13 Ekim 2012 Cumartesi

CANADA'S ECONOMY OUTPACING THE US

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IMF says Canada will likely outperform this year, sees slower growth in 2011
Thu Jul 8, 9:57 AM
Joe Mcdonald, The Associated Press
Email StoryIM StoryPrintable View.By Joe Mcdonald, The Associated Press

BEIJING, China - Canada's economy is on track to grow more quickly this year than previously expected, putting it ahead of the United States and most other advanced economies, according to new estimates from International Monetary Fund.

The IMF said Thursday it's raising the 2010 growth forecast for Canada to 3.6 per cent from its previous estimate of 3.1 per cent, issued in April.

The IMF's July report also raised its U.S. growth estimate to 3.3 per cent, up from 3.1 per cent and its world estimate to 4.6 per cent from 4.2 per cent.

Asian countries with rapidly maturing economies will grow more quickly than the United States, Japan and European countries that have historically been more advanced.

China's growth for this year, for instance, is now projected at 10.5 per cent, up five percentage points, while the IMF expects India's economy will advance 9.4 per cent this year (up six percentage points from the April projection.)

Next year isn't looking so rosey for Canada, however.

The IMF has lowered its projection for 2011 growth by four percentage points to 2.8 per cent. Also notable was a reduction in the IMF's 2011 projection for China, which has been reduced by three percentage points from April's.

In contrast, the U.S. growth projection for next year was raised by three percentage points to 2.9 per cent, slightly ahead of Canada, while the world outlook for 2011 was raised by eight percentage points to 4.3 per cent.

The IMF, a Washington-based multnational organization affiliated with the United Nations and the World Bank, said Europe's debt crisis might stall the global rebound and governments need to shore up shaky public confidence.

Its quarterly World Economic Outlook warned that "risks have risen sharply" and Europe has to quickly resolve debt problems and restore confidence in its banks.

Europe's problems "could spill over to other regions and stall the global recovery," said Jose Vinals, director of the fund's monetary and capital markets department, at a news conference in Hong Kong.

"Further credible and decisive policy action is needed to resume progress on financial stability and keep the economic recovery on track," Vinals said.

Risks so far are limited to financial markets and activity in other fields stabilized at a high level in May, the IMF said. It said industrial output and trade grew by double digits and there was a modest but steady recovery in developed economies and strong growth in emerging nations.

"The numbers for economic activity have come in strong — in fact, stronger than we have forecast," said Olivier Blanchard, director of the IMF's research department.

The fund raised this year's U.S. growth forecast from 2.7 per cent to 3.3 per cent. The outlook for Germany and other European nations that use the euro common currency was unchanged at 1 per cent.

A global "double dip," or relapse into recession, is "very unlikely," Blanchard said.

Asian economies recovered strongly this year, driven by buoyant exports and stronger domestic demand, the IMF said.

The fund raised its 2010 growth forecast for Japan to 2.4 per cent from 1.9 per cent and for India to 9.4 per cent from 8.8 per cent. The estimate of the Asia region's growth rose to 7.5 per cent from seven per cent.

However, it warned that weakness in Europe "would affect Asia through both trade and financial channels."

Weak data from major economies in recent weeks have diminished confidence in a strong rebound from last year's recession.

The fund's forecast for 2011 growth was unchanged at 4.3 per cent, a decline from this year's rate.

In a move that might fuel concern the recovery is fading, the fund lowered its 2011 growth forecast for Japan from two per cent to 1.8 per cent and for Britain to 2.1 per centfrom 2.5 per cent.

In Europe, the IMF said governments must resolve uncertainty about banks' exposure to sovereign debt and other risks and make sure lenders have enough capital and markets have adequate liquidity.

It said many advanced economies urgently need to push ahead financial reforms including recapitalizing banks, restructuring and consolidating banking industries and overhauling regulation.

"In the absence of complete banking sector recapitalization and restructuring, the flow of credit to the economy will continue to be impaired," the IMF said.

BMO's 5 year 2.99% Mortgage Offering

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On first glance this looks like a great deal. 2.99% for a 5 year mortgage- the lowest 5 year rate ever.
However a closer analysis offers some of the points to be aware of.

Consider:

This is a two-week promo (at the moment) valid until JANUARY 25TH.

There are conditions to their offer. The main terms of BMO's special are as follows:

Maximum Amortization: 25 years
Rate Hold: Up to 90 days
Pre-Approvals: Allowed
Lump-sum Pre-payments: 10% maximum per year (1/2 of the 20% that BMO normally allows)
Optional Payment increase: 10% maximum per year (again, 1/2 of the 20% that BMO normally allows)
Term: Fully closed unless you sell the property, refinance (with BMO only), or early renew into another BMO mortgage.
BMO Mortgage Cash Account: Not available with the Low-Rate
BMO Skip-a-Payment: Not available with the Low-Rate
BMO ReadiLine: Not available with the Low-Rate
Other Details: Not applicable to non-owner occupied rental properties

Most importantly, the client is tied to BMO for the entire 5 year term of their mortgage, even if they want to break it and pay a penalty, they are forced to stay with BMO at whatever rate BMO offers. Client loses negotiating power.

This rate and mortgage is great if you plan to live in the house for many years and will not need to refinace during the term.

