Bush says he's working hard on economic turmoil

quote:

California home sales surge as prices plummet
Sep 18 07:19 PM US/Eastern
By JACOB ADELMAN

LOS ANGELES (AP) - Home sales in California surged 13.6 percent in August as a flood of foreclosures drove down prices.



The figures released Thursday by MDA DataQuick showed 37,988 new and preowned homes were sold statewide last month, up 13.6 percent from August 2007 but down 3.8 percent from July.

The firm said 46.9 percent of all homes sold last month were foreclosed properties.

That helped send the statewide median home price plunging 35.3 percent to $301,000 during the year ended in August.

http://www.breitbart.com/article.php?id=D939E5SO0&show_article=1

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Stocks surge on report of entity for bad debt
Thursday September 18, 9:31 pm ET

(Its still a bear market if it's bullish by election add another few nails in Barry's coffin, BB1)

By Tim Paradis, AP Business Writer
Stocks end sharply higher on report that government will create entity to hold banks' debt

http://biz.yahoo.com/ap/080918/wall_street.html?.v=44

I'm looking to make some money today as the market opens in about an hour & a half.

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Never Sell America Short [Barry, Michelle & your socialist bomb throwing crew]
By Larry Kudlow

We can fix this. If nothing else, that’s the message I hope readers take away from this column. Of course, the “this” is the run on the world banking system. Stock markets have plunged globally, gold prices have shot up, and U.S. Treasury-bill rates have plummeted to 10 basis points, the lowest since the 1950s.



We’re witnessing a desperate flight to safety by investors. Folks are running away from financial assets and financial institutions simply because confidence has disappeared.

This week, Treasury secretary Hank Paulson said “no” to a government bailout of Lehman. Paulson and Ben Bernanke then took over AIG with an $85 billion bailout, with the Treasury issuing roughly $100 billion in new T-bills so the Fed has the cash to resuscitate AIG.

http://www.realclearmarkets.com/articles/2008/09/never_sell_america_short.html

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How to Cure This Sick System
Steve Forbes 09.11.08, 6:00 PM ET
Forbes Magazine dated October 06, 2008

Not even during the Great Depression did we witness what is now unfolding--a sizable number of big financial institutions going under. What enabled their taking on so much debt and so many questionable assets was, primarily, the easy-money policy of the Federal Reserve. Chairmen Alan Greenspan and Ben Bernanke created massive amounts of excess liquidity. If the dollar had been kept stable relative to gold, as it was between the end of WWII and the late 1960s, the scale of the bingeing in recent years would have been impossible.

The first prescription for a cure is to formally strengthen the dollar and announce it publicly. A year ago August the price of gold was more than $650 per ounce. In late 2003 it had breached $400. The Fed should declare that its goal for gold is around $500 to $550. That would stabilize the buck--and stability is essential if animal spirits and risk taking are to revive.

Also of immediate urgency is for regulators to suspend any mark-to-market rules for long-term assets. Short-term assets should not be given arbitrary values unless there are actual losses. The mark-to-market mania of regulators and accountants is utterly destructive. It is like fighting a fire with gasoline.

http://www.forbes.com/opinions/forbes/2008/1006/017.html

FTSE 100 surges most in history as banking shares race higher

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Congress Promises Quick Action on Bailout Package
‘Detox for banks,’ analyst says
Friday, September 19, 2008
By Jeannine Aversa and Julie Hirschfeld Davis, Associated Press



Washington (AP) - Congress promised quick action on a plan to buy up toxic assets, such as bad mortgages, held by troubled banks and other institutions, hoping to lift the nation out of its worst financial crisis in decades.

Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben Bernanke are crafting a plan, which they plan to soon deliver to lawmakers, after concluding they need broader powers to combat fallout from a housing and credit market meltdown that has sent shock waves through Wall Street and around the globe.

