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Sit tight. Housing bailout’s coming.

U.S. Senate Majority Leader Harry Reid insists that it wasn’t an April Fool’s joke.

Too bad. It should have been.

The proposed plan of action to bail out lenders and homeowners at risk of foreclosure announced on April Fool’s Day proves two things. One is that when a sufficient number of voters engage in irresponsible behavior — buying homes they can’t afford and agreeing to high-risk adjustable rate mortgages — some government will bail them out. The second thing it proves is that in an election year, incumbent politicians will quickly and gladly spend your money to preserve their incumbency. That’s what the word “bipartisan” often means — as in “casting aside partisan differences, Senate Democratic and Republican leaders…” propose a bailout.

The bailout package will spend $200 million of public money to counsel homeowers at risk of foreclosure.

It will authorize $10 billion in tax-exempt bonds for local housing authorities to refinance subprime loans and $4 billion to local governments to buy foreclosed properties.

It will pick up a version of a proposal by Georgia’s Johnny Isakson, with a $15,000 tax credit for purchasers of foreclosed homes or new homes that have not sold.

Too, committees are working on plans to allow the Federal Housing Administration to insure $300 to $400 billion in additional mortgages.

With the $168 billion economic stimulus package that will send government checks of $600 to $1,200 to 130 million households approved earlier, no voter should have any reason to vote against any incumbent at the federal level. Unless, of course, the voter actually pays taxes.

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Comments

By GayGreyGeek

April 2, 2008 9:36 AM | Link to this

Well, gee, Jim, of course helping The Little People is quite A Bad Thing - it takes away money that could go toward bailing out Big Bidnesses like, say, Bear Stearns.

Whadda hypocrite…

By jbmlaw

April 2, 2008 9:37 AM | Link to this

Good morning all. There is no problem with mortgages that Congress cannot make worse. Instead of spending $200 million on counseling, send me $100 million and I’ll give the deadbeats the two words of counseling necessary to cure the problem (“Get out.”) Isn’t this all amazingly stupid: we have a problem that arose from improvident lending, so we are now going to finance government efforts to make more loans on the same collateral to the same people, and the only difference now is that they are further behind? FHA does not lack funds to lend, it’s just that their standards were too high; I’ll bet FHA will liberalize standards, to facilitate more sub-prime lending. For benefit of anyone who thinks Congress may have a good idea or two here, here is a useful piece published yesterday: http://online.wsj.com/article/SB120701058752178921.html?mod=opinionmainreviewandoutlooks

By Redneck Convert

April 2, 2008 9:39 AM | Link to this

Well, you can just kick me if I ever check in to a hospitle. Last week I read about the woman that went in for a leg operation and woke up with a new bung-hole. And today I read about a woman that went in to get some wrinkles out of her skin and woke up with a new set of breasts. You just can’t trust these Drs. They are so busy making money hand over fist they just run a assembly line and you can’t hardly know weather they will get you mixed up with somebody else. I would hate to go in for a operation on my piles and wake up as a girl. There ought to be a law.

Anyhow, people that buy too much trailer for their wallet shouldn’t get helped out. And the same goes for the bankers that give them the money to do it. Us Southreners always got the same answer for this kind of thing: Personal Responsibility. If you get into money trouble its because you didn’t take Personal Responsibility. And if you get cancer and lose your home its because you didn’t take Personal Responsibility. So the guvmint ought to just butt out of the housing problem. Don’t go using my tax money to help people that didn’t take Personal Responsibility to keep their home. I guess its OK to throw a few billion in to help a big bank because we need it in the Free Innerprize system.

I’m with jbmlaw and Sister Dusty and all the other godly conservatives on this blog. We live in a kind of jungle here and it ain’t peoples jobs to help out people that didn’t take Personal Responsibility. Its every man or woman for hisself or herself. Far as we’re concerned, we got the money and you don’t so good luck with living on the street. If you need help, well, that’s what churches are for. The guvment ought to perteck our money from getting stole and that’s about it.

And have a good day everybody.

By ray

April 2, 2008 9:42 AM | Link to this

I agree with Mr. Wooten. There is nuthin’ funnier than watching folks get tossed out of their houses. Especially the looks on their kids’ faces when they realize their parents are a couple of dummies.

By BadOleBoys

April 2, 2008 9:48 AM | Link to this

Jim is so far out in right field on this one that they had to extend it to the far side. You are such the comic, Jim.

By RCH

April 2, 2008 9:49 AM | Link to this

Here we go again. Rewarding those who make bad choices and then expect the Government( We the taxpayer) to bail them out. Let them lose their homes and move into something they can really afford. Home ownership has its rewards but also its responsibilities.

I remember pressure being put on the mortgage industry to accept these sub-prime loans, ( 80% of the applications were falsified) and after seeing the potential profit that industry gladly accepted this dirty paper.Now we have to pay. Why?

Most of the apartment dwellers who purchased their first homes did not realize that the mortgage on their new home was only a small fraction of the cost of ownership. Taxes, water,sewer, garbage, etc. are all embedded costs in their rent, it is not included in their mortgage. Most of them found this out to late. So be it.

What’s next? Car payments? I saw a nice little Citation 500 on sale for 4.5 million. Shall I purchase it and when it gets to expensive to maintain turn to you?

By Redneck Convert

April 2, 2008 9:51 AM | Link to this

Oh yeah, one more thing..

If I wanna buy a volvo s80 on my 3.23 an hour salary, so be it. Those libruls ought to pay for it.

That commershal told me it was only $99 a month with nothin down.

I don’t remember signin no contracts and I can’t read anyway.

By GayGreyGeek

April 2, 2008 9:53 AM | Link to this

RCH - soooooo, we can take it that you’re dead-set against the Bear Stearns bailout as well? Or was that one just hunky-dory A-OK because it was a Big Bidness being bailed out, rather than Those People?

By Redneck Convert

April 2, 2008 10:00 AM | Link to this

Don’t even get me started on renters inshurance.

Make the libruls pay for it.

Why should I have to spend $100 a year on inshurance when I could buy a few beers and cigarettes?

Let the libruls pay for it.

By ron

April 2, 2008 10:06 AM | Link to this

Good morning Jim,Looking at the sheer volume of foreclosures leads me to believe that a lot of lying took place here.On both sides.Perhaps it would be best to sort through each case and decide which side was really at fault.I’m sure that some borrowers lied about their income,but banks should be smart enough to verify income statements.A simple,” you don’t qualify for the loan,” is usually sufficient.On the other side,business practices of some lenders are being investigated.They won’t be exonerated.In the meantime,people are losing their homes and I don’t believe it is the borrowers fault in all cases.

By Dennis

April 2, 2008 10:06 AM | Link to this

Mr. Wooten writes, “With the $168 billion economic stimulus package that will send government checks of $600 to $1,200 to 130 million households approved earlier, no voter should have any reason to vote against any incumbent at the federal level. Unless, of course, the voter actually pays taxes.”

Perhaps I’m wrong, Mr. Wooten, and I am willing to be corrected if I am. But most of what you have said seems to me to be more of a complaint about the homeowners who bought more than they could pay for.

True, you give a brief nod about the responsibility of the mortgage corporations, but are they not the manipulators of this mess as much or more than most of the homeowners? After all, it is the mortgage industry that created these schemes to get homebuyers to act irresponsibly.

And it is the mortgage industry that employes lobbyst to lobby for loophole laws to make these schemes possible.

Come on and admit it, this bailout for the “homeowner” is a cover for the bailout of the mortgage industry.

You further write, “The second thing it proves is that in an election year, incumbent politicians will quickly and gladly spend your money to preserve their incumbency.”

The “incumbents” did the same thing for the same reasons when they voted for the Iraq war.

This country is bankrupt because of this war and the time will come, and it IS coming, when the American dollar will be worthless outside of the US because of the costs of this war and the huge tax breaks to corporations during the earlier Bush years that were supposed to “stimulate the economy” and prevent the current “unstimulus”.

Funny thing about those tax breaks; I can’t recall a single suporter of those tax breaks, including you, to comment on why they FAILED to stimulate the economy.

You don’t have to be a blind conservative not to see it, just an ignorant one to deny it.

By Dusty

April 2, 2008 10:10 AM | Link to this

If I may improvise a bit:

Ol’ Mother Hubbard went to her cupboard

To check on her mortgage fine.

But what she found there was her cupboard bare

And her mortgage zoomed in design.

So she went to the gov’ment with a long loud lament

And the gov’ment said.. OK!

Don’t worry, honey, we’ve got taxpayer money

Go happily on your way.

So Ol’ Mother Hubbard restocked her cupboard

While taxpayers paid the bill.

Which all goes to show, if you can’t get up and go

Let taxpayers cure your “ill”….

By jbmlaw

April 2, 2008 10:13 AM | Link to this

Dear GGG @ 9:53, you evidently know something I don’t. In Bear Stearns, the shareholders were effectively wiped out, the employees lost their jobs, the officers and directors will be sued for their actions – exactly WHO was “bailed out?” I admit that I have some qualms about the Fed using its role as “lender of last recourse” to unwind the various and unwise hedges and derivatives that arose as a direct result of Basel, but isn’t it a fact that the only entities “bailed out” are those “small” customers at Bear Stearns who relied on the honesty of the sellers?

