Change we can believe in

[LOVEMYIRISH]

$787 billion. Someone has a "righteous wind at his back."

Stock market responded well to this great news...

A song for those filled with hope in an unproven hype machine...

Of course the stock market is generally run by the same assholes who thought CDOs were a top notch idea!!!

 

[IrishAlum1997]

Of course the stock market is generally run by the same assholes who thought CDOs were a top notch idea!!!

Um, isn't the stock market driven by consumer confidence? We believe or don't believe in the profit-making ability of businesses and buy or sell shares of their stock accordingly?

Sorry if I'm missing the point of your comment...

 

[notredomer23]

I am a firm beleiver in Glen Beck's line of thinking and by 2014 we will be having a revolution

 

[IrishAlum1997]

Wanna see America in 2014 on the track we're on? Go out and watch 'The Running Man.'

IBS is in charge.

Who do you love????? KILLIAN!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

 

[notredomer23]

What I dont get is, we have been in just as bad or worse rescessions before. But we came out of them with out doing all this stimulis garbage. By the end of his first term I wouldnt be surprised if we are the Socialist States of America instead of the United States of America if he keeps going down this path.

are my views extreme? probably. But I am bracing for the worst because I never thought Obomba would be this bad this quickly

 

[IrishAlum1997]

What I dont get is, we have been in just as bad or worse rescessions before. But we came out of them with out doing all this stimulis garbage. By the end of his first term I wouldnt be surprised if we are the Socialist States of America instead of the United States of America if he keeps going down this path.

are my views extreme? probably. But I am bracing for the worst because I never thought Obomba would be this bad this quickly

It's O-BUM-A. Take from the middle class, give to the poor.

 

[TDHeysus]

Respectfully, I could not disagree with you more. When my wife and I purchased our home about a year ago we sat down and went over our finances and decided that we could comfortably spend "x" amount of money on a new house. It did not matter how much the bank wanted to give us or how big of a house the realtor wanted to sell us. We were responsible for our own spending and if we would have gotten in over our heads we would have had no one to blame but ourselves. There is a major lack of accountibility in our society. No one is ever wrong, its always someone elses fault.
We are in this situation because irresponsible people bought way more house than they could afford and it is now catching up to them. Note: If you are a responsible person who bought a house within reason but have lost your job and house due to the down economy then I feel for you and this does not apply.

I will agree that it was partially irresponsible buyers. If your young with a family, and realtor tells you that he can get you in a house, arent you going to consider that? they were knowingly giving loans to ppl who did not make enough money to pay the note. These clients could never qualify for a loan thru full documentation. They were betting on the housing market to continue going up and up. Your situation appears to be different. It appears that you have the job, the income, responsibility, and stability to pay for your mortgage note. The guy who was 28, making 31k a year flushing away $1200 in rent per month, was prime picking for these shady realtors.

Realtors, not all, but ALOT of them gave loans to ppl that simply did not qualify. Realtors knew that here is a client that can barely make an interest-only loan payment, once that loan matures, that payment will balloon to 5K+ (at least in cali it did) and that person making 31K will not be able to make even half that payment. Alot of ppl lost their home that way. If they were lucky, they were offered a short sale by their bank holding the note. By this time, the realtors and the ppl working for them, already made their money on this client and they were free and clear. The loan was sold off, and now the banks own 1000's and 1000's of homes nation wide with no one qualified to buy them. Given that US economy has a great effect on the global economy; I think this has serious effect on the economy, globally.

Nationwide, especially in CA, 1000's realtors repeated the above scenario 1000's of times. 1000's of ppl lost their homes within 24 months of buying them. Companies like CountryWide, bought up all these bad loans and are now left holding the bag.

bottom line, if you cant afford the down payment on a house, you cant afford to buy one.

by the way...im sitting at a 30 year fixed at 5.75%, even after the value of my home has dropped 95k, i'm not upside down on my house. When I bought my house in August of 2005, I insisted on a 30-year fixed rate, full documentation loan. 66k down payment. there was no way I was going to allow my house to be pull out from under me.

