Next up: U.S. mortgage rescue plan

[VRM]

Originally Posted by cobra de capell

My only wish is for VRM, CobraBill and Excalibar to somehow put their funds up first - liberals (at least Obama supporters/Non-McCain/Palin voters) first, conservatives last up. Now that would be justice done!

Well, when are you going to take responsibility for the candidate you had in office for the last 8 years who managed to double the national debt? Lets just double your taxes to cover it. Learn to take responsibility for your actions.

[cobra de capell]

Originally Posted by VRM

Well, when are you going to take responsibility for the candidate you had in office for the last 8 years who managed to double the national debt? Lets just double your taxes to cover it. Learn to take responsibility for your actions.

As always, VRM the truth suffers when you post. I'm thinking.....

Back to the subject, versus a serially repeated history lesson from a biased reporter - this is nothing but smoke and mirrors. But the media will start reporting how much this helped the people and they’ll never again mention the word “foreclosure”. The messiah has acted and all is well!

[VRM]

Mike,
Excellent post!
I'm not familiar with the site you posted from, but like a broken watch that is correct twice a day even WND and Move-On can get it right once in a while.

Subprime loans are nothing new. They have higher risk, but they also carry a higher reward. Thinking banks can regulate themselves is like thinking that you can negotiate with a fox to only take 1 chicken every 3 days if you let him into the henhouse. It is just not in their nature.

I despise regulation, but I also know that in some cases the alternative is worse because human nature will will frequently cause us do the thing that might seem like a great idea in the short term, but is ultimately bad in the long term. In this case these regulations need to be there to protect the idiots trying to get loans as well as the people who will be forced to cover the losses when the banks are allowed to abdicate their own responsibility.

The only thing that gives us a chance at surviving in a civilised manner is our laws, and the penalties for not following them (we need to beef those up as well).

Steve


BTW CdC,
That one was actually funny! I'm used to your usual repetitive mantras showing that you have no imagination (and you managed to not disappoint me again this time), but the graphic you managed to find somewhere was quite good!

[bomelia]

Why.... uh.... thank you Steve!

I'm blushing.

TCS is a very good site... www.techcentralstation.com

Viewpoints wander the spectrum. Stupid name though. You can even post comments to the authors (and read other's.)

Its not about regulation, its about using tax dollars to to pay off individual's mortgages. I am still curious to see how Obama will determine if a person bought a house that they should not have bought (before offering aid.)

Moral Hazard be dammed. Their ain't one. No risk investing. Redistribution.

BTW, Frontline did an EXCELLENT program on the meltdown last night. My only issue was that Barney Frank was made to look like a guru, prognosticator, above it all kind of guy when we ALL know he was in the middle of it. Oh well, it is PBS afterall. Toss Barney another softey, will ya?

Watch it if you missed it.

Mike

[bomelia]

BTW, on O'Reilly tonight, Sen Shelby was criticized for being critical of the bail out and (republicans in general) for not offering a solution (instead of being critical. Sound familiar? Dam the democrats are good.

What to do for the poor shmuck who over borrowed? Simple. Renegotiate terms so that the payments are smaller and last over a longer period of time. Or, long enough until the economy starts to improve. Keeps the house in his hands (instead of the bank who does not want it) and keeps money flowing in the economy. Once "toxic" assetts become non-toxic (at least for a while.)
THis will not help everybody, but it will make a huge dent in the problem.

But no, lets use tax payer money to help these folks make their payments.

Problem is, democrats do not want to hear anything conservatives have to say. And they have the numbers to keep it that way.

Mike

[VRM]

SPF,
Yes on the % of GDP. If you look there as well it dropped a bit under Carter, but then went from about 35% when Carter left office to about 65% when Bush Sr left office (a HUGE jump from those 'fiscally responsible' folks). Clinton got it down to about 60% and Bush got it up to about 70%.

The DNC is partly responsible for this mess, and everybody knows it. The GOP is also partly responsible, but a lot of people seem to think that their poo don't stink. Watch - CdC will offer up some repetitive sage wisdom telling me that the truth suffers.

Mike,
I'll go check out TCS sometime.

Lack of proper regulation allowed this to happen. Plain and simple. Adding regulation will not fix the current problem though, and neither will the 'stimulus'.

