a whole,” McCain said in the speech.
The legislation, which never became law, would have moved oversight of Fannie and Freddie from the department of Housing and Urban Development to an independent Federal Housing Enterprise Regulatory Agency.
3)
President Bush called for regulation of Fannie and Freddie in 2003 (NY Times), but the Dems denied there was any problem.
“September 11, 2003
“The Bush administration today recommended the most significant regulatory overhaul in the housing finance industry since the savings and loan crisis a decade ago.
“Under the plan, disclosed at a Congressional hearing today, a new agency would be created within the Treasury Department to assume supervision of Fannie Mae and Freddie Mac, the government-sponsored companies that are the two largest players in the mortgage lending industry.
“The new agency would have the authority, which now rests with Congress, to set one of the two capital-reserve requirements for the companies. It would exercise authority over any new lines of business. And it would determine whether the two are adequately managing the risks of their ballooning portfolios.
“The plan is an acknowledgment by the administration that oversight of Fannie Mae and Freddie Mac — which together have issued more than $1.5 trillion in outstanding debt — is broken. A report by outside investigators in July concluded that Freddie Mac manipulated its accounting to mislead investors, and critics have said Fannie Mae does not adequately hedge against rising interest rates.”
4) To cite a few. Any questions?
Posted by: Traffic Cop Timmy | July 22, 2009, 11:23 pm 11:23 pm
“President Bush announced an Administration effort to increase home ownership rates among African Americans and Hispanics by 5.5 million by 2010.
“The plan would provide down payment assistance to 40,000 minority homebuyers each year.
“Bush’s plan would be closely tied to some $440 million in minority loan programs offered by Fannie Mae and Freddie Mac. President Bush commended Fannie Mae and Freddie Mac’s efforts.”
(July 1 2002)
Posted by: danita | July 23, 2009, 12:37 am 12:37 am
Timmy . . .
“President Bush called for regulation of Fannie and Freddie in 2003 (NY Times), but the Dems denied there was any problem.”
Bush and the Republicans had control of Congress basically through the first 6 years of Bush’s administration.
Any changes they wanted to make in financial regulations were available to them from 2002 through 2006.
That they failed to do so is there own problem.
Posted by: danita | July 23, 2009, 12:40 am 12:40 am
Danita wrote: “Bush and the Republicans had control of Congress basically through the first 6 years of Bush’s administration. Any changes they wanted to make in financial regulations were available to them from 2002 through 2006. That they failed to do so is there own problem.”
When President Bush took office on Jan 20, 2001, the Senate was evenly split 50/50, with VP Cheney casting the deciding vote which gave the Republicans control of the Senate. That lasted only four months, as Sen. Jim Jeffords of Vermont switched from the Republican party to being an Independent on May 24, 2001, but voting with the Democrats. That gave the Democrats control of the Senate until January 2003.
From January 2003 through December 2004 the Republicans held a 51-48-1 (voting Democrat) majority.
From January 2005 through December 2006 the Republicans held a 55-44-1 (voting Democrat) majority.
The Republicans voted the reform bill out of committee. However, the Democrats threatened a filibuster if the bill came to the floor for a vote. So in a procedural move, the Republican’s left the bill in committee. It is incorrect to say that any changes they wanted to make were available when the Democrats had the votes to sustain a filibuster throughout Bush’s two terms.
Now then the fact that the Republicans failed to get reform through the senate turned out to be the entire nation’s problem.
Posted by: James Danley | July 23, 2009, 1:32 am 1:32 am
The housing crisis was much, much bigger than Fannie and Freddie. They made only 16% of the bad loans.
But the real issue is what Wall St did with the bad loans. They securitized them and sold them into mutual funds all over the world. So you have toxic debt all over the world. THAT is the problem.
Posted by: bubbles | July 23, 2009, 1:51 am 1:51 am
James – it is as I described it. After the elections in 2002, the Republicans had a majority in both Congress and the Senate.
That they failed to regulate financial cannot be faulted to the Democrats.
The history is not so clear as you present it. Yes, they failed to bring Senate reform bill before the Senate HOWEVER Republicans also did not support reform at the time.
And it’s worth noting that . …
“The House also introduced similar legislation, the Federal Housing Finance Reform Act of 2005 (H.R. 1461), in the Spring of 2005. The House Financial Services Committee had crafted changes and produced a Committee Report by July 2005 to the legislation.
