November 04, 2008

LIVEBLOGGING NOW.. Alright, I'm all settled in, caffeinated up, ready to see if America pulls its head out of its ass tonight


[LIVEBLOGGING NOW - GO TO COMMENTS AND REFRESH FOR LATEST]

I wish you all could see how into the US election people over here are. EVERYONE wants to talk about it (and Bush and Obama) when they hear my yank accent.


History is being made tonight HP'ers. I said years ago that the housing crash would be the #1 issue on people's minds and would change everything. And so it will be.

Tell your election day stories here, get on record with any predictions, give us any scoop or insight, and I'll be liveblogging now hopefully through the acceptance and concession speeches (if I can stay up).


MSNBC is streaming live right now as well.

(FLASH: I've just been notified that Greg Swann, America's Most Discredited REALTOR(R), is predicting a John McCain blowout. Fill in your own punchline)

254 comments:

1 – 200 of 254   Newer›   Newest»
Anonymous said...

This is the greatest dog and pony show I've seen in my life!!!

What time do the juggling monkeys come on?

Ross said...

Well sh*t. There go my hopes of McCain victory. Swann, do you have to ruin everything in AZ and make us all look dumb? Was that your goal? Nice work buddy. I wish we could vote you out.

keith said...

I still can't believe people are standing in line to vote for the chance that Sarah Palin could be president.

I can't believe a major party put someone that dumb and that naive. Shameful.

44% of Americans are truly clueless.

keith said...

Browkaw on the GOP paying the price

http://www.msnbc.msn.com/id/21134540/vp/22887506#27533391

Anonymous said...

OBAMA AND HIS HENCHMEN WILL FINISH WHAT BUSH STARTED. 10 DOLLER GASOLINE (CARBON/ENERGY TAX), HYPERINFLATION, DESTRUCTION OF FREE SPEECH RIGHTS (FAIRNESS DOCTRINE) WEALTH REDISTROBUTION. HEY KEITH YOU SOUND LIKE A MAN WHO HAS HIS MONEY OUTSIDE THE US. NOT CONCERNED ABOUT COMRADE OBAMA, REED, POLOSI AND BIDEN SIEZING YOUR ASSETS TO SPREAD THE WEALTH. AROUND. GOD HELP THE AMERICAN SHEEPLE. THE WOLVES WILL NOT.

Anonymous said...

Browkaw on the GOP paying the price


Tom Brokaw is just another globalist tool. Just like Obama.

Tom Brokaw at the Council on Foreign Relations

Anonymous said...

I've been telling people for a few years that the housing bubble has altered the demographics in battleground states. The highly populated/educated cities have priced people out of these markets. Those large cities are usually dominated by democrats. Those democrats are now in battleground states.

I think the housing bubble has helped to generate a landslide for Obama.

Anonymous said...

Also, I've been a renter for a long time. I've read your blog almost every day since its been up, along with Mish and CR. Sorry to see you go.

keith said...

Exit poll quarantine ends at 10pm GMT (5pm EST).. here we go!

Out at the peak said...

I'm more excited for Jack Bauer Power Hour. At least with that show, I don't know what's going to happen. Obama is easily the winner today.

keith said...

I'll miss Joe the Plumber. Hope he doesn't go the way of Casey Serin (fame, no fortune)


http://www.youtube.com/watch?v=8MjvOeT8Hu8

keith said...

Just saw a brief exit poll number - nationwide, 62% said the economy was the #1 issue.

Remember when I said it would be two and three years ago? It was probably around 4% at that point.

The housing crash changed everything.

And 9/11 Rudy and Iraq McCain found that out.

Anonymous said...

I read on the Bloodhound blog that Gregg Swan has agreed to work with a new realtor apprentice Sarah Palin.

Anonymous said...

Yeah, Naked Cowboy is predicting McSame will win...

Anonymous said...

Swann can't be that dumb can he?

Vince F said...

There is no way that America is going to allow that hot tempered old man to run this country.

And don't get me started on Sarah "dumber than a box of rocks" Palin.

Anonymous said...

Of the people who rated Iraq as their #1 issue at the exit polls - Obama was the overwhelming choice! So much for that McCain "strong point".

Anonymous said...

up here in Canada the US election has everyone talking
its about a 60/40 split for Obama
he will win

squidly77

Baby Blue said...

Voted Blue in VA.

To celebrate the landslide victory, I went out shooting with my brother, and afterwards over a beer we realized how stupid we both were. We should have taken out a scam mortgage, HELOCed to the hilt, and walked away with enough cash to start a legitimate business.

We are all DOPES!!

We missed the money train.

We were honest.

We were all stupid.

Anonymous said...

hey peter shiff is going on cnbc after the break!!!

Geoff said...

This website was like an advanced college course in economics and political science. I never posted much, but I am gonna miss this place when it's gone.

I learned so much.

HP was a rare corner of the Internets, with remarkably prescient vision, substance and a terrific sense of humor. While there was always a collection of truly talented minds ready to contribute, credit must be given where credit is due: to Keith, our professor.

Thank you, Keith.

Geoff

keith said...

Top 10 election surprises:

1) No Osama bin Laden video yesterday

2) No terrorist attack on America anywhere in the world

3) No swift boat or willie horton type of ad (except 'godless' in NC)

4) No major "there is no soviet domination of eastern europe" or the kitty dukakis raped and murdered question type of mistake by either candidate

5) No exit poll leak

6) Ron Paul just went away (and took our money)

7) Sarah Palin didn't withdraw (or be pushed out). Bad mistake.

8) Election wasn't canceled (remember those internet rumors?)