I said the same thing on this forum a few months ago regarding redoing the loan terms to keep people in their houses.

And this $7 pay period tax break is just not going to do anything. The bulk of this is just a bloody waste of more taxpayer money.

While I agree with a lot of what the GOP is saying about this stimulus mess the GOP is now being treated just like they were treating everyone who disagreed with them a few years ago - though I don't think anybody has told the GOP to leave the country yet for disagreeing with the majority.

I keep hoping that one of these idiot parties we have will stop being childish hypocrites. I'm pretty sure it won't be the GOP or the DNC, though.

[Fred Douglass]

......this morning said it very well. I'm for another tax revolt! It's what started the movement for independence, after all. Wonder if Hillary agrees with the hordes of people warming up to criticize Comrade Obama (at great risk, I might add, of being called "racists")! Didn't she, after all, indulge in some atonal screeching about liberal "patriotism"?

Time for a 10% flat tax---which will probably bring all forms of tax evasion (legal and illegal) to a screechin' halt and get even MORE money into the Treasury so the liberals can simultaneously buy votes and add (even more) people to welfare roles and the masses utterly dependent on the Gummint!

Yippa daing!

BTW, I haven't paid any mortgage installments in 2 years! Hint: check my birfdate!!!

Ar-ar-ar-ar.

PS: Izzit true (as Rush just said [1:38 p, 2/19/09) that Putin has warned us and (Chavez) not to go down the socialist road to ruin? i.e. "Don't do this----look what it did to Russia!"

PPS: Don't tell me (same source as PS above) that O-frekin'-bama has ordered the statue (bust?) of Winston Churchill removed from the White House! CAN'T be true! But, if it is....well........it tells ya more than you want to know....

Carrion,

[Bobcat]

Hey Freddie .... agree on the tax issue .... but you might want to Goggle FairTax.org and let me know what you think .
Looks like reading "Atlas Shrugged" needs to be mandatory .... it shows a way out of this mess/coming train wreck .... and the parallels to today are scary .
I heard today that Mayor Bloomberg in NYC opposed raising taxes on the high producers/income people . Probably more self serving than concern for them as I think he is afraid they will leave NYC and then where would he be ? But he did say that 50% of all NYC taxes are paid by 1% of the taxpayers . Here is a perfect chance to implement a little scorched earth policy on our part ... those people should leave NYC , let the city self destruct .... and become a shining beacon to how well Socialism works .
Boy am I thankful I have zero debt and own my home !!

[Dan40]

Originally Posted by VRM

Well, when are you going to take responsibility for the candidate you had in office for the last 8 years who managed to double the national debt? Lets just double your taxes to cover it. Learn to take responsibility for your actions.

Bush [a closet Democrat] did double the National Debt in 8 years and I, an Independent, did vote for him both times. So I take my share of the responsibility. Some responsibility must go on those who put up Gore and Kerry too. Bush was bad, but the easy best choice over those dummies!

And if doubling the debt in 8 years is bad, AND IT IS! How is doubling it again in half that time GOOD???? And at the present rate, we will easily double the debt in less than 4 years.
Admitting Bush was bad or kidding oneself that he wasn't, is not any kind of a prediction of the new guy. And so far he looks like a brain damaged Jimmy Carter. Or worse, an eloquent Pelosi PUPPET!

Dan

[VRM]

Originally Posted by Dan40

Bush [a closet Democrat] did double the National Debt in 8 years and I, an Independent, did vote for him both times. So I take my share of the responsibility. Some responsibility must go on those who put up Gore and Kerry too. Bush was bad, but the easy best choice over those dummies!

And if doubling the debt in 8 years is bad, AND IT IS! How is doubling it again in half that time GOOD???? And at the present rate, we will easily double the debt in less than 4 years.
Admitting Bush was bad or kidding oneself that he wasn't, is not any kind of a prediction of the new guy. And so far he looks like a brain damaged Jimmy Carter. Or worse, an eloquent Pelosi PUPPET!

