Tuesday, February 17, 2009

JoshuaPundit's Headlines, 2/17/09

All the links you need and nothing you don't... make sure to check back for updates.

Ramos and Compean freed from federal prison Definitely a bit of good news.

Bill Press: The Fairness Doctrine Will Let Me 'Make Money' - Yes...if you're a boring Leftist shill like Press the only way to keep poluting the airwaves is at PBS or by having government legislate away the competition and jam.it.down.people's.throats.

Burris now acknowledges fundraising effort for Blagojevich — What a surprise! Let's see if the Senate doesw anything about it...my bet is they won't.

President Obama's 2,000-point tumble — Michelle Malkin has the goods on how the market has reacted to Hope n'Change. On November 4th, after Barack Obama was elected, the market closed at 9,625.28. Today, as the current occupant of the White House signs his massive raid on the US Treasury into law , the Dow has dropped to to 7,606.53.

CHRYSLER asks govt for $5B more in loans - First GM, now Chrysler..

Washington Post:A Truth Commission? — The Danger in Democrats' Rush to Investigate - The WAPO sudenly realizes that show trials on the Bush Administration might not be a good idea.

CNN:After stimulus, Obama looks to mortgage rescue - the gist of Obama's plan is to throw $150 billion of your money into the breach to 'modify' mortgage contracts and lower payments to 31-38% of the borrower's gross income. Aside from screwing over the investors who buy home loans on the secondary market so that the actual supply of loans will tighten even if you have good credit, $150 billion is a drop in the bucket to make a policy like this fair across the board. Will you have to swear a loyalty oath to Obama before you're eligible?

I would add that the classic Fannie/Freddie underwriting guideline before the CRA and the Democrats 'modified ' it for political purposes was 33 over 38...33% of your gross income for housing, 38% of your gross income as total debt including housing. As you can see, those ratios were trashed a long time ago...an dmost of the people who are going to be bailed out by this stuff shouldn't have gotten home loans to begin with.

Will Obama's Stimulus Live Up to Its Name? - Rich Lowry, National Review

U.S. Senate to Vote on D.C. House Seat - UPI

Obama OKs 17,000 more troops for Afghanistan...

British Muslims on trial over 'airliner bomb plot'...

US-Somali youth join Jihad in Somalia

With Shahar Peer Barred, Tennis Channel Won’t Show Dubai Event. - The Tennis Channel has decide it will not televise the Barclays Dubai Tennis Championships this week to protest the United Arab Emirates’ refusal to grant an entry visa to the Israeli player Shahar Peer. Well done, I say.

France's role in Holocaust legally recognized

Assad to US: Don't bet on new Israeli government Basher Assad wants to make his own deal with Obama.

Report: Hamas stole 7 tons of unexploded ordnance - And the UN's not happy about it.

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