Update: Senate GOP cracking? CBO score in; Health Care Action Alert: Call your Critters this week!

Update: 10/8- Harry Reid D-NV says the Senate Finance Cmte will vote on the Baucus bill Tuesday.

RedState and AceHQ are reporting –the rumour, no head counts yet–the Senate GOP may be folding on health care.

URGENT CALL NOW, CALL YOUR FAMILY AND FRIENDS TO CALL NOW!

Some Republicans are now thinking of supporting a government program.Go to the action center and start calling.

Please call your critters!

2.  Tuesday: Call the Senate Finance Committee tell them our economy cannot afford another massive government spending bill.  Tell them not to pass the government run health care bill out of committee.  Our sources tell us that all the Republicans will be voting against the legislation already EXCEPT SEN OLYMPIA SNOW R-ME! If you are in Maine call Sen Snowe!! so you may choose to focus on the Democrats.  Record your answers and the number of calls you made.

3.  Wednesday: Call the Blue Dog DemocratsRecord your answers and the number of calls you made.

4.  Thursday: Call the Senate Finance Committee AGAIN tell them our economy cannot afford another massive government spending bill.  Record your answers and the number of calls you made.

5.  Friday: Call your Senators and your Representative; tell them as a constituent you are asking them to vote NO on government take over of Health Care. Record your answers and the number of calls you made.

7.  Friday:  Call the Blue Dog Democrats AGAINRecord your answers and the number of calls you made.

Update: CBO first look score is in and is under the 900b mark Baucus wanted. They will try to push it through asap, please call, No Medicare cuts to Seniors care! No penalties and mandates in the deepest recession in a generation!

WSJ:

The latest health-overhaul bill from the Senate will cost $829 billion over a decade and provide insurance coverage to 91% of U.S. residents, according to an analysis released Wednesday by the Congressional Budget Office.

The price tag for the Senate Finance Committee’s sweeping health bill is in line with President Barack Obama’s request that the overhaul cost about $900 billion over a decade and not add to the federal deficit. But the estimate of how far it will expand insurance coverage is lower than what Finance Committee Chairman Max Baucus (D., Mont.) had initially targeted.

According to the CBO, the bill would reduce the federal budget deficit by $81 billion over 10 years.

The within-budget cost estimate paves the way for the Finance Committee to pass the overhaul bill as soon as this week, marking a significant step forward for the president’s top domestic priority. Senate leaders will then merge it with another bill, from the Senate health committee, before taking it to a vote on the Senate floor….

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October 6, 2009. Tags: , , , , , , . Economy, Healthcare, Obama Administration, Politics, Taxes. Comments off.

Treasury Auction: ‘Awful’: 10 yr hits 3.99%…DOW down 76…

As predicted we are at that 4.00% that Bill Gross wants to lure investors to buy Treasurys, but it will of course kill housing recovery…

CNBC:

…US Treasury prices fell on Wednesday, sending benchmark yields to eight-month highs, after an auction of 10-year notes heightened concerns about the cost of financing the burgeoning U.S. budget deficit.

…The main downside was that the high yield at the auction was above market expectations. This “tail,” as it is known in the market, showed investors wanted the government to pay apremium to get the bonds sold and tipped the balance for a negative interpretation of the sale.

The Treasury said it sold $19 billion in 10-year notes at a high yield of 3.99 percent, the highest of the year….

And PS the Federal Reserve lost LARGE on its investments in Bear Sterns and AIG, gee whoudathunk?

The Federal Reserve lost $5.25 billion in the first quarter on the securities it acquired with last year’s bailouts of Bear Stearns and insurer American International Group, according to a report issued Wednesday.

The loss on the holdings, which include mortgage-backed securities, reflected a decline in their value as the recession carried over into the first three months of this year. The cumulative loss on the Bear and AIG holdings come to $16.46 billion since they were taken over last year.The Fed is hoping that if it holds onto the securities long enough, they will eventually rise in value once the economy returns to full health again, the housing market heals and the financial and credit crises are past…

I agree with Rick Santelli, again, who said today Bernanke should raise the Fed Funds Rate to .25 from 0, two fold purpose, send clear message to markets and bond vigilantes that the Fed will tighten as needed, AND, it will make TOTUS think twice before replacing him with Summers, as it will be even more clear at that point it is political interference with the INDEPENDENT Fed….

Vodpod videos no longer available.

Whether now is the time to fear inflation with the dollar weakening and commodities and rates rising, with Eric Thorne, Bryn Mawr Trust Wealth Management; Stephen Moore, Wall Street Journal Editorial Board and CNBC’s Rick Santelli.

Will post that video shortly.… here it is

DOW down 76 to 8687

S & P down 9 to 933

NAS down 22 to 1837

June 10, 2009. Tags: , , , , , , , , , , , , , . Economy, Entertainment, Finance, Foreclosures, Housing, Music, Obama Administration, Politics, Popular Culture, TARP, Taxes, Uncategorized, Unemployment Statistics, Wall St. Comments off.

Happy Valentines Day!!!

2010 Updates: THR Livefeed has ‘Lost’ Valentines …

The Victorian Valentines are so beautiful, read more about the holiday here

vsavintagevictorianvalentinestockimages61

Cindy Adams dishes on traditional Valentine’s lore:

In Ancient Rome, St. Valentine performed marriages for the soldiers of Emperor Claudius, who’d banned the rite because he did not want emotional ties that could make his troops less bold in battle.

In the Middle Ages, folk of young ages drew names from a bowl to see who their Valentines might be. Those names were then pinned on their cuffs for a week. The forerunner of the phrase “wearing your heart on your sleeve.”

Wedding rings grew out of the custom of locking a bride in irons with the best man assigned to guard her prior to the ceremony.

Per the Times of London, every Valentine’s Day morning some unknown writes a note saying, “Are you there, Moriarty?” — addressed to Mr. Sherlock Holmes — and plops it through the letterbox of the Abbey National branch that now stands at 221B Baker Street. I don’t know why. They don’t even know why.

Old wives’ tale: Feb. 14 is the date centuries ago when migratory birds returned to England to mate.

More old wives’ tales: The first feathered friend a single maiden sees on Valentine’s Day will foretell her future mate. A bluebird is a sign he’ll be happy but poor. A crossbill means cranky and quarrelsome. Sparrow? The guy’s a farmer. Robin? He’s a sailor. Blackbird? A clergyman. And if she sees a woodpecker, the old broad will stay an old-broad spinster….

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February 14, 2009. Tags: , , , , , , , , , , . Entertainment, Film, Music. Comments off.

Stimulus Update: Reach Out and Touch Someone….

call your Congress Critters!

dont cut education!!

To say GET EDUCATION BACK IN THE BILL call these fools:

Your Congress Critter, email them here

Your Congress Critter in the House call them here

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February 9, 2009. Tags: , , , , , , , , , . Department of Education, Economy, Film, Foreclosures, Music, Obama Administration, Politics, Popular Culture. Comments off.

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