BAD NEWS. I will do everything in my power to elect ANYONE BUT OBAMA.
We needto start NOW to make sure that EVERY American knows EXACTLY what OBAMA knows about DEMOCRACY
I vote this pic as the standard for our campaign!
Posted on 02/02/2009 8:31:24 AM PST by Sub-Driver
Obama: Reelection rests on stimulus By: Andy Barr February 2, 2009 10:35 AM EST
President Barack Obama acknowledged Monday that the fate of his reelection four years from now likely rests on the success of the proposed $825 billion stimulus package.
“A year from now, I think people are going to see that we’re starting to make some progress. But there’s still going to be some pain out there,” Obama predicted during an interview on NBC’s “Today Show.”
“If I don’t have this done in three years, then there’s going to be a one-term proposition.”
In acknowledging that his political fortune hinges on the state of the economy, Obama urged the country to be patient in waiting for the stimulus to take effect.
“I do have confidence that we’re going to be able to get it right. But it’s not going to be overnight,” he said. “There are no silver bullets to this. The fact of the matter is that we are suffering from a massive hangover from a binge of risk-taking.”
(Excerpt) Read more at politico.com ...
It all relates back to the price inflation of the home mortgages.
Due to the artificial inflation of home prices caused by the federal government forcing loans, a secondary market was created by banks that wanted to sell these bad mortgages at a discount in order to escape the government induced bad deal.
Banks KNEW the home sale was bad and were willing to forego a good chunk of the long term profits in order to avoid the liability of default. (high risk of default should say)
Eventually the banks realized if they inflated the home prices, the value of the home is meaningless because the SALE OF THE NOTE on the home became the real profit center. The actual house was just the popcorn surrounding the crackerjack prize.
Of course this had a side effect of creating a equity bubble. Suddenly home prices were skyroketing and people could borrow agains the faux equity to “get stuff to make them effemerally happy”. Of course the banks only saw, more notes to sell on the open market. Thus a house’s price inflation created an additional secondary market.
Of course now that prices have fallen to BELOW the value of the first mortgage, the second mortgages are UNSECURED DEBT and dischargable as any other usecured debt.
Reminds me of the Hillbilly's. Granny had a home-made cold remedy, guaranteed to cure the common cold. Mr. Drysdale was going to make millions on it, unitl he found out that the remedy was to take three teaspoons per day of granny's xxx secret potion, and 7-10 days later, you were cured.
Of course it does - those billions for ACORN to get a whole bunch of phantom voters voting for Zero have to come from SOMEWHERE.
Spot on. Precisely what I was thinking.
“If I don’t have this done in three years, then there’s going to be a one-term proposition.”....
I’ll do all I can to help!....
The MSM will call it however Obama wants it to be called.
The democrats know that the economy will right itself, and thus this stimulus bill is just democrat spending and new programs that have nothing to do with the economy. The spending bill is just a Trojan horse to get thier liberal spending through congress.
“... Accordingly, I shall not seek, nor will I accept, the nomination of my party for another term as your president...”
Lyndon Baines Obama, March 31, 2011
What happened to his exalted ‘self-confidence’? 1982 was no picnic but the President at that time boldly asserted that we “stay the course!”
Only way the Obamessiah will be re-elected is if Steele really succeeds at f**king up the GOP like he is planning
Right. ACORN is Obama’s insurance policy that he’ll be re-elected. What a liar- he told his sheeple that he doesn’t have any ties to ACORN, yet he is so beholden to them that he will give them a huge chunk of money with that stimuless program.
If Obama’s reelection rests on the stimulus package, than we must hope that both the stimulus package and he himself fail big time.
A lot of people would buy that nowadays. Heck, a lot of people have (metaphorically speaking).
“A year from now, I think people are going to see that we’re starting to make some progress.”
Wrong. “A year from now,” or sooner, they’ll be looking for more money. Then more again. These jokers are clueless and are taking us down the economic drain.
Yesterday I saw some old friends who are lifelong Democrat voters at the annual Super Bowl party I attend.
I was talking to them about the stimulus package, and they would said that they shared my anger.
“Can you believe the bonuses they gave themselves? Can you believe it?”
They had no idea that I was talking about the stimulus bill currently in Congress. They knew nothing about it. They had no idea what was in it.
These are people who get their news from the MSM.
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