Right Wing Dog

The FIGHT for The RIGHT!

Polls According to Barack Obama! He is GOING DOWN FOR THE THIRD TIME!

Pollster.com says Obama
Overall Job Approval: Approve – 44.5%; Disapprove – 51.5%
Health Care: Approve – 42.8%; Disapprove – 51.2%
Econ: Approve – 38.8%; Disapprove – 56.3%

The Health Care Plan: Favor – 41.7%; Oppose – 45.4%

Right Direction/Wrong Track: Right Direction – 31.1%; Wrong Track – 57.3%

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August 7, 2010 Posted by | 2008 Election, 2010 elections, 2012 Elections, Abortion, America, Blogroll, commentaries, Congress, corruption, Democrat, economy, election, Healthcare, House, Joe Biden, Liberal Democrat, MainStreamMedia, Michelle Obama, NOBAMA, Obama, pelosi, Political, POLITICS, President, Presidential Candidate, Senator, Social Security, Socialist, stimulus package, Terrorism, Vice President, White House | , , , , , | Leave a comment

Barney Frank, Bailout King, Maybe Following Rangel and Waters to the Hot Seat Over His Questionable and Apparently Illegal Deeds as a Member of The House. My Opinion: It Couldn’t Happen To A More Deserving Individual!

Barney Frank is out of control. He believes the laws do not apply to him or his friends in Washington. The arrogance is breathtaking – funneling taxpayer money to friends, using political power for financial gain, and conspiring to cover up ethics violations… “Watersgate” has all the hallmarks of a John Grisham political thriller. Unfortunately, this is business-as-usual for Barney Frank and many of his colleagues in Washington.

A recent controversy erupted when a Congressional ethics panel suggested that one of Rep. Frank’s Washington colleagues, Rep. Maxine Waters, committed ethics violations by attempting to use her political influence to funnel taxpayer-funded bailout money to wealthy campaign donors.

After recognizing this constituted an ethics violation, Barney Frank stepped in and told her that he would personally handle the issue. He has publicly admitted that he directed more than $12 million to businesses owned by Rep. Waters’ rich friends and campaign donors.

Bailout Barney has admitted that he didn’t look at OneUnited Bank’s operations, which include poor business practices and excessive executive pay and perks – including the CEO’s company owned Porsche, and knew that funneling the money himself allowed Rep. Waters to avert ethics violations. But he still needs to explain why he advocated bailing out this bank with $12 million in taxpayer funding!

You and I know Barney Frank will never admit to any wrong-doing, so it’s time to show him how fed up we are with his use of political power at taxpayers’ expense. This fall we have the best opportunity in nearly thirty years to defeat Bailout Barney at the ballot box,

RWD

August 6, 2010 Posted by | 2008 Election, 2010 elections, 2012 Elections, 9/11, America, Blogroll, Congress, corruption, Democrat, Healthcare, House, Joe Biden, LGBT, Liberal Democrat, Main Stream Media, Michelle Obama, NOBAMA, Obama, pelosi, Political, POLITICS, Socialist, stimulus package, Unconstitutional, unions | , , , , , , , , | Leave a comment

Obama’s Healthcare Bill Turns Out to be a HOT ISSUE for one Group!

The Obama administration is turning up the heat on tanning salons across the country with the passage of its new health care bill. To help fund the $940 billion health care overhaul, a 10% tax on individuals receiving indoor tanning services was tacked on, and the initiative is expected to generate $2.7 billion over ten years

I wonder IF this is how he intends to HELP small business survive?

RWD

March 25, 2010 Posted by | 2010 elections, 2012 Elections, Abortion, Blogroll, Change, Chicago, Congress, corruption, Democrat, Durbin, election, Healthcare, House, Illinois, Joe Biden, Liberal Democrat, Main Stream Media, Michelle Obama, NOBAMA, Obama, pelosi, Political, POLITICS, President, Presidential Candidate, Reid, Social Security, Socialist, stimulus package, Tax, Unconstitutional, unions, Voting, White House | , , , , | 4 Comments

Barack Obama has shown his ROOTS in Politics are based on Chicago Style Thugery!

