| As I said Obama will institute Chicago-style corruption on a national scale...
Posted: 9/23/2008 10:00:59 PM | You state his name as if it's a bad thing. MCcain has had over 20 years in the Senate and is only now concerned with financial oversight? Isn't the Republican bi-line to give tax shelters and incentives to corporations, hoping all along that the savings will be be passed onto the employees and spur economic growth. You misleadingly state that this all started with Carter and the sub-prime mortgage lender system, you forget to mention that he also had setup an oversight committee which was then dissolved under.....Reagan. Thus sticking us with the "trickle down economics" plan,Reagonomics. For 8 years we have been subjected to someone who was voted in based on his commonly shared values with working class people.Oh really conservatives? You have a lot in common with a rich guy? He can sure feel your pain can't he lol. God forbid someone comes along who can properly subjugate a sentence and he is deemed an elitist.
Prior to the 2004 election, in Ohio manufacturing plants were closed and jobs shifted overseas . Hundreds of thousands of jobs were lost and they still voted for Bush. Which has to lead anyone, with a rational thought process, to scratch there heads in disbelief. You put your own politics ahead of the country. G.B seemed like a nice guy, someone that you people wanted to have a beer with and you voted based purely on that rationale. Clinton was successful and rather than vote in his successor, you decided against it. That was your economic plan for America (looking at you Republicans)? A 6 pack of Budweiser and a barbecue with a nice guy. Was this your grand plan? Job well done! Obama was right when he said you guys cling to small town issues and religion. He was correct to say it, not as a politician however and he payed the price. You subject the rest of the country to your personal values and religious driven politics. Save that nonsense for your local elections.
I think McKenzie touched on all the points as to why Obama is the man to lead this country in a new direction. See some of us under 40 actually prefer change. He is accomplished and embodies what is not only the American dream to many but also the immigrant dream and experience. To be given and granted the opportunity for success. This is historical and many are proud of that point alone, but beyond that he is qualified. He has had more "successful" experience than G.W and yet some conservatives still question his experience. What he may lack in experience, he makes for up handily with natural political talent.
Where was McCain for the last 20 years regarding regulation of Wall Street, besides giving them tax breaks. Now conservatives want to tag Obama as an elitist. Why because he is educated and you can't relate to him? But you sure did relate to G.B didn't you? That says more about you guys than anything. With conservatives you have to dumb down the issues, it's not easy reading when the issues are complex and layered.
By the way let's put this political point to rest, since McCain is going around stating that Obama will raise your taxes, unless most of you make over $250,000 a year, you are in line for substantial tax cuts. Imagine that, we will get tax cuts and trickle it down to our families, now that is a trickle down economic plan I'd get behind. Obama/Biden 2008 and I definitely approved this message. | |
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| As I said Obama will institute Chicago-style corruption on a national scale...
Posted: 9/23/2008 10:02:22 PM |
As I said Obama will institute Chicago-style corruption on a national scale.
Actually it's on a Global Scale.
With the government needing to bailout these companies to the tune of $700 Billion dollars.
What does Idiot Obama want to do in office? Pass a tax on the American people to raise $50 Billion dollars to hand to the United Nations for a global poverty fund.
The guy is making a new definition of the word incompetent.
McCain - Palin
2008
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| As I said Obama will institute Chicago-style corruption on a national scale...
Posted: 9/23/2008 10:22:16 PM | RE: SANDERICK
People for the last time, your taxes will not be raised. Stop falling for this non-sense. If you don't make over 250,000 a year, you are in the clear. What happened to compassionate conservatism ? It was no where to be found during Katrina, so perhaps we could have used that global poverty fund, you so fondly described. | |
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| As I said Obama will institute Chicago-style corruption on a national scale...
Posted: 9/24/2008 4:50:03 AM | No "source" is good enough for those who refuse to see!
