Fannie and Freddie are at it again | The Daily Caller – Breaking News, Opinion, Research, and Entertainment.

– Fannie Mae and Freddie Mac are dating again. And word has it they’re seeing way too much of each other. Because their Congressional “parents” cannot be totally unaware of what Fannie and Freddie have been up to, individual incumbents in both chambers are either consciously avoiding their personal oversight responsibility—to provide adult supervision—or, may actually condone the various schemes carried out by the two government-controlled mortgage finance companies

In Ohio, Obama vows to ‘never stop fighting’

PAPER: Obama's fortunes set to deteriorate further...
Bernanke under pressure; Faltering support for Fed chief...
Dow Suffers Worst Week SInce Last March...
Obama seen as anti-business by 77% of investors...
Europe welcomes bank plan, won't imitate it...
White House nightmare persists...

RASMUSSEN:
Obama Approval Index: -19
Strongly Approve 24%
Strongly Disapprove 43%
Total Approval 44%

THE DAY HEALTH CARE DIED

Many rank-and-file Democrats said their stunning defeat in this week’s Massachusetts special election — in which Republicans captured the Senate seat held for decades by the late Edward Kennedy — meant it was time to seek more modest health legislation.

It would be “problematic” to persuade House members to approve the Senate measure, Pelosi said, though Democrats haven’t completely ruled out trying to do so. Many of them say the Senate bill does too little to help people afford health coverage.

“In its present form without any changes I don’t think it’s possible to pass the Senate bill in the House,” Pelosi said, adding, “I don’t see the votes for it at this time.”

Any effort to reshape the health legislation could well be a lengthy process — despite Democrats’ desire for a quick election-year pivot to address jobs and the economy, which polls show are the public’s top concern. Lawmakers have already been working on the issue for a year.

“We’re not in a big rush” on health care, Pelosi said. “Pause, reflect.”

Several Democrats said they should refocus the legislation onto popular proposals like barring insurance companies from denying coverage to sick people.

via DRUDGE REPORT 2010®.

WALL ST CHILLED...
MORE JOBS LOST...
Democrats propose $1.9 trillion increase in debt limit...

via Reid: I’m So Totally Stoked My Health Care Reform Bill Will “Save” $127 Billion Over Ten Years, Which Is Less than October’s One Month Deficit.

2074 Pages… And senators will have a full three days to read it before voting.

Hot Air » Blog Archive » Reid: Those tonsil vultures stole my vote.

Reid brought the bill to the floor in an effort to secure the support of doctors groups such as the American Medical Association (AMA) for the future fight over an overhaul of the nation’s healthcare system.

Reid’s gambit, however, backfired, leaving Reid blaming the AMA for failing to secure GOP votes and the AMA retorting that the leader misinterpreted its pledge.

Reid told colleagues that the AMA said it could deliver 27 Republican votes for the legislation, according to two Senate Democratic lawmakers, who spoke on condition of anonymity.

Some Democrats wondered whether it was reasonable to expect that as many as 27 Republicans would support a 10-year freeze in light of the fact that only 17 Senate Republicans voted for a one-year freeze last July. Of that group, only 11 remain in the Senate.

Joe Gandelman has an excellent roundup on this topic

–Ed Morrissey:

Winners take responsibility, while losers look for scapegoats. Last I looked, the AMA doesn’t have any leadership role in the Senate. They don’t “deliver” votes, and it’s not their role anyway. Perhaps a real Senate Majority Leader would have enough pull to count his own votes and make his own case, rather than leave that to a lobbying group and then get shocked, shocked to discover that most Republicans would not allow Reid to play his shell game with $250 billion that should get counted in the full ObamaCare proposal instead of hidden from the CBO.

Besides, let’s not forget that Reid has 60 Democrats in the Senate. Why should the AMA have to deliver any Republican votes? Reid can’t even deliver his own caucus. The cloture vote wasn’t even close at 47-53, which means that a number of Democrats defied Reid and rejected the shell game, too. Reid can sob all he wants about Tonsil Vultures, but the problem is that Reid is pushing legislation so radical and dishonest that he can’t deliver his own caucus.

–McQ:

Vote counting is a tried and true art within legislative bodies and any competent leader would pretty much know what to expect before ever putting a bill or amendment up for a vote. In fact, Reid missed by 27 – just on the Republican side.