Congressional leaders said they expected to get the plan Friday and act on it before Congress recesses for the election.

http://www.cnsnews.com/public/content/article.aspx?RsrcID=35998

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McCain: Obama Will Lead U.S. to Another ‘Great Depression’

Friday, September 19, 2008 1:54 PM

By: Rick Pedraza Article Font Size

Speaking to a throng of supporters Thursday night in Green Bay, Wis., Republican presidential candidate John McCain lashed out at Democratic rival Barack Obama, saying Obama’s economic policies would lead to economic ills in the United States not seen since the Great Depression of the late 1920s and early ‘30s.



“A vote for me will guarantee that the forces that have brought down our economy will be out of business,” McCain told the crowd. “I will end the corrupt practices on Wall Street and backroom deals in Washington DC. I will hold accountable those responsible for the oversight and protection of consumers, taxpayers and homeowners” he said, adding that “a vote for Sen. Obama will leave this country at risk during one of the most severe challenges to America’s economy since the Great Depression, and that’s straight talk, my friends.”

[Editor's Note: Read “Excerpts From McCain's Speech on the Economy” — Go Here Now].

McCain added: “And that’s how we see this election, country first or Obama first,” he said to repeated chants of “Country First, Country First” from the crowd.

http://www.newsmax.com/headlines/obama_great_depression/2008/09/19/132523.html

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Late Night with Conan O'Brien

Due to the current crisis on Wall Street, President Bush announced just a few hours ago that he’s canceled a trip to Alabama. Bush said, “Under the circumstances, I didn’t think it was right to leave the country.”

This Sunday, the entire hour of “60 Minutes” will be devoted to Barack Obama and John McCain. Apparently, Barack Obama will be interviewed, and John McCain will fill in for Andy Rooney.

Earlier this week in Colorado, Barack Obama gave a speech in the middle of a rodeo ring. Obama began his speech at the rodeo by saying, “Hello — I am what is known as a black guy.”

The Late Late Show with Craig Ferguson

The Dow’s going bananas . . . it’s going up one day, down the next — it’s like Sarah Palin’s hair.

Computer hackers broke into Sarah Palin’s e-mail. They posted her mail on the Internet. It’s disgraceful. I urge everyone not to read Gov. Palin’s emails — especially any drooling, adolescent love-letters from someone known as Craig from CBS.com.

Tough blow for Barack Obama. Yesterday, a key Democratic fundraiser switched sides. She said Obama was too elitist. She is none other than Lady Lynn Forest de Rothschild. She’s worth a gazillion dollars. That’s it Obama — you’ve lost the people’s vote.

She’s a lawyer as well. Is it wise to be hanging around Republicans after what Cheney did to his lawyer?

Jimmy Kimmel Live!

Finally some good news this week: The chairman of the Fed called for a do-over. We’re just going to start the week over.

The government had to bail out two huge companies, and today they strongly hinted that they’d bail out others . . . at taxpayers’ expense of course. It’s all part of a new approach that leaders in the White House and Congress are taking — it’s called socialism.

The president briefly came out of hiding today to say that he shares the public’s concerns.

A hacker hacked into Sarah Palin’s e-mail by breaking her password, which turned out to be Bible, hockey, lipstick, gun.

The Tonight Show with Jay Leno

The stock market was up 400 points today, or as the Democrats call it — terrible news.

Barack Obama said again today that he wants to raise taxes on the rich — that’s provided by November anyone is still rich.

That seems to be the theme: In a speech today, Joe Biden said that paying higher taxes is patriotic. The Republican strategy on Joe Biden? Let him keep talking.

The Democratic-controlled Congress said they are going to adjourn for the rest of the year. They said regarding the financial crisis, no one knows what to do. Well, that’s a ringing endorsement to re-elect them — “You’re on your own! We’re leaving.”

http://www.newsmax.com/jokes/

I'm BROOKLYNSBLESSED1 & I approve of this blog
I'll be around until 4pm, market close time..and will update all market & general stories...expecting a great market...I already see early that I could make $1000 at least but am tempted to hold on to BEN (the symbol) until Mon. or it moves to $112 a share or thereabouts.
I'll also post some of my fave stock websites later today/tonight.



