Well, they did call them "High Risk" Loans…

Seems that the people that defaulted on their mortgages, have defaulted again, even after all this aid that has been tossed around. So reports Reuters:

Recent data suggests that many borrowers who received help with mortgage modifications earlier this year tended to re-default on their payments, a top U.S. banking regulator said on Monday.
“The results, I confess, were somewhat surprising, and not in a good way,” said John Dugan, head of the U.S. Office of the Comptroller of the Currency, in prepared remarks for a U.S. housing forum.
“Put simply, it shows that over half of mortgage modifications seemed not to be working after six months,” he said.
Dugan said based on data collected from some of the biggest U.S. institutions, like Bank of America, Citibank and JPMorgan Chase, home foreclosure starts fell 2.6 percent in the three months ended in September.
However, data which is to be issued by the OCC and the Office of Thrift Supervision (OTS) next week could throw cold water on a push by some U.S. policymakers for loan modifications as the key remedy for the ailing U.S. financial and economic crisis.
Dugan said recent data showed that after three months, nearly 36 percent of borrowers who received restructured mortgages in the first quarter re-defaulted.
The rate of re-default jumped to about 53 percent after six months and 58 percent after eight months, Dugan said, without providing an explanation for the trend.
Regulators speaking at an OTS-housing forum did not provide any explanations for the causes behind the data.
“We don’t know the answers yet, but these are the types of questions that we have begun asking our servicers in detail,” Dugan said.
Sheila Bair, chairman of the Federal Deposit Insurance Corp, who has been pushing for fast and systematic loan modifications, said regulators need to examine re-default data more closely.
“I think it’s very important to look at this data carefully and know what it says and what it doesn’t say,” Bair said.
Dugan said the third-quarter report will show many of the same disturbing trends as other recent mortgage reports, as credit quality continued to decline across the board and delinquencies rose for subprime, alt-A and prime mortgages.
He said the report will also show that the greatest delinquencies were in prime mortgages.

I can tell you exactly what the answer is. You do not hand out mortgages to people that you know damned well that they cannot pay for them. That is the answer! This is why the Country, The Big Three and Wall Street are in the mess that they are in now, in the first place. Because fucking Bill Clinton and his team of morons decided to FORCE lending companies to gives loans to HIGH RISK persons, and they’re called that for a reason, they’re known not to pay their bills!

High Risk is called High Risk for a reason! Duh! Man, I could have told them that and I am a High School Drop out with A.D.H.D. 🙄

“Clue needed on Asle 5, Clue needed on Asle 5 Please.”

(Thanks Q & O)

Bill Kristol Enrages Libertarians

Stuff likes this cracks me up. It should not, but it does. 😛

NYT Columnist Bill Kristol basically kicks the Libertarians and fiscal Conservative purists square in the jewels.

Money Quotes:

But conservatives should think twice before charging into battle against Obama under the banner of “small-government conservatism.” It’s a banner many Republicans and conservatives have rediscovered since the election and have been waving around energetically. Jeb Bush, now considering a Senate run in 2010, even went so far as to tell Politico last month, “There should not be such a thing as a big-government Republican.”
Really? Jeb Bush was a successful and popular conservative governor of Florida, with tax cuts, policy reforms and privatizations of government services to show for his time in office. Still, in his two terms state spending increased over 50 percent — a rate faster than inflation plus population growth. It turns out, in the real world of Republican governance, that there aren’t a whole lot of small-government Republicans.
Five Republicans have won the presidency since 1932: Dwight Eisenhower, Richard Nixon, Ronald Reagan and the two George Bushes. Only Reagan was even close to being a small-government conservative. And he campaigned in 1980 more as a tax-cutter and national-defense-builder-upper, and less as a small-government enthusiast in the mold of the man he had supported — and who had lost — in 1964, Barry Goldwater. And Reagan’s record as governor and president wasn’t a particularly government-slashing one.
Even the G.O.P.’s 1994 Contract With America made only vague promises to eliminate the budget deficit, and proposed no specific cuts in government programs. It focused far more on crime, taxes, welfare reform and government reform. Indeed, the “Republican Revolution” of 1995 imploded primarily because of the Republican Congress’s one major small-government-type initiative — the attempt to “cut” (i.e., restrain the growth of) Medicare. George W. Bush seemed to learn the lesson. Prior to his re-election, he proposed and signed into law popular (and, it turned out, successful) legislation, opposed by small-government conservatives, adding a prescription drug benefit to Medicare.
So talk of small government may be music to conservative ears, but it’s not to the public as a whole. This isn’t to say the public is fond of big-government liberalism. It’s just that what’s politically vulnerable about big-government liberalism is more the liberalism than the big government. (Besides, the public knows that government’s not going to shrink much no matter who’s in power.)