By getalife

April 2, 2008 10:15 AM | Link to this

Jim fails to mention the bail out of Bearns and Sterns with corporate welfare of 200 billion of your money and the CEO walked away with 63 million.

Jim thinks corporate welfare is great but screw the American people.

This mindset is the gop. If you disagree with corporate welfare, outrageous gas prices and corporate government, vote Dem.

You get what you vote for.

By jbmlaw

April 2, 2008 10:20 AM | Link to this

Dear Dennis @ 10:06, you are almost right in your view of the incentives, but you lack the causation perspective. Section 8 of RESPA – from 1975 – set penalties so high that all well-capitalized and honest lenders (banks) had to leave the industry, leaving it to those borderline criminal “mortgage bankers” (people who would not know banking from baseball.) But for Congressional action, the good and decent banks would still have been writing the mortgages, and subprime customers would never have been put into homes. I cannot wait to hear a leftist advocate for a system that will ensure that lenders do not lend to subprime customers. (And it would be dishonest for me to fail to acknowledge what our friend DeeGee has been arguing for a couple of years, that the Fed’s near-criminal easy money policy had effects far beyond the erosion of value of the dollar. Too much liquidity chasing too few investment quality investments.)

By GayGreyGeek

April 2, 2008 10:23 AM | Link to this

jbmlaw - Sooooo…”personal responsibility” applies ONLY to Those People, but in no way applies when the Fed steps in to bail out Big Bidness? Gotcha.

By RCH

April 2, 2008 10:30 AM | Link to this

jbmlaw

Beat me to the punch,but it was a knockout!

By GayGreyGeek

April 2, 2008 10:45 AM | Link to this

Dusty - I’m sorry that you and your fuhrere have decided that Folks Like Me are disallowed form serving our country, but since you’re not restricted in any way, don’t you have a recruiting office to visit? Or do you refuse to serve your country as a batallion cheerleader? WHY DO YOU HATE AMERICA?

By Peter

April 2, 2008 10:54 AM | Link to this

HA HA HA Dusty is soooooo funny today….

Well Dusty looks like the FAILED Bush agenda has lead the government to get MORE involved with all kinds of stuff you WRONGS have been saying they should NOT be involved with.

The Economy is now a train wreck, and the government is going to BAIL OUT the Mortgage industry, and the Financial industry.

So as we see the WRONGS are ONLY for BIG Business, and not the small guy, with exception to when they loose their houses.

I see the WRONGS getting crushed in the coming election, as Americans who LOVE their country…. WILL vote for a change in leadership…..as we have had Zero leadership for the last 8 or so years.

Bush did such a great job…… he bilked the American Treasury, created a huge deficit, got HIS family and friends Rich with high Gas prices, allowed corporate America to cut jobs, while paying themselves unreasonable amounts of money, and created a MADE UP WAR!

Ken Lay was his buddy, is there anything more to say….?????

Yes two more things…… He never went after Bin Laden, family interests there……..and they also closed the doors on America while the VP Dick Dark Vader met with the energy executives ( including Ken Lay ) to “Create Energy Policy” for all the American people….. then refused to let the American People actually know what happened in those meetings!

We know today, it was all part of the current Gas price gouge we have today !

Funny Bush was Booed at the Washington Nationals Home opener…..Makes you realize that MOST Americans have had it with the Wrongs this administration has created !

By getalife

April 2, 2008 10:56 AM | Link to this

Personal responsibility?

w chose to waste a trillion in Iraq for Iraqi welfare, the fed chose to bail out Wall Street, dick chose high energy prices, w chose to govern for the elite, w chose to give away your jobs, etc…

And you give them a free pass with no accountability.

That argument is bs and you know it.

STFU with your personal responsibility.

Morons.

By Matt

April 2, 2008 10:57 AM | Link to this

Just a couple of questions, Does anyone know at which rate capital gains are taxed? Rate at which Corporations are taxed?

Next question, how does this compare to Europe?

By ron

April 2, 2008 11:06 AM | Link to this

Bear Stearns directors are selling their shares of stock at a loss.Yesterday one sold 125,000 shares at $10.67.Hardly a punishment.Bear Stearns is trading at $10.92.As I understand it,we the people now own all of Bear Stearns bad paper.

By Yeah

April 2, 2008 11:07 AM | Link to this

It is suspicious how all the right wingers here are quiet about the Bear Stearns bailout.

By John

April 2, 2008 11:12 AM | Link to this

My wife and I, like most responsible homeowners, elected a fixed rate mortgage at a higher interest rate that we could afford. With these bailouts, Congress is rewarding the shortsighted borrowers who took out adjustable rate mortgages thatthey had to know they couldnt afford when those payments went out.

Every borrower and every lender in the ARM situations and refinancings knew what they were getting into at the time they made the deal. Let them live with the consequences.

By GayGreyGeek

April 2, 2008 11:14 AM | Link to this

getalife - You forget, in a WootenWorld made up of jbmlawLand and DustBusterSquare and populated by Paleocons, it was Duh-bya’s “Personal Responsiblity” to make sure that they received all the money. Also, that Those People not only got nothing, but that they get nothing, and be told that it’s Those People’s “Personal Responsibility” that created this whole mess to begin with.

If you hadn’t noticed, in WootenWorld circular “logic” always brings us full circle.

By Dusty

April 2, 2008 11:26 AM | Link to this

GGG@10:45

Ohh..I have good news for you. I know how much you want to serve in the military. The UK welcomes you to their military. The French welcome you. YOU can be a Legionaire and fight for the free world. Go for it, buddy!! You’ll be the greatest soldier since RinTinTin!!!

Peter@10:54

Why don’t you go with GGG and find a happier place. I know that this Democratic led Congress has put you on edge. I mean…all those promises about fixing things and nothing done.

I’m sorry you are so down and out and neglected. Maybe the GOVERNMENT can help you.

And, goodness, do keep a poll on how many ‘boos’ Bush got at a ball game. I mean there must have been 4 or 5 rude libs there, sure sign that everything Bush did to protect and keep freedom was ALL wrong.

Yes, sir, Peter, you surely do see the whole picture.

By My Stupid America

April 2, 2008 11:28 AM | Link to this

The average homeowner will stick the entire value of his ‘economic stimulus check’ into his gas tank by the end of June this year.

Chuckie Cheese has a better manager than the United States of America.

By GayGreyGeek

April 2, 2008 11:30 AM | Link to this

DustBuster - but I need to fight for MY country. Which you can do, immediately, today. Why aren’t you enlisting instead of blogging, DustBuster? WHY DO YOU HATE AMERICA, DUSTY?

By Dusty

April 2, 2008 11:43 AM | Link to this

GGG@11:30

Oh my… EXCUSES! EXCUSES! EXCUSES!

I thought you wanted to be a soldier but you only wanted to COMPLAIN! I’d have never guessed it. You don’t really WANT to serve in the military….This is a sad day…..

By Jim Jones

April 2, 2008 11:44 AM | Link to this

Mr. Wooten, once again you just don’t get it or just can’t see it. While it is true that some people will get to stay in houses that they probably should never have been in to start with. What is happening here is not a bailout for them. It is corporate welfare of the highest order. Their benefits from these policies are merely an unintended consequence of the process needed to sell this to the American tax payer. It is election year tactics, but it’s intent isn’t to get votes. It’s to get money, donations, moohlah, the mother’s milk of politics. If these people don’t even pay taxes as you infer; they probably don’t vote. I can assure you however, that all the banks, mortgage lenders, investment houses, builders, real estate brokers and Wall Streeters that will benefit the most from these policies all make contributions to political campaigns on the national level. We have the best government that money can buy and we deserve it!

By jbmlaw

April 2, 2008 11:49 AM | Link to this

I am encouraged to see that none of our leftists are willing to support any of the specific proposals of Congress. (Except our friend GGG, who wants some compassionate bailout for the poor people who did not understand that “adjustable rate mortgage” meant the rate could go up as well as go down.) And nobody disagreed with Jim Wooten’s assertion of the economic worthlessness of the $600/$1200 tax rebate. Perhaps economic literacy is climbing on this blog. Next we’ll work on the likely economic effects of imposing the world’s largest tax increase on a slowing economy; tough one for our leftist friends to grasp, but, like Obama, I believe in hope.

By jbmlaw

April 2, 2008 11:51 AM | Link to this

Dear Jim @ 11:44, you hit the nail on the head. If anyone bothered to look at who receives all of the political donations from mortgage bankers and attorneys, they would understand the Congressional interest in bailing out that industry of snakes.

By Yeah

April 2, 2008 11:52 AM | Link to this

I am still waiting on a right winger to defend the Bear Stearns bailout.

By GayGreyGeek

April 2, 2008 11:54 AM | Link to this

DustBuster - I’m sorry you’re incapable of reading American English. I’d love to serve my country, but you and your fuhrer have decided I’m not allowed to do so. However, you can start today. Why aren’t you enlisting, DustBuster? WHY DO YOU HATE AMERICA, DUSTY?