Attachment (1)

< Message edited by brooklynsblessed1 -- 9/20/2008 12:15:54 PM >

quote:

Obama, McCain to attend economic bailout talks
Email this Story

Sep 25, 6:00 AM (ET)

By LIZ SIDOTI


WASHINGTON (AP) - John McCain and Barack Obama say presidential politics should have no role in the government's efforts to save the crippled financial system. Yet, each is playing his own politics toward the same goals - showing leadership during crisis, getting credit for any solutions, and, ultimately, winning the presidency.

The latest example: a debate over whether the candidates should debate Friday.

McCain called for his Democratic rival to agree to a postponement until Congress agrees on a $700 billion government plan to rescue banks from enormous debt, saying, "We are running out of time."

Obama rebuffed his GOP rival, saying the next president needs to "deal with more than one thing at once."

I don't get it..I am on disabilty (likely let's pray non-permanent)...Divorced & just today put $300, into my usual mo. savings...give about 20%/my regular to charity..& in a bad market met all my monthly stock goals..as a matter of fact to cover the covered already all of 08'whole yr.So for rest of Sept..then Oct, Nov.& Dec..am studying stocks..... that if I buy 1000 shares I can come out w/ a 2-5K profit.



None of my relatives, they almost all own homes/ome paid off are behind in any payments...

The key to my personal success is tithing.

quote:


Bailout deal breaks down; Bernanke back to Capitol

WASHINGTON (AP) - Urgent efforts to lash together a $700 billion rescue plan for the national economy broke apart Thursday night, hours after key lawmakers had declared they had reached a deal.



Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben Bernanke sped to Capitol Hill to try to revive or rework the proposal that the administration says must be quickly approved by Congress to stave off economic disaster.

Congressional leaders were to meet with the economic chiefs into the night.

http://www.breitbart.com/article.php?id=D93E28NG0&show_article=1

quote:

Pelosi says bailout plan has to pass

WASHINGTON (Reuters) - House Speaker Nancy Pelosi said on Friday a plan to rescue U.S. financial institutions "has to happen," but final agreement is up to conservative Republicans who revolted against the plan being negotiated between Congress and the Treasury Department.



"It will happen because it has to happen," Pelosi, a California Democrat, said in an interview with ABC's "Good Morning America." "I would hope that we could come to agreement in the next 24 hours."

But she added that a deal would be up to House Republicans who balked at the $700 billion package being negotiated by congressional leaders and Treasury Secretary Henry Paulson and who have given no sign that they will support it.

http://www.reuters.com/article/newsOne/idUSTRE48P3Y220080926

quote:

Abortions among minors drop when parents involved in decision
Charlie Butts - OneNewsNow - 9/25/2008 10:25:00 AMBookmark and Share

The Family Research Council has released a new study on successful abortion reduction legislation. According to the study, those pieces of legislation involve parents in the decision process.



The study, conducted by Dr. Michael New of the University of Alabama, deals with parental consent or notification abortion laws. "Pro-life parental involvement laws are effective at reducing the number of minors that get abortions," he emphasizes.


"Secondly, the stronger laws have even greater effect," New continues. "...[T]hose parental involvement laws that require parental consent instead of just notification...reduce abortion rates even more. And those laws that require the involvement of two parents get abortion numbers down even further."

http://www.onenewsnow.com/Politics/Default.aspx?id=264542

quote:

Late Show Top Ten

Top Ten Questions People Are Asking the John McCain Campaign

4. "What would Matlock do?"

3. "Hillary here — my schedule is free Friday night"

1. "This is President Bush — what's all this trouble with the economy?"

The Late Late Show with Craig Ferguson

John McCain has suspended his presidential campaign. He also wanted to cancel Friday’s debate with Barack Obama because of the financial crisis. Obama said, “Well, I’ll have the debate anyway. It will be easier without McCain there.”

He also canceled an interview with David Letterman, but then he did an interview with Katie Couric at the same time he was supposed to be on Letterman. He said that he was in a rush to get back to Washington, but apparently he had time for a game of softball with Katie before he left.

If you cross David Letterman, you cross me. If you cross me, you cross David Letterman. You may have to explain to Letterman who I am, but . . .