CAAMP'S VIEW ON TODAY's MORTGAGE ISSUES

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BASED ON OUR RESEARCH AND KNOWLEDGE OF THE SECTOR, WE SEE NO REASON TO TIGHTEN OR RESTRICT ACCESS TO RESIDENTIAL MORTGAGES AT THIS TIME1. CURRENT ENVIRONMENT Canada has a well-earned reputation for exercising economic prudence. As a result, we have managed to avoid a mortgage or housing market meltdown. Our banks are stable and our economy, while impacted by the general global economic slowdown, remains healthier than most. CAAMP’s extensive industry research indicates that the Canadian mortgage industry is healthy. We must continue to “stress test” our own financial sector to determine how it would withstand potential weakening of the economy. The more educated we are about the debt we incur (mortgages, credit cards, lines of credit), the better off we will be2. FEDERAL GOVERNMENT ACTIONS TAKEN The federal government responded promptly when it was determined changes were needed in the mortgage market. There have been three significant sets of changes in the past 36 months: - Amortization periods shortened to 30 years from 35 and 40 years - Minimum down payment increased to 5 per cent of purchase price. No 100% LTV mortgages - Homeowners refinancing their mortgage may borrow up to 85 per cent of the equity in their home; down from 90% and 95% - These changes have impacted the mortgage market; re-financings have decreased dramatically and mortgage credit growth has slowed Based on our extensive research and knowledge of the sector, we see no reason to further tighten or restrict access to mortgages at this time3. REASONS FOR CURRENT CONCERN1) Housing Market Prolonged low interest rates are making it more attractive to purchase a home Research shows that the vast majority of homeowners can accommodate rate increases (84 per cent surveyed in CAAMP’s fall 2011 research said they could handle a $200/month increase) CAAMP’s fall 2011 survey indicates mortgage borrowers are prudent, increasing their lump sum payments and paying down their mortgage faster than required Supply and demand drive housing prices – provinces and municipalities should be more aware of their land-use policies and how they impact housing supply2) Media Focus on Insurance Ceiling - Changes in Some Banks’ Lending Practices It is a fact that CMHC is approaching its $600 billion government-imposed limit on mortgage default insurance. Private insurers have a $300 billion limit. This has nothing to do with mortgage insurers being responsible for an increasing number of higher risk mortgages Lenders are buying portfolio insurance against defaults on low risk mortgages - cases where homeowners have more than 20 per cent equity in their homes. These are not high risk mortgages. CMHC is approaching its limit because the number of mortgage holders has grown, the population and housing units have increased and lenders have been insuring low risk mortgages, leveraging the government’s triple A credit rating for other bank business Residential mortgage credit in Canada continues to expand. During the past five years, outstanding residential mortgage credit has expanded by 53%, or an average rate of 8.9% per year. The growth rate is slowing The volume of outstanding residential mortgage credit passed the $1 trillion threshold in July 2010, and as of August 2011, it reached $1.079 trillion Increased homeownership results in an increase in mortgage default insurance However, mortgage defaults are rare. CMHC reported it paid out $454 million in the first nine months of 2011 which represents a 0.42 per cent default rate Overall mortgage arrears rates in Canada are declining and never approached the level of the early 1990s. The housing market in Canada is growing organically and safely There is no parallel in Canada to the subprime default problems that plagued the US market3. FURTHER RESTRICTIONS ON ACCESS TO MORTGAGESWho will be affected? Self-employed borrowers who represent a growing portion of our labour force (currently 2.67 million people, or 15% of employment in Canada) New Canadians who can afford a down payment but have yet to build credit and employment history First time homebuyers who want to enter the homeownership market and build equity These are not the people who fall in to a sub-prime loan category like we saw in the US; yet these changes will impact them The housing industry is an engine of growth in Canada. If we impede its growth, we will add to unemployment and depress the economy If fewer mortgage lenders are able to insure their loans simply because the insurance program has not kept pace with the growth in the mortgage market, then consumers will have less choice when it comes to negotiating a mortgage. Less choice, or less competition, will inevitably lead to higher borrowing costs for the Canadian consumer Likewise, if mortgage brokers are restricted in the mortgage products they can offer, consumer choice will be diminished and costs will increase This reduced access to capital will make it more difficult for people who can legitimately afford to buy a home4)What are the Risks of Further Restricting Access to Mortgages?CAAMP has one of the most comprehensive collections of research on the mortgage industry. It includes original data on borrowers and the characteristics of mortgage loans. This research has revealed repeatedly that borrowers and lenders in Canada have been prudent, and only a very small share of borrowers would have trouble affording future rises in mortgage rates.There are risks, but most are related to the broader economy through two channels:UnemploymentThe broader economic data suggests that the Canadian economy is slowing. If that results in job losses, the housing market would be negatively affected, and there would be impacts on mortgages held by people who lose jobs and then struggle to make payments.Declining Housing PricesHousing prices could decline in a weaker market. In a recession, there is the threat of a downward spiral: a weak economy harming the housing market which negatively affects the broader economy. We believe and trust that the federal government will act to mitigate such a negative scenario.These risks have nothing to do with mortgage products themselves.Risks to the Canadian mortgage market are dependent on the performance of the broader economy. In that light, the best means to control mortgage market risk is through strong economic management. In particular, care must be taken not to take any measures in the mortgage market that unnecessarily reduce housing activity that would be damaging to the economy.

VIEWS ON BANK of MONTREAL'S 5 YEAR RATE

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A good explainatory article by Robert McLister of Canadian Mortgage Trends explaining the pros and cons of Bank of Montreal's just announced 5 year 2.99% rate:BMO Cranks Up the Heat AgainBMO is dead-set on winning mind share among consumers.It's coming back to the market with two new deep-discount rate promos: A 5-year fixed at 2.99% (which starts Thursday, March 8, 2012) A 10-year fixed at 3.99% (which starts Sunday, March 11, 2012) Both of these specials are low-frills, meaning: A Lower Maximum Amortization: 25 years versus 30-40 years elsewhere Less Lump-sum Pre-payment Ability: 10% maximum per year (i.e., 1/2 of the 20% that BMO normally allows) A Smaller Payment Increase Option: Up to 10%, once per year (again, 1/2 of the 20% that BMO normally allows) A Locked Term: The Low-rate Mortgage is fully closed unless you sell the property, refinance (with BMO only), or early renew into another BMO mortgage. In other words, unless you sell, you're not leaving BMO for 5 years, like it or not. Both the 5-year and 10-year promos run for 3 weeks, until March 28, 2012.We've heard talk that TD and RBC will not match BMO's pricing on the 5-year term. We'll see. The last time BMO ran this special, its competitors quickly responded with 4-year rates of 2.99%. Despite the one less year, those competing offers came with all the normal bells and whistles.Unfortunately for competitors, a 2.99% five-year rate makes more headlines than a four-year promo at the same price, and BMO knows it. This deal has garnered almost a dozen major media stories already, and the press release only came out four hours ago.As for BMO's 10-year deal, it is 146 basis points below the nearest Big 6 bank competitors' advertised rates. It is BMO's lowest 10-year rate ever, and it matches ING's current 3.99% offer. (ING was the first bank in Canada to advertise 10-year rates below 4.00%.)With these rates, BMO is starting to make other big banks look increasingly silly. CIBC, National Bank, RBC, and TD are currently promoting 5-year "special offer" rates of 4.04%. That's 105 basis points above BMO (albeit with more flexibility). Those rates border on ridiculous, and they insult the intelligence of increasingly savvy consumers who know that well-qualified borrowers rarely pay anything close to those rates.Yes, we say that knowing that BMO's Low-rate mortgage is highly restrictive and not suitable for most.It is, however, suitable for some. The target market includes many: First-time buyers Rental property owners Owners of 2nd homes The customer should have no foreseeable need to break, increase or aggressively prepay his/her mortgage for five years.In posting more transparent rates than its peers, BMO is taking a page from brokers and smaller rivals. In doing so, it's building credibility with consumers at its competitors' expense.Frank Techar, BMO's Canadian banking head, tells Bloomberg: "The reaction to our January offer was fantastic." With a mortgage market that BMO CEO William Downe admits is "slowing," 2.99% is a big fat worm on a hook. It is bait that gets BMO's phones ringing.It also gives BMO's sales force a chance to upsell people into higher margin mortgages without all the restrictions of BMO's Low-rate product. (There's a lot of that going on, according to the BMO mortgage specialists we've talked to.)With this rate sale, BMO is certain to take flak for fuelling consumer borrowing at a time when high debt levels are worrying policymakers.To that end, Techar maintains that BMO is not fuelling the fire. He tells the Financial Post that these rates "are consistent with the debate around the need to reduce consumer debt levels."In an interview with Reuters, he said: "People are not going to stretch to get the largest mortgage they can with a 25-year amortization product. Because the monthly payments are higher, they...will go to a 30-year amortization product." (He's right.)Downe recently said this to analysts about BMO's Low-rate Mortgage:"We think that's a product that is good for Canadians; it's good for Canada; it's good for our customers, and we intend to continue to promote it in this environment.It's a product that we believe addresses all of the risks that are currently being debated, whether or not the consumer debt levels that are too high in Canada and a possible fallout from economic slowdown and rising interest rates. It helps our customers pay less interest. It mitigates their interest rate risk for five years. It helps them retire debt free by paying off their balance faster, and it works against market price appreciation. In fact, it helps with...house price appreciation, because the shorter amortization reduces the maximum purchase price people can afford."Being a 5-year fixed, this product does mitigate some risk. A 200 basis point rate increase by 2017 would only lift payments $133/month on the average Canadian mortgage of $151,000.As for rumours that policymakers are ticked off by BMO's pricing, the last time anyone looked, it's still a free market. BMO can price as it sees fit within regulations. As long as underwriting standards remain high, God bless it for bringing down rates industry-wide.Even if rates like 2.99% do spur more interest in mortgages, it doesn't mean lenders will approve high-risk borrowers. BMO's average loan-to-value (LTV) is just 60%. More notably, BMO's residential mortgage portfolio has a long-run loss rate of less than 2 basis points (i.e., exceptionally low).Barring a run-up in bond yields, we could now start seeing competitors (like mortgage brokers) respond with full-frills 5-year offers that are just a pittance above BMO's rate. Some might even match or beat it.We'd strongly encourage most folks to consider paying a bit more to avoid the low-rate mortgage restrictions—especially if the premium is small (0.05%-0.10%) and especially if you can benefit from the service and extras that come with a standard mortgage.Side Note: Here are a few more details about BMO's Low-rate Mortgage: Rate Hold: Up to 90 days Pre-Approvals?: Yes BMO Mortgage Cash Account: Not available with the Low-Rate mortgage BMO Skip-a-Payment: Not available with the Low-Rate mortgage BMO ReadiLine: Not available with the Low-Rate mortgage Rentals Allowed? Yes 2nd Homes Allowed? Yes

