Stories of Success after Obama (politician, states, support, vote)

[butkus51]

Originally Posted by urbanlife78

You mean the act that was created in 1977 and has had the support of both Republicans and Democrats throughout the years? And section 8 housing was being built long before this act ever went into effect. You really should stop blaming black people for you own problems.

Who brought up black people? Not me. You did racist. Blacks are not a problem for me. Check yourself though since you brought it up.

And the CRA was law that was passed by the dems who had the majority. And it was the dems who put the CRA on steroids............

http://tinyurl.com/culr8un

Alleged relation to 2008 financial crisis
See also: Subprime mortgage crisis and Global financial crisis of 2008–2009
Economist Stan Liebowitz wrote in the New York Post that a strengthening of the CRA in the 1990s encouraged a loosening of lending standards throughout the banking industry. He also charges the Federal Reserve with ignoring the negative impact of the CRA.[101] In "The Trillion dollar Bank Shakedown that Bodes Ill for Cities," Manhattan Institute scholar Howard Husock quoted the CEO of a midsize bank who noted: "... 20 percent of his institution's CRA-related mortgages, which required only $500 down payments, were delinquent in their very first year, and probably 7 percent will end in foreclosure."[106] American Enterprise Scholar Edward Pinto noted that, in 2008, Bank of America reported that its CRA portfolio, which constituted only 7 percent of its owned residential mortgages, was responsible for 29 percent of its losses.[107] A Cleveland Plain Dealer investigation found that "The City of Cleveland has aggravated its vexing foreclosure problems and has lost millions in tax dollars by helping people buy homes they could not afford."

[Finn_Jarber]

Originally Posted by petch751

Actually because I understood what was going on long before the crash I did not have problems in fact because when I realized we were heading into a housing crash way back when Bush was warning about them and it made sense, I payed off debt and hoarded. Before then it was a banker that made me realize what was going on. I was pre-approved for a mortgage $x but if I wanted to borrow more money I could borrow more and pay interest only for the first 5 years. It was that offer that made me walk away from getting a mortgage.Then I heard Bush warning people and the Democrats saying that it was not a problem. Thank god I had the common sense and didn't get all starry eyed.

During that time I was talking with a friend who also believed we were heading for trouble. She sold her house and hoarded too. Hey if Bush was wrong I was in a better position regardless right. So essentially 2008 came and went without a hitch for me.

I sold my flippers too before the crash. So, are you better off, or worse off than end of 2008? If you are same today as in 2008, then I'd say you squandered the opportunity of the lifetime.

[urbanlife78]

Originally Posted by petch751

Yea where are those shovel ready jobs anyway??? What about those green energy jobs. I hear Fiskar is about to go bankrupt too. So how many green energy tax payer subsidized companies went bankrupt so far??

In Portland, Oregon, many of those shovel ready jobs were provided and many good public works got off the ground. Maybe you aren't looking hard enough in your own town to see where the benefits were, provided your city and state took didn't take advantage of them.

[butkus51]

Originally Posted by urbanlife78

I have had friends be denied do to "pre-existing conditions."

Okay. Then keep that element of Obamacare and get rid of the rest. You do not need 2000 pages of crap to do that.

[butkus51]

Originally Posted by petch751

Yea where are those shovel ready jobs anyway??? What about those green energy jobs. I hear Fiskar is about to go bankrupt too. So how many green energy tax payer subsidized companies went bankrupt so far??

Too many for my liking and probably more to come. It is easy to blow money when it isn't yours. Obama is garbage.

[petch751]

As of Nov 3, 2012 Here is a compilation of some of the

Obama administration green-energy failures:

The Amonix Solar:
The manufacturing plant in North Las Vegas, subsidized by more than $20 million in federal tax credits and grants given by Obama Administration, has closed its 214,000 square-foot facility a year after it opened.
Solar Trust of America: Filed for bankruptcy in Oakland, CA, on April 3, 2012.

Bright Source:
Bright Source warned Obama’s Energy Department officials in March 2011 that delays in approving a $1.6 billion U.S. loan guarantee would embarrass the White House and force the solar energy company to close. Bright Source then received more money.