By D

April 2, 2008 11:59 AM | Link to this

As a renter that has been trying to do the right and responsible thing, I find this very troubling. I have been reducing my debt and building up a down payment so I would be in a proper financial state to own a home. So many of ny friends were like, “whatever the market is hot jump in now” and I am patiently waiting unti I can afford what I want. Therefore, I have a real problem with the federal government using my tax money to bail out a person that acted irresponsibly. What kind of justice is that?

By D

April 2, 2008 12:02 PM | Link to this

As a renter that has been trying to do the right and responsible thing, I find this very troubling. I have been reducing my debt and building up a down payment so I would be in a proper financial state to own a home. So many of ny friends were like, “whatever the market is hot jump in now” and I am patiently waiting unti I can afford what I want. Therefore, I have a real problem with the federal government using my tax money to bail out a person that acted irresponsibly. What kind of justice is that?

By Butcher

April 2, 2008 12:03 PM | Link to this

Most Americans cant read the legalese in a mortgage contract. Look at the 19th century contracts that slave owners signed when they bought their slaves. Slaves were as conversant in those contracts as John Doe is today in mortgage contracts. The precedent guiding all contract law in the USA, including federal oversight, is grounded in laws of servitude and the binding auctions which rung ‘em up, and brung ‘em in.

Jbmlaw can shove Section 8, of RESPA where the sun dont shine. I defy any of you Clarence Darrow uber-shysters to blog a brief about the implied socialism inherent in the hybrid exception of subsidized remedies for violations of contract law, (upon which our government relied when they bailed out Bear Stearns), employed by the entrenched oversight institutions being wagged so voraciously by Wallstreet.

If you can get through that last sentence, you’re good.

By Dennis

April 2, 2008 12:05 PM | Link to this

By jbmlaw April 2, 2008 10:20 AM “Dear Dennis @ 10:06, you are almost right in your view of the incentives, but you lack the causation perspective. Section 8 of RESPA – from 1975 – set penalties so high that all well-capitalized and honest lenders (banks) had to leave the industry, leaving it to those borderline criminal “mortgage bankers” (people who would not know banking from baseball.)”

Not knowing any better, I will accept your perspective on this.

I also agree with By RCH April 2, 2008 9:49 AM “I remember pressure being put on the mortgage industry to accept these sub-prime loans….”

If I recall correctly, this was to encourage minority homeownership, which needed to be encouraged and did need government financial aide.

It is my experience that many minorities with reasonably paying jobs did very well, and in fact not a few of them own a better home than I do.

I recall a government program where a low income person could buy a house for $500.00 down and the government would subsidize the monthly payments. (Unfortunately, I made too much money).

What I experienced with a lot of these folks was that they didn’t even realize they owned their housem and now, most of those places are slums. As RCH said, “Most of the apartment dwellers who purchased their first homes did not realize that the mortgage on their new home was only a small fraction of the cost of ownership. Taxes, water,sewer, garbage, etc. are all embedded costs in their rent, it is not included in their mortgage. Most of them found this out to late. So be it.”

I have a “daughter” who is a social worker for a school district. She is required to visit some of these slum/dysfunctional homes. When she began the job she was as sensitive and supportive of minorities as one could get. But now, seeing how some of them are ripping off the system, she’s becoming a litttle hard hearted.

There are still others, though, who are honest, hardworking, two job people who are deserving of support. These are the ones I continue to support who, at the end of their working days, deserve a livable piece of the American pie via social security and medical benefits.

They contributed their part to the “welfare” of this country.

You don’t have to be a blind conservative not to see it, just an ignorant one to deny it.

By GayGreyGeek

April 2, 2008 12:05 PM | Link to this

jbmlaw - Nope, all I’m wanting is the same sauce for the gander that was sauce for the Bear Stearns Goose.

If the gubmint is going to bail out Big Bidness it ought to bail out those who depended on Big Bidness. If the gubmint is going to insist that The Little People can fend for themselves, then the gubmint should also let the Bear Stearns’s of the world fend for themselves.

One standard, for all. Not, as you and your fellow paleocons have pushed for the past 8 years, one standard for Rich Folks and another one for Those People.

By Dusty

April 2, 2008 12:11 PM | Link to this

GGG@11:54

Now, now, relax. We know you REALLY REALLY want to fight for this country.

My father, husband and son all say it is no “walk in the park” getting shot at and blown up but they were born free and wanted to keep it that way. So they served. (Now don’t forget. The free world wants YOU!)

The recruitment officer said they could not take ME because all the slots for Generals were filled. What a disappointment! We all suffer, don’t we??

By Jackie

April 2, 2008 12:11 PM | Link to this

The neocons spout about personal responsbility and free-markets, yet, when Bear Sterns, Chase and others get to a point of insolvency, they jump up and say spend tax money on private business; provide further fiscal stimulus to move the free-market economy; propose rules that will allow the Federal Reserve - a quasi-government consortium of bank lobbyist that control our money supply and is effectively given 1% of all money printed - more control.

Do the neocons have moral outrage for these risk factor coverages of private industries by the people’s? government(money)

By GayGreyGeek

April 2, 2008 12:15 PM | Link to this

DustBuster - so it’s actually YOU who are too cowardly to fight for your country? Gotcha! You’ll send Those People to fight, but you’ll refuse to do it yourself?

WHY DO YOU HATE AMERICA, DUSTY?

By Dusty

April 2, 2008 12:16 PM | Link to this

Butcher@12:03

There hasn’t been a slave contract in over 150 years. Aren’t you a bit behind? Public education has been in effect almost as long. You skip over everything but long sentences, show off!!

By Jackie

April 2, 2008 12:21 PM | Link to this

@GGG,

Dusty offered a her view of the Civil War and made glorious assertions of how all able-bodied men of the South fought for states rights and personal freedom.

Here is a link that supports the the highly stylized points made about the “noble Southern cause” was nowhere near what has been potrayed.

http://www.fpri.org/footnotes/1213.200706.grimsley.socialdimensionscivilwar.html

By Peter

April 2, 2008 12:31 PM | Link to this

Thank you Dusty……”Yes, sir, Peter, you surely do see the whole picture.”

I do see the whole picture…….!!!

“SO do MOST Americans today !

And if AMERICA under Bush is doing SO GREAT…. Why would Jim Whooten use the title on today’s Blog ?

“Sit tight. Housing bailout’s coming.”

What else will the government be bailing out? And where will that money come from ?

Gotta clue Dusty ????? I don’t think so……lemmings are not leaders or visionaries !

By Dusty

April 2, 2008 12:33 PM | Link to this

Sorry, GGG, thee protest too loudly about NOT serving and calling the Commander-in-Chief a fuhrer(11:54).

My father, husband and son all volunteered to serve in the military. They are special just like the military who serve and protect us now. They don’t go around making a big deal out of it either. Duty, my friend, duty!!!

By getalife

April 2, 2008 12:35 PM | Link to this

Do some research on cons and you will see they wanted to side with the British against the revolution.

It goes downhill from there. They have been dead wrong and on the wrong side of every major issue in this country.

Never for the people, always with the establishment.

By I feel your payne

April 2, 2008 12:36 PM | Link to this

“Do the neocons have moral outrage for these risk factor coverages of private industries by the people’s? government(money)”—Jackie

I can’t speak for others, but I sure do. I also have outrage for liberal democrats who coerced and lobbied finance companies to lower credit standards and down payment qualifications just so their beloved less fortunate can have a shot at home ownership. Then of course, there is the outrage at the losers (probably Democrat constituents) who lied on their loan applications, purchased more home than they could afford based primarily upon initial low ARM rates, and other various shenanigans.

But we also have to keep in mind we have fourteen months of said Democrats who have done nothing to curtail oil prices as promised in 2006.

In any event, if anyone can afford it, now is the time to buy a home in foreclosure. Take advantage of someone else’s sorry decision and make money off it long term! Cry me tears, bedwetters.

On another topic, the Democrat-led Congress is hammering big oil again. Why? Their profit margin is lower than ANY bank in the US, lower than Wal Mart, and lower than your local Quick Trip store. Why not have some time wasting, taxpayer dollar wasting investigation of those institutions? WHY didn’t those same clowns investigate why new home prices skyrocketed in the 1990s up to a few years ago? Of course. Most people are too stupid and uneducated to worry or even comprehend about those things - oil is much simpler to understand and get hysterical over because everyone is involved with it directly or indirectly.

By GayGreyGeek

April 2, 2008 12:42 PM | Link to this

DustBuster - then why aren’t YOU doing your Duty and serving? Why are you being a coward and refusing to enlist?

WHY DO YOU HATE AMERICA, DUSTY?

By Dusty

April 2, 2008 12:51 PM | Link to this

Well, now, Jackie has given us a five minute link on the Civil War, a propaganda piece which (as usual) wants to tell us the slanted “northern viewpoint” on the South where all the fighting and destruction took place. Of course it includes how rotten and wrong were all Southerners.

Jackie can’t even get the Iraqi war facts straight much less a war that happened 150 years ago. C’est la vie!! There are never two “sides” for a brainwashed liberal.