9) Americans finally cared about an election (too late)

10) How big of a dick the once-likable John McCain became

keith said...

exit polls show obama up 15 points in Pennsylvania

Tilt.

Thanks for playing McCain.

The GOP is going to be destroyed tonight.

Saul said...

I am an Australian, so I have an outsiders perspective. I have seen Obama on the Daily Show (Jon Stewart), which is a political show dressed up as a comedy. I like Obama. I think he has humility, humour and seems well grounded. He understands, at least in part, the gravity of the situation the US (and by extension the world) is in. By contrast, McCain seems like a senile, bumbling, forgetful twit - with far too much in common with the incumbent Bush. Although I am not foolish enough to believe Obama will cure all ills, I do hope he wins, as it's the best chance you guys have (now that Ron Paul is out of the race). I *think* many people in the US have come to the same conclusions.

Anonymous said...

Tom Brokaw is just another globalist tool. Just like Obama.

---

This is the greatest dog and pony show I've seen in my life!!


Welcome to the party Truthers! You lose!

Markus Arelius said...

Keith,

Please keep your blog going after this is all said and done.
Please.

What the hell are we going to do after this is all over?

Thoroughly enjoying the ongoing schadenfreude of the housing crash in southern Cal (we still have a ways to go you know). Thanks for the memories!

Markus A.

keith said...

These scenes of mile-long lines are depressing and un-American

We're now a third-world country, that doesn't even have enough resources or technology to allow people to vote, without skipping the entire day of work

This must be fixed.

It's shameful.

keith said...

McCain said he'd be up late tonight.

That's about 9pm for someone his age, right?

FlyingMonkeyWarrior said...

*A free house for every one.
*No one needs to pay their CC Debt, the Uncle Sucker will bail out the CC Companies with taxes
*Nationalize the Car Manufactuers,
USAFORD< USAGM< USAGMAC< etc.
*Tax us into wealth

Duh, I think the USA is broke.

Good luck with the new Prez.
GTG to Publix.
FMW

Anonymous said...

wow looking around the cyber world would leave one to believe that the whole world is watching the US election

Markus Arelius said...

What will the reactions be tonight from American evangelical Christians after Obama absolutely throttles McCain/Palin ?

Anonymous said...

Tuth @ www.infwars.com

Markus Arelius said...

Flyingmonkey, can they nationalize the car renters too? I'm really sick of walking out to G30 at Hertz rental car in Hartsfield to find my car missing. I then go into a Steve Martin tirade at the front desk....

Anonymous said...

Many unanswered questions about Obama. I can't beleive you are pro-Obama. I voted for McCain only to vote against Obama

Anonymous said...

www.infowars.com

or better yet try

www.prisionplanet.com

keith said...

So I'm watching BBC's wall to wall coverage of the US election

Anyone remember 10 seconds of a UK election on American TV?

'Nuff said.

Stu said...

Obama will win this in a landslide to be sure, but is that the "Best" thing for our country? I am not convinced just yet and a tad worried about how this ultimately plays out.

That is also why Keith CANNOT leave just yet!!!

We are far from finished with this deal and much more will happen and have to be done before it will be over...

Anonymous said...

Yup, all the sheeple are following the shepards--the mainstream media, the Bilderbergs, the Trilateral Trade commission, all following to their Messiah Obama-The Messiah that is being funded by the Saudis and the Muslim terrorists. And the sheeple are following-no questions asked.

Markus Arelius said...

If you could buy a 100% electric sports car, zero emissions, 0-60 in 3.9 seconds with 220 mile range: What price would you pay?

That car is a sports car and its available today, but the price is $109,000 from Tesla motors.

GM and Ford must change or die on the vine. Let the banks fail too. Other businesses, with greater vision and inventiveness will just take their rightful place. The market, if we would only let it, has a strange way of sorting out the losers and the winners...violently if necessary.
In the end, there are often times new (even replacement) jobs and new economies that come into play.
This is a possiblity. I hope.

Anonymous said...

he states looking good for Obama:

Florida: 52 percent to 44 percent
Iowa: 52 percent to 48 percent
Missouri: 52 percent to 48 percent
North Carolina: 52 percent to 48 percent
New Hampshire: 57 percent to 43 percent
Nevada: 55 percent to 45 percent
Pennsylvania: 57 percent to 42 percent
Ohio: 54 percent to 45 percent
Wisconsin: 58 percent to 42 percent
Indiana: 52 percent to 48 percent
New Mexico: 56 percent to 43 percent
Minnesota: 60 percent to 39 percent
Michigan: 60 percent to 39 percent

The states where McCain is leading in exit polls:

Georgia: 51 percent to 47 percent
West Virginia: 45 percent to 55 percent

http://www.huffingtonpost.com/2008/11/04/exit-polls-2008-see-the-f_n_140986.html

Anonymous said...

Heard by an uninformed Repug at polls (FL retiree in a wealthy area of county)

“If Obama gets in I’m going to end up having to get a job”.

Won’t he be surprised to find out there aren’t any!

If FLA F’s this up again, I’m sorry. Blame the old farts, I did my part.

Anonymous said...

Hehee!!

The press can hide Obama's incapacity for an entire campaign, but his incompetence will show through soon enough.

I was a Ron Paul supporter, and I have to hold my nose and vote for McCain, but that's the way it goes.

Prepare for the biggest letdown in the world when the messiah proves to be much less than that.

Thankfully, there will a large dem majority in congress to help take the blame for the coming debacle.

Me? I'm finding ways to hide my wealth from Obama's plans to take it.

This should increase the velocity of our economic crash, which will be nice for me.

The day the world watched said...

