Barack Obama, our next President

There are 20 comments on the Nov 5, 2008, Hampton Roads Daily Press story titled Barack Obama, our next President. In it, Hampton Roads Daily Press reports that:

"The road ahead will be long. Our climb will be steep," Obama cautioned. Young and charismatic but with little experience on the national level, Obama smashed through racial barriers and easily defeated ...

Join the discussion below, or Read more at Hampton Roads Daily Press.

“fairtax.org”

Since: Dec 08

gauley bridge wv

#814104 Nov 30, 2012
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.
Yes I know. That's the whole point. Congress will have to take over (confiscate) them to protect them from the evil Stock Market. Bill Clinton were going to try this before the blue dress got in the way.
Mitt Wrongney

United States

#814105 Nov 30, 2012
shinningelectr0n wrote:
<quoted text>
OK. You're asking for lessons on how to think. I charge by the hour.
You can't afford it because I don't accept Food Stamps as payment.
And we are not intrested in your lessons. How many credit cards have you stolen?
TheIndependentMa jority

London, KY

#814106 Nov 30, 2012
Realtime wrote:
<quoted text>Where the fk did you come up with that equation? 1954 when new homes cost $15,000 and the married white buyers actually went into the savings and loans for interviews?
If Donald Trump had to come up with 20% down__or any developer, nothing would get built or sold.
And just for the citations of FACT (going beyond just PERSONAL knowledge of here)

Mortgages came to the Americas

As pioneers moved from Europe to settle in America, they brought their systems with them. As land ownership increased, so did the need for mortgages; so much so that by the early 1900s, they were already widespread and readily attainable.

However, not everybody could get a mortgage. In those days, those seeking to buy property were often required to pay a 50% down payment on a 5-year mortgage. So, to buy a $10,000 house (wouldn’t that be nice today), the borrower had to have a $5,000 down payment and pay interest for 5 years. At the end of that 5 years, the unpaid (and unchanged) balance of $5,000 would have to be either paid or refinanced.

This system continued through to the Great Depression, when lenders had no money to lend, and borrowers had no money to pay. The whole system collapsed with thousands of foreclosures. Mortgages were just not available.
Franklin D. Roosevelt’s New Deal was a good deal for consumers

Roosevelt’s election as President of the United States brought with it a turn towards a more consumer-friendly nation. He wanted to stimulate the economy by making it easier for people to buy. His government introduced laws and institutions designed to make this happen. Under these new laws, the securities and banking industries were kept under tight supervision, which in turn revolutionized the way mortgage loans were structured and made available to average Americans.

In 1934, the Federal Housing Administration (FHA) was created to insure mortgage lenders against losses from default. Now that the risk had been taken away from them, lenders were more willing to give people mortgages. The FHA also developed the 30-year fixed-rate loan program, providing homeowners lower payments and more stability.

So the system was working.

HOWEVER, lenders didn’t always have enough money to lend. And loan terms and interest rates were set according to the local economy, which varied around the country. More money, and a more consistent plan was needed.....

Mortgage lenders are challenged for more

In the 1950s and 60s, most mortgages were 20-30 years. However, in the 1970s, interest rates rose rapidly, and the system had to adjust. Mortgages were reduced to 1, 3 or 5 year-terms, although even the 5-year mortgages were rare in the early 1980s when interest rates climbed to more than 21%. By 1998, the 5-year mortgage rate had fallen to an average of 6.99% and the 1-year rate to 6.5%. Banks, forbidden to lend mortgage money before 1954, had written about 63.6% of the more than $381 billion worth of mortgages that were outstanding in the third quarter of 1998.

Marples, G. The History of Home Mortgages – A “Dead Pledge”. Historyof.net 9/11/2008

See, not every deadhead era doll is an airhead dolt. Apology accepted.
Homer

Bethlehem, PA

#814107 Nov 30, 2012
Dear Rightwingers,

I've missed you these last 4 years.

Sincerely,

The Economy

“fairtax.org”

Since: Dec 08

gauley bridge wv

#814108 Nov 30, 2012
sonicfilter wrote:
<quoted text>
guessing.
chill birther boy.
He's right. It's coming!
TheIndependentMa jority

London, KY

#814109 Nov 30, 2012
THE DEBIL wrote:
DEBIL WILL DESTROY THIS THREAD, THAT MUCH IS CERTAIN. HIS ABILITY TO DESTROY STOOPID AMERICA IS AS YET UNRESOLVED, BUT HE TRY. ONE THING FO' SURE: CAROL'S ASS IS GONNA HURT LIKE FIRE. THERE IS NO GOD; THERE IS NO HEAVEN; FROM DIRT YOU WERE MADE AND TO DIRT YOU WILL RETURN. TRUST ME.
Dear Duhmazz Derbil,