Perhaps Obama will institute Chicago-style corruption on a national scale when elected , it remains to be seen. That said, my money is on Obama to mop the floor with McCain on election day.* 
We ALREADY KNOW McCain instituted McCain-style corruption when given the opportunity.
I've got a day job, however, stay tuned... I've also got 75 pages of McCain detrius to summarize. It will not be pretty! 
* Preview this Friday, September 26, 2008, 8 p.m. CST on ABC, CBS, CNN, CSPAN, FOX, FOXNEWS, MSNBC, NBC and PBS. Note to McCain supporters: Have your Kleenex ready.  | |
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| As I said Obama will institute Chicago-style corruption on a national scale...
Posted: 9/24/2008 5:03:19 AM |
Most of this is was started by Carter as it was his little bill that gave us SUB PRIME MORTAGES Hmmmmmm lets see here....cause for crash based on SUB PRIME MORTGAGES all started by who??? Ahhh yes CARTER!!!
And yet there was regulation that kept things in check for 20 years after his administration. | |
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| As I said Obama will institute Chicago-style corruption on a national scale...
Posted: 9/24/2008 5:15:06 AM |
Most of this is was started by Carter as it was his little bill that gave us SUB PRIME MORTAGES Hmmmmmm lets see here....cause for crash based on SUB PRIME MORTGAGES all started by who??? Ahhh yes CARTER!!!
Are there really $700 Billion in Sub Prime Loans that are in Default of Foreclosure?
160 million home owners in the US. The sub-prime mess? The numbers don't add up.
I think GWB would call it Fuzzy math.
The Sub-Prime is a derivative mess.
Blaming the poorest people in the US for the huge amounts of money involved is a Joke. | |
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| As I said Obama will institute Chicago-style corruption on a national scale...
Posted: 9/24/2008 2:59:33 PM | "Pass a tax on the American people to raise $50 Billion dollars to hand to the United Nations for a global poverty fund."
That is a lie. I have no doubt the poster doesn't know he is posting a lie. It is still a lie.
As to the original thread, clearly no one posting has been a registrar. People who are setting up tables to register voters for elections have no way of knowing, checking or otherwise determining if the people registering are duplicates or legal. That is why the registrations go to the appropriate state office for validation and the voter roles are kept clean by those officials.
Given the number of legal voters the Republicans refused the right to vote in Florida last time, it is best to have a duplicate effort than risk having someone not registered because the state officer didn't process one of the attempts.
Republican and Democrat voter registration people are required to register anyone who wants to register regardless of what party they want to register for ... the registering itself must remin non-partisan. It does. That is where the legality of behavior lies .. not in the validity of the forms, but in the willingness to offer them to a person regardless of their party choice. | |
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| As I said Obama will institute Chicago-style corruption on a national scale...
Posted: 9/24/2008 3:32:07 PM | | Beyond all these talking points, how about McCain calling a timeout in the middle of the game, with respect to the debates this Friday? And when will the press be given access to Palin? Isn't that a bit of reverse sexism coming from her own party? Apparently they must think that she isn't politically capable. It seems when she can't read from the teleprompter, she is a fish out of water. | |
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| As I said Obama will institute Chicago-style corruption on a national scale...
Posted: 9/24/2008 9:59:48 PM | Are there really $700 Billion in Sub Prime Loans that are in Default of Foreclosure?
Blaming the poorest people in the US for the huge amounts of money involved is a Joke.
Jack....its not really the defaults that are causing the huge amounts its a compilation of the defaults along with a major drop in housing values. Take a house for example that before the bubble burst cost 250,000. The bank then sold the mortgage on a sub-prime basis meaning that is 2-5 years the mortgage would revert back to prime. When that happened of course the owner could no longer afford the payments as they then doubled and tripled and so defaulted. Before the bubble burst not really a major problem but add in that factor the house which was carried by freddy mac or fanny mae was only then worth half its original cost and sometimes less leaving them stranded on a house not worth whatt it even cost in materials to build. That is where the big bucks came in. Not just the default alone but add in the devalue of the house and VOILA! Now they cant unload a house valued at half its original cost for what they were in the bag on the mortgage for.
