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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!

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Barack Obama: A Bill of Indictment

June 27th, 2010 . by TexasFred

Once again I am compelled to share the work of one of the best writers I know, Mr. Alan Caruba. Alan is a true professional and you can follow his writings here: Warning Signs

Barack Obama: A Bill of Indictment

By Alan Caruba

Oyez! Oyez! Oyez! All those with business before the court of public opinion will draw near. A bill of indictment has been issued for Barack Hussein Obama, President of the United States of America. It is a call for justice from the people of the United States who allege that he is engaged in the destruction of their nation.

For the court’s consideration, it is alleged:

That he secured the office of President by falsely stating he is a natural born citizen of the United States without providing irrefutable documentation and witnesses thereof,

That he associated with persons known and unknown to hold anti-American views antithetical to the conduct of his office, to include a convicted felon, an unrepentant former domestic terrorist, among too many others to innumerate,

That he has created an unaccountable level of governmental policy-making with the largest expansion of presidential advisors, “czars�, in the history of the executive branch,

That, while in his first six months, he bowed to the King of Saudi Arabia and Emperor of Japan, an act that contradicts the primacy of the office of the U.S. presidency,

That, in contradiction to his sworn duty to protect the nation, he announced the termination of the U.S. space defense system the day after North Korea launched an ICBM,

That he ordered the release of memos regarding the interrogation of terrorists interned in U.S. facilities at Guantanamo, making known to the Islamist enemies of the nation the manner of their interrogation,

That he appointed as Secretary of Homeland Security, an individual who ordered that the word “terrorism� be replaced by the term, “man made disasters,�

That, during his first six months in office, he doubled the U.S. national debt, currently at an unsustainable level, threatening the value of the U.S. dollar,

That he signed into law a “stimulus� bill, the bulk of whose funds were allocated to government employee unions under the guise of generating millions of new jobs in the private sector,

That he signed into law a “Troubled Asset Relief Program� that, contrary to the Constitution, promoted short term private benefit, rather than the general welfare, while evading the constitutional requirement of equal protection, saving some businesses while letting others expire,

That he by-passed the established legal process of bankruptcy to seize control of General Motors and Chrysler auto manufacturers, benefiting unions to the loss of creditors,

That, in collusion with the majority leaders of the House of Representatives and the Senate, he initiated and engineered the passage of legislation that nationalized the healthcare industry despite overwhelming opposition by the American People,

That he has participated in national and international conferences to advocate the discredited theory of global warming and continues to advance Cap-and-Trade legislation based on it; a massive tax on energy use that will undermine the recovery of the economy,

That he has failed to protect the United States by failing to secure its southern border with Mexico and is threatening to take legal action against Arizona, a sovereign State that has passed legislation in lieu of that failure,

That he has consistently advocated “global government� over the sovereignty of the United States,

« Read the rest of this post HERE! »

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