Everyone is to blame, Americans living like they were all millionaires. Buying BMW and Mercedes SUV's like they were going out of style, building 5,000 sq foot McMansions they could never afford. Maxing out all 5 credit cards to the tune of $125,000 and making minimum payments on all of them. Perpetual unending debt, until they turn 60 and realize they only have $50,000 socked away for retirement. Basically the American consumer is the one to blame, they signed on for those sub prime and Alt A mortgages. People buying things they wanted, instead of only the things they needed. Sure Greenspan lobbied congress heavily until they relented and let debt be securitized, once it could be sold off then the banks were not worried about whether the consumer could pay or not as they no longer owned the loans, investors did. Since there was no risk they would give anyone who could fog a mirror a nice low rate loan so they could afford to live in Beverly Hills on a $30,000 a year income.
Right wing mother cries on CNN
- Thread starter FlyLikeAnEagle
- Start date
londonfog
Well-Known Member
and now he is the President ..while you sit back and do well. ??????? I guess just blog about him....lol...... man got to love it...Great speech tonight Mr. President
CrackerJax
New Member
When the govt runs out and makes the banks write loans in areas they wouldn't normally and at rates they wouldn't normally, and waives fees and looks the other way at credit history.....
..... everything is going to be just ducky. Let's just keep doing it.... okay?
let's just pass the money out right on the corners!! 
why work hard? why pay your bills on time? why protect your credit rating? Why pay your mortgage?
Why indeed....... when the govt. goes around behind your back and trashes the real estate markets and banks along with them....... yes, why indeed.
Millions, the vast majority did the right things. The govt. for POLITICAL reasons wants to make home ownership a right, instead of a privilege. An EARNED privilege. So those who played by the rules now have to PAY for those that didn't. Thanks to the Govt.
Now Congress wants to do it again....... enough already.
..... everything is going to be just ducky. Let's just keep doing it.... okay?
let's just pass the money out right on the corners!! why work hard? why pay your bills on time? why protect your credit rating? Why pay your mortgage?
Why indeed....... when the govt. goes around behind your back and trashes the real estate markets and banks along with them....... yes, why indeed.
Millions, the vast majority did the right things. The govt. for POLITICAL reasons wants to make home ownership a right, instead of a privilege. An EARNED privilege. So those who played by the rules now have to PAY for those that didn't. Thanks to the Govt.
Now Congress wants to do it again....... enough already.
jrh72582
Well-Known Member
Nice bit! I sure do love comedy.
And for the record, show me someone affording a $250,000 home and an $80,000 hummer while making only $20,000. I'm calling you a liar. And if this imaginary person exists, prove the causality linking their existence to democrats. You are the epitome and full manifestation of silliness
londonfog
Well-Known Member
If you believe this you know nothing about banking,money, or federal reserve and would do better to just start using rice.
OregonMeds
Well-Known Member
Fuck you both republicans and democrats! Your bickering not just the republicans dragging their feet has cost us all because we aren't getting a single provider system.
Now we'll have a half assed mix of the same old shit paying the same rediculous prices to the same for profit hospitals. Costs will be just as high and very little changes at all.
Crossing my fingers that even one thing will actually get better...
Now we'll have a half assed mix of the same old shit paying the same rediculous prices to the same for profit hospitals. Costs will be just as high and very little changes at all.
Crossing my fingers that even one thing will actually get better...
CrackerJax
New Member
There are ways to fix the health system in terms of cost. in terms of quality, there's nowhere to go but down.
NorthwestBuds
Well-Known Member
You have my vote for the official antichrist of this site. Anyone agree with me?
I thought the federal reserve was created by marxists? Wouldnt that be democrates buddy?If you believe this you know nothing about banking,money, or federal reserve and would do better to just start using rice.
If im correct back then the repulican party was majority free masons. The income tax is a marxist democrate neo-con policy period.
I could be wrong on that but I doubt it im still convinced its democrates. Im not talking about what "label" the politicians put themselves under. Im talking the policy, The policy you choose chooses your party for you.
