WH ‘Jobs Forum’ to feature ‘Green’ jobs sector leaders and labor, shockah!

Oh good gawd. Just CUT PAYROLL TAXES!! Just STOP THE HEALTH CARE BILL and Green regulations and taxing like crazy and small business will hire!

What will they do now, force Disney to paint their roofs white? Notice labor and green jobs are the focus here. And like 3 small business owners for good optics. Plus a bunch of academics, all of whom loved Obama in our primaries, like Stiglitz. Lord Help Us.

Politico:

WHITE HOUSE ANNOUNCES JOBS FORUM HEADLINERS — An aide says Thursday’s forum “will have approximately 130 attendees for the jobs forum including small business owners, experts from green jobs sector, business leaders, academics, mayors and representatives from nonprofits.”

CONFIRMED ATTENDEES INCLUDE: Eric Schmidt, Google (MiM here-GOOG-the company has a 30% profit margin and uses more carbon than anyone else on the list but he is Obama’s buddy so there ya go); Randall Stevenson, AT&T; Surya Mohapatra, Qwest ; Frederick Smith, Fed Ex; Brian Roberts, Comcast; Bob Iger, Disney; James McNerney, Boeing; Andrew Livens, Dow; Peter Solmssen, Siemens; Stephanie Burns, Dow Corning;

Phaedra Ellis Lamkins, Green for All; Reed Hundt, Coalition for the Green Bank; Larry Mishel, EPI; Alan Blinder, Princeton; Paul Krugman, Princeton; Joe Stiglitz, Columbia; Bob Greenstein, Center on Budget and Policy Priorities; and Jeffrey Sachs, Columbia.

PLUS SMALL BUSINESS OWNERS, including David Ickert, Air Tractor; Woody Hall, Diversapack; and Rose Wang, Binary Group.

AND Anna Burger, Change to Win; Leo Gerard, United Steel Workers; Joe Hansen, United Food and Commercial Workers; Randi Weingarten, AFT; Mayor Frank Cownie, Des Moines; Mayor Julian Castro, San Antonio; and Mayor Ed Pawlowski, Allentown, Pa.

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November 30, 2009. Tags: , , , , , , , , , , , , , , . Economy, Finance, Labor Department, Obama Administration, Politics, Taxes, Unemployment Statistics, Wall St. 1 comment.

Treasury unveils new Making Home Affordable ‘servicer schedule’…

Update 2: Details released, an epic fail IMO. It could not be more clear they are tinkering to try to make the December modifications data release look better. Obama was to the right of McCain on housing and his team’s total failure to get the job done reflects that.  (a la HOLC, which would have been far cheaper and less ‘interventionary’ if you will).

Diana Olick has the scoop:

The new effort, called a “Modification Conversion Drive,” is a nationwide campaign to “help borrowers who are currently in the trial phase of their modified mortgages convert to permanent modifications,” the Treasury said.Treasury officials said of the 650,000 trial modifications now in place, roughly 375,000 are scheduled to convert to permanent modifications by the end of the year. This new program includes outreach tools, borrower resources and servicer accountability.

The drive will also include what Treasury called “servicer accountablilty” which will require top loan servicers to submit a schedule demonstrating their plans to reach a decision on each loan.

If they don’t meet performance obligations they could be fined, but there are no details yet on how high the fines could go. Servicers will be required to report to the Administration the status of each modification for additional transparency.

In turn, the Treasury is rolling out more web tools for borrowers, including links to documents, and reaching out to state and local community stakeholders to help with outreach.

Last month, the Congressional Oversight Panel for the TARP found less than 2,000 of the more than half million loan mods made since the program began in June had become permanent. The trial period has been extended to five months due to overwhelming paperwork.

The plan was purported to save 3 to 4 million homeowners from foreclosure. It is now estimated there are 7 million delinquent loans in the pipeline….

Update: This part of the WSJ piece today sums it up perfectly:

…Meanwhile, the number of borrowers falling behind on their loan payments continues to outpace the administration’s efforts to help them. Roughly 1.56 million loans that were current in March were at least 60 days past due in October, according to LPS Applied Analytics. That’s more than double the number of trial modifications….

Nothing to write ‘home’ about. They are STILL trying to work on the modifications that have already been in the trial period (before they are FORCED to release the FAILURE RATE!) And they are FAILING to address the real issue that is now in the housing pipeline, JOB LOSS:

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November 30, 2009. Tags: , , , , , , , , , , . Economy, Finance, Housing, Obama Administration, Politics, TARP, Unemployment Statistics, Wall St. 2 comments.

