Posted on 07/09/2009 12:15:23 PM PDT by TheFreedomPoster
The Rasmussen Reports daily Presidential Tracking Poll for Thursday shows that 30% of the nation's voters now Strongly Approve of the way that Barack Obama is performing his role as President. Thirty-eight percent (38%) Strongly Disapprove giving Obama a Presidential Approval Index rating of –8.
(Excerpt) Read more at myfreedompost.com ...
Time for 0Buma to call out the troops and find out who’s disagreeing.
Hillary is smiling.
30% of the nation’s voters now Strongly Approve of the way that Barack Obama is performing his role as President.
How many of those voters are actually ALIVE and breathing?
Finally, the Kenyan jugeared muslim is seen to be unfit to command anything outside the community of illiterates he so skillfully organized into a fraudulent voting block.
I'm going to guess his core supporters are about 20% of the voting public. His core supporters would continue to Strongly Approve if he butchered and ate a live baby on national TV. Him being down to 30% says a lot.
No need for impeachment - 0bama is not really POTUS since he is foreign born and a foreign citizen. Remove him now!
If your buddy fishes, he must be educated. How in H did he think a do-nothing/know-nothing sneering muslim would bring positive change?
His Core is somewhere in the 20-30 range, no matter what he does those people will always say he’s going great.
The disengaged “moderate” voters that gave him the election, are bailing on in him droves. They are waking up to buyers remorse big time.
Fauxbama is looking at lame duck status before year end, short of a miracle.
I've been thinking the same thing. Running out of cash, political leverage and popularity, the economy is NOT on Obama's side...
Hell, if he butchered and ate a live baby on national TV, *I'D* be in favor of him.
And, obviously, I'm being sarcastic.
Why Obama said he was going to Fundementally Change America,He was going to Change the Politics In Washington,was going to end the war In Iraq ,Close Gitmo,not raise anyones taxes ,Give everyone a Free College education ,free health Care,Lower the Oceans,make The World love us again,be Totally Transparent,Whats Not to Like?
My friend is kinda of a knucklehead.I knew BO was garbage.
Part of the Subprime crisis was that the defaulters had no principal on their loan; the moment they went underwater, it became profitable to default. Is there any reason to think that people with ARMs will necessarily default in the same propprtions as the subprime borrowers did?
Simply put — YES
The Foreclosures forecast in Post #12 is from a document (March 2007) that predicted the subprime crash, and as most feel, the upcoming "Alt-A" ARM and "Option ARM" borrower crashes in 2010 & 2011. If you've not seen that document, I HIGHLY recommend you view it and save it on your computer for future reference:
THIS is the chart (from PAGE 47, which is the basis for the chart in Post #12 above) that says it all about three- to five-year ARMS:
Borderline borrowers, especially in volatile markets, got talked into ARMs for condos and first-time homes. They were NOT NECESSARILY risky borrowers, but will be caught in the squeeze with rising interest rates. Given other factors such as job losses and falling home prices, there is every indication that foreclosures over the next four years could reach nine million or 18 percent of all mortgages.
Consider the following harsh reality:
— 34% of homeowners don’t know what type of mortgage they have (survey for Bankrate.com)
— 40% of ARM borrowers underestimate the amount of rate change (2006 Fed Reserve survey)
— Over 1/3 consumers preferring ARMs could not calculate the payment increases (2004 Consumer Federation of America survey)
— 24% of homeowners are anxious about ability to make mortgage payments (Survey for TransUnion by GfK Roper)
Many of those ARMs are tied to the LIBOR, which is doing GREAT at the moment, provided the borrower has the cash or equity to refinance.
In 12 months, when the US Prime Lending Rate explodes due to inflation (because of monetization of the Stimulus Bill and Mortgage Bailouts), expect the LIBOR to explode in kind.
Good luck to those who haven't been in the financial position to refi their ARM. |
Hmmm... well, Alt-A is supposed to be a lower risk than Sub-prime (717 credit score vs 646), but I’ll admit I’m a little freaked by what “inadequate documentation” means. If it means that these homes are being sold to people who make money under the table, illegal immigrants, etc., we ARE screwed. Do you know if that’s the case?
... and the scope of the coming Alt-A doesn’t look nearly the size of the passing sub-prime crisis. Are Option ARMs a danger, too? They’re what look like the next huge wave is.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.