The TexasFred Blog
News Opinion Commentary
This is The Header

Stocks slide as investors’ malaise continues

August 21st, 2010 . by TexasFred
Stocks slide as investors’ malaise continues

WASHINGTON (AP) – Nearly half of the 1.3 million homeowners who enrolled in the Obama administration’s flagship mortgage-relief program have fallen out.

The program is intended to help those at risk of foreclosure by lowering their monthly mortgage payments. Friday’s report from the Treasury Department suggests the $75 billion government effort is failing to slow the tide of foreclosures in the United States, economists say.

More than 2.3 million homes have been repossessed by lenders since the recession began in December 2007, according to foreclosure listing service RealtyTrac Inc. Economists expect the number of foreclosures to grow well into next year.

“The government program as currently structured is petering out. It is taking in fewer homeowners, more are dropping out and fewer people are ending up in permanent modifications,” said Mark Zandi, chief economist at Moody’s Analytics.

Full Story Here:
Stocks slide as investors’ malaise continues

Obamanomics is just peachy-keen isn’t it? :?

All the stimulus money that was spent (wasted), OUR money, hasn’t done a thing to rebound the economy. The GM (Government Motors) debacle, is just that, a debacle. Fannie and Freddie are nothing more than jokes. The Obama financial team is comprised of world class morons that believe we can SPEND our way out of this hole we’re in.

And the White House is more worried about the rumors that Obama is a damned Muslim than they are with fixing what’s wrong with America.

Today, the Dow Jones closed at 10,213.62 that’s down 57.59 from yesterday.

A spike in layoffs feeds fear of faltering recovery — “Layoffs are back, and that’s bad news for the fragile economic recovery.� SOURCE.

Economic recovery? Under the Obama regime, those are words that just don’t belong in the same sentence!

And where is Barack Hussein Obama and family?

The Obama family is on vacation again. “Instead of politicians and polls, the Obama’s encountered pony farms and ponds. Instead of filibusters, the Vineyard offers fishing. And the only things getting hung out to dry were beach towels.� SOURCE. On OUR dime of course.

Do you need another example of the incompetency that IS Barack Hussein Obama?

Nearly 50 percent leave Obama mortgage-aid program

NEW YORK — Stocks closed moderately lower Friday as investors’ pessimistic view of the economy deepened.

There was little reason for investors to buy. There were no reports to offset Thursday’s disappointing news that growth in the domestic economy continues to slow. The Dow Jones industrial average fell 57 points a day after falling 144. The other major indexes also fell moderately.

“We’re not seeing any significant growth prospects,” said Peter Costa, president of Empire Executions. “Why be in the market if there’s no (near-term) prospects for growth?”

Oil prices fell again on worries that future demand will wane if economic growth remains tepid. Energy stocks were among the worst performers on the day, including oil companies Chevron Corp. and ConocoPhillips.

Full Story Here:
Nearly 50 percent leave Obama mortgage-aid program

Great balls of fire! Are there any more, or better ways to point out that Obama, and his entire administration, is the biggest disaster to ever befall this nation?

Take a look America! Take a CLOSE look at Barack Hussein Obama, and NEVER forget, this is what you get when you elect a community organizer that just happens to be an anti-American socialist.

Remember America, and REMEMBER IN NOVEMBER! Clean the House and Senate!


Bookmark and Share
Return: Top of Home Page

Treasury chief: Need more powers

March 24th, 2009 . by TexasFred

Treasury chief: Need more powers

WASHINGTON – Treasury Secretary Timothy Geithner asked Congress on Tuesday for broad new powers to regulate nonbank financial companies like troubled insurer American International Group whose collapse could jeopardize the economy.

“AIG highlights broad failures of our financial system,� Geithner told the House Financial Services Committee. “We must ensure that our country never faces this situation again.�

At the same time, Federal Reserve Chairman Ben Bernanke revealed that he had considered filing suit to keep AIG from paying millions in executive bonuses but that his legal advisers counseled him against it.

Geithner acknowledged that the current climate of anger, including the furor over those retention bonuses, will complicate any effort by the Obama administration to get more bailout money from Congress. “We recognize it will be extraordinarily difficult,� he said.

The administration sought to use that rancor to build support for its financial overhaul proposals.

Full Story Here:
Treasury chief: Need more powers

What’s that Lassie?? You say Lil’ Timmy fell in the well?!?! Oh, good girl Lassie, good girl, have some doggie treats and let the stupid son of a bitch STAY in the well!!

Here is ALL you need to know about giving MORE POWER to a dingbat that’s placed in charge of the U.S. Treasury and he can’t even do his OWN income tax return.