“It was passed by the House in October in spite of President Bush’s statement of policy opposed to the House version.
“The legislation met with opposition from both Democrats and Republicans and that point and the Senate never took up the House passed version for consideration after that.”
And along the same lines. . .
“The president spent years pushing a recalcitrant Congress to toughen regulation of the companies, but was unwilling to compromise when his former Treasury secretary wanted to cut a deal. And the regulator Bush chose to oversee them – an old school buddy – pronounced the companies sound even as they headed toward insolvency.”
And later on . . ..
“As early as 2006, top advisers to Bush dismissed warnings from people inside and outside the White House that housing prices were inflated and that a foreclosure crisis was looming. And when the economy deteriorated, Bush and his team misdiagnosed the reasons and scope of the downturn. As recently as February, for example, Bush was still calling it a “rough patch.”
“The result was a series of piecemeal policy prescriptions that lagged behind the escalating crisis.”
It appears Bush was concerned enough to want to reform Fanny & Freddie, but was simply unable to accomplish it even with a majority in Congress and the Senate – and then totally misread the severity of the looming crisis.
Posted by: danita | July 23, 2009, 2:12 am 2:12 am
Danita, it takes 60 votes to override a filibuster. And the fact is that during Bush’s two terms the most the Republicans had in the Senate was 55.
Posted by: James Danley | July 23, 2009, 2:24 am 2:24 am
“The House bill, the 2005 Federal Housing Finance Reform Act, would have created a stronger regulator with new powers to increase capital at Fannie and Freddie, to limit their portfolios and to deal with the possibility of receivership.
“Mr Oxley reached out to Barney Frank, then the ranking Democrat on the committee and now its chairman, to secure support on the other side of the aisle. But after winning bipartisan support in the House, where the bill passed by 331 to 90 votes, the legislation lacked a champion in the Senate and faced hostility from the Bush administration.
“Adamant that the only solution to the problems posed by Fannie and Freddie was their privatisation, the White House attacked the bill.
“Mr Greenspan also weighed in, saying that the House legislation was worse than no bill at all.”
________________________________
Again, more a political failure in the Bush and Republican administration than ‘the Democrats’ fault’.
Posted by: danita | July 23, 2009, 2:33 am 2:33 am
“The Federal Housing Enterprise Regulatory Reform Act of 2005, S.190 was
introduced by Chuck Hagel with John McCain, Elizabeth Dole (R-NC) and
John Sununu (R-NH) signing on as co-sponsors.
“The bill was referred to the Senate Committee on Banking, Housing, and
Urban Affairs, controlled at that time by the Republicans under the
leadership of Richard Shelby (R-AL).
“Why were the Republicans, in majority and under the control of Republican leadership unable to move this bill out of committee?
“There was an amendment proposed to dedicate 5% of the Fannie Mae and Freddie Mac profits to a fund for affordable housing (see HR.1461 for language).
“Shelby opposed that and the bill died at the end of the 109th Congress.”
Posted by: danita | July 23, 2009, 3:16 am 3:16 am
Danita, so based on your logic–that in spite of the Republicans holding only a 51-50 voting majority for 4 months in the Senate; followed by a Democratic 51-49 voting majority for 20 months in the Senate; followed by the Republicans holding only a 51-49 voting majority for 2 years in the Senate; then having a 55-45 voting majority for two years in the Senate; that the Republican’s should have been able to pass any legislation that they wanted during the first 6 years of Bush’s 2 terms in office–why in the world are you so worried–or even care–about anything that we Conservatives think, say or do at this moment in time? The Democrats have a 78-seat majority in the House and a 60-40 voting majority in the Senate. Clearly the Democrats have the votes to do anything they want (except passing a Constitutional amendment). Why are the Democrats worried–or even care–about what the Republicans think, say or do?
Posted by: James Danley | July 23, 2009, 8:21 am 8:21 am
“So let me be clear: This isn’t about me. I have great health insurance, and so does every Member of Congress…”
And, we ain’t giving it up for the crapola public plan we are trying to force on you guys…
Posted by: WhereWasThePress? | July 23, 2009, 8:57 am 8:57 am
danita,
Just so you DO finally get it straight – Did you hear Obama say yet once again – The great “Stimulator” is a TWO (2) year program!
on all that talking points rhetoric about how Bush & the Republicans had control of Congress. I hope at some point you stop blogging long enough to at least use wikipedia to get some tiny grasp of HOW this country’s government works.
