Barack Osama is a socialist and I can prove it: 1.) His mentor was Frank Marshall Davis, an absolute socialist 2.)His mother was a communist sympathizer and Obama today says that what she taught him remains his touchstone as to how he goes about the world of politics. 3.) He admits reading Marxist literature.
It's funny, my friend used to have an 'im barak Obama' ring tone and wed go back and forth saying 'no..I'M barak Obama!!'. If he still had that ring tone now, we would be saying 'no YOU'RE barak Obama!!' Instead -_-
President Obama
The newest poll about the 2012 presidential election says one-third of Democrats and independents who lean to the left side of the field are unhappy with Barack Obama as the party's standard-bearer and are looking for some new faces to enter the race.
The startling results are from the newest WND/Wenzel Poll conducted by Wenzel Strategies. The telephone survey was conducted Oct. 22-25 and carries a margin of error of plus or minus 3.6 percentage points.
Responding to a question about how satisfied they are with Obama as the nominee, only 55 percent said they were very satisfied. Another 24 percent said they were somewhat satisfied, but that group apparently started falling away quickly, because fully one-third (35 percent) said that would "prefer tha...
the economy and uemployment. even dems, whites black, senior snad kids are against him now. have the articles start with one.
President Obama
The newest poll about the 2012 presidential election says one-third of Democrats and independents who lean to the left side of the field are unhappy with Barack Obama as the party's standard-bearer and are looking for some new faces to enter the race.
The startling results are from the newest WND/Wenzel Poll conducted by Wenzel Strategies. The telephone survey was conducted Oct. 22-25 and carries a margin of error of plus or minus 3.6 percentage points.
Responding to a question about how satisfied they are with Obama as the nominee, only 55 percent said they were very satisfied. Another 24 percent said they were somewhat satisfied, but that group apparently started falling away quickly, because fully one-third (35 percent) said that would "prefer that someone else enter the race" for the nomination.
Just what's going on in Washington? See it in"Culture of Corruption: Obama and His Team of Tax Cheats, Crooks, and Cronies"
It revealed some key demographics where Obama is failing to convince voters of his value.
"Among Democrats and Democrat-leaning independents, just 79 percent said they are satisfied with Barack Obama as their standard bearer in the presidential race, which is a startling finding," said Fritz Wenzel, chief of Wenzel Strategies.
"This means the incumbent president is unable to get one of every five voters that should be solidly in his political corner. Just a little more than half – 55 percent – said they were 'very satisfied' with Obama," he said.
Obama's problem is with independents who are inclined to support the Democratic ticket, as just 53 percent said they are satisfied with Obama," he said. "But the news gets worse for Obama, as 35 percent said someone else should enter the primary race against Obama, including half of Democrat-leaning independents.
"And among a demographic group that should be rock solid for Obama – Democratic voters under age 30 – 59 percent said they would prefer Obama to get a challenge for his party’s nomination."
The attitude of support for Obama was revealed in the fact that 34.5 percent of the respondents said they weren't even sure who should challenge Obama.
The largest camp, nearly 44 percent, said Obama should be challenged by Hillary Clinton, and more than nine percent said the vice president, Joe Biden, should try to kick his boss out of office.
Other names that were suggested, mostly with only nominal support, included Harry Reid, Nancy Pelosi, Andrew Cuomo, Ralph Nader, Jerry Brown and Donald Trump, who was the only name also mentioned as a desired candidate on the Republican side.
"The overwhelming choice for the role of challenger is very clear, as 44 percent said they would like to see Secretary of State Hillary Clinton enter the race," said Wenzel. "No one [else] of a group of possible candidates won double-digit support."
The poll revealed that among Democrats and Democrat-leaning independents, about 19 percent said they simply were dissatisfied with Obama. In what could be a significant precursor, only 22 percent of the independents who said they lean Democratic reported being very satisfied with Obama.
A strong presence of dissatisfaction also was present among white Democrats (more than 25 percent were dissatisfied with Obama) and among Asian voters, where more than 19 percent were "not at all satisfied."
In what could be another omen for Obama, his support faltered badly among Hispanics, where nearly 41 percent said they wanted another choice on the Democratic side.
And in another segment from which Obama got great support during 2008, 59.3 percent of those under age 30 said they wanted someone else to enter the race for the Democratic nomination.
