Update: 67% have unfavorable view of ACORN: Ace in the Hole: Breitbart on ACORN and the media

Update: Rasmussen polled on ACORN and oh boy what results!

Are the public interested, despite the virtual blackout of all coverage on network TV?

Seven-out-of-10 voters (70%) say they are following recent news stories about ACORN at least somewhat closely, with 41% following very closely. Only eight percent (8%) say they aren’t following the news about ACORN at all.

Is the investigation of ACORN a result of ‘racism’, political attacks or ACORN’s illegal activity? Hmmm?

Fifty-seven percent (57%) of all voters also believe that the ongoing criminal investigations of ACORN in several states are primarily the result of illegal behavior on the organization’s part. Twenty percent (20%) say the investigations are politically motivated, and 23% are undecided.

What do people think of ACORN? EVEN Liberals don’t like it!

Only 15% of voters now have even a somewhat favorable opinion of ACORN, while 67% have an unfavorable view of the group. Those figures include only three percent (3%) with a very favorable opinion and 47% with a very unfavorable view.

Eighty-five percent (85%) of Republicans, 73% of voters not affiliated with either major political party, and 44% of Democrats have an unfavorable view of ACORN.

Liberal voters are evenly divided—35% favorable and 38% unfavorable. Eighty-two percent (82%) of conservative voters give ACORN unfavorable marks along with 60% of political moderates.

Should funding be cut off? Oh yeah baby!

Fifty-one percent (51%) of U.S. voters now say Congress should end all federal funding of the controversial community organizing group ACORN.

A new Rasmussen Reports national telephone survey finds that just 17% favor continued taxpayer support of the Association for Community Organizations for Reform Now. Thirty-two percent (32%) are not sure

Go read the whole poll!

Breitbart of BigGovernment.com nails the PseudoElite Intellectual Media’s utter failure and their abandonment of their responsibilities to the people.

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September 18, 2009. Tags: , , , , , . Entertainment, Film, Film Noir, Obama Administration, Politics, Popular Culture. Comments off.

All About FHA: A Bumpy Ride Gets Worse…

Okay so it appears that the FHA has 4.4% reserves ‘insured’ for potential losses, yet 14% of their loans are late. They repeatedly ‘assure’ us they will not require a taxpayer bailout, yet UBS and RealtyTrac project mortgage losses escalating through 2011 and FHA is at last count approx 25% of the mortgage market…D-E-N-I-A-L? Or is there enormous pressure perhaps,  to push back any oncoming bailout until the dopey health care bill gets rammed through?

Diana Olick Realty Check:

Someone get me the smelling salts, because I’m shocked, yes passing out over the latest headline from the FHA: “Officials Anticipate Annual Actuarial Study to Show Capital Reserve Ratio Dropping Below Congressionally-Mandated 2 Percent.”Read news story here.

The writing has been on the wall, in red, for a good long time. Last Tuesday, on this very blog, I wrote: FHA Claims It Won’t Need Bailout.

When I put the question of undercapitalization to FHA officials last week, they sent me this very complicated statement, which you can go back and read, but which starts by saying they would not comment until they receive the actuarial study. Today they say said study is “being completed.”Sept. 30th, I’m told, is the due date.

Last week they told me the same thing they’re saying today, that they are undercapitalized, but still okay.(Except last week they said they hold more than 5 percent of their insurance in force. Today they put that at 4.4 percent.)

“To be clear, the fund’s reserves are sufficient to cover our future losses, so the FHA will not require taxpayer assistance or new Congressional action,” said Commissioner David Stevens in a statement this morning. “That said, given the size and scope of the FHA and its importance to today’s market, these risk management and credit policy changes are important steps in strengthening the FHA fund, by ensuring that lenders have proper and sufficient protection.”

Ok, so why won’t they need a bailout? Next paragraph:

“FHA’s congressionally mandated capital reserve ratio…measures excess reserves above and beyond projected losses over the next 30 years. FHA continues to hold more than $30 billion in its reserves today, or more than 4.4 percent of it insurance in force.”

