Here’s the news from the capital…
Oct. 7 (Bloomberg) — President Barack Obama won’t sign legislation that critics said would have eased the way for banks to process home foreclosures, his spokesman said.
The bill would have required courts to recognize notarizations across state lines, including electronic signatures. White House press secretary Robert Gibbs said the administration was concerned about the potential impact on home foreclosure proceedings.
Obama’s “pocket veto” puts to an end, for now, a five- year effort by some of the nation’s 4.8 million notaries to streamline court proceedings involving notarized documents. The Interstate Recognition of Notarizations Act for years had won approval from Democrats and Republicans in Congress as a piece of mundane, good-government legislation.
The measure was approved by the House without fanfare in 2006 and 2007 only to languish in the Senate. The bill from Representative Robert Aderholt, an Alabama Republican, passed the Senate Sept. 27 by unanimous consent and drew attention this week when Ohio Secretary of State Jennifer Brunner sent out a campaign fund-raising e-mail calling the bill “dangerous” and urging Obama not to sign it.
And the news from across the country the next day…
CHARLOTTE, North Carolina | Fri Oct 8, 2010 11:55am EDT
(Reuters) – Bank of America Corp is halting foreclosures and sales of foreclosed properties in all 50 states pending a review of its internal processes, the bank said on Friday.
BofA, the largest U.S. mortgage servicer, is the first U.S. bank to suspend foreclosures in all 50 states. The step comes amid a growing furor over how the largest U.S. mortgage lenders are repossessing the homes of delinquent borrowers.
Critics contend the banks’ use of “robo-signers” and other automated processes is unfairly pushing residents out of their homes.
A number of states (including my own) have been wrangling with the Big Banks after it became apparent that the due dilligence needed to foreclose was cutting into now restored profits.
Posted on October 6th, 2010 8:26am
The Texas Association of Realtors is alerting us that The Texas Attorney General’s office has halted all foreclosures, all sales of properties previously foreclosed upon, and all evictions of persons residing in previously foreclosed upon properties, until mortgage companies can get their acts together in the state of Texas and prove they were filed correctly.
So we had a business practice that was already causing issues, has been papered over my the most unpopular Congress ever, and then got pocket-vetoed by an embattled President. Glad we got that guy at the helm. Which lets me segue into another article I wanted to share, along that same theme.
This one is entitled, “Obama’s Critics Are Dead Wrong”
Here’s the two main parts of it…(and I enjoyed it, if it was a bit bombastic).
Here is what Obama faced when he took office — none of which was his fault:
The worst economic crisis since the depression
America ‘s standing in the world at the lowest point in history
A country that had been misled into accepting the use of torture of prisoners of war
A health care system in free fall
An educational system in free fall
A global environmental crisis of history-altering proportions (about which the Bush administration and the Republicans had done nothing)
An impasse between culture warriors from the right and left
A huge financial deficit inherited from the terminally irresponsible Bush administration.
And those were only some of the problems sitting on the President’s desk…
Which was pretty epic, and was a good reason why we were lucky to avoid the Quitter (and the Todd). So what’s happened since then?
Meanwhile back in the reality-based community — in just 20 short months — President Obama:
Restored America ‘s image around the globe (But that wasn’t good enough for his critics)
Banned torture of American prisoners (But that wasn’t good enough for his critics)
Stopped the free fall of the American economy (But that wasn’t good enough for his critics)
Put the USA squarely back in the bilateral international community (But that wasn’t good enough for his critics)
Put the USA squarely into the middle of the international effort to halt global warming (But that wasn’t good enough for his critics)
Stood up for educational reform (But that wasn’t good enough for his critics)
Did what had to be done to start the slow, torturous and almost impossible process of health care reform that seven presidents had failed to even begin — and then got the legislation passed (But that wasn’t good enough for his critics)Responded to hatred from the right and left with measured good humor and patience (But that wasn’t good enough for his critics)
Stopped the free fall of job losses (But that wasn’t good enough for his critics)
Showed immense personal courage in the face of an armed and dangerous far right opposition that included the sort of disgusting people that show up at public meetings carrying loaded weapons and carrying Timothy McVeigh-inspired signs about the “blood of tyrants” watering the “tree of Liberty.” (But that wasn’t good enough for his critics)
Showed that he could not only make the tough military choices but explain and defend them brilliantly (But that wasn’t good enough for his critics)
Other than those “disappointing” accomplishments — IN BARELY TWO YEARS — President Obama “failed”! Other than that he didn’t “live up to expectations”!
And the article points out exactly who it was that has actually “failed” after The Change.
Who actually has failed…
…are the Americans that can’t see the beginning of a miracle of national rebirth right under their jaded noses. Who failed are the smart ass ideologues of the left and right who began rooting for this president to fail so that they could be proven right in their dire and morbid predictions. Who failed are the movers and shakers behind our obscenely dumb news cycles that have turned “news” into just more stupid entertainment for an entertainment-besotted infantile country.
When Obama has served two full terms, (and he will), after his wisdom in moving deliberately and cautiously with great subtlety on all fronts — with a canny and calculating eye to the possible — succeeds, (it will), after the economy is booming and new industries are burgeoning, (they will be), after the doomsayers are all proved not just wrong but silly: let the record show that not all Americans were panicked into thinking the sky was falling.
Good stuff, all around. Now if we can just get some sanity back to the white folks (which I think the Tea Party is doing with their lafftastic candidates) then perhaps we can actually pull out of this thing.
After all, we did hire the right man for the big job. And given his track record on just working hard to get stuff done, I’m thinking we’ll be seeing quite a few more “little guy” jobs popping up before 2012 rolls around.