By the way, ALL the methods available to the Dems to get in the way of the bush Adiminstration… Those ARE NOT IN PLAY for Obama right now.
So get this through your head – If he fails to get what he wants, its his fault for not keeping his “troops” in line.
He can get anything his little heart desires without a single Republican vote in EITHER the House or the Senate!
All the danitas, Ryans, jhws..etc out here sprewing talikng points does NOT change that fact!
Ask yourself WHY…WHY would any Democrat not just fall in line with Obama’s “vision” of the future. It has absolutely nothing to do with what the Republican’s did or did not do during Bush’s time, OR anything they want or dont want to do today!
This is like a person playing handball by themselves and then blaming the guy outside the glass when he whiffs!
Posted by: Mike_C | July 23, 2009, 10:00 am 10:00 am
but nobody else can be blamed for them not seeing it coming, or doing anything to prevent it.
Posted by: danita | Jul 22, 2009 9:33:32 PM
_____________________________________
Danita, you missed the point yet again in response to your absurd statement that “nobody else can be blamed”. It’s completely documented that the Dems were partly to blame, including Dodd, Frank, Waters, and the tools at Fannie/Freddie. It is even captured on video. At least I admit that the GOP and President Bush failed.
“but Barney Frank continued to declare them ‘financially sound’ despite clear signs of meltdown”
“The legislation, which never became law”
“but the Dems denied there was any problem”
Posted by: Traffic Cop Timmy | July 23, 2009, 10:12 am 10:12 am
danita,
For your consumption….
“Of more concern to the Obama administration, perhaps, is the finding that clear majorities of 66% and 60% of independents, respectively, say Obama’s proposals involve too much spending and too much government expansion.”
Posted by: Mike_C | July 23, 2009, 10:18 am 10:18 am
Posted by: Mike_C | Jul 23, 2009 10:00:01 AM
And with the exception of just three Republicans — Collins, Snowe and the since converted Specter — every republican in the House and Senate voted against the Stimulus Bill. The Dems in the House and Senate own it and Obama signed it.
After its epic fail, the libs will no doubt try to drag the GOP down with it as I’m sure the will refer to it as the bill passed by “Congress.”
BTW: No stimulus love for Continental Airlines:
“Continental warns pilots about looming layoffs | July 22, 2009
“Continental Airlines has sent notices to 308 pilots telling them they may be laid off as part of a plan announced Tuesday to trim the carrier’s overall workforce by 1,700 this year, the pilots union said.
“Airlines employed 6.8 percent fewer workers in May than they did in May 2008.”
Where are the jobs Obama promised that would immediately jump start the economy?
Posted by: Traffic Cop Timmy | July 23, 2009, 10:23 am 10:23 am
but nobody else can be blamed for them not seeing it coming, or doing anything to prevent it.
Posted by: danita | Jul 22, 2009 9:33:32 PM
___________________________________
From the same article you are quoting (my caps for emphasis):
“THERE ARE PLENTY OF CULPRITS, like lenders who peddled easy credit, consumers who took on mortgages they could not afford and Wall Street chieftains who loaded up on mortgage-backed securities without regard to the risk.
“But the story of HOW WE GOT HERE IS PARTLY one of Mr. Bush’s own making, according to a review of his tenure that included interviews with dozens of current and former administration officials.”
Posted by: Traffic Cop Timmy | July 23, 2009, 10:30 am 10:30 am
Where are the jobs Obama promised that would immediately jump start the economy?
——————————-
Traffic Cop Timmy,
The great majority of them are now going to fall into the PHANTOM ZONE!
Thats where all those undefinable, uncountable “saved” jobs are!
Posted by: Mike_C | July 23, 2009, 10:58 am 10:58 am
And to put a nail in the coffin of one of the few remaining doofus supporting the national nightmare, B. Hussein Obama. Here is how the great uniter, “messiah” voted in obstructing Healthcare proposals during the brief time he spent in the Senate before quitting…
NO on Allowing Americans to Deduct Their Health Care Costs. S. Con. Res. 70 (110th Congress, 2nd Session, Roll Call 82). The Senate rejected an effort to allow for an above-the-line federal income tax deduction for individuals who do not receive health insurance through their employers.
NO on Allowing Americans the Freedom to Purchase Health Insurance Across State Lines. H.R. 976 (110th Congress, 1st Session, Roll Call 305). The Senate rejected an effort to allow Americans to purchase individual health insurance across state lines.
