“In two appearances since he was elected, Obama has emphasized the monumental challenges the country faces and warned against expectations that he will bring a quick fix. The change he promised on the campaign trail will come, he told an eager nation, but it will take some time.”

“”We are facing the greatest economic challenge of our lifetime,” Obama said at a news conference Friday.”

“It is not going to be quick, and it is not going to be easy for us to dig ourselves out of the hole that we are in,” he said.”

SOS, DD.

1Pe 2:13 Submit yourselves to every ordinance of man for the Lord’s sake: whether it be to the king, as supreme;
1Pe 2:14 Or unto governors, as unto them that are sent by him for the punishment of evildoers, and for the praise of them that do well.
1Pe 2:15 For so is the will of God, that with well doing ye may put to silence the ignorance of foolish men:
1Pe 2:16 As free, and not using your liberty for a cloke of maliciousness, but as the servants of God.
1Pe 2:17 Honour all men. Love the brotherhood. Fear God. Honour the king.

So we’re going to have a new leader. This is how we are to treat him.

Obama campaign workers angry over unpaid wages

Posted: Nov 5, 2008 02:38 PM
Political paychecks
Former Obama workers claim they were short-changed
Diane Jefferson
Jeremy Brilliant/Eyewitness News

Indianapolis - Lines were long and tempers flared Wednesday not to vote but to get paid for canvassing for Barack Obama. Several hundred people are still waiting to get their pay for last-minute campaigning. Police were called to the Obama campaign office on North Meridian Street downtown to control the crowd.

The line was long and the crowd was angry at times.

“I want my money today! It’s my money. I want it right now!” yelled one former campaign worker.

A former spokesman for the Obama campaign said 375 people were hired as part of the Vote Corps program and said people signed up to work three-hour shifts at a time. Three hours of canvassing got workers a $30 pre-paid Visa card.

The workers showed up to get their cards Wednesday morning at 10:00 am.

“There was a note on the door saying 1:00 pm and then at 1:20 pm everybody was like why is nobody here. They just got here and they’re trying to get it organized,” said Heather Richards, a former campaign worker.

The large gathering of around 375 people prompted police to call in extra officers and set up temporary barricades. The barricades helped keep the crowd from spilling out onto Meridian Street. Police say the several hundred people in line were for the most part orderly.

“No arrests. Some of the people were upset at first because the line wasn’t moving as fast as they thought it should. But we really haven’t had any problems,” said Major Darryl Pierce, Metro Police.

Eventually people did start getting paid, but some said they were missing hours and told to fill in paperwork making their claim and that eventually they would get a check in the mail.

“Still that’s not right. I’m disappointed. I’m glad for the president, but I’m disappointed in this system,” said Diane Jefferson, temporary campaign worker.

“It should have been $480. It’s $230,” said Imani Sankofa.

“They gave us $10 an hour. So we added it. I added up all the hours so it was supposed to be at least $120. All I get is $90,” said Charles Martin.

“I worked nine hours a day for 4 days and got paid half of what I should have earned,” said Randall Waldon.

Some people weren’t satisfied with filling out a claim form for money they felt was still due to them.

“They say that they gonna call you or they going to mail it to you, but I don’t know. We’ll see what happens,” said Antron Grose.

“Talking about they’ll mail it to us. I ain’t worried about that, man. They’re not going to mail nothin’,” said Martin.

ABC CBS NBC NYT LAT WSJ CNN
MSNBC AP REUTERS AFP POLITCO
FT TIME WASHPOST NEWSWEEK:
CAN THEY ALL BE WRONG?

Yes they can!

They’ve all been wrong before.

For example: If (A) my idea of freedom conflicts with (B) your idea of freedom then (C) neither of us can be free until everyone agrees to be a slave.

The Soviet Union was based on the Hegelian dialectic, as is all Marxist writing.

So let’s see where we can apply this today.

The current financial crises (A) causes all sorts of problems (B) so we want the government to fix it (C).

Government involvement in the market is another in a log line of steps into socialism. And then there is this:

Bush: US will work with partners on credit crisis
Oct 11, 10:07 AM (ET)
By MARTIN CRUTSINGER

In the current crisis, Ireland moved to guarantee all bank deposits, a decision that triggered similar actions in Germany and other nations which were concerned that nervous depositors would move their bank accounts to Ireland.

If this isn’t another step towards a one world government, then color me stupid.

Interesting times ahead. If I didn’t have faith in God, I’d go crazy.

from http://www.sondrak.com/index.php:

New Tax earmarks in Bailout bill
- Film and Television Productions (Sec. 502)
- Wooden Arrows designed for use by children (Sec. 503)
- 6 page package of earmarks for litigants in the 1989 Exxon Valdez incident, Alaska (Sec. 504)

Tax earmark “extenders” in the bailout bill.
- Virgin Island and Puerto Rican Rum (Section 308)
- American Samoa (Sec. 309)
- Mine Rescue Teams (Sec. 310)
- Mine Safety Equipment (Sec. 311)
- Domestic Production Activities in Puerto Rico (Sec. 312)
- Indian Tribes (Sec. 314, 315)
- Railroads (Sec. 316)
- Auto Racing Tracks (317)
- District of Columbia (Sec. 322)
- Wool Research (Sec. 325)

Full text of Senate bill at http://senateconservatives.files.wordpress.com/2008/10/ayo08c32_xml.pdf

String them all up. Tonight. Is there 535 trees in DC?