Children's art amount

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Happy spring.  At the office we are busy meeting personal clients, completing corporate year ends and excited for yet another personal tax season. It's nice to see everyone this time of year and do a little catching up.

With the 2011 personal tax season here, there are some additional credits available in 2011.  Probably the most common credit will be the children's art amount. 

All the details can be found by following this link: http://www.cra-arc.gc.ca/tx/ndvdls/tpcs/ncm-tx/rtrn/cmpltng/ddctns/lns360-390/370/menu-eng.html

For clarification or just to arrange a personal tax meeting please get in touch with us.

Have a great week

12 Ekim 2012 Cuma

Children's art amount

To contact us Click HERE
Happy spring.  At the office we are busy meeting personal clients, completing corporate year ends and excited for yet another personal tax season. It's nice to see everyone this time of year and do a little catching up.

With the 2011 personal tax season here, there are some additional credits available in 2011.  Probably the most common credit will be the children's art amount. 

All the details can be found by following this link: http://www.cra-arc.gc.ca/tx/ndvdls/tpcs/ncm-tx/rtrn/cmpltng/ddctns/lns360-390/370/menu-eng.html

For clarification or just to arrange a personal tax meeting please get in touch with us.

Have a great week

What has Obama Done? Here Are 200 Accomplishments! With Citations!

