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Obama: Hey, at least foreclosures are down
Investor´s Business Daily, by Andrew Malcolm

Original Article

Posted By:SurferLad, 8/10/2013 9:10:33 AM

Hi, everybody. For the past few weeks, I’ve been visiting folks across America to talk about what we need to do as a country to secure a better bargain for the middle class. I’ve been laying out my ideas for how we can build on the cornerstones of what it means to be middle class in America. A good job. A good education. Affordable health care when you get sick. A secure retirement even if you’re not rich. And the chance to own your own home.

      


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Reply 1 - Posted by: Salt5792, 8/10/2013 9:35:07 AM     (No. 9467155)

Nothing in the article about the insanity of government forcing banks to give mortgages to people with no assets or income.

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Reply 2 - Posted by: lylacat, 8/10/2013 10:49:30 AM     (No. 9467274)

We all watched in amazement how people with no job, no income, and no money could buy a house, pay only interest for ten years. One of our friends bought a $850,000 house, nothing down, interest only for ten years, and in fact, they received and extra $50,000 cash when they got their loan. They quickly bought a new Mercedes, a Porche Carrera, and a brand new Harley Davidson motorcycle, and moved into their expensive home. In a year, they could not make the payments on the Carrera or the Harley, so they went away. After five years, they could not even pay the interest on their $900,000 mortgage, so they quit paying, and they lived rent free in this house for the next three and half years. When are we going to get serious and make people responsible? If you have not saved for a down payment, so that you will have skin in the game, you should never be allowed to buy a house. And instead of making the taxpayers responsible for these deadbeat loans, the banks should assume ALL the risk, and they will be more prudent with their lending.

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Below, you will find ...

Most Recent Articles posted by "SurferLad"

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Most Recent Articles posted by "SurferLad"



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Investor´s Business Daily, by Andrew Malcolm    Original Article
Posted By: SurferLad- 4/11/2014 9:28:49 AM     Post Reply
It was really just a matter of time until Kathleen Sebelius was looking up at the Obama bus passing over her bureaucratic body. On April Fool´s Day when President Obama attempted his ObamaCare victory lap with unsubstantiated enrollment numbers and failed to mention Sebelius even once, her fate was sealed.Obama is not known as Mr. Gratitude by anyone. But staring right at Sebelius in the front row of the Rose Garden and praising only Nancy Pelosi and Dick Durbin, of all people, for the trumped-up success of ObamaCare and not even mentioning his Health and Human Services secretary after five years of tough, loyal duty was

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Investor´s Business Daily, by Andrew Malcolm    Original Article
Posted By: SurferLad- 4/10/2014 9:34:32 AM     Post Reply
President Obama and wife Michelle are back on the road again, this time in Texas to harvest more Democrat dollars for the looming November midterm election. The previously-scheduled fundraising foray was tacked onto Obama´s memorial speech Wednesday at Fort Hood in Killeen, Texas. Why let a nationally-televised shooting memorial go to waste when you can use such an official activity to cut the Democratic Party´s cost of political transportation on Air Force One for two fundraisers in Houston and another one today in Austin?

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Investor´s Business Daily, by Andrew Malcolm    Original Article
Posted By: SurferLad- 4/9/2014 9:27:06 AM     Post Reply
Conan: Some Starbucks are reportedly going to start selling alcohol. Their drinks will come in "Tall," "Grande" and “Sweet Jesus — it’s 8 a.m.!” Fallon: U.N. experts say climate change could threaten the world´s fruits and vegetables. Americans said, “OK, let us know when it starts affecting Twinkies and Hot Pockets.” SethMeyers: Opening day for Major League Baseball means we’re only 17 months away from the World Series. SethMeyers: The Putins are officially divorced. In 30 years of marriage they shared two daughters, several homes and one laugh. Fallon: Hillary Clinton says the media treat powerful women with a double

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Posted By: SurferLad- 4/8/2014 9:27:41 AM     Post Reply
For many years whenever the president nears any crowd, a Secret Service agent walks ahead along the rope line ordering everyone to keep hands out of their pockets where agents can see them. That´s less of a problem these days. Because the hands of most everyone in such locations are holding cellphones to take photos of the nearby celebrity. And if there´s a campaign underway requiring the politician to ingratiate himself, possibly a selfie with the big guy himself. It's priceless political PR -- and free. Recently during the Boston Red Sox' White House visit, pitcher David Ortiz took a selfie with President Obama, whose grin could not have

   

 

  


 
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Posted By: SurferLad- 4/7/2014 9:29:58 AM     Post Reply
The American media endure a soiled reputation in the United States these days. Rightly so too often. Many of its members failed their sentry duty during the run-up to the 2008 presidential elections, and oftentimes since covering only selectively positive parts of Barack Obama´s reign of error. Today´s column reminds us there is media and then there is media. Anja Niedringhaus was a member of the other media. A photojournalist for the Associated Press, she covered conflict for 20-plus years from the Balkans and Libya to Kuwait and Afghanistan. She´s dead now.

