When Doves Cry: GOP fights to save Medicare from Democratic cuts…

Yes we ARE through the looking glass. I don’t care WHO is standing up for Medicare as long as someone is standing tall dammit.

MAC has an amendment to stop the Medicare cuts. The Democrats plan to kill it. He is on Kudlow now, we will post it as soon as the video comes up. He wants Medicare left intact and a payroll tax cut!!  It is 500billion to start, that kind of cutting is going to HURT.

I am unwilling to throw the Baby Boomers under the bus to give 15 million people crappy coverage. The other 15 million can damn well take their axx to the Medicaid line like they do for Food Stamps and other assistance. I have been there, they don’t bite people. God helps those who help themselves.  Go sign up for the safety net that is available if you and your family need it.

Would I like to expand coverage? LOVE TO! Did I plan to do so under HRC? Damn yes BEFORE THE ECONOMIC MELTDOWN AND LOSS OF TRILLIONS AND THE HUGE GAPING MAW OF THE DEFICIT ! DOOM I SAY DEFICIT DOOM!!!

okay, back to the GOP fighting for Medicare:

Courtesy of my Senator Jon Kyl R-AZ:

Jon Kyl, U.S. Senate Republican Whip, speaking on the Senate floor in favor of the McCain Amendment that would prevent the cuts in Medicare outlined in the Senate ObamaCare bill. As it stands, the Democrats’ bill will cut at least $450 BILLION from Medicare in order to pay for their new government-run health care system. December 2, 2009.

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December 2, 2009. Tags: , , , , , , , , , , , . Economy, Finance, Healthcare, Obama Administration, Politics, Taxes. 1 comment.

LOST Season 6 Promo (CUATRO)

Vodpod videos no longer available.

Video courtesy of campetin

Song – Everything in its right place by Radiohead off the Kid A album

NYPost:

In a new ad for ABC’s “Lost,” Ben, Locke, Sawyer and Kate are used as pawns on a giant chessboard as a disembodied voice recites a poem.

“The wise man said/Life is a chessboard/of nights and days/where men are pawns of God/moved here and there/God allows them to kill/and kills/and piece by piece/he puts them back in the box/because there’s a destiny for every piece/for every player/and for God.”

The promo is currently airing on “Lost’s” Spanish carrier, Cuatro, and serves as their creative solution to a dilemma all of the show’s network partners will face as “Lost” gears up for its final season, premiering Feb. 2.The series’ producers have said they’d rather not include any footage from the unseen episodes to use in promos and advertising, according to EW.com.

more about “LOST Season 6 Promo (CUATRO)“, posted with vodpod

December 2, 2009. Tags: , . Entertainment, Fantasy, Horror, Mystery, Popular Culture, Sci Fi, Supernatural, Suspense. Comments off.

SciFiWire: Teaser Trailer for new Buck Rogers web series

SciFiWire likes the way it looks. Agree!

…James Cawley, whose Cawley Entertainment Company had obtained the rights to the character created back in 1928, said he was aiming for a “retro-contemporary” look to the show. But what exactly did that mean? And he also announced that he hoped to release 20 Buck Rogers episodes a year, starting in late in 2010….

December 2, 2009. Tags: , , . Entertainment, Fantasy, Film, graphic art, Popular Culture, Sci Fi. Comments off.

‘Daybreakers’ Trailer 3

Our previous post on ‘Daybreakers’ here. It looks awesome, I am pretty psyched for this one. Premieres January 8, 2010.

Courtesy of HollywoodStreams

December 2, 2009. Tags: , , , , , , , . Celebrities, Entertainment, Fantasy, Film, Horror, Mystery, Popular Culture, Sci Fi, Supernatural, Suspense. Comments off.

Updates: Bernie Sanders I-VT seeks to put hold on Bens renomination; Black Swan says he will shun public life if Ben reconfirmed; Mark Zandi agrees double dip for housing ahead; Flashback: Bernanke in Denial 2005-2007

Update 2: Breaking on CNBC via Politico Bernie Sanders I-VT trying to put hold on Bens renomination hearing tomorrow. But they seem to have the 60 votes they need. Also today Taleb, of the Black Swan said if Ben is reconfirmed he will leave public life, seriously:

Nassim Taleb, the author of “The Black Swan”, said he would retreat from public life if Federal Reserve Chairman Ben Bernanke gains a second term at the helm of the central bank.”What I am seeing and hearing on the news — the reappointment of Bernanke — is too hard for me to bear,” Taleb wrote on his blog on The Huffington Post.

“I am not blaming Bernanke (he doesn’t even know he doesn’t understand how things work or that the tools he uses are not empirical); it is the Senators appointing him who are totally irresponsible — as if we promoted every doctor who committed malpractice,” he wrote.Taleb wrote he will not take part in interviews in the press and will not go to the World Economic Forum in Davos in January.

“I need to withdraw as immediately as possible into the Platonic tranquility of my library, work on my next book, find solace in science and philosophy, and mull the next step,” he wrote, adding that “I will only (briefly) emerge from my hiatus when the publishers force me to do so upon the publication of the paperback edition of The Black Swan.”…

Update: Boy it is exhausting having these fancy pants academics and/or advisers to MAC and Obama come along and agree with MiM months after we take a position, like being Cassandra, it sucketh big time. Now I just heard Marty Feldstein agreeing on Kudlow too, lol. To be fair Feldstein came out on this in October...sure now that it’s COOL to say there is a double dip ALL the kids wanna do it!