 

[Ultimate Penn St. Hater]

What I dont get is, we have been in just as bad or worse rescessions before. But we came out of them with out doing all this stimulis garbage. By the end of his first term I wouldnt be surprised if we are the Socialist States of America instead of the United States of America if he keeps going down this path.

are my views extreme? probably. But I am bracing for the worst because I never thought Obomba would be this bad this quickly

We weren't spening $300 Billion a day in Iraq during those recessions.

 

[WabashFalcon]

And.... here we go with the war again....

 

[IrishAlum1997]

We weren't spening $300 Billion a day in Iraq during those recessions.

I understand the power of grossly misrepresenting the facts when trying to sway opinion/win votes...

$300 BILLION a day in Iraq...Obama is going to create 4 million jobs with his economic 'recovery' plan...

Successful strategy.

 

[NeuteredDoomer]

I will agree that it was partially irresponsible buyers. If your young with a family, and realtor tells you that he can get you in a house, arent you going to consider that? they were knowingly giving loans to ppl who did not make enough money to pay the note....[/I]

Good post. Thanks for sharing. I personally witnessed firsthand these events and warned people. To no avail. I know idiots on all sides involved. They got what they deserved.

Agree with Ultimate PSH's point.

IrishAlum1997, either get a clue or give it a rest. We don't need anymore Limbaughs or OReillys.

 

[fortwayne_nd]

We weren't spening $300 Billion a day in Iraq during those recessions.

The US isn't spending $300 Billion a day in Iraq. Its a trillion dollar war. Where did the other $4 trillion go? Bush wasn't a deficit hawk, he was Obama-light. Neither party has a problem spending my tax dollars.

 

[fortwayne_nd]

I understand the power of grossly misrepresenting the facts when trying to sway opinion/win votes...

$300 BILLION a day in Iraq...Obama is going to create 4 million jobs with his economic 'recovery' plan...

Successful strategy.

Successful strategy - no doubt. Not only is the truth in short supply, but even common sense is alarmingly absent.

Regarding "$300 billion a day in Iraq" That works out to $2.1 trillion a week and over $100 trillion a year. Its so obviously wrong that even a person of average intelligence should be able to figure it out. Here's the scary part, the poster probably truly believes what they posted because Kouric, Olberman, Gibson, etc. said it. Right now, I think the left has pulled ahead of the right in the dumbass sweepstakes. And the rest of us get to go along for the ride.

 

[NeuteredDoomer]

Successful strategy - no doubt. Not only is the truth in short supply, but even common sense is alarmingly absent.

Regarding "$300 billion a day in Iraq" That works out to $2.1 trillion a week and over $100 trillion a year. Its so obviously wrong that even a person of average intelligence should be able to figure it out. Here's the scary part, the poster probably truly believes what they posted because Kouric, Olberman, Gibson, etc. said it. Right now, I think the left has pulled ahead of the right in the dumbass sweepstakes. And the rest of us get to go along for the ride.

I believe "that poster" was simply trying to make a point.

We be where we be. We need to fix it. No need to blame. Just fix it.

 

[no.1IrishFan]

I believe "that poster" was simply trying to make a point.

We be where we be. We need to fix it. No need to blame. Just fix it.

True that, there is plenty of blame to go around and many differant parties that contributed to the problem. We need to stop pointing the finger of blame(myself included) and just effin fix it. However that might be.

 

[NeuteredDoomer]

United we stand, my friend.

 

[IrishAlum1997]

Good post. Thanks for sharing. I personally witnessed firsthand these events and warned people. To no avail. I know idiots on all sides involved. They got what they deserved.

Agree with Ultimate PSH's point.

IrishAlum1997, either get a clue or give it a rest. We don't need anymore Limbaughs or OReillys.

This coming from the guy who pretends to be a deer. MMM, jerky. Really funny stuff, dude. The bashing of the last administration has elevated to epic proportions. Can't have an opinion about what the Messiah is doing. Makes me clueless.

Is 'getting a clue' mean I have to become a Democrat? I'll take the frontal lobotomy for $100, Alex.

And actually, we need more Limbaughs and O'Reillys to offset the Pelosis and Reeds and Frankens and Kennedys.

 

[LOVEMYIRISH]

Um, isn't the stock market driven by consumer confidence? We believe or don't believe in the profit-making ability of businesses and buy or sell shares of their stock accordingly?

Sorry if I'm missing the point of your comment...

No, the stock market is not driven by consumer confidence.