NO on Allowing Americans to Use Their OWN HSA Funds to Cover Health Insurance Premiums. H.R. 2 (110th Congress, 1st Session, Roll Call 26). The Senate rejected an effort to allow Americans to use their tax-free Health Savings Account funds to purchase health insurance.
NO on Preventing the Erosion of Private Health Coverage. S.Amdt. 2537 to S.Amdt. 2530 to H.R. 976 (110th Congress, Session 1, Roll Call 299)The Senate rejected an effort to minimize the erosion of private health coverage.
NO on Expanding Access to Small Business Health Plans. On Motion to Invoke Cloture on the Committee Amendment (110th Congress, Session 2, Roll Call 119). The Senate rejected an effort to allow for the expansion of health care access and reduced costs through the creation of small business health plans and through modernization of the health insurance marketplace on May 11, 2006 by a vote of 55-32.
NO on Preserving Employer-Sponsored Coverage. S.Amdt. 2596 to S.Amdt. 2530 to H.R. 976 (110th Congress, Session 1, Roll Call 301)The Senate rejected an effort that would require individuals who are eligible for SCHIP and employer-sponsored coverage to use the employer-sponsored coverage instead of SCHIP.
NO on Requiring Health Insurance for Illegal Immigrants. S. 1348 (110th Congress, 1st Session, Roll Call 188). The Senate rejected an effort to require illegal immigrants seeking “Z Visas” to maintain a minimum level of health coverage.
All of these were laws proposed after 2006 when the Democrats took over control of Congress. Obama repeatedly voted NO on every healthcare reform issue sent before him.
Obama is a Liar and a Hypocrite. The national nightmare.
Posted by: LogicalSC | July 23, 2009, 11:42 am 11:42 am
James Danley . . ..
Regarding the Republican majorities in the Congress and Senate. Politics is the art of the possible – you get things accomplished through negotiation accommodation and finesse. That Bush and the Republicans were not able to get financial reform accomplished speaks in part to their shortcomings along those lines.
Make no mistake, there seems to be enough blame to touch many parties in the economic crisis – but Bush and the Republicans failed to negotiate a bill through the Senate and they failed to back a similar bill that came out of the House.
Regarding the Senate bill – and the failure to compromise in order to get their legislation through . ..
“BOTH REPUBLICAN AND DEMOCRATIC members of the Senate Banking, Housing and Urban Affairs Committee agreed about the need for a stronger, more powerful regulator for the government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac.
“Throughout the bill’s mark-up in committee, members from both parties repeatedly expressed how “close” each side was in its desire to move the bill.”
However, the Republican led committee was not able to facilitate bipartisan agreement on 2 issues – caps on non-mortgage portfolios (Repubs) and establishment of an affordable housing trust fund (Dems).
Rather than reach some level of bipartisan agreement (such as the accommodation of Republican amendments in the Recovery and Reinvestment act), the Republican-led committee let the act die in committee.
A failure of politics on what turned out to be an important issue.
Posted by: danita | July 23, 2009, 1:41 pm 1:41 pm
Danita, if the Democrats had heeded the warnings and had recognized the problem, instead of denying that a problem existed, the Republicans could have easily forged a bi-partisan agreement. But instead the Democrats threatened to filibuster any reform legislation that would have come to the floor. Incidentally, the Republicans did actually vote the reform bill out of committee but chose to leave it in committee since the Democrats were going to filibuster it. By doing that, had the Republicans remained in power they could have brought the bill back without starting from scratch. But when the Democrats took control of the Senate it then died in committee as the Democrats refused to recognize that a serious problem existed.
Posted by: James Danley | July 23, 2009, 2:49 pm 2:49 pm
“It’s not about me.” Pulleeezzee! Of course, it is; and Obama let us know; unequivically, just a day earlier when he decried and warned, the ‘blue dog Dems. . .’your going to destroy my Presidency!’
Another truth; it is not about your health CARE. . .it IS about your LIFE however; and your giving it away to your Government.
For sure this President, wears ‘flame retardent’ pants. If he did not; then for sure; whenEVER he speaks; they would be on fire.
Posted by: Catherine T. | July 23, 2009, 2:55 pm 2:55 pm
James Danley . ..
No, the Republican majority in the committee, were unwilling to make the bi-partisan compromises (see below) needed to bring the Democrats on board.