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via THE PCTC* BLOG

If you're one of those who thinks President Obama is a "disappointment," my condolences for you not getting your unicorn. And it's time to grow up, and get over it. We have a little over two months to go before an election that will feature more political ads than you have ever seen before. We don't just have to beat Willard Romney; we also have to beat Citizens United. There will be TWO choices for president; it's not a smorgasbord. You can either work for Obama and every other Democrat (yes, including Blue Dogs), or you can sit back and watch Willard Romney complete the job of taking apart the social fabric of the country that was first undertaken by Ronald Reagan 32 years ago.  That is your choice.Obama2What makes the "disappointment" argument even more irritating is that it's simply not true. He's done nearly everything we elect a president to do, and he did it all with little support from the left, and massive obstruction from the right. . Is he perfect? No, he's human. Does he deserve some criticism? Of course, but at this point, it really doesn't matter. What does matter is that this president has compiled a STELLAR recordm given the circumstances under which he took office. If you can look at this list of the president's accomplishments and not be excited, you have a serious problem with perspective. Pass this list around to everyone you know. And don't be afraid; unlike many such lists, every item includes a link to a citation supporting it. 
He Returned The Executive Branch To Fiscal Responsibility After the Bush Debacle1. Within his first week, he signed an Executive Order ordering an audit of government contracts, and combating waste and abuse.   http://1.usa.gov/dUvbu52. Created the post of Chief Performance Officer, whose job it is to make operations more efficient to save the federal government money.   http://n.pr/hcgBn13. On his first full day, he froze White House salaries.  http://on.msnbc.com/ewJUIx4. He appointed the first Federal Chief Information Officer to oversee federal IT spending. http://www.cio.gov5. He committed to phasing out unnecessary and outdated weapons systems. To that end, he also signed the Democratic-sponsored Weapons Systems Acquisition Reform Act, which attempted to put a stop to waste, fraud and abuse in the defense procurement and contracting system.  http://bit.ly/hOw1t1     http://bit.ly/fz8GAd6. Through an executive order, he created the National Commission on Fiscal Responsibility and Reform.  http://bit.ly/hwKhKa
He Improved the Economy, Preventing a Bush Depression7. Pushed through and signed the Democratic-sponsored American Recovery and Reinvestment Act, otherwise known as “the stimulus package.” The bill passed, even though only three Republicans voted for it. In a major departure from the previous administration, he launched recovery.gov, a website that allows taxpayers to track spending from the Act.   http://1.usa.gov/ibiFSs   http://1.usa.gov/e3BJMk8. The Bush-led Great Recession was costing the economy nearly 800,000 jobs per month by the time President Obama took office. But by the end of his first year, the American Recovery and Reinvestment Act created and sustained 2.1 million jobs and stimulated the economyby  3.5%.  http://reut.rs/i46CEE9. Not only did he completed the massive TARP financial and banking rescue plan, he also leaned on the banks and others, and recovered virtually all of the bail-out money. http://1.usa.gov/eA5jVS   http://bit.ly/eCNrD610. He created the Making Home Affordable home refinancing plan.  http://1.usa.gov/goy6zl11. Oversaw the creation of more jobs in 2010 alone than Bush did in eight years. http://bit.ly/hrrnjY12. Along with Democrats, and almost no Republicans, implemented an auto industry rescue plan, and saved as many as 1 million jobs.  http://bit.ly/ibhpxr   Many are of the opinion that he saved the entire auto industry, and even the economy of the entire Midwest.  http://bit.ly/gj7mt5 This resulted in GM returning to its place as the top car company in the world.  http://lat.ms/zIJuQx Willard Romney, on the other hand, advocated for the entire industry to go belly-up. http://nyti.ms/k0zp 13. Doubled funding for the Manufacturing Extension Partnership, which is designed to improve manufacturing efficiency.  http://bit.ly/eYD4nf 14. Signed the Democratic-sponsored Fraud Enforcement and Recovery Act giving the federal government more tools to investigate and prosecute fraud in every corner of the financial system, and create a bipartisan Financial Crisis Inquiry Commission to investigate the financial fraud that led to the economic meltdown.  http://abcn.ws/g18Fe715. Signed the Democratic-sponsored Credit Card Accountability, Responsibility and Disclosure (CARD) Act, which was designed to to protect consumers from unfair and deceptive credit card practices.  http://1.usa.gov/gIaNcS16. Increased infrastructure spending after years of neglect. http://bit.ly/f77aOw17. Signed the Democratic-sponsored and passed Helping Families Save Their Homes Act, expanding on the Making Home Affordable Program to help millions of Americans avoid preventable foreclosures. The bill also provided $2.2 billion to help combat homelessness, and to stabilize the housing market.  http://bit.ly/eEpLFn18. Through the Worker, Homeownership, and Business Assistance Act of 2009, he and Congressional Democrats provided tax credits to first-time home buyers, which helped the U.S. housing market recovery.   http://bit.ly/dZgXXw   http://bit.ly/gORYfL19. Initiated a $15 billion plan designed to encourage increased lending to small businesses. 
http://1.usa.gov/eu0u0b20. Created business.gov, which allows for online collaboration between small businesses and experts re managing a business. (The program has since merged with SBA.gov.)   http://www.business.gov21. Played a lead role in getting the G-20 Summit to commit to a $1.1 trillion deal to combat the global financial crisis.   http://nyti.ms/gHlgp5 22. Took steps to improve minority access to capital. http://bit.ly/f9xVE723. Signed an Executive Order instructing federal agencies to review all federal regulations and remove any unnecessary and/or burdensome regulations from the books.  http://1.usa.gov/Lpo5bd24. Through the American Recovery and Reinvestment Act, saved at least 300,000 education jobs, such as teachers, principals, librarians, and counselors that would have otherwise been lost.   http://1.usa.gov/ez30Dc25. Dismantled the Minerals Management Service, thereby cutting ties between energy companies and the government. http://nyti.ms/bw1MLu26. Along with Congressional Democrats, provided funding to states and the Department of Homeland Security to save thousands of police and firefighter jobs from being cut during the recession.  http://bit.ly/g0IKWR27. Used recovered TARP money to fund programs at local housing finance agencies in California, Florida, Nevada, Arizona and Michigan.   http://on.msnbc.com/i1i8eV28. Crafted an Executive order establishing the President’s Advisory Council on Financial Capability to assist in financial education for all Americans. http://bit.ly/eyqsNE
He Fostered Greater Transparency and Better Government, After the Excesses of the Bush Years29. Signed an order banning gifts from lobbyists to anyone in the Executive Branch.  http://bit.ly/fsBACN30. Signed an order banning anyone from working in an agency they had lobbied in previous years, and put strict limits on lobbyists’ access to the White House.   http://nyti.ms/gOrznV31. Held the first-ever first online town hall from the White House, and took questions from the public.  http://bit.ly/gVNSgX32. Became the first to stream every White House event, live.  http://1.usa.gov/kAgOP533. Established a central portal for Americans to find service opportunities.   http://www.serve.gov34. Provided the first voluntary disclosure of the White House Visitors Log in history.  http://1.usa.gov/hQ7ttV35. Issued an Executive Order on Presidential Records, which restored the 30-day time frame for former presidents to review records, and eliminated the right for the vice president or family members of former presidents to do the reviews. Provides the public with greater access to historic  White House documents, and severely curtails the ability to use executive privilege to shield them.  http://1.usa.gov/gUetLb36. Improved aspects of the Freedom of Information Act, and issued new guidelines to make FOIA more open and transparent when processing FOIA requests.  http://1.usa.gov/gjrnp2  
Wall Street Reforms and Consumer Protection37. Ordered 65 executives who took bailout money to cut their own pay until they paid back all bailout money.  http://huff.to/eAi9Qq38. Along with Congressional Democrats, pushed through and got passed Dodd-Frank, one of the largest and most comprehensive Wall Street reforms since the Great Depression.  http://bit.ly/hWCPg0   http://bit.ly/geHpcD39. Through Dodd-Frank legislation, created the Consumer Financial Protection Bureau  http://1.usa.gov/j5onG40. Through Dodd-Frank, the Executive Branch fashioned rules that reduce the influence of speculators in the oil market.  http://bit.ly/MDnA1t41. Fashioned rules so that banks can no longer use YOUR money to invest in high-risk financial instruments that work against their own customers' interests.  http://bit.ly/fnTayj42. Supported the concept of allowing stockholders to vote on executive compensation.  http://bit.ly/fnTayj43. Endorsed and supported the Foreign Account Tax Compliance Act of 2009 that would close offshore tax avoidance loopholes.   http://bit.ly/esOdfB    http://bit.ly/eG4DPM44. Negotiated a deal with Swiss banks that now permits the US government to gain access to the records of criminals and  tax evaders.  http://bit.ly/htfDgw45. Signed the American Jobs and Closing Tax Loopholes Act, which closed many of the loopholes that allowed companies to send jobs overseas, and avoid paying US taxes by moving money offshore.  http://1.usa.gov/bd1RTq46. Established a Consumer Protection Financial Bureau designed to protect consumers from financial sector excesses.  http://bit.ly/fnTayj 47. Oversaw and then signed a Democratic bill constituting the most sweeping food safety legislation since the Great Depression.  http://thedc.com/gxkCtP 48. Through the Fraud Enforcement and Recovery Act, extended the False Claims Act to combat fraud by companies and individuals usingmoney from the TARP and Stimulus programs.  http://bit.ly/SLTcSa
He Ushered Through Many Changes That Enhanced Civil Rights and Anti-Discrimination49. Along with Congressional Democrats, advocated for and signed the Matthew Shepard and James Byrd, Jr. Hate Crimes Prevention Act, which made it a federal crime to assault anyone based on his or her sexual orientation or gender identity.  http://bit.ly/gsMSJ750. Pushed through, signed and demanded the Pentagon enact a repeal of the discriminatory “Don’t Ask Don’t Tell” policy that forced soldiers to lie in order to be eligible to fight for their country, and put our troops at risk by disqualifying many qualified soldiers from helping.  http://bit.ly/fdahuH  http://bit.ly/mZV4Pz51. Extended benefits to same-sex partners of federal employees.  http://1.usa.gov/g2RLCj52. Appointed more openly gay officials than anyone in history.  http://bit.ly/g1lA7D 53. Appointed first openly transgender Cabinet Official in History.  http://bit.ly/58zUp7  54. Changed HUD rules to prohibit gender and sexual orientation-based discrimination in housing   bit.ly/9RxEnP  55. Changed his mind and publicly expressed support for the right to enter into a same-sex marriage.  http://bit.ly/JsiFKp56. Issued a Presidential Memorandum reaffirming the rights of gay couples to make medical decisions for each other. http://1.usa.gov/aUueGT57. Wrote and signed an Executive Order establishing a White House Council on Women and Girls to ensure that all Cabinet and Cabinet-level agencies evaluate the effect of their policies and programs on women and families.     http://bit.ly/e1puTk   http://1.usa.gov/rFfqMM58. Signed the Democratic-sponsored Lilly Ledbetter Fair Pay Act, which restored basic protections against pay discrimination for women and other workers. This was after the GOP blocked the bill in 2007. Only 5 Republican Senators voted for the bill.   http://bit.ly/fT3Cxg59. Expanded funding for the Violence Against Women Act. http://1.usa.gov/dSbI0x60. Under his guidance, National Labor Relations Board issued final rules that require all employers to prominently post employees' rights where all employees or prospective employees can see it, including websites and intranets, beginning November 2011.  http://1.usa.gov/qu2EhQ 61. Advocated that United Nations adopt a policy supporting gay rights worldwide.  http://lat.ms/pQe1RS62. Issued an order requiring hospitals to allow visitation by same-sex couples.   reut.rs/llNJek 63. Appointed Kareem Dale as the first ever Special Assistant to the President for Disability Policy.  http://1.usa.gov/fi5IY0
64. Helped Democrats in Congress pass and signed the Civil Rights History Act. http://bit.ly/th0JC8