And now, getalife, who served in the Revolutionary War, wants to give us the low down about it all. Libs!! They love playing Blind Man’s Bluff…

By munchkin

April 2, 2008 12:54 PM | Link to this

Dusty…Do you sport a moustache? You sound oh sooo Manly man. By the way John McCain did not graduate from West Point as you stated a few days ago. Let me give you a clue…He was in the Navy!

By getalife

April 2, 2008 1:03 PM | Link to this

crusty,

You lost all those wars you mentioned. You were on the losing side in all three because cons are losers.

Admit it troll.

By jeffrey

April 2, 2008 1:08 PM | Link to this

Use your brains, you dummies!

If the Fed Govt sells $10 billion in bonds to refinance subprime loans, then who is getting bailed out? Here’s a clue - REFINANCE means the original crappy mortgage gets paid off. So who gets the bailout? The Borrowers? Or the Lenders?

If the Fed Govt ponies up $4 billion to local governments to buy foreclosed properties, who’s getting bailed out? Hint: The properties are FORECLOSED, meaning the Lenders own them. So, again, who’s getting bailed out?

Y’all get bamboozled everyday, and you dont even know it.

By George Washington

April 2, 2008 1:09 PM | Link to this

Oh good, my house is paid off and has been for many years, but if there is going to be a bailout, I am going out to get a home equity loan…I want half of my loan forgiven just like the dead beats out there…

By PudHead

April 2, 2008 1:10 PM | Link to this

I am still waiting for the Technology bail out, where was it when I was looking for work?

By Dusty

April 2, 2008 1:16 PM | Link to this

I hate America because I am a short fat ugly woman, OK OK OK!

By Dusty

April 2, 2008 1:20 PM | Link to this

OHHH, PHOOEY. ID THIEF at 1:16 Waaaaaaaaaaaaaaah!

By Dusty

April 2, 2008 1:27 PM | Link to this

DOUBLE DUTCH DOO DOO. ANOTHER ID THIEF at 1:30. Not Dusty. Use you own IDs you libs. And support our troops.

By getalife

April 2, 2008 1:32 PM | Link to this

Yet, Americans will still vote gop and for corporate welfare. Then they spew about personal responsiblity but always give their party a free pass for everything.

Since the start of this country, cons have always chose the establishment over the people.

Their history is amazing.

There is something in their minds that disconnect right from wrong.

They should be forever in the minority or ban the gop.

By Dusty's mama

April 2, 2008 1:33 PM | Link to this

Dadburn it to heck. All you frog-knockin’ meanies needs to quit a-pickin’ on my poor l’il ol’ gal, or I’ll … wait a minute … Hey mister! You got girlfriend in town? Me wants to party.

By oneladybugmom

April 2, 2008 1:38 PM | Link to this

Here is my question: I PAY MY BILLS AND VERY WELL AHEAD OF SCHEDULE! WHERE THE HELL IS MY REWARD FOR DOING RIGHT! FOR ALL OF YOU IN TROUBLE, I HOPE YOU LOSE IT ALL, YOU ASKED FOR IT AND YOU DESERVE IT! NOW WHINE ABOUT THAT AND I WILL SEND YOU TO WISCONSIN TO GET SOME CHEESE!

By Butcher

April 2, 2008 1:39 PM | Link to this

CNN just reported that Hillary Clinton gave a speech today to a rotary club in Philadelphia where she insisted again that she is the best person to answer the red phone at 3AM by recounting her 1996 visit to an elementary school in Philadelphia that had third graders, “We walked quickly down the halls of that school, third graders were everywhere and at one point I was practically surrounded by them as they came out of their classrooms for recess. I kept my head down, and made my own way through them to the principle’s office where no other incidents occurred. I didn’t panic, and handled the situation with skill.”

By GayGreyGeek

April 2, 2008 1:42 PM | Link to this

getalife - Remember, the Big Con Duh-Bya claimed that the voices in his head were “God speaking to him” and that’s why Duh-Bya “knew” things like Iraq had WMDs, Brownie did a heckuva job, that we reached “Mission Accomplished” several years ago, etc., etc., etc.

Then we have the talk-only Paelocons like the DustBuster who’s too cowardly to enlist and actually support her country, and the Esquire who never met a corporate bail-out that he didn’t like, all drinking the WootenKoolAid just like if the Varsity declared “Free F.O. Day”.

By jbmlaw

April 2, 2008 1:46 PM | Link to this

Dear Leftist friends, you err if you assert that conservatives favor big government helping big securities brokers. Most of us believe the Fed violated federal law by assisting the P&A of Bear Stearns. All I will allow is that I understand their utilitarian calculation – that it was cheaper for the economy for the Fed to facilitate unwinding the derivatives than it would have been to allow the markets to fail. In the latter case far more small entities would have been damaged. I have been trying to find a link on a recent article about the last market collapse that JP Morgan rescued – it was in 1907 and it was the real JP Morgan who used his own money, in those pre-Fed days, to save the economy in a transaction markedly similar to the Bear Stearns transaction.

Dear PoFo @ 12:03, no need for “a brief about the implied socialism inherent in the hybrid exception of subsidized remedies for violations of contract law” – that is a simple tautology.

By Devastator

April 2, 2008 1:47 PM | Link to this

WILKES-BARRE, Pa. - Sen. Barack Obama is talking about the elephant in the room — Republican rival John McCain — and all but ignoring the Democrat who stands between him and his party’s presidential nomination.

Even though Sen. Hillary Rodham Clinton was campaigning miles down the Northeast Extension in Philadelphia, Obama criticized the likely Republican nominee’s policies on the U.S. troop presence in Iraq, trade and tax cuts. In his town-hall session Tuesday, and in other campaign appearances in recent days, Obama has sought to frame the race as a general election matchup between him and McCain.

Of course, there’s the little matter of a Pennsylvania primary on April 22, and Clinton’s double-digit lead in recent state polls.

The extended presidential nomination contest has resulted in an odd political triangle, with each candidate taking alternate turns criticizing one or both of their competitors.

“He’s on a biography tour right now,” Obama said of McCain. “Most of us know his biography, and it’s worthy of our admiration. My argument with John McCain is not with his biography, it’s with his policies.”

Obama argued that McCain would merely be another four years of President Bush on economic and military policies. McCain has criticized Obama as being inexperienced on national security, and the Illinois senator answered back.

“Meanwhile Senator McCain has been saying I don’t understand national security, but he’s the one who wants to keep tens of thousands of United States troops in Iraq for as long as 100 years,” Obama said.

The McCain and Obama camps have been feuding for days over remarks McCain recently made when he said the U.S. could end up having a long-term military presence in Iraq, similar to the more than 50-year presence of U.S. soldiers in Germany and South Korea.

“One hundred years in a country that had nothing to do with 9/11 may make sense to George Bush and John McCain but it is the wrong thing to do. It is not right for our national security. It is not right for our economy,” Obama said to applause at a town hall.

McCain spokesman Tucker Bounds said that given the long history of peacetime U.S. bases overseas, Obama’s remarks show his “complete lack of preparedness to be commander in chief.”

“His attempt to paint McCain’s position as something else is nothing but the disingenuous, old-style politics that he claims to reject,” Bounds said.

Though the primary contest has heightened tensions among Democrats fearful it will hurt their chances of winning the general election in November, Obama told the crowd not to worry.

“I don’t buy this whole thing that people are super-divided,” he said in response to a question. “We are going to come together and focus on the fact that John McCain wants to continue the war in Iraq, I want to end it, John McCain wants to continue George Bush’s economic policies.”

Later in the day, he traveled to Scranton, where he brought another town hall crowd to its feet in asserting he had the best judgment to guide foreign policy, referencing Clinton’s television ad about an emergency early morning phone call.

“When you ask yourself who you want answering that 3 o’clock phone call … ask yourself: Of the three remaining candidates, who has the judgment to understand what will be a bad decision? Who has the judgment to ask the tough questions? Who’s going to keep America on the right track? That’s the person you want on that phone call at three in the morning,” he said, to rousing applause.

In an interview with Pittsburgh radio station KDKA-AM, Obama was questioned about Clinton’s claims that she faced sniper fire on a visit to Bosnia as first lady. She later said she made a mistake.

“I think we all get tired and we all sometimes make mistakes on the campaign trail. I think that the larger issue has been, you know, Senator Clinton’s suggestion that she has this vast foreign policy experience that somehow makes her more qualified to be commander in chief than me,” he said. “I think that I’ve had better judgment over the last five years and better equipped to actually deal with the problems that we’re actually going to face in the years to come.”

For all his complaints about McCain, Obama also talked tough on international trade issues — a sensitive subject in a state with plenty of blue-collar Democratic votes to be won.

An Iraq war veteran at the town hall asked the senator’s opinion of a recent decision by the Pentagon to award a a $35 billion Air Force tanker contract to a consortium led by Airbus, located in Europe, over a bid led by U.S.-based Boeing.

Obama said he had concerns about the deal but an investigation was warranted to find out more.

“I don’t mind the Pentagon procuring from other countries but when you’ve got such an enormous contract for such a vital piece of our U.S. military arsenal, it strikes me that we should have identified a U.S. company that could do it,” he said, though he added that he might conclude the decision was justified if it turns out Airbus’ bid was 10-15 percent better than Boeing’s.

