INVESTIGATIONS: Obama squandered taxpayer money to fund his campaign contributors

    Update: Also in reaction to this, shame on obama for using low-income as code word to enrich his friends. As AP investigates a cheap thrill, they forgot to report that Obama’s main fundraisers and advisers were developers that were enriched by Obama’s supposedly “low income” housing policies. These “Redistribution” policies that Obama supports are fronts for “legal” corruption that allows politicians to funnel money to | Read More »

    Democrats Midas Touch

    The truth…the leftists can’t handle the truth. Go to the link below for the truth. http://www.youtube.com/watch?v=1RZVw3no2A4

    Peter Schiff Tells Don Harrold Government Needs to Let Free Market Work

    Peter Schiff, in an interview with Don Harrold, says to resolve the current panic/financial crisis, government needs to get out of the way and let the free market work. See the interview Peter Schiff Tells Don Harrold Government Needs to Let Free Market Work

    The Mechanics of the Paulson Rescue Plan

    Now that we’ve gotten through an ugly spasm of political theater and legislative sausage-making and enacted the Paulson rescue plan, it’s time to ask whether it’s working, and how we’ll be able to tell. As I’ve said before, there are two different crises in the financial world. We have an acute credit crisis that directly affects capital markets and is now in the process of | Read More »

    Bailout Blues

    As I take time from actually accomplishing work to think about the situation I can’t escape the feeling that this is a mistake. I’ve tried to shake it, I’ve tried for weeks. I thought fear would do it, and it came close. I thought research and gaining a better understanding of the problem would do it, and it almost did. However, try as I might, | Read More »

    $700B Boondoggle

    The mess that has produced the current financial crisis has been years in the making. For decades now university propagandists, the media, liberal politicians, social activists, economics professors and even business school titans have turned away from economic reality and to politically-correct sloganeering to cultivate the idea that the private financial system is a tool for social engineering, including a ‘right’ to home ownership. Meanwhile conservatives | Read More »

    Ten dollars an hour

    Ok, so I am flipping thru the channels waiting for the Dallas-Green Bay game to start (Sorry GB – Dallas 27 GB 16)and I hear on CNN some folks talking about how tough it is to pay for their house. The lady says “I had no problem the first year, the 2nd year was tough but now I can’t make it.” Has an ARM. She | Read More »

    A modest proposal for the bailout plan

    Here is the draft of the bailout plan. It gives Henry Paulson absolute, unchecked power to give any banks he chooses good cash for bad assets. Courts are specifically excluded from questioning his almighty will. This amounts to a direct transfer of wealth from Joe Taxpayer to the wealthy Wall Street bankers who got us in this mess — at least to those wealthy Wall | Read More »

    Affordable Housing the Hard Way

    This blog post can also be viewed at the Freedom’s Watch website. Rep. Barney Frank and his Democratic allies in Congress have a long history of claiming that concerns over the soundness of Fannie Mae and Freddie Mac were overblown, as evidenced by this New York Times story from September 2003. “These two entities — Fannie Mae and Freddie Mac — are not facing any | Read More »

    Housing Stimulus

    It the Housing Economy Stupid! More important than an energy plan is a housing plan. This country will not move forward/grow/prosper until the housing market bottoms! an economic stimulus that will turn the housing market could be tax incentives.A short-term reduction in capital gains on real estate would drive the required private money to the market. Baby boomers looking for that secondary /early retirement/FL/AZ home | Read More »

    BHO “accomplishment”

    Why doesn’t the MSM report on this? http://www.youtube.com/watch?v=hP-YoB5mnZs

    Tags:

    McCain’s housing problems and Hillary

    What does the Obama campaign have against strong, independent women? The attack on John McCain for the sin of being married to a business woman who does not consult him in all her real estate dealings is ill timed, hitting the airwaves days before Obama announces he would rather choose a tired Washington hack for his running mate than his party’s second most popular figure. | Read More »

    Housing Crisis…what about PMI?

    PMI is extra insurance that lenders require from most homebuyers who obtain loans that are more than 80 percent of their new home’s value. In other words, buyers with less than a 20 percent down payment are normally required to pay PMI. PMI plays an important role in the mortgage industry by protecting a lender against loss if a borrower defaults on a loan and | Read More »

    Grassley on the Housing Bill

    Senator Grassley recently released a statement about his vote on the housing bill that recently passed congress and was signed by the president. The problem with this massive bill is that it could do more harm than good. It started out to help Americans who are losing their homes, but it ended up giving banks a $4 billion incentive to foreclose rather than work something | Read More »

    Harry Reid’s S.O.S. to K Street

    Hoping to stave off a fight from conservatives on the housing bill, Senate Majority Leader Harry Reid made a direct appeal to K Street lobbyists for help. RedState has obtained a copy of the e-mail from a Reid staffer sent this afternoon. The request to K Street came shortly after Roll Call reported that Sen. Jim DeMint (R-S.C.) would hold up the legislation unless it’s | Read More »