Posts filed under ‘Fannie Mae’

Idiot Obama Is Trying To Reinflate The Housing Bubble and Create An Even Worse Crash


Idiot Obama is setting mortgage rates so unrealistically low that he will cause re-inflation of the housing bubble when what we need is the opposite.

Home prices need to come down to the level of the 1990s, or drop another 30 to 40 percent for an average used home price just over $100,00 to $110,000.

No true bubble is cured until there is serious deflation and we have just begun to see it.

Fannie Mae is still putting out no money down and 5 percent down mortgages, which is what got us into this mess.

And Brainless Barry’s cram-down in which banks have to write down mortgages just means more banks will lose even more money.

Banks will lose money on the new mortgages being written because people will default when they lose their jobs to China.

Then taxpayers will have to give even more money to the banks.

Obama must get rid of Fannie Mae and GNMA; require 20 percent down payment on new homes; and limit credit card greed by the banks.

Until then Obama is just setting us up for another round of real estate crashes and bank failures.

That will require even bigger taxpayer bailouts, and our dollars and life savings will become Obama Paper, which equals toilet paper.

But you canot invest in real estate to get out of cash because real estate will crash again, and stocks and bonds have truly become toilet paper.

Brainless Barry, you really screwed us.

March 24, 2009 at 11:31 pm 3 comments

Whoowee!! Obama Destroys America


Obama promised $50 billion for the foreclosure problem yesterday, then $75 B this morning, then $275 B, but finally said the government would also buy mortgages from Fannie and Freddie, so actually it will be trillions of taxpayer dollars for toxic mortgages, without limit.

But wait, buying new mortgages from Fannie and Freddie has nothing to do with foreclosures. This is for his newly announced goal.

Barry want to increase home prices.

But our problem is that home prices are still too high and must come down further.

Our problem is too much debt but Brainless Barry wants the government to buy new mortgages from Fannie and Freddie without limit.

Hey! The government has never been authorized to buy new mortgages.

That means our taxes are now being used to replace banks and have Washington issue mortgages with no limit!!!

HHEEELLPPP!!!!!

The world is over.

This by a stroke of the affirmative action pen, democracy, bipartisanship, legislation, and the American Way be damned.

Start posting comments on where we can set up a new nation. This one is no longer inhabitable.

Costa Rica maybe?

February 18, 2009 at 5:25 pm 3 comments

Obama and Congress Sold America Out Again


These morons are actually going to bail out the big 3 auto companies and let them collect yearend Christmas bonuses this month.

My recommendation is ten cents each for all the officers and directors of GM Ford and Chrysler. In fact that is also my recommendation for the 2009 annual compensation for Nancy Pelosi, Harry Reid, Barack Obama, Joe Buy Me Cheep Biden, and everyone else in both Houses of Congress: ten cents a year. And no more free room and board for Nobama’s aunt in public housing in Boston or his mother in law.

December 8, 2008 at 5:32 pm 1 comment

Legalize Gay Marriage? Legalize Prostitution, Then Bailout Viagra With Free Vouchers to Bordellos


Well, we have legalized executive crime, and are using an amount equal to all the taxes that will be collected in the next 20 years to reward other business criminals, such as the auto executives and Wall Street and the ACORN fraudulent mortgages.

Now the citizens of that Socialist, bankrupt State of California are rioting to overturn the will of the people expressed by a clear super-majority vote in a clean and fair election. Specifically the homosexual population are proving that the false and misleading title they have chosen for themslves of “GAY” is untrue, and they are not behaving like cheerful and gay citizens, but like grumpy sore losers and want to find a “GAY” judge who is willing to overturn the will of the people and write bad law from the bench.

Might as well continue the government programs designed by the Democratic Party to destroy marriage and the family by legalizing prostitution.

That is another program being pushed by Gavin, the “I am not queer, I just look and talk that way and support all gay causes by accident” Mayor of San Francisco.

In fact, since we are bailing out everything and giving money to everybody, maybe after we legalize prostitiution, we can have people check a box on their income tax return saying whether or not they have enough cash for prostitutes, and if they don’t, the government could send out a voucher good for one free visit to the bordello every week.

In keeping with Obama’s “spread the wealth around” policy, low income men could qualify for welfare bordello vouchers, maybe as part of Food Stamps.

