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Next Big Gov´t Housing Bailout:
Federal Housing Administration

Investor´s Business Daily, by Mark Calabria Original Article

Posted By: earlybird- 1/7/2013 10:38:01 PM Post Reply

The Federal Housing Administration (FHA)´s 2012 audit confirmed what has been obvious for some time: The FHA is deeply underwater, with a negative economic value of $34 billion. With over $1 trillion in mortgages backed by the FHA, even minor changes in the housing market could add tens of billions to that total. A taxpayer bailout is inevitable. What isn´t inevitable is the size of that bailout. The FHA has been sunk not by a housing bust, but by policy choices. (Snip)The FHA has succeeded over the years in offering lenders something almost no one else will:

Now Media Can Tell Us The
Truth About ObamaCare Costs

Investor´s Business Daily, by Editorial Original Article

Posted By: earlybird- 1/7/2013 10:33:50 PM Post Reply

Rising Costs: How often did the president promise the Democrats´ health care reform would bend the spending curve downward? Now the media that´ve coddled him for years are finally talking about ObamaCare´s costs. The media that endorsed ObamaCare as a cost-control watershed are now beginning to actually report on its effects. Over the weekend, the New York Times noted that "health insurance companies across the country are seeking and winning double-digit increases in premiums for some customers, even though one of the biggest objectives of the Obama administration´s health care law was to stem the rapid rise in insurance costs

´Alcoholism didn´t run
in my family, it galloped´:
Kennedy cousins tell how
they have battled substance abuse

Daily Mail (UK), by Meghan Keneally Original Article

Posted By: JoniTx- 1/7/2013 10:25:37 PM Post Reply

Two of the Kennedy cousins spoke out about their battles with addiction, saying that their family’s history with substance abuse contributed significantly to their own health problems. Christopher Kennedy Lawford said that he began drinking and using drugs when he was only 12-years-old and he ‘had desire to stop, I had all the resources to stop, and it was difficult for me’. He is now 26-years sober and has written a book about battling addictions, but the fight is much more fresh for his cousin, former Congressman Patrick Kennedy.

Middle-Class Backers Shocked
Obama Raised Their Taxes

Investor´s Business Daily, by Editorial Original Article

Posted By: earlybird- 1/7/2013 10:25:18 PM Post Reply

Dyed-blue-in-the-wool supporters of President Obama are blue as can be after opening their paychecks and discovering that "ordinary folks," as the president likes to call them, got slapped with a sizeable tax hike on New Year´s Day. "What happened?" was the exclamation found repeatedly by the Washington Times´ Joseph Curl as he surveyed commentaries posted on liberal websites. "What happened that my Social Security withholding in my paycheck just went up?" a DemocraticUnderground.com post asked. "I guarantee this decrease is gonna hurt me more than the increase in income taxes will hurt those making over 400 grand. What happened?"

Obama Said Close to
Choosing Lew for Treasury
Following Geithner

Bloomberg News, by Hans Nichols Original Article

Posted By: JoniTx- 1/7/2013 10:21:24 PM Post Reply

President Barack Obama is close to choosing White House Chief of Staff Jack Lew for Treasury secretary with an announcement as soon as this week, according to two people familiar with the matter. Selecting Lew to replace Timothy F. Geithner would also require Obama to install a new chief of staff, the first step in a White House staff shuffle for his second term. Many of the president’s senior aides may be taking new roles as the president recasts his team, said the people, who requested anonymity to discuss personnel matters.

White House ´quashes use of
pictures of Malia and Sasha
Obama on the beach´ after
they were photographed on
Hawaii vacation

Daily Mail (UK), by Louise Boyle Original Article

Posted By: JoniTx- 1/7/2013 10:16:36 PM Post Reply

Paparazzi shots of Malia and Sasha Obama have been quashed by the White House after a photographer reportedly stumbled across the girls on a public beach in Hawaii. The images of the President´s daughters were taken last week while a paparazzo was actually waiting for singer Jessica Simpson to leave her vacation home. Secret service agents, who were accompanying the girls on their walk, immediately approached the photographer and asked for identification. They allowed the man to keep his camera but gave him a stern warning to stop photographing the first daughters.