You cannot destroy this thread, it's already full of ignorance, just look at some of the chit you post, for example. Stop picking on Carol just because she posts nicely to others in the sandbox of ignorance. You do NOT know what lays beyond these earthly realms, lots and lots of scientists have speculated that topic over time, only to find themselves arriving at the same point as the ones before them, ELUDED, beyond being able to know ANYTHING but the physical for certain, but often in ponderance of realms UNseen thus, thus having to rely on a little thing called faith, due to the same UNKNOWN quotient factor. Have you ever given an inkling to perhaps studying something a little more worthwhile, like QUANTUMN PHYSICS, rather than dwelling on the cesspool levels type garbage you post on here?
Like this--
Astronomers have discovered what may be the most massive black hole ever known in a small galaxy about 250 million light-years from Earth, scientists say.

The supermassive black hole has a mass equivalent to 17 billion suns and is located inside the galaxy NGC 1277 in the constellation Perseus. It makes up about 14 percent of its host galaxy's mass, compared with the 0.1 percent a normal black hole would represent, scientists said.

"This is a really oddball galaxy," said study team member Karl Gebhardt of the University of Texas at Austin in a statement. "It's almost all black hole. This could be the first object in a new class of galaxy-black hole systems."

Howell, E. Astronomers find biggest black hole ever. Space.com . 11/29/2012
----------

Or is it too much for your little degenerate, perverted derbil braincell to handle?

That's the problem with IGNORANCE in derbils like you...you're miserable, so you just have to try and drag everyone else into your tainted sphere of self imposed misery.
That's NOT nice. You need an attitude adjustment, or a shrink, or both.
Now play nicely.
TheEconomy

London, KY

#814110 Nov 30, 2012
Homer wrote:
Dear Rightwingers,
I've missed you these last 4 years.
Sincerely,
The Economy
Dear Homer,

We miss being there too. It's kinda hard to poop revenue out though, being as being full of crap is NOT how it is actually produced,

Sincerely,

The TEA TYPE, fiscally responsible, morally ethical INDEPEDENT voters.
Homer

Bethlehem, PA

#814111 Nov 30, 2012
flack wrote:
<quoted text> He's right. It's coming!
Flack, you're gonna give yourself ulcers if you believe all the rightwing talking heads and Fox News.
TheEconomy

London, KY

#814112 Nov 30, 2012
Mitt Wrongney wrote:
<quoted text> And we are not intrested in your lessons. How many credit cards have you stolen?
How many credit cards off of OTHER peoples backs have you CONNED in one wa or another.

DON'T LIE-there's nothing WORSE than a leeching, robbinghoodietic, pocket-picking low life CONIVING GHETTO RAT.
sonicfilter

Indianapolis, IN

#814113 Nov 30, 2012
flack wrote:
<quoted text> He's right. It's coming!
the 'everybody knows' citation had no effect on the election whatsoever, so why continue with a strategy perpetuated by losers?
Mitt Wrongney

El Monte, CA

#814114 Nov 30, 2012
Homer wrote:
Dear Rightwingers,
I've missed you these last 4 years.
Sincerely,
The Economy
Really? How 'bout the recession? Have you missed it? It went down the drain along with all wrong wingers this past 6 of november, happy trails IDIOT!
TheIndependentMa jority

London, KY

#814115 Nov 30, 2012
Homer wrote:
<quoted text>Flack, you're gonna give yourself ulcers if you believe all the rightwing talking heads and Fox News.
Hey Homer,

I spent a dolluh on some perty CHRISTmas stickers fer the CHRISTmas card envelopes I send out. Hopefully, the ones I send them to, will enjoy them.

You ever see what goes into making a stamp?

GOD Bless the USA, our Families, the troops, the Constitution and TERM LIMITS on the office of POTUS (especially this time--mostly because the poor old feller sure has a lot of IGNORANT, ugly hateful libuhrulTIC types haning off his velveteenage poster edges, spewing forth their own hate each day!!)
Homer

Bethlehem, PA

#814116 Nov 30, 2012
Dear Rightwingers,

Time to replace that 10 year old car and those other urable goods that are on their last legs.

They are simply not going to last another 4 years.

This will help put Americans back to work, increase tax revenue and at the end of the day provide you with peace of mind in not having to worry about your son or daughter being stranded on the side of the road in a broken down jalopy.