_____________________________... Read the results of the poll questions, asked of Democrats or Democrat-leaning independents:
How satisfied are you with Barack Obama as the Democratic Party nominee for president?
Would you prefer that someone else enter the race for the Democratic Party nomination?
Which of the following would you most prefer to enter the race for president?
Stirrng up troubles in the populace;spending like a drunk sailor; and regulating everything..you may have hated Bush..but this man; is killing the country
better look at your unemploymemt and econmy he cant win. Hes cute ,is that why your voting for him. even his own party is starting to go agaist him, senior, whites, black, hispanics to want me to go on. have the articles to prove it. he can't win.
your joking right look at the economy unelpoyment. no president has ever one reelection. now dems independents and seniors, whites , kids , and hispanic have all dropped since 2008 tell me how hw can win i have the articles.
all his bills are is more stimulus, that didnt work in the first place. Taking money from millioners to make jobs, thats wealthdistibution. how does that help mmmmm,never work in any communist or socialist nation they all go broke. Russia and greece ring a bell.
PLEASE the only way the Republicans can win is by keep unemployment as high as possible.. Republicans well not create any jobs,,VOTE ALL REPUBLICANS OUT
President Obama The newest poll about the 2012 presidential election says one-third of Democrats and independents who lean to the left side of the field are unhappy with Barack Obama as the party's standard-bearer and are looking for some new faces to enter the race. The startling results are from the newest WND/Wenzel Poll conducted by Wenzel Strategies. The telephone survey was conducted Oct. 22-25 and carries a margin of error of plus or minus 3.6 percentage points. Responding to a question about how satisfied they are with Obama as the nominee, only 55 percent said they were very satisfied. Another 24 percent said they were somewhat satisfied, but that group apparently started falling away quickly, because fully one-third (35 percent) said that would "prefer that someone else enter the race" for the nomination. Just what's going on in Washington? See it in"Culture of Cor...
President Obama The newest poll about the 2012 presidential election says one-third of Democrats and independents who lean to the left side of the field are unhappy with Barack Obama as the party's standard-bearer and are looking for some new faces to enter the race. The startling results are from the newest WND/Wenzel Poll conducted by Wenzel Strategies. The telephone survey was conducted Oct. 22-25 and carries a margin of error of plus or minus 3.6 percentage points. Responding to a question about how satisfied they are with Obama as the nominee, only 55 percent said they were very satisfied. Another 24 percent said they were somewhat satisfied, but that group apparently started falling away quickly, because fully one-third (35 percent) said that would "prefer that someone else enter the race" for the nomination. Just what's going on in Washington? See it in"Culture of Corruption: Obama and His Team of Tax Cheats, Crooks, and Cronies" It revealed some key demographics where Obama is failing to convince voters of his value. "Among Democrats and Democrat-leaning independents, just 79 percent said they are satisfied with Barack Obama as their standard bearer in the presidential race, which is a startling finding," said Fritz Wenzel, chief of Wenzel Strategies. "This means the incumbent president is unable to get one of every five voters that should be solidly in his political corner. Just a little more than half – 55 percent – said they were 'very satisfied' with Obama," he said. Obama's problem is with independents who are inclined to support the Democratic ticket, as just 53 percent said they are satisfied with Obama," he said. "But the news gets worse for Obama, as 35 percent said someone else should enter the primary race against Obama, including half of Democrat-leaning independents. "And among a demographic group that should be rock solid for Obama – Democratic voters under age 30 – 59 percent said they would prefer Obama to get a challenge for his party’s nomination." The attitude of support for Obama was revealed in the fact that 34.5 percent of the respondents said they weren't even sure who should challenge Obama. The largest camp, nearly 44 percent, said Obama should be challenged by Hillary Clinton, and more than nine percent said the vice president, Joe Biden, should try to kick his boss out of office. Other names that were suggested, mostly with only nominal support, included Harry Reid, Nancy Pelosi, Andrew Cuomo, Ralph Nader, Jerry Brown and Donald Trump, who was the only name also mentioned as a desired candidate on the Republican side. "The overwhelming choice for the role of challenger is very clear, as 44 percent said they would like to see Secretary of State Hillary Clinton enter the race," said Wenzel. "No one [else] of a group of possible candidates won double-digit support." The poll revealed that among Democrats and Democrat-leaning independents, about 19 percent said they simply were dissatisfied with Obama. In what could be a significant precursor, only 22 percent of the independents who said they lean Democratic reported being very satisfied with Obama. A strong presence of dissatisfaction also was present among white Democrats (more than 25 percent were dissatisfied with Obama) and among Asian voters, where more than 19 percent were "not at all satisfied." In what could be another omen for Obama, his support faltered badly among Hispanics, where nearly 41 percent said they wanted another choice on the Democratic side. And in another segment from which Obama got great support during 2008, 59.3 percent of those under age 30 said they wanted someone else to enter the race for the Democratic nomination. _____________________________... Read the results of the poll questions, asked of Democrats or Democrat-leaning independents: How satisfied are you with Barack Obama as the Democratic Party nominee for president? Would you prefer that someone else enter the race for the Democratic Party nomination? Which of the following would you most prefer to enter the race for president?