Happy Anniversary MiM!

Wow! A year already since we began this bloggy thing! Our first post was 11/18/08..

We are fantasy/scifi/horror fiction/film fans, we also love to talk the economy and politics, makes for an interesting mix I think 🙂

740,000 visits

2,226 posts, 2,207 comments

Quick poll, should we pay to upgrade and keep blogging? If we blog it, will you come? Fees are minimal since we do not have access to post commercial widgets, but if we want to keep at this thing we may want to create some sort of oh I dunno revenue stream, lol…like with tiny little commercial widgets and ads….but first a poll…

November 29, 2009. Tags: , , . Entertainment, Fantasy, Fiction, Film, gaming, Horror, Music, Mystery, Politics, Popular Culture, Sci Fi, Supernatural, Suspense, Urban Fantasy. 2 comments.

Housing: Treasury to announce new ‘resources’ for homeowners seeking modifications Monday

Update: WaPo has some scoop on what they are announcing tomorrow, sounds like way too much UE, way too little pressure on the banks and FAN FRED, now it is way too late to stop the coming second leg down, they should have done the damned HOLC:

(…) The Treasury Department already releases monthly reports on how many trial loan modifications lenders have completed. It has shown, for example, that some major lenders such as Bank of America have lagged behind competitors in signing up borrowers to the program. But beginning in December, the report card will also detail how many of the borrowers that lenders enrolled have made enough payments and provided enough documentation to move into a permanent modification, according to a Treasury official, who spoke on the condition of anonymity because the plan had not been publicly announced.

Are they kidding? They think announcing which banks have had the documentation for months and done nothing is going to somehow embarrass them into acting? This is coming from the people we have in charge? Yeah Timmeh, who really knew how to talk tuff with the AIG CDS holders, pullleze!

The administration will also be announcing partnerships with state and local entities to help borrowers move into permanent modifications and more resources for borrowers looking for help, the Treasury official said.

Gee, more slush funds for NACA and their ilk, Hmmmm coinkydink that Justice just released a decision saying HUD had to fund ACORN Housing grants? Hmmmnn? Frakkers.

“It’s true that we are taking additional steps to enhance servicer transparency and accountability as part of a broader focus on maximizing conversion rates to permanent modifications,” the official said. “Additional details about this effort — which will also include partnerships with a broad array of organizations and new resources for borrowers — will be announced on Monday.

The administration has also been under pressure to prove its program does enough to help unemployed borrowers, a growing part of the foreclosure problem. Borrowers with little or no income have fewer options to save their home, housing advocates say. And government officials are set to announce rules as soon as this week on an expansion of the program, giving lenders incentive money to allow borrowers to sell their homes for less than their outstanding balance, which is known as a short sale….

Now taxpayers are going to PAY OFF the banks to do short sales?? OMG are you frakkin kidding me?

_______

Sounds like Treasury bought a frakkin clue and realizes a steep second dip in housing is coming if they don’t take action. Our EXTENSIVE posts on housing here.

CNBC:

The U.S. Treasury Department wants lenders and companies that process monthly mortgage payments to do more to rework troubled home mortgage loans and will announce new measures Monday aimed at achieving that goal, a department spokeswoman said Saturday.

The New York Times in its Sunday edition quoted Michael Barr, the Treasury Department’s assistant secretary for financial institutions, as expressing dissatisfaction with lenders over the slow pace at which they are amending loan agreements to help borrowers make their monthly payments.”The banks are not doing a good enough job,” the Times quoted Barr saying in a Friday interview. “Some of the firms ought to be embarrassed, and they will be.

Treasury spokeswoman Meg Reilly said Saturday the department was “taking additional steps to enhance (mortgage) servicer transparency and accountability as part of a broader focus on maximizing conversion rates to permanent modifications.” That could include new resources for borrowers, Reilly said without offering details. The department will announce new measures Monday, Reilly added.

The Treasury Department has said lenders have boosted efforts to modify mortgage payments — essentially by reducing monthly payments so that chances of foreclosure decrease. But there are widespread reports that borrowers continue to have problems negotiating with banks and mortgage brokers to get their payments lowered….

November 29, 2009. Tags: , , , , , , , , , , , , . Economy, Finance, Foreclosures, Housing, Music, Obama Administration, Politics, TARP, Unemployment Statistics, Wall St. Comments off.

Report: Bin Laden was within grasp, Rumsfeld and military under GWB let him get away…

How about we end the Big Dawg/GWB let OBL get away BS blamefest and focus on now? Can we do that? Can we get a Reaganesque coalition together and take the House in 10 and the WH in 12?

