May the best thing that happened to you in 2007 be the worst that happens to you in 2008.
December 31st, 2007 8:28 am
December 28th, 2007 10:12 am
Back in 1993, with a Democrat in the White House, here’s how a low home prices were portrayed in the media:
What’s more, the combination of stagnant house prices and low mortgage rates (recently 7.95% for 30-year fixed-rate and 5.05% for annually adjustable loans) has made homes more affordable than at any time since 1978, when another southern Democrat, Jimmy Carter, sat in the Oval Office…
Today’s steady housing markets, however, offer excellent opportunities in most places for buyers to snag affordable homes…
But fast forward to 2007, and a Republican President, and suddenly affordable housing is a “crisis“:
Prices of existing U.S. single-family homes recorded their biggest annual drop in October, suggesting the housing slump is far from over, a national home price gauge released on Wednesday showed… “No matter how you look at these data, it is obvious that the current state of the single-family housing market remains grim,” said Robert Shiller, chief economist at MacroMarkets LLC, in a statement.
What media bias?
December 27th, 2007 9:14 am
Benazir Bhutto, the Pakistani opposition leader and former Prime Minister, has been killed in a suicide bombing at a political rally.
Bhutto had been addressing crowds in Rawalpindi, ahead of Pakistan’s general election next month, when the bomber detonated his explosives, killing around 20 people. She was taken to hospital, but could not be saved.
This is likely to be a very stabilizing event in Pakistan.
She had spent eight years in self-imposed exile in Great Britain and Dubai before returning to Pakistan a few months ago. Upon her return, President Musharraf declared a state of emergency and placed her under house arrest. She filed a nomination paper for a parliamentary seat on November 25 and appeared headed for a power showdown with Musharraf before she was assassinated Thursday. Many Bhutto supporters are already turning their blame onto President Musharraf.
As news of her death filtered out, Ms Bhutto’s supporters at the hospital began chanting “Dog, Musharraf, dog,” referring to Pakistan’s President, Pervez Musharraf. Some of them smashed the glass door at the main entrance of the emergency unit, others burst into tears.
Just another wonderful example of what happens when common sense finds a voice in the middle of the radical islamic world.
One report is saying al-Qaida is claiming credit.
It appears this was a highly coordinated attack, as just hours earlier gunmen inside the offices of a political party that supports Mr Musharraf opened fire on supporters of another former Prime Minister, Nawaz Sharif, killing four, police said. Mr Sharif was several kilometres away at the time, on his way to Rawalpindi after attending a rally.
Former Democrat Presidential candidate John Kerry comments on the tragedy and reminds us why our actions in Iraq were right:
“Her loss underscores the fragility of the situation in Pakistan and the perils of a volatile mix of unrest, tension, radicalism, and nuclear weapons.“
December 25th, 2007 10:05 am
Celebrating the true religion of peace.
December 18th, 2007 11:06 am
Hillary Clinton has the highest level of name recognition in pool of 2008 Presidential candidates.
It is no great shock to find that well over 9 out of 10 Americans have an opinion about Clinton. In fact, only 6% of Americans interviewed in Gallup’s mid-May poll claimed that they did not know enough about her to have either a favorable or unfavorable opinion. This “no opinion” percentage for Clinton has been in the single digits for over 10 years, suggesting that she is a figure on the American political scene who, in general, certainly needs no introduction to the population.
That’s a good thing, right?
In a new Fox 5-The Washington Times-Rasmussen Reports survey, 64 percent of Republicans, 42 percent of third-party or independent voters, and 17 percent of Democrats said the candidate they most want to keep from the White House is Mrs. Clinton.
December 17th, 2007 9:43 am
Here’s what I predicted on November 8, 2006:
In 2008, John McCain and Joe Lieberman will join forces and make a run for the Whitehouse.
Some called me crazy when I posted it.
But it’s not looking so crazy anymore:
Former Dem Lieberman endorses McCain
HILLSBOROUGH, N.H. - Sen. John McCain, trying to keep momentum in this state’s critical Republican primary race, brought in something unusual on Monday — an endorsement from the other party’s former vice presidential nominee.
Sen. Joseph Lieberman, Democrat Al Gore’s running mate in 2000, said he had intended to wait until after the primaries to make a choice for the 2008 presidential race. But McCain asked for his support and no Democrat did.
Lieberman, an independent who caucuses with the Democrats, said he chose his longtime Senate colleague because he has the best shot of breaking partisan gridlock in Washington. Both men also support the war in Iraq.
I wish picking lottery numbers was as easy.