´Inside the Cave´ Documents
Obama Campaign Tech
Superiority over GOP

Breitbart Big Government, by Michael Patrick Leahy Original Article

Posted By: JoniTx- 1/7/2013 10:10:07 PM Post Reply

A few days before Christmas, Engage DC, a well respected new media consulting firm, released ´"Inside the Cave," a detailed account of how the Obama campaign thoroughly dominated the GOP in the 2012 digital arena through superior management, innovative analytics, and the deployment of cutting edge technologies. Three world class technologists headed up a team of 300 technology geeks working out of Obama for America headquarters in Chicago, where their laser like focus on digital communications, technology development and implementation, and analytics gave the Obama campaign an order of magnitude competitive advantage over an outmanned and outhustled Romney campaign.

Crying at the movies

Washington Post, by Michael Gerson Original Article

Posted By: Dreadnought- 1/7/2013 9:34:24 PM Post Reply

Following the “Les Miserables” incident on Christmas Day, I suspect I will never persuade my teenage sons to attend a movie with me again. At various moments of high emotion — and there are few other kinds in the movie — their father was a sobbing, embarrassing mess. And I agree with them that weeping for the imaginary suffering of fictional characters played by highly paid actors requires explanation. I could blame biology. There is a neurochemical basis for empathy. People who view a hand being touched respond with the same sensory portion

Survivors of sniper
Mark Essex´s victims honor the
fallen at ceremony 40 years later

Times-Picayune [New Orleans, LA], by Ramon Antonio Vargas Original Article

Posted By: Ribicon- 1/7/2013 9:33:10 PM Post Reply

Before reporting for duty on Dec. 31, 1972, what proved to be the last day of his life, Police Cadet Alfred Harrell Jr., 19, was sharing a meal with his family at his grandmother´s house. He was leaving when he told his twin brother, Alton, "If anything happens to me, you have to take care of Alfred (III)," the cadet´s infant son. Alton Harrell promised to care for his nephew in case the unthinkable happened. Then, sniper Mark Essex killed Alfred Harrell Jr. and eight others in a rampage that started on that New Year´s Eve and continued a week

Obama’s nominations of Hagel and
Brennan signal course adjustments
at Pentagon and CIA

Washington Post, by Greg Miller & Scott Wilson Original Article

Posted By: Dreadnought- 1/7/2013 9:27:18 PM Post Reply

President Obama is assembling a national security team designed for an era of downsized but enduring conflict, a team that will be asked to preside over the return of exhausted American troops and wield power through the targeted use of sanctions, Special Operations forces and drone strikes. Obama’s nominations of former senator Chuck Hagel as defense secretary and White House counterterrorism adviser John O. Brennan to lead the CIA signal second-term course adjustments at institutions that have been dominated by their lethal assignments during more than a decade of war.

As defense secretary, Chuck
Hagel would have to shrink
Pentagon immediately

Washington Post, by Craig Whitlock Original Article

Posted By: Dreadnought- 1/7/2013 9:25:12 PM Post Reply

If he is confirmed as the next secretary of defense, former senator Chuck Hagel will face the immediate and daunting prospect of shrinking the Pentagon, a job that is likely to persist for the duration of President Obama’s second term and reshape the mission and makeup of the armed forces. With the war in Iraq over and the conflict in Afghanistan steadily winding down, Obama and Congress have ordered nearly $500 billion in reductions to the defense budget over the next decade. But with the country still confronting record deficits, many leaders at the Pentagon

Letterman says he sees
psychiatrist weekly

Associated Press, by David Bauder Original Article

Posted By: JoniTx- 1/7/2013 9:21:20 PM Post Reply

PASADENA, Calif.- Three years after an extortion scandal that led him to bare his infidelities, David Letterman said he sees a psychiatrist once a week to try to be the person that he believed he was. The late-night talk show host gave an extraordinary interview to Oprah Winfrey in which he talked about his feud with her and Jay Leno, and about his efforts to make amends for his affairs with "Late Show" staff members that became public in 2009. "For a long time I thought I was a decent guy," Letterman said.