Barack Hussein Obama has finally brought out in the open the style of politics he learned while under the titelage of such Democratic greats in Illinois as Mayor Daley, Larry Walsh, Emil Jones, Little Dickie Durbin, Michael Madigan, Rod Blagojevich, Rahm Emanuel (who Daley sent along to Washington to keep an eye on Obama and tell him the orders from the BOSS).

OBAMA IS OPENLY BUYING VOTES! No other way to call it! OBAMA IS OPENLY BUYING VOTES!

He recently unveiled a program, A SELECTIVE PROGRAM, for the Government to fund a $1.5 Billion Dollar housing Bailout! Sounds good does it not? Well here is the part that our smooth talking, shifty, Chicago taught President doesn’t speak about. He picked five states, Arizona, California, Florida, Michigan and Nevada to be the states he is helping. I listed the states in alphabetical order BUT I am sure that Nevada should be the first state, then maybe Michigan followed by Florida and/or California and Arizona. It really makes no difference because he selected these states all for the same reason. THEY HAVE SENATORS WHO ARE UP FOR ELECTION AND A FEW CONGRESSPERSONS AS WELL, WHO ARE IN TROUBLE IN FOR THE NOVEMBER ELECTION. He is using OUR MONEY to help shore up votes for these Democrats losers. He is also, in reality campaigning again with all these alleged one on one with the public “Town Hall Style Meetings” he has started up. Those meetings are costing American taxpayers dearly. His flight costs, the salarries for all the staff people whoi go with him, the time he spends away from what he is supposed to be doing etc.

This is corruption in its purest form. This is bribery. This is theft of our monies by Obama by using deceptive practices.

I am amazed, disgusted and feel like I am always being lied to by this president.

RWD

February 21, 2010 Posted by | 2010 elections, 2012 Elections, America, Blogroll, Chicago, Congress, corruption, Democrat, Durbin, election, House, Liberal Democrat, Michelle Obama, NOBAMA, Obama, pelosi, Political, POLITICS, President, Presidential Candidate, Rahm Emanuel, Republican, Senator, Socialist, stimulus package, Voting | , , , , , , , , , , , | 2 Comments

Barack Obama’s PRO-HOMOSEXUAL Appointee NEEDS to Be REMOVED FROM his Job – – As Head of The United States Office of Safe Schools!

This is no joke, KEVIN JENNINGS, an activist for HOMOSEXUAL ADVOCASY was actually appointed to this position by BARACK HUSSEIN OBAMA. This is the epitome of Obama throwing his liberal beliefs in the face of the American people.

At least fifty three members of Congress have signed and sent a letter to President Obama requesting the removal of Kevin Jennings, the pro-homosexual activist who was appointed to head the nation’s office of safe schools.

There is a an online website http://www. StopJennings.org. It tells why those in Congress believe Jennings is unfit to hold the office.

It was reported last week ,books promoted for children by the homosexual advocacy organization Jennings founded, the Gay, Lesbian, Straight Education Network, include descriptions on child molestation, adult-child sex, explicit descriptions of sex acts and tales of cruising restrooms for sex.

Several book titles recommended for children are “Queer 13,” “Passages of Pride,” “Growing Up Gay/Growing Up Lesbian,” “In Your Face,” “Mama’s Boy, Preacher’s Son” and “Love & Sex: Ten Stories of Truth.”

It was reported the campaign to remove JENNINGS was started with a dozen members of Congress asking Obama to take action and remove Jennings:

“We respectfully request that you remove Kevin Jennings, the Assistant Deputy Secretary for the Office of Safe and Drug Free Schools, from your administration. It is clear that Mr. Jennings lacks the appropriate qualifications and ethical standards to serve in this capacity.”
The letter was signed by U.S. Reps. Doug Lamborn of Colorado, Steve King of Iowa, Duncan Hunter of California, Darrell Issa of California, Paul Broun of Georgia, Joe Pitts of Pennsylvania and others. The lawmakers pointed out Jennings “has played an integral role in promoting homosexuality and pushing a pro-homosexual agenda in America’s schools.”

