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Page 14 of 38   of  754 replies
BigRightRear
September 23, 2008 at 07:21:11 AM
Joined: 11/27/2004
Posts: 3751
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OBAMA/BIDEN SCREWED!

http://apnews.myway.com/article/20080923/D93CC8A80.html

Poll: Obama struggling to win over Clinton voters

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Sep 23, 6:21 AM (ET)

By ALAN FRAM and TREVOR TOMPSON

Google sponsored links
The Real Barack Obama - The truth behind the canditate - "Barack Obama Exposed" - Free!
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Who Is Winning? - Between Obama & McCain? Polls are updated daily.
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WASHINGTON (AP) - Barack Obama's support from backers of Hillary Rodham Clinton is stuck smack where it was in June, a poll showed Tuesday, a stunning lack of progress that is weakening him with members of the Democratic Party in the close presidential race.

An Associated Press-Yahoo News poll shows that among adults who backed his rival during their bitter primary campaign, 58 percent now support Obama. That is the same percentage who said so in June, when Clinton ended her bid and urged her backers to line up behind the Democratic senator from Illinois.

The poll shows that while Obama has gained ground among Clinton's supporters - 69 percent view him favorably now, up 9 percentage points from June - this has yet to translate into more of their support.

In part, this is because their positive views of Republican presidential nominee John McCain have also improved during this period.

Those supporting McCain have also edged up from 21 percent to 28 percent, with the number of undecided staying constant, the survey showed.

Clinton backers' reluctance to support Obama helps explain why he is having a tougher time solidifying partisan supporters than McCain. Overall, 74 percent of Democrats say they will vote for Obama, compared with 87 percent of Republicans behind the Arizona senator. About nine in 10 Clinton supporters are Democrats.

The problem that supporters of Clinton, the New York senator, have with Obama seems to flow from their measure of him as a candidate, not from issues. From establishing a timeline for a U.S. withdrawal from Iraq to abortion to canceling tax cuts on the rich, their views of the importance of issues are virtually identical to Democrats in general.

Yet they find Obama less likable, honest, experienced and inspiring than Democrats overall do, and have a better view of McCain. And while majorities of Clinton supporters say Obama shares their values and understands ordinary Americans, they're less likely to say so than Democrats overall.

"It's just a gut feeling, my gut tells me he's not it," Leslye Burgess, 53, a federal Treasury Department manager and Democrat from Fairfax, Va., said of Obama. The Clinton supporter added, "I'll have to fight with myself between now and November" about how she'll vote.

The GOP's selection of Sarah Palin as McCain's running mate has had no net impact on Clinton loyalists - a group Republicans were hoping to lure by picking the Alaska governor. Twenty-one percent in the poll said Palin on the ticket makes them likelier to back McCain, 21 percent said it makes them less likely, and 58 percent said it had no impact.

The choice of Joe Biden as Democratic vice presidential candidate makes them a bit likelier to vote for Obama, but seven in 10 said it won't be a factor.

Other September polls have shown Obama making progress in recent weeks with one-time Clinton backers and doing better with them than in the AP-Yahoo News survey. One by the nonpartisan Pew Research Center had Obama with 78 percent of their support and McCain with 18 percent; another by ABC News and The Washington Post showed Obama ahead 72 percent to 23 percent.

Those figures measured Clinton supporters who are registered voters - who in the AP-Yahoo News poll leaned toward Obama over McCain 61 percent to 26 percent. The discrepancies in the polls might come from how they were conducted.

Obama spokesman Bill Burton said Clinton supporters are turning to Obama "in huge numbers" and noted that the AP-Yahoo News data differed from other polls. He said strong feelings by Clinton supporters were understandable considering the length and intensity of the Democratic primaries and said of Clinton, "She's done everything we've asked her to do."

Clinton spokeswoman Kathleen Strand said the New York senator has campaigned in or planned to visit seven tightly contested states. Asked to explain why some of her supporters still oppose Obama, Strand said, "She's going to continue to do whatever she can to convince everyone, no matter who they supported, that Barack Obama must be our president."

The AP-Yahoo News poll has surveyed the same nationally representative group of about 2,000 adults seven times since November, in an effort to understand how individuals are reacting to the presidential race. Nine in 10 Clinton supporters who said in June they were backing Obama were still with him in September, while three-quarters of those with McCain stayed with him.

As during her primary battle against Obama, Clinton supporters are likelier to be female, white and less educated than those who did not back her.

They trust Obama more than McCain on important issues, though not by as much as Democrats overall do. They prefer Obama over McCain on the economy by 30 percentage points, compared with Obama's 50-point edge among all Democrats. They like Obama on Iraq by 17 points, while all Democrats give Obama a 40-point margin.

The starkest contrast comes from comparing Clinton backers still refusing to support Obama with other Democrats.

Just three in 10 Clinton supporters still not backing Obama view him favorably, compared with eight in 10 of all Democrats. While most Democrats and former Clinton supporters strongly prefer Obama over McCain to handle key issues, those Clinton voters still opposing Obama opt for McCain: On the economy by 32 points, and on Iraq by 47 points.

One in four Clinton backers say they've not yet locked into a candidate - and far more of those supporting Obama than McCain say they support their candidate strongly. Many who have already decided to back Obama say the transition wasn't difficult.