Just 8% Now Say
They Are Tea Party Members

Rasmussen Reports, by Staff Original Article

Posted By: tonto- 1/7/2013 9:13:20 PM Post Reply

Views of the Tea Party movement are at their lowest point ever, with voters for the first time evenly divided when asked to match the views of the average Tea Party member against those of the average member of Congress. Only eight percent (8%) now say they are members of the Tea Party, down from a high of 24% in April 2010 just after passage of the national health care law.

Exclusive - Dershowitz: ´I Will
Testify Against Hagel´ on Iran

Breitbart Big Peace, by Joel B. Pollak Original Article

Posted By: JoniTx- 1/7/2013 9:12:19 PM Post Reply

Prof. Alan Dershowitz of Harvard Law School is a legendary defense lawyer, and the country´s foremost pro-Israel advocate. He is also a steadfast supporter of President Barack Obama. Breitbart News spoke to him in an exclusive interview today about the nomination of former Sen. Chuck Hagel (R-NE) as Secretary of Defense. Sen. Hagel is controversial for his views on Israel, the Iraq War, Iran, and gays, among other issues. Dershowitz had, prior to Hagel´s nomination, urged President Obama publicly not to appoint Hagel to the position.

Georgia Power to
close 15 coal, oil units

Atlanta Journal-Constitution, by Kristi Swartz Original Article

Posted By: Ribicon- 1/7/2013 9:03:02 PM Post Reply

Georgia Power said Monday it will shut down 15 coal and oil-fired units, cutting nearly one-sixth of its power grid capacity to comply with federal rules aimed at reducing air pollution. The move, which comes after the utility and parent Southern Co. spent years unsuccessfully fighting the regulations, further cuts coal out of the electricity mix of a company once known as the dominant provider of coal-fired electricity. Currently, the amount of coal that Georgia Power uses to produce electricity stands at 47 percent, down from 70 percent five years ago. Georgia Power will replace much of

Showtime Hails Gorbachev as the
‘Real Democrat,’ Despairs Reagan
Enabled ‘Growth of a Right-
Wing Media Empire’

Newsbusters, by Brent Baker Original Article

Posted By: Dreadnought- 1/7/2013 9:02:49 PM Post Reply

Tonight, viewers of CBS-owned Showtime will be treated to the ninth of ten installments of Oliver Stone’s Untold History of the United States, which has attacked U.S. leaders – from FDR to Ronald Reagan – from the far-left while hailing the virtues of communists. Last Monday’s installment, on Carter and Reagan, offered a representative sampling of Stone’s worldview, an hour which included displaying a woman holding the Media Research Center’s “Don’t Believe the Liberal Media” placard as he fretted over how President Reagan “enabled the growth of a right-wing media empire”

Huell Howser dies at 67; TV host
profiled California people and places

Los Angeles Times, by Greg Braxton Original Article

Posted By: earlybird- 1/7/2013 8:51:46 PM Post Reply

In a TV arena in which premiums are placed on the fanciful and trendy, screaming housewives and snarling reality-show participants, no one seemed more out of place or less likely to become a popular star than Huell Howser. His platform was traditional and unflashy -- highlighting familiar and off-the-beaten-track spots all around California in public television series with titles such as "California´s Gold," "Visiting," "Road Trip" and "Downtown." But though his shows were focused on points and people of interest, it was Howser who turned into the main attraction, tackling his subjects with an awestruck curiosity and relentless enthusiasm. His upbeat

Mom awoken by cat finds python
wrapped around 2-year-old daughter

Yahoo News, by Dylan Stableford Original Article

Posted By: Jakester2344- 1/7/2013 8:50:48 PM Post Reply

An Australian woman was awoken by her hissing cat early Sunday to find a python wrapped around the arm of her 2-year-old daughter. Tess Guthrie, a 22-year-old from Lismore, New South Wales, said the 6-foot python was wrapped three times around her daughter´s arm. "I thought I was having a nightmare," Guthrie told a local television news station. "It was only because the cat was hissing that I woke up and saw the snake with its body wrapped around my daughter Zara’s arm."

Reid says he misspoke in
suggesting Hurricane Sandy
was worse than Katrina.

