Wednesday, August 11, 2010

November's coming part 2

You know it's getting bad for Obama when the Democrats are campaigning against him.

Here's a new campaign add from Representative Joe Donnelly of Texas

Donnelly says: "No one should ever be rewarded for breaking the law," Donnelly says in reference to illegal immigration. "That may not be what the Washington crowd wants. But I don't work for them, I work for you."

You can expect to see more of this as November 2 rolls around.

update: Today's Rasmussen poll is at -22% in Obama's popularity, tying the worst figure Obama has received so far.

Can the Republicans take the Senate?

It’s a hope so audacious that few Republicans will even acknowledge it out
loud: the possibility that the balance of power in the Senate might be up for
grabs in November. The GOP would have to take 10 seats, knocking off virtually
every targeted Democratic incumbent and sweeping the open seats held by both

A new poll conducted for American Crossroads, the independent
conservative group founded by Karl Rove and former Republican National Committee Chairman Ed Gillespie, suggests the 2010 landscape might be just
volatile enough to give Republicans at least a chance at that

Failure of Freddie and Fannie

Although untouched by the Obama's financial reform, Fannie and Freddie remain the biggest threat to another global meltdown in the financial sector.

That there was little or no market discipline is obvious. Contrary to the
deregulation myths, regulation and politics had long since replaced market
discipline in US home mortgage markets. Regulators didn’t just fail systemically
to mitigate excessive risk and leverage, they induced it. This didn’t reflect a
lack of regulatory authority or zeal, as politicians openly encouraged it…..

Fannie Mae and Freddie Mac, no longer serve any essential market purpose.
The excess investor demand for fixed income securities backed by fixed rate
mortgages that fueled their early growth is long gone and now easily met by
Ginnie Mae and Federal Home Loan Bank securities alone, as fixed nominal life
and pension contracts have largely been replaced by performance and indexed
plans. Fannie Mae and Freddie Mac should be unambiguously and expeditiously
liquidated subsequent to implementing an adequate transition plan for mortgage

Voters Strongly Believe Most in Congress Are For Sale

Do we have the finest congress money can buy? Evidently the vast majority of Americans think so.

Voters overwhelmingly believe that most members of Congress are for
sale, and over half think it’s at least somewhat likely that their own
representative has been bought with cash or a campaign contribution.

A new Rasmussen Reports national telephone survey finds that 70% of U.S. voters believe most members of Congress are willing to sell
their vote for cash or a campaign contribution
. That’s a 14-point
increase from three years ago.

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