you are joking right, no president with an econmy and approval rating has ever been relected history my dear. dream as you may, he would have to change history. Not a lot of new faces coming out for him, loss your base and his lost states, that got him elected. now the electorite votes are not there, florida is going red again. ohio will go red. Doesn't matter on popular vote matter on electorials. texas has picked up a lot while other states have lost comes down to count on electorial college. but keep dreaming.
Yes ..But who is responsible for the bad economy?? First there was Republican George Bush for 8 years.. Now its the Republican house of representatives.. Only very stupid people do not know that 90% of the problems are caused the Republicans.. Republicans want a bad economy not the Democrats.
oh know its obamas economy now he can fix it regan did it with a bad cater one don't go there with your dem propganda. ow lets fanny may were all dems wanna go there they had the congerss and house last 2rys wanna go there. let me remind you what we had before obama
January 3, 2007 was the day that Democrats took control of both houses of Congress. Let's take a factual look at what they inherited.
The DOW Jones closed at 12,621.77
The unemployment rate was 4.6%
The GDP for the previous quarter was 3.5%
The economy had just set a record of 52 straight months of job creation
26 million Americans were on food stamps
47 banks were on the FDIC problem list
The Social Security program took in the neighborhood of 100 billion more than it paid out
The national debt was approaching 9 trillion dollars
Barney Frank took over the House Financial Services Committee and Chris Dodd took over the Senate Banking Committee
Obama became a Senator from Illinois
Bush was on record requesting restraint on Freddie Mac and Fannie Mae 17 times
Since then, it was Freddie Mac and Fannie Mae that dumped trillions of dollars of toxic assets on taxpayers. It was Obama who got the third highest pay-out from Fannie Mae and Freddie Mac. It was the Democratic Congress that defended them along the way.
So since it was the De...
oh know its obamas economy now he can fix it regan did it with a bad cater one don't go there with your dem propganda. ow lets fanny may were all dems wanna go there they had the congerss and house last 2rys wanna go there. let me remind you what we had before obama
January 3, 2007 was the day that Democrats took control of both houses of Congress. Let's take a factual look at what they inherited.
The DOW Jones closed at 12,621.77
The unemployment rate was 4.6%
The GDP for the previous quarter was 3.5%
The economy had just set a record of 52 straight months of job creation
26 million Americans were on food stamps
47 banks were on the FDIC problem list
The Social Security program took in the neighborhood of 100 billion more than it paid out
The national debt was approaching 9 trillion dollars
Barney Frank took over the House Financial Services Committee and Chris Dodd took over the Senate Banking Committee
Obama became a Senator from Illinois
Bush was on record requesting restraint on Freddie Mac and Fannie Mae 17 times
Since then, it was Freddie Mac and Fannie Mae that dumped trillions of dollars of toxic assets on taxpayers. It was Obama who got the third highest pay-out from Fannie Mae and Freddie Mac. It was the Democratic Congress that defended them along the way.
So since it was the Democrats that were really driving the car, I think they get the DUI even though they insisted Bush was driving. I think the evidence speaks for itself.
THIS WAS KNOWN IN 1994 MAYBE 1985.. It should have been fixed 16 or 26 years ago.. THIS WAS NOT CAUSED BY PRESIDENT OBAMA Market Place; Those mortgage-backed derivative securities are about dead in the water.
By Floyd Norris Published: April 12, 1995
TAKE big losses. Mix in a lot of bad publicity. What do you get? A market that is almost dead.