Times-Picayune [New Orleans], by Bruce Alpert Original Article

Posted By: earlybird- 1/7/2013 8:45:32 PM Post Reply

WASHINGTON -- Senate Majority Leader Harry Reid said Monday that he "simply misspoke," when he said Friday that Hurricane Katrina was "nothing in comparison to what happened to the people in New York and New Jersey" from Hurricane Sandy. (Snip) Reid said he has worked hard with Sen. Mary Landrieu, D-La., "to ensure that the people of the Gulf Coast have the resources they need to fully recover, and I will continue to advocate on their behalf until the region is fully recovered."On Monday, Sen. David Vitter, R-La., said that Reid "revealed himself to be an idiot" when he

A Hagel Education

Wall Street Journal, by Staff Original Article

Posted By: Desert Fox- 1/7/2013 8:18:54 PM Post Reply

President Obama on Monday chose Chuck Hagel to lead the Pentagon, inviting a confirmation brawl over a troubling nominee. The Senate should oblige. The Hagel hearings are an opportunity to have the debate over Mr. Obama´s policies and a growing world disorder that we didn´t have in the election campaign. Mr. Obama also said he´ll nominate White House counterterror chief John Brennan to run the CIA, joining last month´s choice of Senator John Kerry as Secretary of State. Like CIA deputy Michael Morrell, Mr. Brennan is a capable intelligence analyst, but Langley will once

Reid says he misspoke in suggesting
Hurricane Sandy was worse than Katrina - Thread Closed

NOLA.com/Times-Picayune, by Bruce Alpert Original Article

Posted By: MelRae71- 1/7/2013 7:57:04 PM Post Reply

Obama Experience Highlights
Failure Of Keynesian Gov´t
Intervention In Economy

Investors Business Daily, by J.T. Young Original Article

Posted By: Desert Fox- 1/7/2013 7:23:58 PM Post Reply

The last four years eloquently indict the efficacy of government economic intervention. While long-term intervention has long been dismissed as ineffective, many still cling to a Keynesian hope that government intervention of limited duration could succeed. Now the effectiveness of both short-term and long-term economic intervention seems questionable. Put simply: The last four years have cost an incredible amount, while returning very little ... beyond debt. Federal spending has exploded, deficits have skyrocketed, the government´s debt has doubled, but the economy remains stagnant.

Yes, Obama, There Is
A Spending Problem

Investors Business Daily, by Staff Original Article

Posted By: Desert Fox- 1/7/2013 7:07:45 PM Post Reply

Deficits: Apparently, President Obama never got around to reading the final report of his own deficit commission. How else to explain his belief that federal spending isn´t the cause of the nation´s debt crisis? That´s apparently what Obama told House Speaker John Boehner during their recent "fiscal cliff" negotiations. "At one point several weeks ago," Boehner told the Wall Street Journal, "the president said to me, ´We don´t have a spending problem.´" That would be news to Obama´s debt commission, which in its final report made clear that spending is the driving force behind the nation´s debt crisis.

Obama´s Anti-Israel Policy
Continues With Hagel Pick

Investor´s Business Daily, by Staff Original Article

Posted By: HollowLeg- 1/7/2013 7:03:22 PM Post Reply

Defense: The president´s selection as defense secretary has called for direct negotiations with the mortal enemies of our closest ally in the Middle East and said the administration´s gutting of defense hasn´t gone far enough. If personnel is policy, President Obama´s selection of former Nebraska Republican Sen. Chuck Hagel to be Leon Panetta´s replacement as defense secretary should put the lie to the administration´s already tarnished claim to be a strong supporter of Israel. "Not only has he said you should directly negotiate with Iran, sanctions won´t work, that Israel must negotiate with Hamas, an organization, terrorist group,

The Great Notre Dame-
Alabama Cookie Game

Wall Street Journal, by Jason Gay Original Article

Posted By: smcchk- 1/7/2013 6:21:02 PM Post Reply

Alabama plays Notre Dame in the BCS National Championship football game Monday night, and given the robust followings and deep traditions of both schools, there´s an expectation that the game will earn spectacular TV ratings for ESPN. There´s also an expectation that watching the game will drive an ordinary, unaffiliated football fan a little bit nuts, because no two college football programs are more stuffed with self-regard than Notre Dame and Alabama. By the third-quarter you might be ready to dangle your flat-screen out the window if you hear one more reference to "Roll Tide,"

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