BOTH REPUBLICAN AND DEMOCRATIC members of the Senate Banking, Housing and Urban Affairs Committee agreed about the need for a stronger, more powerful regulator for the government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac.
Again, it was a political failure on the part of the Republicans.
And let’s not forget that a similar bill won bi-partisan support and passed in the House – but was attacked by both Bush and Greenspan. Again, stubbornness and unwillingness to compromise ruled the day.
Lot’s of blame to go around.
Posted by: danita | July 23, 2009, 4:13 pm 4:13 pm
Where are the jobs Obama promised that would immediately jump start the economy?
——————————-
Traffic Cop Timmy,
The great majority of them are now going to fall into the PHANTOM ZONE!
Thats where all those undefinable, uncountable “saved” jobs are!
Posted by: Mike_C
The Jobs are in the states, 51 thru 57
The State of Refutation
The State of Denunciation
The State of Repudiation
The State of Contradiction
The State of Paradox
The State of Absurdity
The State of Denial
Posted by: Dschoen | July 23, 2009, 4:39 pm 4:39 pm
The Washington Post’s article dated Sept 12, 2008 entitled “Where Was Sen. Dodd? Playing the Blame Game on Fannie and Freddie,” by Al Hubbard and Noam Neusner, is an excellent piece. Here are just a few excerpts:
“And Sen. Christopher Dodd, the Democratic chairman of the Senate Banking Committee, has the gall to ask in a Bloomberg Television interview: ‘I have a lot of questions about where was the administration over the last eight years.’
“We will save the senator some trouble. Here is what we saw firsthand at the White House from late 2002 through 2007: Starting in 2002, White House and Treasury Department economic policy staffers, with support from then-Chief of Staff Andy Card, began to press for meaningful reforms of Fannie, Freddie and other government-sponsored enterprises (GSEs).”
“The administration did not accept half-measures. In 2005, Republican Mike Oxley, then chairman of the House Financial Services Committee, brought up a reform bill (H.R. 1461), and Fannie and Freddie’s lobbyists set out to weaken it. The bill was rendered so toothless that Card called Oxley the night before markup and promised to oppose it. Oxley pulled the bill instead.”
“As recently as last summer, when housing prices had clearly peaked and the mortgage market had started to seize up, Dodd called on Bush to “immediately reconsider his ill-advised” reform proposals. Frank, now chairman of the House Financial Services Committee, said that the president’s suggestion for a strong, independent regulator of Fannie and Freddie was ‘inane.’”
Please read the entire article.
Posted by: James Danley | July 23, 2009, 5:35 pm 5:35 pm
“In June General Electric said that it would create 400 jobs at a plant in Louisville, Kentucky, making a low-energy water heater that is now made in China and that it would hire 1,100 people to staff a software research centre on the site of an auto plant in Van Buren, Michigan. Both investments were helped along by government incentives.”
Posted by: danita | July 23, 2009, 5:36 pm 5:36 pm
Regarding last post (see below). Much more to come.
Posted by: danita | July 23, 2009, 5:36 pm 5:36 pm
“In June General Electric said that it would create 400 jobs at a plant in Louisville, Kentucky, making a low-energy water heater that is now made in China and that it would hire 1,100 people to staff a software research centre on the site of an auto plant in Van Buren, Michigan. Both investments were helped along by government incentives.”
Danita
Electric water heaters are not a good idea for saving energy. They are much less efficient that gas heaters and that won’t change with this “new” low-energy water heater.
Also the “Hybrid Electric heat Pump Water Heater” won’t be moved from China to Louisville, KY in 2011, 3 years from now.
Not exactly gonna help today or tomorrow or next year or the year after that.
Posted by: Dschoen | July 23, 2009, 6:29 pm 6:29 pm
“Any changes they wanted to make in financial regulations were available to them from 2002 through 2006.
That they failed to do so is there own problem.”
Danita
Danita, you can have your own opinion but ya can’t have your own fact.
“Republicans had control of Congress basically”
Control in the sense of do whatever you want requires a “SUPPER majority” in the Senate and a strong 51% plus in the House.
Bush NEVER had a supper majority in the Senate, 4 out of 8 years the Senate majority was Dem. INCLUDING 2002!
Danita, this is a fact there is NO WAY around it.
In the 4 years Repubs had the majority in the Senate it was a marginal plurality only a couple of points.
As to the topic of today, Health care.