He Made Major Improvements in Foreign Relations and American Status Around the World65. Visited more countries and met with more world leaders than any previous president during his first six months in office.   http://bit.ly/hZycda66. As he promised, he gave a speech at a major Islamic forum in Cairo early in his administration. http://nyti.ms/dKvY4g  67. Helped to restore America's reputation around the world as a global leader that does the "right thing" in world affairs, at least according to the rest of the world.   http://bit.ly/h743y7  http://bit.ly/ho4TCr68. Re-established and reinforced our partnership with NATO and other allies on strategic international issues.  http://1.usa.gov/e7QuDj69. Closed a number of secret detention facilities. http://nyti.ms/rpUc9l70. Improved relations with Middle East countries by appointing special envoys.  http://1.usa.gov/tiGAGe71. Pushed for military to emphasize devlopment of foreign language skills. http://bit.ly/AxUCLV72. Offered $400 million to the people living in Gaza, called on both Israel and the Palestinians to stop inciting violence.  http://bit.ly/9axfWh73. Refused to give Israel the green light to attack Iran over their possible nuclear program, and thus avoid another war that Republicans wanted.  http://bit.ly/xVmSZK74. Worked with Democratic Congress to make donations to Haiti tax deductible in 2009.  http://huff.to/6YkAVY75. Established a new U.S.-China Strategic and Economic Dialogue.   http://1.usa.gov/eX28DP76. Issued Executive Order blocking interference and helping to stabilize Somalia.  http://1.usa.gov/hxdf8U77. Established new, more reasonable policies in our relations with Cuba, such as allowing Cuban-Americans to visit their families and send money to support them.  http://n.pr/hY3Kwa   http://nyti.ms/emQBde78. Ordered the closure of the prison at Guantanamo Bay. It was Republicans (and, unfortunately, progressive Democrats) who prevented follow through.  http://bit.ly/eW6CVF79. Ordered a review of our detention and interrogation policy, and prohibited the use of torture, or what Bush called "enhanced interrogation." He ordered interrogators to limit their actions to the Army Field manual.  http://bit.ly/g6MTuC80. Ordered all secret detention facilities in Eastern Europe and elsewhere to be closed.  http://bbc.in/h6N9ax81. Released the Bush torture memos.  http://bit.ly/hWJ5z082. On his second day in office, he signed a detailed Executive Order that banned torture, reversed all  Bush torture policies, and put the United States in compliance with the Geneva Convention.  http://1.usa.gov/dL6Zve    http://nyti.ms/hzWWys83. In response to the emerging "Arab Spring," he created a Rapid Response fund, to assist emerging democracies with foreign aid, debt relief, technical assistance and investment packages in order to show that the United States stands with them. http://bit.ly/zfmGv984. Passed the Iran Sanctions Act, to prevent war, and to encourage Iran to give up their nuclear program. http://1.usa.gov/wLtNjb 85. Ended the Iraq War. http://tgr.ph/ru0tyS86. Authorized and oversaw a secret mission by SEAL Team Six to rescue two hostages held by Somali pirates. http://bit.ly/y8c9Fz  
He Took a More Realistic Approach to “Defense”87. Created a comprehensive new strategy for dealing with the international nuclear threat.  http://1.usa.gov/gDX1nE88. Authorized a $1.4 billion reduction in Star Wars program in 2010. http://1.usa.gov/gLFZl289. Restarted nuclear nonproliferation talks and built up the nuclear inspection infrastructure/protocols to where they had been before Bush.   http://lat.ms/gkcl3i90. Signed and pushed through ratification a new SALT Treaty.  http://bit.ly/f3JVtw91. Negotiated and signed a new START Treaty that will lst until at least 2021.  http://1.usa.gov/cI1bC492. Through the Defense Authorization Act, reversed the Bush Administration and committed to no permanent military bases in Iraq.   http://bit.ly/hk73OJ93. Developed first comprehensive strategy with regard to Afghanistan and Pakistan designed to facilitate the defeat of al Qaeda and the withdrawal of most troops, as well as the rebuilding of Afghanistan.  http://wapo.st/ee4Xcs  94. Returned our focus to Afghanistan, stabilized the country, and began the process of withdrawing our troops from the country. http://bit.ly/lNXUna95. Negotiated a deal with Afghan govenment, to withdraw troops and military support, while assisting in rebuilding and modernizing of the country.  http://bit.ly/K362an96. Took steps to severely weaken al Qaeda and limited their ability to terrorize the world.  http://yhoo.it/n5lXs697. Negotiated and signed a nuclear nonproliferation treaty with India.  http://1.usa.gov/aHp0Cn98. Took decisive action to use NATO to limit the slaughter of innocents in Libya, so that the Libyan people could topple a despotic government and determine their own fate.  http://aje.me/qAh4Sj  
His Administration Treated Soldiers and Veterans with Respect That Was Missing Previously99. Along with Congressional Democrats, not only reauthorized families of fallen soldiers to be able to visit when the body arrives at Dover AFB, but also provided funding for it.  Ended the media blackout on coverage of the return of fallen soldiers.  http://nyti.ms/glqN66   http://bbc.in/gWSSkA100. Funded Department of Veterans Affairs (VA) with an extra $1.4 billion to improve veterans’ services.  http://1.usa.gov/huhqfo101. Provided active combat troops with better body armor.  http://bit.ly/hzSv2h102. Created Joint Virtual Lifetime Electronic Record program for military personnel, in order  to improve the quality of their medical care.  http://1.usa.gov/f4yaxW103. Put an end to the Bush-era stop-loss policy that kept soldiers in Iraq/Afghanistan beyond their enlistment date. (personal note: my son will be in harm’s way for six fewer months with Obama as president, so you know I love this one.) http://nyti.ms/e2YQ7Q104. Along with Congressional Democrats, supported and signed Veterans Health Care Budget Reform and Transparency Act, which made more money available to enable better medical care for veterans.  http://1.usa.gov/fN4ur1105. Along with Congressional Democrats, ushered through largest spending increase in 30 years for Department of Veterans Affairs, with money to go to improved medical facilities, and to assist states in acquiring or constructing state nursing homes and extended care facilities.    http://1.usa.gov/gY8O3x 106. Created the Green Vet Initiative, which provided special funding to the Labor Department to provide veterans with training in green jobs.  http://bit.ly/epwUQY107.  Initiated and signed a recruitment and employment plan to get more veterans into government jobs.  http://bit.ly/b48coi108. Oversaw a $4.6 billion expansion of the Veterans Administration budget to pay for more mental health professionals.  http://bit.ly/gjzTxX  109. Signed the Military Spouses Residency Relief Act, which ensures that spouses of military personnel who are forced to move because their spouse is posted for military duty will be able to avoid state taxes in their temporary residence.   http://bit.ly/1Gh0NX
He Refocused the Federal Government on Education110. Repeatedly increased funding for student financial aid, and at the same time cut the banks completely out of the process.   http://bit.ly/gYWd30   http://bit.ly/e9c7Dr   http://bit.ly/eEzTNq 111. Reformed student loan program, to make it possible for students to refinance at a lower rate.   http://nyti.ms/dMvHOt112. Through the American Recovery and Reinvestment Act , invested heavily in elementary, secondary and post-secondary education.   http://1.usa.gov/gGRIAr  113.  Created the Race to the Top program, which encouraged states to come up with effective school reforms and rewards the best of them.   http://bit.ly/NHtZ7L 114. Oversaw major expansion of broadband availability in K-12 schools nationwide   http://bit.ly/fNDcj3 ,115. Oversaw major expansion in school construction.  http://bit.ly/fYwNrV 116. Also through the American Recovery and Reinvestment Act, he put $5 billion into early education, including Head Start. http://1.usa.gov/tzT2Rr117. Signed the Democratic-sponsored Post-9/11 GI Bill, also known as GI Bill 2.0  http://bit.ly/hPhG7J 118. Oversaw expansion of the Pell Grants program, to expand opportunity for low income students to go to college.  http://bit.ly/hI6tXz119. Along with Democratic Congress, passed and signed Individuals with Disabilities Education Act, which provided an extra $12.2 billion in funds.  http://1.usa.gov/dQvtUe  120. Took major new steps to protec students from ineffective for-profit colleges through "gainful employment" measures, whereby schools have to demonstrate that its students actually find work to get federal aid.  http://1.usa.gov/jkzQe2121. With First Lady Michelle Obama, passed the Healthy Hunger-Free Kids Act, which will improve nutrition in schools and make children healthier.   http://1.usa.gov/GAXkSk  
He Pushed Through Improvements in National Safety and Security122. Restored federal agencies such as FEMA to the point that they have been able to manage a huge number of natural  disasters successfully.   http://bit.ly/h8Xj7z123. Authorized Navy SEALS to successfully secure the release of a US captain held by Somali pirates and increased patrols off the Somali coast. http://nyti.ms/efBO7B124. Has repeatedly beefed up border security http://bit.ly/mMYB4i125. Ordered and oversaw the Navy SEALS operation that killed Osama bin Laden.  http://bit.ly/jChpgw  
