Barack Obama, our next President

[John Galt]

RealDave wrote:

<quoted text> Time Magazine was talking abut how these plans aren't reliable because of stock market volatility in comparison the pension plans.

Most people do not have a choice. Defined benefit pension plans are largely history outside of government. And virtually all government pension plans are hugely underfunded.

[dem]

THE REAL YAWKIE wrote:

<quoted text>
See above. I knew you'd get it in a NY minute!

i find myself entering this thread swinging wildly, like attacking zombies, and occasionally hit some friendly fire till i hit my groove.

[sonicfilter]

John Galt wrote:

<quoted text>
So, the courts voted in favor of requiring banks to issue bad loans.
Bad home loans are of two kinds. The first is where the borrower lacks the financial resources to repay the loan. The second is where the property is worth less than the loan and/or is likely to decline in value, such as in depressed neighborhoods.
Once again, politics trumps sanity.

like when Bush said we need to get those with bad credit histories into a home?

[Anonymous of Indy]

John Galt wrote:

<quoted text>
Most people do not have a choice. Defined benefit pension plans are largely history outside of government. And virtually all government pension plans are hugely underfunded.

you got that Right, and California is a good example of having Underfunded Government Pensions.

[Realtime]

dem wrote:

<quoted text>
i find myself entering this thread swinging wildly, like attacking zombies, and occasionally hit some friendly fire till i hit my groove.

At one time it was difficult for a serious poster such as yourself to get a proper segue on this thread__not so these days where one can just make up some crazy sht and have one of the usual trolls replying within seconds.

[dhjkouygia]

we need more army spending you dont understand

Mexico and Canada are secretly planning to attack

not to mention the japs that hide trojans in the 3d tv

[John Galt]

sonicfilter wrote:

Picture of the Day
Great moments in body language.
http://livewire.talkingpointsmemo.com/entry/o...
Obama is all cool, while Mitt looks like he's got a stick up his ass.

Cool and incompetent.

[killtaker]

RealDave wrote:

<quoted text>
You are a liar.
Over 80% of capital gains are from those with over $200k in taxable income.
Less than 13% of all tax returns show any capital gains income.
http://www.factcheck.org/2008/04/impact-of-ca...

your source is nearly 7 years old...

If idiots like you would learn to use the STOCK market versus bitchin about the ones that do...wait...thats a dream...

HERES dave....

"Our Ridiculous Approach to Retirement"

"Seventy-five percent of Americans nearing retirement age in 2010 had less than $30,000 in their retirement accounts."

"Almost half of middle-class workers, 49 percent, will be poor or near poor in retirement, living on a food budget of about $5 a day"

http://www.nytimes.com/2012/07/22/opinion/sun...

You are such a dipschit...I want you to tell me why tens of millions of people can't figure out how to invest and retire with more than 30K?

Are they dumb, is it discrimination, or just bad luck?

[RealDave]

John Galt wrote:

<quoted text>
So, the courts voted in favor of requiring banks to issue bad loans.
Bad home loans are of two kinds. The first is where the borrower lacks the financial resources to repay the loan. The second is where the property is worth less than the loan and/or is likely to decline in value, such as in depressed neighborhoods.
Once again, politics trumps sanity.

I get it. You are saying:

A white family is a good loan

A black family with similar financials is a bad loan.

Now, read this very slowly because evidently you don't get it.

The banks loaned money to white families and not black families even though their financials were equal.

[Mitt Wrongney]

Keep America DEMOCRATIC, the way is suppossed to be.

[John Galt]

Anonymous of Indy wrote:

<quoted text>you got that Right, and California is a good example of having Underfunded Government Pensions.

California assumes that its invested pension funds will produce a return of 7%-8% every year, because otherwise the state would be unable to fund the plans. Eventually the state will either default or lay off current employees to pay pensions.

Meanwhile, just party on.

[John Galt]

Realtime wrote:

<quoted text>At one time it was difficult for a serious poster such as yourself to get a proper segue on this thread__not so these days where one can just make up some crazy sht and have one of the usual trolls replying within seconds.

"Serious" only in terms of endless obscenities.

[DBWriter]

sonicfilter wrote:

<quoted text>
so no new stuff? just the same old batshit crazy that you've foisted upon us for god knows how long?
sigh

In case you haven't been keeping up with current events, the Democrats are proposing to begin seizing private property to fund their redistribution of wealth government. I'm thinking you can't see the obvious flaw.
There is a finite amount of private property. Funding entitlements is infinite. There will be a time when there is no more private property to seize. So, just how will the redistribution program be funded then?
And, this is right out of Das Kapital. You'd know that if you could even define the word "Marxism".
Only someone who is so ignorant they can't even define "Marxism" isn't convinced the Democrats are Marxist communists.

[killtaker]

....mammie....

"Gallup Daily: Obama Job Approval..."

49...

slipping

http://www.gallup.com/poll/113980/Gallup-Dail...

[John Galt]

RealDave wrote:

<quoted text>
I get it. You are saying:
A white family is a good loan
A black family with similar financials is a bad loan.
Now, read this very slowly because evidently you don't get it.
The banks loaned money to white families and not black families even though their financials were equal.

Under redlining, banks did not make loans in certain areas regardless of the race or income of the applicant.

In East Bumfuck, where you live, race is not an issue in home loans.

But banks may be reluctant to loan when the backyard is an auto junkyard.

[Realtime]

sonicfilter wrote:

Picture of the Day
Great moments in body language.
http://livewire.talkingpointsmemo.com/entry/o...
Obama is all cool, while Mitt looks like he's got a stick up his ass.

Maybe Mitt will have that photo framed and hung in a prominent place in the La Jolla digs.

Maybe not.

[John Galt]

The first step will be to eliminate the tax deferment for 401(k) plans, which will kill the program.

Then the government will pass a forced savings plan, where they control the money.

[Realtime]

John Galt wrote:

<quoted text>
"Serious" only in terms of endless obscenities.

LOL, I rest my case Dem.

[sonicfilter]

DBWriter wrote:

<quoted text>
In case you haven't been keeping up with current events, the Democrats are proposing to begin seizing private property to fund their redistribution of wealth government. I'm thinking you can't see the obvious flaw.
There is a finite amount of private property. Funding entitlements is infinite. There will be a time when there is no more private property to seize. So, just how will the redistribution program be funded then?
And, this is right out of Das Kapital. You'd know that if you could even define the word "Marxism".
Only someone who is so ignorant they can't even define "Marxism" isn't convinced the Democrats are Marxist communists.

i'd ask you to cite that crap but if you could you would have already.

[sonicfilter]

Based on the Canner and Bhutta study, former Federal Reserve Governor Randall Kroszner concluded, "we believe that the available evidence runs counter to the contention that the CRA contributed in any substantive way to the current mortgage crisis." In reaching this conclusion, Kroszner and the Federal Reserve Board joined other bank regulators in affirming that CRA did not cause the mortgage-market meltdown. Federal Deposit Insurance Corporation Chair Sheila Bair has stated, "I want to give you my verdict on CRA: Not guilty." Comptroller of the Currency John Dugan agrees: "CRA is not the culprit behind the sub-prime mortgage lending abuses, or the broader credit quality issues in the marketplace. Indeed, the lenders most prominently associated with sub-prime mortgage lending abuses and high rates of foreclosure are lenders not subject to CRA." All of these regulators were appointed by President George W. Bush.

http://prospect.org/article/dont-blame-commun...

and there ya go.