CT Democrat Senator Christopher Dodd Trails Republican Challenger Rob Simmons 48% - 39%

Chris Dodd’s scandals will cost him dearly in 2010 Senate election.

A sign of things to come? Incumbent Democrats with poor polling numbers. How much will the current economy, unemployment and government spending hurt Democrats in the upcoming 2010 elections? When a party controls the White House, Senate and the House of Representatives, they have no one to blame but them self.

A recent Quinnipiac University Connecticut Poll shows that incumbent Democratic Senator Christopher Dodd trails the likely Republican challenger, Rob Simmons, 48% to 39%. What do the Nutmeg State voters say is Dodd’s most glaring weakness? They do not think he is trust worthy. What is also a glaring common thread these days is Obama’s approval rating is down 8 points as well in Connecticut. With many in CT saying they do not think the economy will be getting better in the near future, the 2010 elections will be a watershed moment for Democrats and Obama.

Connecticut Sen. Christopher Dodd trails former U.S. Rep. Rob Simmons, a likely Republican challenger 48 - 39 percent in the 2010 Senate race, but he is inching up in his job approval to a negative 42 - 52 percent approval rating, according to a Quinnipiac University poll released today.
 
The matchup compares to a 45 - 39 percent Simmons lead in a May 27 poll by the independent Quinnipiac (KWIN-uh-pe-ack) University.
 
In this latest survey, Simmons leads 87 - 7 percent among Republicans and 56 - 27 percent among independent voters, while Sen. Dodd takes Democrats 74 - 16 percent. The incumbent has gained among Democrats, but lost independent support since May 27. 

Read more

Obamanomics: US Unemployment Rate Climbs to a 26 Year High at 9.5%

Obamanomics you can believe in … More Obama change you can believe in … Jobless claims higher than expected as 467,000 jobs lost in June, driving the unemployment rate up to a 26-year high of 9.5 percent. The economic carnage continues and everything that Obama has done or proposed has not helped, in fact it might have made matters worse.

The Labor Department report, released Thursday, showed that even as the recession flashes signs of easing, companies likely will want to keep a lid on costs and be wary of hiring until they feel certain the economy is on a solid ground. June’s payroll reductions were deeper than the 363,000 that economists expected.

Read more

OUCH: 1 in 5 Americans Owe More on Mortgage than Home is Worth … Underwater Mortgages

From Yahoo Finance, home values continue to decline in the first quarter of 2009. More than in 5 Americans or 21.9 percent of all American homeowners have a negative equity and find themselves underwater.

Home values in the United States extended their fall in the first quarter, with more than one in five homeowners now owing more on their mortgages than their homes are worth, real estate website Zillow.com said on Wednesday.

U.S. home values posted a year-over-year decline of 14.2 percent to a Zillow Home Value Index of $182,378, resulting in a total 21.8 percent drop since the market peaked in 2006, according to Zillow’s first-quarter Real Estate Market Reports, which encompass 161 metropolitan areas and cover the value changes in all homes, not just homes that have recently sold.

Read more

More Government Spending: Obama Unveils $275 Billion Plan to Shore Up Housing/Mortgages … Fannie Mae and Freddie Mac Bail Out

CHANGE YOU CAN BELIEVE IN … REWARDING THOSE FOR DOING WHAT THEY ARE SUPPOSED TO DO …

“The biggest outrage is that the president’s plan actually will use taxpayer money to pay people to do what they are already supposed to do — pay their mortgage” (AL Senator: Richard Shelby)

And some say that because we talk about politics, we are not a crime blog. Wake up folks as what is being perpetrated upon you is a real and true crime.

When will the Obama government spending stop, why do we keep rewarding people for failing and who is going to pay for all of this? Does John Q. Public really think that the government pays for these bills? Your children and grand children will be paying these bills. Start printing up the Obama dollars and wait for inflation to set in.

Obama just got through passing a 787 billion stimulus “pork” spending plan and now he unveils a $275 billion mortgage payment bail out.  Is anyone adding all this up as I have run out of fingers and toes to count? Fannie Mae and Freddie Mac, the very institutions that caused much of the credit/mortgage crisis are being bailed out to reek havoc on America again. WTF! 

U.S. President Barack Obama pledged $275 billion to cut mortgage payments for as many as 9 million struggling homeowners and enable Fannie Mae and Freddie Mac to keep loan rates down.

The plan includes $75 billion to reduce monthly payments for borrowers, helps homeowners with loans owned or backed by Fannie Mae and Freddie Mac to refinance at lower rates and promises incentives to industry. Obama will double by $200 billion funding available for Fannie and Freddie to buy loans.

Read more

McDonald’s Loving It … 80% Profit in 2008 … Also Home Sales Rebound Up

BIG MAC … BIG PROFITS!!!

It does not look like everyone had a bad business year in 2008. Fast food giant McDonald’s is truly “Loving It” as they posted an 80% profit in 2008. Gotta love the dollar menu. McDonald’s proves recession resistant.