You can't just suspend a democratic process because we are facing problems. At what point do you then think that maybe you should suspend the election? People have done that before . . . Castro . . . Napolean . . .

The Tonight Show with Jay Leno

John McCain wants to postpone Friday’s presidential debate. And, he has temporarily suspended his campaign . . . until he’s ahead in the polls.

Right after he announced that, Sarah Palin said, “That’s OK — I don’t really need him, anyway.”

Today, Barack Obama told Joe Biden to be less like Sarah Palin: “Stop talking to the press!”

Yesterday at the U.N., Mahmoud I’m-a-nutjob blamed the United States for the collapse of the global markets. Well, that just goes to show you . . . in a crisis, you really find out who your friends are.

http://www.newsmax.com/jokes/

Matthews Mad Obama Agreed So Much With McCain

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Liberal Media’s Debate Spin: No Winner, So Obama Won

By Rich Noyes (Bio | Archive)
September 27, 2008 - 12:22 ET
Watching Saturday’s network morning shows, the talking heads seemed to agree that Friday night’s debate did not produce “a clear winner” or any “knockout punch,” and that it was unlikely that any “needle was moved” among undecided voters. Yet those same networks tried to also argue that Obama had really won the debate, superficially suggesting that McCain’s “disdainful” body language poorly contrasted with the “warm” and “deferential” Obama.

On style, “Barack Obama did a much better job,” ABC contributor Matthew Dowd asserted. NBC’s Chuck Todd insisted that “McCain barely could look at Obama, was disdainful at times, almost annoyed that he was having to share the same stage....Here was Obama being deferential, and here is McCain being disdainful.”
Story Continues Below Ad ↓

Friday night on CNN, a snap poll of 524 adults who watched the debate suggested more thought Obama had won, by a 51% to 38% margin. But CNN correspondent John King cautioned that the poll was heavy with Democratic viewers: “Looking at our poll...the audience watching has a higher percentage of Democrats than the country as a whole.”

http://newsbusters.org/blogs/rich-noyes/2008/09/27/liberal-media-s-debate-spin-no-winner-so-obama-won

The Mac is back

quote:

Israel asked US for green light to bomb nuclear sites in Iran
US president told Israeli prime minister he would not back attack on Iran, senior European diplomatic sources tell Guardian

http://www.guardian.co.uk/world/2008/sep/25/iran.israelandthepalestinians1

quote:

Virginia troopers resign over no-Jesus prayer policy
By Michelle Malkin • September 25, 2008 10:08 PM

Six Virginia troopers who serve as chaplains stepped down from their jobs to protest a policy banning references to Jesus Christ in public prayers.

The policy is supported by Democrat Va. Gov. Tim Kaine.

Via CBN:

“There were several of us who felt that because of our convictions. about what the Bible says, we couldn’t agree to go along with a generic prayer policy,” said 13-year trooper Rex Carter, who works in Southwest Virginia.

http://michellemalkin.com/2008/09/25/virginia-troopers-resign-over-no-jesus-prayer-policy/

quote:

Praying for Palin
Allie Martin - OneNewsNow - 9/26/2008 12:05:00 PMBookmark and Share

An advertising executive from Texas has launched a website encouraging Christians to pray for Republican vice-presidential nominee Sarah Palin.


God bless McCain..Palin, our next leaders!

Vicky Garza runs the Garza Creative Group in Dallas. The businesswoman, mother of five, and grandmother of seven says she got the idea for the website the day Governor Palin made her acceptance speech. Within two weeks, PrayForSarahPalin.com was online, with a goal of having someone from every zip code in the nation participate.Sarah Palin

"Everyone right now can see what a spiritual battle is [lingering] over the United States of America [at] this time, specifically that we're going through the election process," she explains. "I really set this up so it could be a ministry tool, so when someone comes up to people and starts talking about the elections, they can call people to pray."

http://www.onenewsnow.com/Politics/Default.aspx?id=263534

< Message edited by brooklynsblessed1 -- 9/27/2008 9:21:20 PM >

_____________________________

BROOKLYN'S BLURBS..Check Us Out W/ Your Morning Joe..& Before You Say Your Prayers @ Night:

O To Rule By Ex. Order/Biden Booed @ Eagles Game!

quote:

Another Weatherman terrorist a player in Obama campaign
Communists, socialists, anarchists also part of political organization

JERUSALEM – One of the main founders of the Weathermen terrorist organization is a signatory to an independent organization acting to ensure the election of Sen. Barack Obama, WND has learned.



