The Decline of a Country (wages, Marines, companies, dollars)
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Oh how I agree with this post!!
I believe most have the "COEXIST" bumper sticker on their foreign cars!!
Yes and they pretend to care about the homeless and the poor. Sure they do, if they cared, they'd have worked to save jobs, not have all the crap imported.
The point of the entire housing boom was to make certain everybody had a mortgage even if most were way over their head. Money was made using the hard sell to get people to buy and then the money people ran from the booming market and precipitated the bust. The little guys lost and the big guys won and are still winning as the economy is bailed out by the government. Just like always.
This whole mess took time. They all played their little part, each and every one of them.
Both Dems and Repubs. Alone it was a non-issue. But over time each added (or in reality relaxed the rules) their little part until it was an all out money grab from everyone both inside and outside of the government.
We are a greedy, corrupt bunch of people who are never satisified with what we have. As soon as we get it..then we want more and we don't care how we get it or who we trample on the way.
We are where we are because of us.
So true.
Everybody was out for what they could get for themselves, with not a thought for the tomorrows. It's so sweet to blame somebody, but in the end we really have to admit that we are responsible and accountable for ourselves and our actions.
It's not like nobody warned us. There were voices in the wilderness saying that would happen, but those who stood to have immediate gains rolled right over them.
Did you protest government spending by not going to school and learning how to spell?
You speak so loudly, no one can hear what you say. Your ignorance is what shines through and the genleman that has trouble with the keyboard may have a handicap or be a two finger typist, but he is far more correct than you sir. Bush was not the only reason we are here. Runaway social programs and greedy lenders, legislators pushing lenders to make the insane loans to the people who could not afford them. The economy readjusts every decade or so, that is history, how we pull out of them will be Obama's test.
On that note, everyone have a great Thanksgiving!!!!
Only a few seconds long..shows unemployment across all states from 2007 up to September 2009. This is no typical "recession" folks..not by a long shot.
Dark color is bad..watch especially from 2008 til present.
The point of the entire housing boom was to make certain everybody had a mortgage even if most were way over their head. Money was made using the hard sell to get people to buy and then the money people ran from the booming market and precipitated the bust. The little guys lost and the big guys won and are still winning as the economy is bailed out by the government. Just like always.
Quote:
Originally Posted by MotleyCrew
Runaway social programs and greedy lenders, legislators pushing lenders to make the insane loans to the people who could not afford them. The economy readjusts every decade or so, that is history, how we pull out of them will be Obama's test.
On that note, everyone have a great Thanksgiving!!!!
Thanks to President Obama, they have restarted another risky lending program. Under a program called HAMP (Housing Associated Modification Program), people paying more than 31% of income in mortgage payments are entitled to have their mortgage modified to 31% of income. If there are any losses due to the modification, the taxpayers (that's us) pay for those.
Banks are on board (of course, what do they have to lose). When the homeowner defaults, they lose nothing. WE will baile them out. You and me and the rest of us. One ad even urges homeowners to take advantage of it while it lasts because "it's part of the bailout and it's your money". Guess the President didn't learn much the first time around. Hope For Homeowners - Home A HAMP Loan Modification Update - The Wells Fargo - Wachovia Blog
Yes, everyone, have a good Thanksgiving. I hope everyone out there will have a great hot meal and friends and relatives around the table.
do you always miss the point of a post? i guess when you don't have a valid response to a position the next best technique is diversion......
that is okay since the democrats have been in charge for about 3 years in congress and nothing of substance to benefit americans has been accomplished. people are noticing this now with or without diversions!
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You know, this is just silly. Where have you been since 2001?
Let's review things ok?
1. 2001-2003. Bush is President. The GOP has a majority in the House of Representatives. After Jim Jeffords of Vermont switches his party affiliation in June, the dems have a 1 vote majority in the Senate.
2. 2003-2007. Bush is President. The GOP has sizeable majorities in both the House and Senate.
3. 2007-2009. Bush is President. The dems have a 1 vote majority in the Senate and about a 15 vote majority in the House.
4. 2009 - Present (or 10 months). Obama is President. The dems control the senate 60-40 and the House by over 50 votes.
I guess if "being in charge" means the democrats rule with a one vote margin, you are technically correct. In reality, it takes a sizeable majority to get anything done in the Senate at all because of features such as the "filibuster rule".
The reality is that Bush and the GOP "own" most of our current problems despite denials from David Boehner and Mitch McConnell. Any honest observer of current events can figure that one out.
the reality is that you can go back further than bush to our current problems. NAFTA was a big problem and all the trade treaties, pushed by republicans and democrats, before and after.
if you want to go back further, you could go back to when the federal reserve was established in 1913, when FDR confiscated the gold, or when we went off the gold standard with nixon. my point is that there is enough blame to go around!
by pointing blame, though, we don't address the CURRENT situation. we need a federal reserve audit and we need some prosecutions. we need to identify the fraud, recover the money that we can, and account for all the taxpayer money that has been appropriated from the american public.
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More risky loans as we bail out homeowners
