Posts Tagged ‘Obama’

Based on Virginia, who’s more out of touch, Obama or McCain?

Obama is visiting Lebanon, Virginia today.

Many in economically distressed rural southwest Virginia earn a living mining coal or farming. But Lebanon’s success at attracting high-tech industry has landed it in the Democrats’ campaign spotlight.

Warner, who is running for Senate, carried the rural area for the Democrats when he ran for governor in 2001. And Warner persuaded CGI and Northrop Grumman Inc. in 2005 to locate in the coal-mining region.

The two companies moved to the region as a less expensive way to do business without sending jobs overseas. Amid the rolling farmland, Northrop Grumman operates a call center and backup data center for Virginia’s state government across from Canada’s CGI Group center, which employs software developers, analysts and consultants.

Former state Attorney General Jerry Kilgore, co-chairman of Republican John McCain’s campaign in Virginia, said Obama is “out of touch” with the region. McCain is more committed to having coal as part of the nation’s energy future than Obama, he said.

http://news.yahoo.com/s/ap/20080909/ap_on_el_pr/obama_rural_virginia;_ylt=AsQ6UKNo5ybAc7s6TQ9C91hh24cA

Obama is focusing on the attraction of high-tech industry to the region.

The McCain campaign’s co-chairman claims Obama is out of touch with Virginia because McCain wants to use more coal power plants in the future.

Who do you think is more out of touch, and why?

Obama urges Americans to unite in tragedy’s wake

Obama urges Americans to unite in tragedy’s wake
At a memorial in Tucson, the president pays tribute to the victims and heroes of the weekend shooting spree. He also reports that Rep. Giffords, whom he visited earlier, opened her eyes for the first time since she was shot. With a plea to the nation to overcome its divisions, President Obama paid tribute to the victims and heroes of the weekend shooting spree in Arizona and sounded a call for …

Read more on Los Angeles Times

First Lady Michelle Obama, Second Lady Jill Biden, Former First Lady Laura Bush, Mary J. Blige, Jerry Brown, Justice …

First Lady Michelle Obama, Second Lady Jill Biden, Former First Lady Laura Bush, Mary J. Blige, Jerry Brown, Justice …
LOS ANGELES , Oct. 26 /PRNewswire/ — More than 85 world opinion leaders and approximately 14,000 women from all walks of life will be gathering today at the sold-out Women’s Conference 2010 Main Event. Hosted by California First Lady Maria Shriver and Governor Arnold Schwarzenegger , the nation’s premier forum for women was held again this year at the Long Beach Convention Center from Sunday …

Read more on PR Newswire via Yahoo! Finance

Loan Modification Help Center ? President Obama Continues to Pass Legislation

The Wall Street Journal reported in July, 2009 that President Obama is now expanding the plan to help the number of borrowers who can refinance their homes.  The administration said that borrowers with mortgages worth up to 125 percent of their home’s value will now be eligible to refinance under its program, up from a 105 percent limit.

According to the new plan, borrowers must be current on their mortgages and have loans owned or backed by government controlled mortgage companies Fannie Mae or Freddie Mac.  One of the challenges with the government plan is that it does not help those who are in severe circumstances, either behind on payments or facing foreclosure.  The plan does expand the opportunities for those not facing foreclosure to get help, but if you are in the midst of a foreclosure proceeding or if you just received a foreclosure notice, you need some other form of assistance.

The government is hoping that by raising the percentage, many more Americans will be assisted in getting the help they need to stay in their homes.  Recent statistics state that almost 30 percent of American homeowners with mortgages owe more than their homes are worth (according to Economy.com).  The government’s initial plan seems to have fallen short of expectations as only 20,000 people were able to participate in the program, well short of the 4 million it was projected to help.  In fact, as late as April the government was denying there was any need to expand the program.

Interest rates have actually been rising of late, making things even more difficult for Americans.  Rates on 30 year fixed rate loans currently average 5.49 percent, up from a recent low of 4.84 percent in April.  Government agents hope that this plan will also lower the overall risk for Fannie Mae and Freddie Mac by allowing more people to stick with their mortgages and not default.

Loan modification attorneys are still working tirelessly, throughout California, to help people renegotiate the terms of their loans and get a better mortgage payment.  While the government is having a hard time with their refinancing program, California loan modification attorneys are spending morning, noon and night keeping people in their homes through California loan modifications.

A loan modification renegotiates the terms of your home loan, helping you get lower payments that you can actually pay.  Rather than see your home go through foreclosure and having to move, you can enjoy a new level of financial freedom as well as a renewed outlook on life.  With the unemployment rate in America continuing to rise and the financial future in doubt for many Americans, now may be the time to take advantage of a loan modification.  A loan modification attorney can work with you to get the best deal possible, and make sure that your interests are focused upon.  Lender driven loan modifications focus on the lender’s needs, and even some government programs focus on the government’s bottom line.  A loan modification attorney can represent you and you alone.

Obama must walk fine line in Iraq speech

Obama must walk fine line in Iraq speech
By Caren Bohan

Read more on Reuters via Yahoo! Singapore News

Obama, Netanyahu to begin direct peace talks

Obama, Netanyahu to begin direct peace talks
WASHINGTON — President Barack Obama and Israeli Prime Minister Benjamin Netanyahu headed into a White House meeting Tuesday with the same goal: trying to move the Israelis and Palestinians to resume face-to-face peace talks.

Read more on The Conroe Courier

Obama To Announce $795 Million In Grants To Expand Internet Access

Obama To Announce $795 Million In Grants To Expand Internet Access
Obama To Announce $795 Million In Grants To Expand Internet Access

Read more on FOX Business