I pray that this congressman was so drunk/stoned that he had no idea what he was saying.
If not, then the alternative is that he is truly that f$%cking stupid....
....Oh God, America is doomed.
Monday, April 5, 2010
Monday, March 22, 2010
Tuesday, March 9, 2010
A true American success story.....
I just could not pass this one up...
It appears that Pennsylvania has a foreclosure rescue plan that is making the Obama Adminstration green with envy. As described in the following article: http://money.cnn.com/2010/03/08/news/economy/mortgage_help_for_unemployed/index.htm?source=patrick.net
"The Pennsylvania Housing Finance Agency offers the jobless and those suffering financial hardship loans of up to $60,000 for as long as three years to cover their monthly payments or take care of their arrears. Created in 1983, the program boasts an 80% success rate in preventing foreclosures."
Moral (or lack thereof) of the story: when you give folks essentially free money for 3 years, you can prevent foreclosures. Huh? Well at least this appears better than Freddie and Fannie's foreclosure prevention programs.
Of course to expect that the success rate of this program (apparently 80% over the last 27 years) will remain as high during the worst recession and greatest housing bust since the Great Depression will require a total suspension of all critical and rational thought. But hey, these are times for Hope and Change, Moral Hazard and widespread bailouts so I was eager to read about a featured success story in the article:
"Awilda Mercado is thankful that the emergency loan program in Pennsylvania continues to serve the state's residents. In 2008 she lost her factory position and her husband had an on-the-job accident that left him unable to work. To help her stay in her York, Penn., home, the agency took care of her arrears of $7,386 and paid four months of her mortgage.
Now that she's receiving unemployment and her husband is on disability, the Mercados have been able to resume their mortgage payments. They also are reimbursing the housing agency, often sending in more than the $25 minimum payment.
They helped me not only save my home, but got me back on my feet," said Mercado, 52, who has three grown children."
So let me get this straight, now that they are receiving money from the government in the form of unemployment and disability payments, they can afford to pay back their mortgage (no doubt to a federal government owned-entity) and 're-pay' the state government program at a rate of $25 bucks OR MORE ($26?)a month.
This is the featured success story!?!?!?
Well, I guess at least they are using some of their government support to pay back their debt to the government. Now in Obama's America that is a success story!
It appears that Pennsylvania has a foreclosure rescue plan that is making the Obama Adminstration green with envy. As described in the following article: http://money.cnn.com/2010/03/08/news/economy/mortgage_help_for_unemployed/index.htm?source=patrick.net
"The Pennsylvania Housing Finance Agency offers the jobless and those suffering financial hardship loans of up to $60,000 for as long as three years to cover their monthly payments or take care of their arrears. Created in 1983, the program boasts an 80% success rate in preventing foreclosures."
Moral (or lack thereof) of the story: when you give folks essentially free money for 3 years, you can prevent foreclosures. Huh? Well at least this appears better than Freddie and Fannie's foreclosure prevention programs.
Of course to expect that the success rate of this program (apparently 80% over the last 27 years) will remain as high during the worst recession and greatest housing bust since the Great Depression will require a total suspension of all critical and rational thought. But hey, these are times for Hope and Change, Moral Hazard and widespread bailouts so I was eager to read about a featured success story in the article:
"Awilda Mercado is thankful that the emergency loan program in Pennsylvania continues to serve the state's residents. In 2008 she lost her factory position and her husband had an on-the-job accident that left him unable to work. To help her stay in her York, Penn., home, the agency took care of her arrears of $7,386 and paid four months of her mortgage.
Now that she's receiving unemployment and her husband is on disability, the Mercados have been able to resume their mortgage payments. They also are reimbursing the housing agency, often sending in more than the $25 minimum payment.
They helped me not only save my home, but got me back on my feet," said Mercado, 52, who has three grown children."
So let me get this straight, now that they are receiving money from the government in the form of unemployment and disability payments, they can afford to pay back their mortgage (no doubt to a federal government owned-entity) and 're-pay' the state government program at a rate of $25 bucks OR MORE ($26?)a month.
This is the featured success story!?!?!?
Well, I guess at least they are using some of their government support to pay back their debt to the government. Now in Obama's America that is a success story!
Monday, February 8, 2010
Due to Inclement Weather, We Have Suspended Your Constitutional Rights
North Carolina town suspends gun rights due to snow storm.
http://www.wxii12.com/news/22487153/detail.html
Wow. Once again. At a time when people would most need firearms, the government limits or restricts access.
