Thursday, March 24, 2011

Barack Obama - #2748 - Woman Tied to 9/11, Fannie Mae on Obama's FBI Shortlist - Fox (2) Top Dem Strategist: Soaring Prices Will Sink Obama in 2012 - Newsmax (3) New Home Sales Dive to Record Lows - National Journal

The Obama administration reportedly is considering former Clinton administration official Jamie Gorelick, among others, to become the next director of the Federal Bureau of Investigation (FBI). The Wall Street Journal’s Evan Perez first reported the news last week, citing “U.S. officials” familiar with the situation. Gorelick served as vice chairman of the Federal National Mortgage Association (Fannie Mae) when the government-sponsored enterprise began bundling subprime loans into securitized financial instruments. Prior to that, she served as deputy attorney general in the Clinton Justice Department under then-Attorney General Janet Reno from 1994 to 1997. But Gorelick is perhaps best known for her 1995 memo, written when she was deputy attorney general, that later became known as “Gorelick’s Wall,” a policy prescription limiting the flow of information between intelligence gatherers and criminal investigators that some believe helped allow the September 11, 2001 attacks on the World Trade Center to go unchallenged.

Top Dem Strategist: Soaring Prices Will Sink Obama 2012 - Newsmax - President Barack Obama’s re-election chances are imperiled by the combination of rising food and gas prices, Democratic political analyst Doug Schoen tells Newsmax.TV.  Regarding another volatile issue, Schoen said the public opinion battle over collective-bargaining rights in Wisconsin is in a stalemate but could break for Republicans.  “The combination of rising food and gas prices could pose grave peril to President Obama’s re-election,” Schoen said in an exclusive Newsmax.TV interview. “Not only would it be inflationary, it literally hits people where they live. And we saw with Jimmy Carter in the late '70s the impact of stagflation. If we had a period of stagnant economic growth, inflation and potentially increasing interest rates it could be particularly perilous for our president.”  Read more......

New Home Sales Dive to Record Low - National Journal - The pace of new home sales plummeted to a record low last month, the Commerce Department reported Wednesday in a further sign that the battered housing market is only slumping further. Sales fell 16.9 percent from January, delivering a shock to analysts who had expected a gain for last month. The seasonally adjusted annual rate of 250,000 homes sold marks the slowest pace recorded since the data series began in the 1960s. Median sale prices fell 13.9 percent, which represents the sharpest one-month drop on record. Wednesday's numbers for February were coupled with an upward revision in January's pace from 284,000 to 301,000 homes sold. Overall, though, the bitter news seemed to cement a darkening picture of the housing market, and it follows closely on the heels of a disappointing 9.6 percent drop in existing home sales reported earlier this week.  Read more..........  One Picture (above) is worth a thousand words.....

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