December 13th, 2007 7:41 am
Jesse Jackson and I agree on one thing… we both dislike the mortgage bailout proposed by President Bush. But that’s where our agreement ends. Because instead of opposing the bailout as yet another government handout to those who refuse to take personal responsibility for their own actions, the race-pimp Jackson sees the giveaway as not big enough…
Rev. Jesse Jackson and other U.S. civil rights leaders converged on Wall Street on Monday to demand the government and the financial community step up aid to stem a home-loan foreclosure crisis.
At a rally in lower Manhattan, activists said homeowners needed more help to restructure their loans and avoid losing their houses.
“We’re standing to stop an economic tsunami,” Jackson told a crowd of more than 200 people. “Our government has an obligation, not only to borrowers but to the economy itself.”
While we’re on the subject of obligation, how about we discuss the contractual obligation of those who borrowed more than they should have? How about we take a look at those who did not take personal responsibility, like the rest of us, to borrow within their means? Why is it the government’s responsibility to now come in and help these overextended debtors get a better deal?
I agree that the President’s proposal sucks… because I don’t think he should’ve made it to begin with.
These folks played the adjustable rate mortgage game and lost. That was the risk they took when they signed the contract. It was also the risk the lenders took in advancing these folks the money without demanding more solid proof of their ability to repay. It’s the high price of education.
Jackson said the protesters want “renegotiation and restructuring [of loans] and not repossession of homes.”
Rhyming doesn’t make it work any better. How about a federal bailout for car owners too? Perhaps we can shakedown the government to help those who overextended themselves into Cadillacs when they should’ve been looking at Fords so they can keep from having their rides repossessed as well.
While normal, responsible citizens continue to make timely payments on loans they took out - forgoing other luxuries in life until they fulfill their financial obligation - the President is helping the rest ditch their responsibilities completely so they can stay in the homes they never should’ve purchased to begin with… and all the while the race peddlers are demanding a bigger handout.
If Jackson and his race peddlers want to address the issues in the black community, they should stop focusing on lenders and spend more time with borrowers. Educate the culture that values $100 basketball shoes over food for the family. Teach them that having no hidden assets is not a financially responsible way to go through life. Calling them victims and demanding government assistance everytime they fall short will only teach them to continue to rely on bailouts over personal responsibility.
As Bill Cosby said:
Cosby told his critics, “Come at me all you want.” To those who criticized him for blaming the victim by preaching personal responsibility, he said: “I know a victim when I see one. And so did Christ. And so does God know victims. And so do we all recognize victims. But some victims you can look at and say, ‘Get up.’ “
That is, unless, you can force the feds to ‘pony up’.
December 12th, 2007 6:53 pm
December 11th, 2007 11:57 am
A teenage gunman, armed with high-powered weapons and thousands of rounds of ammunition went on a shooting rampage and killed hundreds of church members this past weekend. He continued to shoot, maim and kill innocent victims until he finally ran out of ammunition, saving just one final round for himself.
Or so the news stories might have read in the utopian fantasy world so many proponents of gun control live. But instead, Jeanne Assam, armed with a handgun of her own, dropped the assassin in his tracks, preventing dozens, possibly hundreds, of additional innocent victims.
Does anyone think gun control measures would’ve prevented the murderous kid from getting his weapon? Or would gun control have just prevented Assam from being able to stop him before he killed more?
December 5th, 2007 10:12 am
It’s almost as if they’re trying to manufacture their own cause.
Never before have so many people converged to try to save the planet from global warming, with more than 10,000 jetting into this Indonesian resort island, from government ministers to Nobel laureates to drought-stricken farmers…
Two big climate conferences have been held in less than a month, both in idyllic, far-flung holiday destinations — first Valencia, Spain, and now Bali. They were preceded by dozens of smaller gatherings. In Bangkok, Paris, Vienna, Washington, New York and Sydney, in Rio de Janeiro, Anchorage, Helsinki and the Indian Ocean island of Kurumba…
The U.N. estimates 47,000 tons of carbon dioxide and other pollutants will be pumped into the atmosphere during the 12-day conference in Bali, mostly from plane flights but also from waste and electricity used by hotel air conditioners.
If correct, Goodall said, that is equivalent to what a Western city of 1.5 million people, such as Marseilles, France, would emit in a day.
But he believes the real figure will be twice that, more like 100,000 tons, close to what the African country of Chad churns out in a year.
The conference is aimed at developing a replacement for the Kyoto Protocol, the treaty whose members actually increased greenhouse emissions after ratifying it.