Never said anything about poor people at all dont add words in my mouth. That said NONE of the SUB-PRIME mortgages in my opinion should have been granted as most of these are with risky buyers in the first place which was why when Carter started the sub-prime mess this is eventually what we ended up with. Deregulation had nothing to do with that as it only got rid of oversight which by the way the repubs wanted MORE oversight but in order to pass the new regulation bill had to settle for cutting that to appease the dems. That little tidbit comes courtesy of BOTH PARTIES and so to all those who are blaming McCain for deregulation get your facts straight. He voted yes on the bill but so did every one else in congress as that is how a bill is passed. Sorry but McCain cant pass a bill ALL by his LONESOME | |
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| As I said Obama will institute Chicago-style corruption on a national scale...
Posted: 9/25/2008 12:03:50 AM | | Deregulation had nothing to do with it? If regulation was in place then those deemed "risky" would not have qualified. The Republicans asked for deregulation. The bill is listed on the library of congresses website. And yes the bill was signed in bi-partisan fashion, it was a concession by the democrats in order to get the bill passed, or else the bill would have died on the floor. The bill you are referring to is online. Most homes across this country, were over valued last year and the reason for the drop in the housing market has less to do with lending companies and sub-prime mortgages, as it has to do with the current global market. The Euro is worth more than the dollar, impact being felt by the rising cost of oil. When the government buys up all these bad investments and assets, how much will they sell them for? | |
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| As I said Obama will institute Chicago-style corruption on a national scale...
Posted: 9/26/2008 7:04:36 PM | Deregulation had nothing to do with it? If regulation was in place then those deemed "risky" would not have qualified.
Sorry but that is not the case. You see sub-prime lending is a byproduct of the Carter legislations (which by the way was based on a faulty study). Esentially this is what opened the door to fraudulent lending practices by the banks. Not to be confused with Fannie Mae or Freddy Mac. These banks would purposely sell homes to risky buyers knowing that all they had to do was bundle the bad loans in with the others then shovel them off to Fannie Mae or Freddy Mac. Yup the bill I am referring to is the same one HOWEVER for your information what is not ON that bill are the CONCESSIONS that the Republicans had to make in order for that bill to pass and yes part of that bill that lays on the cutting room floor was more OVERSIGHT not to be confused with DEREGULATION. It was actually the Dems who were refusing to make concessions and they were the ones who wanted LESS OVERSIGHT. | |
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| As I said Obama will institute Chicago-style corruption on a national scale...
Posted: 9/27/2008 1:28:19 PM |
Not to be confused with Fannie Mae or Freddy Mac. These banks would purposely sell homes to risky buyers knowing that all they had to do was bundle the bad loans in with the others then shovel them off to Fannie Mae or Freddy Mac.
Under the contract they have with the lenders, those loans sold to Fannie Mae and Freddie Mac were guaranteed to be good loans or the lender agreed to repurchase them. One of the problems is that over two hundred plus lenders/brokers having gone out of business over the past couple of years, both Fannie and Freddie were stuck with these bad loans.
Brandie46 | |
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| As I said Obama will institute Chicago-style corruption on a national scale...
Posted: 9/27/2008 6:38:17 PM | | ^^^^^^^^^^^I agree with you 100% however thanks to little to no OVERSIGHT and please read my previous statement as to why there was little oversight....courtesy of the DNC. The bad loans were easy to pass off because when Freddy or Fannie purchased the loans they did so as a "bundle" meaning hundreds and thousands at a time so when the bad loans were inserted into the bundle became lost in the shuffle so to speak now they are stuck with them. Take for example 100 loans at sub-prime to risky buyers. Payments for these loans are hard to judge as a median but lets for the sake of argument say 700.00 a month. If the buyer defaults then Freddy or Fannie wont be recieving in essence 70,000 dollars for that month. Now you begin to see how large the numbers can climb in a hurry. Of course the real numbers of default are much higher but this was meant to show how quickly the amounts add up. | |
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| As I said Obama will institute Chicago-style corruption on a national scale...
