Sep 08 2008
More Poll Bad News For Obidenama! – Updated
On Friday Obidenama had a 6 point lead in the newly launched Hotline daily tracking poll. Today that lead is gone and the poll shows a dead heat. Right in line with other horrible poll news coming out today.
I think we can thank both Governor Sarah Palin for bring new blood and life to the GOP side (and of course McCain for having the guts to make the choice), and we must thank the liberal nutcases who viscously attacked Palin and her family – from blogs, to media, to talking heads and pols themselves. Without their Taliban-like response to Palin the nation would not have turned in to watch her in such large numbers, and would not be so repulsed by the liberal left that they are marching to the GOP as they Awaken to the ugliness that lies under the liberal facade. If people prefer me to use ‘Neanderthal’ vs ‘Taliban-like’ I think I can accommodate that.
Are people racing for the exits in the Democrat Party? According to the Gallup/USA Today poll, yes they are (H/T Ed Morrissey and Allah Pundit):
In the new survey, more voters call themselves Republicans. Now 48% say they’re Democrats or lean to the Democratic Party; 47% say they’re Republicans or lean to the GOP.
Not since February 2005, right after Bush’s second inauguration, have Republicans been within a single point of Democrats in party identification.
What’s more, voters by 48%-45% support the Democratic candidate in their congressional district, the party’s narrowest advantage this year.
So the American people are jumping ship on the dems. This is one election for the history books, and the hysteria books. My guess is the liberals will now blame the American voter for being racist as they dump Obama. They couldn’t possibly accept that the cause is liberals are basically repulsive!
Previous posts on polls:
Undecideds Massing Towards McCain-Palin
McCain-Palin Take Crushing 10% Lead With Likely Voters
Update: And the bad poll news keeps coming, Now Gallup Daily Tracking is showing a McCain/Palin Surge:
O-bomba!
Update: CNN comes out with their ‘poll’ nothing has changed in the world of politics over the last week! LOL – hey folks, filtering reality doesn’t make it go away, it just makes you ignorant of what is happening in the world. Try taking those blinders off. I would guess the folks in Wasilla, Alaska have a better bead on reality right now than those in the CNN echo chamber!
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So now Huffington Post is claiming Palin just make a potentially major gaffe…all supported by their experts on economics.
Right…
The liar Progresives plan is to junk up the airways so that everyone is busy trying to debunk lies and therefore not talking about what a Marxist(for real) Obama is
VinceP1974, at some point the electorate will start tuning this BS out, so that even if there were pictures of Palin committing murder it will be ignored.
I looked at the Huffington Post claim – HA! They say it’s a gaffe because she said that Fannie Mae and Freddie Mac have gotten “too big and too expensive for the taxpayers.” The gaffe is supposedly that Fannie Mae and Freddie Mac are actually private companies, not funded by taxpayers.
Oh, and by the way, this weekend Sec. Paulson announced that the taxpayers will be contributing at least $25 billion and maybe up to $100 billion to “stabilize” the two companies.
So how big a “gaffe” is that line about taxpayer funding again?
WWS,
It seems to be a new pattern on the left to make some idiotic claim like this and then scream “look at the idiot” – at which point everyone stairs dumbfounded the the liberal making the idiotic claim ….
And they wonder why America is turning away?
I wonder how long it will take to see this change in the polls in the electoral college vote? So far they still have Obama with a lead, some a lot, some a little. RCP has a 10 point lead on electoral, that has not changed for weeks.
They do the national polls day to day, but the state wide polls are not done so frequently.
WWS:
I heard it was $100 billion to bail them out. And the government created them, they are a Democratically created entity. McCain should they should be privatized little by little and just fazed out of existence. He is probably right.
Terrye,
State polls will take at least to the end of the week, if not longer.
This is probably the most concise long-term summary of the problem… I didn’t want to write a narrative. if one is interested then this is a good place to start.
At the WSJ page itself are links to the individual stories.
Through this whole time frame, Industry, the Fed, the White House, The Treasury ALL of them try to get reform passed through Congress.. Yet somehow Congress always gets blocked. These stories dont go into a lot of details as to why they get blocked, it seems like it’s fairly typical and annoying thing when it does, but the consistant theme running through this is that the Democrats shield any action from taking place againt Fannnie Mae because of cries about housing for the poor.
Well thank you for your compassion because now we’re all going to poor.
When the full facts come out about this, this nation might be in a revolt.
Fannie Mayhem: A History
September 8, 2008 8:41 p.m.
http://online.wsj.com/article/SB1014169323358510560.html?mod=Extra
• Fannie Mae Enron? 02/20/02 – Fan and Fred look like poorly run hedge funds: lots of leverage and snarkily hedged risk. Does the word Enron ring any bells?
WSJ notices the debt for FM is going up a lot
• Frantic Fannie 02/28/02 – Companies taking on so much risk and debt, and backed by taxpayers, ought to be more transparent in what they tell the world.
