A better idea...

US Treasury launches mortgage modification program 

"The Obama administration on Wednesday launched a $75 billion mortgage modification program aimed at preventing home foreclosures for single-unit home loans up to $729,750.

Unveiling more details of the program, the U.S. Treasury said borrowers would be required to demonstrate financial hardship to their loan servicers, such as a job loss or an imminent payment increase that cannot be met."

Ok where to start with this insanity:

• $729k!!! WTF really?! We are helping people in $700k homes?!
• How exactly do you demonstrate a "financial hardship"?
• Imminent payment increase?

Guess what fockers?! If and when my payment goes up I'm going to pay it because I can afford it becuase I live in an affordable house.... not a house that is $700k!! 

I honestly wouldn't have a problem with this Obama plan if it weren't for the $700k ceiling. Look, a family of 5 that lives in a $200k home and has a layoff of the main income earner probably could use a helping hand, I get that. I'm not happy about it, but I get it. 

But anyone who has risky interest-only loans, balloon mortgage, sub-prime loan on anything over $300k can go fock themselves. You made a bad investment and you obviously can't pay your bills, screw you. 

Here is a better idea:

Let's take all the responsible people, who live in affordable houses who can pay their mortgages but are underwater in their house. If you put a responsible 5% down on your home and over the past year found you home value decrease by more than 5% through no fault of your own, you should be able to renegotiate the loan with the bank since the bank got bailed out. 

That would in effect give responsible people a tax break, a handout, a "gee thanks for not helping to destory our economy"

Then lets look at anyone who has been laid off and lives in an average priced home (I believe the US average is $191k) so lets say $150-$249k ... if we are going to give anyone a break let's start here. 

Obama 'just plain rude' to UK...

PAPER: Obama 'just plain rude' to UK...

Way to go Team Obama!

In less than 2 month you have pissed off England, France, China, Russia, Eastern Europe and Israel all while Venezuela, Syria, Iran and N. Korea still hates us. 

Snub England, start a trade war, alienate the newist Democracies in Eastern Europe, 'bailout' Hamas with $900 million... 

All while giving absolutely ZERO confidence to the country. 

At least Bush only pissed off our enemies... Barack is actually pissing off our allies! 

Did I mention that yet again another one of your cabinet appointees has a tax problem?? 

As the Dow keeps dropping, the President is running out of people to blame

As the Dow keeps dropping, 

the President is running out of people to blame

The Obama Economy 

"It's become clear that Mr. Obama's policies are slowing, if not stopping, what would otherwise be the normal process of economic recovery. From punishing business to squandering scarce national public resources, Team Obama is creating more uncertainty and less confidence -- and thus a longer period of recession or subpar growth."

Global Climate Change = The Weather

Earth's climate continues to confound scientists. Following a 30-year trend of warming, global temperatures have flatlined since 2001 despite rising greenhouse gas concentrations, and a heat surplus that should have cranked up the planetary thermostat.

"The discrepancy gets to the heart of one of the toughest problems in climate science -- identifying the difference between natural variability from human-induced change"

Maybe its tough because there is no difference. 

Obama: Americans Cannot Achieve Success (Especially Black People)

(I had to include a screenshot of the banner ad)

Obama: These are policies that will make a big difference in the African American community. You know that tough times for America often mean tougher times for African Americans. This recession has been no exception. The unemployment rate among black Americans is a full five points higher than the rate among Americans as a whole.

Keep drilling that into their heads Obama. YOU WILL FAIL! YOU CANNOT SUCCEED! ONLY WHITE PEOPLE CAN SUPPORT THEMSELVES! RAAAH! FEAR! DESTRUCTION! CRISIS! CATASTROPHE! AMERICA IS DOOOOOMED!

Mr. Obama also said it would take the “commitment of parents and teachers and community leaders” for the government to succeed.

Whoops. Freudian slip. I'm sure she meant "for the people of America to succeed."


Obama's economic strategy: screw things up worse, cause panic, and encourage people to sit on the sidelines until the government fixes things. It's such a stimulating strategy!

Obama the next JFK? I think not!

JFK: "The world is very different now. For man holds in his mortal hands the power to abolish all forms of human poverty and all forms of human life. And yet the same revolutionary beliefs for which our forebears fought are still at issue around the globe—the belief that the rights of man come not from the generosity of the state, but from the hand of God."

What a difference. Ask not what your country can do for you, but ask what you can do for your country! The rights of man do not come from the state! Man holds the power to abolish all forms of poverty!

That does not sound at all like Mr. Obama 

Obama:

"The question we ask today is not whether our government is too big or too small, but whether it works, whether it helps families find jobs at a decent wage, care they can afford, a retirement that is dignified.

Where the answer is yes, we intend to move forward."

Ask not what you can do for your country (like pay your bills, be responsible, get a job, get good grades or serve your country), ask what your country can do for you (like bailouts, welfare, universal health care, tax rebates when you don't pay taxes)

More good news on the Fairness Doctrine...

Senate Backs Amendment to Prevent 'Fairness Doctrine' Revival

FOXNews - ‎Feb 26, 2009‎

The Senate approved an amendment Thursday that would outlaw the so-called "Fairness Doctrine," an off-the-books policy that once required broadcasters to ...

US Senate backs ban on media 'Fairness Doctrine' Reuters

Senate bars FCC from revisiting Fairness Doctrine The Associated Press

Senate Votes To Ban Fairness Doctrine CBS News