McCain has faced questions about the contract because some of his current advisers lobbied last year for the European Aeronautic Defence and Space Co., the parent company of plane maker Airbus. EADS and its U.S. partner Northrop Grumman Corp. beat Boeing Co. for the lucrative aerial refueling contract.

McCain has said his inquiries into the contract were designed to ensure evenhanded bidding and denied they were motivated by lobbyists who are close advisers to his presidential campaign.

By Devastator

April 2, 2008 1:51 PM | Link to this

10 MYTHS Keeping Hillary in the Race

Top 10 Myths Keeping Hillary in the Race Posted March 31, 2008 | 08:49 AM (EST) ——————————————————-I have noted a number of myths amongst the comments here as to why Hillary should stay in the race. Here are ten enduring, kudzu-like myths, with the debunking they sorely need. Myth: This race is tied.

No, actually, it’s not. Obama has the lead in number of states won, in pledged delegates and in overall delegates. Nothing will happen in the remaining primaries to substantially change that. As to the one thing Hillary does lead in, superdelegates, her quickly shrinking margin is among DNC personnel only. When you look at the elected superdelegates, Congressman, Senators and Governors (i.e. people who actually work with both Obama and Clinton) Obama leads there, too.

Myth: Okay, the popular vote is tied.

There are people who claim that because of the 3% separation, that Obama’s lead in the popular vote is a “statistical tie.” This is a myth because, when you can actually count things, there’s no need of statistics and no such thing as a margin of error. The popular vote is not an estimate based on a sampling, like a poll. Like the general election, there are winners and losers and, so far, Obama is the winner.

Myth: Fine, but what if we count electoral votes? NOW Hillary is ahead!

Not so much. The proportions of electoral votes to population versus delegates to population are pretty comparable. So if you allocated electors proportionally in the same manner that you allocate delegates, Obama is still ahead. If you allocate them on a winner-take-all basis, then that would be the same as allocating the delegates on a winner-take-all basis, so why bring electors into it?

Myth: But if we did do it like the Electoral College, that proves Hillary is more electable than Obama, because of states like California.

This is perhaps the saddest little myth of all. It’s ridiculous to suggest that Obama will lose New York and California to McCain because Clinton won them in the primaries. No, come November, those states will join with Obama’s Illinois to provide 40% of the electors necessary for him to win.

Myth: Very well, then, Mr. Smarty-Math. But if we counted Michigan and Florida, THEN Hillary would be winning!

Nooo, she wouldn’t. The margin would depend on how you allocate the delegates, but Obama would still be ahead. And he’d still be about 100,000 ahead in the popular vote, too, despite not even being on the ballot in Michigan. However, it would enhance Hillary’s chances of catching up in the remaining races.

Myth: Ah HA! So Dean is keeping them out just to help Obama! And Obama is keeping them out.

That’s two myths, but I’ll treat it like one. The only people who can come up with a solution to this problem are the states themselves, to be presented to the Rules and Regulations Committee of the DNC for ratification. It was Rules and Regs, not Howard Dean, who ruled that Florida and Michigan were breaking the rules when they presented their original primary plans. If the two states cannot come up with a plan to reselect delegates, they can try to seat whatever delegates were chosen in the discounted primaries by appealing to the Democratic Convention’s Credentialing Committee, which includes many members from Rules and Bylaws.

Myth: If they don’t get seated until the convention but a nominee is selected before these poor people get counted then these states are disenfranchised.

There are two ways to debunk this myth: semantically and practically. The first is based on the word “disenfranchised:” these people have not been deprived of their right to vote. Through the actions of their states, their votes don’t impact the outcome. Now, you may say that that is specious semantics (Myth: I do say that!) but practically speaking, this is the usual effect of the nominating process, anyway. All of the Republican primaries since McCain clinched the nomination have been meaningless, but those voters are not disenfranchised.

Florida and Michigan tried to become more relevant in the process by breaking the rules. They risked becoming irrelevant instead.

Myth: Well, I say they are disenfranchised, and Hillary Clinton is their champion.

Only when it suits her. Last fall, when the decision was first made to flush 100% of Michigan and Florida delegates, Clinton firmly ratified it. That was because the typical punishment of only 50% representation also kept the candidates from raising money in those states. Figuring that she would wrap up the nomination handily anyway, the clear front-runner agreed with all the other candidates - including Obama - to completely “disenfranchise” those two states.

Myth: Well, never mind 2007. She’s doing more now to bring them in.

Not really. Recent stories in the St. Petersburg Times political blog said that 1) the Obama camp has reached out to the Florida Democratic party about a compromise and that 2) the Clinton camp will discuss nothing else but re-votes, which are legally, practically and politically dead.

Myth: Whatever! Hillary can still win! I know she can! She and her 37% positive rating will sweep through the remaining primaries and Michigan and Florida, winning 70% of everything and superdelegates will flock to her banner and Barack Obama will personally nominate her at the Convention and John McCain will give up and George Bush will even quit early so she can take over and… and… and… can I have a glass of water?

Yes, and you should lie down, too.

http://www.huffingtonpost.com/chip-collis/top-10-myths-keeping-hillb94207.html

By MomCat

April 2, 2008 1:53 PM | Link to this

If you’re satisfied with the present state of affairs, PLEASE VOTE REPUBLICAN! If you’re satisfied with present gasoline prices, inflation (lower interest rates and inflation goes up), the job market gone to Hades in a hand basket and war for the next 100 years, PLEASE VOTE REPUBLICAN! There “Ain’t gonna be no middle class people!” You can place that in your little pipe and smoke it.

PudHead (forgive me PudHead if it wasn’t you) scolded me one day last week because I had made a comment that only crazies ran as an Independent. Supposedly, I am one who would not appreciate change. WRONG! A sane person would get my vote immediately. I’m definitely a Clinton supporter. She’s the only one who has what it takes to straighten this mess out. If she chose to run as an I (assuming she doesn’t get the D nomination), I’d vote for her in a skinny minute. Other sane people who come to mind are Harold Ford and Sam Nunn. No neocons please! Eisenhower and Teddy Roosevelt would turn over in their graves if they knew what these crazies have done. So please, if you’re satisfied with status quo, including a probably upcoming war with Iran, please cast your vote for the R.

By Devastator

April 2, 2008 1:54 PM | Link to this

Obama picks up two more delegates in Mississippi by kos Tue Apr 01, 2008 at 07:44:27 AM PDT Good news for Obama, now that the Mississippi secretary of state has certified the results of their primary.

The final tally is:

Obama - 265,502 Clinton - 159,221

That gives Obama a heads-up 62.512% victory, which WILL switch another state-wide at-large delegate to him (there are 4 statewide pledged PLEO’s in Mississippi, so 62.5% is the tipping point for them to break 3-1 instead of 2-2).

Net net? Now Mississippi broke 20-13.

On another note, Obama’s margin of victory in Mississippi no longer “almost eclipsed” Hillary’s primary margin in Texas - it completely surpassed it. To all you popular vote total affecianadoes, the hill just got a little steeper.

By getalife

April 2, 2008 1:55 PM | Link to this

Tri-G,

I’m going to re-carve the face of Stoned Mountain.

Then I’m going to join the Navy.

By Butcher

April 2, 2008 1:56 PM | Link to this

No injuries were reported today when Hillary Clinton visited an elementary school in Philadelphia today that had third graders in it. Reports of scattered spitwad fire was not confirmed.

By Devastator

April 2, 2008 2:00 PM | Link to this

Obama’s Statement in Support of Autism Awareness Day

April 2nd is World Autism Awareness Day, and the month of April has been designated as Autism Awareness Month.

In recognition, Senator Obama released the following statement this morning:

I am proud to add my voice in support of World Autism Awareness Day and Autism Awareness Month. Autism Spectrum Disorders have quietly become some of the most serious public health issues in the United States and the world today. Autism not only jeopardizes the future of our children, but also has a devastating impact on our families, communities, and on all levels of government here at home and around the world.

Today’s celebration of World Autism Awareness Day is a call to action, and the United States must once and for all act quickly and effectively. As president, I will work closely with the families affected by ASD to ensure our government lives up to its responsibility to individuals with ASD. Together, we can ensure that everyone with ASD has a meaningful opportunity to get the education and resources they need to live independently as full citizens in their communities.

You can read more about Barack’s comprehensive agenda to empower individuals with disabilities and equalize opportunities for all Americans, and you can download his plan for supporting Americans with Autism Spectrum Disorders.

By Butcher

April 2, 2008 2:06 PM | Link to this

Hillary Clinton visited a third grade elementary class in Philadelphia today, and CNN is reporting that scattered spitwad fire was incoming during her arrival. No injuries were reported.

By RNC

April 2, 2008 2:09 PM | Link to this

Devastator- perhaps you ought post on another site, bud. ‘Autism’ ain’t nothing but a fancy word for lazy.

By Butcher

April 2, 2008 2:14 PM | Link to this

CNN is reporting no injuries today in Philadelphia when Hillary Clinton arrived at an elementary school that had third graders in it. Reports of scattered spitwad fire have not been confirmed.