Kathy McVeigh, 60, a nurse from Norwalk, Ohio, has moved from Clinton to Obama and said she would tell wavering Clinton voters "to get on the bandwagon because we need change, we better do something in a hurry because we're going down the tubes."

The AP-Yahoo News poll of 1,740 adults was conducted Sept. 5-15 and has an overall margin of sampling error of plus or minus 2.3 percentage points. It included interviews with 502 people who in AP-Yahoo News polls in January and April identified themselves as supporting Clinton in one or both of those months, for whom the margin of sampling error was plus or minus 4.4 points.

The survey was conducted over the Internet by Knowledge Networks, which initially contacted people using traditional telephone polling methods and followed with online interviews. People chosen for the study who had no Internet access were given it for free.

In contrast, the Pew and ABC-Post polls relied on people saying in September whether they supported Clinton earlier this year. Those polls were conducted by telephone; some studies have shown people can be less reluctant to disclose embarrassing behavior - like not supporting their party's presidential nominee - in an online survey than to a live telephone interviewer.

On the other hand, people in the AP-Yahoo News poll who backed Clinton in earlier waves of the survey might not want to appear inconsistent by suddenly backing a candidate - Obama - they opposed earlier.

---


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"I didn't move to PA from El Paso in search of better 
weather." Van May

cubicdollars
September 23, 2008 at 09:22:02 AM
Joined: 02/27/2005
Posts: 4443
Reply

The American people don't have quite the tolerance for idiocy that they had eight years ago...

"You've heard of mental depression; this is a mental recession," he said, noting that growth has held up at about 1 percent despite all the publicity over losing jobs to India, China, illegal immigration, housing and credit problems and record oil prices. "We may have a recession; we haven't had one yet."

"We have sort of become a nation of whiners," he said. "You just hear this constant whining, complaining about a loss of competitiveness, America in decline" - Phil Gramm McCain's chief economic advisor

“Now, as far as putting additional money in American taxpayers’ pocket, that’s fine, because a lot of this is psychological. A lot of it’s psychological. Because I believe the fundamentals of our economy is still strong.” - John McCain

“I don’t believe we’re headed into a recession,” he said, “I believe the fundamentals of this economy are strong and I believe they will remain strong.” - John McCain

“The issue of economics is not something I’ve understood as well as I should.” - John McCain

$10 trillion in debt is idiotic. Not having a balanced budget proposal under such conditions is downright ludicrous.


 

 

 

They don't even know how to spell sprint car much less chromoly...http://www.ycmco.com


BigRightRear
September 23, 2008 at 11:26:48 AM
Joined: 11/27/2004
Posts: 3751
Reply
This message was edited on September 23, 2008 at 11:27:51 AM by BigRightRear

Obama Camp in CHOAS!

BAMA SCOLDS BIDEN ON AIG FLIP-FLOP: 'JOE SHOULD HAVE WAITED'...


BIDEN: OBAMA AD MOCKING MCCAIN 'TERRIBLE'
Uncharacteristically low turnout for Obama rally in Green Bay...
269-269 tie: An electoral college 'doomsday'?
THE MELTDOWN CONTINUES

Lincoln 1845 ft/.35 mile T1=118MPH 
Eldora 2287 ft/.43mile T3=135MPH
Port 2716 ft/.51 mile T3=TBD
Grove 2792 ft/.53 mile T3=135MPH
Selinsgrove 2847 ft/.54 mile T1=136MPH
"I didn't move to PA from El Paso in search of better 
weather." Van May


singlefile
September 23, 2008 at 12:17:50 PM
Joined: 04/24/2005
Posts: 1357
Reply
This message was edited on September 23, 2008 at 12:18:44 PM by singlefile

I have noticed that almost no one even contrinutes an actual opinion in this thread anymore. The whole thread has become an exercise in searching Google, then pasting an appropriate article that supports the poster's particular agenda.



BigRightRear
September 23, 2008 at 01:27:09 PM
Joined: 11/27/2004
Posts: 3751
Reply
This message was edited on September 23, 2008 at 01:28:05 PM by BigRightRear

CORRECT - ONLY AN IDIOT WOULD STILL BE ON THE FENCE THIS LATE IN THE GAME!

the stinking Democrats have been going at for 24 months already!

Check out these Biden gaffes!

Biden: 'When the stock market crashed, Franklin Roosevelt got on the television'...

'No coal plants here in America'...

Obama needs to tell his wife to get in the back seat and BOOT BIDEN NOW...don't wait until he blows the VP debate because then it will be TOO LATE!


Lincoln 1845 ft/.35 mile T1=118MPH 
Eldora 2287 ft/.43mile T3=135MPH
Port 2716 ft/.51 mile T3=TBD
Grove 2792 ft/.53 mile T3=135MPH
Selinsgrove 2847 ft/.54 mile T1=136MPH
"I didn't move to PA from El Paso in search of better 
weather." Van May

nodust
MyWebsite
September 23, 2008 at 01:33:16 PM
Joined: 11/26/2004
Posts: 3334
Reply
Reply to:
Posted By: BigRightRear on September 23 2008 at 01:27:09 PM

CORRECT - ONLY AN IDIOT WOULD STILL BE ON THE FENCE THIS LATE IN THE GAME!

the stinking Democrats have been going at for 24 months already!

Check out these Biden gaffes!

Biden: 'When the stock market crashed, Franklin Roosevelt got on the television'...

'No coal plants here in America'...

