Daily Archives: November 7, 2012

The Left Celebrates Election With Typical Tolerance and Class

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You’ve probably seen the hate on Twitter, Facebook or the comments on your favorite blogs but these missives deserve your attention, if for no other reason than their sheer idiocy and uneducated mien.

Today, businessman Kevin the Geek Kerwin arrived at work to find a letter on his door that
 won’t be confused with anything Martin Luther ever left behind. The Lake Oswego computer fix it

man, who began displaying his political beliefs on signs on his business when the President told the nation business owners  ‘didn’t build’ their own success, found the following (I’ve blotted out the potty talk) :

Then, the Portland State University College Republicans found this, er, interesting missive in their inbox this morning. Uh, he’s a student. Parents, take note.

———- Forwarded message ———-
From: m**** gibson <m***.gibson1@gmail.com>
Date: Wed, Nov 7, 2012 at 10:07 AM
Subject: Re: Never give up on your country – Meeting Today
To: PSU CR President

your so dumb serously the romby appoclypse has been avoided this is a day to celebrate. Also trasnform is synonym of change. republicans do not want change. f*** yourself i hope you die your mom should have had an abortion removed me from your mailing list

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Rees Lloyd: Mojave Desert Veterans Memorial Cross Found In Time to Go Back Up on Veteran’s Day at 11am on 11-11-12

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Notwithstanding all the abusive (and profit-making)  litigation of the extremist ACLU(on behalf of Oregon’s Frank Buono) , and like-minded intolerant liberal secular fanatics who stole the Mojave Desert WWI Veterans Memorial Cross, the Cross shall rise again on Sunrise Rock at the 11th hour, of the 11th day, of the 11th month on what used to be WWI Armistice Day and now is Veterans Day, Nov. 12, 2012. 
 And it also appears that the original cross–stolen off the rock outcropping–has been found. From the Press Enterprise:

 

Two years ago, the cross vanished from its perch in the Mojave National Preserve following a U.S. Supreme Court decision allowing it to stand. This week, authorities believe they found the stolen memorial more than 500 miles away in Half Moon Bay, south of San Francisco.

Affixed to a fence post with plastic ties, the seven-foot cross was found in good condition late Monday, Nov. 5. Attached to it was a note identifying the cross as an “important historical artifact” and asking whoever found it to alert the authorities.
Rebecca Rosenblatt of the San Mateo County Sheriff’s Department said investigators believed the cross was the same one stolen from the Mojave Desert. She described their efforts to confirm its authenticity as “similar to identifying a lost child with scars or birthmarks.”

Henry and Wanda Sandoz, who have served as caretakers of the cross for decades, were not so sure. They viewed photographs that showed a box-shaped piece at the base of the cross that was not part of the original construction, Wanda Sandoz said. Either way, the couple intend to go ahead with plans to install a replacement cross this weekend.


I thank and salute Henry and Wanda Sandoz, Rep. Jerry Lewis (R-CA), American Legionnaires, VFW members, and other veterans and patriots for taking a stand against the secular extremism of the ACLU and thereby preserving the Cross and the right of Americans to decide how to honor their war dead and the service of other veterans, without a veto power being held over such decision by intolerant, totalitarian liberal secular extremists epitomized by the ACLU, which has become the Taliban of American liberal secularism.
—Rees Lloyd,
  Life Member Riverside Post 79; Past Commander District 21; Co-founder, Attorney, and Director of the Defense of Veterans Memorials Project of The American Legion Department of California

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Pete the Banker: Boeing Announces Lay Offs the Day After Election

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Hmm… curious timing, the day after the election… Wonder why that happened?? Sequester, anyone? Boeing says no, but you be the judge:

Boeing, the Pentagon’s second-largest supplier, said the changes were the latest step in an affordability drive that has already reduced the company’s costs by $2.2 billion since 2010, according to the memo.

The measures come as U.S. weapons makers are under pressure to cut costs and preserve profit margins amid dwindling defense spending in the U.S. 
Boeing said the changes were not a response to the threat of additional, across-the-board U.S. budget cuts due to take effect on Jan. 2, or the outcome of U.S. elections, but represented another step in its continuing drive to “be more competitive while investing in technologies and people.”
Boeing said it could not project exactly how workers would lose their jobs because it would try to place people in its growing commercial business.
The rest of the story

here. 

