Posted on February 25, 2009 by mcauleysworld
McCain warns of losing fragile gains in Iraq
Obama administration finalizing details to withdraw most troops by 2010
WASHINGTON – Republican Sen. John McCain said Wednesday that security gains in Iraq could be lost if the new administration pulls troops out too quickly, but did not immediately dismiss the feasibility of President Barack Obama’s 19-month timeframe.
The administration [...]
Filed under: Al-Queda, Barack Obama, Iraq | Leave a Comment »
Posted on February 24, 2009 by mcauleysworld
Is Obama’s Mortgage Rescue Plan another example of throwing good money after bad? 53% of borrowers with loans modified in the first three months of 2008 and 51% of those with loans modified in the second quarter could not keep up with payments within six months, according to U.S. Comptroller John Dugan, who spoke at a housing conference.
Paul Willen, an analyst for the Federal Reserve Bank of Boston, said too many borrowers simply cannot afford to own their homes. “Many of the people in the foreclosure process are in deep, deep trouble. They are not a modified loan away from financial happiness,” said Willen. “Many people who are heading into foreclosure don’t need a modification, they need an exit strategy.”
Filed under: Mortgage Crisis, Politics | Tagged: Mortgage Crisis | Leave a Comment »
Posted on February 19, 2009 by mcauleysworld
If the debate over climate change is closed, why is John Coleman, the founder of the Weather Channel, still trying to prove it’s all a scam?
Filed under: Global Warming Questioned | Tagged: Global Warning Myth?, Weather Channel Founder Questions Global Warming | 1 Comment »
Posted on February 16, 2009 by mcauleysworld
Posted on February 13, 2009 by mcauleysworld
Now Obama and his Administration propose that the Government buy up bad mortagages with taxpayor money, pay down the principle and then sell the mortagages back to the original defaulting homeowners. What? When John McCain suggested the same thing in early October 2008 Obama called the plan “erratic”, “reckless” and a “waste of taxpayor money”. So what has changed now? Another Obama political pay back?
Filed under: Barack Obama, Financial Crisis, Mortgage Crisis | Tagged: Have we come full circle? Obama proposes to buy bad mortgages with taxpayor funds! | 1 Comment »