Obama needs to tell his wife to get in the back seat and BOOT BIDEN NOW...don't wait until he blows the VP debate because then it will be TOO LATE!



I would give a hundred bucks to see FDR on TV.

 

2 more weeks until Biden has a health issue and will have to step down, opening the door for Billary.


Save your butt, get a colon screening TODAY

For complete line of Sponsor Awards check out 
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Duane Davis

Laser Engraving 
641-751-7777
101 N Center
Marshalltown, Iowa 


BigRightRear
September 23, 2008 at 03:35:11 PM
Joined: 11/27/2004
Posts: 3751
Reply

Obama rally turnout withers on the vine in upper midwest!

http://www.suntimes.com/news/politics/obama/1178184,obamarally092208.article

Uncharacteristically low turnout for Barack Obama rally in Green Bay, Wisc.

McCain/Palin drew 4,000 more supporters at same venue a week ago


Lincoln 1845 ft/.35 mile T1=118MPH 
Eldora 2287 ft/.43mile T3=135MPH
Port 2716 ft/.51 mile T3=TBD
Grove 2792 ft/.53 mile T3=135MPH
Selinsgrove 2847 ft/.54 mile T1=136MPH
"I didn't move to PA from El Paso in search of better 
weather." Van May

nodust
MyWebsite
September 23, 2008 at 05:01:10 PM
Joined: 11/26/2004
Posts: 3334
Reply

It's time to throw my hat in the ring as regards predicting the election results. So here it is: Barack Obama will be defeated. Seriously and convincingly defeated. Not due to racism, not due to the forces of reaction, not even due to Karl Rove sending out mind rays over the national cable system. He will lose for one reason above all, one that has been overlooked in any analysis that I've yet seen. Barack Obama will lose because he is a flake I'm using the term in its generally accepted sense. A flake is not only a screwup, but someone who truly excels in making bizarre errors and creating incredibly convoluted disasters. A flake is a 'fool with energy', as the Russian proverb puts it. ('A fool is a terrible thing to have around, but a fool with energy is a nightmare'.)

Barack Obama is a flake, and the American people have begun to see it. The chief characteristic of a flake is that he makes choices that are impossible to either understand or explain. These are not the errors of the poor dope who can't grasp the essentials of a situation, or the neurotic who ruins things out of compulsion, or the man suffering chronic bad luck.

The flake has a genius for discovering solutions at perfect right angles to the ordinary world. It's as if he's the product of a totally different evolutionary chain, in a universe where the laws are slightly but distinctly at variance to ours. When given a choice between left and right, the flake goes up -- if not through the 8th dimension. And although there's plenty of rationalization, there's never a logical reason for any of it. After awhile, people stop asking.

Obama's rise has been widely portrayed as a kind of millennial Horatio Alger story -- young lad from a new state on the outskirts of the American policy, a member of once-despised minority, works his way by slow degrees to within arm's length of the presidency itself. That's all well and good -- we need national myths of exactly that type.

But what has been overlooked is the string of faux pas marking each step of Obama's journey, a series of strange, inexplicable actions, actions bizarre enough to require some effort at explanation, through such efforts have rarely been offered. It's as if the new Horatio made it to the top by stepping into every last manhole and open trapdoor in his path. And we, the onlookers, the voters who are being asked to put this man in the White House, are supposed to take this as the normal career path for a successful chief executive.

What are these incidents? I'm sure many of you are way ahead of me, but let's go to the videotape.

Here's a young man who graduated from Columbia with high marks, with a choice of positions anywhere in the country. He comes from a state generally held to be a close match to Paradise. One, furthermore, that can be characterized as the most successful multi racial society in the world, with harmonious relations not only between whites and blacks, but also Japanese-Americans and native Hawaiians as well. To top it off, a state controlled in large part by a smoothly-functioning Democratic machine. So where does he choose to go?

To Chicago. One of the windiest, coldest, most brutal cities in the country. One that is also infinitely corrupt in a sense that Hawaii is not. One that remains one of the most racist large cities in the U.S. (Cicero, Al Capone's old stomping grounds, a suburb that is effectively part of the city, is completely segregated to this day.) It would be nice to learn which of these aspects most attracted young Obama to the city. But if you'd asked at the beginning of the campaign, you'd still be waiting.

And what does he do when he reaches the city? Why, he joins a cult. Jeremiah Wright's Trinity United Church has been turned inside out since the videotaped sermons appeared early this year, without anyone ever quite explaining exactly what Obama was thinking of when he joined up in the first place. Street credo, so it's claimed. But there are a plethora of black churches that would have provided him that without the taint of demented racism that Wright's church offered.

Obama apparently had to swear an oath of belief in 'black liberation theology' when he joined the church. (It is the little touches of that sort that make it a 'cult', and not simply a 'church'.) Did the thought of his career ever cross his mind? Didn't he realize that church would inevitably cause him trouble somewhere down the line? That he'd be required to repudiate it and its ideas eventually? We can ask -- but we won't get an answer.

Back at school, Obama got himself named editor of the Harvard Law Review. This is a signal achievement, no question about it. The kind of thing that would be mentioned about a person for the rest of his life, as has been the case with Obama. But then... he writes nothing for the journal.

Now, let's get this straight: here we have one of the leading university law journals in the country, one widely cited and read. Entire careers in legal analysis and scholarship have been founded on appearances in the Review, including some that have led to the highest courts in the country. Yet here's an individual who, as editor, could easily place his own work in the journal -- standard practice, nothing at all wrong with it. But he fails to do so. And the explanation? There's none that I've heard. We can go even farther than that, to say that there is no explanation that makes the least rational sense.

