Barack Obama, our next President

"The road ahead will be long. Our climb will be steep," Obama cautioned. Young and charismatic but with little experience on the national level, Obama smashed through racial barriers and easily defeated ... Full Story
Yeah

Mililani, HI

#961173 Aug 7, 2013
John Galt wrote:
<quoted text>
Go back to your rathole in Bumpass or Moreno Valley or wherever, you draft-dodging scumbag.
Don't you just hate when the facts don't follow your lead?
Yeah

Mililani, HI

#961174 Aug 7, 2013
Anonymous of Indy wrote:
<quoted text>You are right GW Bush Adminstration did carry on with those HUD policies and the Legislation enacted under Clinton Adminstration and used tax payer dollars too to help low income people to buy houses and why I have said too GW Bush was a Pseudo Liberal within the Republican Party which even Bruce Bartlett confirms that in his Book "How George W. Bush Bankrupt America and betrayed the Reagan Legacy".
Home Ownership and President Bush
http://www.youtube.com/watch?v =QYvtvcBKgIQXX
George Bush: we want everybody in America to own their own home. That's what we want.
http://www.youtube.com/watch...
And they still haven't changed it.

By golly! the banks must really be in the hole now.....

... but hark! they're not.

Apparently, the facts don't match with what you believe should be happening.

I wonder why? I bet it's.... capitalism that was the cause!
Yeah

Mililani, HI

#961175 Aug 7, 2013
lol! Czar Reince Priebus!

I wonder what kind of salute he plans on using?
John Galt

Temecula, CA

#961176 Aug 7, 2013
Anonymous of Indy wrote:
<quoted text>You are right GW Bush Adminstration did carry on with those HUD policies and the Legislation enacted under Clinton Adminstration and used tax payer dollars too to help low income people to buy houses and why I have said too GW Bush was a Pseudo Liberal within the Republican Party which even Bruce Bartlett confirms that in his Book "How George W. Bush Bankrupt America and betrayed the Reagan Legacy".
Home Ownership and President Bush
http://www.youtube.com/watch?v =QYvtvcBKgIQXX
George Bush: we want everybody in America to own their own home. That's what we want.
http://www.youtube.com/watch...
The problem was not solely low income buyers, but others who got caught up in a housing bubble and paid far more than their homes were worth.

No amount of legislation can cure stupidity.
Yeah

Mililani, HI

#961177 Aug 7, 2013
Anonymous of Indy wrote:
<quoted text>You are right GW Bush Adminstration did carry on with those HUD policies and the Legislation enacted under Clinton Adminstration and used tax payer dollars too to help low income people to buy houses and why I have said too GW Bush was a Pseudo Liberal within the Republican Party which even Bruce Bartlett confirms that in his Book "How George W. Bush Bankrupt America and betrayed the Reagan Legacy".
Home Ownership and President Bush
http://www.youtube.com/watch?v =QYvtvcBKgIQXX
George Bush: we want everybody in America to own their own home. That's what we want.
http://www.youtube.com/watch...
Golly. Even with the 'bad law' in place, looks what's happening. I guess the facts don't agree with you....

"
Freddie Mac profit jumps; will pay U.S. Treasury $4.4 billion

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Reuters
Margaret Chadbourn 13 hours ago Budget, Tax & EconomyFinanceFreddie MacFannie MaeInterest rate
File photo shows the headquarters of mortgage lender Freddie Mac in McLean
.

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The headquarters of mortgage lender Freddie Mac is seen in Mclean, Virginia, near Washington, in this

By Margaret Chadbourn

WASHINGTON (Reuters)- Freddie Mac , the U.S.-owned mortgage finance company, on Wednesday said its second-quarter profit surged 65 percent to $5.0 billion, its second largest ever, as rising home prices limited credit losses and it booked big gains on derivatives that benefited from rising interest rates.

That big profit and another like it expected soon from larger sister Fannie Mae are fast becoming the centerpiece of the debate over housing-finance reform, which has languished since taxpayers stepped in to rescue the pair to the tune of nearly $188 billion during the financial crisis....

Freddie Mac, which has operated under federal conservatorship since it was seized in 2008 during the financial crisis, said that based on its net worth of $7.4 billion, it will make a dividend payment of $4.4 billion to the U.S. Treasury as part of the reimbursement for its rescue aid.

Meanwhile, the company continued to hold off on writing up $28.6 billion in tax assets, an accounting move that would dramatically increase its remittance to the Treasury. A determination on when to mark up some or all of the so-called deferred tax assets could occur by year end, the company said.

"If the positive trend in our book and taxable income continues, we may release the valuation allowance in the next two quarters," Freddie Mac Chief Executive Officer Donald Layton said in a conference call.

Fannie Mae has already booked a comparable allowance in the first quarter, triggering a massive dividend to the Treasury of $59.4 billion, most of which was attributable directly to the accounting gain.

For the second quarter, Freddie's net income rose to $5.0 billion from $3.0 billion a year earlier. It was up 9 percent from the first quarter's $4.6 billion, putting the company on track for record annual profitability....