Bookmark and Share
Return: Top of Home Page

GOP predicts doomsday if Obama budget passed

March 23rd, 2009 . by TexasFred

GOP predicts doomsday if Obama budget passed

WASHINGTON (AP) – Congressional Republicans on Sunday predicted a doomsday scenario of crushing debt and eventual federal bankruptcy if President Barack Obama’s massive spending blueprint wins passage.

But a White House adviser dismissed the negative assessments, saying she is “incredibly confident” that the president’s policies will “do the job” for the economy.

In a TV interview, Obama himself laughed when discussing the dire state of parts of the economy – and ascribed his laughter to “gallows humor.”

White House Council of Economic Advisers chairwoman Christina Romer insisted that the nation’s flailing economy will be rebounding by 2010.

Full Story Here:
GOP predicts doomsday if Obama budget passed

‘Congressional Republicans on Sunday predicted a doomsday scenario of crushing debt and eventual federal bankruptcy if President Barack Obama’s massive spending blueprint wins passage’, I am pretty well convinced that this IS the plan from Obama and Company.

Obama and his herd of hooligans are letting their mouths write checks they they expect OUR asses to cash, ours, our kids, their kids, their kids kids, into infinity. You don’t just print more paper and call it money, it’s NOT money, it’s paper and it’s damned near worthless. but the Obamessiah doesn’t know that apparently. His little lap dog Timmy Geithner has NO clue, he still thinks it just a *print some more thing* I believe.

Who can possibly believe that this bullshit The Obamessiah is handing out can work? For crying out loud, it just keeps on getting worse with ever news cycle, Treasury’s toxic asset plan could cost $1 trillion. Many people can’t comprehend a million dollars, once it gets to billions and trillions the comprehension level decreases appreciably. To give you an example that most folks really can grasp, $1 million will buy you 7 very nice 18 wheelers, most of the bells and whistles and the 1st tank of fuel for each rig. Folks just can’t grasp how much money that really is when it hits BILLIONS. The *pay back* is really out of their reach. I am convinced that Obama, and quite likely every dumbass that works for him can’t even comprehend what they are doing, and have already done, to this nation.

Little Timmy Geithner looks like he’s lost every time you see him, 1st he doesn’t know about the AIG bonuses, then he DID know, he was seriously messed up on his own tax filing and HE is the guy that’s supposed to inspire confidence in the Obamessiah Money Plan? He’s the head of the treasury? God help us ALL!

America is being raped and pillaged by the Obama administration and ALL of his minions, and before the libber-pukes have a cow, I know, Obama didn’t put this catastrophe into play, but he IS making it even worse, and he’s doing it so fast, with so much shuck and jive, I honestly don’t know if he thinks we won’t notice or if he’s just playing it so loose that even he has no idea of what to do next!


Bookmark and Share
Return: Top of Home Page

House defeats $700B financial markets bailout

September 29th, 2008 . by TexasFred

House defeats $700B financial markets bailout

WASHINGTON (AP) – The House on Monday defeated a $700 billion emergency rescue package, ignoring urgent pleas from President Bush and bipartisan congressional leaders to quickly bail out the staggering financial industry.

Stocks plummeted on Wall Street even before the 228-205 vote to reject the bill was announced on the House floor.

When the critical vote was tallied, too few members of the House were willing to support the unpopular measure with elections just five weeks away. Ample no votes came from both the Democratic and Republican sides of the aisle.

Bush and a host of leading congressional figures had implored the lawmakers to pass the legislation despite howls of protest from their constituents back home.

Full Story Here:
House defeats $700B financial markets bailout

At the risk of saying “I told ya so�, well, I told ya so…

The words Bush and confidence are just not compatible, an oxymoron in it’s most exact definition. When Bush projects confidence, BOHICA, Bend Over, Here It Comes Again!

Bush doesn’t give a damn about what the American people want, he does NOT listen to the people that put him in office, it’s ALL about HIM, “I am the decider�, and that moron, along with the Congresscritters that just love to give YOUR money away, on BOTH sides of the aisle, are going to wreck this nation before they leave office if they can…

The Bush legacy is being set in stone as I write this, ‘Mr. Bush presided over the most destructive phase of U.S. government to date, earning Mr. Bush the title WORST President in U.S. history.’

Bush does have one thing in his favor, our Congress is even worse, their approval numbers are dismal, and the American people are taking the brunt of this BS.

Both sides are pointing fingers, you did this, and you said that, and here’s the bottom line folks, we, the American people, are being seriously penalized for bad business decisions made by Wall Street, and we’re going to pay for those bad decisions, one way or another, with our TAX dollars in a Wall Street bailout, or in a loss of ALL the economy if Wall Street fails.

Any way it goes, WE lose…


Bookmark and Share
Return: Top of Home Page

« Previous Entries