We follow Obama down to Springfield, where as a state legislator, he voted 'present' over 120 times. What this means, as far as I've been able to discover, is that he voted 'present' nearly as much as he voted 'yes' or 'no'.

Now, statehouses work very simply: a member approaches his colleagues and asks them them to vote for his bill. Some comply, some do not. Some ask, 'Is it a good bill?' and some don't. Either way, they customarily, except in unusual al circumstances, vote 'yes' or 'no'. All except for Barack Obama. And how did get away with it? How did mollify his colleagues? How did he square himself with the party bosses? Echo answereth not.

(A good slogan could be made of this: 'You can't vote present in the Oval Office.' I hereby commend it to the McCain campaign.)

We turn eagerly to learn what his term in the U.S. Senate will reveal, only to be disappointed. But it's not surprising, really. After all, he was only there for 143 days.

And there lies one of the keys to Obama's rise. David Brooks pointed out in a recent New York Times column that Obama spent too little time in any of his positions to make an impact one way or another. This is what saved him from the normal fate of the flake: he was never around long enough for his errors and strange behavior to catch up with him.

But a presidential campaign is a different matter. A man running for president is under the microscope, and can't duck anything, as many a candidate has had reason to learn. If Obama is a flake in the classic mode, now is when it would come out. And has it?

The case could be made. Here we have a campaign with everything going for it -- the opposition party in a shambles, a seriously undervalued president, the media in the candidate's pocket, the candidate himself being worshiped as nothing less than the new messiah. And yet the results have comprised little more than one fumble after another.

First came the Wright affair. Obama apparently thought he was above it all -- a not-uncommon phenomenon with flakes -- and allowed the revelations to take on a life of their own before bothering to respond. Even then, his thoughtful and convincing explanation (that he hadn't been listening for twenty years) did little to settle the crisis, which instead guttered out on its own after nearly crippling his campaign. Even months afterward it threatens to pop back up at any time. The latest word is that Wright -- now a deadly enemy of his onetime protégé -- has written a book. I can't wait.

Obama learned his lesson, and confronted the next threat immediately, tackling The New Yorker cover with the avidity of a man having discovered zombies in the basement. A development that could have been defused with a chuckle and a quip (the customary method is for the politician to ask the cartoonist for the original) was allowed to explode into a major issue. The campaign's relentless attacks on one of the oldest liberal magazines extant merely perplexed the country at large. After all, any Republican has had to endure far worse.

Almost simultaneously, the birth certificate saga was unfolding. On no reasonable grounds, the campaign blew off requests for a copy of the document, at last releasing it through one of the least reputable sites on the Internet, and so badly copied that literally anything could be read into it -- and was. I'm not one of those who believes that Obama was actually born in Indonesia/Kenya/Moscow/the moon, but I still have plenty in the way of questions, almost all of them arising from how the matter was handled. Well played.

The latest pothole (or one of them, anyway) involves Jerome Corsi's 'The Obama Nation'. Corsi has been given the full New Yorker treatment, with the campaign hoping to avoid John Kerry's 'error' in not challenging Corsi's 2004 book, Unfit for Command. What Obama missed was the fact that Kerry's major problem was not with Corsi but with the Swift Boat Veterans for Truth, who were disgusted with Kerry's hypocrisy in running as an experienced military veteran, and set out to take him down. Corsi's effort dovetailed with the veteran's campaign and to a large extent was swept up with it. No such campaign is in operation against Obama. The smart method of answering Corsi would have been to allow the media to handle it, instead of drawing attention to the book and raising it to level of an issue. This appears to be a real talent for the Obama campaign.

We could go on. The victory tour of Europe, and the speech in which Obama declared himself 'citizen of the world', a trope guaranteed to focus the attention of Middle America. His inept handling of Hillary, in which he wound up appearing frightened of the opponent he'd just beaten. Allowing Hillary (and her husband there, what's-his-name) a starring role in the Democratic convention is not a solution any sane individual would be comfortable with -- much less a roll-call vote. This threatens the near-certainty of turning the entire affair into BillandHillarycon, with the nominee winding up as a footnote. But it's all of a piece with the campaign Obama has waged up until now.

We've never had a flake as president. We've had drunks, neurotics, cripples, louts, and fools, but never a career screwup. (I except Jimmy Carter, whose errors arose from sincere, misguided goodwill.) And I don't think we're going to get one now. Another three months of flailing, incompetence, and a collapsing image will do little to assure voters concerned with terrorism, the oil crunch, a gyrating economy, and a bellicose Russia. (Anyone doubting that Obama will go exactly this route can consider the Saddleback church fiasco, which unfolded as this piece was being wrapped up. Evidently, the campaign goaded NBC news personality Andrea Mitchell into all but accusing John McCain of 'cheating' by failing to take his place within the 'cone of silence' during Obama's part of the program. The grotesque element here is that Obama's people and much of the liberal commentariat -- including Mitchell -- apparently believe that the 'cone of silence', a gag prop for the old Get Smart! comedy series, actually exists and was in use at Saddleback.)
Many of us have dealt with flakes at one time or another, often in settings involving jobs and careers, and not uncommonly in positions of some authority. We all know of the nephew, the fiancé, the boyfriend, whose whims must be catered to, whose reputation must be protected, who must be constantly worked around if anything at all is to be accomplished, always at the cost of time, money, efficiency, and personal stress.

