Nearly 3000 community banks (nearly 40% of all banks) at risk.
Coming from Elizabeth Warren Feb report of a congressional oversight panel. http://www.youtube.com/watch?v=VBbsx56cVrI Nearly 3000 banks classified as having high weights of commercial real estate loans. The COP says community banks, rather than large Wall Street institutions, face the greatest risk of insolvency due to mounting commercial real estate loan losses. Forecasts project that banks will suffer their worst losses well after 2010, and well after | Read More »
Obama creates real jobs in IL, or ACORN community organizing coming home to roost?
Great news! There are over 500 real jobs coming to IL, high paying too. Among the vacant positions in Schaumburg: One opening for a training specialist, with a salary of $88,055 to $145,697; a slot for a facilities services assistant, with a salary of $43,396 to $69,061; and three positions for counsels, who will be paid $107,799 to $202,515. Pretty impressive, but wait, there’s more! | Read More »
Photo proof air travel does contribute to global warming data
http://wattsupwiththat.files.wordpress.com/2009/03/rome_italy_airport_weather_station_large2.jpg?w=510&h=267&h=267 Above: Rome’s airport weather station. Here is the interactive view Rome’s airport weather station. Brilliant!
Redstate to the next level: Organization and social network?
Redstate has been a great place to share ideas among fellow conservatives but I suspect many are left a bit empty and frustrated reading about the various problems and not knowing what to do about it. It seems those on the right get all riled up and then yell, go out and do something. Individuals get frustrated being a one man band. The tea parties | Read More »
Yuri Bezmenov on subversion and useful idiots. Conspiracy or human nature?
Yuri Bezmenov (now Tomas Schuman) on subversion and useful idiots. Get on your tinfoil hats for these interesting videos done several years ago by a Russian defector that was involved in propaganda and subversion. In this section he says the James Bond 007 stuff was only a small part of the KGB but 85% was a slow long term process of 4 stages: 1) Demoralization- | Read More »
How you smack down the liberal idiots in the media. Friedman style.
Milton Friedman on Phil Donahue show in 1979. It’s amazing how we repeat history. There is a complete video series on youtube of Friedman on Donahue addressing many issues that are pertinent today. Worthwhile watching. They talk about big oil and windfall profits. Government bailing out a big 3 auto company. Big government spending and money creation leading to inflation. Freedom vs. Fairness Personal responsibility. | Read More »
Obama’s Freudian Slippery Slope of a Tongue and Prompter.
Everyone does it. A few Freudian slips here and there. But the great orator in chief? TOTUS? Commiting them day in and day out, in speech and writing? He is an easy tell. Freud tells us a bit about slips: In the same way that psycho-analysis makes use of dream interpretation, it also profits by the study of the numerous little slips and mistakes which | Read More »
Words matter: Obama knows difference between “speak TO you” and “speak WITH you”
Just catching up on the video of Obama’s photo op with Republicans at the GOP retreat. Obviously the takeaway is that Obama’s intention was to make an artificial attempt of bipartisanship, nothing more. He didn’t even really accomplish that. It was a disengenuous slap in the face from an ever growing insular, arrogant, immature person. Something in Obama’s opening statement something just leaped out and | Read More »
New study: Carbon less impact on global warming than dihydrogen monoxide vapor
A new study authored by Susan Solomon, lead author of the study and a researcher at theNational Oceanic and Atmospheric Administration in Boulder, Colo. could explain why atmospheric carbon is not contributing to warming significantly. According to the study, as carbon levels have risen, the cold air at high altitudes over the tropics has actually grown colder. The lower temperatures at this “coldest point” have | Read More »
A day after becoming a populist fiscal FAUX hawk on freezing 12% of the budget after greatly increasing it, Obama will push high speed rail make-work to be globally cool. Something about high speed rail is cool to liberals for some reason. A DOWN PAYMENT of $8-$13 billion over a few years in 13 different corridors was pledged from the stimulus(gee how much of the | Read More »
James O’Keefe, ACORN buster, arrested in LA
Accused along with 3 others accused of attempting to bug Mary Landrieu’s office. Department of Justice Press Release For Immediate Release January 26, 2010 United States Attorney’s Office Eastern District of Louisiana Contact: (504) 680-3000 Four Men Arrested for Entering Government Property Under False Pretenses for the Purpose of Committing a Felony NEW ORLEANS—JOSEPH BASEL, age 24; ROBERT FLANAGAN, age 24; JAMES O’KEEFE, age 25; | Read More »
Obama fesses up about health care debate on C-SPAN in Sawyer, sorta. interview
Obama did a recent interview with Diane Sawyer as a preview for the SOTU. The headlines you’ll read in the MSM will be, Obama owns up to not putting the debate on C-SPAN, a repeated campaign promise he admits he broke, for good reason, it was an emergency! However, the real insight here is that the back room deals and how Obama thinks healthy | Read More »
Barackcracy and the coming end of the worlds largest Ponzi scheme.