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Pete the Banker: Obama’s Election Surprise! Obama May Setting Up to Bail Out FHA

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The FHA has been making 90% – 95% loan to value mortgages and it looks like delinquencies are going through the roof. 
 
This has been going on for a while and this Administration has done little to resolve the growing problem. So the question is:
 
“Will the federal housing agency soon seek a taxpayer rescue?.
 
The Obama Administration has postponed all kinds of business past Election Day, so expect to see more than one November surprise in the coming weeks. One of the more unpleasant could come from the Federal Housing Administration, which now guarantees about 15% of all U.S. mortgages.
 

The Department of Housing and Urban Development is scheduled to file its annual, independent actuarial report on the FHA this month, and market scuttlebutt is anticipating a big financial hole. The agency was careening toward a taxpayer bailout earlier this year until the feds and state Attorneys General plugged the hole with about $1 billion from a $25 billion bank settlement.
 
So it’s reasonable to forecast that the red ink could run heavy, which could mean the agency has to go hat in hand to taxpayers for the first time in its 78-year history. From 2007 to 2009, the FHA doled out insurance on low down payment loans to borrowers with high debt ratios—a risky strategy even when markets are healthy. As of June 30, 25.82% of FHA’s 2007 loans, 24.88% of its 2008 loans, and 12.18% of its 2009 loans were seriously delinquent.
 
The FHA has been raising premiums and writing new business with ostensibly better customers, but the new income may not be enough to offset losses from the earlier loans. American Enterprise Institute scholar Ed Pinto estimates some 80% of the FHA’s loans are four years old or younger, yet the agency had a negative $1.7 billion cash flow in the fiscal third quarter ended June 30.
 
The Obama Administration has been downplaying the FHA’s woes until recently. HUD Secretary Shaun Donovan told a Senate committee in February he was “confident” the feds were “taking responsible steps to protect the FHA fund.” The same day, acting FHA Commissioner Carol Galante told a House committee the “FHA is not broke.””
   
From a WSJ article earlier this year, the WSJ showing that the OMB estimated FHA reserves at $4.7Billion and now the agency is burning through about $1.7B/quarter? 
 
“The estimates by the White House’s Office of Management and Budget show that the FHA’s capital reserves, which stood at $4.7 billion in October, would be wiped out in the coming year, forcing the agency to seek nearly $700 million from the U.S. Treasury.”
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ROUT! Voters Decide They Don’t Want Dad, They Want the Fun Babysitter

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American voters have decided Dad and Mom can stay out all night; they want to hang with the cool babysitter who doesn’t care if they stay up late gaming and drinking coke while mainlining Cheetos.

Barack Obama and Slo Joe Biden won another four years and congratulations to them! For the first time during his tenure, President Obama will have no one else to blame but, if past is prologue, it won’t be for lack of trying.


Republicans have got a problem. Telling Americans there’s no Disneyland trip for spring break isn’t going over very well. The kids are on strike.

During this past four years, the President has bought off many constituencies with his “free” handouts.

Cash for Clunkers
HARP, HARP II, First time home buyers giveaways
Solyndrification of the economy
Promises of help with college loans
Virtual amnesty for children of illegal aliens
Food Stamp expansion
Welfare expansion
Jobless benefits expansion

This has gotten him elected. And with each expansion of the government, the individual–the citizen–has gotten smaller.

Now the piper must be paid. The President has no plan to loosen the grip on the economy to grow it. His philosophy is that the economy is a zero sum game, so he’s looking to square America’s debts on the backs of the people who are the most wealthy (except his friends who will be bailed out on the back end–just watch). These are the people who really do create the jobs. And they’ll lay off people to pay for the new burdens.

The estimated $3 Trillion of capital sitting on the sidelines will probably go to another economy. Capital is liquid, after all. Maybe some will come back–if the President comes up with a scheme to pay them off. He’s good at that.

People are selling out and moving. They’ve sold their homes to make themselves less vulnerable to the tax increase and regulatory whims of the left. They’ve gone to other, more tax friendly, states or have left or are making plans to leave the country. Really. The Dominican Republic is going to be a hot spot for disaffected Americans.

Due to the fiscal cliff, sequester and ObamaCare, Americans will be taxed more.  The fiscal cliff, a combination of higher taxes, forced cuts to military, debt ceiling increases and deficit reduction among other things, will cost most families hundreds to thousands of dollars more per year. See graph near by.

Americans, who have been ravaged by the succession of recessions starting in 2007, will likely have to belt tighten even more due to a new recession that is a predicted fallout from the debt and downgrade. The housing market will necessarily stall out and plunge us into a lost decade.