God that felt good today!!! It was walking in to the voting booth and letting go of an eight year old dump. At the same time, I saw ALL of my stocks and 401K go up. It is almost like the whole world (Europe was a BIG buyer of stocks today) was voting with their wallets at the same time us Americans were voting with our feet and ballot.

Tonight is going to be historic. It is a night to remember. The GOP will be officially killed, and most encumbants will be frog marched out....

The only thing that could make this any better would be for all of the crooks on Wall Street (Angelo, Fuld, Mudd, Perry etc.) to be in handcuffs tomorrow morning. I think one of the first things that the new Obama administration should do is to have the FBI investigate and arrest all of the a$$holes that helped to dismantle the financial system....

What a day!!!

David said...

Hey Keith, tell me what Obama has that Palin doesn't? Send a post now and list the following:

* Obama's legislative accomplishments
* Obama's executive experience
* One instance where he stood up to his own party.

Go ahead, fill up as many lines as you need. Don't write back about how you wish Keith Olberman would reply to the emails you write him late at night in your parents basement...

Markus Arelius said...

Is Obama is the "best" there is? Probably not. I mean, the guy voted in favour of the $700 billion bailout. I just voted my Congressman incumbent John Campbell out of office, for being a douche about the housing market, housing bailout and generally standing toe-to-toe with Bush on every issue.

I voted for Obama today, not because he's the best ever. He has to prove that yet. I voted for him because he is a much better communicator and politician than McCain is. Plus, I'd pick a tough guy from Scranton anyday fpr my team over some Avon Lady in leather boots and Kawasaki eyeglasses.

Anonymous said...

I cant beleive you guys are supporting Obamma dont yall kno he s skull and bones and check it out hes in with the illuminatis you sheeples are so stupid investigte building seven!!!!!!!!!!!!

INWOFARS.COM

Anonymous said...

glad to hear the Eurotards are excited by our elections, it seems kinda boring here.

*yawn*

Anonymous said...

Queefer, if America takes its head out of its ass, its head will smell like Europe.

peeeeeuuuuuu!

Anonymous said...

Bush paved the way for an Obama Messia. Why do you think they made McBurger take Faulen.. Thet want this its a set up.

The sheits gonna hit the fan

Get ready

Markus Arelius said...

About the "old farts" "having to get a job". Prior to 2000 there were more Americans working longer and past retirement age because they could afford not to, with high costs of food, drugs, healthcare, secondary education, etc. A lot of families are working harder and longer than they ever did just 10 years ago. The wealth of Americans is as bad as ever. It could get worse too, unless some really unpopular moves are made regarding income taxes at the federal and state level. The US cannot keep borrowing to infinity. It can't keep fighting incessant foreign wars that reap no discernable economic benefit at home or political benefit abroad.
All must change. America will become isolationist in its foreign policy (it has no choice) and it will become more self-sufficient economically (it has no choice). We don't make anything anymore. We need to start making shit and selling it here (and then abroad).

Guns!!! We're awful good at makin' guns!!

fast actin tinactin said...

>I can't believe a major party put someone that dumb and that naive. Shameful.

Stop spending so much time on the huff and puffington post Keith.



>Swann, do you have to ruin everything in AZ?

Answer: Yes, that's what his type does. These people are usually great BS'ers though, and that's why they wern't eliminated in the evolution process in the form of good stonings.

Anonymous said...

Guess it's time for Miss Sarah to donate her clothes. Gonna be tough for her schlepping back to the brutal cold in November. She sure do like them hairstylists, makeup artists, personal shoppers and armies of assistants, the attention, the calls from European heads of state (or, at least that's what they call themselves on the phone).

It's hard to go back. She'll be in there swinging for 2012, no way is she going to be happy with a less glam life.

keith said...

Only 38% nationwide in exit polls say Palin is qualified to be VP.

I hope the few GOP die-hards here realize that she killed your chances this year.

America is tired of stupid presidents after eight years of one of the worst. That's a good sign.

Anonymous said...

pull our heads out? you mean by voting for incumbent obama and biden?

keith said...

Man what's up with MSNBC's roman room with the 3d graphics?

Pretty cool.

Anyone remember Russert's chalkboard? That was just eight years ago. Oh, yeah, eight years ago people weren't blogging either.

And eight years ago the US wasn't wrecked.

Anonymous said...

Reps got Kentucky

Anonymous said...

Only 38% nationwide in exit polls say Palin is qualified to be VP.

I hope the few GOP die-hards here realize that she killed your chances this year.
--------------------------------

what is scarier that obama in no more qualified than Palin, yet he is top of the ticket.

Anonymous said...

It is interesting to see that all the bible thumpers and right wingers are getting defensive on just about every blog on the internet. This is not going to just be a wave of change, this is going to be a super-tsunami. The more enraged the right wing nuts get, the more you can sense the fear. They just can't stand having someone in power they can't control or predict.

This will be the new millenium's Kennedy. Many of the right wingers say that Kennedy accomplished nothing. Hmmm, I wonder what decade we walked on the moon? I wonder who contained the Cuban missle crisis? I wonder what generation was undoubtedly one of the most fundamentally changed? Oh and lets not even mention the properity that was enjoyed during the Kennedy years.

Let's just hope that the nuts are not able to get Obama the way that they ended the Kennedy years. Once that nut Linden Johnson was in power, we got Veitnam, and the war mongers were back in charge. We all know what happened then....

David said...

Come on Keith. You're letting down your "fan" base who think that you're intelligent. Why not list Obama's accomplishments. Just wipe the cheetos off your keyboard and type a little. Palin wasn't a good choice in my opinion, but the arguement that she isn't qualified falls short when considering the lack of qualifications of your own candidate for PRESIDENT. The VP isn't that important, which is a good thing for Biden. We'll all be waiting for your list of the following:

*Obama's legislative accomplishments
*Obama's executive experience
*One instance where Obama stood up to his own party

We're waiting Keith. Rachel Maddow is always going to be a dyke, even if you beg her to love you. We're waiting...