By tr ewing

April 2, 2008 2:22 PM | Link to this

i am all for refinancing all those sub-prime mortgages at a new lower rate to keep people in those houses they can not aford.lets just let everyone refinance at a few points off whatever loan they got now. that way i to can benifit with a couple dollars off my mobile home payment. (i would have bought a house,could have bought a nice house,but i bought what i could aford,guess i was just stupid!) anyway,its just numbers.(the fed isn’t going to rally print any real money) and the paper that does get printed ,we are just going to pay all those morgage people more money to print it(instead of un-employment benifits). and if that guy at the top of bear stearns whats to trade with me after his financial meltdown, well i guess i could help him out,i might like living up there near all those smart people(although i just don’t think i could bring myself to pay 100 dollars for lunch ,for something i could catch down at the river for free!)

By Dusty

April 2, 2008 2:24 PM | Link to this

Many thanks to those of you who posted FOR ME @ 1:16, 1:20 and 1:27. What would I do without you who use my ID? Well, lunch was good anyway.

Munchkin @12:54

You are correct. Of course McCain finished at Annapolis. With admirals in the family, he could do no less. My mistake.

Devastator@1:47

You don’t need to post great lengths to tell us about Obama. We know he is ignoring Hillary with smuggest sweet talk while trying to discredit McCain.

Obama can talk all he wants. He remains an anti-war, high tax gopher and inexperienced economist. Maybe he should talk about his probable choice of vice-pres; Cynthia McKinney or someone else who “talks the talk” and “walks the walk” like good Jeremiah.

By Devastator

April 2, 2008 2:26 PM | Link to this

RNC,

In other words, you don’t have any experience dealing with children with this syndrome.

A child who can’t talk or comprehend parental intructions at the age of 3 and lacks the ability of basic motor skills aint lazy old dude. You’re giving away your age. Autism is a relatively new condition that older folks may not be familiar with.

Two to three year olds aren’t lazy devil!

Try doing some research and talk to some parents with kids suffering from this before you make comments.

By GayGreyGeek

April 2, 2008 2:31 PM | Link to this

Dusty - Shouldn’t you be down at your enlistment office, joining up to be a batallion cheerleader? Or are you too much of a coward to serve your country?

WHY DO YOU HATE AMERICA, DUSTY?

By Devastator

April 2, 2008 2:32 PM | Link to this

Dusty,

Maybe he should be a has-been of the past and be an exact replica of Bush.

Would that make you happy old woman?

By RNC

April 2, 2008 2:40 PM | Link to this

Devastator- typical lib, looking for a hand-out. Every dollar wasted on this ‘autism’ nonsense is a dollar that could have gone toward fighting terror.

By Devastator

April 2, 2008 2:44 PM | Link to this

RNC,

You need a heart sir.

By GayGreyGeek

April 2, 2008 2:46 PM | Link to this

Devastator - For DustBuster, only if he was Old. And White. Can’t forget White. For DustBuster, he can’t be one of Those People…

By RCH

April 2, 2008 2:51 PM | Link to this

*Devestator8

I have dealt with children with this disease.Many with mild cases and many more with severe autism. Either RNC is ignorant of this disease or just plain stupid. Children that cannot talk are not lazy. maybe RNC can get off his lazy a.. and work with these children and find the truth. I hope he has a lot of patients!

By getalife

April 2, 2008 2:54 PM | Link to this

So, the Army is talking about a draft.

Elect Mcwar and you will get it.

Gets your kids ready warmongers.

Its time to pay up for your bs.

By Devastator

April 2, 2008 2:57 PM | Link to this

RCH,

It’d be just the world’s luck that out of touch people like RNC never have the opportunity.

He thinks this is about politics.

By GayGreyGeek

April 2, 2008 3:00 PM | Link to this

getalife - You forget, it’ll be the children of Those People who go off to fight. Folks Like Us can’t be expected to fight, other than fight over who has the prettiest magnetic yellow ‘ribbon’ on the biggest SUV…

By Dusty

April 2, 2008 3:00 PM | Link to this

GGG@2:31

I will refrain from answering your posts as it encourages your Repetition Complex. Do let me encourage you to get help soon.

Devastator the Delinquent @2:32

Something with the guts and go ahead like Bush would be just fine. Don’t give me a professed anti-war bigot at any time. The country does not need an absentee junior grade senator and probable bigot trying to run the greatest country in the world.

By Glenn

April 2, 2008 3:03 PM | Link to this

You’re getting cranky in your old age, get. Hope you catch Spring Fever soon.

Geez.

By jm

April 2, 2008 3:05 PM | Link to this

jbmlaw@1:46 - Thomas Sowell touches on the 1907 crash but then he goes into how that led to the creation of the Federal Reserve which he seems opposed to.

By getalife

April 2, 2008 3:09 PM | Link to this

Lets use the gop idea to scare Americans.

McWar=Draft.

Thats the ticket.

By GayGreyGeek

April 2, 2008 3:16 PM | Link to this

DustBuster - Then why don’t you head down to your nearest enlistment office and become a batallion cheerleader? Or do you hate America?

TELL US WHY YOU HATE AMERICA, DUSTY!!!

(Tee-hee. Spurring her on is like having a cat chase the light from a laser pointer. There’s almost no effort needed on my part, but hours of predictable entertainment ensues. Tee-hee.)

By gd

April 2, 2008 3:17 PM | Link to this

I resent once again my tax dollars going to those who exercise poor judgment. Yes, my house is declining in value because of this mess but I’m willing to suck it up. Let the brainless feel the pain of their actions. If the government continues to reward bad behavior, this kinda thing will be repeated and….repeated….and repeated. Learn to live within your means, set goals, sacrifice and achieve. Living beyond your means isn’t sustainable and you hurt those of us trying to live life responsibly. In short, grow up! I’ve had it with you instant gratification morons. Now, get rid of your cell (pssst, you can’t afford it) and the beamer too (you aren’t foolin’ anyone- we all know you are living paycheck to paycheck). Be responsible….starting now.

By Dennis

April 2, 2008 3:19 PM | Link to this

By getalife April 2, 2008 1:32 PM “Since the start of this country, cons have always chose the establishment over the people.”

That’s for damned sure!

And every four years both political partys present a slant of cons to be voted on.

Anyone who reads about the conventions for the purpose of writing a Constitution knows that “We the people” meant then, “those of us who are rich”, and NOT the populace as a whole.

The will of the American people and the will of the American government are not one and the same.

You don’t have to be a blind conservative not to see it, just an ignorant one to deny it.

By GayGreyGeek

April 2, 2008 3:32 PM | Link to this

gd @ 3:17 - So we should start with Bear Stearns taking responsibility for their own actions, instead of having you and me bail ‘em out of trouble?

By AmVet

April 2, 2008 3:35 PM | Link to this

Did anyone see the article in todays’ AJC by Roger Williams (R) - Dalton?

To say I was impressed is a huge understatement.

WTF is going on here?

An older white male Georgia Republican writing a VERY intelligent article on why Sunday beer sales is the right thing to do for the people of Georgia. And why the arguments against it are fallacious. (Just more typical irrational and Puritanical bullsh!t IMHO).

BTW the bill to authorize those sales passed the committee unanimously.

I thought I was hallucinating!

Maybe I was…

By Baker

April 2, 2008 3:41 PM | Link to this

CNN reported there were no injuries from an incident on a Hillary Clinton campaign stop at an elementary school that had third graders in it. A third grade spokesman claimed that “we’re not animals” and declined further comment.

By GayGreyGeek

April 2, 2008 3:47 PM | Link to this

AmVet - Don’t worry, the Right Reverend DaddySonny will ensure that you have no “say” in any Sunday al-kee-hall sales.

By Glenn

April 2, 2008 3:49 PM | Link to this

You got that right, AmVet. Roger Williams may be a hawk on the war, but at least he’s a beerhawk!

By Baker

April 2, 2008 3:55 PM | Link to this

Hillary Clinton recounted her harrowing experience today on a visit to a third grade classroom at an elementary school in philadelphia. “We arrived, met the principle and then came under heavy spitwad fire. At one point third graders surrounded us but we kept our heads down and moved to safety.”

Part of her entourage was injured. Pee Wee Herman suffered broken glasses, and nadia comaniche, the former olypmic star, dislocated her twaught.

A spokesman for third graders said, “They had it comin’”

By AmVet

April 2, 2008 4:05 PM | Link to this

GGG, and to think that porcine POS ran on the most moronic platform of all - a statewide referendum on getting the secessionists their flag back to it’s rightful place of honor.

What a typical “conservative”.

And what an embarrassment to Georgia…

Mr. Gilbert, my fine fellow beerhawk, ask not what your brewmeister can do for you, but what you can do for your brewmeister.

By Devastator

April 2, 2008 4:10 PM | Link to this

OBAMA FOR AMERICA DAILY TALKING POINTS APRIL 2, 2008

Message of the day: Fighting for working families

• Today is the 6th and final day of Barack Obama’s “Road to Change” bus tour across Pennsylvania. He’s going to be appearing on MSNBC’s Hardball College Tour, and talking to the Pennsylvania AFL-CIO convention about the need to stand up to the special interests and end business-as-usual in Washington so we can bring about real change for working Americans.