Reoriented Government to an Adult View on Science, Technology and Health Care126. Created a Presidential Memorandum to restore scientific integrity in government decision-making.  http://1.usa.gov/g2SDuw   127. Opened up process for fast-tracking patent approval for green energy projects.  http://bit.ly/j0KV2U 128. Eliminated Bush-era restrictions on embryonic stem cell research, and provided increased federal support for biomedical and stem cell research.   http://bit.ly/h36SSO    http://ti.me/edezge  129. Through the American Recovery and Reinvestment Act, committed more federal funding, about $18 billion, to support non-defense science and research labs.  http://nyti.ms/fTs9t7130. Signed Democratic-sponsored Christopher and Dana Reeve Paralysis Act, the first comprehensive attempt to improve the lives of Americans living with paralysis.  http://bit.ly/fOi2rb131. Expanded the Nurse-Family Partnership program, which provides home visits by trained registered nurses to low-income expectant mothers and their families, to cover more first-time mothers. http://bit.ly/jRRRJc132. Obama EPA reveresed research ethics standards which allowed humands to be used as "guinea pigs" in tests of the effects of chemicals, to comply with numerous codes of medical ethics.  http://bit.ly/bKgqdS133. Conducted a cyberspace policy review.   http://1.usa.gov/gmbdvC134. Provided financial support for private sector space programs. http://bit.ly/fn8ucr 135. Oversaw enhanced earth mapping, to provide valuable data for agricultural, educational, scientific, and government use.   http://bit.ly/dNTRyP136. Along with Democrats in Congress, ushered through and signed a bill authorizing FDA to regulate tobacco.  http://on.msnbc.com/fiKViB As a result,  the FDA has Ordered Tobacco Companies to Disclose Cigarette Ingredients and banned sale of cigarettes falsely labeled as “light.”137. Through American Recovery and Reinvestment Act, provided $500 million for Health Professions Training Programs.  http://bit.ly/ecQSgA 138. Increased funding for community-based prevention programs.  http://bit.ly/frMPG3139. Oversaw a 50% decrease in cost of prescription drugs for seniors. http://bit.ly/e5b1iq    http://1.usa.gov/fVNkt9140. Eliminated the Bush-era practice of forbidding Medicare from negotiating with drug companies on price. http://bit.ly/fOkG5b141. Two weeks after taking office, signed Democratic-sponsored Children’s Health Insurance Reauthorization Act, which increased the number of children covered by health insurance by 4 million.   http://bit.ly/fDEzGv142. Urged Congress to investigate Anthem Blue Cross for raising premiums 39% without explanation. Democratic Rep. Waxman responded by launching a probe, and Anthem Blue Cross put increase on hold for two months.    http://yhoo.it/e8Tj9C143. Ushered through and signed Affordable Care Act, which expanded health insurance coverage to at least 30 million more people, ended many common insurance company practices that are often detrimental  to those with coverage.  He also established healthcare.gov, so that taxpayers could keep up with developments.  http://www.healthcare.gov/144. Through ACA, allowed children to be covered under their parents’ policy until they turned 26.   http://nyti.ms/fNB26V 145. Through the ACA, provided tax breaks to allow 3.5 million small business to provide health insurance to their employees, and 29 million people will receive tax breaks to help them afford health insurance.  http://nyti.ms/fNB26V 146. Through the ACA, expanded Medicaid to those making up to 133% of the federal poverty level.  http://nyti.ms/ekMWpo147. Through the ACA, health insurance companies now have to disclose how much of your premium actually goes to pay for patient care.  http://nyti.ms/fNB26V148. Provisions in theACA have already resulted in Medicare costs actually declining slightly this fiscal year, for the first time in many years, according to the Congressional Budget Office. The increase in 2011 was 4%, which is very low compared to the average 12% annual inflation rate during previous 40 years. http://1.usa.gov/oMxpTh  149. Through the ACA, expanded space exploration and discovery options to more players   http://bit.ly/PNTS7e150.  Through the Connect America Fund, pushed through and received FCC approval for a move of $8 billion in subsidies away from telephone landlines to assist lower-income rural families in accessing broadband.   http://lat.ms/vhRUEs
He Took Steps to Strengthen the Middle Class and Families, and to Fight Poverty151. Worked to provide affordable, high-quality child care to working families.  http://bit.ly/fNfidS152. Cracked down on companies that were previously denying sick pay, vacation and health insurance, and Social Security and Medicare tax payments through abuse of the employee classification of independent contractor.   http://nyti.ms/fOGLcj153. Through the American Recovery and Reinvestment Act , cut taxes for 95% of America's working families.   http://bit.ly/eSEI4F  154. Tax rates for average working families are the lowest since 1950.  http://bit.ly/f74pD8 155. Extended and fully funded the patch for the Alternative Minimum Tax for 10 years.  http://bit.ly/eFeSdP156. Extended discounted COBRA health coverage for the unemployed from 9 months to 15 months, and he’s extended unemployment benefits several times.  http://aol.it/evtVxD   http://nyti.ms/emrqKJ    http://bit.ly/hOtIpg    http://bit.ly/fTT7kz  157. Provided  a $20 billion increase for the Supplemental Nutrition Assistance Program (Food Stamps).  http://nyti.ms/gfLqyM158. Signed an Executive Order that established the White House Office of Urban Affairs.  http://wapo.st/eWECA8 
He Took Concrete Steps to Improve Our Environment and Address Our Energy Needs159. Fast-tracked regulations to allow states to enact fuel efficiency standards that exceeded federal standards.    http://nyti.ms/e8e94x160. Fast-tracked increased fuel economy standards for vehicles beginning with the 2011 model year. It was the first time such standards had been increased in a decade.   http://politi.co/hiaPKM161. Oversaw establishment of an Energy Partnership for the Americas, to create more markets for American-made biofuels and green energy technologies. http://bit.ly/lZp73y162. Obama EPA reversed a Bush-era decision to allow the largest mountaintop removal project in US history.  http://bit.ly/lP3yEL163. Ordered the Department of Energy to implement more aggressive efficiency standards for common household appliances.    http://1.usa.gov/g3MTbu164. Ordered energy plants to prepare to produce at least 15% of all energy through renewable resources like wind and solar, by 2021. http://reut.rs/fV155p  (As you can see, Republicans are trying hard to kill it.)165. Oversaw the creation of an initiative that converts old factories and manufacturing centers into new clean technology centers. http://bit.ly/mjnq2R166. Bypassed Republican opposition in Congress and ordered EPA to begin regulating and measuring carbon emissions.   http://bit.ly/froaP5 167. Obama EPA ruled that CO2 is a pollutant. http://bit.ly/iQTSNN168. Oversaw doubling federal spending on clean energy research. http://bit.ly/iN0sCE169. Pushed through a tax credit to help people buy plug-in hybrid cars.   http://bit.ly/j8UP5Y170. Created a program to develop renewable energy projects on the waters of our Outer Continental Shelf that will produce electricity from wind, wave, and ocean currents.   http://1.usa.gov/fgfRWq171. Reengaged in the climate change and greenhouse gas emissions agreements talks, and proposed one himself. He also addressed the U.N. Climate Change Conference, officially reversing the Bush era stance that climate change was a “hoax.”  http://bit.ly/dX6Vj3  http://bit.ly/fE2PxK  http://nyti.ms/hfeqvv172. Fully supported the initial phase of the creation of a legally-binding treaty to reduce mercury emissions worldwide.  http://bit.ly/eJ6QOO173. Required states to provide incentives to utilities to reduce their energy consumption. http://bit.ly/lBhk7P174. Following the neglect of Bush’s eight year reign, he reengaged in a number of treaties and agreements designed to protect the Antarctic.  http://bit.ly/fzQUFO175. Created tax write-offs for purchases of hybrid automobiles, and later he and Democrats morphed that program into one that includes electric cars.   http://bit.ly/glCukV176. Mandated that federal government fleet purchases be for fuel-efficient American vehicles, and encouraged that federal agencies support experimental, fuel-efficient vehicles.   http://bit.ly/h5KZqy   http://1.usa.gov/fLWq5c    http://1.usa.gov/hmUSbk 177. Oversaw and pushed through amendment to the Oil Pollution Act of 1990 authorizing advances from Oil Spill Liability Trust Fund for the Deepwater Horizon oil spill.  http://1.usa.gov/yTRYVo 178. Actively tried to amend the Oil Pollution Act of 1990 to eliminate the liability limits for those companies responsible for large oil spills. http://nyti.ms/bxjDi3179. Initiated Criminal and Civil inquiries into the Deepwater Horizon oil spill.  http://nyti.ms/bVuB7a180. Through his EPA, he asserted federal legal supremacy, and barred Texas from authorizing new refinery permits on its own.  http://bit.ly/ww8eMd181. Strengthened the Endangered Species Act.  http://bit.ly/hscjsH182. Obama EPA improved boiler safety standards to improve air quality, and save 6500 lives per year.  http://bit.ly/jYH7nt183. Through the EPA, attemped to take steps to severely limit the use of antibiotics in livestock feed, to increase their efficacy in humans. http://bit.ly/fBuWd2184. Through new EPA regulations, he created a pretext for closing the dirtiest power plants in the country, by limiting emissions of mercury and other toxic gasses.  http://bit.ly/rQCIgA 185. Increased funding for National Parks and Forests by 10%  http://bit.ly/fbJPjY186. Announced greatly improved commercial fuel efficiency standards.  http://1.usa.gov/oQiC1K 187. Announced a huge increase in average fuel economy standards from 27.5mpg in 2010 to 35.5mpg starting in 2016 and 54.5 starting in 2025   http://1.usa.gov/qtghsW  
But That's Not All...188. Expanded trade agreements to include stricter labor and environmental agreements such as NAFTA.  http://bit.ly/etznpY 189. Oversaw funding of  the design of a new Smithsonian National Museum of African American History, which is scheduled to open on the National Mall in 2015.  He protected the funding during the recent budget negotiations.   http://on.fb.me/fD0EVO    http://bit.ly/ff5Luv190. Oversaw and passed increased funding for the National Endowment for the Arts. http://bit.ly/dFb8qF191. Nominated Sonia Sotomayor and Elena Kagan to the Supreme Court. Sotomayor is the first Hispanic Justice in the court’s history, and the women represent only the third and fourth women to serve on the court, out of a total of 112 justices.   http://huff.to/eOChg6  http://bit.ly/i02wgP192. Appointed the most diverse Cabinet in history, including more women than any other incoming president.   http://bit.ly/dX6vNB193. Eliminated federal funding for abstinence-only education, and rescinded the global gag rule.  http://bit.ly/eCFAI1  http://bit.ly/f92drF194. Loosened the rules and allowed the 14 states that legalized medical marijuana to regulate themselves without federal interference.   http://huff.to/eQfa7j195. Signed national service legislation, increasing funding for national service groups, including triple the size of the Americorps program.   http://bit.ly/idgQH5 196. Signed an Executive Order that will speed up deployment of a more comprehensive broadband infrastructure.  http://1.usa.gov/M7rVpe 197. Signed an Executive Order creating jobs immediately by instructing them to reduce the time needed for review and permitting of infrastructure projects.  http://1.usa.gov/GHxaYt198. Signed a bill that provided $4.3 billion in additional assistance to 9/11 first reponders.   http://bit.ly/o7cWYS 199. Signed an Executive Order pledging support for efforts to end the global problem of violence against women and girls.  http://1.usa.gov/MHTRVU
And Did You Know?200. Despite the characterizations of some, Obama’s success rate in winning congressional votes on issues was an unprecedented 96.7% for his first year in office.  Though he is often cited as superior to Obama, President Lyndon Johnson’s success rate in 1965 was only 93%.   http://n.pr/i3d7cY 

