Obama touts housing success

Is anyone counting the days till we can vote out Obama?

Is there a countdown clock somewhere?

Obama is a marxist.

Ha ha ha !! This kind of good economic news HAS to be making the deadender Wingnuts (who were hoping for President Obama and America to fail) gnash what's left of their teeth!

Hey Wingnuts, if returning to the tax policies that existed before Bush is the thing that's got a bee in your bonnet, claiming the end of the republic is at hand -- go for it. If you've suddenly decided that preventing government efforts to stave off a second Great Depression is the thing you're going to hang your collective hats on, or that saving one of the prime manufacturing sectors still left in the country is a bridge too far, by all means protest. Who's stopping you? Who's intimidating you?

On the contrary, the rest of us find your crying and wailing to be not only funny but also superbly instructive. It's increasing taxes on the rich that gets your goat, and absolutely nothing else. The only Constitutional crisis possible is one that might possibly affect your wallet; offenses to other people's freedoms don't rouse a tenth of the same emotion from you deadender nutjobs.

And it stands as a dramatic act of solidarity with conservative leaders in government. Bloviate at every opportunity; remain steadfastly in opposition to everything; suggest nothing; claim that it is not even your responsibility to suggest anything. Like House and Senate Limbaugh Republicans, who have declared sitting on their hands to be an act of supreme virtue and who, when pressed, can only come up with a few terse pages of declarations that the only path forward is to give big businesses more tax breaks, and rich Americans more tax breaks, and eliminate even more regulations on financial behavior -- and that will work this time for sure, in spite of those same exact things bringing the country debt and corruption every other time they have been tried, finally leading to this current brink of economic ruin. No, it seems hard to compete with any acts of leadership as impressive as that.....NOT!

Amazing how half a story can get people pissing in their pants and giddy with excitement.

Oh, all you wingnuts??? gnash what's left of your teeth?? this is intellegent communication from the sheeple's church on the mount.

The truth of the matter is this. The only families that are able to refinance their existing mortgages right now are the ones that will be hit hard by the Obama tax increases. They can afford the fees and charges for refinancing through a lender that doesn't hold their own paper, about the same amount if not more of the suggested savings given by the WH.

The middle calls family is not refinancing because of the excessive origination fees, points and other fees associated by none the less than Freddie Mac and Fannie Mae. Go figure?

Don't worry though, Freddie and Fannie are still pumping tons of contributions into the democratic campaign coffers of Obama, Franks, Durbin, Pelosi, Dodd and the rest of the monry grubbing war mongers running Washington these days.

Posted by: Nadine | April 9, 2009 1:12 PM

Nadine, what exactly is "marxist" about encouraging people to refinance their homes?

The only families that are able to refinance their existing mortgages right now are the ones that will be hit hard by the Obama tax increases.
Posted by: springfield | April 9, 2009 2:26 PM
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Psycho Springfield,
Prez Obama and the Dems just passed the largest tax cut in history for the poor and the middle-class so I can only assume that you are among the richest 1-2% in America who benefitted from Bush's tax cuts for the rich the last eight years?....Otherwise, you are a blue collar working class moron who is allowing Wingnut ideology to trump your own well being.

I love reading posts from blue collar Repuglicans who are so blinded by ideology that they argue against their own well being.....it's hilarious!

No doubt these rates are at historic lows and a lot of money can be saved by doing it. Trouble is if you don't have the right debt to equity ratio or are under water on your mortgage no bank is going to refi for you. Unfortunately these are the people who need the help the most.

Ahhhh, Loons, those interest rates cuts had nothing to do with your Messiah. Those interest rate cuts all occurred LAST YEAR, BEFORE Mr. Obama settled into the White House.

There has been an uptick in home sales in our area...noteably. Oh and Lou....the right has to claim some unamerican name so they don't seem unpatriotic when wishing for failure. So patriotic that right....ha ha ha.

This Is News?

Ages ago, Pete Seeger and Peter, Paul, and Mary whined about where all the flowers had gone and asked the rhetorical question, “Oh, when will they ever learn?/ Oh, when will they ever learn?” Since it’s still only April in our very un-Gore-ishly cold country, a plenitude of flowers isn’t due for another month or so but their question in 2009 could very well be directed to the print media, news services, and our new president-in-training: When will they ever learn?

As American newspaper after American newspaper folds, succumbing to the powerful force of the internet, they say, while seemingly oblivious to the reality that millions of us neither believe their slanted reporting nor trust them as far as we can throw a newspaper delivery truck, they nevertheless continue to report the inconsequential and, most egregiously, their skewed version of “the news.” At the same time, reality keeps biting Obama on the arse but he too doesn’t seem in learning mode.