The creators of mortgage-backed derivative securities, who were churning out more than $1 billion a day of new merchandise early last year, managed to sell just $5.1 billion of such securities in the first quarter of this year. That was down an immodest 94 percent from the $82.5 billion sold in the first quarter of 1994.
"Nobody wants to buy them," said Guy Cecela, the editor and publisher of Inside Mortgage Securities, a newsletter in Bethesda, Md., that compiled the figures.
The figure was down even from the fourth quarter of 1994, which had looked like about the worst possible, when $6.1 billion in such securities were issued, and was the lowest since the last quarter of 1985, when $5 billion were issued. At the peak, in the third quarter of 1993, issuance came to $100.5 billion.
Mortgage-backed derivative securities take pools of mortgages and cut up the cash flows into several different securities. Those securities can have a wide variety ...
THIS WAS KNOWN IN 1994 MAYBE 1985.. It should have been fixed 16 or 26 years ago.. THIS WAS NOT CAUSED BY PRESIDENT OBAMA Market Place; Those mortgage-backed derivative securities are about dead in the water.
By Floyd Norris Published: April 12, 1995
TAKE big losses. Mix in a lot of bad publicity. What do you get? A market that is almost dead.
The creators of mortgage-backed derivative securities, who were churning out more than $1 billion a day of new merchandise early last year, managed to sell just $5.1 billion of such securities in the first quarter of this year. That was down an immodest 94 percent from the $82.5 billion sold in the first quarter of 1994.
"Nobody wants to buy them," said Guy Cecela, the editor and publisher of Inside Mortgage Securities, a newsletter in Bethesda, Md., that compiled the figures.
The figure was down even from the fourth quarter of 1994, which had looked like about the worst possible, when $6.1 billion in such securities were issued, and was the lowest since the last quarter of 1985, when $5 billion were issued. At the peak, in the third quarter of 1993, issuance came to $100.5 billion.
Mortgage-backed derivative securities take pools of mortgages and cut up the cash flows into several different securities. Those securities can have a wide variety of characteristics, including some fairly exotic ones, and since such securities were invented in 1983, the number of ways a pool could be cut up grew as investment bankers vied with each other in creativity.
my point is you didnt hear reagan crying when cater gave him one obama all he can say its bushes fault. if a boss tells you jimmy screwed up and tells you to fix it you going to blame it on jimmy or do what the boss tells you? the people elected him its his economy 6 months after he took office fix it. oh damn he did and we are worse off arent we.
BOY you sure change your point a lot. Fact is these no good Mortgage derivatives have been around a very long time..And people made billions & billions of dollars selling them
my whole point is this obamas economy stop blaming it on the other guy and hes going to loss. thats the whole point. he messed up take the blame and loss. not changing my toon one artical can find five against it. every enconomist is diffrent.
ELECTION 2012
Revolt! Now Democrats want Obama off ballot
Stunning percentage seeking 1-term status for president
_____________________________...
Posted: November 06, 2011
5:08 pm Eastern
By Bob Unruh
© 2011 WND
Editor's note: This is another in a series of "WND/WENZEL POLLS" conducted exclusively for WND by the public-opinion research and media consulting company Wenzel Strategies.
President Obama
The newest poll about the 2012 presidential election says one-third of Democrats and independents who lean to the left side of the field are unhappy with Barack Obama as the party's standard-bearer and are looking for some new faces to enter the race.
The startling results are from the newest WND/Wenzel Poll conducted by Wenzel Strategies. The telephone survey was conducted Oct. 22-25 and carries a margin of error of plus or minus 3.6 percentage points.
Responding to a question about how satisfied they are with Obama as the nominee, only 55 percent said they were very satisfied. Another 24 percent said they were somewhat satisfied, but that group apparently started falling away quickly, because fully one-third (35 percent) said that would "prefer tha...
ELECTION 2012
Revolt! Now Democrats want Obama off ballot
Stunning percentage seeking 1-term status for president
_____________________________...
Posted: November 06, 2011
5:08 pm Eastern
By Bob Unruh
© 2011 WND
Editor's note: This is another in a series of "WND/WENZEL POLLS" conducted exclusively for WND by the public-opinion research and media consulting company Wenzel Strategies.
President Obama
The newest poll about the 2012 presidential election says one-third of Democrats and independents who lean to the left side of the field are unhappy with Barack Obama as the party's standard-bearer and are looking for some new faces to enter the race.