And we cannot have sexual discrimination. Women must also get bordello vouchers as part of their welfare. Of course, unmarried mothers pose a special dilemma: Obviously they found sex somewhere! But can we pay for them to have more sex and more babies for the working taxpayer to support. Of course we must! They have rights. If we can pay for men to get sex, we must pay for women to get sex.

And we must extablish gay bordellos, because once gays can get married, they will probably suffer the same absence of sex that afflicts married straight men.

Do not forget the huge population of unfortunate gay women trapped in marriages to straight men. Psychologists must be able to dispense free medicaid vouchers to lesbian bordellos for these victims of straight marriages.

Muslims would get bordellos with foot baths and prayer rugs in case the six hour Viagra erection overlaps with prayer times. And the girls would wear facial scarves. Maybe someone could email me about how Burkhas would fit in this government welfare plan?

And if any bordello runs out of cash, we could use tax dollars to bail them out. After all, where could anyone find a man who will not claim he urgently needs more nekkid fems, ooops, except in San Fransisco?

Then we could give vouchers to doctors, and if someone called in with the erection lasting more than six hours, like the Viagra commercials warn of, then the doctors could prescribe an emergency treatment of six hours in the FEMA run bordello.

Of course, vouchers for the bordello could be part of the Congressional Health Insurance package. This would greatly decrease the scandals in Congress. Such a policy would even have spared the most famous Democrat of all, Hillary Clinton of her husband’s Blue Dress Scandal.

See, sin and crime are entirely determined by perverts demonstrating in the streets and electing “I am not gay” mayors. Oh Oh, is this the ultimate extension of the way Harvard and Nancy Pelosi interpret the separation of Church and state.

The state uses tax dollars to pay for crime and sin, Democratically, whether it be in Detroit, on Wall Street, even in that den of iniquity and sin called Congress.

Church ministers are in violation of the civil rights law and subject to imprisonment  if they refer to gays as perverts, or to homosexuality as an abomination.

So, government in the USA advocates and pays for crime, capitalist failures, and sin. To speak out against sin is a civil rights violation.

Oh my God, is this post a civil rights violation? Can I be sent to jail?

Do not put me in jail, please, look, I am advocating legalizing prostitution, including gay prostitution. Isn’t that enough sin to keep me out of jail?

December 3, 2008 at 3:04 pm 12 comments

Results of Early Israeli Votes for Obama


Surprise! Israel landslide 76% for John McCain!

Last nights poll of American citizens voting by absentee ballots in Israel votes 76% McCain, only 24% Obama

October 31, 2008 at 10:53 am 3 comments

4,316 Best Reasons for Barack Obama


Click on THIS VIDEO for 4,316 best reasons to vote for Barack Obama.

October 31, 2008 at 10:34 am 1 comment

Barack Obama’s Newest Healthcare Plan


Obama’s ‘dirty little secret the media won’t talk about’ – his radical plan to give illegal aliens Social Security benefits and Medicaid, full healthcare coverage.

By Obama’s own count there are 12 million illegal aliens in the U.S. and he wants them all getting government benefits.

Obama has stated he also wants to give each and everyone of them amnesty and citizenship.

As for them learning English, he has stated he thinks American kids, your kids, should learn Spanish.

There is no doubt this man is the most radical leftist ever nominated by the Democratic party.

We have already exposed Obama’s shocking plan to give illegals driver’s licenses – even though everyone knows the 9/11 plot began with 13 of the 19 terrorists getting driver’s licenses.

As the American people find out about Obama and his plans, they will turn on him.

October 26, 2008 at 2:42 pm 1 comment

Guess How Social Security Started?


Subject: the origin of the Social Security number

Dark and best kept secrets about Our Social Security.

Here is a story I received today regarding the Social
Security Program
. I Hope you will read
this and think about it.   
_____________________________________________

Franklin Roosevelt, a Democrat, introduced the Social
Security (FICA) Program.  He  promised:

1.) That participation in the Program would be
completely voluntary,

2.) That the participants would only have to pay
1% of the first $1,400 of their annual
incomes into the Program,

3.) That the money the p articipants elected to put
into the Program would be deductible from
their income for tax purposes each year,

4.) That the money the participants put into the
independent ‘Trust Fund’ rather than into the
General operating fund, and therefore, would
only be used to fund the Social Security
Retirement Program
, and no other
Government program, and,

5.) That the annuity payments to the retirees
would never be taxed as income.