The Bible's Word of Liberation and God's Solidarity with the Oppressed

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Rev. Jeremiah Wright 

The passage below (Job 31.14-22, 31, 38-40) is from today's Old Testament reading in the Daily Office- the writer of Job connects the judgment of God with our response to the oppressed- the poor, naked, hungry, workers, aliens (travelers here). This passage correlates with Jesus teaching on the final judgment in Matthew 25.31-46.

Today, a person left this comment on an older blog post of mine featuring Liberation theologians: “The worst is how people still try to oppose this -(Liberation theology)- If 'Christians' really think that believing in Christ allows them to be rich and at the same time not help the poor, well, then God have mercy on their souls.”  Could not have said it better myself.

It is the Bible itself that proclaims a message of liberation and social justice, it is not an innovation of liberals, social gospelers, or liberation theologians. It is very the Word of God, which we reject or ignore at our own risk.

As I have said before, I am a believer in Liberation Theology. Really, there should not be a need for liberation theology if we believe the Bible. But since people ignore the Bible's message of liberation and justice, God must raise prophetic voices, including the proponents of liberation theology. It is only from a context of wealth, power, and privilege that one can ignore the liberation announced in the Bible by Jesus and the Hebrew Prophets.

- Lance

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For what shall I do when God shall rise to judge? and when he shall examine, what shall I answer him? Did not he that made me in the womb make him also: and did not one and the same form me in the womb?

If I have denied to the poor what they desired, and have made the eyes of the widow wait: If I have eaten my morsel alone, and the fatherless hath not eaten thereof: (For from my infancy mercy grew up with me: and it came out with me from my mother's womb:) If I have despised him that was perishing for want of clothing, and the poor man that had no covering: If his sides have not blessed me, and if he were not warmed with the fleece of my sheep:

If I have lifted up my hand against the fatherless, even when I saw myself superior in the gate: Let my shoulder fall from its joint, and let my arm with its bones be broken.  For I have always feared God as waves swelling over me, and his weight I was not able to bear. If I have thought gold my strength, and have said to fine gold: My confidence:  If I have rejoiced over my great riches, and because my hand had gotten much.

If the men of my tabernacle have not said: Who will give us of his flesh that we may be filled? The stranger did not stay without, my door was open to the traveller.

If my land cry against me, and with it the furrows thereof mourn:  If I have eaten the fruits thereof without money, and have afflicted the soul of the tillers thereof: Let thistles grow up to me instead of wheat, and thorns instead of barley.