Apparently he wasn’t aware of the 13 Democrats who were going to vote against it as well. That’s 40 no votes in a body of 60. That’s a pretty big miss.

Then he whines about things being run by a minority – a game he was more than happy to play when he was the Minority leader.

Harry Reid – incompetent (not that I’m complaining, mind you – just pointing it out), and the opposition’s best friend.

–My DD’s Charles Lemos:

How is it that the nation is being held hostage by a caucus of forty?

Nor is it terribly reassuring that the Majority Leader can’t keep his own caucus in line. A dozen Democrats and one independent crossed party lines and voted with the Republicans on the 53 to 47 roll call. The Democrats who voted against the party leadership were Senators Evan Bayh of Indiana, Kent Conrad of North Dakota, Bryon Dorgan of North Dakota, Jon Tester of Montana, Russ Feingold of Wisconsin, Herb Kohl of Wisconsin Claire McCaskill of Missouri, Bill Nelson of Florida, Mark Warner of Virginia, Jim Webb of Virginia, Robert Byrd of West Virginia and Ron Wyden of Oregon. Independent Joe Lieberman of Connecticut also joined the GOP in defeating the measure.

Still it is more concerning that the Democrats are being outwitted tactically by Senator Mitch McConnell.

This news won’t help the Democrats’ efforts:

Also, career government economists within the Department of Health and Human Services dealt a blow to the House bill Wednesday, releasing a report concluding national health care spending would increase because newly insured people would seek care.

Unlike the analyses produced by the Congressional Budget Office, which looked at the impact of legislation on the federal government alone, the HHS report examined the impact on the national economy. The report complicates President Barack Obama’s pledge to sign a bill only if it slows the rate of health care spending.

After Stimulus: 49 of 50 States Have Fewer Jobs!
*6 Million Jobs Shy of Administrations' Projections...
Obama trying to boost party money, morale...
RNC Beats DNC in Money Race...
Dems lock Republicans out of committee room: 'They don't know how to behave'...
HealthCare Propaganda On Govt. Website?
House Dems Want Medicare for Everyone...
Administration plans big pay cuts at bailout firms...
Salaries of top executives by 90%...

WHITE HOUSE MASTER TO SLASH EXEC PAY

Michelle Malkin » Stimulapalooza: 3.6 Million Jobs Lost is “Quite Positive;” Update: Errors galore.

Gaffes in federal reports this week about stimulus have called into question the government’s ability to accurately track how many jobs are being created by the massive $787 billion Recovery Act.

The data in Thursday’s reports were filled with mistakes, including an error that made it look like a French vaccine maker received the largest stimulus contract, $1.4 billion, when in fact it has gotten an award one-100th the size.

Government research organization OMB Watch said its assessment of the reports revealed many inconsistencies in the job data.

“The data is rife with mistakes,” said Craig Jennings, senior federal fiscal policy analyst at OMB Watch. “When you put out data that hasn’t yet been checked, it undermines transparency, because you are putting out wrong information.”

…A mistake in the very first contract listed on the site prompted doubts about the reliability of the reports.

Recovery.gov erroneously reported Thursday that French vaccine maker Sanofi Pasteur had received $1.4 billion in stimulus funds from the Department of Health and Human Services. The company topped the site’s list titled “Largest federal contracts in U.S.”

When CNNMoney.com first asked about the contract Thursday, a spokeswoman from Sanofi Pasteur suspected the $1.4 billion figure was a mistake. HHS spokeswoman Vicki Rivas-Vazquez said the number on recovery.gov was erroneous and the actual amount was $10.4 million.

Sanofi Pasteur said Friday that $10.4 million is the correct figure.

“We anticipated errors in the reporting and so informed many reporters beforehand,” said Edward Pound, spokesman for the Recovery Board. “This is the first time this kind of reporting is being done. These reports are being reviewed by federal agencies and recipients to catch any errors or problems.”

The Recovery Board has the tall task of compiling all of the data, and is spending $18 million revamping its Web site to manage all of the information.

OMB Watch said its review yielded “really weird job numbers,” including many discrepancies within the reports themselves. For instance, Jennings said OMB Watch found that many companies said in a narrative portion of their reports that it was able to retain several employees because of stimulus funds, but the “jobs created” column read “zero.”