PROFITS FROM HOUSING RECOVERY

The return to profitability of Freddie and Fannie in the last two years has largely occurred on the back of a continuing housing market recovery, marked by rising home prices and falling mortgage delinquencies.

U.S. home prices are rising at the fastest pace since 2006. The S&P/Case Shiller index of property values in May showed home prices racked up a hefty 12.2 percent gain from the year before.

Both Freddie Mac and Fannie Mae are required to pay everything above $3 billion to the Treasury in return for taxpayer aid under existing bailout terms.

The two companies have paid nearly $132 billion in dividend payments. Freddie expects to pay the Treasury the $4.4 billion dividend payment by September, bringing Freddie's total to roughly $41 billion as the amount of dividends it will have paid to the Treasury. The company has drawn $71 billion in federal aid, which leaves taxpayers on the hook for about $30 billion...."
Yeah

Mililani, HI

#961178 Aug 7, 2013
John Galt wrote:
<quoted text>
The problem was not solely low income buyers, but others who got caught up in a housing bubble and paid far more than their homes were worth.
No amount of legislation can cure stupidity.
It's called capitalism.

Since: Aug 13

Kansas City, MO

#961179 Aug 7, 2013
John Galt wrote:
<quoted text>
By the way, the ObamaKKKarre exchange plans are crummy medicine, loaded with third-rate provider networks.
That is, if one cares about quality instead of cost.
What is the source of your last two posts to me?

Since: Aug 11

Location hidden

#961180 Aug 7, 2013
Yeah wrote:
<quoted text>And they still haven't changed it.
By golly! the banks must really be in the hole now.....
... but hark! they're not.
Apparently, the facts don't match with what you believe should be happening.
I wonder why? I bet it's.... capitalism that was the cause!
Socialism was the cause not pure Capitalism which would reject the Government's involvement and now it is harder for low Income people to get mortgages now thanks to Socialism which I told you that the Federal Reserve requested changes to the CRA and again its not pure Capitalism when the Federal Government is allowed to interfere economically that is Socialism and it tells me you are one of those that the Federal Government here in US has believing that American Capitalism is actually pure Capitalism and its not pure Capitalism just Capitalism in name only and just a hybrid form of Socialism as Karl Marxs would call it that mimics certian aspects of pure Capitalism but not true pure Capitalism.

In this article, you'll explore capitalism: its roots, principles and effects, benefits and shortcomings. We'll find out how capitalism compares to the alternative method of doing business. Incidentally, the United States doesn't actually practice capitalism. No one does these days.

In pure capitalism, things like child labor laws, Social Security, anti-discriminatory hiring practices and a minimum wage have no place. Capitalism rejects all government intervention in economic matters.

http://money.howstuffworks.com/capitalism.htm

Since: Aug 11

Location hidden

#961181 Aug 7, 2013
Yeah wrote:
<quoted text>It's called capitalism.
It's called Socialism.
John Galt

Temecula, CA

#961182 Aug 7, 2013
Ilkwas wrote:
<quoted text>
What is the source of your last two posts to me?
Only fools think that they can get something for nothing, like ObamaKKKare.
Yeah

San Jose, CA

#961184 Aug 7, 2013
Anonymous of Indy wrote:
<quoted text>It's called Socialism.
I wonder why Freddie fannie made so much money at then? And the Clinton law is still in place, right?

Hmmmmmmm......

Socialism? I don't think so.....
Yeah

San Jose, CA

#961185 Aug 7, 2013
Anonymous of Indy wrote:
<quoted text>Socialism was the cause not pure Capitalism which would reject the Government's involvement and now it is harder for low Income people to get mortgages now thanks to Socialism which I told you that the Federal Reserve requested changes to the CRA and again its not pure Capitalism when the Federal Government is allowed to interfere economically that is Socialism and it tells me you are one of those that the Federal Government here in US has believing that American Capitalism is actually pure Capitalism and its not pure Capitalism just Capitalism in name only and just a hybrid form of Socialism as Karl Marxs would call it that mimics certian aspects of pure Capitalism but not true pure Capitalism.
In this article, you'll explore capitalism: its roots, principles and effects, benefits and shortcomings. We'll find out how capitalism compares to the alternative method of doing business. Incidentally, the United States doesn't actually practice capitalism. No one does these days.
In pure capitalism, things like child labor laws, Social Security, anti-discriminatory hiring practices and a minimum wage have no place. Capitalism rejects all government intervention in economic matters.
http://money.howstuffworks.com/capitalism.htm
Then you must be saying socialism works....

Since: Aug 11

Location hidden

#961187 Aug 7, 2013
John Galt wrote:
<quoted text>
The problem was not solely low income buyers, but others who got caught up in a housing bubble and paid far more than their homes were worth.
No amount of legislation can cure stupidity.
But that was the purpose of allowing Low Income people to buy house to create demand and drive prices up and once those people's Federal Mortgage Defermants ran out they were forclosed on or they walked away and is what too caused housing prices to tumble besides that is how I found out how this one couple was living in this one house and we knew their jobs that they had there was no way they could afford the house which I couldn't figure out how they were doing it but actually what they were doing was living there for free while their payments were being deferred by the Federal Government and all they were doing was just paying the utilities during the defferment period while living there is what the guy who was there to take the house back told and said alot of them were doing that and the Federal Government was allowing it.