Anonymous said...

I feel sorry for the eurotards. they live vicariously through the USA.

the fact they are excited about Obama ought to tell use something. Not sure I am excited to vote for a candidate that europe loves.

Markus Arelius said...

In California, we're voting on Proposition 8, a new law to ban "gay marriage" in California.

http://taxdollars.freedomblogging.com/2008/11/04/same-sex-measure-rankles-polling-places/2968/

This country is starring down the double-barrel of a major economic depression and financial collapse of the government, and of the top 100 most important, critical and essential things to do and worry about, the preservation of heterosexual marriage shouldn't even make the list.

I mean today 67% of marriages in California end in divorce. Where are these protesters during divorce hearings as wealth is eliminated, public funds are wasted in courts of law, attorneys fees, not to mention the social cost of splitting up families and ripping childhoods apart. I say don't discriminate and allow the homosexuals suffer marriage along with the rest of us.

Anonymous said...

the eurotards better stop the belly aching about the USA if we elect obama for them.

matter of fact, next trip to the spanish coast I had better get some nice trim when I wear my "i voted for obama" shirt.

Anonymous said...

now is a good time to buy

rates are low

Anonymous said...

*Obama's legislative accomplishments
*Obama's executive experience
*One instance where Obama stood up to his own party

-------------------------------------

hey, obama read from a teleprompter better than Palin (ok, not by much, but he is better!)

Obama has written two books, probably more than palin has read.

Anonymous said...

This country is starring down the double-barrel of a major economic depression and financial collapse of the government, and of the top 100 most important, critical and essential things to do and worry about, the preservation of heterosexual marriage shouldn't even make the list.
---------------------------------

obama is against same sex marriage, so I am voting obama and against 8.

Anonymous said...

*One instance where Obama stood up to his own party

---------------------------------

he is against gay marriage.


oh, wait. the democratic party really isn't for gay marriage, are they.

Anonymous said...

looks like mccain is taking ohio.....

Anonymous said...

hey HPers,

when is election day
did i miss it?

Ron said...

Whatever happens, regardless of who wins only one thing matters NO MORE BUSHIT!

The worst president in American history is leaving...he took us to the brink and showed us how important it is to be vigilant against retarded puppet tyrants.

GOOD BYE BUSH!!!!!!!! AND GOOD RIDDANCE YOU SAD PATHETIC SHAM OF A HUMAN!

Matthew said...

I think I'll go down to Grant park tonight and watch the riots. After all, libs tend to destroy wealth, both with their policies and they're idiotic lemming-like followers. Viva la Revolucion!!

Anonymous said...

Lindsey Graham won in south Carolina, are they that dumb in the Carolinas? I would have thrown him out.

Anonymous said...

mccain 8 obama 3

Anonymous said...

Ron Paul DESERTED US!

Anonymous said...

i went down to the voting station and they told me it was too late to register.

Bummer. I really wanted to vote for obama.

Anonymous said...

Thats it!

I've had it!

i'm taking the next flight to Cuba

investorinpa said...

Keith, its a pleasure to be on your live blogging event. I'll be watching the coverage on my TV upstairs, but wanted to let you know THANK YOU for all the great HP stuff..keep it going, you know its worthwhile!

Markus Arelius said...

"libs tend to destroy wealth"...

Mmmmm...yeah, I sure wish Bush could change the Consitution and hang around for another 4 or 8 years. Start a few more wars and drain our entire surplus into a bottomless blackhole of nothingness. Write a few $87.16 tax rebate checks or something. Hell, we're all just rolling in the money these days, let me tell ya. Wealth! Is that what we have today? I mean, first I gotta know what I have before Obama and his "lib" buddies take it all away from me.

Anonymous said...

repudiation

noun
1. rejecting or disowning or disclaiming as invalid;

Anonymous said...

espn is calling ohio for mccain

Anonymous said...

Anon said:
"i went down to the voting station and they told me it was too late to register.
Bummer. I really wanted to vote for obama."

Don't you have to be a citizen of this country to vote?

Anonymous said...

repudiation

noun
1. rejecting or disowning or disclaiming as invalid;

------------------------------------

2. Democrat.

Anonymous said...

"Break out the Kool-Aid mama!! It's time to elect a black prezideeeeent!!!"

- Jimmy Walker (2008)

gwk said...

Have you seen the video of one of your heroes supporters getting ready to have her gas and mortgage paid for once he gets elected so lets get ready and shut down some coal plants and pay those mortgages and fill those tanks because the O man is going to get it done.

Anonymous said...

investorinpa,

Whats 'upstairs'?

Anonymous said...

black voter turnout up only slightly from 2004......

Anonymous said...

I just voted for a sensible black man, Alan Keyes.

Anonymous said...

Look out for the Bradley effect! It's already happening!

Anonymous said...

will this be the destruction of the democratic party if they lose this one??

will dems be gone forever? or will they rise up from the ashes, better than before?

Matthew said...

Right..let's blame Bush for destroying that wealth. Too bad he didn't shut down Barney Frank and Chris Dodd as they pushed to destroy Fannie and Freddie. He really should have grown the gov't faster...that would create more wealth. More regulation...bring it on!! Darnit, Bush governed like a lib! Nuts!

Anonymous said...

Well please mark my Words The election will be decided Nov 5 before 12pm and

JOHN SYDNEY MCCAIN/SARAH PALIN WIlLL WIN

Anonymous said...

mccain is trouncing obama in Virginia. 61% to 38%

yu been skooled said...