And the upshot is they will HAVE to tighten standards to avoid the losses (because we are, as Kudlow said just this morning on The Call, repeating the exact steps that led to the housing collapse). That will pressure the housing market recovery (albeit for excellent reasons).

At MiM we always say, take the loss and move forward! The incessant attempts to avoid cyclical recessions always, always leads to a bubble and a BIGGER downturn than we would have if we just let the business and economic cycle naturally ..well cycle!

When this lending standard tightening goes into effect we predict ACORN and Co. will scream until Barney Frank (D-MA) writes more legislation that either turns all the homes into subsidized low income rental housing, or forces more lending below GAAP underwriting standards, reinflating the bubble. And this is without even touching the Team TOTUS plan to remake FANNIE and FREDDIE which they have not yet revealed. So buckle up for a bumpy housing ride!

September 18, 2009. Tags: , , , , , , , , , , , , , , , . Celebrities, Economy, Film, Finance, Foreclosures, Housing, Obama Administration, Politics, Popular Culture, Suspense, Unemployment Statistics, Wall St. 4 comments.

TGIF!! Pirate Style

Tomorrow, Saturday September 19th, is Talk Like a Pirate Day! Get your swashbuckling lingo ready mateys, savvy?

Created by Sumarus

POTC 3 Blooper Reel

Courtesy of prprim

And How POTC 2 Dead Man’s Chest should have ended by HISHEdotcom, after the break:

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September 18, 2009. Tags: , , , , , , , , . Comedy, Entertainment, Fantasy, Film, Music, Popular Culture, Supernatural, Suspense. Comments off.

Supernatural 5.2 Good God Y’all highlights

Courtesy of HollowSoulEater

It was a real tearjerker, see clip 3 after the break, but have tissues 😦 Hey man, he offered to give him the Impala, *sniff sniff*

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September 18, 2009. Tags: , , . Entertainment, Horror, Mystery, Popular Culture, Sci Fi, Supernatural, Suspense, Warner Bros.. Comments off.

Update: Video added: Lyin Eyes, Wilson had it right: TOTUS plans amnesty…

Update: Video added, courtesy of HotAir:

So we have amended the health care bill to verify citizenship and now TOTUS is planning a giant amnesty to cover everyone anyway. Ed at HotAir has the scoop, courtesy of Stephen Dinnan of the Washington Times:

No, they’re not going to beef up enforcement or require identification before receiving subsidies and services.  They’re just going to offer amnesty so that no one’s illegal anymore:

President Obama said this week that his health care plan won’t cover illegal immigrants, but argued that’s all the more reason to legalize them and ensure they eventually do get coverage.

He also staked out a position that anyone in the country legally should be covered – a major break with the 1996 welfare reform bill, which limited most federal public assistance programs only to citizens and longtime immigrants.

One more time he is undoing all the welfare reforms Big Dawg put in:

“Even though I do not believe we can extend coverage to those who are here illegally, I also don’t simply believe we can simply ignore the fact that our immigration system is broken,” Mr. Obama said Wednesday evening in a speech to the Congressional Hispanic Caucus Institute. “That’s why I strongly support making sure folks who are here legally have access to affordable, quality health insurance under this plan, just like everybody else.

Eagles courtesy of Shadowland07

September 18, 2009. Tags: , , , , , . Economy, Healthcare, Immigration, Music, Obama Administration, Politics, Popular Culture. 1 comment.

Update: The Vampire Diaries 1.2 Elena and Stefan; 1.3 Friday Night Bites promo..

Update: CW promo ‘squeamish’

Courtesy of mrduckbears

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September 18, 2009. Tags: , , , , . Entertainment, Fantasy, Fiction, Horror, Popular Culture, Sci Fi, Supernatural, Suspense, Urban Fantasy, Warner Bros.. Comments off.

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