Responding to last week The two biggest U.S. mortgage holders hit the airwaves to denounce us, accused us of bias against “housingâ€
Ancedote of Rep Chairman wanting to hold hearings, Dem Rep shutting that down
• Inside Fannie 03/19/02 – Fan and Fred don’t function like other companies. They’re allowed to pile up debt, implicitly guaranteed by taxpayers, without being held to even the minimum of corporate governance standards.
• Fannie’s Inside Info 07/01/02 – Even in this post-Enron world, Fan and Fred do not provide as much information about these securities as private mortgage lenders do.
• Fannie Capitulates, Sort Of 07/15/02 – Fannie Mae and Freddie Mac end months of resistance, stonewalling and downright crankiness and agree to register their common stock with the Securities and Exchange Commission.
• Fannie Mae’s Risky Business 09/23/02 – We’ve been suggesting that Fannie Mae was exposed to too much interest-rate risk. All of a sudden investors seem to agree with us.
• Fan and Fred Get the Business 02/19/03 – The year has not started auspiciously for the two mortgage-finance behemoths.
• Speaking Truth to Fannie 03/12/03 – The president of the Federal Reserve Bank of St. Louis warns of a potential crisis arising from Fannie Mae and Freddie Mac.
• Fannie Takes the Hill 10/09/03 – When the House of Representatives can’t get even a modest regulatory bill out of committee, the dangers of Fannie Mae become clear in reality.
Notes that efforts by Committee chair keeps getting blocked, but doens’t say why
• White House Fannie Pack 11/11/03 – White House chief economist N. Gregory Mankiw dares to tell the truth about Fannie Mae and Freddie Mac. The mortgage giants were not amused, which means we’re getting somewhere.
WH attacked by Barney Frank for being against “housingâ€
• Christmas for Fannie Mae 12/23/03 – The Federal Reserve Board releases a new staff study about the impact of taxpayer subsidies for Fannie Mae and Freddie Mac.
So no wonder the companies are fighting so hard to block the Bush Administration’s effort to more thoroughly monitor and supervise their risk-taking
• Fannie’s Risky Business 02/25/04 – Alan Greenspan putshis credibility behind the cause of reforming Fannie Mae and Freddie Mac.
• Fannie Uncovered 09/23/04 – The housing-finance giant has been engaging in some accounting funny business.
• Fannie Mae Enron? 10/04/04 – The company was cooking the books. Big time.
The target EPS for maximum payout was $3.23 and Fannie reported exactly . . . $3.2309. This bull’s-eye was worth $1.932 million to then-CEO James Johnson, $1.19 million to then-CEO-designate Franklin Raines, and $779,625 to then-Vice Chairman Jamie Gorelick.
• Fannie Mae Liberals 10/14/04 – There were many moments of high entertainment during the House hearings on Fannie Mae’s creative accounting. But our favorite was the Mister Magoo performance given by Barney Frank (D., Massachusetts).
Mr. Frank chided Fannie CEO Frank Raines and CFO Tim Howard, saying, “At the level of compensation you get, we ought to be able to count on you to do your very best without additional incentives.†(THIS AFTER LEARNING ABOUT MILLIONS IN FRAUD!!! we were counting on you??!!?!? WTF)
the good liberals in the Congressional Black Caucus. Members of this group are often the loudest defenders of Fannie and her brother, Freddie Mac. Can it be that the annual donations made by the Fannie Mae Foundation to the Caucus have blurred their vision too?
Maxine Waters (D., California) cooed all over Mr. Raines, and Clay Lacy (D., Missouri) played the race card by calling the hearings a “political lynching†of Mr. Raines, who is African-American
The default position for Fannie’s defenders is that the giant mortgage finance company provides more affordable housing.
Fan and Fred’s Congressional sympathizers (including some of the same Members who lavished valentines over Fan last week) sent a letter to HUD complaining against the new quotas
The evidence is overwhelming that Fannie only pretends to be a tribune of the poor.
• Fannie the Centaur 12/17/04 – Understanding their half-man, half-beast nature is crucial to fixing Fannie Mae and Freddie Mac in the wake of their recent financial scandals.
• Fannie Turns a Page 12/23/04 – Fannie Mae – a slick, semiprivate firm operating with the patronage of politicians – is the kind of institution one still expects to find in a country like France.
• Fannie’s Friends on the Hill 05/09/05 – Congress finally seemed ready to protect taxpayers from Fannie Mae and Freddie Mac. Then Republican Mike Oxley decided to ride to their rescue.
We should have known the two mortgage giants wouldn’t change without a fight. Their new, post-scandal, executives are talking a nice, cooperative game. But their allies in the homebuilding trades are deluging Congress with the usual fears that reining in Fan and Fred will hurt home ownership. They’re even playing the race card, as in the email we received from Mary Mancera of the National Association of Hispanic Real Estate Professionals. “Reform Proposals Will Limit Latinos Access to Homeownership,†she declared, apparently with a straight face.
At a recent Senate hearing, the best New York’s Chuck Schumer could do on the point is browbeat Mr. Greenspan with studies disputing a Fed study showing that even the implicit government guarantee for Fan and Fred hardly lowers mortgage rates at all.