Since: Aug 11

Location hidden

#961188 Aug 7, 2013
Yeah wrote:
<quoted text>I wonder why Freddie fannie made so much money at then? And the Clinton law is still in place, right?
Hmmmmmmm......
Socialism? I don't think so.....
that was a scam, it was Bush that threw the Red Flags up about Freddie Fannie and Barney said there was nothing wrong and Bush was Right, GSE is an example of Socialism.

Democrats were WARNED of Financial crisis and did NOTHING

Since: Aug 11

Location hidden

#961189 Aug 7, 2013
Yeah wrote:
<quoted text>Then you must be saying socialism works....
depends on who's version.
Waxman

Windsor, CT

#961192 Aug 8, 2013
Where's Obama & Sharpton?

"Obmama Ignores 3 Black Teens Beating Up White Teen on Bus"

"Three black 15-year-old boys severely assaulted a 13-year-old white boy allegedly because the white boy had told school authorities that one of the black boys tried to sell him drugs. The fight resulted in the victim having a broken arm and two black eyes."

Barack Obama, our racist President

http://www.usanewsfirst.com/2013/08/07/obmama...
Obskeptic

Royal Oak, MI

#961193 Aug 8, 2013
Yeah wrote:
<quoted text>Then you must be saying socialism works....
Until you run out of other peoples money. We know the free market works, but that system creates very independent citizens, and liberalism doesn't work well for people that don't need them. Thats why the democrats are working so hard to create dependence on an ever growing, gargantuan government.

Since: Oct 08

Location hidden

#961195 Aug 8, 2013
Fenris the Big Bad Wolf wrote:
<quoted text>
Dong is a chubby chinaman, and a helluva cook. He's also more than a little retarded, so please take it easy on him so I can continue to eat ....
I 'feel' so 'solly' for you Fenris? What class do we put him in... Idiot, Imbecile, or Moron? He has to be placed in a higher category than "Obama Money", he can actually put one cognizent thought in a post. After all he voted for, and is supported by Barack Hussein Obama's Giverment??
TheIndependentMa jority

Manchester, KY

#961196 Aug 8, 2013
John Galt wrote:
<quoted text>
Go back to your rathole in Bumpass or Moreno Valley or wherever, you draft-dodging scumbag.
Make he lay he matches down first though-Lake Elsinore is already in bad enough shape!!
Anthony W

New York, NY

#961197 Aug 8, 2013
NJ raider 1 wrote:
<quoted text>This Coming from they who elected both Bush's, the dumbest of the 2 twice! Now those are 2 people to be proud of! Sarcasm!
I agree 100% but my worst fear on the campaign trail other than someone asking me what I sexted today, is someone asking me why Obama is such a failure. I must have that list of students that Obama's handlers pepper the audience with whenever he is about to go off the teleprompter.

We left-wing, ivory-tower, we-know-best elitists HAVE TO praise Obamanomics, but it isn't working. And I'm afraid someone in the audience will shout out what the press doesn't report. Like the following:

First-quarter gross domestic product numbers for 2013 were recently revised -- downward from 1.8 percent to 1.1 percent. For perspective, four years into the recovery from the last deep recession in '81-'82, the economy grew at 4.1 percent.

What about the declining "labor force participation rate"?

This counts the percentage of civilians 16 years and older working or actively looking for work. When President Barack Obama took office, the labor force participation rate was 65.7. Today it is 63.4, up 0.1 from April's 34-year low. Frustrated, many able-bodied and able-minded would-be workers have simply given up looking for jobs.

The number of people receiving federally subsidized food assistance today exceeds the number of full-time, private-sector working Americans. The number of Americans receiving foods stamps (now called SNAP) has reached 47.5 million, increasing an average of 13 percent a year from 2008 to 2012. Almost 9 million disabled American workers currently collect federal Social Security benefits -- double the number of disabled in the late '90s -- many admitting that they could work, but choose not to look.

Just to break even -- to keep pace with new entrants into the market -- the economy must produce 150,000 jobs per month. To date, Obama's four years of recovery have produced 4,657,000 jobs -- an average of 97,020 per month. At this juncture in the '80s, following the last big recession, the economy had produced 11.2 million new jobs, or 233,333 per month.

Even left-wing media outlets like ABC and The Washington Post cannot pretend that this is normal so they have to downplay this and report important things, like say emails about fishing intercepted from the first year Sarah Palin was Governor. About the advance estimate of the most recent quarter's dismal 1.7 percent growth, a Post business writer said: "It isn't even mediocre. It's terrible. It's a sign of the diminished economic expectations ... that it's anything to crow about at all. ABC called this latest report "disappointing." Of course, neither ABC nor The Washington Post attributed the disappointing results to anything President Obama has done.

I can't sleep at night with worry that someone will ask me why Obama and the Democrats are leading the country into a third world abyss and don't care about the middle class, and that's when I cheer myself up with a self photo shoot. Tweet, Tweet.

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