I URGE you to call the Secretary of Education, Arne Duncan at 800-872-5327 and demand that he remove Kevin Jennings from the Department of Education.

However, expect a rebuff! Duncan, a Harvard garduate buddy of Obamas was also raised in the Hayde Park Community of Chicago. Duncan also actively promoted the Chicago Annenberg Challenge, known as a radical education organization formerly headed by WILLIAM AYRES and BARACK HUSSEIN OBAMA. Duncan was put in charge of the Chicago Public School system by Mayor Daley (Chicago Democratic Machine) and while under his leadership Chicago Public Schools passed a comprehensive curricula entited the Family Life and Comprehensive Sexual Health Education policy in 2006. It is also important to note that while Duncan was the head of Chicago schools, he spent the second highest amount per indivudal student in the nation but his average test scores showed little if any improvement. It makes a person wonder IF he was the correct person to appoint to the post of Secretary of Education by Barack Hussein Obama!

RWD

December 8, 2009 Posted by | 2008 Election, 2010 elections, 2012 Elections, America, Blogroll, Change, Chicago, Christian, Congress, Conservative, corruption, Democrat, election, Hilda Solis, House, Illinois, Jeremiah Wright, Liberal Democrat, Michelle Obama, NOBAMA, Obama, pelosi, Political, POLITICS, President, Presidential Candidate, Rahm Emanuel, Roland Burris, Senator, Socialist, stimulus package, Unconstitutional, White House | , , , , , , , , , , , , , , | Leave a comment

Barack Obama talks for 30 Minutes and Says Nothing. My Quotes from Ralph Peter’s Column tells the Story

July 2011,Taliban,The text in quotes is Ralph Peter’s who Writes foir the N.Y POST, the text in BOLD is mine!

“Just plain nuts: That’s the only possible characterization for last night’s presidential declaration of surrender in advance of a renewed campaign in Afghanistan. ” (What a Commander in Chief, gives up before he starts)
“President Obama will send 30,000 more troops to Afghanistan — but he’ll “begin the transfer of our forces out of Afghanistan in July of 2011.” Then why send them?” (The election is in 2012 isn’t it)

“If you’re going to tell the Taliban to be patient because we’re leaving, what’s the point in upping the blood ante? For what will come down to a single year by the time the troops hit the ground?” (Hang on Taliban, when we leave we wiull give the Afghanian people alot of equipment and munitions that you can rip off for your own)

“Does Obama really expect to achieve in one year what we haven’t been able to do in more than eight?”
(He knows not what he is doing and neither do his advisors)

“And what did this “new strategy” come down to, otherwise? More of the same, but more: More troops, more civilians, more partnership.” (How about more LIES)

“Well, the troops will go, the civilians won’t — and the partnerships are a fantasy.” (The civilians and our so called “partners” are both to smart to fall for this load of troops he is sending with orders not to shoot anyone)

“Our president is setting up our military to fail — but he’ll be able to claim that he gave the generals what they wanted. Failure will be their fault.” (Once again it is all about Barack Hussein Obama and Chicago Machine Dirty Politics)

“He’s covering his strong-on-security flank, even as he plays to our white-flag wavers. His cynicism’s worthy of a Saddam.” (Obama isn’t much on knowledge to be a President but he sure knows how to cover his ass)

“This isn’t just stupid: It’s immoral. No American president has ever espoused such a worthless, self-absorbed non-strategy for his own political gratification.” (This President is worthless and self=absorbed and only interested in what is good for Barack Hussein Obama)

“On the other hand, the stage lighting and the camera angles at West Point were terrific. Our president looked good. Jaw jutting high (in his “hope” pose), he decried political partisanship — but spent more time blaming Bush and Iraq for our Afghan problems than he spent blaming the Taliban” (Why did he choose West Point for this televised speech? I know, you figure it out! Blaming GWB is getting real old, it’s been a year Barack, get off it)