The Recovery Board aggregates its jobs data from the “jobs created” column to display the total number of jobs saved or created. Jennings speculated that recipients might have been confused about the scope of the term “created.”

“I would not stake any sort of claims on those job numbers,” said Jennings. “We don’t know what’s going on there.”

FY 2009 Federal Deficit Terrifyingly Huge

after reading the links within that link, this will make perfect sense:

That’s a little like resuscitating a guy who had a heart attack on the way to his execution. Yeah, he’s alive but for how much longer?

When confronted with something this unsustainable there’s only two things to be done.

1- Spend untold trillions more taking over the nation’s health insurance system.

and

2- Blame Bush.

Obama to conservatives: Grab a mop and help me clean up your mess

The good news: The “socialist mop” line made me laugh. The bad news: He’ll be telling us it’s our mess that he’s cleaning up until, oh, 2015 or so at the earliest. How he’s planning to blame the stimulus waste or inevitable cost overruns on health care on the right isn’t yet clear to me, but have faith. He’ll find a way. It’s … what he does.

Question: Given the electoral realities in Congress these days, is it really the right that’s his biggest pain in the ass?

So far, he’s failing miserably. Consider the following:

• Cap-and-trade legislation had to limp over the finish line in the House of Representatives with the help of a few moderate Republicans, who then caught holy unshirted hell from their constituents. Environmental legislation generally has taken a drubbing in public opinion polls when people consider how costly it is.

• The Employee Free Choice Act may be stripped of its “card check” provision in the Senate, which would effectively do away with secret ballots for unionization elections. Even in its watered-down form — which still includes highly objectionable, mandatory, binding so-called gunpoint arbitration and makes no concessions to employers who don’t want to have to prop up teetering union pensions — it might not pass the Senate. And the leadership of the House has refused to touch it until the other chamber has made up its mind.

• On health care, forget the rage set off by private citizen Sarah Palin tweeting about “death panels.” Forget the misleading talk about whether there will be a “public option.” (The ever-evolving plan is one giant public option, folks.) Forget the angry voters who crowded into the town halls during the August recess. Forget that a number of Democratic senators and Sen. Joe Lieberman (I-Conn.) are still not willing to sign on to a bill. Right now, even after Obama’s address to the joint session of Congress last week, it’s possible Democrats don’t even have the votes in the House — where they currently enjoy a 77-seat majority.

It’s entirely possible — nay, likely — that Obama will lose on all three big issues. He’ll probably take that personally. As he has pushed for the passage of his reforms, his public approval ratings have taken a beating, and voters have started to trust the Republicans more than his party on a host of issues.

The question that most political handicappers are considering right now is not “Will Republicans make gains at the midterm elections?” but “How large will those gains be?”

Senate Votes to Cut off ACORN Housing Funds

This afternoon the Senate voted 83 to 7 to accept the Johanns Amendment # 2355 to H.R. 3288, the THUD Appropriations Bill... Developing...
Now 'Pimp' & 'hooker' catch ACORN staff in NYC...
GOP Lawmakers Turn Up the Heat on group...
FOXNEWS: Story Grows But Mainstream Media Refuse to Cover It...

UPDATE:

Hey, Maybe This Isn’t The Best Time to Ask, But If You Have Another $6 Million Handy, We’d Like More Money

Update: ACORN disappointed

“We’re disappointed that the Senate took the rare and politically convenient step of supporting eliminating some federal funding for a single organization, one that has been the target of an historical political assault stemming variously from the Bush White House, Fox News, and other conservative quarters,” said Bertha Lewis, CEO of ACORN, in a statement after the Senate vote. “Fortunately, ACORN derives most of its income from its members and other supporters, so the decision will have little impact on overall operations. Tonight’s vote will burden the families who benefited from ACORN’s important work to improve housing conditions in the United States.”

The president’s chief economic adviser warned Friday

the nation’s unemployment rate could stay “unacceptably high” for years to come — a situation that would seriously complicate Barack Obama’s ability to convince Americans that he’s beating back the recession.

“The level of unemployment is unacceptably high,” National Economic Council Director Larry Summers said Friday. “And will, by all forecasts, remain unacceptably high for a number of years.”

RAHM IT! Obama sets stage for using budget maneuver to pass health reform...

Federal deficit hits $1.38T through August...