More Czars, more registered lobbyists than ever, more alphabet organizations and plans, more government takeover of private entities, more regulation, legislation, and higher taxation coupled with an aging population with more entitlements, will lead to more crisis governance. Putting out the hottest fire(many times unintended consequences actually throw gasoline) will rule the day. Our government has been kicking the can down the road for | Read More »
A method to his madness, How Obama will draft his army, $103 billion in student loans at a time.
The pieces of the puzzle are being revealed. First, nationalize student loans, (to the tune of $103 Billion this year) put a hurting on private sector, eliminate choice, and those left with well paid lobbyists like Sallie Mae, give them servicing contracts. A bill passed the house already on a party line vote. Obama to Nationalize Student Lending with Pending Budget Bill Wednesday, January 20, | Read More »
Obama running for cover on deficit
Whenever the President needs to buy time and some cover, they call for a “bipartisan commission”. Coming right up! Seriously, does anyone not roll their eyes or throw up a little in their mouth when they hear the word “bipartisan” from our elected elites in DC? Obama is looking to rope in Republicans to share the blame in a “bipartisan” way after his | Read More »
Obama on yr 1: “We lost touch” = People are dumb
When Obama wants your opinion, he’ll give it to you. Learned nothing from the MA Sen election win by Brown, Obama is resolute as ever and vows to start giving us our opinions. Excerpts from a recent interview with George Stephanopolous has Obama (“Unruffled, the President was not in apology-mode.”) rethinking all that policy making w/out more face time explaining why it is good for | Read More »
Despite the outcome of today’s election (hopefully a Brown win against all odds), there seems to be an awakening of America in a short period of time and we are finding it only takes a few events to have ongoing ripple effects. Once you stand for something and head down the right path, many good things can happen in a hurry. The early success of | Read More »
Brown better play hard ’til the whistle blows.
As I am reading more and more stories about Brown’s lead and good chances to win I just can’t help but be cautious. Especially the defeatist talk by rabid lefties in the media calling the race for Brown. It is surely good news but should not cause Brown and his supporters to let up at the goal line and take a knee to let | Read More »
I’m not gonna fall for the banana in my tailpipe, again.
From funny Eddy Murphy movies to Lucy pulling the football away from Charlie Brown time and time again. Are we going to fall for the Obamacare in our tailpipe again like SS? For a glimpse into the future of Obamacare, try reading any article or blog on the challenges, crises of SS and substitute “obamacare” every time you see “social security”. Increased costs, higher taxes, | Read More »
Obama wants your 401(k)
There are intiatives floating around that will explore how the government can tinker with your 401(k), like a great white shark circling, bumping, testing ever so quietly. One initiative to suck more money from you is a requirement to convert some portion of your 401(k) to an annuity at some point (like annuities sold by AIG and to prop up the treasury market). There is “a tremendous amount of | Read More »