Well at least they did not go door to door confiscating them, like they did in Katrina.
http://www.wxii12.com/news/22487153/detail.html
Wow. Once again. At a time when people would most need firearms, the government limits or restricts access.
Well at least they did not go door to door confiscating them, like they did in Katrina.
Thursday, January 21, 2010
Wednesday, January 13, 2010
" All aboard the crazy train" or "Orwellian Nightmare Gone Wild"
Folks, you pick the title. Either one applies, when you read the news on MSNBC that the adminstration's stimulus has 'saved' 2 million jobs.
http://www.msnbc.msn.com/id/34837961/ns/business-economy_at_a_crossroads/
Not only that, but ...brace yourselves....the wizards in the White House may even be underestimating the number of jobs 'created or saved'(whatever that means). Things may be even better in La-La land....
According to MSNBC...(cue the circus music)
"In addition, the White House said 640,000 jobs had been saved or created by direct recipients of stimulus money, implying that this estimate may be on the low side.
Money pumped into the economy can have an amplified impact on hiring that goes beyond the value of its dollar amount because of so-called multipliers that gauge the ripple effect on the economy as the government pumps in money."
Cue the applause...(crickets chirping)
Wow, while you are digesting that, please do not forget that in the 'attempted' 'man-made disaster' on North West flight 253, the DHS 'system worked'. Now back to jobs...
What does a job 'saved or created' actually mean. Is it a real number, is it based on reality? See this link for a nice analysis.
http://online.wsj.com/article/SB124451592762396883.html
Long story short, it is complete speculative BS (Barack Statistics, aka BullS#@t). It is however, brilliant, since it allows the adminstration to deflect any culpability and accountability (eg. "more jobs would have been lost without the stimulus'). So why does this adminstration get away with it in the MSM? Perhaps it is the 'thrill' up the legs of liberal shills like Chris Matthews that stops them from questioning the president?
Or the need to "help this president succeed"
Wow!
At this point, perhaps it is important to consider this little nugget from
George Orwell:
"Whoever controls the past controls the future, and whoever controls the present controls the past."
Let us rewind into the past, long, long ago when life was simpler and hope and change was in the air - one full year ago; when the legs of liberal MSM announcers were full of thrill. The Obama team released the Jan. 9, 2009 report called "The Job Impact of the American Recovery and Reinvestment Plan" where it was projected that the stimulus would keep unemployment below 8%. Huh?
So despite ALL of the money that you spent and all of the jobs that you 'saved and created', we at over 10% unemployment (the low-ball official number).
Mr. President, when we wipe away all of the Orwellian weirdness can you just answer one question: where are the jobs?
http://www.msnbc.msn.com/id/34837961/ns/business-economy_at_a_crossroads/
Not only that, but ...brace yourselves....the wizards in the White House may even be underestimating the number of jobs 'created or saved'(whatever that means). Things may be even better in La-La land....
According to MSNBC...(cue the circus music)
"In addition, the White House said 640,000 jobs had been saved or created by direct recipients of stimulus money, implying that this estimate may be on the low side.
Money pumped into the economy can have an amplified impact on hiring that goes beyond the value of its dollar amount because of so-called multipliers that gauge the ripple effect on the economy as the government pumps in money."
Cue the applause...(crickets chirping)
Wow, while you are digesting that, please do not forget that in the 'attempted' 'man-made disaster' on North West flight 253, the DHS 'system worked'. Now back to jobs...
What does a job 'saved or created' actually mean. Is it a real number, is it based on reality? See this link for a nice analysis.
http://online.wsj.com/article/SB124451592762396883.html
Long story short, it is complete speculative BS (Barack Statistics, aka BullS#@t). It is however, brilliant, since it allows the adminstration to deflect any culpability and accountability (eg. "more jobs would have been lost without the stimulus'). So why does this adminstration get away with it in the MSM? Perhaps it is the 'thrill' up the legs of liberal shills like Chris Matthews that stops them from questioning the president?
Or the need to "help this president succeed"
Wow!
At this point, perhaps it is important to consider this little nugget from
George Orwell:
"Whoever controls the past controls the future, and whoever controls the present controls the past."
Let us rewind into the past, long, long ago when life was simpler and hope and change was in the air - one full year ago; when the legs of liberal MSM announcers were full of thrill. The Obama team released the Jan. 9, 2009 report called "The Job Impact of the American Recovery and Reinvestment Plan" where it was projected that the stimulus would keep unemployment below 8%. Huh?
So despite ALL of the money that you spent and all of the jobs that you 'saved and created', we at over 10% unemployment (the low-ball official number).