• We can trust Barack Obama to take on the lobbyists because he’s the one candidate who’s actually worked to rein in their power by passing historic reforms in Illinois and in the U.S. Senate. And he’s the only candidate who’s not taking a dime from Washington lobbyists on this campaign.

• Obama will fight for the middle class as President. He will pass universal health care by the end of his first term, saving the typical family up to $2500 a year. He’s the only candidate to propose a middle-class tax cut that will provide relief to 95% of working Americans – $1,000 per working family. He’ll also eliminate income taxes for any senior making less than $50,000. And he’ll raise the minimum wage every year to keep pace with inflation.

• Obama has a job creation agenda that will create millions of new jobs and do it in a way that’s fiscally responsible. Obama will stop giving tax breaks to companies that ship jobs overseas and start giving them to companies that create jobs here at home. He’s proposed a National Infrastructure Reinvestment Bank that will invest $60 billion over ten years, and generate nearly two million new jobs – many of them in the construction industry that’s been hard hit by the housing crisis we’re facing. Obama will also put $150 billion over ten years into establishing a green energy sector that will create up to five million new jobs – and those are jobs that pay well and can’t be outsourced.

• Obama has been fighting for working families for over two decades. As a community organizer, he helped provide job training for the jobless after the local steel plants closed; as a state Senator, he helped put $100 million in tax breaks into the pockets of working families and brought Democrats and Republicans together to expand health care for 150,000 children and parents. And that’s how you can trust that he’ll fight for the middle class as President.

By Baker

April 2, 2008 4:12 PM | Link to this

CNN is now reporting that Hillary Clinton’s daughter Chelsea, who accompanied her to the elementary school near philadelphia, where third graders attacked the entourage, has sustained booger damage on her sweater. “They picked their noses and then wiped their fingers on me….if I only hadn’t been wearing cashmere…..This is not going to come out…those savages!”

By Devastator

April 2, 2008 4:16 PM | Link to this

Pa. Jewish Leaders Praise Obama in Letter By Ariel Alexovich

Hillary Rodham Clinton might have the endorsement of two of the top Jewish names in Pennsylvania politics — Governor Ed Rendell and Rep. Allyson Schwartz of Philadelphia — but 70 other leading Jewish professionals from the Keystone State would rather see Barack Obama at the top of the Democratic ticket.

Josh Shapiro, the deputy speaker of the Pennsylvania House of Representatives, drafted an open letter to the state’s Jewish community on behalf of Mr. Obama, the candidate who boasts what Mr. Shapiro calls a “100 percent voting record on Israel issues.”

In an interview, Mr. Shapiro said it’s time to, “as Jews, stand up and say how much we admire Senator Obama for condemning the words of his pastor and making sure he is Israel’s ally in the Middle East.”

The letter, which can be found online here at the Jewish news service JTA, praises Senator Obama at length for his recent speech on race and argues that he shouldn’t be held accountable for incendiary remarks made by his former pastor, Rev. Jeremiah A. Wright Jr.

While we are profoundly disturbed by the unpatriotic, bigoted and anti-Semitic comments of the retired pastor of Senator Obama’s church, we are moved that Barack stood up at the National Constitution Center in Philadelphia earlier this month, and “condemned in unequivocal terms the statements of Reverend Wright” and expressed his own views on issues near and dear to the heart and soul of the Jewish community.

Specifically, in repudiating the remarks of his former pastor, Senator Obama said Reverend Wright “expressed a profoundly distorted view of this country…a view that sees the conflicts in the Middle East as rooted primarily in the actions of stalwart allies like Israel, instead of emanating from the perverse and hateful ideologies of radical Islam.”

“We respectfully ask that you stand with Senator Barack Obama and vote for him on April 22,” the letter ends.

Henri Barkey, chairman of the international relations program at Lehigh University in Bethlehem, Pa., is an unpaid foreign policy adviser to the Obama campaign who affixed his signature to the letter. Senator Obama has been “misrepresented” by his association with Reverend Wright, Mr. Barkey said, and Jewish people should hear the truth about Mr. Obama’s pro-Israel policies from fellow Jewish people.

“This is how American politics can get — very dirty and personal,” Mr. Barkey said. “My sense in this day and age is you don’t let anything fester. You set the record straight, and perhaps that should have been done earlier. When you don’t respond quicker, people assume it’s true.”

By Captain Freedom

April 2, 2008 4:32 PM | Link to this

THE Captain stops by to chide all you comsymp bashers of Corporate America for your defeatist “hate the playa” attitude. For it is Our Corporate Overlords who provide All That is Great in Our Nation, from our ample wages and credit lines to our vast selection of plastic-formed consumer goods. THE Captain is especially fond of the Glory of Hot Pockets, fresh from the microwave.

But THE Captain digresses. Today, He wishes to fling this glad tiding of comfort and joy in the face of the libberulls who deride one of Our Finest Corporate Citizens. THE Captain speaks of course of the Pride of Arkansas, Wal-Mart.

Certainly Wal-Mart was well within its rights to grind the good-for-nothing crippled woman into the dirt to re-coup the money paid for her medical care. But no. Out of no other concern but the goodness of its Corporate Heart, Wal-Mart has told this sob sister to keep the change. THE Captain sheds a tear at this example of noblesse oblige by our Corporate Betters.

Perhaps THE Captain’s favorite part of this story is how the brain damage this welfare sponge suffered has left her unable to remember anything for more than a few seconds. Thus, she has the pleasure of learning repeatedly each day that her only son gave his life freeing the Purple Fingered Iraqi Freedom Lovers (not to be confused with the Sunnis and Shiites…no, those other Iraqis, the ones John McCain supports). Imagine the upwelling of patriotic pride she must feel every time she learns this fact anew. Sister Dusty must be green with envy.

A Captain Kudo to Wal-Mart. They make one proud to be a Corporate American.

By MomCat

April 2, 2008 4:33 PM | Link to this

By getalife April 2, 2008 3:09 PM Lets use the gop idea to scare Americans. McWar=Draft. Thats the ticket.

That is the ticket. Their present idea of patriotic is to let someone else’s kids go to Iraq. Start talking draft and you’ll see the R’s running like scared rabbits. Not their kiddies!

By AmVet April 2, 2008 4:05 PM a statewide referendum on getting the secessionists their flag back to it’s rightful place of honor. What a typical “conservative”.

What do you expect? Another decider, not a divider. And remember, we’re living in a New Georgia.

By getalife

April 2, 2008 4:37 PM | Link to this

Clinton is reaching out to the right and getting praised by the right.

She is using Obama’s unity message and is getting attacked for it by the obamaniacs.

Oh, the irony.

Too funny.

By GayGreyGeek

April 2, 2008 4:42 PM | Link to this

getclue - Clinton is the Huckabee of the Democratic party.

By Baker

April 2, 2008 4:52 PM | Link to this

I had to look up tautology.

I hate it when I get out marooned.

By Tim

April 2, 2008 4:52 PM | Link to this

Payne @12:36

Did you know that 34% of the foreclosures recorded in 2006-2007 were on investment properties? Rich guys who sought to make a killing in real estate and got caught up in the economic back wash. Go online and look at condos available downtown, midtown and Buckhead. Notice how many are listed as new forclosures. Contrary to what those on the right like to believe, its not just the less fortunate that got killed in the mortgage crush. There were PLENTY of financial big dogs that took a bath too. But just like so many times before, My friends on the right like to make things black and white, or us and them, when this problem was set to play out in the grey from the start.

By Dusty

April 2, 2008 5:15 PM | Link to this

Well, Captain of Kinetics and other moving masses,@4:32

I must admit your fount of foolish knowledge is a delightful change from the diatribes straight from the Democratic office of propaganda and other pulp. As I suppress the usual yawn at Demo dirt I read yours somewhat awake.

The lady whom you mention is unknown to me. But, since you are a greeter at WalMart I feel sure your info is correct if slanted like the Tower of Pisa.

My heart goes out to the lady who has suffered the loss of her son. That is agony beyond repair, even within the few minutes she remembers. I doubt that she will live much longer since despair is the killer of all within us.

I gather that all of WalMart’s money could not restore this lady to good health or return a living son. But go with the Democratic premise of blame on any business bigger than a hot dog stand. Those wealthy people who will not give away everything they own to the DESERVING!! Those purple plutocrats who pay most of the USA taxes. Just because they are smart and industrious is definitely a cause for alarm. WalMart, the economic savior of the shopping mass, be gone, black spot!!

Oh dear, now what was your point? Oh yes, let’s knock WalMart.

By Glenn

April 2, 2008 5:17 PM | Link to this

“Well, gee, Jim, of course helping The Little People is quite A Bad Thing…”

Is this not the very purpose for which the Fates have prospered that mighty reid, that it might be leaned upon by the little ones, broken and infantalized from their first Spring to know no other way? How unthinkably cruel it would be to domesticate the little sheep only to banish them to the combined privations and depredations of Nature! How unthinkable indeed, the mere suggestion that a great and good Solon, guardian and giver of Mound Olympus, would refuse to answer the bleating of the Little Ones. Never!

And so do the sheep return to their pen. And so do the bent reids lean upon one another.

By Baker

April 2, 2008 5:21 PM | Link to this

Hillary is speaking now on CNN about the incident at the elementary school in philly where a classroom of third graders were gathered. She insists that no incident occurred.

