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Obama slashes mortgage insurance premiums for subprime borrowers

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While government sanctioned propagandists and NeverTrumpers such as John McCain collude against President-elect, Donald J. Trump in what is fast becoming our second era of McCarthyism, Barack Obama, that sneaky mountain of horse manure is setting bonfires everywhere.

Bunkerville

subprime-mortgage

With just ten days to go, Obama adds a little time bomb into the housing market. It’s as if we have learned nothing about the housing bubble and subprime borrowers. In case anyone may have forgotten what this election was about and why we may have dodged a bullet, I give you this story.

What do you do when a quick rise in mortgage rates suddenly threatens to tame home buying demand from subprime borrowers who, despite the lessons from the past, are still purchasing homes, en masse, with only 3.5% down payments and just enough monthly cash flow to cover mortgage payments?  Well, if you’re the Obama administration then you simply socialize the problem and force those higher mortgage costs on taxpayers.  Anything less would just be a hateful attempt to deny minority and low-income citizens their “right” to home ownership[…]

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President-elect Donald J. Trump’s first press conference

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President-elect, Donald J. Trump in a rather feisty press conference, the first since the 2016 presidential election, took on fake news and questionable activities by U. S. intelligence, Progressive media propagandists as well as having his legal counsel on hand, front and center who reported Trump’s “plans to resign all offices and positions in his companies, and place his assets and investments in a trust.”

As we have seen thus far from the president-elect and his transition team, if the Progressive media propaganda machine that has been smearing Republicans for decades believes for one moment that they will be permitted to walk over a Trump presidency/administration, a harsh awakening is forthcoming.

When media propagandists attempted to hit Trump repeatedly on fake Russian news, the president-elect responded, “It’s all fake news. It’s phony stuff. It didn’t happen.”

At one point, the temperature at the press conference shot up about 10 degrees, when an exchange broke out between Trump and member of CNN and/or Buzzfeed who pushed a fake news report that even a 10-year-old would question. Trump fired back.

Moreover, he commended those media outlets more than once who did not run with this latest fake news report.

Fox News

The crux of the press conference, however, was an announcement from his team about his plans for The Trump Organization — which now includes handing control of the global company bearing his name to sons Donald Jr. and Eric Trump, along with chief financial officer Allen Weisselberg.

Trump also plans to resign all offices and positions in his companies, and place his assets and investments in a trust. According to an attorney who spoke at the press conference, daughter Ivanka – whose husband Jared Kushner has accepted a senior adviser job in the White House – will relinquish all management authority as well[…]

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First thing this morning, Trump despatched the following tweets. No wonder he wants to revamp our intelligence agencies.

 

During the press conference, Trump revisited his promise to repeal and replace Obamacare, build the wall and announced his David Shulkin as his choice to run the Veterans Affairs Department. Shulkin, an Obama nominee is currently the Undersecretary of Health.

Below is this morning’s press conference held at Trump Tower in New York City.

 

Cross-posted at Grumpy Opinions.

Oh Joy. A Political Lecture From Meryl Streep At The Golden Globes

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Hollywood elites like Meryl Streep are the reasons that I no longer go to the movies and the reason that I rarely tune into a post-1970 movies.  I prefer the classics and for good reason.  If I  want to know an actors political ideology pre the 1970’s (which I don’t), I have to look it up.

Bookworm Room by Wolf Howling

The Golden Globes were held last night.  Meryl Streep used her time on stage at the ceremony to launch into a political lecture, attacking Trump and condemning the evil, unwashed masses who voted for him.  Not surprisingly, the Democrats and the MSM (but I repeat myself) are wetting themselves in glee.  You can find the text of her speech here.

She begins her speech with a crie de coeur, playing the victim card.  “You, and all of us in this room right now, belong to the most vilified segment of American society.”

Wha — What?!?

You have got to be kidding.

There is no more of a privileged class than those actors and actresses in attendance at this year’s Golden Globe awards ceremony.  They are paid between 6 and 8 figures to read lines written by someone else while playing make believe[…]

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Wow! Magazine – Hot Topics


Senator Ted Cruz’s Remarks at Senator Jeff Sessions Nomination Hearing

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A great job by Senator Ted Cruz pointing out the illegalities of the Obama administration, Eric Holder, Loretta Lynch and fellow Progressives in both Houses who were silent and thereby in compliance.

GOP Not Willing to Part with Obamacare Tax Revenue

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After six years of the Republican Party insisting that it wants to repeal Obamacare but have been able to do so long as Barack Obama remains in the White House, in nine days, Obama will be gone and the door will fly open giving the GOP the path to do what Americans have long waited for, i.e., REPEAL! REPEAL! REPEAL!

According to Americans for Tax Reform:

Doing so will not only repeal a failed law that has resulted in skyrocketing premiums, cancelled healthcare plans, and billions in new, wasteful spending, it will also provide a giant tax cut to middle class Americans.

Obamacare imposed roughly one trillion in higher taxes over ten years, including many that directly hit middle class families. Repealing these taxes will provide much needed relief to the paychecks of families across the country[]

So, what’s the problem?  Like meth addicts (I know strong analogy), the GOP elites who love their pork do not want to give up their sugar meaning the lucrative tax revenue stream generated by Obamacare in excess of half billion dollars in tax hikes that is yet another avenue of bleeding Americans bone dry.

Thus, Obamacare’s taxes and its draconian tax hikes are another reason that Americans are as so adamantly opposed to the legislation.

Published on Jan 9, 2017 by The Daily Sheeple

On this edition of The Daily Sheeple’s “Daily News Brief” Joe Joseph gets into the latest with regards to the “Repeal ObamaCare” movement, or should we say the lack thereof. He also gets into the fact that DHS is taking over control of all critical infrastructure in the US, and he challenges the new movement on college campus’ throughout the US to remove ‘White” philosophers from their respective curricula.

Cross-posted at Wow! Magazine.