In the fullness of time, we will inevitably see such a figure in the White House. But not this year, and not this candidate. Such acts of national flakery occur only when there's no real alternative. In this election, an alternative exists. Whatever his shortcomings, nobody ever called John McCain a flake.

Save your butt, get a colon screening TODAY

For complete line of Sponsor Awards check out 
MarshallTownLaser.com

Duane Davis

Laser Engraving 
641-751-7777
101 N Center
Marshalltown, Iowa 

cubicdollars
September 23, 2008 at 06:17:40 PM
Joined: 02/27/2005
Posts: 4443
Reply

JFK: Inspirational speaker, Roman Catholic, graduated cum laude from Harvard with a degree in International Affairs, PT Boat Captain WWII, father financed him with fortune made by illegally selling alcohol during the prohibition, prolific womanizer. 

Ronald Reagan: Lasting conservative influence, Presbyterian, self-made, parlayed acting career into politics. 

Bill Clinton: Inspirational speaker, unscrupulous politician's politician, balanced the budget, Southern Baptist, Rhodes Scholar Oxford, Yale Law, self-made, prolific womanizer 

George W. Bush: Prep school primary education, United Methodist, Bachelor’s Degree in History from Yale, father made him, unbalanced the budget. 

John McCain: 20+ years US Senate, willing to buck own party, Southern Baptist, both Father and Grandfather four-star Admirals in Navy, prep school primary education and Annapolis Naval Academy, fighter pilot POW in Vietnam for 6 years, divorced wife and married daughter of Budweiser distributorship, new wife financed run for Senate, threatens to unbalance the budget even more. 

Barack Obama: Inspirational speaker like JFK, United Church of Christ, graduated magna cum laude from Harvard with a law degree, self-made, giving up 10% of vote because he's black and has a Muslim name and still leads the polls.  


 

 

 

They don't even know how to spell sprint car much less chromoly...http://www.ycmco.com



Hawker
MyWebsite
September 23, 2008 at 07:40:03 PM
Joined: 11/23/2004
Posts: 2825
Reply

Uh oh...

http://www.electoral-vote.com/

http://www.fivethirtyeight.com/

http://www.realclearpolitics.com/epolls/2008/president/us/general_election_mccain_vs_obama-225.html#polls

And for the Republicans who are sure that McCain will win. Put your money where your mouth is.

http://www.intrade.com/

 


Member of this message board since 1997

same
September 23, 2008 at 09:45:34 PM
Joined: 03/14/2005
Posts: 170
Reply

you guys seem pretty good at finding stuff, look at what banks are getting bailed out, look at who owns large amounts of their stock, then look at who the banks in question donated to. looks like to me the kick backs are getting kicked back at the tax payers expence. any of you even know who paulin worked for befor he was appointed the head this mess? fox restocking the hen house he just raided.



Hawker
MyWebsite
September 23, 2008 at 09:52:28 PM
Joined: 11/23/2004
Posts: 2825
Reply
The road to nowhere, that goes to the bridge to nowhere...

Member of this message board since 1997


Hawker
MyWebsite
September 23, 2008 at 10:31:48 PM
Joined: 11/23/2004
Posts: 2825
Reply
McCain the liar...

Member of this message board since 1997

Hawker
MyWebsite
September 23, 2008 at 10:34:30 PM
Joined: 11/23/2004
Posts: 2825
Reply
Oops...

Member of this message board since 1997

BigRightRear
September 24, 2008 at 07:22:23 AM
Joined: 11/27/2004
Posts: 3751
Reply

bad news for Obama CRONIES / Chris Dodd / Barney Frank / John F-ing Kerry as the FEDs STEP IN TO CRACK DOWN ON THE THIEVES WHO VIOLATED THE PEOPLES TRUST!

http://apnews.myway.com/article/20080924/D93CP7MG0.html

 

FBI investigating companies at heart of meltdown

Email this Story

Sep 23, 9:08 PM (ET)

By LARA JAKES JORDAN

(AP) Federal Reserve Chairman Ben Bernanke, right, accompanied by Treasury Secretary Henry Paulson,...
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WASHINGTON (AP) - The FBI is investigating four major U.S. financial institutions whose collapse helped trigger a $700 billion bailout plan by the Bush administration, The Associated Press has learned.

Two law enforcement officials said Tuesday the FBI is looking at potential fraud by mortgage finance giants Fannie Mae (FNM) and Freddie Mac (FRE), and insurer American International Group Inc. (AIG) Additionally, a senior law enforcement official said Lehman Brothers Holdings Inc. (LEH) also is under investigation.

The inquiries will focus on the financial institutions and the individuals that ran them, the senior law enforcement official said.

The law enforcement officials spoke on condition of anonymity because the investigations are ongoing and are in the very early stages.

Officials said the new inquiries bring to 26 the number of corporate lenders under investigation over the past year.

Spokesmen for AIG, Fannie Mae and Freddie Mac did not immediately return calls for comment Tuesday evening. A Lehman spokesman did not have an immediate comment.

Just last week, FBI Director Robert Mueller put the number of large financial firms under investigation at 24. He did not name any of the companies under investigation but said the FBI also was looking at whether any of them have misrepresented their assets.

