Hussein Obama’s failures:

Obama is a tyrant and a racist, and he has the entire state run media behind him. Fox news doesn’t begin to counter balance the power that Hussein Obama has as a result of the ABC, NBC, CBS and CNN conspiracy of destroying America and what it stands for. They fawn all over him and cove up all his corruption. None of these networks are even mentioning the story of the fired Inspector general who dared expose the fraud of one of Hussein Obama’s cronies Kevin Johnson in Sacramento.
They will not report on any of the failures listed below:

Stimulus package: In April, personal household, inflation-adjusted income rose by $122 billion. Of that increase, one-third or $44 billion came from the government’s stimulus program. But while personal income was rising, household savings (which includes paying down credit card balances, mortgages, student loans, car loans, etc) rose by $132 billion — $10 billion more than the rise in income. So personal consumption dropped 0.1%.

The stimulus package was a total and complete failure. As predicted, as happened with Bush’s 2008 tax cut, as happened with the Japanese stimulus packages of the 90s, fearful consumers sat on their money and wouldn’t spend it. Keynesian economics didn’t work. Again.

But the debt sure piled up. The deficit quadrupled and is sending interest rates soaring as the government elbows aside businesses and consumers at the loan window, all in a desperate effort to borrow enough money to spend enough money to stimulate the economy which isn’t happening.
Mortgage relief: The data for April and May prove that Obama’s plan to rescue those facing mortgage foreclosure is a dismal failure. Since this issue was the cornerstone of his economic program during the campaign, its abject failure is a significant setback for the Administration’s economic plan.
In the month ending on May 26th, 464,983 foreclosures of subprime and Alt-A mortgages (out of a universe of 3.2 million studied). So 15% of all subprime mortgages were foreclosed in May! Only 19,041 — a paltry 6% — were modified during this period. And of those modified, only 11,200 involved any reduction in the monthly payments! Only 12% involved any write-off of interest, fees, or principal and 27% of the loan modifications actually increased the monthly payments due.
Alan M. White of the Valparaiso Law School, who conducted the study, noted that the data showed that “the Administration’s plan to stimulate mortgage modifications does not seen to have had much effect yet, at least in this market segment” [i.e. subprimes].
And the trend lines are all bad:
• The number of loan modifications dropped 11% from April to May.
• The ratio of foreclosure losses to modification write downs (the amount lost in foreclosure: the amount rescued by write-downs) doubled in the past month. For every dollar saved in modifications, $150 was lost in foreclosure.
When Obama launched his mortgage rescue plan, he promised that it would help five million households. So far, he is about 4,969,000 short of his goal!!
When will the subprime foreclosures stop? In about a year when all of these unfortunate people have lost their homes!
Why is Obama’s plan falling so far short of the mark? The fault is its own restrictions. You cannot get a loan modification if:
• You have lost your job
• You owe more than 5% above what your house is worth
• You are already in default
• You have not yet missed at least one payment
• Your lender does not want to participate
• Your mortgage is not one of the half of all mortgages insured or owned by Fannie Mae or Freddie Mac
• The reworked mortgage payment would come to more than 31% of your income
• Your mortgage is over $759,000
• The home is not your primary residence
The number of beleaguered homeowners who can slip through the eye of this particular needle and qualify for a mortgage modification is tiny.
And yet there is an easy remedy at hand. Obama should simply say, as they did in Sweden, that the government will simply buy the distressed mortgages from the banks and adjust the payments to make them possible for the homeowners. Then, when the economy comes back, the homeowners could either pay back the government what they owe for the postponed payments or sell the house and repay the feds from the proceeds. If they won’t do either, the feds could then seize the house and get their money back. Cost to the taxpayers: zero. In f act, they would likely make a profit.
Why won’t Obama do this? It’s because a Democratic administration cannot throw people out of their homes. Better to let them default and make the big, bad bank do the dirty work.
All these facts underscore how cynical was Obama’s campaign in predicating so much of its economic message on an appeal to help those facing foreclosure. You don’t hear Obama talk about foreclosures any more do you? That’s because he knows he has no solution and that he won’t offer any.
Foreign Policy:
North Korea: As if that wasn’t enough – he shows his disdain for America and reveals his racist beliefs everywhere he goes. His appeasement tactics, his desire to be loved by the communist and Muslim world has led North Korea to take an aggressive stance that they would never have done under Bush.

Iran: He has betrayed the values of democracy by leaving the opposition – pro democrats – in Iran out in the cold they want some word of support from the U.S.

And what do they hear from the president of the United States? Silence. Then, worse. Three days in, the president makes clear his policy: continued “dialogue” with their clerical masters.

Dialogue with a regime that is breaking heads, shooting demonstrators, expelling journalists, arresting activists. Engagement with — which inevitably confers legitimacy upon — leaders elected in a process that begins as a sham (only four handpicked candidates permitted out of 476) and ends in overt rigging.

Then, after treating this popular revolution as an inconvenience to the real business of Obama-Khamenei negotiations, the president speaks favorably of “some initial reaction from the Supreme Leader that indicates he understands the Iranian people have deep concerns about the election.”

Where to begin? “Supreme Leader”? Note the abject solicitousness with which the American president confers upon a clerical dictator who, is brutal to his own people.

Hussein Obama is a filthy racist that is supported by a racist state run media. This is the natural consequence of giving racists any rights. It is and always has been a fact that the blacks and Latinos are the true racists full of self righteous victimization. You now have a racist in the White House who is aglow in his arrogance – - a racist sexist woman going to the Supreme Court. It’s no one’s fault but our own for pandering to the liberals and putting them in a position of power. They don’t understand the constitution, they don’t understand law, they don’t understand America. They understand one thing. Themselves and furthering their own agenda. Obama hates America and declares it to the world, Sotomayor hates white people and shamelessly declares it to the world; and the state run media continue to fawn over these racist creatures and celebrate them. Until we stop being ashamed of who we are and what we are and call Obama the racist that he is we will never win back this country.

Damajah… Keep drinking the kool-aid fool!!! Maybe one day you’ll REALLY believe all the lies of the “Chosen One”. Anyone, of any race, creed or color can be a racist.. Did you forget that Obama was a disciple of the Rev. Wright before it was politically incorrect to do so? You’re gonna tell me he sat there during those ’sermons’ for 20+ years and called the man an advisor and personal friend and didn’t share the same views??? Dream on.. Any conservative or white candidate who was associated with such a controversial hate-monger would never have gotten through the primaries..Let alone be considered for the highest office in the land! And the liberal media ignored it and many other shady characters in his past.. Why do you liberals believe FOX news is all lies but believe every word that is spoken by the VAST majority of the ultra-liberal media?? Simply because you agree with them? Doesn’t make it true…. And all this “inherited” BS is getting old.. When is He going to take some responsibility for himself? By your reasoning..Bush “inherited” the AlQaida problem from Clinton right? So 9/11 and all the financial ruin that followed was Clinton’s fault, right? You can’t have it both ways… The fact that Clinton ‘warned’ Bush is a joke!! It’s like saying.. “I left a time-bomb hidden in the Whitehouse but I didn’t do anything about it!!”–”Good Luck!” Obama will soon have to answer for all the disasters He’s creating right now…