“Nor did Obama miss a single chance to praise himself, insisting that he’s already transformed our relationship with the Middle East (please notify the Iranians, al Qaeda, Hezbollah and Hamas) and that all of his dithering demonstrated wisdom.” (Of course, Barack Hussein Obama can do no wrong, He just can’t see anything around him because of the brightness of his own self believed halo)

“This guy loves to hear himself talk. The last quarter of the speech was boiler-plate rhetoric that wandered off into the clouds. And that human-rights stuff? Where was that during his visits to China and Saudi Arabia? Hypocrisy, thy name is Barack.” (He talks and talks and talks and says nothing)

“Above all, where was the strategy? And where are the four-star resignations over a policy designed to squander American lives just to give an administration political cover?” (I wonder what will come of the numbers of our military killed in Afghanistan after this, will we be told truth or the Obamaized version?)

“After eight years of failure to create effective Afghan security forces and a responsible government, does anyone believe we can do it in 12 to 18 months?” (Obama will wave his magic wand and it will become so, Yeah sure it will))

“Target the insurgency”? Does that mean our soldiers will finally be permitted to go after our enemies and kill them? Nope. Those troops are going to “secure population centers.” We’ll be passive and let the enemy choose where and when to strike.”( you betcha, rules of engagement will be very strict, Obama surely doesn’t want a high body count for the Taliban to militate against him)

When fighting insurgents and terrorists, if you’re not slamming them up against the wall and breaking their bones, you’re losing. Obama isn’t sending more troops — he’s sending more targets.

“By the time Obama finally got to Pakistan — the refuge of evil — he was spouting pure nonsense: “We are committed to a partnership with Pakistan that is built on a foundation of mutual interests, mutual respect and mutual trust.” But our interests diverge, we don’t respect each other and we certainly don’t trust each other. ” ( What is it with Obama and Pakistan , better know as Evilistan, he always manages to make them appear the victims, maybe it is because he has so many wealthy Pakistani friends and donors to his campaigns!)

Mr. President, you are a dim bulb and have sent our troops into a trap and sold the country of Afghanistan down the river. You have made yourself (you think) bullet proof by trying to appease both sides, the hawks and the gutless doves! You have erred greatly and will pay as your asinine waiting for months and coming up with this cockamayme plan is nothing but political suiside!

RWD

December 3, 2009 Posted by | 2010 elections, 2012 Elections, 9/11, America, Blogroll, Change, Chicago, Christmas, Congress, Conservative, corruption, Democrat, Durbin, election, House, Illinois, Islam, Liberal Democrat, Michelle Obama, Military, News Site, NOBAMA, Obama, pelosi, Political, POLITICS, President, Presidential Candidate, Rahm Emanuel, Rezko, RIGHTWINGDOG, Roland Burris, Senator, Socialist, Terrorism, Voting, War, White House | , , , , , , , , , , , , , | 4 Comments

Barack Obama’s Cabinet is full of People Getting On The Job Training! Is that Scary or What?

If you examine the prior private sector experience of the cabinet officials since 1900 that one might expect a president to turn to in seeking advice about helping the economy. It includes secretaries of State, Commerce, Treasury, Agriculture, Interior, Labor, Transportation, Energy, and Housing & Urban Development, and excludes Postmaster General, Navy, War, Health, Education & Welfare, Veterans Affairs, and Homeland Security—432 cabinet members in all.
When you examine the cabinet positions that Barack Hussein Obama has made, only about SEVEN PER CENT HAVE HAD ANY PRIOR PRIVATE SECTOR EXPERIENCE IN WHAT THEY DO, so says an analysist at J.P. Morgan.

The Presidents with appointments of members with the MOST experience before Washington were; Eisenhower – 59%, Reagan – 58%, George H.W. Bush – 52% and George W. Bush – 52%! Strangely enough they were ALL Republicans! Hmmmmmmmmmmmmmmmm.

Kennedy – 28% and Obama – 7-% were the lowest!
Is this scary or what?

