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. 

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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.

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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 Mortgage_Home_UnderwaterAmericans 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.

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Posted May 6, 2009 by
Economy, mortgage | 34 comments

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


“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.

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


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.

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Posted January 27, 2009 by
Business, Economy, mortgage | 9 comments

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