Well, There are some Libertarians that having none of this. Some Libertarians that I happen to read are quite ticked.

David Donadio basically calls Kristol a “Self Loving Liberal” and lays the smack down, albiet nicely:

This is all quite clarifying. In Kristol’s view, modern conservatism has to have “a strong commitment to limited…government,” while passing trillion-dollar drug entitlements. In other words, Republicans aren’t going to restrain the undue growth of government. So, assuming one thinks Obama has a cooler head and better judgment than the GOP has shown on foreign policy of late, why exactly should he vote for Republicans anymore?
Kristol is surely right that a platform geared toward libertarians would fall flat, but he seems to have missed the memo that a platform geared toward neocons isn’t exactly going anywhere either. If the Republicans are going to alienate economic conservatives, foreign policy realists, and a whole rising generation that’ll eventually get wise to the fact that it’s footing the bill for all these bloated entitlements, what’s left? Somewhat socially conservative, self-identifying liberals who support school choice and tax cuts and Israel?
That’s not the swing vote, it’s the staff of The New Republic.

Stephen Bainbridge was not so nice about it, he basically said, “Excommunicate Kristol”:

Kristol thus reaffirms his position at the heart of the trio of reasons the conservative movement is in trouble: Iraq, K Street, and big government conservatism.
It’s true that government has a role. It’s true that sometimes government needs to do big things (like World Wars and bailing out the financial sector). But Kristol wants us to basically punt on the idea that government can be useful, productive, and effective at doing the big things society needs and still be a limited government.
The USA does not need two parties of big government. It doesn’t need two parties that support the nanny state. It doesn’t need two Mommy parties.
The USA does need at least one Daddy party. It needs at least one party that believes in individual freedom and limited government.
The GOP needs to become that party.
The GOP and the conservative movement don’t need Bill Kristol and his ilk. It’s time to kick his ass out.

Memo to Kristol: Put the pin back in the grenade! Before someone or yourself gets hurt! I mean, turning on your own base, which is mainly fiscal Conservatives and Libertarians is just not smart Bill, really. I thought even you would have known better than this.

To what was said above, let me simply say this. That only people that are getting any sort of anything out of this, is liberals. Hell, if they read this, they would be busting a gut laughing. I mean it cracks me up, because the Republican Party seems to be at a loss as to why their party is in such disarray. I submit this as one of the reasons.

The again, this is the same nimrod who was totally wrong about Iraq.

Others: (Left and Right) – Ross Douthat, Upturned Earth, The Corner, The Hill’s Blog Briefing Room, Copious Dissent, Below The Beltway, Wonkette, Right Wing Nut House, StephenBainbridge.com, RedState, Washington Monthly, The New Republic and Reason

Done with Twitter….

Well, Sort of…

Here’s is the truth about why the comment moderation is enabled and Why I’ve basically hung it up with Twitter.

I’ve made it quite clear on this Blog that I am in favor of the loans to the big three in Detroit. I’ve Blogged many times as to why. I realize that it is a very complex issue and that no matter what happens, someone isn’t going to like what happens.

Anyhow, this discussion came up on twitter. I happened to be following a great deal of Conservatives, mainly Neo-Conservatives and Republicans. I admit it, I get upset when I hear people trashing my area, and also the big three, because my Dad worked there. I take it personally, it’s just not something I can control. It’s my family and I’m close to my family.

Anyhow, I lost my “cool” as it were, and I said some things that really pissed off a good number of people. I ended up hosing the twitter account, I’m done with the twitter stuff.

Oh, there’s an account there. I created a new one. Well, it was an older one, that I never used. So, went to that one. Set up twitterfeed to auto post my Blog entries there. But I’m not using it anymore.

Anyhow, I offer no apologies to the assholes who insulted my Father, yes, I equate my Father with G.M. Sorry, it’s the way I roll. To those who got caught in the crossfire, if I snapped at you an anger. I apologize, but this one issue, I take personally.

Is Obama Censoring Free Speech on his Website? Update: Not Obama's Site

Seems so….

This comes from a site called Abolish the Federal Reserve:

Today, I received an email saying this idea “lies outside the scope of the Ideas for Change in America project, which is focused on identifying solutions that we believe can, through a grassroots lobbying effort, receive serious consideration from the Obama administration and/or Congress.”

Let’s hope like hell that this is not the norm.

(Via Twitter)

Update: After a few requests, me forgetting and being reminded, again. I want to be sure and point out that change.org was an still is a PRIVATE website. change.gov was the OFFICIAL Obama transition team site, which now redirects to the White House website. Change.org was a private venture, and still is. Thanks to reader Tony Spears for pointing this out. I totally forgot to update this before. Ooops!

Good Time for a Missile Strike!

Video: (Via Breit Bart)

AP has the Details.

