The Long Shadow Of The Progressives: The Great Society

Progressives have been proposing the same agenda since Teddy Roosevelt (in the early 1900′s). Case and point, an excerpt of LBJ’s great society speech at the University Of Michigan in 1964 (emphasis added):

Many of you will live to see the day, perhaps 50 years from now, when there will be 400 million Americans — four-fifths of them in urban areas. In the remainder of this century urban population will double, city land will double, and we will have to build homes, highways, and facilities equal to all those built since this country was first settled. So in the next 40 years we must re-build the entire urban United States.

Aristotle said: “Men come together in cities in order to live, but they remain together in order to live the good life.” It is harder and harder to live the good life in American cities today.

The catalog of ills is long: there is the decay of the centers and the despoiling of the suburbs. There is not enough housing for our people or transportation for our traffic. Open land is vanishing and old landmarks are violated.

Worst of all expansion is eroding the precious and time honored values of community with neighbors and communion with nature. The loss of these values breeds loneliness and boredom and indifference.

46 years later BHO (Obama) speaking to a group of City Mayors:

… and we expect you to use it. Already, we’ve met with you and the Conference of Mayors over a half-a-dozen times. Too often in the past, America’s cities have been neglected and our mayors haven’t had — haven’t been able to be heard on the questions of national policy. That’s a story you all understand and know very well.

But we know how important cities are. Sixty-five percent of our nation’s population, as you all know, live in our cities. Our cities are the home of 7 out of 10 American jobs. And when you’re talking about the knowledge economy jobs, the number rises to 8 in 10, 8 out of 10.

Cities are vital to our economy, essential to our recovery, and haven’t been paid much attention to. Our economy can never reach, in our view, its full potential if we have people who are living blocks away, but worlds away from the bustling downtowns full of opportunity.

Our poor transportation system don’t provide mobility when people need to get to the job or — or there aren’t enough police or firefighters in the communities to keep the communities safe.

And that’s why the American Recovery and Reinvestment Act President Obama signed this week, I think, includes unprecedented investment in American cities.

(APPLAUSE)

The more things change, the more they stay the same.

Obama Henchman: “We Found Out About Goldman Sachs When It Hit The News”

Rham “never let a crisis go to wast” Emmanuel was blindsided by the news that Goldman Sachs was being sued by the SEC:

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It’s like Obama is completely detached from the happenings around the world. Yet, strangely, Obama and his henchmen already have a sophisticated PR campaign deployed:

A new White House ad that pops up on Google searches for “Goldman Sachs SEC” features a plea by President Obama for financial reform, and is creating its own controversy. The ad is triggering praise as a smart bit of cyber marketing, but is also being cited as possible evidence of White House pressure in a financial investigation.

The first result for a search of the terms “Goldman Sachs SEC” brings users to a sponsored link titled “Help Change Wall Street.” Clicking the link takes users to a page on barackobama.com, featuring a photo of the president accompanied by a quote about Wall Street reform and a prompt to register with the site.

“We’ve seen and lived the consequences of what happens when there’s too little accountability on Wall Street and too little protection for Main Street. It is time for real change,” the quote reads.

A Democratic Party source confirmed the ad was bought by the White House political wing, Organizing for America, and said it was part of a strategy to purchase Internet ads pegged to the most talked about issues on any given day. The organization buys ads targeting the words people are most often searching. In recent weeks the White House political arm has bought ads with the keywords: “wall street reform,” “AIG” and “big bank bailout.”

“It is another great example of why the Obama Internet guys are the smartest guys on the block,” said Phil Noble founder of Politics Online, a Web site that tracks how the Internet is used in politics.

Either their PR guys are the smartest guys on the block or they had a head start. Remember, this is the same government that can’t get ObamaCare rolling until 2014…

More Hope & Change: Foreclosures moving to mid-to-high end

“We are seeing signs that the worst may be over in the hard-hit entry-level markets, while problems are slowly spreading to more expensive neighborhoods. We’re also seeing some lenders become more accommodating to work-outs or short sales, while others appear to be getting stricter about delinquencies. It’s very noisy out there,” [John Walsh, DataQuick president] said.

The state’s most affordable sub-markets, which represent 25 percent of the state’s housing stock, accounted for 47.5 percent of all default activity a year ago. In first-quarter 2010 that fell to 40.9 percent.California’s mid- to high-end housing markets were more likely to have seen a rise in mortgage defaults last quarter, though the concentration of default activity – measured by defaults per 1,000 homes – remained relatively low in those areas.

For example, zip codes statewide with median home sale prices of $500,000-plus saw mortgage defaults buck the overall trend and rise 1.5 percent last quarter compared with the prior quarter, while year-over-year the decline was 19 percent versus a 40.2 percent marketwide annual decrease. Collectively, these zips saw 4.5 default notices filed for every 1,000 homes in the community, compared with the overall market's rate of 9.3 NODs for every 1,000 homes statewide.

In zip codes with medians below $500,000, mortgage default filings fell 5.8 percent from the prior quarter and declined nearly 43 percent from a year earlier. However, collectively these zips saw 10.5 NODs filed for every 1,000 homes – more than double the default rate for the zips with $500,000-plus medians.

via Calculated Risk: DataQuick: Foreclosures moving to mid-to-high end.