Dan

Dan,
I actually think that Kerry and Gore would have caused us less harm than Bush, though in specific areas I give Bush credit for doing the right thing (right after 9-11 for example) that I doubt Gore or Kerry would have. I think Kerry would have been very indecisive, but doing nothing may be better than making the wrong decision almost all the time like the Bush administration did. There is no way to prove or disprove any of this. Watch, though - I will be called names for even saying it.

I did not vote for Obama, and I disagree strongly with the majority of items in this spending bill. Obama is doing the wrong thing - McCain would have done the wrong thing also, but his wrong thing would be a different wrong thing that would have us end up in just as much debt (or more as the numbers indicate that the GOP borrows and spends).

We, as a country, need to wake up and realise that neither party is what we think it is or want it to be. And we need to start voting accordingly.

Steve

[Ron61]

Steve,

I am afraid that "We as a country" are no longer relevant. These people will have it so they can't be removed from office except by force within a year or so. Letting us vote is just a way of keeping to many people with the power to actually get rid of some of these fools now from doing it.

Ron

[VRM]

Originally Posted by Ron61

removed from office except by force

Fine by me...

I need a Rambo smiley.

[cobra de capell]

Originally Posted by VRM

Fine by me...

I need a Rambo smiley.

You may need one, but only true Conservatives can use Rambo smilies...




Rasmussen poll: 76% percent don't want to pay higher taxes to pay their neighbor's mortgages

Thank God for a bucketload of sanity. Will it change what these IDIOTS are doing? Nope.

Personally I give it 6 months before Congress critters start getting nailed by pi$$ed off citizens.

[392cobra]

Originally Posted by cobra de capell

Rasmussen poll: 76% percent don't want to pay higher taxes to pay their neighbor's mortgages

Personally I give it 6 months before Congress critters start getting nailed by pi$$ed off citizens.

"You cannot legislate the poor into freedom by legislating the wealthy out of freedom. What one person receives without working for, another person must work for without receiving. The government cannot give to anybody anything that the government does not first take from somebody else. When half of the people get the idea that they do not have to work because the other half is going to take care of them, and when the other half gets the idea that it does no good to work because somebody else is going to get what they work for, that my dear friend, is about the end of any nation. You cannot multiply wealth by dividing it."

– The late Dr. Adrian Rogers , 1931 to 2005

[Fred Douglass]

"....the banks may have to be nationalized, but THAT SHOULD JUST BE TEMPORARY....."

TEMPORARY? Hoohahahahahahahahahahahhahahahahaha! Temporary? OMG! Now THAT guy's got a sense of humor!

Heeeeeeeeeeere we go, gang!

I betcha that NOT ONE of these magical and miraculous provisions of the First Thirty Days of the Messiah will ever be undone or reversed. (Remember those ACORN voters are reproducing like rabbits!).

This (like our cars) is going to be one amazing ride!

Carrion,

[Dan40]

Originally Posted by VRM

Dan,
I actually think that Kerry and Gore would have caused us less harm than Bush, though in specific areas I give Bush credit for doing the right thing (right after 9-11 for example) that I doubt Gore or Kerry would have. I think Kerry would have been very indecisive, but doing nothing may be better than making the wrong decision almost all the time like the Bush administration did. There is no way to prove or disprove any of this. Watch, though - I will be called names for even saying it.

I did not vote for Obama, and I disagree strongly with the majority of items in this spending bill. Obama is doing the wrong thing - McCain would have done the wrong thing also, but his wrong thing would be a different wrong thing that would have us end up in just as much debt (or more as the numbers indicate that the GOP borrows and spends).

We, as a country, need to wake up and realise that neither party is what we think it is or want it to be. And we need to start voting accordingly.

Steve

I agree that doing nothing would be better than the "Stimulus Plan."
Pain IS going to be felt in this economic downturn. No plan would allow the pain to be felt by those who thought they were beating the system. Instead of by us paying for their corruption.
I think Gore and/or Kerry would have been much worse than Bush. Just as Obama is going to be.
I agree McCain would have made wrong moves too, any politicians available today would.

I think McCain 'took' one for the Party. I think the GOP KNEW they had NO chance after Bush and McCain's career is in twilight, so he was the 'lamb' sent to slaughter. I think the GOP was surprised it wasn't Hillary that got the nod but they had made their bed by then.

Dan

[cobra de capell]