Posted: 9/28/2008 9:02:54 PM | Faith... I can always hope for the future lol. By the way it just might not be such a bad idea after all to let Obama win as then not only the nation but the whole world would finally see what a bad choice it would be. JQ public would be so fed up they would vote every dem out of office and the entire house and senate as well as the presidency will revert back to where it belongs in complete republican majority | |
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| As I said Obama will institute Chicago-style corruption on a national scale...
Posted: 9/28/2008 9:12:39 PM | "please read my previous statement as to why there was little oversight....courtesy of the DNC."
And in the 8 years of the Bush Administration the loans that were good loans of the 90's were paid and didn't foreclose. the democrats did those sub-primes the right way and they were good loans. However, the Republican administration took that good idea .... took away more and more regulatory oversight every years ... and turned a good thing into a bad thing.
Sorry.... false base. Buyers of the 90's made good on their loans. Can't blame this on them. Making sure there was oversight the last 8 years that brought us this was up to the Bush Administration and his greedy Republican buddies. Just look at who the staff members of the McCain campaign are .... the perpatrators of this fiasco. | |
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| As I said Obama will institute Chicago-style corruption on a national scale...
Posted: 9/28/2008 9:24:18 PM | Sorry.... false base. Buyers of the 90's made good on their loans. Can't blame this on them. Making sure there was oversight the last 8 years that brought us this was up to the Bush Administration and his greedy Republican buddies. Just look at who the staff members of the McCain campaign are .... the perpatrators of this fiasco.
De-regulation and oversight are two seperate and different things. As I said before the repubs wanted MORE OVERSIGHT and less REGULATION however dems said no to that they wanted less OVERSIGHT so guess who won the p*ss*ng contest. I am with you part of the way in the fact that this was a COMBINED effort on BOTH sides of the isle that got us here and as such BOTH sides of the isle should be blamed equally however that wont happen as we all can attest to here on just this forum because in our lamentations we want to blame someone but that someone has to be from the other side right? | |
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| As I said Obama will institute Chicago-style corruption on a national scale...
Posted: 9/30/2008 12:33:58 PM |
De-regulation and oversight are two seperate and different things. As I said before the repubs wanted MORE OVERSIGHT and less REGULATION
You might want to rethink that statement. What sort of oversight can you have without regulation? Oversight is used to enforce regulations. Neither party has clean hands here - they've both become right wing, business oriented parties. There isn't anyone in the committee rooms looking out for the interests of the country - both have subscribed to the notions that what is good for business is good for the nation, and that the business of government is business.
Every representative who called for restrictions on unfettered greed became the target of well funded campaigns where he or she was portrayed as a socialist. There are no more than a handful left in Congress now. | |
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| As I said Obama will institute Chicago-style corruption on a national scale...
Posted: 9/30/2008 4:54:52 PM |
You also know about the new law in Michigan, Philly ?
This was never a law and never proven. I won't say they won't be stupid enough to try something like this...either side of the aisle...but the majority of Michigan taxpayers are PO'd at our government already and right now they're walking on eggshells as we get to clean house this November...well at least half of it. | |
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| As I said Obama will institute Chicago-style corruption on a national scale...
Posted: 9/30/2008 7:15:50 PM | | Dad I both agree with you and disagree at the same time. Yes you can deregulate and have more oversight. As in someone looking directly over the a$$wipes shoulder to make sure he adheres to regulations that are in place. At the same time I agree that this is a bipartisan problem and as such both sides are well into the soup. My assesment is that this may be why congress now enjoys a 10% rating which OMG that is sooo laughable if it wasnt true. I say sh*tcan the lot of em and start fresh. | |
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