Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
I wasn't trying to be funny. I was simply addressing a message that YOU posted with a quote duly edited out of context. What kind of people do that? Someone with logical and proper reasoning, or dishonest people with an agenda, especially when they continue to refuse accepting the context.
I know you weren't trying to be funny; that doesn't mean you aren't. It's kind of like a person painting a portrait that ends up looking like a caricature. The complete quote doesn't change or disqualify my point at all. You could post the whole transcript to make sure it was in complete context and it wouldn't change anything. Sorry, but your argument just isn't valid and it's because you're trying to make the discussion about something else. Paint on, Picasso.
Obama is not an idiot, he's an ideologue in denial...
Quote:
Originally Posted by BucsLose
I think its an excuse to try and increase spending, as if continuing to spend money we dont have is the answer. This stupid fool actually put down state governments for trying to put a reign on spending. Unbelievable.
Actually, Obama is just telegraphing his playbook. You see all of the states have to be in as much economic trouble as CA, IL, and RI if Marxism is to take over the country. The Socialists cannot have states with balanced budgets (as their own laws require) or any autonomy from the federal government lest they find out they really can do most things without the feds.
From this side of the pond, back in the Bush era our then Finance minister saw the sh*tstorm coming. He clamped down on credit with a credit act, upped the Prime interest rate and put a stop to the concepts of buying a house with a 100% bond incl transfer fees and legal costs and only starting to pay next year in 6 months time.
Hurt me big time as I am in the home improvement game and we are still not out of the woods.
To put this in perspective, in 2004 I bought a house cash for 120k it is now valued at R850k. This is not a normal growth as it was in earlier years. My 1st house I bought for 45k and sold for 780k with improvements. That increase was over a period of 20 years and most of that was in the last 5 years leading up to 2005. I only made 350k profit as it was a breeze to get extra credit and put the house up as collateral.
By the time the markets crashed and al the world felt the pain following the US model of trading derivatives (repackaged debt) we sit with overinflated assets and there is no way in hell the banks will allow them to go back to where they are supposed to be. IOW my 120k house should only be worth 160k plus the improvements I did which was 480k. Luckily I did this all cash.
The measures taken by our FM, harsh as they were, actually created a buffer to the collapse and we were not hit as hard.
So anyone that thinks Obama is responsible had no frigging clue of world markets and just how bad it is.
We are most likely heading for an eventual crash but what one must realise, many emerging economies like India and China are also wanting a piece of the "American Dreamâ„¢" of owning a house in the suburbs, 2.5 kids, college education and all. Resources are finite and there are more competitors.
5% of the global population consume 32%(?) of the world's oil. Kinda think the 95% are pissed off about this, you are damn right. It is overpriced as the yanks control the price making it difficult for the competitors to the finite pie.
Romney in his magic underwear has no solution and what are you lot gonna do or say when it folds under his admin? Meet the new boss, same as the old boss.
It is gonna get a lot worse before it gets better. We are all slaves to the system and there is bugger all you (or I) can do to change that.
I know you weren't trying to be funny; that doesn't mean you aren't. It's kind of like a person painting a portrait that ends up looking like a caricature. The complete quote doesn't change or disqualify my point at all. You could post the whole transcript to make sure it was in complete context and it wouldn't change anything. Sorry, but your argument just isn't valid and it's because you're trying to make the discussion about something else. Paint on, Picasso.
Yes, it does. It transforms the outcome, to something you didn't want it to be. "Debt is not the reason" is different from "debt is not the only reason". There is more to it, than you find convenient to include because it doesn't help your cause.
From this side of the pond, back in the Bush era our then Finance minister saw the sh*tstorm coming. He clamped down on credit with a credit act, upped the Prime interest rate and put a stop to the concepts of buying a house with a 100% bond incl transfer fees and legal costs and only starting to pay next year in 6 months time.
Hurt me big time as I am in the home improvement game and we are still not out of the woods.
To put this in perspective, in 2004 I bought a house cash for 120k it is now valued at R850k. This is not a normal growth as it was in earlier years. My 1st house I bought for 45k and sold for 780k with improvements. That increase was over a period of 20 years and most of that was in the last 5 years leading up to 2005. I only made 350k profit as it was a breeze to get extra credit and put the house up as collateral.
By the time the markets crashed and al the world felt the pain following the US model of trading derivatives (repackaged debt) we sit with overinflated assets and there is no way in hell the banks will allow them to go back to where they are supposed to be. IOW my 120k house should only be worth 160k plus the improvements I did which was 480k. Luckily I did this all cash.
The measures taken by our FM, harsh as they were, actually created a buffer to the collapse and we were not hit as hard.
So anyone that thinks Obama is responsible had no frigging clue of world markets and just how bad it is.
We are most likely heading for an eventual crash but what one must realise, many emerging economies like India and China are also wanting a piece of the "American Dreamâ„¢" of owning a house in the suburbs, 2.5 kids, college education and all. Resources are finite and there are more competitors.
5% of the global population consume 32%(?) of the world's oil. Kinda think the 95% are pissed off about this, you are damn right. It is overpriced as the yanks control the price making it difficult for the competitors to the finite pie.
Romney in his magic underwear has no solution and what are you lot gonna do or say when it folds under his admin? Meet the new boss, same as the old boss.
It is gonna get a lot worse before it gets better. We are all slaves to the system and there is bugger all you (or I) can do to change that.
Bush, Obama, Romney, yes, they are all one and the same.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Obama is not an idiot, he's an ideologue in denial...