So now I dont know what to believe.

By GayGreyGeek

April 2, 2008 5:23 PM | Link to this

Glenn @ 5:17 - since you did the typical Palecon editing, let’s complete the WHOLE thought - it takes away money that could go toward bailing out Big Bidnesses like, say, Bear Stearns.

Because, goodness knows, Big Bidness needs all the help it can get from Duh-Bya And The Coconuts!

By getalife

April 2, 2008 5:30 PM | Link to this

Clinton leads Obama, McCain in key matchups: poll

Whine on trolls.

By Gen. Frank Fat

April 2, 2008 5:33 PM | Link to this

It brings much sadness to see outside agitators disturb Chinese serenity in these great and glorious decades of Harmony and growth. At a time when our happy Panda Pow Pow opens gates of joyous hospitality to athletes and auto makers from around the outside World, we find the greedy and selfish Taiwanese so noisily refusing to accept their Fate; and in the mountain provinces, cultish Buddhists and even savage Muslims, some of them with weapons, unwilling to accept a peaceful Fate; and in the cities, misguided Christians who refuse to accept their magical religion’s Fate; and in the People’s universities, spoiled graduate students who refuse to embrace the Fate prepared for them; and in the numberless prisons, so many otherwise honorable and beloved Chinese who await a Fate they refuse to accept! How their ancestors lament!

Is this not unfortunate, that the longsuffering junta in Beijing that rules with benign care and ever-increasing precision over all the cities and villages and businesses profitable and not so profitable—is it not unfortunate that such a caring and longsuffering Father Government should be embarrassed by disharmony in its house even as the guests arrive? But do not be of sorrow, for wise old China has seen many things and yet always has endured.

Your family Bush understand our great and glorious Fate. They always are welcome back to the People’s house to hear our happy gimmick band of twelve Chinese girls cute as Hello Kitty. Once incorrect human pulp made by People’s accident tanks is all clear now for a new Torch to shine in Tiananmen for radiant patriotic lighting of Olympic fuse. Glory and fun time in the land of the firework!

So come. Be happy too!

By bradford exchange

April 2, 2008 5:48 PM | Link to this

Whine on trolls -

BFD. Hitllary leads according a a “Quinnipiac University” poll, as if anyone has ever heard of that.

Let’s try a more credible poll.

TROLL THIS, getatrash.

By Captain Freedom

April 2, 2008 5:49 PM | Link to this

To the Most Honorable Gen Frank Fat,

THE Captain salutes you, and He can only pray that your Glorious Nation sees fit to treat its debtor nations kindly. Sort of the way Wal-Mart let that forgetful woman keep her money.

THE Captain is also truly impressed with the way you handled those rabble-rousing students by crushing them with tanks while they slept. THE Captain has often wished He could re-enact that episode on a bunch of dirty f^ching hippies here in the U S of A, maybe while they are sleeping at one of those orgiastic jam band festivals. (Ahh, the smell of petuli and blood would certainly waft gently, eh General?) It would be kind of like the Confederate Army re-enactments THE Captain enjoys where he gets to pretend to execute deserting foot soldiers. But THE Captain, alas, digresses yet again.

Our Nation is truly blessed to have stalwart friends and lenders like your Great and Glorious Nation of China. We are fortunate to grovel at your beck and call. Sorry about all that Godless Savage Yellow Horde stuff We used to spout. THE Captain does not know what We were thinking, and regrets every word. Honest.

By bradford exchange

April 2, 2008 5:51 PM | Link to this

Hitllary lies. TROLL THIS, getatrash:

• Chelsea was jogging around the Trade Center on Sept. 11, 2001. (She was in bed watching it on TV.) • Hillary was named after Sir Edmund Hillary. (She admitted she was wrong. He climbed Mt. Everest five years after her birth.) • She was under sniper fire in Bosnia. (A girl presented her with flowers at the foot of the ramp.) • She learned in The Wall Street Journal how to make a killing in the futures market. (It didn’t cover the market back then.)

Whoppers She Won’t Confess To

• She didn’t know about the FALN pardons. • She didn’t know that her brothers were being paid to get pardons that Clinton granted. • Taking the White House gifts was a clerical error. • She didn’t know that her staff would fire the travel office staff after she told them to do so. • She didn’t know that the Peter Paul fundraiser in Hollywood in 2000 cost $700,000 more than she reported it had. • She opposed NAFTA at the time. • She was instrumental in the Irish peace process. • She urged Bill to intervene in Rwanda. • She played a role in the ’90s economic recovery. • The billing records showed up on their own. • She thought Bill was innocent when the Monica scandal broke. • She was always a Yankees fan. • She had nothing to do with the New Square Hasidic pardons (after they voted for her 1,400-12 and she attended a meeting at the White House about the pardons). • She negotiated for the release of refugees in Macedonia (who were released the day before she got there).

By bradford exchange

April 2, 2008 5:55 PM | Link to this

“Lets use the gop idea to scare Americans. McWar=Draft. Thats the ticket.”

You mean that was a DEMOCRAT idea by the name of Charles Rangel, don’t you getatrash? Don’t lie, you filthy democrat pos.

By Glenn

April 2, 2008 5:57 PM | Link to this

GGG,

Excuse me, but I borrowed only the first phrase so that the argument would make sense; otherwise I’d have been republishing the insupportable premise that Father Washington played foster father for a day for the sake of the giants, and not of the “little people” who had leaned upon the giants. So, with that apologia, I will as bidden quote the post entire:

Well, gee, Jim, of course helping The Little People is quite A Bad Thing - it takes away money that could go toward bailing out Big Bidnesses like, say, Bear Stearns.

Whadda hypocrite…

Note the artful deployment of yet another hypocritical charge of hypocrisy; lessening the crisis is exactly what the Fed aimed to do and succeeded in doing. That’s the way hypocrisy works, old friend. You surrender to the pull of the fickle mob and when you and that mob near the precipice, finally you break the spell with a sudden blow of a sword that you least of all are fit to wield. The hypocrisy is not the running with the mob, nor even the knowing that you’re running; that is mere humanness. Hypocrisy is putting a stop to it, as though you could “make a difference” by changing what it means to be human.

But then you already know that I hew to a tragic worldview.

By Chip

April 2, 2008 6:11 PM | Link to this

Did you know that 34% of the foreclosures recorded in 2006-2007 were on investment properties? Rich guys who sought to make a killing in real estate and got caught up in the economic back wash.

I know that’s right. There was plenty of misery to spread around the economic spectrum, but “Payne” is correct in that a large portion of those foreclosures are due to adjustable rate mortgages, relaxed loan standards, and deadbeats who had absolutely zero business purchasing a home. This is all of course irrespective of the fact that property values were way overvalued and hurt those who put little to nothing down to begin with the most.

By Gen. Frank Fat

April 2, 2008 6:12 PM | Link to this

General salute Captain!

By Captain Freedom

April 2, 2008 6:19 PM | Link to this

THE Captain’s Little Soldier stirs to attention at the exchange of military gestures at the close of todays Battle for the Internet Tubes. Most days, the humble glory of fighting the battle on the home front is reward enough. But today, my loins are stirred, not merely shaken.

May God Bless our Glorious Chinese Holders of Treasury Notes.

By BadOleBoys

April 3, 2008 8:13 AM | Link to this

Well, I certainly hope we have all learned our lessons from this housing bubble and its bursting, credit crunch, and government’s ability to step in and save those deemed deserving. I feel so much better now. It just makes me want to go find a politician and give him/her a great big hug. A bear hug. A great big BEAR HUG.

By BadOleBoys

April 3, 2008 8:26 AM | Link to this

Just two days left for our fearless Georgia leaders to hash out their election year facades and what does Jim want to talk about. Or, maybe he’s on to something here after all.

By zeke

April 3, 2008 9:29 AM | Link to this

All this crap is a direct result of congress, the naacp and other morons who kept brow beating the banks and financial institutions with the crap of “the black population, black or minority areas, and, low income people are disproportionately turned down for mortgage loans” by the financial institutions! So, under pressure from the govenment , the courts, the anarchist groups the banks started giving loans to those that cannot afford them and for houses in areas that could not measure up in value! Is there any surprise that we now have this problem? Let them be foreclosed, recast in proper value and resold to someone who can afford them! If the values as restated fall within those affordable by the current owners, finance them and let them keep their homes, otherwise not! Taxpayers are not responsible in this or any other situation, whether it be retirement system bailouts, airline bailouts, city bailouts, rural telephone services or any other do good feel good schemes to keep politicians in office! It is time for the Supreme Court to rule alll these absurd taxing schemes unconstitutional!

By steve

April 8, 2008 12:12 PM | Link to this

the goverment will never bail the home owner out just the banks all you home owners that say the goverment should let the people that got sucked in by the crooks should go under but as home decline the responsable lose money or equity to so someone who save then buys a home in 2004-2005 lost all of there down payment and it will be gone for years if the decline is not stoped a lot of people got hurt but mr bush wants to do the moral thing what a joke mr bush wont have money problems but if he let his freinds hurt people his children will pay with sickness not even money can escape and he will get to watch and go very old

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