Where does this appear in the Main Stream Media – T.V., Newspapers, Magazines ETC??
This graph for this showing all Presidents since 1900 can be found at: http://blog.american.com/?p=7572

RWD

November 30, 2009 Posted by | 2008 Election, 2010 elections, 2012 Elections, America, Blogroll, Carol Browner, Clinton, Congress, Conservative, Democrat, Durbin, election, Energy, Healthcare, Hilda Solis, Hillary, House, huckabee, Joe Biden, Liberal Democrat, Main Stream Media, Michelle Obama, News Site, NOBAMA, Obama, Political, POLITICS, President, Presidential Candidate, Roland Burris, Senator, Social Security, Socialist, Terrorism, Unconstitutional, unions, Veterans, Vice President, White House | , , , | Leave a comment

Here is Proof Positive Barack Hussein Obama’s Popularity is Dropping Like a BIG Rock in the Eyeys of the Voters!

This poll (Rasmussen) is the best reporting poll on the Net. I don’t always like the numbers (:-)) but I feel they are honest. Take a quick read on what they have to say belwo about Barack Hussein Obama and how he and his policies are currently perceived by the voting public:

Daily Presidential Tracking Poll
Tuesday, November 24, 2009

The Rasmussen Reports daily Presidential Tracking Poll for Tuesday shows that 27% of the nation’s voters Strongly Approve of the way that Barack Obama is performing his role as President. Forty-two percent (42%) Strongly Disapprove giving Obama a Presidential Approval Index rating of -15. This is the lowest Approval Index rating yet measured for President Obama.
Fifty-two percent (52%) of Democrats Strongly Approve while 68% of Republicans Strongly Disapprove. Among those not affiliated with either major political party, just 16% Strongly Approve and 51% Strongly Disapprove (
Forty-five percent (45%) want U.S. troops home from Afghanistan either right away or within a year.Forty-three percent (43%) are opposed to such a firm timetable.
Fifty-three percent (53%) of voters worry that the federal government will do too much when it comes to reacting to the nation’s financial problems. That’s up seven points since President Obama took office.
The Presidential Approval Index is calculated by subtracting the number who Strongly Disapprove from the number who Strongly Approve. It is updated daily at 9:30 a.m. Eastern (sign up for free daily e-mail update). Updates are also available on Twitter and Facebook.
Overall, 45% of voters say they at least somewhat approve of the President’s performance. That matches the lowest level of total approval yet measured for this president. Eighty-one percent (81%) of Democrats approve as do 33% of unaffiliated voters. Eighty-three percent (83%) of Republicans disapprove.
Among all voters, 54% now disapprove. (of Obama that is)
Support for the health care plan proposed by the President and Congressional Democrats has fallen to a new low of 38%. Sixty percent (60%) of voters believe passage of the bill will lead to higher health care costs.

All in all, it appears that Barack Hussein Obama is failing/falling in the eyes of the voters. It also appears that like the mid-term elections in 1994 when the Republicans took back both houses of Congress, it may happen again in 2010. Holy Moley, I hope so! I have to ask, as I often do, why is it that NONE of this is reported in the mainstream media?

RWD

(my comments appear in italics)

November 25, 2009 Posted by | 2010 elections, 2012 Elections, America, Blogroll, Change, Congress, corruption, Democrat, election, Healthcare, House, immigration, Islam, Liberal Democrat, Main Stream Media, MainStreamMedia, Michelle Obama, Murtha, New Yrok Times, News Site, NOBAMA, Obama, Political, POLITICS, President, Presidential Candidate, Reid, Republican, RIGHTWINGDOG, Roland Burris, Senator, Socialist, Terrorism | , , , , | 1 Comment

Barack Hussein Obama – Here is a Letter Expressly For YOU! Please read and CHANGE for the Sake of the United States of America!