Over the past year as the housing market cratered, the FBI has opened a wide-ranging probe of companies across the financial services industry, from mortgage lenders to investment banks that bundle home loans into securities sold to investors. Mueller has previously said the FBI's hunt for culprits in the nation's subprime mortgage crisis focused on accounting fraud, insider trading, and failure to disclose the value of mortgage-related securities and other investments.

The investigations revealed Tuesday come as lawmakers began considering whether to approve emergency legislation that would give the government broad power to buy up devalued assets from troubled financial firms.

The bailout proposed by the Bush administration is aimed at helping unlock credit and stabilize badly shaken markets in the United States and around the globe.

In the past two weeks, the government has taken over Fannie Mae and Freddie Mac, the country's two biggest mortgage companies, with a bailout plan that could require the Treasury Department to put up as much as $100 billion for each of them over time if needed to keep them afloat as mortgage losses mount.

Last week, the Federal Reserve provided an emergency $85 billion loan to AIG, which teetered on the brink of bankruptcy. Lehman Brothers was forced to file for bankruptcy after attempts to engineer a private rescue fell apart. All the companies were laid low from bad bets on complex mortgage-related securities.

Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben Bernanke made the joint decision last week that the only way to stop the carnage was to deal with the root cause of all the troubles, billions of dollars of bad mortgage debt sitting on the books of major financial companies. This debt has triggered the worst credit crisis in decades, causing credit markets to essentially freeze up despite the fact that the Fed joined with major central banks around the world to pump billions of dollars of reserves into the financial system.

Additionally, the FBI is investigating failed bank IndyMac Bancorp Inc. for possible fraud. Countrywide Financial Corp., formerly the nation's largest mortgage lender and now owned by Bank of America Corp. (BAC), is also under scrutiny.


Lincoln 1845 ft/.35 mile T1=118MPH 
Eldora 2287 ft/.43mile T3=135MPH
Port 2716 ft/.51 mile T3=TBD
Grove 2792 ft/.53 mile T3=135MPH
Selinsgrove 2847 ft/.54 mile T1=136MPH
"I didn't move to PA from El Paso in search of better 
weather." Van May


cubicdollars
September 24, 2008 at 09:19:08 AM
Joined: 02/27/2005
Posts: 4443
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Newsweek

Freddie’s Friend

Freddie Mac continued checks to McCain campaign chief's firm.

Michael Isikoff
Newsweek
Sep 23, 2008

Since 2006, the federally sponsored mortgage giant Freddie Mac has paid at least $345,000 to the lobbying and consulting firm of John McCain's campaign manager Rick Davis, according to two sources familiar with the arrangement.

Freddie Mac had previously paid an advocacy group run by Davis, called the Homeownership Alliance, $30,000 a month until the end of 2005, when that group was dissolved. That relationship was the subject of a New York Times story Monday, which drew angry denunciations from the McCain campaign. McCain and his aides have vehemently objected to suggestions that Davis has ties to Freddie Mac—an especially sensitive issue given that the Republican presidential candidate has blamed "the lobbyists, politicians and bureaucrats" for the mortgage crisis that recently prompted the Bush administration to take over both Freddie Mac and its companion, Fannie Mae, and put them under federal conservatorship.

But neither the Times story—nor the McCain campaign—revealed that Davis's lobbying firm, Davis Manafort, based in Washington, D.C., continued to receive $15,000 a month from Freddie Mac until last month—long after the Homeownership Alliance had been terminated. The two sources, who requested anonymity discussing sensitive information, told NEWSWEEK that Davis himself approached Freddie Mac in 2006 and asked for a new consulting arrangement that would allow his firm to continue to be paid. The arrangement was approved by Hollis McLoughlin, Freddie Mac's senior vice president for external relations, because "he [Davis] was John McCain's campaign manager and it was felt you couldn't say no," said one of the sources. [McLoughlin did not return phone calls].

http://www.newsweek.com/id/160561

 


 

 

 

They don't even know how to spell sprint car much less chromoly...http://www.ycmco.com


cubicdollars
September 24, 2008 at 09:23:15 AM
Joined: 02/27/2005
Posts: 4443
Reply
This message was edited on September 24, 2008 at 09:28:41 AM by cubicdollars

http://www.barackobama.com/issues/ethics/

The Problem

  • Lobbyists Write National Policies: For example, Vice President Dick Cheney's Energy Task Force of oil and gas lobbyists met secretly to develop national energy policy.
  • Secrecy Dominates Government Actions: The Bush administration has ignored public disclosure rules and has invoked a legal tool known as the "state secrets" privilege more than any other previous administration to get cases thrown out of civil court.
  • Wasteful Spending is Out of Control: The current administration has abused its power by handing out contracts without competition to its politically connected friends and supporters. These abuses cost taxpayers billions of dollars each year.

Barack Obama and Joe Biden's Plan

Shine the Light on Washington Lobbying

  • Centralize Ethics and Lobbying Information for Voters: Obama and Biden will create a centralized Internet database of lobbying reports, ethics records, and campaign finance filings in a searchable, sortable and downloadable format.
  • Require Independent Monitoring of Lobbying Laws and Ethics Rules: Obama and Biden will use the power of the presidency to fight for an independent watchdog agency to oversee the investigation of congressional ethics violations so that the public can be assured that ethics complaints will be investigated.

