Housing

On Monday’s CBS Early Show, co-host Maggie Rodriguez asked Republican Congressman Eric Cantor about President Obama’s proposed housing bill: "Unlike the stimulus, will you urge your fellow Republicans in the House to support this?" When Cantor criticized the proposed bill and the passage of the "stimulus" bill, Rodriguez declared: "But Congressman, it's clear that Americans are begging for help…

The battle between New London, Connecticut and the residents of its Fort Trumbull neighborhood began in 1998 when the City decided that it would redevelop the area for ultimate ownership by others and, if necessary, take the residents' properties for that "public purpose" -- not for "public use" (i.e., roads, bridges, schools, etc.), as the Fifth Amendment clearly intended. Susette Kelo and other…

Everything is wonderful and peachy-keen in Obamaland if you rely on the reporting on the front page of The New York Times. Just ask CNBC's Jim Cramer. On his Feb. 12 program the "Mad Money" host dealt with the $789 billion stimulus package. "Now if you were to believe what's in the papers, holy cow - except for the funny papers - you would think this package was wonderful," Cramer said he said…

On Tuesday's "Good Morning America," financial correspondent Bianna Golodryga promoted the efforts of a radical housing group run by CEO Bruce Marks, a self proclaimed "bank terrorist." Of course, Golodryga skipped that description and glossed over the extreme actions of the Neighborhood Assistance Corporation of America [NACA]. Instead, she simply asserted that the organization tries "to help…

Say goodbye to hope and change. It's time to embrace the politics of doom and gloom. MSNBC host Contessa Brewer, in an interview that seemed a lot like a lobbying campaign for the stimulus set for a vote in the U.S. Senate, quizzed Sen. John Barrasso, R-Wyo., about the possibility that his vote against a stimulus bill could send the country spiraling into a Depression - and endanger the public's…

He might be on the Forbes list of billionaires with a net worth of $1.3 billion and he may appear frequently in the financial media, but Pimco's Bill Gross doesn't have a grasp of how much "trillions" are. Gross recently called for a massive government intervention or face certain catastrophe.  "This economy requires support from the government, a check from the government in some form or…

With all the populist sentiment generated from the economic slowdown by politicians, CNBC "Mad Money" host Jim Cramer is seeing eerie similarities with the comments of President Barack Obama and the words of a communist revolutionary. Cramer, appearing on MSNBC's Feb. 2 "Morning Joe," drew comparisons between remarks between the first head of the Soviet Union, Vladimir Lenin, and Obama. Obama…

"Good Morning America" news anchor Chris Cuomo on Tuesday actually challenged liberal House member Barney Frank over how Congress has spent the bailout money. At one point, after the host implored Frank to think of the American taxpayers, the irritated congressman commanded, "I'm sorry, sir, but- I'm sorry, if you keep interrupting we cannot have a coherent conversation." Frank would later rage…

President-elect Barack Obama named Carol Browner the "czar" of climate and energy policy for the White House, but CNBC's Joe Kernen was wary of her appointment. "You can see that even in Europe, some of the climate concerns, given this, this once in a lifetime recession, John - to put someone that, an advocate of such strong measures," Kernen said on "Squawk Box" Dec. 11. "Really I've seen her…

The Associated Press can't even get it right in a three-paragraph item about a White House ceremonial event.In a story Monday afternoon about President Bush's meeting with two Nobel Prize-winning scientists and Nobel Economics winner Paul Krugman, the unbylined AP writer claimed that Krugman opposed the government's financial bailout. Evidence abounds that this is not only not the case, but that…

Neil Cavuto and Ben Stein had quite an argument about bailouts on FNC's "Cavuto on Business" Saturday morning that nicely covered the issues people on both sides of this contentious debate will likely be discussing around dinner tables this Thanksgiving, though hopefully with less screaming:

In today's "You've Got to be Kidding Me" moment, the San Francisco Chronicle advocated that folks who owe more on their mortgages than their homes are worth should stop making payments so they can qualify for a government bailout.I'm not kidding.Disgustingly titled "Are You an Idiot to Keep Paying Your Mortgage," the article actually instructed readers upside-down in their real estate the ins and…