Streams

Tom Perriello on Progress and Action

Monday, January 23, 2012

Tom Perriello, former Congressman, discusses his new role as president and CEO of the Center for American Progress Action Fund, the role of progressives in the 2012 elections and what he wants to hear from tomorrow's State of the Union address. 

Guests:

Tom Perriello

Comments [8]

SAY NO to Wall Street Immunity. from Support Rep. Baldwin's resolution to prevent Bank Immunity

Rep. Tammy Baldwin (D-Wisconsin) has a bold resolution opposing
the proposed deal to give Wall Street banks criminal and civil immunity
for their wrongdoing. Dozens of her colleagues have already signed on.

Keep up the momentum by being a citizen co-signer of
Rep. Baldwin's resolution, and urging your representative to be a co-sponsor too.

http://act.boldprogressives.org/sign/Baldwin_signon/

Please PASS IT ON! If you know of a suitable forum,
please REPOST or Forward this. Thank you!

(Brian, please bring Rep Baldwin on to your show
as a guest).

Jan. 23 2012 09:41 PM

I think that this loser politician is trying to plagiarize the meta-message that President Obama has been selling and seems to be doubling down on -
"We will turn manure into power and you'll learn to like it."

Jan. 23 2012 11:33 AM
Jack Jackson from Central New Jersey

Can't trust Christie on this one! The Simpson-Bowles Committee itself couldn't vote to back its own recommendations thus one report from the committee heads and one report from each of the 'factions'. Which one precisely does Christie think the President should follow? The obstructionists in the Congress on the debt reduction issue are not the Democrats. It's the Tax Increase refuseniks.

And while I'm here...Mr. Christie recently suggested a ten percent across the board tax decrease for NJ taxpayers. This is just a back door attempt to flatten rates and starve the government of revenue. We may as well call it Bush Cuts II.

Jan. 23 2012 11:03 AM
jawbone

http://www.nakedcapitalism.com/2012/01/obama-to-give-banks-mortgage-get-out-of-jail-almost-free-card-pressures-state-attorneys-generals-to-capitulate.html

From Yves Smith's discussion of the badly constructed, WH managed mortgage "settlement":

"...previous leaks have indicated that the bulk of the supposed settlement would come not in actual monies paid by the banks (the cash portion has been rumored at under $5 billion) but in credits given for mortgage modifications for principal modifications. There are numerous reasons why that stinks. The biggest is that servicers will be able to count modifying first mortgages that were securitized toward the total. Since one of the cardinal rules of finance is to use other people’s money rather than your own, this provision virtually guarantees that investor-owned mortgages will be the ones to be restructured. Why is this a bad idea? <b>The banks are NOT required to write down the second mortgages that they have on their books. This reverses the contractual hierarchy that junior lienholders take losses before senior lenders. So this deal amounts to a transfer from pension funds and other fixed income investors to the banks, at the Administration’s instigation.</b>

Another reason the modification provision is poorly structured is that the banks are given a dollar target to hit. That means they will focus on modifying the biggest mortgages. So help will go to a comparatively small number of grossly overhoused borrowers, no doubt reinforcing the “profligate borrower” meme."

Still, after all he's done for them, Obama and his crew want to take care of the Big Banksters over the needs and rights of we in the 99%. Thank goodness for AG Schneiderman and the other states' AGs who believe in the rule of law, the need for actual and thorough investigation into what the financial sector did, and who also believe in the principles of the Democratic Wing of the Democratic Party.

Jan. 23 2012 10:58 AM
Martin Chuzzlewit from Manhattan

Baloney....and mis-informed.....Palestinians are kept as "refugees" in Lebanon, Jordan and Egypt because the Arab countries have used them as a political football for the past 60 years.

Mr. Shakir and Mr. Obama......two peas in a pod.

Jan. 23 2012 10:56 AM
tom from Long island city

The Palestinian people are suffering right now in cider-block housing as refugees in their own land. Sticking up for them to some small degree is not anti-semitism.

Jan. 23 2012 10:50 AM
tom from astoria

Hello! President Obama has been trying out his ideas for the State of the Union in speeches around the country --. I just heard it at the Apollo the other night: Referring to the Republican vision of America THAT"S NOT WHO WE ARE" (favoring the privileged few over the many). Obama also went through Republican presidents from Lincoln to Eisenhower and pointed out how they invested in AMerica in good times and bad. REBUILD AMERICA, "we did it for GM" we did it by helping Americans with health care...etc

Jan. 23 2012 10:34 AM
Score: 0/0

Jan. 23 2012 10:41 AM
Martin Chuzzlewit from Manhattan

Please ask Mr. Perriello if he has any comments about the growing awareness of anti-semitism at the Center for American Progress.....does it bother him to be affiliated?

New York Post January 18, 2012-

"In December, a top anti-Semitism watchdog group accused the Center for American Progress, a prominent Washington think tank, of peddling anti-Israel and borderline anti-Semitic material on its Web site and Twitter feeds. Six days later, President Obama met for coffee with the man who oversaw the offending content — Faiz Shakir, the site’s editor-in-chief.

That the president met with Shakir amid the ballooning scandal illustrates just how close the administration is with CAP. Now that association may come back to haunt the White House, as three leading Jewish groups — the Anti-Defamation League, the American Jewish Committee and the Simon Wiesenthal Center — have accused CAP and its staff of publishing “anti-Israel,” “hateful” and “toxic anti-Jewish” material."

Jan. 23 2012 09:43 AM

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