AN OPEN LETTER TO PRESIDENT OBAMA

Dear President Obama:
You are the thirteenth President under whom I have lived
and unlike any of the others, you truly scare me.
You scare me because after months of exposure,I know nothing about you.
You scare me because I do not know how you paid for your expensive Ivy League education
and your upscale lifestyle and housing with no visible signs of support.
You scare me because you did not spend the formative years of youth growing up in America
and culturally you are not an American.
You scare me because you have never run a company or met a payroll.
You scare me because you have never had military experience, thus don’t understand it at its core.
You scare me because you lack humility and ‘class’, always blaming others.
You scare me because for over half your life you have aligned yourself with radical extremists
who hate America and you refuse to publicly denounce these radicals who wish to see America fail.
You scare me because you are a cheerleader for the ‘blame America’ crowd and deliver this message abroad.
You scare me because you want to change America to a European style country
where the government sector dominates instead of the private sector.
You scare me because you want to replace our health care system with a government controlled one.
You scare me because you prefer ‘wind mills’ to responsibly capitalizing on our own vast oil, coal and shale reserves.
You scare me because you want to kill the American capitalist goose that lays the golden egg
which provides the highest standard of living in the world.
You scare me because you have begun to use ‘extortion’ tactics against certain banks and corporations.
You scare me because your own political party shrinks from challenging you on your wild and irresponsible spending proposals.
You scare me because you will not openly listen to or even consider opposing points of view from intelligent people.
You scare me because you falsely believe that you are both omnipotent and omniscient.
You scare me because the media gives you a free pass on everything you do.
You scare me because you demonize and want to silence the Limbaughs, Hannitys, O’Relllys and Becks
who offer opposing, conservative points of view.
You scare me because you prefer controlling over governing.
Finally, you scare me because if you serve a second term I will probably not feel safe in writing a similar
letter in 8 years.
Lou Pritchett

(Lou Pritchell is formerly CEO of Procter and Gamble)

TRUTH of LETTER – CHECK:
http://www.snopes.com/politics/soapbox/youscareme.asp

This letter was sent to the NY Times but
they never acknowledged it. Big surprise! Since
it hit the internet, however, it has had over
500,000 hits. Keep it going. All that is
necessary for evil to succeed is that good men do
nothing. It’s happening right now.

October 23, 2009 Posted by | 2010 elections, 2012 Elections, America, Blogroll, Chicago, Congress, corruption, Democrat, Healthcare, House, Illinois, immigration, Investigative, Liberal Democrat, Main Stream Media, MainStreamMedia, Michelle Obama, NOBAMA, Obama, Political, POLITICS, President, Presidential Candidate, Senator, Socialist, stimulus package, Terrorism, White House | , , , , | 2 Comments

Obama’s Congress is Giving Easy Money to Un-Qualified Home Buyers Thru The FHA as It Did With Fannie and Freddie. Barney Frank in The Drivers Seat!

Easy-money mortgages is still provided, by the feds

Is the ghost of Ted Kennedy driving this?

Easy-money mortgages with little or no down payment for buyers/pigs with bad credit/no credit was a thing of the past? The money trough is open.

You can get the money today, guaranteed by the federal government.

Barney Frank and Chris Dodd at work:

Loans insured by the (FHA) have become “the new subprime,” and these loans are exposing taxpayers to the same kinds of soaring default rates and losses that brought down Fannie Mae and Freddie Mac as well as destroyed many banks and the private market for mortgage loans. Frank and Dodd don’t care as long as the shlubs that borrow this money vote for them and their party!

While private lenders learned a lesson from the mortgage crisis and are shying away from easy-money loans, the FHA has stepped in. The agency is backing for 37 percent of all mortgages used to buy homes this year.

After the collapse of the private mortgage market last year, Congress and the George W. Bush administration greatly expanded the FHA’s original Depression-era program aimed at assisting sales of modestly priced homes by more than doubling the ceiling on loans that the agency can insure to $625,500 while maintaining its loose lending terms – ensuring that nearly any home sale could be covered by the agency.

The FHA’s predominance was enhanced further this year when Barack Hussein Obama’s Congress lifted the ceiling to more than $729,000 for major urban areas and passed an $8,000 tax credit for first-time homebuyers that can be accelerated for borrowers to use as a down payment on FHA loans and avoid any cash commitment to their home purchases. No money down on big money homes means forclosure in a year or two and a HUGE loss to the American Taxpayer!