Obama HAS a supper majority in the Senate 60 votes plus 2 independents that vote with the Dems.
The Repubs can stop ANYTHING the Dems want to ram through, NOTHING, Nada, Zippo.
In the House Dems have 257 (53.04%) to the Repubs 178 (44.16%)
Danita 240 is a STRONG plurality in the House, the dems have 17 more votes than that. The Repubs can’t stop anything.
Get a clue Danita, learn some basic math, learn some basic government functions like who does what.
Posted by: Dschoen | July 23, 2009, 6:33 pm 6:33 pm
Dschoen . . .
“Any changes they wanted to make in financial regulations were available to them from 2002 through 2006.
That they failed to do so is there own problem.”
I stick with this assessment. No they couldn’t ‘ram through’ whatever they wanted however . . .
Part of politics is . . . politics. The Republicans had a majority in the House and the Senate. And yes, they needed to bring Democrats onside, or a least work with them enough to avoid a filibuster.
If you read the history of the bill prepared in Senate committee you will find that in 2005, BOTH REPUBLICAN AND DEMOCRATIC members of the Senate Banking, Housing and Urban Affairs Committee agreed about the need for a stronger, more powerful regulator for the government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac.
However, the majority Republicans couldn’t get bi-partisan support because they refused to compromise on the Democrats desires to have a ‘housing fund’ as part of the deal and the Republicans desire to cap non-mortgage files.
Having failed at this, the Republicans let the bill die.
Posted by: danita | July 23, 2009, 6:52 pm 6:52 pm
“Electric water heaters are not a good idea for saving energy. They are much less efficient that gas heaters and that won’t change with this “new” low-energy water heater.”
____________________________________
Low energy electric water heaters save energy compared to the old electric standard.
“The new GE Hybrid Electric Heat Pump Water Heater is designed to use about 2300 kWh per year, which is less than half of the energy of a 50-gallon tank water heater that uses approximately 4800 kWh per year.
“There are about 60 Million U.S. homes with electric tank hot water heaters, if 10 percent installed a GE Hybrid Heat Pump Water Heater, this would save 15 Billion kWh annually of energy.”
Are you really suggesting the Obama administration outlaw electric water heaters?
Regarding . .. the jobs moving “in 2011, 3 years from now”. First of all 2011 is 2 years from now, not 3 as you stated.
Second of all, you cannot expect these changes to take place at the snap of your fingers.
That jobs are moving BACK to the USA from China – is MAJOR. Have you not noticed what’s been happening throughout the past 8 years?
It’s exactly what the President said his plan was meant to do . .. and its happening . . .
More to come!
Posted by: danita | July 23, 2009, 7:05 pm 7:05 pm
It’s also worth noting that “GE announced (July 2009) that by 2015 it is developing a turn-key product portfolio that will empower consumers to build – both new home builders and existing homeowners – to efficiently consume, manage and generate electricity to enable an overall net zero annual energy cost.
“In addition to GE’s current portfolio of energy-efficient lighting and appliances products and demand response technology that GE is currently developing, GE plans to develop residential power generation products like solar PV and residential wind products, well positioning GE to make the net zero energy home a reality.”
These are exactly the types of changes President Obama said his policies would encourage – and now they are happening.
This is the direction of the future. President Obama has been absolutely correct in his steering of the course.
Posted by: danita | July 23, 2009, 7:12 pm 7:12 pm
It’s also worth noting that “GE announced (July 2009) that by 2015 it is developing a turn-key product portfolio that will empower consumers to build – both new home builders and existing homeowners – to efficiently consume, manage and generate electricity to enable an overall net zero annual energy cost.
“In addition to GE’s current portfolio of energy-efficient lighting and appliances products and demand response technology that GE is currently developing, GE plans to develop residential power generation products like solar PV and residential wind products, well positioning GE to make the net zero energy home a reality.”
These are exactly the types of changes President Obama said his policies would encourage – and now they are happening.
This is the direction of the future. President Obama has been absolutely correct in his steering of the course.
Posted by: danita | July 23, 2009, 10:50 pm 10:50 pm
Danita, two questions: How much will the cost be to upgrade existing homes? And will each homeowner be stuck with the expense OR is President Obama going to make only those with incomes of at least $1 million pay for their own AND pay for those whose incomes are less that $250,000???
Yep! Absolutely correct in his steering of the course!!! NOT
Posted by: James Danley | July 23, 2009, 11:43 pm 11:43 pm