 
——————————————————————-

 
Since many of us have paid into FICA for years and are
now receiving a Social Security check every month —
and then finding that we are getting taxed on 85% of
the money we paid to the Federal government to ‘put
away’ — you may be interested in the following:
————————————————————-

Q: Which Political Party took Social Security from the
independent ‘Trust Fund’ and put it into the
General fund so that Congress could spend it?

A: It was Lyndon Johnson and the democratically
controlled House and Senate.
——————————————————————–
Q: Which Political Party eliminated the income tax
deduction for Social Security (FICA) withholding?

A: The Democratic Party.
———————————————————————–
Q: Which Political Party started taxing Social
Security
annuities????

A: The Democratic Party, with Al Gore casting the
‘tie-breaking’ deciding vote, as President of the
Senate
, while he was Vice President of the USA .

——————————————————————-

Q: Which Political Party decided to start giving
annuity payments to immigrants?

This is MY FAVORITE:

A: That’s right!  Jimmy Carter! And the Democratic Party of course!
Immigrants moved into this country, and at age 65,
began to receive Social Security payments! The
Democratic Party gave these payments to them,
even though they never paid a dime into it!
———————————————————————-

Then, after doing all this lying and thieving and violating
of the original contract (FICA), the Democrats
turn around and tell you that the Republicans
want to take your Social Security away!

And the worst part about it is uninformed
citizens believe it!

October 26, 2008 at 11:42 am 13 comments

Change You Can Believe In Is Already Happening!


 

Seven & a half years!

George Bush has been in office for 7 1/2 years.  The first six the economy was fine.

A little over one year ago:

1) Consumer confidence stood at a 2 1/2 year high;

2) Regular gasoline sold for $2.19 a gallon;

3) The unemployment rate was 4.5%.

4) The DOW JONES hit a record high — 14,000+

5) American’s were buying new cars, taking cruises and vacations overseas, living large!

But American’s wanted ‘CHANGE’!   So, in 2006 they voted in a Democratic Congress & yep — we got ‘CHANGE’ all right!

1) Consumer confidence has plummeted;

2) Gasoline is now over $4 a gallon & climbing;

3) Unemployment is up to 5% (a 10% increase);

4) Americans have seen their home equity drop by $12 trillion dollars & prices are still dropping;

5) 1% of American homes are in foreclosure.

6) THE DOW is probing another low ~11,300 — $2.5 TRILLION DOLLARS HAS EVAPORATED FROM THEIR STOCKS, BONDS & MUTUAL FUNDS INVESTMENT PORTFOLIOS!

YEP, IN 2006 AMERICA VOTED FOR CHANGE! AND WE GOT IT! A DEMOCRATIC CONGRESS, NANCY PELOSI. HARRY REID.

Now the Democrats’ candidate for president — and the polls say he’s gonna be ‘the man’ — claims he’s gonna really give us change! Just how much more ‘change’ do you think you can stand?

Have a very nice day.

 

 

October 24, 2008 at 4:50 pm 1 comment

Obama the Slumlord


Obama claims he cares about poor blacks, but a Boston Globe report exposed how for eight years Obama supported slum projects in Chicago.

Poor blacks living in rat and roach infested apartments condemned Obama for not caring about them.

Cynthia Ashley, a fourteen-year resident said: “No one should have to live like this, and no one did anything about it.”

Anthony Frizzell a twenty-year resident said: “In the winter I can feel the cold air coming through the walls and the sockets.”

Sharee Jones who has lived for years with the rats said: “You could hear them under the floor and in the walls, and they didn’t do nothing about it.”

Paul Johnson who helped organize a protest against Obama said: “Of course he knew. He just didn’t care.”

Showing he just didn’t care, Obama wrote letters on Illinois Senate letterhead supporting government loans for slum projects.

Obama coauthored the Illinois law that gave tax breaks to his slum lord friends, including now convicted felon Tony Rezko who helped Obama buy a million-dollar house.

As a US Senator, Obama worked to increase federal subsidies for his slum lord pals who donated more than $175,000 to Obama’s campaigns with Rezko raising another $200,000.

While running for president, Obama is promising to create a fund that gives his slum lord buddies $500 million a year. This is outrageous.

 To help impeach Obama from the Senate and, god forbid, from the Presidency, send a blank email to impeach2008@gmail.com

October 19, 2008 at 7:03 pm 1 comment

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