Shine the Light on Federal Contracts, Tax Breaks and Earmarks

  • Create a Public “Contracts and Influence” Database: As president, Obama will create a "contracts and influence" database that will disclose how much federal contractors spend on lobbying, and what contracts they are getting and how well they complete them.
  • Expose Special Interest Tax Breaks to Public Scrutiny: Barack Obama and Joe Biden will ensure that any tax breaks for corporate recipients — or tax earmarks — are also publicly available on the Internet in an easily searchable format.
  • End Abuse of No-Bid Contracts: Barack Obama and Joe Biden will end abuse of no-bid contracts by requiring that nearly all contract orders over $25,000 be competitively awarded.
  • Sunlight Before Signing: Too often bills are rushed through Congress and to the president before the public has the opportunity to review them. As president, Obama will not sign any non-emergency bill without giving the American public an opportunity to review and comment on the White House website for five days.
  • Shine Light on Earmarks and Pork Barrel Spending: Obama's Transparency and Integrity in Earmarks Act will shed light on all earmarks by disclosing the name of the legislator who asked for each earmark, along with a written justification, 72 hours before they can be approved by the full Senate.

Bring Americans Back into their Government

  • Hold 21st Century Fireside Chats: Obama will bring democracy and policy directly to the people by requiring his Cabinet officials to have periodic national broadband townhall meetings to discuss issues before their agencies.
  • Make White House Communications Public: Obama will amend executive orders to ensure that communications about regulatory policymaking between persons outside government and all White House staff are disclosed to the public.
  • Conduct Regulatory Agency Business in Public: Obama will require his appointees who lead the executive branch departments and rulemaking agencies to conduct the significant business of the agency in public, so that any citizen can see in person or watch on the Internet these debates.
  • Release Presidential Records: Obama and Biden will nullify the Bush attempts to make the timely release of presidential records more difficult.

Free the Executive Branch from Special Interest Influence

  • Close the Revolving Door on Former and Future Employers: No political appointees in an Obama-Biden administration will be permitted to work on regulations or contracts directly and substantially related to their prior employer for two years. And no political appointee will be able to lobby the executive branch after leaving government service during the remainder of the administration.
  • Free Career Officials from the Influence of Politics: Obama will issue an executive order asking all new hires at the agencies to sign a form affirming that no political appointee offered them the job solely on the basis of political affiliation or contribution.
  • Reform the Political Appointee Process: FEMA Director Michael Brown was not qualified to head the agency, and the result was a disaster for the people of the Gulf Coast. But in an Obama-Biden administration, every official will have to rise to the standard of proven excellence in the agency's mission.

Barack Obama's Record:

  • Federal Ethics Reform: Obama and Senator Feingold (D-WI) took on both parties and proposed ethics legislation that was described as the "gold standard" for reform. It was because of their leadership that ending subsidized corporate jet travel, mandating disclosure of lobbyists' bundling of contributions, and enacting strong new restrictions of lobbyist-sponsored trips became part of the final ethics bill that was signed into law. The Washington Post wrote in an editorial, "The final package is the strongest ethics legislation to emerge from Congress yet."
  • Google for Government: Americans have the right to know how their tax dollars are spent, but that information has been hidden from public view for too long. That's why Barack Obama and Senator Tom Coburn (R-OK) passed a law to create a Google-like search engine to allow regular people to approximately track federal grants, contracts, earmarks, and loans online. The Chicago Sun-Times wrote, "It would enable the public to see where federal money goes and how it is spent. It's a brilliant idea."
  • Illinois Reform: In 1998, Obama joined forces with former U.S. Sen. Paul Simon (D-IL) to pass the toughest campaign finance law in Illinois history. The legislation banned the personal use of campaign money by Illinois legislators and banned most gifts from lobbyists. Before the law was passed, one organization ranked Illinois worst among 50 states for its campaign finance regulations.
  • A High Standard: Unlike other candidates Obama's campaign refuses to accept contributions from Washington lobbyists and political action committees.

 

 

 

They don't even know how to spell sprint car much less chromoly...http://www.ycmco.com


BigRightRear
September 24, 2008 at 10:03:11 AM
Joined: 11/27/2004
Posts: 3751
Reply

btw: Obama himself took the money - not someone down the hall and to the left!

Obama took $105,849 from FANNIE MAE/FREDDIE MAC...

 

JUST IN - democrats collapse on drilling issue!

http://apnews.myway.com/article/20080924/D93D1A5G1.html

Democrats to let offshore drilling ban expire

Email this Story

Sep 24, 6:19 AM (ET)

By ANDREW TAYLOR

(AP) House Speaker Nancy Pelosi, with Rep. Barney Frank, D-Mass., speaks to the media on Capitol Hill in...
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WASHINGTON (AP) - Democrats have decided to allow a quarter-century ban on drilling for oil off the Atlantic and Pacific coasts to expire next week, conceding defeat in a months-long battle with the White House and Republicans set off by $4 a gallon gasoline prices this summer.

House Appropriations Committee Chairman David Obey, D-Wis., told reporters Tuesday that a provision continuing the moratorium will be dropped this year from a stopgap spending bill to keep the government running after Congress recesses for the election.

Republicans have made lifting the ban a key campaign issue after gasoline prices spiked this summer and public opinion turned in favor of more drilling. President Bush lifted an executive ban on offshore drilling in July.

"If true, this capitulation by Democrats following months of Republican pressure is a big victory for Americans struggling with record gasoline prices," said House GOP leader John Boehner of Ohio.