If you have a problem with what I just wrote. I encourage you to take a look at the ISLAM section of my Bookstore. Especially this title HERE. Perhaps you should also check out the section on 9/11. Maybe you’ll have a dfferent view after you buy some books telling of the horrible carnage and death that took place that fateful day. Yet, we have bastard Liberals, like “The One” who want to try and talk with these monsters. Perhaps it is because he’s one of them.

So, Bush, you’re already the lame duck, you know where most of the money came from anyhow. Why not just authorize a missile strike and wipe out all of ISLAM in one great swoop? A missile attack, and the President’s outlawing the Pratice of Islam in this Country, would be the ultimate act of justice to all of those who died on September 11, 2001.

NYT's Timothy Egan takes Joe Wurzelbacher to the woodshed

First off, let me just say that I agree with the premise of this article. However, the way it was written and tone of the article, comes off sounding very high brow and elitist sounding. I am, of course, referring to the article written by NYT guest columnist Timothy Egan, who’s filling in for Moreen Dowd. I was going to quote some of that here. But I think I’ll just let you click the link on his name there and let you go read what was written. Here is my take on what was written:

While some of what was said was actually factually correct, Joe was not a licensed Journeyman Plumber in Ohio. He was, in fact, an apprentice. He never intended to buy the shop he worked for, because it was not even for sale. The information about the supposed tax violations, even if all that is true. How this information was gained, is what burns me. How is it, that the Liberals who have been whining and crying about the FISA Bill, are all too eager to dig up information about someone who happened to challenge Barack Obama on one of his polices.

In fact, I will make a direct accusation on this Blog. I believe, personally, that Barack Hussein Obama personally asked that political operatives within the Democratic Party, working in Governmental positions in Ohio to dig up information on “Joe The Plumber” in order to discredit him. I realize that this can never be proven, because nobody within the Democratic Party is going to go against “The One”.

So, the next time, some idiotic Liberal tries to tell you about Nixon and how evil he was, just tell them, Barack Obama did basically the same thing. Only difference is, he did not get caught.

Others: NewsBusters.org, Tim Blair and Flopping Aces

Mr. "A Verb, A Noun and 9/11" Praises Obama

Well, now this is a switch from someone who was basically doing everything but calling Obama an Islamic Terrorist.

Via NewsMax:

Former New York Mayor Rudy Giuliani says Barack Obama’s election will improve America’s image overseas, and will make the U.S. “an honest nation and not a hypocritical one.”
Giuliani, who sought the 2008 Republication presidential nomination and then supported Sen. John McCain in the general election, told Britain’s Sky News:
Even those who voted against him, like me, say ‘We’re very thankful this has happened. This is the consolation prize. In having lost in terms of the ideology we wanted, or the person we wanted — John McCain — the benefit that we got was an America that can say to the world we’ve overcome the worst thing in our history.’
“If you look at America — which I believe is a great nation, a beautiful nation, a nation of altruistic goals and very often great altruistic accomplishments — one of the terrible marks against us is slavery and racism, and I think that’s a great thing for America to have overcome.
“And I believe that will gain us a tremendous amount in the world community. We can now be an honest nation and not a hypocritical one.”
Giuliani, who is attending a conference in London, also:

Said Obama’s biggest victory was in defeating Sen. Hillary Clinton for the Democratic nomination, rather than winning the general election over McCain.
Applauded Obama’s Cabinet selections, including Clinton’s appointment as secretary of state.

Admitted that he didn’t think any Republican could have beaten Obama in the election, because of the economic crisis.

Would not reveal his thoughts about possibly trying to win Clinton’s Senate seat, or another run for the White House.

Defended McCain’s running mate, Alaska Gov. Sarah Palin. “I think that Sarah Palin got a bad rap by the media because she defies some of the political correctness that the American media wants to see in a candidate,” he said. “They certainly don’t want a really attractive conservative — attractive not only physically because she is a beautiful woman, but attractive in terms of her personality and her charisma. She is the worst nightmare of the liberal press.”

I find it absolutely amazing, that when Republicans are fighting for thier political lives, they say the strangest things. But when they’re defeated, they turn on a damned dime and proceed to stoke the egos of those who defeated them.

Never seen anything like it, in my life. Rudy Giuliani is a disgrace to the Republican Party. I personally wish he could just go away. For this is the SAME man, who put the New York Emergency Operations center, IN THE WORLD TRADE CENTER itself! Against the wishes of the very man, who MANAGED THE DAMNED BUILDING!

Please, Rudi, Just go away, better yet, drop dead!

The Obligatory William Jefferson Blog Posting

Yeah, I am aware. William Jefferson was defeated. I’m glad to hear it. It should have happened eons ago. Like any corrupt politician, He should be in jail.