Solyndra:
Obama gave $500,000,000 in taxpayer money to Solyndra who shut its doors and laid off 1100 workers in August 2011 after billions in losses due to failure to make a solar product that works.

LSP Energy:
LSPEnergy LP filed for bankruptcy protection and conducted a sale of its assets in Feb. 2012.
Energy Conversion Devices: On February 14, 2012 Energy Conversion Devices, Inc. and its subsidiaries filed for bankruptcy.

Abound Solar:
Abound Solar received a $400 million loan guarantee from Barack Obama, then announced in June, 2012 that it would file for bankruptcy.

SunPower:
SunPower stopped producing solar cells in 2011 at near bankruptcy, then restructured with the help of an oil company.

Beacon Power:
Beacon Power Corp filed for bankruptcy protection in October, 2011 just a year after Obama approved a $43 million Government loan guarantee. They remain barely in business, still struggling to make energy that makes sense or that works at all.

Ecotality:
ECOtality, a San Francisco green-tech company that never earned any money and remains on the verge of bankruptcy after receiving roughly $115 million in two loan guarantees from President Obama.

A123 Sola:
A123 Solar received $279 million from taxpayers thanks to President Obama’s Department of Energy loan guarantees even after the Solyndra bankruptcy and is getting another $500 million from Obama after a loss of $400 million.

Uni-Solar:
Uni-Solar filed for Ch 11 bankruptcy in June 20, 2012 after laying off hundreds of workers. UniSolar received even more Obama money after showing now progress, no profits and is still failing… yet they still remain in business with Obama’s help.

Azure Dynamics:
Azure Dynamics filed for bankruptcy in June of 2012 after wasting millions in stimulus money.

Evergreen Solar:
Received $527 Million in Taxpayer money from Obama and filed bankruptcy in late 2011. Evergreen, which closed its taxpayer-supported Devens factory in March, 2011 cut more than 1800 jobs. Evergreen’s $450 million factory, turned out to be a colossal “waste” of taxpayer money.

Ener1:
Ener1 Inc. received a $118 million U.S. Energy Department grant from President Obama to make electric-car batteries but filed for bankruptcy protection January 2012 after defaulting on bond debt.



Of course then we have Fiskar Karma, the $100,000.00 car that catches fire. It may go bankrupt. Was this car for the every day American or the celebrity elite?

[urbanlife78]

Originally Posted by butkus51

Who brought up black people? Not me. You did racist. Blacks are not a problem for me. Check yourself though since you brought it up.

And the CRA was law that was passed by the dems who had the majority. And it was the dems who put the CRA on steroids............

http://tinyurl.com/culr8un

Alleged relation to 2008 financial crisis
See also: Subprime mortgage crisis and Global financial crisis of 2008–2009
Economist Stan Liebowitz wrote in the New York Post that a strengthening of the CRA in the 1990s encouraged a loosening of lending standards throughout the banking industry. He also charges the Federal Reserve with ignoring the negative impact of the CRA.[101] In "The Trillion dollar Bank Shakedown that Bodes Ill for Cities," Manhattan Institute scholar Howard Husock quoted the CEO of a midsize bank who noted: "... 20 percent of his institution's CRA-related mortgages, which required only $500 down payments, were delinquent in their very first year, and probably 7 percent will end in foreclosure."[106] American Enterprise Scholar Edward Pinto noted that, in 2008, Bank of America reported that its CRA portfolio, which constituted only 7 percent of its owned residential mortgages, was responsible for 29 percent of its losses.[107] A Cleveland Plain Dealer investigation found that "The City of Cleveland has aggravated its vexing foreclosure problems and has lost millions in tax dollars by helping people buy homes they could not afford."

Actually black people were first brought up in the post about "urban folk."

[petch751]

I wouldn't want Obama to handle my investments but I am forced to let him invest my tax dollar.

[petch751]

Originally Posted by urbanlife78

Actually black people were first brought up in the post about "urban folk."

And there you go again. A typical diversion tactic.

[petch751]

Originally Posted by Finn_Jarber

I sold my flippers too before the crash. So, are you better off, or worse off than end of 2008? If you are same today as in 2008, then I'd say you squandered the opportunity of the lifetime.

Yea, I wish I would have gotten into the stock market in 2008. At least I am not in the welfare line and living in a underwater house.