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Posted By: SurferLad- 4/5/2014 9:50:49 AM     Post Reply
Hi, I’m U.S. Senator Tim Scott from the great state of South Carolina. As we all know, the most important issue facing our nation today is job creation. Unfortunately, it’s been that way for the last six years. But instead of tackling the causes of unemployment and underemployment, too many politicians are focused only on the effects and on making political points.

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Investor´s Business Daily, by Andrew Malcolm    Original Article
Posted By: SurferLad- 4/5/2014 9:28:51 AM     Post Reply
Hi, everybody. Today, our economy is growing and our businesses are consistently generating new jobs. But decades-long trends still threaten the middle class. While those at the top are doing better than ever, too many Americans are working harder than ever, but feel like they can’t get ahead. That’s why the budget I sent Congress earlier this year is built on the idea of opportunity for all.

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Investor´s Business Daily, by Andrew Malcolm    Original Article
Posted By: SurferLad- 4/4/2014 9:21:31 AM     Post Reply
One of the most powerful tools politicians have at their disposal is self-deprecation, the skill of making gentle fun of themselves in public, enough to get a laugh and show a humble human side. But not enough to feed critics. Ronald Reagan was the modern master of that. [Snip] Wednesday night´s Tonight Show revealed both Jimmy Fallon´s deft timing and skills in comedic sketches and the continuing power and skill of his surprise guest.

If you´re fat, stand-by for federal text
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Investor´s Business Daily, by Andrew Malcolm    Original Article
Posted By: SurferLad- 4/3/2014 9:20:01 AM     Post Reply
Administration agencies are currently revising nutritional recommendations that will guide federal food and meal purchases for years after Barack Obama is playing golf behind his presidential library. The federal Dietary Guidelines Advisory Committee -- these are the folks who brought us the carb-heavy food pyramid now deemed erroneous -- is meeting these days to update nutritional guidelines to conform with new scientific evidence and with the determination of First Lady Michelle Obama to change America´s eating habits.

   

 

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Is Sebelius headed under
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Investor´s Business Daily, by Andrew Malcolm    Original Article
Posted By: SurferLad- 4/2/2014 9:23:45 AM     Post Reply
Acknowledgment from the podium. It´s one of the most powerful public tools available to any American politician. And it´s free. Thank their good friend so-and-so in front of a large crowd. It´s a predictable staple of Barack Obama´s repetitive rhetoric nowadays. [Snip] So, it was unusually revealing Tuesday afternoon when an ebullient Obama launched his ObamaCare ´enrollment´ victory lap with not one single acknowledgment. He was not going to share this self-congratulatory moment with anyone.

ObamaCare may or may not have met
enrollment goal by that fake deadline
Investor´s Business Daily, by Andrew Malcolm    Original Article
Posted By: SurferLad- 4/1/2014 9:20:30 AM     Post Reply
The Obama administration today will tout impressive enrollment numbers for ObamaCare with the confident precision that can only come from the knowledge that no one else is counting. No one else can count the numbers. Because the Obama administration controls access to all the numbers. It´s probably a coincidence, but that is exactly the way votes are counted by the Chicago Democratic machine. And if the Obama crowd is strutting for the media over enrollment numbers, Americans aren´t hearing more about his growing list of foreign policy embarrassments.

If Russia invades Ukraine, Obama vows
to stand behind Europe, way behind
Investor´s Business Daily, by Andrew Malcolm    Original Article
Posted By: SurferLad- 3/31/2014 9:35:53 AM     Post Reply
Late-night comedians and their writers pounce on the day´s news as their primary source to twist and distort into laughs. Russia, of course, remains a hot item following the "uncontested arrival" of its troops in Crimea. Reflecting the diminished approval of President Obama, the late-night shows have been aiming their laughs at him more. Even Jimmy Fallon, who kicked off his Jay Leno replacement tour with a Michelle Obama interview, has aimed some laughs at his presidential pal. Although he quickly returns with something barbed at Republicans.



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