US fast-food giant McDonald’s said Monday its 2008 net profit soared 80 percent from a year, lifted by growing demand from consumers seeking low-cost meals in a deepening global recession.

Read more

What Has Happened to America … “Are You an Idiot to Keep Paying Your Mortgage?”

America was built on the hard work, perseverance and responsibilty of generations and generations of people. Individuals faced tough times and the road bumps of life and over came life’s issues, trials and tribulations because they were responsible and wanted to succeed. There use to be a time when taking the easy way and especially fradulent way out was looked down upon.

Today, can that still be said to be true. In the, as News Busters calls it the “You have got to be Kidding Me” moment and as we just like to say WTF … the San Francisco Chronicle actly had an artice advocating for people to stop making payments on their mortgage so that they would qualify for the government bail out package. Some how if one buts too much house and one they cannot afford they are supposed to be bailed out and put and even heavier burden on tax payers and responsible home owners who pay their mortgage. Unreal.

From the San Francisco Chronicle: ‘Are you an idiot to keep paying your mortgage’?

Should you keep paying your mortgage?

If you have significant equity in your home, absolutely.

If you don’t, it’s getting harder to answer that question, especially when our government keeps giving people who owe more than their homes are worth so many reasons not to pay.

Last week, the government announced a program that will substantially lower payments for many homeowners who have little or no equity, but only if they are at least 90 days delinquent.

Here is how one qualifies for this program that will be abused just like ever other government hand out or entitlement. Go to NewsBusters and read more on the ridiculousness of the plan and the program that is destine for abuse.

Read more

Obama’s Spreading the Wealth Socialist Plan … To Pay for his Voters Gas and Mortgage

In the end the Obama campaign is all about a hand out and a further dependency on the government.

Sharing your money is neither patriotic or neighborly, it is socialism. Every day in America people take the personal responsibility to donate to charities by choice, not government force. What does Obama have against the American Dream and Americans right of choice and prosperity?

This is hardly the American Dream that we grew up with, let alone our parents and grandparents. Nanny government is never what our Founding Fathers ever envisioned.

The American dream has always been to work hard, save your money, and you to can strive for excellence and be rewarded for your determination and effort. Who knew that in today’s America, according to Barack Obama and his followers, that your hard work and effort is not meant to benefit your family. In Obamunism your hard work, blood, sweat and tears is meant to pay for some one else’s gas and mortgage, not your own.

Welcome to the socialist world of entitlements where personal responsibility means nothing. Its about government forced charity and the buying of votes and an election.

One might ask the Obama supporter in the video and all that subscribe to Obumunism the following question. Why is it that Barack Obama cannot seem to personally help out his own family with his own wealth, yet Obama is perfectly comfortable taking, spending and sharing your wealth with others.

• If Obama could not take care of his illegal alien aunt living in Boston, MA in public housing or his brother in Kenya in a mud hut slum, why do you think that he will take care of you?

 OBAMA IS GOING TO PAY FOR MY GAS AND MORTGAGE

Another must see video … how many people actually believe that if Obama becomes President of the United States actually believe that she will not have to pay for gas anymore or have to pay a mortgage. The Obamamessiah will pay for it all with a wave a of a wand and the sprinkling of some fairy dust.

 Peggy Joseph … all my bills will be paid by the Obamamessiah and I will have no personal responsibility.

McCain Finally Brings a Gun to a Gun Fight and Hammers Obama on Character, Honesty and Blasts Barack & Democrats for Fannie Mae Failure

The Obama, Democrat lie has gone on far too long regarding the financial failure of Fannie Mae and Freddie Mac and who was to blame. How could McCain be to blame when he was calling for regulations and oversight as Democrats blocked his efforts?

FINALLY, FINALLY THE MAVERICK EMERGES … John McCain finally takes the gloves off and tomorrow nights Presidential debate in Nashville, TN stands to be a battle royal. As Wake Up America says, Its about Damn time.  Michelle Malkins echos, “Maybe McCain does want to win: He finally attacks Obama on Fannie/Freddie”. A word of wisdom to the McCain campaign … don’t stop the fight until the fight is done.

Read the following remarks from McCain’s campaign stop in Albuquerque, NM. McCain blasts Obama and sets the record straight on the failing of Fannie Mae. Maybe Americans would be interested in what really happened and why it failed.

Senator Obama has accused me of opposing regulation to avert this crisis. I guess he believes if a lie is big enough and repeated often enough it will be believed. But the truth is I was the one who called at the time for tighter restrictions on Fannie Mae and Freddie Mac that could have helped prevent this crisis from happening in the first place.

Senator Obama was silent on the regulation of Fannie Mae and Freddie Mac, and his Democratic allies in Congress opposed every effort to rein them in. As recently as September of last year he said that subprime loans had been, quote, “a good idea.” Well, Senator Obama, that “good idea” has now plunged this country into the worst financial crisis since the Great Depression.