Democrats had clung to the hope of only a partial repeal of the drilling moratorium, but the White House had promised a veto, Obey said.

The House is expected to act on the spending bill Wednesday. The Senate is likely to go along with the House.

"The White House has made it clear they will not accept anything with a drilling moratorium, and Democrats know we cannot afford to shut down the government over this," said Jim Manley, a spokesman for Senate Majority Leader Harry Reid. "We look forward to working with the next president to hammer out a final resolution of this issue."

While the House would lift the long-standing drilling moratoriums for both the Atlantic and Pacific coasts, a drilling ban in waters within 125 miles of Florida's western coast would remain in force under a law passed by Congress in 2006 that opened some new areas of the east-central Gulf to drilling.

Just last week, the House passed legislation to open waters off the Atlantic and Pacific coasts to oil and gas drilling but only 50 or more miles out to sea and only if a state agrees to energy development off its shore. It quickly became clear that measure would not get the 60 votes needed in the Senate.

Republicans called that effort a sham that would have left almost 90 percent of offshore reserves effectively off-limits.

The Interior Department estimates there are 18 billion barrels of recoverable oil beneath the Outer Continental Shelf, about half of it off California.

While the ban on energy development will be lifted if the Senate goes along with the House action, it doesn't mean any federal sale of oil and gas leases in the offshore waters - much less actual drilling - would be imminent.

The Interior Department's current five-year leasing plan includes potential leases off the Virginia coast but probably would not be pursued unless the state agrees to energy development. And the state is unlikely to do so without Congress agreeing to share federal royalties with the state.

The congressional battle over offshore drilling is far from over. Democrats are expected to press for broader energy legislation, probably next year, that would put limits on any drilling off most of the Atlantic and Pacific coasts. Republicans, meanwhile, are likely to fight any resumption of the drilling bans that have been in place since 1981.

John McCain, the Republican presidential nominee, has promised to make offshore oil drilling a priority if elected president. He has called for developing the oil and gas resources along all of Outer Continental Shelf and for the federal government to share royalties with states who go along with drilling.

Democratic presidential rival Barack Obama has said he would support limited drilling in certain areas - possibly the South Atlantic region - if it is part of a broader energy plan to shift the U.S. away from oil to alternative fuels and more energy efficiency.

The debate over offshore drilling is not expected to subside in the first months of the next presidency - no matter who sits in the White House.

Lifting the drilling ban gives considerable momentum to the underlying bill, which includes the Pentagon budget, $24 billion in aid for flood and hurricane victims and $25 billion in loans for Detroit automakers in addition to keeping the government open past the Oct. 1 start of the 2009 budget year.

But Democrats decided not to use the must-pass measure as a battering ram to carry an extension of unemployment benefits for the long-term jobless past White House veto promises, prompting grumbling among some lawmakers. Efforts to boost food stamps and give states billions of dollars to help with Medicaid bills also fell through.

But the measure would double, to $5.2 billion, funding for heating subsidies for the poor, Obey said.

The measure also would provide more than $600 billion to fund the 2009 budgets for the Pentagon, Homeland Security Department and the Veterans Affairs Department. Nine other spending bills for the 2009 budget year starting Oct. 1 remain unfinished.

Bush had threatened to veto bills that don't cut the number and cost of pet projects known as "earmarks" sought by lawmakers in half from current levels or cause agency operating budgets, taken together, to exceed his request. Obey said, however, the White House would reluctantly sign the measure.

---

 


Lincoln 1845 ft/.35 mile T1=118MPH 
Eldora 2287 ft/.43mile T3=135MPH
Port 2716 ft/.51 mile T3=TBD
Grove 2792 ft/.53 mile T3=135MPH
Selinsgrove 2847 ft/.54 mile T1=136MPH
"I didn't move to PA from El Paso in search of better 
weather." Van May


cubicdollars
September 24, 2008 at 03:25:08 PM
Joined: 02/27/2005
Posts: 4443
Reply

When you're financially irresponsible... i.e. the hypocritically "conservative" GOP who has doubled the deficit over the past eight years, we all end up paying. Printing money out of thin air makes the dollar worth less which has helped drive up the cost of everything especially oil. The Bush administration has tried to fudge inflation numbers the past eight years so raises can't coincide, but only a fool believes that inflation has only been 3% a year... It's been more like 10% the past couple. They ran the country into the ground with their "trickle down" bullshit. And now they want each tax payer to pay $7000 more to bail out Wall St? It's bad enough the rest of us have to pay twice their tax rate. Screw 'em all. A vote for McCain, means a vote for more of the same.


 

 

 

They don't even know how to spell sprint car much less chromoly...http://www.ycmco.com


same
September 24, 2008 at 04:10:28 PM
Joined: 03/14/2005
Posts: 170
Reply

now i'm confused. i just watched obama and he said he didn't have the time to go to washington and try and fix this mess when he has a debate to go to. maybe he doesn't know what to do if he did go there?, not that the rest of them do. notice how this has gotten both off the hook when it comes down to health care, education, tax breaks and whatever else they promise and we never recieve. they really don't have the heart to tell you straight up that the tax payer is screwed because we are trillions in debt, gonna give away another trillion to some fat cats that have been feeding off of us for years. there is no possible way our taxes can stay anywhere near what they are now just to pay this, let alone have better health care or any other new program.





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