Dude,
you better HOPE and PRAY for the elusive Obama landslide or else I will not let up on you.

When Obama loses, you will move to Europe for good and shut down your blog as I've predicted many times before.

But for now at least you won't censor my opposing, poignant points of view, like the Kommunist Censor you've been when my intellectual salvos have cut you to the quick.....

HA HA HA!
PHOOLS!

Anonymous said...

anon said:
'I just voted for a sensible black man, Alan Keyes.'

i'm with ya.

Anonymous said...

that idiot rick davis is talking right now.....still so delusional to think that mccain is going to win.

Anonymous said...

everyone got guns? mccain might pull this off. if so, the Watts riots are going to look like a day in disneyland....

Edgar Alpo said...

my election day rant

keith said...

For newbies, here's a glimpse of why I supported Obama over McCain

http://housingpanic.blogspot.com/2008/08/what-are-most-important-issues.html

After I wrote that, McCain then ran the sleaziest, most cynical and least inspiring campaign in US presidential history. And chose an idiot for his running mate.

I've never had an easier choice for President. Gore and Kerry were terrible alternatives. Almost as bad as McCain was this time.

Eric said...

"mccain is trouncing obama in Virginia. 61% to 38%"

I hope you're joking.... that's with less than 2% of the precincts reporting and only 3 small conservative counties. Wait till Loudoun, Fairfax, and Arlington report till you call anything a trouncing. That's like calling CA based on OC.

Anonymous said...

mccain is widening his lead in Indiana.56 % to 44%

Eric said...

I didn't mind McCain until he shape shifted into a sleazy politician this election cycle. That said, he is still funny as hell on SNL.

bitterrenter said...

Fannie & Freddie regulation was blocked by Senate republicans who were lobbied aggressively to kill it.

Republicans controlled the Congress, they could have done whatever they wanted.

Try again, Matthew.

Anonymous said...

BREAKING NEWS: NBC News: President race in N.C. too close to call; Obama leads in Ohio, McCain in W.Va.

keith said...

12:30am out here.. any guesses on when I can go to sleep?

I want to stay up until the concession/acceptance speeches

I'm hoping that happens before the sun comes up

Anonymous said...

mccain is projected to win west Virginia.

Matthew said...

bitterrenter - go back to school.

From USnews...

In fact, here's a New York Times story from September 2003, clearly showing that the first substantive Fannie and Freddie reform from inside government came from the Bush administration. Spurred by worries that Fannie and Freddie were cooking their books and taking too many risks, Treasury Secretary John Snow proposed placing the companies under Treasury oversight with strict controls over risk and capital reserves. The NYT labeled the proposal "the most significant regulatory overhaul in the housing finance industry since the savings and loan crisis a decade ago" and noted:

Mr. Snow said that Congress should eliminate the power of the president to appoint directors to the companies, a sign that the administration is less concerned about the perks of patronage than it is about the potential political problems associated with any new difficulties arising at the companies.

So five years ago, there was one of those rare moments in Washington when the branches and personalities of government—in this case, the Bush administration—are less interested in protecting or expanding their turf than in fixing a looming catastrophe. What was Frank's response to the proposal?

"These two entities—Fannie Mae and Freddie Mac—are not facing any kind of financial crisis," said Representative Barney Frank of Massachusetts, the ranking Democrat on the Financial Services Committee. "The more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing."

As Frank mentions in his press release today, two years after it was first proposed, the House finally voted on a bill reforming the mortgage giants. Alas, the legislation was watered down to the point of being meaningless—that's why it passed the House with such wide margins (122 Democrats and 209 Republicans). But even then, and despite his high regard for bipartisanship now, Barney Frank wasn't among the yeas.


http://www.usnews.com/blogs/sam-dealey/2008/09/10/barney-franks-fannie-and-freddie-muddle.html

bitterrenter said...

So what? There's about 2 million people in West Virginia and 1 million teeth. Of course they're republicans.

Anonymous said...

12:30am out here.. any guesses on when I can go to sleep?


_____
Guess you will have to stay up until 9:00 AM. They are saying they can't call it until 3:00 AM here.

Don't think it's going to be a landslide. Looks like McCain is ahead in 4 states.
190,000 to 139,000 popular vote.
FUCK.

George L said...

looks like Florida will go to Obama.

I will miss bush.nooooooott!

keith said...

Red states closed first:

GA, NC, IN, SC, VA, KT, WV, OH. Only blue state to close is VT

That said, watch OH and VA flip to Obama. Those are the first big tells. IN will be interesting, might not know that state for a few days. The Gary area results always come in way late too vs. the rural white areas

Anonymous said...

McCain has SC and Kentucky.
Obama just has Vermont.

So many too stupid people in this country. Way too many.

David said...

bitterrenter- Pantsed in public! Better turn on Air America to brush up on your facts if you're going to play with the big boys.

Anonymous said...

everyone got guns? mccain might pull this off. if so, the Watts riots are going to look like a day in disneyland....

----------------------------------

I have to agree. A McCain victory will likely result in riots that are similar to the one that took place over Rodney King. It happened shortly after the police officers were acquitted of beating him.

soft landing said...

The networks are covering this as if Obama is likely to sweep in with wins in VA, NC, IN, etc.
WTF
That would be an overwhelming victory.
The American sheeple are not capable of that. The media should be on pins and needles about how close this election is.
I predict McCain wins VA, NC and IN, and this thing goes deep into the night to count CO, NM, and NV before McCain declares victory. The Bradley/Wilder effect is alive and well in the USA.
Howdy y'all.