Cases in point:

The Associated Press believes that teenaged Bristol Palin’s romantic life constitutes a newsworthy story: http://www.editorandpublisher.com/eandp/news/article_display.jsp?vnu_content_id=1003950844. The highly-respected AP may next report that Bristol, who happens to be the daughter of the much-reviled governor of Alaska, has developed a nasty pimple or that Baby Tripp contracted a mild case of the croup. I can understand the need for variety in AP wires but do the editors there really believe teen romance, or lack thereof, constitutes “news,” per se? Bristol obviously made the mistake of hooking up with a loser who now craves a piece of the publicity pie. That’s as believable as the distinguished Associated Press making an issue of the rare instance of teen sex gone awry. Or could this be yet another effort to further tarnish Sarah Palin and her family?

As we shiver just going out for the paper in the morning on these expectedly balmy April days, our very astute leader, President Barack Hussein Obama has plans to relieve all our chills. His equally astute science adviser, “John Holdren told The Associated Press . . . that the idea of geoengineering the climate is being discussed. One such extreme option includes shooting pollution particles into the upper atmosphere to reflect the sun’s rays:” http://www.breitbart.com/article.php?id=D97ECHLG1&show_article=1. The AP dutifully reported that bizarre scheme which was long ago debunked as reported here: http://www.genelalor.com/blog1/?p=701. Since Obama notoriously keeps the Oval Office temperature at hothouse levels, he may not be aware that, Baby, it’s cold outside!

Undismayed by climate reality, Barack moved on to social matters and to demonstrate his commitment to transparency and objectivity nominated homosexual Harry Knox to his “faith-based minority council.” Mr. Knox, “a self-professed Christian who holds that the New Testament’s teaching that homosexual behavior is unnatural and wrong–which is found in St. Paul’s letter to the Romans–’is not true:’ ” http://www.cnsnews.com/public/content/article.aspx?RsrcID=46263. Well, go figure! . . .

(Read the rest at http://genelalor.com/)

This is a good economic indicators and we have been seeing many others indicators on the uptick. The economy is on the rise, no thanks to anything done in the past few months.
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Do we still need to pee $780 billion down a hole?

* * * * *
Posted by: Herbie H. | April 9, 2009 4:01 PM
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Hi Herbie,
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You’ve made excellent points, as usual. The only thing I would add is the observation that those with underwater mortgages still represent a potentially catastrophic loss for banks and other financial institutions. The needed ability to absorb more of these losses is probably one of the main reasons why banks are using the government bailout money to decorate their balance sheets, and why lending and credit are still tight.

"Obama is a marxist."
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Time for your meds.

Do we still need to pee $780 billion down a hole?

Posted by: Terry | April 9, 2009 5:30 PM
..............

We did it to STIMULATE the economy, the economy that you tax cuts for the rich/screw everyone else Wingnuts killed while you were in charge the last eight years, you fracking self absorbed Repug sociopath!

Frank You,
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Supply-side tax cuts, lowing of the highest marginal tax rates have led to the 2nd, 3rd, and 5th longest economic expansions in US history. Do you need more proof?
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The economy is recovering, we s/b saving that $780 billion and maybe BO won't run up record deficits.
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If you or your parents have ever paid a single dime for your education, go back to those institutions and demand a refund.

The economy is recovering, we s/b saving that $780 billion and maybe BO won't run up record deficits.
Posted by: Terry | April 9, 2009 9:14 PM
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The economy is recovering because Obama and the Dems are actually doing somthing about it, unlike deadender wackjob Rethugs like you who are sitting on their hands and calling for doing more of what Herbert Hoover did during the great depression: NOTHING.

Go ahead and have the last word, Chuckle head. I know how much it means to your low self esteem.

Dear "You," which is probably another name for the demented and psychopathically sick "JohnE.": Economies do not turn around in a matter of weeks, especially a $15 trillion economy like that of the U.S. Mortgage rates have been low for years and by the end of last year had been in the high 4, low 5 area. Some people are taking advantage of it. Who wouldn't? The real test of the economy will be in retail sales and hiring. The next test will come in a year or two whether there will be hyper-inflation or not because of the all the printing of money to pay for Obama's astronomically high budget deficits.

The next test will come in a year or two whether there will be hyper-inflation or not because of the all the printing of money to pay for Obama's astronomically high budget deficits.

Posted by: John D | April 10, 2009 9:26 AM
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Little Johnny Manboobs - you Wingnuts don't have a leg to stand on when it comes to deficits (or anything else for that matter). Your team lost the last two elections in a landslide for a very good reason, you're IMCOMPETENT.

Now go stand in the corner and be quiet while the adults that won the last two elections fix the messes that you Repugs made of things.

Frank You,
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Tell me one Obama policy that helped factory orders pick up, consumer spending, etc...
These leading economic indicators were turning in February while BO was still trying to fill a cabinet w/people that hadn't cheated on their taxes. Nor had one dollar of the spendulus bill been spent.
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Janet No Brains,
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The deficits that occurred under President Bush are mere change compare to what BO has in his rosy budget scenarios.

the gov website is a sham. most mortgate companies either arent participating in the plan or dont have any info regarding it. i have tried 11 companies to attempt to refinance. and even if they do offer refinancing under obama's plan... you are only eligible if your home has 20% equity in it. thanks for nothing obama.