You can say your a repulican but if you raise taxes you only got democrate constituants. You see he calls him self a republican but its just to move the vote and get majority rule next election. Democracy is fun when you can cheat!
Red rhino grower
New Member
hom36rown
Well-Known Member
Do you realize how ridiculous you sound? First of all, he did not mention just ONE cause. The "right" to home ownership mentality, fannie and freddy, and the fed artificial lowering of interest rates, are the major causes of the housing bubble.
I suppose when you were in history class, and the question, "what were the major causes of the civil war?" came up, you wrote, 'I cannot answer that, it would be logical fallacy unless I stated every single thing that contributed to the civil war.' My, how convenient.
I suppose when Obama explains the problem is deregualtion, you think he is an idiot because he has fallen prey to logical fallacy.
DEMOCRATES CONTROL CONGRESS!!!!!! WHAT THE FUCK CAN REPLICANS DO RIGHT NOW!?!?!
I mean holy shit no wonder every state not in the south is fucked. Just so you all know everything in the south is fine we can still find jobs and afford our houses. Price of living is still down and our economy is still booming while companys leave? Wounder why that is? Cant seem to figure it out? Oh yeah we are majorty republicans and didnt follow the rest of the country down the welfare state witch is what distoryed them. Welcome to the real world democrates you gotta pay for all that stuff.
By all means im not supporting republicans but on the subject of the economy democrates should just but out because the south is republican CONTROLLED and we are doing fine while the rest of the country waits for a welfare check to even have a state government. You lost your states rights when you begged for a bail out you are a federal whore that can no longer declare your self a free state because your state wouldnt exist without free handouts from the government stolen from the southern states in income taxes.
So you fucking Obama lovers are very welcome.
I mean holy shit no wonder every state not in the south is fucked. Just so you all know everything in the south is fine we can still find jobs and afford our houses. Price of living is still down and our economy is still booming while companys leave? Wounder why that is? Cant seem to figure it out? Oh yeah we are majorty republicans and didnt follow the rest of the country down the welfare state witch is what distoryed them. Welcome to the real world democrates you gotta pay for all that stuff.
By all means im not supporting republicans but on the subject of the economy democrates should just but out because the south is republican CONTROLLED and we are doing fine while the rest of the country waits for a welfare check to even have a state government. You lost your states rights when you begged for a bail out you are a federal whore that can no longer declare your self a free state because your state wouldnt exist without free handouts from the government stolen from the southern states in income taxes.
So you fucking Obama lovers are very welcome.
CrackerJax
New Member
Notice how the stimulus package (an abject failure to be what Obama said it would be, another lie), has big kick ins of cash at 2010, and 2012?
What is so special about those years again?
This is no way to run an economy........ it's not even a good way to run politics.
What is so special about those years again?
This is no way to run an economy........ it's not even a good way to run politics.
Operation 420
Well-Known Member
Gotta have those handouts ready for the lobbyists come election time.
Democraps better have fun now, because the party is almost over.
Have fun in the private sector!
You have my vote for the official dunce of this site. Anyone agree with me? Hey this is fun.
Agreed. Way too many people miss this point. Some people come to the US to receive care because they'd have to wait for in their country. Some people in the US go to other countries to have things done because the cost is so much lower. And of course there are exceptions. The care is not the problem here, the problem is the cost.
FlyLikeAnEagle
Well-Known Member
Interesting. Guess you didnt realize the southern states have the highest poverty rates and suck more money from federal funds than they give.
Go ask California about poverty and sucking money. Go ask them about price of living IN ghetto projects!
Im sorry but yeah its hard for me to find a homeless person where I live they are all in one part of the state and a majority of them came from OTHER states here BECAUSE of the price of living.
So our poverty is YOUR homless running here for SURVIVAL once agian your welcome when you loose your job and the only one you can find is in the south because we dont run them off. Your welcome.
CrackerJax
New Member
If you wish to find poverty, just follow the govt. programs.... they breed poverty.