With the whole financial world and possibly the world economy trembling and cracking like a cement building in an earthquake, Democrats continue to try to fund their friends at ACORN? And, unashamed, they then trot out to the TV cameras to declare “the party is over” for Wall Street (Nancy Pelosi)? The party should be over for the Democrats who brought us to this pass. If Obama wins, it means hiring an arsonist to fight a fire.

And 2 youtube videos that you must watch

http://www.youtube.com/watch?v=_MGT_cSi7Rs

http://www.youtube.com/watch?v=NU6fuFrdCJY

I’m not saying the Republicans deserve a pass here, but when that idiot Pelosi says “the Democrats have no responsibility for this mess”, she’s lying so much it’s amazing that she doesn’t stir up a lightning storm. Either she is totally ignorant of the past, or intentionally deceitful. Either way, she doesn’t need to be speaker of the house. This issue alone should be enough to convince people that we need to change the house and senate —- flush them all and let’s start over.

Fannie Mae Eases Credit To Aid Mortgage Lending
NYT By STEVEN A. HOLMES
Published: September 30, 1999

In a move that could help increase home ownership rates among minorities and low-income consumers, the Fannie Mae Corporation is easing the credit requirements on loans that it will purchase from banks and other lenders.

The action, which will begin as a pilot program involving 24 banks in 15 markets — including the New York metropolitan region — will encourage those banks to extend home mortgages to individuals whose credit is generally not good enough to qualify for conventional loans. Fannie Mae officials say they hope to make it a nationwide program by next spring.

Fannie Mae, the nation’s biggest underwriter of home mortgages, has been under increasing pressure from the Clinton Administration to expand mortgage loans among low and moderate income people and felt pressure from stock holders to maintain its phenomenal growth in profits.

In addition, banks, thrift institutions and mortgage companies have been pressing Fannie Mae to help them make more loans to so-called subprime borrowers. These borrowers whose incomes, credit ratings and savings are not good enough to qualify for conventional loans, can only get loans from finance companies that charge much higher interest rates — anywhere from three to four percentage points higher than conventional loans.

”Fannie Mae has expanded home ownership for millions of families in the 1990’s by reducing down payment requirements,” said Franklin D. Raines, Fannie Mae’s chairman (now an Obama advisor) and chief executive officer. ”Yet there remain too many borrowers whose credit is just a notch below what our underwriting has required who have been relegated to paying significantly higher mortgage rates in the so-called subprime market.”

Demographic information on these borrowers is sketchy. But at least one study indicates that 18 percent of the loans in the subprime market went to black borrowers, compared to 5 per cent of loans in the conventional loan market.

In moving, even tentatively, into this new area of lending, Fannie Mae is taking on significantly more risk, which may not pose any difficulties during flush economic times. But the government-subsidized corporation may run into trouble in an economic downturn, prompting a government rescue similar to that of the savings and loan industry in the 1980’s.

”From the perspective of many people, including me, this is another thrift industry growing up around us,” said Peter Wallison a resident fellow at the American Enterprise Institute. ”If they fail, the government will have to step up and bail them out the way it stepped up and bailed out the thrift industry.”

Under Fannie Mae’s pilot program, consumers who qualify can secure a mortgage with an interest rate one percentage point above that of a conventional, 30-year fixed rate mortgage of less than $240,000 — a rate that currently averages about 7.76 per cent. If the borrower makes his or her monthly payments on time for two years, the one percentage point premium is dropped.

Fannie Mae, the nation’s biggest underwriter of home mortgages, does not lend money directly to consumers. Instead, it purchases loans that banks make on what is called the secondary market. By expanding the type of loans that it will buy, Fannie Mae is hoping to spur banks to make more loans to people with less-than-stellar credit ratings.

Fannie Mae officials stress that the new mortgages will be extended to all potential borrowers who can qualify for a mortgage. But they add that the move is intended in part to increase the number of minority and low income home owners who tend to have worse credit ratings than non-Hispanic whites.

Home ownership has, in fact, exploded among minorities during the economic boom of the 1990’s. The number of mortgages extended to Hispanic applicants jumped by 87.2 per cent from 1993 to 1998, according to Harvard University’s Joint Center for Housing Studies. During that same period the number of African Americans who got mortgages to buy a home increased by 71.9 per cent and the number of Asian Americans by 46.3 per cent.

In contrast, the number of non-Hispanic whites who received loans for homes increased by 31.2 per cent.

Despite these gains, home ownership rates for minorities continue to lag behind non-Hispanic whites, in part because blacks and Hispanics in particular tend to have on average worse credit ratings.

In July, the Department of Housing and Urban Development proposed that by the year 2001, 50 percent of Fannie Mae’s and Freddie Mac’s portfolio be made up of loans to low and moderate-income borrowers. Last year, 44 percent of the loans Fannie Mae purchased were from these groups.

The change in policy also comes at the same time that HUD is investigating allegations of racial discrimination in the automated underwriting systems used by Fannie Mae and Freddie Mac to determine the credit-worthiness of credit applicants.
(Via Ace)

Prosecution rests.

http://texasdarlin.wordpress.com/2008/09/01/palin-obama-comparison-chart/

I think the Republicans have the wrong person at the top of the ticket…