Rathke (co-Founder of ACORN) has repeatedly blasted the news media and conservative groups for intentionally targeting ACORN because of its progressive agenda. In a posting on his “Chief Organizer Blog,” Rathke said the Census Bureau’s decision to break ties with ACORN showed “how willing the Obama administration is open to a cave-in to the conservatives on false pretenses on a completely fake ‘issue.’”

via Big Government

Ha ha ha.  These people are as nutty as their name.  It’s funny.   I like how their tormentors keep releasing video’s it’s kind of funny too. Moral relativists trying to say what conservatives are doing to them is wrong.  SO FUNNY!!!  (Moral relativists saying something is wrong, ha ha ha).   And to think of the millions of tax dollars these people have gotten to0.  American’s have been fools for giving up our money to go to causes like these.  These are some sick people here…

Arnold Kling makes a pretty good summary of the speech here.

Medicare spending will never be brought under control under his watch. And if Medicare spending is not brought under control, then he certainly will not be the last President to have to address health care reform.

Basically, it was a “Win one for the Gipper” (in this case, Ted Kennedy) speech. Intellectually, it amounted to a vacuous claim that health reform will be a free lunch, because we’ll get rid of all the waste, fraud, and abuse.

via What’s Wrong with Obama’s Health Care Speech – The Atlantic Business Channel.

Blah blah let’s just start this revolution and get the darn thing over with…

The report said that a $5.4 billion portion of the $10.5 billion owed by Chrysler is “highly unlikely” to be repaid, while full recovery of the $50 billion sunk into GM would require the company’s stock to reach unprecedented heights.

via U.S. ‘Unlikely’ to Recoup Auto Outlay, Panel Finds – washingtonpost.com.

Like…DUH! I said this back as soon as it happened.  Obama said he would get a 19,000%+ return on his funds (in five years).  As an expert investor myself who knows how to get above average returns I knew that Obama was lying through his teeth and called him on it here.  Foolishness and more foolishness from those that believed the auto bailout was a good thing!  I wonder how much more money will be sunk here when GM is unable to recover even from with the $50 billion?  It’s no surprise when the government spends money usually bad things happen.

Gird your loins. The signs are growing that there’s a new Wall Street gold rush under way—for those complex bundles of mortgage loans that fueled banks’ profits between 2005 and 2007. This year, prices for mortgage-backed securities are rocketing as federal stimulus dollars flood the market. But the difference with this “boom” is the center of gravity has shifted: from giddy, cowboy bankers to the Federal Reserve. The Fed is so eager to save banks, create a demand for these securities, and stabilize the housing market that it’s taking troubled loans and mortgages onto its own books. The problem is the Fed may be in well over its head.

- CNBC.com – The Next Credit Bubble is Now

Deliquencies expand to 9.24% while mortgage securities increase this year by 40%?  Can anybody say, “Stupid!”  But that is the government we elected that can run up the price of a worthless asset!  What did we expect?

Remember Democrats AND Republicans are doing this in DC. This is truly bipartisan action in Washington DC.