The startling results are from the newest WND/Wenzel Poll conducted by Wenzel Strategies. The telephone survey was conducted Oct. 22-25 and carries a margin of error of plus or minus 3.6 percentage points.
Responding to a question about how satisfied they are with Obama as the nominee, only 55 percent said they were very satisfied. Another 24 percent said they were somewhat satisfied, but that group apparently started falling away quickly, because fully one-third (35 percent) said that would "prefer that someone else enter the race" for the nomination.
Just what's going on in Washington? See it in"Culture of Corruption: Obama and His Team of Tax Cheats, Crooks, and Cronies"
It revealed some key demographics where Obama is failing to convince voters of his value.
"Among Democrats and Democrat-leaning independents, just 79 percent said they are satisfied with Barack Obama as their standard bearer in the presidential race, which is a startling finding," said Fritz Wenzel, chief of Wenzel Strategies.
"This means the incumbent president is unable to get one of every five voters that should be solidly in his political corner. Just a little more than half – 55 percent – said they were 'very satisfied' with Obama," he said.
Obama's problem is with independents who are inclined to support the Democratic ticket, as just 53 percent said they are satisfied with Obama," he said. "But the news gets worse for Obama, as 35 percent said someone else should enter the primary race against Obama, including half of Democrat-leaning independents.
"And among a demographic group that should be rock solid for Obama – Democratic voters under age 30 – 59 percent said they would prefer Obama to get a challenge for his party’s nomination."
The attitude of support for Obama was revealed in the fact that 34.5 percent of the respondents said they weren't even sure who should challenge Obama.
The largest camp, nearly 44 percent, said Obama should be challenged by Hillary Clinton, and more than nine percent said the vice president, Joe Biden, should try to kick his boss out of office.
Other names that were suggested, mostly with only nominal support, included Harry Reid, Nancy Pelosi, Andrew Cuomo, Ralph Nader, Jerry Brown and Donald Trump, who was the only name also mentioned as a desired candidate on the Republican side.
"The overwhelming choice for the role of challenger is very clear, as 44 percent said they would like to see Secretary of State Hillary Clinton enter the race," said Wenzel. "No one [else] of a group of possible candidates won double-digit support."
The poll revealed that among Democrats and Democrat-leaning independents, about 19 percent said they simply were dissatisfied with Obama. In what could be a significant precursor, only 22 percent of the independents who said they lean Democratic reported being very satisfied with Obama.
A strong presence of dissatisfaction also was present among white Democrats (more than 25 percent were dissatisfied with Obama) and among Asian voters, where more than 19 percent were "not at all satisfied."
In what could be another omen for Obama, his support faltered badly among Hispanics, where nearly 41 percent said they wanted another choice on the Democratic side.
And in another segment from which Obama got great support during 2008, 59.3 percent of those under age 30 said they wanted someone else to enter the race for the Democratic nomination.
_____________________________...
Read the results of the poll questions, asked of Democrats or Democrat-leaning independents:
How satisfied are you with Barack Obama as the Democratic Party nominee for president?
Would you prefer that someone else enter the race for the Democratic Party nomination?
Which of the following would you most prefer to enter the race for president?
Read more: Revolt! Now Democrats want Obama off ballot http://www.wnd.com/?pageId=36...
Read more: Revolt! Now Democrats want Obama off ballot http://www.wnd.com/?pageId=36...
tell me how hw can win i have the articles.
ELECTION 2012
Revolt! Now Democrats want Obama off ballot
Stunning percentage seeking 1-term status for president
_____________________________...
Posted: November 06, 2011
5:08 pm Eastern
By Bob Unruh
© 2011 WND
Editor's note: This is another in a series of "WND/WENZEL POLLS" conducted exclusively for WND by the public-opinion research and media consulting company Wenzel Strategies.
President Obama
The newest poll about the 2012 presidential election says one-third of Democrats and independents who lean to the left side of the field are unhappy with Barack Obama as the party's standard-bearer and are looking for some new faces to enter the race.
The startling results are from the newest WND/Wenzel Poll conducted by Wenzel Strategies. The telephone survey was conducted Oct. 22-25 and carries a margin of error of plus or minus 3.6 percentage points.