Markus Arelius said...

McCain wins South Carolina!

Markus Arelius said...

I got my babel and I gone git my gun! Yee-Haw and Vee-Vah fer Mah-Cain!

keith said...

Some of you don't get it - 40 or so of the states are 100% certain red or blue.

This election is about again is 10 states. So when McCain takes Alabama, or Obama takes New York, don't act all shocked.

The states to watch are Penn, Indy, Ohio, Florida, VA, SC, CO, NM, NV, MT, ND and MO

Watch for AZ and AK too - it'll be funny how close they are (McCain will take 'em but not by much)

bitterrenter said...

Matthew,

Try reading all the stories:

Mortgage firm arranged stealth campaign

Freddie Mac secretly paid a Republican consulting firm $2 million to kill legislation that would have regulated and trimmed the mortgage finance giant and its sister company, Fannie Mae, three years before the government took control to prevent their collapse.
In the cross hairs of the campaign carried out by DCI of Washington were Republican senators and a regulatory overhaul bill sponsored by Sen. Chuck Hagel, R-Neb. DCI's chief executive is Doug Goodyear, whom John McCain's campaign later hired to manage the GOP convention in September.

Unknown to the senators, DCI was undermining support for the bill in a campaign targeting 17 Republican senators in 13 states, according to documents obtained by The Associated Press. The states and the senators targeted changed over time, but always stayed on the Republican side.

--------
Try again, Matthew.

Anonymous said...

Keith,

take a look on cnn's website and compare the polled numbers against actual. it is still too early but there is a potential troubling trend. Polling numbers are significantly higher for obama than the actuals coming in.

still, too early to tell for sure.

keith said...

Pennsylvania just went Obama

I can go to bed now

Stu said...

Obama in a literal LANDSLIDE!!!

Not saying I like it, but facts are facts...

Anonymous said...

GREG SWANN SHOULD SERVE HUMANITY BY LOCATING OLD LAND MINES IN AFGANISTAN WITH HIS FEET.

Markus Arelius said...

The Bradley Wilder effect is an interesting theory for 2008. The fact is this "effect" isn't operating in a vaccum. America has changed culturally since the days of Mayor Bradley, David Dinkins and Jesse Jackson.

Pennsylvania, holy mother of God, just went Obama.

I mean, if there's any evidence that Bradley Wilder effect is dead, Pennsylvania just gonged that show.

bitterrenter said...

Hey David,

Start reading the news stories that DON'T agree with your backwards, skewed view of the world.

Here's another one for ya: Republicans can't READ

Markus Arelius said...

Holy Cow! Obama totally body slammed McCain in...wait for it....Rhode Freaking Island!!!!

Anonymous said...

F*ck!

I missed Peter Schiff on CNBC. Did he shoot lightning bolts out of his ass tonight????

Tell me....

Anonymous said...

Just wait til Obama rolls out Muhummad Al Syrat for secretary of defense!

and Ronald McDonald for Treasury secretary (each USA bond purchase comes with a free toy made in China!)

Maxwill said...

Keith-

MSNBC.com is showing Obama ahead in TX. Have you heard this before? Is this even possible. I guess I haven't been paying as close attention as I thought.

Anonymous said...

Future look:


April, 2009:

"Former president Bush 2 was booed off the stage at Washington Jr. High in Austin, Texas."

Anonymous said...

keith said...

Pennsylvania just went Obama

I can go to bed now..

LOL...Weeeeeeeeeeeeee!!!

FL and Ohio next.

Owner Earnings said...

Keith, I think you should shut down the blog. Things are going to get so fukd up that rational thinking wont make sense.

Markus Arelius said...

Good night everyone. California belongs to President Obama.

bitterrenter said...

First official act of President Obama:

Building resettlement camps for republicans in Iraq. No, not the ones that are alreaddy there, the ones we're going to send there.

Hope you republicans like sweating your balls off.

Anonymous said...

Keith: Go to bed?? That's like passing out before the stripper arrives.
Get real. Spark up a fatty, pour the liquor, and enjoy the celebration!

matthew said...

bitterrenter - try to read the whole article.


from the article:
Freddie Mac's problems began when Hagel's legislation won approval from the Senate committee.

Democrats did not like the harshest provision, which would have given a new regulator a mandate to shrink Freddie Mac and Fannie Mae by forcing them to sell off part of their portfolios. That approach, the Democrats feared, would cut into the ability of low- and moderate-income families to buy houses.

The political backdrop to the debate "was like bizarre-o-world," said the second of three people familiar with the program. "The Republicans were pro-regulation and the Democrats were against it; it was upside down."

Sen. Richard Shelby, the committee chairman at the time, underscored that in a statement Wednesday, saying that with Democrats already on their side, it was not surprising that Freddie Mac and Freddie Mae went after Republicans. "Unfortunately," said Shelby, R-Ala., "efforts then to derail reform were successful."

In a sign of bad things to come, Freddie Mac was already having serious problems in 2005. Auditors had exposed massive accounting issues, so improved regulation was one obvious remedy.


PLUS:
top three recipients of campaign contributions from Fannie:

Dodd: $165K
Obama: $126K
Kerry: $111K

Current members of Congress have received a total of $4.8 million from Fannie Mae and Freddie Mac, with Democrats collecting 57 percent of that.

Anonymous said...

First official act of President Obama:

Building resettlement camps for republicans in Iraq. No, not the ones that are alreaddy there, the ones we're going to send there.
---------------------------------

not my president, I didn't vote for him! (wasn't that the libatard saying?)

yamyam

Anonymous said...

"Keith: Go to bed?? That's like passing out before the stripper arrives."

he he he

Good one!