 To those waking up today to their beatified President: when the glow of victory wears off, we’ll still be here, saying the same things about fiscal responsibility. Our message won’t change.

The price of electricity due to the war on coal will continue to “skyrocket” in the President’s providential words. Gas prices will stay high. Grocery prices will continue to go up due to these stressors. Inflation will set in after 2015 when the phony quantitative easing programs expire.

Our national defense will take a hit. We will have to do more with less. The President promises this even as he has created an even worse vulnerability in Libya, Egypt, Syria and Lebanon because of his disastrous foreign ‘policy.’ He has lost Egypt and his Ambassador to Libya is dead. He has “put daylight between” us and Israel. He’s giving weapons to Al Qaeda in Syria. Iraq is falling into chaos because he couldn’t come up with a status of forces agreement.

Ineptitude is the new ‘success’ apparently.

The public sector union’s wholly owned subsidiary, Occupy Wall Street, is on the streets decrying the 1% ers and pretending to stand for the 99%. Congratulations. Thanks to your votes last night, you have assured there will be more 99% ers.

But I have hope. I really do. If the President says he has a plan to get us out of this mess then I’m all ears. I want to hear it. Let us in on the plan, Mr. President!

The blame stops here and now.

Now where can I pick up an Obamaphone? Gotta make a call about a second job. 

Tell ’em where you saw it. Http://www.victoriataft.com
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The Left Celebrates Election With Typical Tolerance and Class

Uncategorized

You’ve probably seen the hate on Twitter, Facebook or the comments on your favorite blogs but these missives deserve your attention, if for no other reason than their sheer idiocy and uneducated mien.

Today, businessman Kevin the Geek Kerwin arrived at work to find a letter on his door that
 won’t be confused with anything Martin Luther ever left behind. The Lake Oswego computer fix it

man, who began displaying his political beliefs on signs on his business when the President told the nation business owners  ‘didn’t build’ their own success, found the following (I’ve blotted out the potty talk) :

Then, the Portland State University College Republicans found this, er, interesting missive in their inbox this morning. Uh, he’s a student. Parents, take note.

———- Forwarded message ———-
From: m**** gibson <m***.gibson1@gmail.com>
Date: Wed, Nov 7, 2012 at 10:07 AM
Subject: Re: Never give up on your country – Meeting Today
To: PSU CR President

your so dumb serously the romby appoclypse has been avoided this is a day to celebrate. Also trasnform is synonym of change. republicans do not want change. f*** yourself i hope you die your mom should have had an abortion removed me from your mailing list

Tell ’em where you saw it. Http://www.victoriataft.com
Email, RSS Follow

Pete the Banker: Obama’s Election Surprise! Obama May Setting Up to Bail Out FHA

Uncategorized
The FHA has been making 90% – 95% loan to value mortgages and it looks like delinquencies are going through the roof. 
 
This has been going on for a while and this Administration has done little to resolve the growing problem. So the question is:
 
“Will the federal housing agency soon seek a taxpayer rescue?.
 
The Obama Administration has postponed all kinds of business past Election Day, so expect to see more than one November surprise in the coming weeks. One of the more unpleasant could come from the Federal Housing Administration, which now guarantees about 15% of all U.S. mortgages.
 

The Department of Housing and Urban Development is scheduled to file its annual, independent actuarial report on the FHA this month, and market scuttlebutt is anticipating a big financial hole. The agency was careening toward a taxpayer bailout earlier this year until the feds and state Attorneys General plugged the hole with about $1 billion from a $25 billion bank settlement.
 
So it’s reasonable to forecast that the red ink could run heavy, which could mean the agency has to go hat in hand to taxpayers for the first time in its 78-year history. From 2007 to 2009, the FHA doled out insurance on low down payment loans to borrowers with high debt ratios—a risky strategy even when markets are healthy. As of June 30, 25.82% of FHA’s 2007 loans, 24.88% of its 2008 loans, and 12.18% of its 2009 loans were seriously delinquent.
 
The FHA has been raising premiums and writing new business with ostensibly better customers, but the new income may not be enough to offset losses from the earlier loans. American Enterprise Institute scholar Ed Pinto estimates some 80% of the FHA’s loans are four years old or younger, yet the agency had a negative $1.7 billion cash flow in the fiscal third quarter ended June 30.
 
