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Posted

Kids do stupid things Rick. I don't think you can peg this on the democratic party.

This kid admitted already while posting as "anonymous" that he did it soley to try and obtain information that would "hurt her campaign". So sure, whatever and however you want to spin it. ACORN isn't part of the Democratic Party either yet how many of them will end up endicted for voter fraud. ACORN offices in Las Vegas raided.

Rick

Posted

I found it interesting that all my "conservative" friends on this fine website talk about personal responsibility, the republican party and free market economics.

Then in the VP debate, Palin plainly said that predatory lending was to blame for the subprime mess -- a opposed to the CRA mudslinging I read about.. and the poor people that caused this.

Then last night McCain proposed buying devalued loans and then coming up with the new value of the home and making a loan to the homeowner (to the tune of 300 billion dollars).

Doesn't seem to jibe with what I hear a conservative is.

I agree, and I don't know one conservative that agrees with it, nor does anyone I know care one ounce that McCain signed the bailout, then goes back and talks about how he fights Pork Spending. That's bullshit and he's pissing off a lot of conservatives by doing it. With that said, nearly anyone else would be better for this country than a radical, extreme left Marx-Socialist like Obama. Anyone. Hillary, Kerry, Romney, Gore, Admiral James Stockdale, I mean anyone!

Rick

Guest JohnDenver
Posted

Most of you guys are blaming CRA, Clintons, the poor, minorities, etc..

http://www.msnbc.msn.com/id/26869897/

And according to a new report from UBS, delinquencies are rising rapidly for "jumbo prime" mortgages — large loans made to high-quality borrowers. About 4 percent of adjustable rate mortgages for prime borrowers who took out mortgages in 2007 have missed more than two monthly payments, up from just 0.52 percent for loans issued in 2005. Total jumbo mortgages outstanding could total about $1.34 trillion, according to UBS.

The article shows a property in Flower Mound. That kind of hits close to home...

Posted

Most of you guys are blaming CRA, Clintons, the poor, minorities, etc..

We are?

What all these groups have in common is that they lacked sufficient financial wiggle room if the market went south. Experts say it's becoming apparent that the even the well-to-do weren't immune to the aggressive lending practices of the go-go years.

"If you've got a lender who pushed them to the limit and you have some change in supply or demand, you'll have foreclosures," says Karl Case, the Wellesley College economist associated with the widely followed S&P/Case-Shiller index of U.S. housing prices. "Loans were unbelievably risky in every category," adds Tom Lawler, a housing economist in Leesburg, Va. "We're seeing the results of that lending in the high end."

Rick

Posted

http://www.msnbc.msn.com/id/27157703/

Shows that we all need to do our homework about who we're planning to vote for this November.

Yes, even if it's very difficult to fully research all you want to know when one of the candidates has been so adamant about distancing himself from his past. Especially when so much of the media has been so obliging in this. Tonights' PBS weekly show "Frontline" reporting on both candidates was a perfect example of what I mean.

Rick

Posted

I thought Frontline last night was great. It's consistently one of the best shows on televison IMHO.

Great, I was on duty and made a run during the middle of it so maybe you could help fill me in on what I missed during part of the show. How did they tie Obama in with Rezko, Ayers and his work with ACORN and their support in helping him rise to power in southside Chicago? Anything?

Rick

Posted

They did mention how he sought Ayers out(well, any influential Black preacher) to try and get connected in Chicago. Rezko wasn't mentioned.

Then again, some of McCain's skeletons didn't really get brought out either.

Considering they had two hours to fill out biographies of the men - so roughly one hour for each, I thought they did a great job of showing how each man rose to where they stand currently. Both men came across as wildly ambitious, and not necessarily in a good way.

Still, in a wierd way, it made me end up respecting them both more than I already did.

Posted

And yes, Corporations SHOULD pay taxes... unlike 2/3rds of them getting away without paying them (as is stands now).
<_<

And who do the corporations pass the cost of tax increases on to? Consumers. Who else suffers? People who are trying to find jobs, but big, bad evil companies have a hiring freeze in place becuase their costs are too high. So, we get higher prices and fewer jobs. Think the economy is in bad shape now? Just wait until fiscal policy is being directed by Obama, Pelosi and Reid. It'll be the 1970s all over again. Oh joy.

Posted

They did mention how he sought Ayers out(well, any influential Black preacher) to try and get connected in Chicago. Rezko wasn't mentioned.

Then again, some of McCain's skeletons didn't really get brought out either.

Considering they had two hours to fill out biographies of the men - so roughly one hour for each, I thought they did a great job of showing how each man rose to where they stand currently. Both men came across as wildly ambitious, and not necessarily in a good way.

Still, in a wierd way, it made me end up respecting them both more than I already did.

It's hard not to. They both have made names for themselves and neither really had it particularly easy in one sense or another.

Posted

<_<

And who do the corporations pass the cost of tax increases on to? Consumers. Who else suffers? People who are trying to find jobs, but big, bad evil companies have a hiring freeze in place becuase their costs are too high. So, we get higher prices and fewer jobs. Think the economy is in bad shape now? Just wait until fiscal policy is being directed by Obama, Pelosi and Reid. It'll be the 1970s all over again. Oh joy.

You need demand for your products/services in order to create jobs. Companies won't hire people if there is already a minimal demand for their product. Above all, you need consumers willing and able to consume that product. A barrell of oil has lost almost half of its value in less than a year. Do you think a tax cut to ExxonMobil will urge them to create jobs? No, they are looking to cut back production as it is. Supply is useless without demand.

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