Stock market valuations are developed by guys who run mutual funds, work at I-Banks, and their Analysts, etc. The valuations are developed by the guys who never for a minute believed that housing prices could drop.

They have a lot of soul-searching, and more importantly MODEL revisions to do.

 

[LOVEMYIRISH]

It's O-BUM-A. Take from the middle class, give to the poor.

You mean take from the middle class and give back to the middle class.

The middle class just got 1 of the 3 largest tax cuts they have ever had.

Here's the rub, it's all one big loan...so was Bush's back in his first term. Not a tax cut as much as a deferral of payments.

Really what we have seen with Obama and Bush is the pushing of payments on to the next generation. However, Obama's has been done to respur the economy on. Bush's was done for no good reason whatsoever.

 

[LOVEMYIRISH]

And actually, we need more Limbaughs and O'Reillys to offset the Pelosis and Reeds and Frankens and Kennedys.

The Limbaugh's and O'Reilly's ran the Congress from 1995-2006...how'd that work out anyway?

 

[NeuteredDoomer]

This coming from the guy who pretends to be a deer. MMM, jerky. Really funny stuff, dude. The bashing of the last administration has elevated to epic proportions. Can't have an opinion about what the Messiah is doing. Makes me clueless.

Is 'getting a clue' mean I have to become a Democrat? I'll take the frontal lobotomy for $100, Alex.

And actually, we need more Limbaughs and O'Reillys to offset the Pelosis and Reeds and Frankens and Kennedys.

this avatar was given to me.

How about just do your job and keep your mouth shut?

I am the poster child of conservative, but neocons make me sick.

 

[IrishAddiction]

this avatar was given to me.

How about just do your job and keep your mouth shut?

I am the poster child of conservative, but neocons make me sick.

agreed. im conservative.....oreilly and limbaugh make me sick too though. Not saying polussi and kennedys or obamas are the answer, but the previous definately arent either. Hell, i was going for Huckabee. That shit didnt pan out too well though, ended up having to vote for the lesser of two evils...again. Damn primarys.

Too far left or too far right just ends up making people look stupid.

 

[IrishAlum1997]

this avatar was given to me.

How about just do your job and keep your mouth shut?

I am the poster child of conservative, but neocons make me sick.

Yeah...it's just the avatar.

You'reth gettingth a bit aggressive for my likingth. I'll chooseth to continueth disagreeingth with this stimulusth, supportingth conservativeth valuesth, and voicingth my opinionsth on a messageth boardth.

Take it, leave it, or blame Bush. It's all tits and roses to me.

GO Irish!!!

 

[NeuteredDoomer]

Yeah...it's just the avatar.

You'reth gettingth a bit aggressive for my likingth. I'll chooseth to continueth disagreeingth with this stimulusth, supportingth conservativeth valuesth, and voicingth my opinionsth on a messageth boardth.

Take it, leave it, or blame Bush. It's all tits and roses to me.

GO Irish!!!

lol You know you are my bud. We just need to fix things.

Luv ya my friend.

Lithp therapy theemth to help.

 

[NeuteredDoomer]

... Huckabee...

He was my choice.

 

[no.1IrishFan]

He was my choice.

Mine too.

 

[no.1IrishFan]

I like his shoes.....haha I said it first.

 

[ACamp1900]

This coming from the guy who pretends to be a deer. MMM, jerky. Really funny stuff, dude. The bashing of the last administration has elevated to epic proportions. Can't have an opinion about what the Messiah is doing. Makes me clueless.

Is 'getting a clue' mean I have to become a Democrat? I'll take the frontal lobotomy for $100, Alex.

And actually, we need more Limbaughs and O'Reillys to offset the Pelosis and Reeds and Frankens and Kennedys.

absolutely agree with where that is going

The Limbaugh's and O'Reilly's ran the Congress from 1995-2006...how'd that work out anyway?

According to the left this was a Golden era where money was endless, our enemies were helpless and the country was never better....... all because of Clinton......

 

[IrishAlum1997]

lol You know you are my bud. We just need to fix things.

Luv ya my friend.

Lithp therapy theemth to help.

You are my rep buddy. I have put the rifle down.

 

[NeuteredDoomer]

May I politely hump your kneecap?

I'm small and cute.