The Obama Administration has been downplaying the FHA’s woes until recently. HUD Secretary Shaun Donovan told a Senate committee in February he was “confident” the feds were “taking responsible steps to protect the FHA fund.” The same day, acting FHA Commissioner Carol Galante told a House committee the “FHA is not broke.””
   
From a WSJ article earlier this year, the WSJ showing that the OMB estimated FHA reserves at $4.7Billion and now the agency is burning through about $1.7B/quarter? 
 
“The estimates by the White House’s Office of Management and Budget show that the FHA’s capital reserves, which stood at $4.7 billion in October, would be wiped out in the coming year, forcing the agency to seek nearly $700 million from the U.S. Treasury.”
Tell ’em where you saw it. Http://www.victoriataft.com
Email, RSS Follow

ROUT! Voters Decide They Don’t Want Dad, They Want the Fun Babysitter

Uncategorized

American voters have decided Dad and Mom can stay out all night; they want to hang with the cool babysitter who doesn’t care if they stay up late gaming and drinking coke while mainlining Cheetos.

Barack Obama and Slo Joe Biden won another four years and congratulations to them! For the first time during his tenure, President Obama will have no one else to blame but, if past is prologue, it won’t be for lack of trying.


Republicans have got a problem. Telling Americans there’s no Disneyland trip for spring break isn’t going over very well. The kids are on strike.

During this past four years, the President has bought off many constituencies with his “free” handouts.

Cash for Clunkers
HARP, HARP II, First time home buyers giveaways
Solyndrification of the economy
Promises of help with college loans
Virtual amnesty for children of illegal aliens
Food Stamp expansion
Welfare expansion
Jobless benefits expansion

This has gotten him elected. And with each expansion of the government, the individual–the citizen–has gotten smaller.

Now the piper must be paid. The President has no plan to loosen the grip on the economy to grow it. His philosophy is that the economy is a zero sum game, so he’s looking to square America’s debts on the backs of the people who are the most wealthy (except his friends who will be bailed out on the back end–just watch). These are the people who really do create the jobs. And they’ll lay off people to pay for the new burdens.

The estimated $3 Trillion of capital sitting on the sidelines will probably go to another economy. Capital is liquid, after all. Maybe some will come back–if the President comes up with a scheme to pay them off. He’s good at that.

People are selling out and moving. They’ve sold their homes to make themselves less vulnerable to the tax increase and regulatory whims of the left. They’ve gone to other, more tax friendly, states or have left or are making plans to leave the country. Really. The Dominican Republic is going to be a hot spot for disaffected Americans.

Due to the fiscal cliff, sequester and ObamaCare, Americans will be taxed more.  The fiscal cliff, a combination of higher taxes, forced cuts to military, debt ceiling increases and deficit reduction among other things, will cost most families hundreds to thousands of dollars more per year. See graph near by.

Americans, who have been ravaged by the succession of recessions starting in 2007, will likely have to belt tighten even more due to a new recession that is a predicted fallout from the debt and downgrade. The housing market will necessarily stall out and plunge us into a lost decade.

 To those waking up today to their beatified President: when the glow of victory wears off, we’ll still be here, saying the same things about fiscal responsibility. Our message won’t change.

The price of electricity due to the war on coal will continue to “skyrocket” in the President’s providential words. Gas prices will stay high. Grocery prices will continue to go up due to these stressors. Inflation will set in after 2015 when the phony quantitative easing programs expire.

Our national defense will take a hit. We will have to do more with less. The President promises this even as he has created an even worse vulnerability in Libya, Egypt, Syria and Lebanon because of his disastrous foreign ‘policy.’ He has lost Egypt and his Ambassador to Libya is dead. He has “put daylight between” us and Israel. He’s giving weapons to Al Qaeda in Syria. Iraq is falling into chaos because he couldn’t come up with a status of forces agreement.

Ineptitude is the new ‘success’ apparently.

The public sector union’s wholly owned subsidiary, Occupy Wall Street, is on the streets decrying the 1% ers and pretending to stand for the 99%. Congratulations. Thanks to your votes last night, you have assured there will be more 99% ers.

But I have hope. I really do. If the President says he has a plan to get us out of this mess then I’m all ears. I want to hear it. Let us in on the plan, Mr. President!

The blame stops here and now.

Now where can I pick up an Obamaphone? Gotta make a call about a second job. 

Tell ’em where you saw it. Http://www.victoriataft.com
Email, RSS Follow