quote:

ORIGINAL: ArizonaSunSwitch

The artificial 90s boom (not to mention the 9/11 damage) was unwound by 2005 or so (way before i had any hope for).

Of course, government had to come along and mandate mortgages to those who couldn't pay. The idiots that signed those loans are now in foreclosure and whining about predatory lending. Initially, these programs had the effect of radically appreciating housing values, so as this bubble unwinds its going to catch responsible owners also. Ie. Those that lose jobs won't be able to sell their houses as they owe more than it's now worth.

Of course, i'm a total asshat that put 20% down and added another 10% to my equity in the form of remodeling. My place 3 years later is now worth about what I owe on it. My 30% percent equity is vaporized. If I was irresponsible I could of got a zero down loan and stuck the bank with the whole damn thing. The government isn't subsidizing banks in order to reduce my interest rate or principal. The more irresponsible you are in this country the more you get to pick the taxpayers pocket.

The current situation is a liberal politician's wet dream. The credit tightening that has to happen to unwind this housing bubble can cause a depression. Of course the last time we had a depression 99 percent of the population was law abiding and didn't believe anyone owed them anything. If we have depression now, there will be wide spread rioting, stealing and all kind of mayhem (after all, rich people suck and deserve to be stolen from). At least in urban areas they'll be a popular call for military presence.

If this bail out fails we're looking at martial law. Good luck getting rid of it with a marxist like obama in power. Liberty will be lost in this nation and most of the population will be cheering when it happens. (Which is always the case when a country loses liberty from internal forces).

quote:

Yet we have a Republican president pushing these policies through. Has Bush become one of your fantasy liberal politicians having a wet dream? And before you tell me about the Democrats in Congress, Bush could simply have vetoed all this. Instead, he proposed it---and keeps going further, now nationalizing commercial banks as well as investment banks. This is absolutely socialist, marxism if you like, coming from the current President in power.

You also predict "liberty will be lost in this nation" while the current administration and the then Republican Congress took away a host of rights under the Patriot Act.

quote:

Both parties are involved. Now please go ahead and spew partisan nonsense and I'll drink some more coffee.

I call it nonsense because no one ever backs anything up. And I looked in the mirror a while ago and thought, "What a handsome bastard you are!"
Bla bla bla. bla bla

quote:

If you need me to back up that the current president is a Republican, and that Republicans controlled Congress during his administration until Jan. 2007, then this is indeed a pointless conversation.

quote:

Seriously, whats your problem? I can voice whatever damn opinion I want, even if you disagree because it doesnt fit your view. Oh wait, I am not talking about what you were. I never started an argument, I stated my opinion. And yes I am bitching about partisanism. Its pointless though, because everyone is stuck in their own little mindsets.

quote:

ORIGINAL: groundhogphil

Ok so since 2007 Democrats are in control, So what have they done? What big change have they accomplished? and how with a Democrat President will it change things? Hell its just one person. Just what is this change that we are being told about?

quote:

ORIGINAL: Musicmystery

rex,

You ran after me for responding to a silly post--a post you clearly haven't read. Instead, you've been jumping down my throat about a topic we weren't even discussing, and aren't now. Let's review.

quote:

ORIGINAL: ArizonaSunSwitch

The artificial 90s boom (not to mention the 9/11 damage) was unwound by 2005 or so (way before i had any hope for).

Of course, government had to come along and mandate mortgages to those who couldn't pay. The idiots that signed those loans are now in foreclosure and whining about predatory lending. Initially, these programs had the effect of radically appreciating housing values, so as this bubble unwinds its going to catch responsible owners also. Ie. Those that lose jobs won't be able to sell their houses as they owe more than it's now worth.

Of course, i'm a total asshat that put 20% down and added another 10% to my equity in the form of remodeling. My place 3 years later is now worth about what I owe on it. My 30% percent equity is vaporized. If I was irresponsible I could of got a zero down loan and stuck the bank with the whole damn thing. The government isn't subsidizing banks in order to reduce my interest rate or principal. The more irresponsible you are in this country the more you get to pick the taxpayers pocket.

The current situation is a liberal politician's wet dream. The credit tightening that has to happen to unwind this housing bubble can cause a depression. Of course the last time we had a depression 99 percent of the population was law abiding and didn't believe anyone owed them anything. If we have depression now, there will be wide spread rioting, stealing and all kind of mayhem (after all, rich people suck and deserve to be stolen from). At least in urban areas they'll be a popular call for military presence.

If this bail out fails we're looking at martial law. Good luck getting rid of it with a marxist like obama in power. Liberty will be lost in this nation and most of the population will be cheering when it happens. (Which is always the case when a country loses liberty from internal forces).

I responded:

quote:

Yet we have a Republican president pushing these policies through. Has Bush become one of your fantasy liberal politicians having a wet dream? And before you tell me about the Democrats in Congress, Bush could simply have vetoed all this. Instead, he proposed it---and keeps going further, now nationalizing commercial banks as well as investment banks. This is absolutely socialist, marxism if you like, coming from the current President in power.

You also predict "liberty will be lost in this nation" while the current administration and the then Republican Congress took away a host of rights under the Patriot Act.

you chimed in:

quote:

Both parties are involved. Now please go ahead and spew partisan nonsense and I'll drink some more coffee.

I call it nonsense because no one ever backs anything up. And I looked in the mirror a while ago and thought, "What a handsome bastard you are!"
Bla bla bla. bla bla

I rolled my eyes:

quote:

If you need me to back up that the current president is a Republican, and that Republicans controlled Congress during his administration until Jan. 2007, then this is indeed a pointless conversation.

And your take:

quote:

Seriously, whats your problem? I can voice whatever damn opinion I want, even if you disagree because it doesnt fit your view. Oh wait, I am not talking about what you were. I never started an argument, I stated my opinion. And yes I am bitching about partisanism. Its pointless though, because everyone is stuck in their own little mindsets.

The problem is that yes, you "can voice whatever damn opinion" you want, but as you're going on the attack and not addressing the actual issues on the table, but rather just swinging in random directions, and in a partisan manner at that, makes your claims, especially "everyone is stuck in their own little mindsets," look silly.

Just saying. This is a non-conversation.

quote:

ORIGINAL: bestbabync

quote:

ORIGINAL: groundhogphil

Ok so since 2007 Democrats are in control, So what have they done? What big change have they accomplished? and how with a Democrat President will it change things? Hell its just one person. Just what is this change that we are being told about?

hi groundhogphil,
i think the CHANGE they are speaking of is "Spread the Wealth"  in other words if you work hard to earn your salary, you have to share it with others that don't want to work hard.......LOL!

quote:

And I don't care to have a conversation with an egomaniac.

quote:

ORIGINAL: Musicmystery

quote:

And I don't care to have a conversation with an egomaniac.

For a non-conversation, it does seem to go on.

If in your language "egomaniac" means "looks at the facts of the matter," guilty.

quote:

ORIGINAL: slvemike4u

Or, and this is just me taking a wild swing here, the change some might be alluding to is that with a Democratic President working with a friendly Democratic Congress..... might be able to undo some of the screwups a Republican President working with a Republican Congress has wrought....just a guess mind you.

quote:

ORIGINAL: bestbabync

quote:

ORIGINAL: slvemike4u

Or, and this is just me taking a wild swing here, the change some might be alluding to is that with a Democratic President working with a friendly Democratic Congress..... might be able to undo some of the screwups a Republican President working with a Republican Congress has wrought....just a guess mind you.

No Free Market.....Socialism.......CHANGE we won't believe.....that is our future  Obama 08!