SOME STRAIGHT TALK FROM JOHN MCCAIN

My opponents touchiness every time he is questioned about his record should make us only more concerned. For a guys who has already authored two memoirs, he is not exactly an open book. It’s as if some how the usual rules don’t apply, and where other candidates have to explain themselves and their records, Senator Obama seems to think he’s above all that … All the people want to know is what has this man ever actually accomplished in government?

Read more

Full Contact TV: Bill O’Reilly Blasts Rep. Barney Frank, Chairman of the House Services Committee, For His Roll in Failed Fannie Mae-Freddie Mac

LET’S GET READY TO RUMBLE … Welcome to FCT, Full Contact TV

Tonight on The Factor, Bill O’Reilly ripped Barny Frank, House Representative and Chairman of the House Services Committee, for his roll in the failed Fannie Mae-Freddie Mac scandal. WOW, this is must see You Tube!!! Watch what happens when Barney Frank tries to lie his way out of what he actually said. Make no mistake who was to blame for these financial disasters and who looked the other way and ran cover while Fannie and Freddie sank deeper into total failure.

O’Reilly calls Frank a coward for not being man enough to own up for his part in the Fannie Mae-Freddie Mac scandal. Just another example of a gutless politician who maintains his power while screwing “We the People”.  Grab a drink and some chips and enjoy this beat down.

Starting five years ago, when Frank rejected Bush administration efforts to clamp down on Fannie and Freddie, claiming they were - quote - “not facing a financial crisis,” dismissing fears as exaggerations that would “pressure” the lenders to cut back on housing loans to those in need.

Barely 15 months later, with Fannie and Freddie engulfed in scandal over the same “terrible mistakes” Frank so abhors in the private sector, he was conceding they might need to be “better regulated,” but “not at the expense of housing” loans.

Fast forward another year, and Frank was still fighting off efforts to curb Fannie and Freddie’s borrowing, rejecting a regulator’s bid for greater authority, and clearing the way for larger and more lucrative loans, all by way of resisting Republican “extremism,” Frank said.

August of 2007, another push by regulators for more oversight is dismissed by Frank, now Chairman of the House Financial Services Committee, as “inane.”

So, is Barney Frank blameless for the Fannie-Freddie fiasco?

Sorry, congressman, the Spin-o-Meter knows a whopper when it tastes one.

 Barney Frank on Fannie Mae and Freddie Mac in 2003 discussing oversight. As the Gateway Pundits states, Frank’s comments concerning Fannie Mae and Freddie Mac might actually be considered funny, it it didn’t wind up costing “We the People” $700 billion.

That is, in my view, the two government sponsored enterprises we are talking about here, Fannie Mae and Freddie Mac, are not in a crisis. We have recently had an accounting problem with Freddie Mac that has led to people being dismissed, as appears to be appropriate. I do not think at this point there is a problem with a threat to the Treasury.

 

I must say we have an interesting example of self-fulfilling prophecy. Some of the critics of Fannie Mae and Freddie Mac say that the problem is that the Federal Government is obligated to bail out people who might lose money in connection with them. I do not believe that we have any such obligation. And as I said, it is a self-fulfilling prophecy by some people.

 

So let me make it clear, I am a strong supporter of the role that Fannie Mae and Freddie Mac play in housing, but nobody who invests in them should come looking to me for a nickel–nor anybody else in the Federal Government.

Change We Can Believe In … Judicial Watch files Complaint with FEC over Obama’s Discounted Mortgage with Northern Trust

More Change that We Can Believe In … Sounds like the same old political song and dance.

The Hill is reporting that Judicial Watch has filed a complaint with the Federal Election Commission (FEC) and the Senate Ethics Committee against Democratic Presidential candidate Sen. Barack Obama over a discounted mortgage that he received from Northern Trust. Isn’t this what Obama supposedly rails against, the preferential and special treatment of politicians? Did Obama get a Countrywide-like sweet heart mortgage deal that John Q. Public would never have been provided?

Judicial Watch, a conservative legal watchdog group, filed the report after The Washington Post reported that Obama received a discount on a mortgage for a Chicago home valued at $1.65 million. The complaints said the Illinois senator received a loan at the interest rate of 5.625 percent, which Judicial Watch says is lower than the standard rate of between 5.93 and 6 percent indicated by surveys.

The complaint asks the Senate Ethics Committee to investigate whether the favorable rates constitute a prohibited “gift” under Senate rules.

Oh, and by the way he complaint also notes that Northern Trust employees have given $71,000 in donations to Obama’s campaigns. Hmm … There is some change we can believe in.

As Red State points out … “According to Judicial Watch, Northern Trust Vice President John O’Connell essentially admitted the company provided Obama preferential loan terms because of his position in the U.S. Senate”.