Responding to a question about how satisfied they are with Obama as the nominee, only 55 percent said they were very satisfied. Another 24 percent said they were somewhat satisfied, but that group apparently started falling away quickly, because fully one-third (35 percent) said that would "prefer that someone else enter the race" for the nomination.
Just what's going on in Washington? See it in"Culture of Cor...
ELECTION 2012
Revolt! Now Democrats want Obama off ballot
Stunning percentage seeking 1-term status for president
_____________________________...
Posted: November 06, 2011
5:08 pm Eastern
By Bob Unruh
© 2011 WND
Editor's note: This is another in a series of "WND/WENZEL POLLS" conducted exclusively for WND by the public-opinion research and media consulting company Wenzel Strategies.
President Obama
The newest poll about the 2012 presidential election says one-third of Democrats and independents who lean to the left side of the field are unhappy with Barack Obama as the party's standard-bearer and are looking for some new faces to enter the race.
The startling results are from the newest WND/Wenzel Poll conducted by Wenzel Strategies. The telephone survey was conducted Oct. 22-25 and carries a margin of error of plus or minus 3.6 percentage points.
Responding to a question about how satisfied they are with Obama as the nominee, only 55 percent said they were very satisfied. Another 24 percent said they were somewhat satisfied, but that group apparently started falling away quickly, because fully one-third (35 percent) said that would "prefer that someone else enter the race" for the nomination.
Just what's going on in Washington? See it in"Culture of Corruption: Obama and His Team of Tax Cheats, Crooks, and Cronies"
It revealed some key demographics where Obama is failing to convince voters of his value.
"Among Democrats and Democrat-leaning independents, just 79 percent said they are satisfied with Barack Obama as their standard bearer in the presidential race, which is a startling finding," said Fritz Wenzel, chief of Wenzel Strategies.
"This means the incumbent president is unable to get one of every five voters that should be solidly in his political corner. Just a little more than half – 55 percent – said they were 'very satisfied' with Obama," he said.
Obama's problem is with independents who are inclined to support the Democratic ticket, as just 53 percent said they are satisfied with Obama," he said. "But the news gets worse for Obama, as 35 percent said someone else should enter the primary race against Obama, including half of Democrat-leaning independents.
"And among a demographic group that should be rock solid for Obama – Democratic voters under age 30 – 59 percent said they would prefer Obama to get a challenge for his party’s nomination."
The attitude of support for Obama was revealed in the fact that 34.5 percent of the respondents said they weren't even sure who should challenge Obama.
The largest camp, nearly 44 percent, said Obama should be challenged by Hillary Clinton, and more than nine percent said the vice president, Joe Biden, should try to kick his boss out of office.
Other names that were suggested, mostly with only nominal support, included Harry Reid, Nancy Pelosi, Andrew Cuomo, Ralph Nader, Jerry Brown and Donald Trump, who was the only name also mentioned as a desired candidate on the Republican side.
"The overwhelming choice for the role of challenger is very clear, as 44 percent said they would like to see Secretary of State Hillary Clinton enter the race," said Wenzel. "No one [else] of a group of possible candidates won double-digit support."
The poll revealed that among Democrats and Democrat-leaning independents, about 19 percent said they simply were dissatisfied with Obama. In what could be a significant precursor, only 22 percent of the independents who said they lean Democratic reported being very satisfied with Obama.
A strong presence of dissatisfaction also was present among white Democrats (more than 25 percent were dissatisfied with Obama) and among Asian voters, where more than 19 percent were "not at all satisfied."
In what could be another omen for Obama, his support faltered badly among Hispanics, where nearly 41 percent said they wanted another choice on the Democratic side.
And in another segment from which Obama got great support during 2008, 59.3 percent of those under age 30 said they wanted someone else to enter the race for the Democratic nomination.
_____________________________...
Read the results of the poll questions, asked of Democrats or Democrat-leaning independents:
How satisfied are you with Barack Obama as the Democratic Party nominee for president?
Would you prefer that someone else enter the race for the Democratic Party nomination?
Which of the following would you most prefer to enter the race for president?
Read more: Revolt! Now Democrats want Obama off ballot http://www.wnd.com/?pageId=36...
Read more: Revolt! Now Democrats want Obama off ballot http://www.wnd.com/?pageId=36...
January 3, 2007 was the day that Democrats took control of both houses of Congress. Let's take a factual look at what they inherited.