. Mr. Schumer and other politicians are in it for the campaign contributions, and it is especially amusing to see liberals fight for MBS portfolios that merely enrich already rich Fannie executives.
We hope the Bush Administration and Republicans on the Senate Banking Committee don’t flinch the way House Republicans have.
• Fannie Mae’s House 10/25/05 – Every Congressional session can be counted on to produce its share of bad bills. But the “reform†bill for Fannie Mae and Freddie Mac is in a class of its own.
The bill’s new “affordable housing†fund confiscates potentially billions of dollars of the profits of these nominally private companies to finance the pet projects of Barney Frank and other Democrats. This sort of targeted profits tax is not only a bad idea in its own right but also gives Members of Congress an even greater stake in opposing any reform that might dent that profit stream. That is precisely why it is being promoted by the homebuilder lobby and others who benefit from Fannie subsidies.
Chairman Oxley seems oblivious to all this, focusing instead on raising PAC contributions and showing he can pass a bill by giving Mr. Frank whatever he wants.
The sad political truth is that a Democratic Congress probably couldn’t pass this stinker without being accused (accurately) of promoting state socialism. That an ostensibly conservative House will pass it is another embarrassment for Republican governance.
• Freddie’s Friends on the Hill 04/27/06 – The Federal Election Commission sheds some light on how Freddie Mac rewards its friends.
The Bush Administration has been forceful in calling for Congress to reform how Fannie and Freddie are regulated and run. But if it wants its effort to succeed, it is going to have to show Fan and Fred and their friends on the Hill that Treasury will act if Congress doesn’t.
• Memo to Fannie 06/14/06 – A joke in Washington these days goes like this: “What’s the difference between Enron and Fannie Mae? Answer: The guys at Enron have been convicted.â€
Mr. Quarles said the Administration would prefer that Congress act to give a new regulatory body that power instead. But Fannie and Freddie and their political allies — the homebuilders especially — have been lobbying furiously to stop such reform legislation. So Treasury is telling the mortgage giants that even if they keep blocking reform, the Administration can achieve the same results administratively.
• The Fannie Tax 04/12/07 – Democrat Barney Frank and the Bush Administration seem to have found common ground on new rules for Fannie Mae and Freddie Mac. Naturally, there’s a catch.
The bad news is that Mr. Frank is an expensive date, and his price for tolerating reform of his favorite corporate giants is dunning them for mega-bucks in the name of “affordable housing.†His bill would tax Fannie and Freddie to the tune of 1.2 basis points of their total book of business — or just over 1/100th of 1% of all the mortgages Fannie and Freddie have bought and packaged to sell to investors. That’s more than $500 million a year, with potential to grow.
• Freddie Krueger Mac 05/10/07 – Just when you think they’re defeated, Fannie Mae and Freddie Mac arise in Congress to kill any attempt to clean up their dangerous habits.
The four Members fronting for the scandal-plagued companies are Democrats Melissa Bean (Illinois) and Dennis Moore (Kansas) and Republicans Gary Miller (California) and Randy Neugebauer (Texas). They prove that corporate socialism isn’t partisan, and no doubt they’ll be handsomely rewarded with campaign contributions if their amendment succeeds.
• Fannie to the Rescue? 09/29/07 – Fannie and Freddie went up the Hill to fetch a pail of money.
• Fannie More 10/23/07 – Barney Frank and Chuck Schumer have come up with a proposal that would increase the risk to taxpayers from Fannie Mae and Freddie Mac.
• Fannie Mayhem 11/20/07 – Chuck Schumer is lucky Congress ignored his idea that Fannie Mae and Freddie Mac should ride to the rescue of the housing market.
• Too Political to Fail 04/21/08 – Fannie Mae and Freddie Mac aren’t held to the same standards of accountability as everyone else.
• The Price of Fannie Mae 07/10/08 – It’s time Americans understood the price they could soon pay for the Beltway’s confidence game with these high-risk “government-sponsored enterprises.â€
• Fannie Mae Ugly 07/12/08 – Investors continued to flee Fannie Mae and Freddie Mac almost as frantically as the political class tried to reassure everybody there was nothing to worry about.
• Paulson’s Fannie Test 07/15/08 – Does Hank Paulson want to leave the U.S. financial system better than he found it? That’s his test in the wake of his commitment to use taxpayer money to rescue Fannie Mae and Freddie Mac.
• Fannie and Freddie’s Enablers 07/21/08 – The same folks who put taxpayers on the hook for Fannie Mae and Freddie Mac are now demanding ransom to let taxpayers bail them out.
• Fannie Mae’s Political Immunity07/29/08 –Congress sets the rules in favor of Fan and Fred, which then repay the Members with cash from their rigged profit stream.
• When Henry Met Fannie 08/19/08 — That taxpayer capital injection looks closer all the time.
• Weekend at Henry’s 09/08/08 — Propping up the living dead at Fannie Mae and Freddie Mac.