Cuz if everyone keeps blasting Big Dawg for an attack on the Cole that happened as he was ending his POTUS-ship,( in the Chris Wallace interview he is as clear as can be he wanted OBL hit, but the CIA, headed by someone BTW who WJC  kept on who was appointed by GHWB, would NOT sign off), if we keep this merry go round blamefest going we are not going to move forward together. Did WJC make mistakes?? Hell yeah, we didnt understand we were at war. Did GWB make mistakes? Hell yeah, he should have gone after OBL FIRST before turning to Iraq. But we are here NOW.

As far as this report in the WSJ today, it appears that yes OBL was pinned down and Rumsfeld and GWB made the decision NOT to go in there after him.

Now we can keep bashing the Clintons (looking at the present occupants of the WH should inform your opinions of the Clintons, who did NOT challenge the Consitution, or free market capitalism, he ENDED Big Govt during his terms!!!) or GW (after all if WJC was responsible for the recession that GWB felt (it was the FED!!) then you must say GWB is responsible for THIS recession? same thing on attacks same thing on OBL, be consistent!)or we can focus on NOW.

I choose NOW. Right NOW we have troops in harms way, right NOW our economy is in a ditch, right NOW the loony left is driving us off a cliff and the radical right is about to go AWOL on us with Lou Dobbs or Glenn Beck, splitting the coalition vote….let’s be in the NOW and work together to get MODERATION back in D.C.!

WSJ:

Osama bin Laden was unquestionably within reach of U.S. troops in the mountains of Tora Bora when American military leaders made the crucial and costly decision not to pursue the terrorist leader with massive force, a Senate report says.The report asserts that the failure to kill or capture Mr. bin Laden at his most vulnerable in December 2001 has had lasting consequences beyond the fate of one man. Mr. bin Laden’s escape laid the foundation for today’s reinvigorated Afghan insurgency and inflamed the internal strife now endangering Pakistan, it says.

…”Removing the al-Qaida leader from the battlefield eight years ago would not have eliminated the worldwide extremist threat,” the report says. “But the decisions that opened the door for his escape to Pakistan allowed bin Laden to emerge as a potent symbolic figure who continues to attract a steady flow of money and inspire fanatics worldwide. The failure to finish the job represents a lost opportunity that forever altered the course of the conflict in Afghanistan and the future of international terrorism.”

The report states categorically that Mr. bin Laden was hiding in Tora Bora when the U.S. had the means to mount a rapid assault with several thousand troops at least. It says that a review of existing literature, unclassified government records and interviews with central participants “removes any lingering doubts and makes it clear that Osama bin Laden was within our grasp at Tora Bora.”

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November 29, 2009. Tags: , , , , , , , , , , , . Armed Forces, Economy, Obama Administration, Politics, Taxes, Terrorism, Unemployment Statistics, Wall St. Comments off.

‘Date Night’ Trailer, Steve Carell

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November 28, 2009. Tags: , , . Celebrities, Comedy, Entertainment, Film, Popular Culture. 1 comment.

Taylor Lautner hosts SNL December 12th, musical guest Bon Jovi

Yowsa. And this pairing was PERFECT for this spoof, now it’s real, lol. Reality imitating Art again!

Variety:

“New Moon” star Taylor Lautner will host the Dec. 12 edition of “Saturday Night Live,” NBC has announced.Lautner, who plays Jacob in the hit “Twilight” franchise, will be paired with musical guests Bon Jovi…

Created by http://mstaken.com

This video is our TWILIGHT: NEW MOON fantasy: what if Bella was part Buffy and shredded an epic rock ballad?

The story behind this video is that a while ago we got approached by a young woman who had an idea for a fake engagement ring to ward off douchebags. She asked us to make her a video and we made “Puke In My Mouth” http://youtube.com/watch?v=DJsQcnB6GC0. It was so much fun, we told her we had to make a sequel about Twilight. Hope you guys enjoy – don’t forget to leave a comment and subscribe!

-beau, peter and david
the pantless knights

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November 28, 2009. Tags: , , , , , , . Celebrities, Comedy, Entertainment, Fantasy, Fiction, Film, Horror, Music, Popular Culture, Supernatural, Suspense, Twilight. 1 comment.

DOW opens down 200 on Dubai Debt Default, El-Erian on the markets reaction

Perhaps this will help the markets buy a frakkin CLUE and look at the fundamentals for a change….see our post on the Dubai Debt Default….CITI apparently has A LOT of exposure to this loss

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November 27, 2009. Tags: , , , , , . Economy, Finance, Politics, Wall St. Comments off.

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