All I have to say about it. Sorry, no brilliance on this one. 😀

Others: Michelle Malkin, The Next Right, Outside The Beltway, RedState, The Moderate Voice, Wizbang, Fausta’s Blog, Betsy’s Page, NewsBusters.org, protein wisdom,Townhall.com, JammieWearingFool, Power Line, Top of the Ticket, PoliPundit.com, Don Surber

Remembering Pearl Harbor – December 7, 1941

On This Day, 67 Years Ago

The Empire of Japan Launched an Attack on the United States Naval Base in Pearl Harbor, Hawaii.

Let us pause and remember…..

A Video that Shows just what happened: (via Pearl Harbor.org)

May God help this Country if we ever forget what happened on that dreadful and awful day. Let us always reflect on it and remember how the madness of Communism can lead to this. The Liberals should learn from this, but sadly they have embraced that terrible madness, in the form of Modern Day Liberalism, that is basically Communism-lite.

After the attack, A Brave President Addressed the Congress and The Nation:

That Speech, “The Day of Infamy” Speech:

War was declared:

and unlike today… We didn’t have spineless Liberals who do not love America. We had REAL Democrats who saw the Challenge and fought like blood hell and Won.

May the Spirit that was born at Pearl Harbor on this fateful day; never, ever fade away and die. Remember ’41 Always.

May God Rest Thier Souls.

Others Remembering: Randy Barnett, Michelle Malkin, Betsy’s Page, Scared Monkeys

Even More Remembering:

Sorta Blogless Sunday Pinup » Pirate’s Cove — Shiny!

Remembering Pearl Harbor: December 7, 1941 | Right Voices

Economy – Politics – God « Riggword Weblog

This ain’t Hell, but you can see it from here » Blog Archive » The 24th Infantry Division in the Pacific

MishMashZone » Pearl Harbor: 67 Years Later

‘Okie’ on the Lam » Blog Archive » Pearl Harbor Day — the USS Oklahoma — a Post Redux “x” Three

Those Who Forget Are Doomed to Repeat « Jane Q. Republican

Neocon News

For Pearl Harbor, Your Service, for Everything, Thanks Dad -MacsMind

Soldier's Daughter gets wish for Christmas

If this does not make you emotional or even a little dewy eyed. You don’t have a damn soul.

Story via WXII TV:

PILOT MOUNTAIN, N.C. — A woman and 2-year-old daughter welcomed home a sergeant Thursday night who had been serving in Afghanistan since March.
Kensley Penney said she promises this year she has been a good girl. She said she does just what grandma asks and kisses her special doll with her father’s picture every night.
“When we go to bed, we say prayers and ask Jesus to keep him safe,” Kensley’s grandmother, Patty Childress, said.
Kensley is hoping these good deeds will be enough for Santa Claus to give her the two special requests she has this Christmas.
“I asked her if she wanted a new doll or a stroller, and she said, ‘I don’t know,’ and then a week later she said, ‘I want a blue truck and my daddy,'” Childress said.
Her father, Sgt. Scottie Penney, has been serving in Afghanistan since March.
Penney’s wife, April, said it’s been hard for her, but that it’s been especially tough on Kensley.
Scottie Penney’s family worked very hard to keep him in his daughter’s life, even though he was thousands of miles away from home.
“There are pictures all over the house, and like I said, she has our daddy doll,” Childress said. “When she can, she gets on the Web cam with him and makes funny faces. She knows who daddy is.”
In fact, Kensley sleeps cuddled up with her father every night. His picture is on a special doll that her family said she takes everywhere.
Thursday night, Penney walked into Pine Hills Church in Pilot Mountain to surprise his daughter.
The moment was caught on camera.
Kensley waited patiently in her grandmother’s arms to tell Santa Claus her special Christmas wish Thursday night.
“I want my daddy,” Kensley told Santa.
Kensley even practiced a song for Santa Claus, hoping it will help get her wish granted.
Kensley’s constant singing must have paid off, because the Pine Hills Church Santa delivered her Christmas wish right in time for the holidays.
“It was pretty nice,” Scottie Penney said. “We have been planning this for some time. I had mixed emotions about how (Kensley) would react.”
The rest of the room burst out in tears when Kensley and her father reunited.
Scottie Penney said it was also a surprise for him and his wife to see the community supporting them.
“It was very emotional,” he said. “I didn’t see anyone who had a dry eye. It was so great to see the love and support of our community and people who care.”

You see, it is because of stuff like this right here. Is why I am a Libertarian Conservative Blogger, this is why I decided that the Democratic Party was not that Party that loves America, Respects it’s Military. I mean, you need look no further than Michelle Malkin’s Blog to see that.

….and while I am on it. These are the people that voted for that idiotic Communist NEGRO into the White House, them are HIS people.

(removed because bad language… I should not post when I am emotional.)

God Bless that little Blondie bundle of Joy. Especially on Christmas Day. 😀

(H/T AllahPundit)