- Job 31.14-22, 31, 38-40, Douay 

HERE'S WHAT OBAMACARE DOES, WE NEED TO SELL IT WITH ALL OUR MIGHT

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via We Should Be Praising Obamacare With All Our Might (The PCTC Blog http://pleasecutthecrap.typepad.com/main/2012/09/obamacareisgreatlaw.html )


HERE'S WHAT OBAMACARE DOES, WE NEED TO SELL IT WITH ALL OUR MIGHT ~

"...With less than eight weeks to go before we (hopefully) reelect President Obama, I was confronted with a Republibot yesterday that just plain made my mind numb. She's on Medicare, and because she's a Romney supporter with all her might, she has convinced herself that Obamacare will do great harm to Medicare, and that it's all around just really evil. She actually said, (and I'm not making this up. I wish I was.) "I don't want a panel of 12 people deciding..." I cut her off, knowing she was talking about "death panels."

I can't believe anyone still believes there will be death panels in Obamacare. But since there obviously are, this piece became necessary. In this piece, you will find out what is in Obamacare, and why it makes our health care system better.

Look, folks, it's this simple. Two and a half years ago, President Obama signed into law the most sweeping change to our health insurance system ever. It needs improvement; I will not argue that at all. But overall, it's a very progressive law.

This law does a lot for people, and not just because it will make insurance available to those who haven't carried a policy for years. Even those who have the same plan they've had for years will see major improvements in their coverage...

... the Affordable Care Act strengthens Medicare in ways that will make it even more difficult for Republicans to kill it. Also, strengthening it will increase the appeal of the program, and quite possibly set it up as an irresistible version of the "public option" so many claim as essential to a successful universal health care plan...

...Is the ACA perfect? Of course not. No single bill ever is. But it's damn good, and it improves our health insurance system enough that all we'll need to do going forward is to tweak it to make it better. It does a lot, and we need for everyone to know this..."


More at: http://pleasecutthecrap.typepad.com/main/2012/09/obamacareisgreatlaw.html
(RJ)



Sent on the Sprint® Now Network from my BlackBerry®

John Lennon's 72nd Birthday

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In a perfect world, John Lennon would be alive at 72 today. Today, I want to remember and honor John Lennon today, he has been a hero of mine since childhood. - Lance

"If you can imagine a world at peace, with no denominations of religion not without religion but without this my-God-is-bigger-than-your-God thing then it can be true"  - John Lennon

"We're all Christ and we're all Hitler. We are trying to make Christ's message contemporary. We want Christ to win." - John Lennon

Imagine Video:


Come Together video:



Cold Turkey Video:

11 Ekim 2012 Perşembe

Upcoming Documentary: Free Angela

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I am very excited to see a new documentary on Angela Davis coming soon. It will premiere at the Toronto Film Festival this month, and is being produced by Jay-Z and Will and Jada Smith.

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Jay-Z joins Will Smith to exec produce Shola Lynch’s ‘Free Angela & All Political Prisoners’
Posted by Wilson Morales via blackfilm.com read

Source: Deadline

Overbrook Entertainment and Roc Nation will lend their clout to the Realside Productions/De Films Aiguille-produced documentary Free Angela & All Political Prisoners, which was directed by Shola Lynch. They will become executive producers on a film that premieres at the upcoming Toronto Film Festival and marks the 40th anniversary of the acquittal of Angela Davis on charges of murder, kidnapping and conspiracy. The docu was produced by Carole Lambert, Shola Lynch, Carine Ruszniewski, and Sidra Smith.

The documentary chronicles Angela Davis’ activism that implicated her in charges of attempted kidnapping and murder. It features interviews with Davis, her lawyers, FBI agents assigned to the case, and journalists who covered one of the most volatile trials of the ’60s. Davis’ imprisonment sparked a worldwide movement for her freedom as a political prisoner, while she was simultaneously being labeled a terrorist. The film wrestles with the meaning of political freedom in a democracy negotiated between the people and its government.

“We at Overbrook Entertainment are very proud to support this intriguing documentary about the life of Angela Davis. Filmmaker, Shola Lynch has done an incredible job in revealing a piece of American history we thought we all knew,” said Jada Pinkett Smith.

Roc Nation founder Shawn “Jay Z” Carter, added: “Shola Lynch has crafted an intricate and compelling film about Angela Davis. Roc Nation is honored to be a part of a creative collective that can present such a riveting story.”


According to Indiewire & Deadline

In this essential new feature documentary, legendary radical activist Angela Davis speaks for the first time about her 1970s imprisonment as a terrorist and conspirator, which became a flashpoint in the black liberation struggle and turned her into a revolutionary icon. Angela Davis, an associate of the Black Panthers and UCLA philosophy professor who was charged in 1970 with conspiracy in kidnapping and murdering Judge Harold Haley from the Marin County courthouse. The film will premiere at the upcoming Toronto Film Festival and marks the 40th anniversary of the acquittal of Angela Davis on charges or murder, kidnapping and conspiracy.

Jada Pinkett Smith said “We at Overbrook Entertainment are very proud to support this intriguing documentary about the life of Angela Davis. Filmmaker, Shola Lynch has done an incredible job in revealing a piece of American history we thought we all knew.”

Shawn “Jay Z” Carter, added: “Shola Lynch has crafted an intricate and compelling film about Angela Davis. Roc Nation is honored to be a part of a creative collective that can present such a riveting story.”

The Bible's Word of Liberation and God's Solidarity with the Oppressed

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Rev. Jeremiah Wright 

The passage below (Job 31.14-22, 31, 38-40) is from today's Old Testament reading in the Daily Office- the writer of Job connects the judgment of God with our response to the oppressed- the poor, naked, hungry, workers, aliens (travelers here). This passage correlates with Jesus teaching on the final judgment in Matthew 25.31-46.

Today, a person left this comment on an older blog post of mine featuring Liberation theologians: “The worst is how people still try to oppose this -(Liberation theology)- If 'Christians' really think that believing in Christ allows them to be rich and at the same time not help the poor, well, then God have mercy on their souls.”  Could not have said it better myself.

It is the Bible itself that proclaims a message of liberation and social justice, it is not an innovation of liberals, social gospelers, or liberation theologians. It is very the Word of God, which we reject or ignore at our own risk.

As I have said before, I am a believer in Liberation Theology. Really, there should not be a need for liberation theology if we believe the Bible. But since people ignore the Bible's message of liberation and justice, God must raise prophetic voices, including the proponents of liberation theology. It is only from a context of wealth, power, and privilege that one can ignore the liberation announced in the Bible by Jesus and the Hebrew Prophets.

- Lance

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For what shall I do when God shall rise to judge? and when he shall examine, what shall I answer him? Did not he that made me in the womb make him also: and did not one and the same form me in the womb?

If I have denied to the poor what they desired, and have made the eyes of the widow wait: If I have eaten my morsel alone, and the fatherless hath not eaten thereof: (For from my infancy mercy grew up with me: and it came out with me from my mother's womb:) If I have despised him that was perishing for want of clothing, and the poor man that had no covering: If his sides have not blessed me, and if he were not warmed with the fleece of my sheep:

If I have lifted up my hand against the fatherless, even when I saw myself superior in the gate: Let my shoulder fall from its joint, and let my arm with its bones be broken.  For I have always feared God as waves swelling over me, and his weight I was not able to bear. If I have thought gold my strength, and have said to fine gold: My confidence:  If I have rejoiced over my great riches, and because my hand had gotten much.

If the men of my tabernacle have not said: Who will give us of his flesh that we may be filled? The stranger did not stay without, my door was open to the traveller.

If my land cry against me, and with it the furrows thereof mourn:  If I have eaten the fruits thereof without money, and have afflicted the soul of the tillers thereof: Let thistles grow up to me instead of wheat, and thorns instead of barley.

- Job 31.14-22, 31, 38-40, Douay