The DOW Jones closed at 12,621.77
The unemployment rate was 4.6%
The GDP for the previous quarter was 3.5%
The economy had just set a record of 52 straight months of job creation
26 million Americans were on food stamps
47 banks were on the FDIC problem list
The Social Security program took in the neighborhood of 100 billion more than it paid out
The national debt was approaching 9 trillion dollars
Barney Frank took over the House Financial Services Committee and Chris Dodd took over the Senate Banking Committee
Obama became a Senator from Illinois
Bush was on record requesting restraint on Freddie Mac and Fannie Mae 17 times
Since then, it was Freddie Mac and Fannie Mae that dumped trillions of dollars of toxic assets on taxpayers. It was Obama who got the third highest pay-out from Fannie Mae and Freddie Mac. It was the Democratic Congress that defended them along the way.
So since it was the De...
January 3, 2007 was the day that Democrats took control of both houses of Congress. Let's take a factual look at what they inherited.
The DOW Jones closed at 12,621.77
The unemployment rate was 4.6%
The GDP for the previous quarter was 3.5%
The economy had just set a record of 52 straight months of job creation
26 million Americans were on food stamps
47 banks were on the FDIC problem list
The Social Security program took in the neighborhood of 100 billion more than it paid out
The national debt was approaching 9 trillion dollars
Barney Frank took over the House Financial Services Committee and Chris Dodd took over the Senate Banking Committee
Obama became a Senator from Illinois
Bush was on record requesting restraint on Freddie Mac and Fannie Mae 17 times
Since then, it was Freddie Mac and Fannie Mae that dumped trillions of dollars of toxic assets on taxpayers. It was Obama who got the third highest pay-out from Fannie Mae and Freddie Mac. It was the Democratic Congress that defended them along the way.
So since it was the Democrats that were really driving the car, I think they get the DUI even though they insisted Bush was driving. I think the evidence speaks for itself.
WE ALL KNOW THE REST OF THE STORY!
THIS WAS NOT CAUSED BY PRESIDENT OBAMA
Market Place; Those mortgage-backed derivative securities are about dead in the water.
By Floyd Norris
Published: April 12, 1995
TAKE big losses. Mix in a lot of bad publicity. What do you get? A market that is almost dead.
The creators of mortgage-backed derivative securities, who were churning out more than $1 billion a day of new merchandise early last year, managed to sell just $5.1 billion of such securities in the first quarter of this year. That was down an immodest 94 percent from the $82.5 billion sold in the first quarter of 1994.
"Nobody wants to buy them," said Guy Cecela, the editor and publisher of Inside Mortgage Securities, a newsletter in Bethesda, Md., that compiled the figures.
The figure was down even from the fourth quarter of 1994, which had looked like about the worst possible, when $6.1 billion in such securities were issued, and was the lowest since the last quarter of 1985, when $5 billion were issued. At the peak, in the third quarter of 1993, issuance came to $100.5 billion.
Mortgage-backed derivative securities take pools of mortgages and cut up the cash flows into several different securities. Those securities can have a wide variety ...
THIS WAS NOT CAUSED BY PRESIDENT OBAMA
Market Place; Those mortgage-backed derivative securities are about dead in the water.
By Floyd Norris
Published: April 12, 1995
TAKE big losses. Mix in a lot of bad publicity. What do you get? A market that is almost dead.
The creators of mortgage-backed derivative securities, who were churning out more than $1 billion a day of new merchandise early last year, managed to sell just $5.1 billion of such securities in the first quarter of this year. That was down an immodest 94 percent from the $82.5 billion sold in the first quarter of 1994.
"Nobody wants to buy them," said Guy Cecela, the editor and publisher of Inside Mortgage Securities, a newsletter in Bethesda, Md., that compiled the figures.
The figure was down even from the fourth quarter of 1994, which had looked like about the worst possible, when $6.1 billion in such securities were issued, and was the lowest since the last quarter of 1985, when $5 billion were issued. At the peak, in the third quarter of 1993, issuance came to $100.5 billion.
Mortgage-backed derivative securities take pools of mortgages and cut up the cash flows into several different securities. Those securities can have a wide variety of characteristics, including some fairly exotic ones, and since such securities were invented in 1983, the number of ways a pool could be cut up grew as investment bankers vied with each other in creativity.