While these changes were intended to be temporary and expire by the end of the year, given the fragility of the housing and mortgage markets, Congress is considered likely to extend them this fall. Of course they will, 2010 is an election year.

Use of the same bad credit practices that were at the root of the housing crisis, likely feeding further waves of default and foreclosure. But this time it is the taxpayer – not the banks – who could end up holding the bag.

The surging default rates of more than 30 percent on loans insured since 2006 by the FHA. That is not far below the 40 percent rate of default and foreclosure on the notorious subprime loans that ignited the credit crisis.
FHA’s portfolio is exploding and the taxpayer is now on the hook for 100 percent of the losses,”

FHA’s growing default problems are the results are the same – unsustainable/bad loans perpetuate the nightmare of foreclosures.”

It is estimated that 20 percent of the FHA’s entire portfolio of $725 billion mortgages will end up in foreclosure – and FHA agrees . It is predicts that the FHA will require a taxpayer bailout within two to three years. Yet, they continue to push the bad money out the door as the behest of Barack Hussein Obama and his minions in Congress like Barney Frank and Chris Dodd.

One reason defaults are soaring is they are lending to homebuyers who haven’t saved enough to make down payments. Loans with little or no down payment (no owner investment) have high rates of loss is because the borrower has little or no financial stake in losing their homes to foreclosure.

The FHA requires a minimal 3.5 percent down payment – far below the 20 percent now required by private lenders.

Many borrowers have been able to avoid that minimal level of l investment in their homes. Obama’s administration is enabling these buyers to put up no cash at all allowing them to get advanced payments of the $8,000 homebuyers tax credit through arrangements with nonprofit housing groups and state housing agencies. The tax credit can be used the same way to pay closing costs.

Beyond the loosened standards on down payments, the FHA remains willing to make loans to people with low credit ratings, even those with histories of default, foreclosure or bankruptcy. Those with histories of default are far more likely to default again.

.

The FHA has a program that will help people who missed two or three payments under such duress by using the insurance fund to make those payments for them and then recouping the money when the property is sold – a provision that has been used in about 400,000 cases so far and could help to bring down the foreclosure rates on loans that go into default as a result of the recession. In other words, don’t even pay your mortgage, Obama’s boys will pay it for you! This is deceptive and covering up bad loans.

The agency also is considering tightening standards for borrowers who pose multiple risks, such as those with histories of default. Sure they will, after the FHA is in such trouble that Obama will have to once against use OUR money to bail them out!

Responsible lending would spoil the housing recoverybecause the FHA has effectively replaced subprime lenders who went bust. They’re under pressure by Barack Hussein Obama to prop up housing prices, and are insuring heaps of risky loans.

The FHA’s backers in Congress, led by House Financial Services Committee Chairman Barney Frank, a Massachusetts Democrat Congressman, maintain that high default rates are the price of Congress’ decision to use the FHA to prevent a complete collapse of the housing and mortgage markets in a time of extreme distress. What does he care, not at all just as he didn’t care when Fannie and Freddie went broke!

By keeping affordable loans flowing, particularly to the growing ranks of first-time homebuyers, the FHA has been critical to our nation’s economic and housing market recovery.

But even some liberal housing advocates say the FHA’s spectacular expansion is worrisome.

Given the huge ramp up in its lending in a very short period of time, it seems unlikely that the FHA has been able to adequately scrutinize the loans that it is buying.

While any bailout of FHA likely would be small the crippling of the FHA as a lender would be another blow to the housing market and would be a serious political blow to efforts to ensure access to mortgages for moderate-income families.

RWD

October 19, 2009 Posted by | 2010 elections, 2012 Elections, Blogroll, Congress, corruption, Democrat, economy, House, Liberal Democrat, NOBAMA, Obama, Political, POLITICS, President, Senator, Socialist, stimulus package | , , , , , , , , , , , , | 4 Comments