Soon Orszag and Krugman will be the cheese, and we all know the cheese stands alone.

Mark Zandi of Moodys (who will be at the big job summit this week, and who is at every Nancy Pelosi jobs bill panel as well), the man who advised MAC and later the Congress on the stimulus, is now forecasting a second leg down in housing, a big one, the one we and others have been yammering on about for months.

Maybe now that one of the chosen few who get listened to (despite often being quite wrong) and whose ideas are often quite unsuccessful (see WSJ on Orszag and Stiglitz’  EPIC FAIL on the risk posed by FAN FRED that somehow gets them promoted and invited to all the summits and now they help design all our economic policy and even our healthcare system!!) is on board with the fact that housing is in imminent danger of collapsing under the continuing deterioration of employment and the failure of the mo mods. Well maybe now they will do the damned HOLC and get it done.

FDR did it, in out boom,. Buy the home loans from the banks,w e already own them in FAN FRED anyway, write down 20% everyone underwater, boom, done. Let homeowners pay it off via their taxes to the government. Give a payroll tax holiday. Stop the uber spending in areas that don’t help the underlying economy. The entire 78 billion directed to housing is still sitting there waiting to be paid out on permanent mods that aren’t happening.

The meltdown of the U.S. housing market is not over yet, and home prices will soon start trekking downward again as a flood of foreclosures looms, a well-known economist said Wednesday.

Home prices, as measured by the Standard & Poor’s/Case-Shiller U.S. National Home Price Index, will trough in the third quarter of 2010 after declining 38 percent, Zandi said. The index peaked in the second quarter of 2006 and hit a trough in the first quarter of 2009, a drop of about 32 percent. Home prices in many regions have been rising.That is because foreclosure sales fell over the summer and fall as mortgage servicers have tried to put stressed homeowners into the Home Affordable Modification Program and other modification plans, he said. “This lull in foreclosures sales has resulted in the price gains in the past few months,” he said.

“Foreclosure sales will increase, and home prices will resume their decline by early 2010 as mortgage servicers figure out who will not qualify for a modification,” he said.

Zandi said 7.5 million foreclosure sales will have taken place between 2006 and 2011. The majority of these sales, however, have not emerged yet, with 4.8 million foreclosure sales expected between 2009 and 2011….

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December 2, 2009. Tags: , , , , , , , , , , , , , , . Economy, Finance, Foreclosures, Housing, Obama Administration, Politics, TARP, Unemployment Statistics, Wall St. Comments off.

Tiger Woods: About Last Night

Loved this movie back in the day. EXCELLENT soundtrack.  Man it was good being 17, lol. Tiger Woods admits he is a cheater and didn’t live up to his standards. This after women came out of the woodwork saying hell yeah he is a cheater. Another guy who seemingly has it all and it isn’t enough. Well God Bless his family, hope they are nicer to his wife then they were to Hillary.

Oh spare me. Tiger is whining that his personal issues should not require a press release. Guess you should’ve thought of that before you became the most famous athlete in the world and made bazillions eh Tiger? Maybe you shouldn’t have driven into a frakkin tree then. Spare me.  YOU are famous YOU make millions for it YOU need to deal with the tabloids. FOX is playing the audio tape of Tiger whispering into his cell to his 3 yr mistress to change her answering machine message to leave out her name since his wife took his phone and may call the number. Unreal.

Vodpod videos no longer available.

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December 2, 2009. Tags: , , , , , , , , , , , , . Celebrities, Entertainment, Film, Music, Popular Culture. Comments off.

They’re baaaack: FHA prepares to raise premiums to boost reserves…

When last we visited with the FHA they were swearing up and down they would not need a bailout and were expanding their loan programs hand over fist.

So how’s that working out for them? It’s not. They are going to tighten standards (which will hurt housing but it has to be done) and they are asking Congress to allow them to raise premiums on current homeowners. In addition they are finally acknowledging that audit that said they would not need a bailout may have been overly optimistic:

“We have to replenish the reserves and we have to be prepared for a market outcome that may not be as favorable” as one that was forecast by the auditor, said David Stevens, the FHA’s commissioner, in an interview Monday. The audit estimated that the agency wouldn’t need any funds from the U.S. Treasury next year.

Imagine that!! what a shock! maroons.

…Shaun Donovan, secretary of the U.S. Department of Housing and Urban Development, plans to ask Congress on Wednesday to raise the cap on the annual insurance premium that the FHA can charge borrowers. In testimony before a congressional panel, he will also outline steps the agency is considering to set minimum credit scores, to require home buyers to put more money down, and to make lenders more accountable for loans that the agency insures.

Those measures are designed to begin rebuilding the agency’s depleted capital reserves. An independent audit last month said that the estimated value of those reserves had dropped to $3.6 billion, or about 0.5% of the $685 billion in loans the FHA has insured...

The FHA will also limit the amount of money that sellers can provide for closing costs on home sales to 3% of the home price, from the current level of 6%. The agency is also finalizing plans to set a minimum credit score for borrowers, possibly by requiring those making small down payments to have higher credit scores….

Barn door, closing, horses, cows gone. You know the drill.

December 2, 2009. Tags: , , , , , , , , . Economy, Finance, Foreclosures, Housing, Obama Administration, Politics, TARP, Taxes, Unemployment Statistics, Wall St. 1 comment.

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