Sincerely,

The Economy

P.S. And remember to buy those goods at your local stores and not at Walmart which is just helping to perpetuate the annihilation of the middle class.
sonicfilter

Indianapolis, IN

#814117 Nov 30, 2012
Fox News Lost the Election Too, But Let's Not Gloat

http://www.theatlanticwire.com/entertainment/...
Homer

Bethlehem, PA

#814118 Nov 30, 2012
TheEconomy wrote:
<quoted text>
Dear Homer,
We miss being there too. It's kinda hard to poop revenue out though, being as being full of crap is NOT how it is actually produced,
Sincerely,
The TEA TYPE, fiscally responsible, morally ethical INDEPEDENT voters.
The Economy is being played by Homer today, you are and will always be a ignorant backwood hillbilly no matter what you change your name to. Hatfields.

Now grab your full set of upper and lower dentures, pop em in, and go check on your still.
TheIndependentMa jority

London, KY

#814119 Nov 30, 2012
Impeach Obama wrote:
<quoted text>Yeah, people are destroying the planet because they're greedy. They drive in their cars to work and spew pollution because they simply want money. Here's a solution, if you don't have a job you can't own a car. That would cut down on a lot of pollution.
Greed IS aproblem these days. There's a difference in people having what they need, and coveting after that which they don't.

A big one.

Greed sucks, and so do greedy people.
Homer

Bethlehem, PA

#814120 Nov 30, 2012
TheIndependentMajority wrote:
<quoted text>
Hey Homer,
I spent a dolluh on some perty CHRISTmas stickers fer the CHRISTmas card envelopes I send out. Hopefully, the ones I send them to, will enjoy them.
You ever see what goes into making a stamp?
GOD Bless the USA, our Families, the troops, the Constitution and TERM LIMITS on the office of POTUS (especially this time--mostly because the poor old feller sure has a lot of IGNORANT, ugly hateful libuhrulTIC types haning off his velveteenage poster edges, spewing forth their own hate each day!!)
There are already term limits on the Potus dummie. You need to lay off the booze this early in the day.
Homer

Bethlehem, PA

#814121 Nov 30, 2012
sonicfilter wrote:
Fox News Lost the Election Too, But Let's Not Gloat
http://www.theatlanticwire.com/entertainment/...
When Homer saw which way the race was headed I turned on Fox News to see how they would spin it. The Karl Rove complete and total meltdown was the highlight of the year.

Most rightwingers are typical wrong about stuff and when this was literally shoved in his face he basically snapped.

But Hamilton county, the votes! Ohio! NOOOOOOOOOO!

Must see TV
sonicfilter

Indianapolis, IN

#814122 Nov 30, 2012
United States corporate profits reached a record high in the third quarter of this year, even adjusted for inflation, according to a report from the Bureau of Economic Analysis.
http://economix.blogs.nytimes.com/2012/11/29/...

Wages aren’t stagnating, they’re plummeting

http://www.washingtonpost.com/blogs/wonkblog/...

good news for the 1%, bad for the rest.

just the usual.
TheEconomy

London, KY

#814123 Nov 30, 2012
Homer wrote:
Dear Rightwingers,
Time to replace that 10 year old car and those other urable goods that are on their last legs.
They are simply not going to last another 4 years.
This will help put Americans back to work, increase tax revenue and at the end of the day provide you with peace of mind in not having to worry about your son or daughter being stranded on the side of the road in a broken down jalopy.
Sincerely,
The Economy
P.S. And remember to buy those goods at your local stores and not at Walmart which is just helping to perpetuate the annihilation of the middle class.
Dear Homer-

Yew pretty smert some days :-).

Perspective for times when Walmart makes common sense--supporting the workforce of America is a GOOD thing--not a BAHHHHduh thing.

Welcome to the age of the new world order, middle class modest, fixed and limited incomes, non-pie in the sky (or upanynesownbuttsinignoranceand denial) dweams and REALITY in general. Course some that's always been the same anyway---just SOME of us are a lot BETTER at handling reality lol.

Tell me when this thread is updated:

Subscribe Now Add to my Tracker

Add your comments below

Characters left: 4000

Please note by submitting this form you acknowledge that you have read the Terms of Service and the comment you are posting is in compliance with such terms. Be polite. Inappropriate posts may be removed by the moderator. Send us your feedback.

Chicago Discussions

Title Updated Last By Comments
News BARACK OBAMA BIRTH CERTIFICATE: Suit contesting... (Jan '09) 3 min Guru 187,264
abby 4-24 9 min Michael Satterfield 17
News Israeli troops begin Gaza pullout as Hamas decl... (Jan '09) 26 min TRD 69,671
News Once slow-moving threat, global warming speeds ... (Dec '08) 38 min zion 52,831
Amy 4-24 1 hr Julie 12
{keep A word drop A word} (Oct '11) 2 hr Doug77 5,898
Appletree Daycare Center, Pulaski, 3 hr maria 1
More from around the web

Chicago People Search

Addresses and phone numbers for FREE

Personal Finance

Mortgages [ See current mortgage rates ]