Mr. President, when we wipe away all of the Orwellian weirdness can you just answer one question: where are the jobs?
Sunday, January 10, 2010
Flashback: Congressman "We don't talk about these things"... ..hours from the "end of our economic and political system."
I wish every American would watch this clip. This is a classic on CSPAN, just following the bailout. While I appreciate Rep Paul Kanjorski's honesty, how much are we on the hook for now? A lot more than 800 billion he discussed(see previous posts on Freddie/Fannie bailout)! They are looting us to keep their Wallstreet/DC Ponzi scheme afloat-damn these grifters are good.
Thank God they destroyed free-market capitalism and our Republic and saved their idea of the current 'political and economic' system. Exactly what 'economic and political' system privatizes profits and socializes losses? Well at least our children and grandchildren have job security as debt slaves supporting the estates and luxurious lifestyles of looting, corrupt politicians and Wallstreet CEO's!
Thank God they destroyed free-market capitalism and our Republic and saved their idea of the current 'political and economic' system. Exactly what 'economic and political' system privatizes profits and socializes losses? Well at least our children and grandchildren have job security as debt slaves supporting the estates and luxurious lifestyles of looting, corrupt politicians and Wallstreet CEO's!
Saturday, January 9, 2010
Want to starve the Wall Street looters? Here is a good start!
Move your money from a big bank into a community bank.
Merry Christmas Taxpayers you are on the hook for $8.1 Trillion in toxic MBS's. Thank you Mr. Obama!
Check out this article at Michael Pollaro's blog, TrueSlant:
"Fannie and Freddie, another American taxpayer nightmare"
http://trueslant.com/michaelpollaro/2010/01/08/fannie-and-freddie-another-american-taxpayer-nightmare/#more-161
Mr. Pollaro gives a brilliant analysis of the potential liability that the Adminstration's Freddie-Fannie Christmas Scam might create for the US taxpayer. As Mr. Pollaro points out, considering the 2010-2012 ALT-A and Option-ARM reset tsunami, the taxpayer is all but guaranteed to get hosed, and in a major way!
But take heart fellow Americans, we can always print the money and if the rest of the world stops buying our debt, I am sure that the folks in DC will find a way to force someone to buy our Treasuries.
No?....just check out this link, which describe the adminstration's efforts to "promote the conversion of 401(k) savings and Individual Retirement Accounts into annuities"; which appears to be an attempt to by the adminstration to force Americans into Treasuries as an "annuity" to "prevent the collapse of the Treasury market."
http://market-ticker.denninger.net/archives/1830-401kIRA-Screw-Job-Coming.html
My favorite quote fom this article?
"The forced-feeding of banks with fresh capital – whether they want it or not – and the seizure of the Fannie/Freddie mortgage giants before they were in fact in trouble (in order to prevent a Chinese buying strike of US bonds and prevent a spike in US mortgage rates), shows that private property can be co-opted – or eliminated – with little due process if that is required to serve the collective welfare."
(emphasis mine).
This Ponzi scheme just gets better! My God, these DC folks make Madoff look like a piker!
"Fannie and Freddie, another American taxpayer nightmare"
http://trueslant.com/michaelpollaro/2010/01/08/fannie-and-freddie-another-american-taxpayer-nightmare/#more-161
Mr. Pollaro gives a brilliant analysis of the potential liability that the Adminstration's Freddie-Fannie Christmas Scam might create for the US taxpayer. As Mr. Pollaro points out, considering the 2010-2012 ALT-A and Option-ARM reset tsunami, the taxpayer is all but guaranteed to get hosed, and in a major way!
But take heart fellow Americans, we can always print the money and if the rest of the world stops buying our debt, I am sure that the folks in DC will find a way to force someone to buy our Treasuries.
No?....just check out this link, which describe the adminstration's efforts to "promote the conversion of 401(k) savings and Individual Retirement Accounts into annuities"; which appears to be an attempt to by the adminstration to force Americans into Treasuries as an "annuity" to "prevent the collapse of the Treasury market."
http://market-ticker.denninger.net/archives/1830-401kIRA-Screw-Job-Coming.html
My favorite quote fom this article?
"The forced-feeding of banks with fresh capital – whether they want it or not – and the seizure of the Fannie/Freddie mortgage giants before they were in fact in trouble (in order to prevent a Chinese buying strike of US bonds and prevent a spike in US mortgage rates), shows that private property can be co-opted – or eliminated – with little due process if that is required to serve the collective welfare."
(emphasis mine).
This Ponzi scheme just gets better! My God, these DC folks make Madoff look like a piker!
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