The Hip Hugger in Kokomo, Indiana: Best strip club in the US of A!

keith said...

Can go to bed.

Should go to bed.

Won't go to bed.

Watching Elizabeth "godless" Dole get spanked in NC is worth staying up for. Easily the most disgusting and shameless political ad of all time. I hope to see her sued for slander and defamation.

I'm also interested in Franken winning. Man, that'll be hilarious. A comedian. Who'd have thunk?

Anonymous said...

uh oh, the florida race is tightening up a bit.

Anonymous said...

I'm also interested in Franken winning. Man, that'll be hilarious. A comedian. Who'd have thunk?

----------------------------

who would have thought, an author in the white house!

Anonymous said...

Bourbon Street Phoenix is the best one eveyrone knows that!

Tokyo Boy said...

I sent in my absentee ballot 2 weeks ago. I hope it didn't get lost in the mail!

David said...

Oh bitterrenter.... my backwards worldview just so happens to be a worldview that enjoys capitalism, promotes personal responsibility, and values the sanctity of human life. Shame on me.

You really should just sit down, take out your laminated Keith Olberman poster, and start your preparations for the January unveiling of the new USSA. Winning an election on the backs of the cigarette craving homeless. You should be proud. Perhaps Barry will send you a welfare check so you can get a better apartment.

Anonymous said...

"I'm also interested in Franken winning. Man, that'll be hilarious. A comedian. Who'd have thunk?"

Right, then Bill O'Reilly gets motivated to run for Minnesota's other senate seat next election and O'Reilly & Franken struggle each other to death on the senate floor. Replaces the caning incident in the history books ...

Anonymous said...

Keith,

I only see abc calling PA, others say it is still too close. who did you see call PA?

Anonymous said...

'Keith, I think you should shut down the blog. Things are going to get so fukd up that rational thinking wont make sense.'

_____________
You can think rationally 364 days a year. This night is about pure emotion.

Thins sure changed fast!
Obama 103 electoral votes
McCain 34

Anonymous said...

MSNBC just said DOLE LOST Holy shit the witch is dead

Anonymous said...

YEAH!!!!!!!!!!!!!!!!!!!!!!!
Kay Hagen beat Elizebeth Dole!!!!!!!!

keith said...

I'd like to congratulate the folks of North Carolina for kicking Elizabeth Dole, a true piece of crap in the purest sense, to the gutter.

She disgusts me more than any politician ever has.

Bye-bye. Thanks for playing Elizabeth. An apology would be warranted at this point. But not expected.

keith said...

The scenes of Chicago vs. Phoenix are very telling too, aren't they?

A million-person celebration in a park, versus a few people gathered in a stuffy old hotel ballroom.

I don't think the McCain campaign could have done a worse job. They truly sucked at what this. Monkeys.

Anonymous said...

tightened another notch in florida. obama ahead by 120,000

keith said...

Here's a pretty kick-ass map to play with with real-time results.

I feel like Chuck Todd moving stuff around

God bless the internet. Makes election nights better than ever. What did we ever do without it?

http://www.msnbc.msn.com/id/3032553

soft landing said...

PA was a must win for BO. If it went to MC you could have gone to bed.
Stay tuned for VA. If BO wins it...go to bed.
NC for BO...go to bed.
OH or IN for BO...go to bed.
Otherwise it'll be a long night.
Cheers to an early bedtime.

keith said...

I'd like to see tomorrow a list of the states ranked by biggest declines in home prices, against who won the state.

Anonymous said...

Ya know, Palin is gonna be a total bitch about this whole thing. Probably steaming and ranting right now, pissed that Todd won't be first dude any time soon. Blaming McCain. Pissed she can't be parading her kid around (in a $100 jumper) like a morality prop anymore.

Won't be gracious, ask for unity, or anything someone who really gives a shit about the country would say. Instead something like 'you betcha I'll keep fightin' for the REAL America' and "I'll be protectin' REAL American values'.

The scariest thing is she really does believe her own horse shit.

Anonymous said...

Elizabeth Dole is being sued by Kaye Hagen. Happened today.

Also, Elizabeth voted against the bailout TWICE.

Her ad was horrible.

Anonymous said...

uh oh, florida is even tighter


mccain 48% obama 51%

keith said...

Wrong. This is the best thing that could have happened for Palin. Now she gets to take some PolySci and Econ and History courses at her local community college and get ready for 2012.

She has to give back all the clothes though. And I think the IRS might come knocking for some taxes on that loot. But all in all, she made out pretty well. Probably will write a book or host a TV show to make some coin.

2012 for the GOP will be a civil war (again). Palin on the kooky right religious whacko side, and Romney on the Big Business low taxes low spending Reagan side.

But Obama beats 'em by an even bigger margin that he beats McCain tonight.

Anonymous said...

Compare reviews:

http://www.stripclubdatabase.com/S/Bourbon-Street-Circus-Strip-Club-644.html

versus:

http://www.stripclubdatabase.com/S/Hip-Hugger-Strip-Club-693.html

Anonymous said...

"A million-person celebration in a park, versus a few people gathered in a stuffy old hotel ballroom."

Yo Keith: the Biltmore in Phoenix is NOT some stuffy old conference center. It's seriously nice diggs. Guess they ran out of money to spend on their own senators fighting for their lives, but boy, they had the dough to eat well tonight (or cry in their $200 bottles of red).

keith said...

For a 100 year old hotel (or something like that) the Biltmore is nice (FLW design) but I hate ALL hotel ballrooms. Claustrophobic, bad carpet, you know the drill.

But in Chicago you have America - people of all walks of life. I'd like to see the McCain room in Phoenix - bunch of angry ignorant or rich white people, all with that GOP haircut.