The group in question, Progressives for Obama, also includes among its ranks many former members of the 1960s radical organization Students for a Democratic Society, from which the Weathermen splintered, as well as current and former members of other radical organizations, such as the Communist Party USA and the Black Radical Congress.

In its creed, first published in March in the Nation magazine, the Progressives for Obama founders state their organization descended from the "proud tradition of independent social movements that have made America a more just and democratic country."

For story & pic of DIRTBAG: http://www.worldnetdaily.com/index.php?fa=PAGE.view&pageId=76234

quote:

Controversial pastor shuts down his church
Associated Press - 9/28/2008 3:00:00 AMBookmark and Share

TULSA, Okla. - A once prominent leader in the charismatic movement has been forced to shut down his church in the wake of a radical change in his theological beliefs.

Eight years ago, Bishop Carlton Pearson's Higher Dimensions Church had about 6,000 members. He served as a guest host on the Trinity Broadcasting Network, was a member of the Oral Roberts University board of trustees, and was among group of black religious leaders who advised President-elect George W. Bush after the 2000 election.
But Pearson then began preaching that everyone goes to heaven, a theology he calls "the gospel of inclusion."[THE SAME ERROR THAT BARRY MAKES, IE HIS GRANDMOTHER WAS A "NICE" WOMAN...SO IN ERROR HE SAYS GRANNY MUST BE IN HEAVEN!] Not long after, evangelical leaders rejected Pearson, the membership in his church fell to a few hundred, and the church's property was lost in foreclosure.
Its few remaining members have now been merged into a Unitarian congregation.

http://www.onenewsnow.com/Church/Default.aspx?id=265844

The Unatarians are not real Christians either; my ex wife & I (non believers)married in their Middletown, NJ church...God was never mentioned..& my ex & I got to write the vows..my wife included The Prophet by Kahlil Gibran...



Some of the untraditional included my step daughter taking a vow to to accept me as her dad; everyone, family, friends signed our marriage certificate,my friends many musicians got to perform w/ one of my closest singing FOREVER YOUNG...and giving me a plaque w/ the words.

Fun yes, but God was banned

quote:

Offering Christians moral investing help
Allie Martin - OneNewsNow - 8/19/2008 5:00:00 AMBookmark and Share

A website has been launched that will help Christians become responsible investors.



MoralMoney.com was developed to teach investment stewardship to Christians because, according to company President Mark Minnella, Jr., too many Christians support companies that contribute to the advancement of anti-Christian lifestyles.

"I like to tell people, you wouldn't want your church buying an abortion clinic to make money to give to the poor. The idea is appalling," he argues. "But the church is the people, not the building. And using the money that God's entrusted to you to buy a company that supports abortion or pornography just to make a profit, even for the best intentions -- whether it's for retirement or just to support your family -- is right along the same lines," says Minnella.

http://www.onenewsnow.com/Business/

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Congress Set to Pass Financial Rescue Package

Sunday, September 28, 2008 1:00

WASHINGTON -- Key lawmakers who struck a post-midnight deal on a $700 billion bailout for the financial industry predicted Sunday it would pass Congress, putting in place the largest government intervention in markets since the Great Depression.



Negotiators sought to iron out the final shape of the legislation and it still had to be reviewed by House Republicans, whose fierce opposition to a federal rescue nearly torpedoed an emerging bipartisan pact late in the week.

But officials in both parties were hopeful for a House vote Monday, and the two presidential candidates said they probably would support it.

http://moneynews.newsmax.com/companies/financial_meltdown/2008/09/28/135233.html