The contrast is amazing. It feels like the American version of the French Revolution in some way.

Anonymous said...

For what it's worth, the Leni Riefenstahl of Mayberry has lost her senate seat. She was the truly godless person in the North Carolina Senate race.

tom12008 said...

Sarah Palin is now joining McCain in Arizona.

tom12008 said...

I wonder how many of those ballots that were supposeldy found strewn along the I-4 corridor in Florida will actually get counted?

Anonymous said...

it is early but mccain leads the popular vote. wouldn't that be funny if mccain took the popular vote but lost the electoral?

tom12008 said...

Well, we should be careful calling North Carolina too soon. Only 19% of precincts are in at this moment, and Hagan is only leading by a pututive nine-point lead. Still, I think Hagan has it locked up, and Obama has a very good chance of winning the state as well.

Anonymous said...

A lot more polls are getting ready to close in a few minutes keifer. Just hang in there.

keith said...

2 in the morning.. I don't care about the path to victory for obama as much as I care about the path to bed right now!

Anonymous said...

"Hey Keith, tell me what Obama has that Palin doesn't?" >>> Votes

tom12008 said...

Keith,
I'm excited about the Franken race as well. If you don't stay up, I don't blame you, much of the TV spin is "zum Einschlafen" (so boring it can put you to sleep).

Anonymous said...

Keith, drink another pint.
McCain just took TX! (sarcasm)

keith said...

I wonder what the first big state to go will be. The one that takes your breath away.

Pennsylvania was big but it was expected.

It'll be Florida, Ohio, Missouri or on a smaller scale New Mexico or Colorado or Indiana.

Let's go already!

Anonymous said...

Obama 175
McCain 70
Say they won't be able to call until after 11:00.
Looks like Texas is leaning towards McCain, Fl and Ohio towards Obama.

Anonymous said...

Cool!

Spike has ultimate fighting on in honor of the McCain-Obama election!!!

Flip over and watch dudes punch each other out!!!

Anonymous said...

Nah, got some Baily's Irish Creme to pour in your coffee?
If not, will send more money.

Batman said...

I'm a bit surprised by indiana so far. Virginia less so.

Batman said...

I'm also a bit surprised Texas seems as close as it is at this point.

If TX is up for grabs in 2012, the GOP will have a LOT of work to do.

keith said...

After losing Pennsylvania I bet McCain wished he had picked Ridge now

GT said...

lots of msnbc links from ya keifer, very telling. keith fetish, hopefully just his name


my question is, will palin be removed from governorship now that her ignorance is out there??????

jim said...

David:

How bout the fact that hes not an idiot?

Anonymous said...

Comedy Central live election coverage at the top of the hour.

keith said...

Nice call for the GOP to hold their convention in Minnesota.

Monkeys.

Bet they wish they had it in Ohio or Florida or Virginia right about now

Anonymous said...

I'm prepared for any outcome.
On my right I've got a gallon bottle of Jack Daniels, an 8oz. bottle of geritol, a loaded pistol, and my latest 401k statement.
On my left I've got a case of OE800, a bag of rock, a loaded pistol, and a stack of tonights losing lottery tickets.

Anonymous said...

They called Indiana for McCain. Morons in the Hoosier State.

Anonymous said...

So is Palin on prozac right now thinking about her lost wardrobe? Oh, no, skip it - she's already thinking about how to get them for keeps in her new TV contract

keith said...

On MSNBC, my slingbox is down and they're the only one streaming. CNN has crap B team stuff. Fox has nothing

Looks like Fox just called NM for Obama

Believe it or not that's big since it's the first 2004 Bush state to flip. 13 more electorals vs. 2004 now and it's Obamas. He can get that with Virginia (or Ohio, or Florida, or the CO/NV combo, or hell he can take 'em all for a cakewalk)

Anonymous said...

Newsday (Long Island, NY daily) just called NY State for Obama - but no surprise

keith said...

who called IN for McCain?

Batman said...

This big trophy is FL man. Remember 2000. It symbolizes so much for crooked election revenge.

Mark said...

David @11:35PM,

Re: "...Send a post now and list the following:

* Obama's legislative accomplishments
* Obama's executive experience
* One instance where he stood up to his own party."

Obama is OBVIOUSLY competent.
Palin is OBVIOUSLY incompetent.

Okay David, post a hard question.

- Mark

Anonymous said...

At least it's not 20 degrees in chicago tonight.

Anonymous said...

Ohio just went to Obama!!!!!!!!!!!

keith said...

OHIO FOR OBAMA

Getting closer to my bed now

Congratulations, President Elect Barack Hussein Obama

Anonymous said...

Ohio now projected for Obama - doesn't Indiana look mighty stupid on the electoral map

Batman said...

The vote comes out early in Obama's favour because of all the early votes he got out. I'm not saying he's at risk here, but you have to wait until a good half of the vote is in with all the early ones so skewed to Obama.

Anonymous said...

you can go to bed, keith. ohio is done. the democratic corporate shill beat the republican one.

Batman said...

Zoom in on Virginia. It is really close.

Anonymous said...

OBAMA JUST TOOK OHIO!!!

Anonymous said...

anon said:
'I just voted for a sensible black man, Alan Keyes.'

i'm with ya.



X3

Anonymous said...

"who called IN for McCain?"

Matthews projecting it (but others saying is still saying too close to call)

keith said...

Not that it matters, but I just called this race. It's a mathematical certainty now.

Intrade has it at 94.4 Obama, 6.1 McCain in case you doubt that.

For McCain to win now, he'd need like California.

I wonder when the networks are going to call this thing.

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