Barack Obama, our next President

Full story: Hampton Roads Daily Press

"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 ...

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brown eyes

Roanoke, VA

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#836394
Jan 10, 2013
 

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I had nightmare last night NATO I dreamed I was Dolly Pardons infant son and was bottle fed throughout infancy. LOL GF008 Safer World 2013
TheIndependentMa jority

Somerset, KY

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#836395
Jan 10, 2013
 

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carol wrote:
Why we are where we are today:
1999 - Bill Clinton put CRA on steroids pushing Fannie Mae and Freddie Mac to increase number of sub-prime loans.
1999 - New York Times published an article “Fannie Mae Eases Credit to Aid Mortgage Lending” warning of coming crisis due to lax lending policies of the Clinton administration.
2003 - White House called Fannie and Freddie a “systemic risk” and Bush administration pushed Congress to enact new regulations.
2003 - Rep. Barney Frank said Fannie and Freddie are “not in a crisis,” bashed Republican-sponsored regulation legislation.
2005 - Federal Reserve Chairman Alan Greenspan voiced warning over F&F accounting, saying,“We are placing the total financial system of the future at a substantial risk.”
2005 - Sen. Charles Schumer said F&F “over the years have done an incredibly good job and are an intrinsic part of making America the best-housed people in the world.”
2006 - Sen. John McCain again called for reform of regulatory structure governing F&F. And again Democrats blocked reform legislation.
2008 - The housing market collapsed.
2008-Present - Democrats blamed the Republicans.
And inflation. Over forty years, housing market prices have increased times 19 in some areas. Not doubled, tripled or quadrupled, but ninteened. An economy spiraled to TOTALLY out of whack, fueled primarily by nothing more GREED, brought on by plague like waves of a LACK of ANYthing redemptive at the heart of Americas backbone no doubt!
Grey Ghost

Bumpass, VA

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#836396
Jan 10, 2013
 

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brown eyes wrote:
Ted Bundy would have been stopped sooner had Pink Panther been on case. GF008 Safer World 2013
Hey Brown eyes, I love your part of the country,I hope all is well. I went to a couple V.T. games this year. I see the gun totting, bible thumping, moralistic brain deprived righties are still wallowing in ignorance and fanaticism.
brown eyes

Roanoke, VA

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#836397
Jan 10, 2013
 

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Davy Crockett of Alamo fame was my favorite Congressman. GF008 Safer World 2013
brown eyes

Roanoke, VA

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#836398
Jan 10, 2013
 

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Davy Crockett was favorite Congressman. GF008 Safer World 2013
TheIndependentMa jority

Somerset, KY

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#836399
Jan 10, 2013
 

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Grey Ghost wrote:
<quoted text>
Hey Dave, it's been a while since posting for me. I can see the moronic fanatical righties are still dwelling in idiotsville, while whining their pathetic asses off. Too funny. I was in hopes that by now those programmed minions would have all used their guns and last remaining brain cell for suicide. Just thinking about all of those morons packing weapons is scary.
Hand yours over, and try not to lick the shine of yer brown nose off the boots of the regime- bumpuss.

(and quit being so negative-it is NOT, I repeat NOT, NOT, NOT...mentally healthy for DECENT. non-hater type people)
carol

Orlando, FL

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#836400
Jan 10, 2013
 

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Those who profited most by ignorning impending crisis:

1. Dodd, Christopher Senate (D)-$133,900
2. Kerry, John Senate (D)-$111,000.
3. Obama, Barack Senate (D)-$105,849.
4. Clinton, Hillary Senate (D)-$75,550.
5. Kanjorski, Paul (D)-$65,500.
6. Bennett, Robert Senate (R)-$61,499.
7. Johnson, Tim Senate (D)-$61,000.
8. Conrad, Kent Senate (D)-$58,991.
9. Davis, Tom House (R)-$55,499.
10. Bond, Christopher Senate (R)-$55,400.

Republicans 3 versus Democrats 7. President Barack Obama/former Senator Obama holding the #3 spot.

Anyone who continues to solely blame Republicans and chooses to ignore the role the Democrats played in this economic crisis is, well...either a simpleton or a fool.
TheIndependentMa jority

Somerset, KY

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#836401
Jan 10, 2013
 

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RealDave wrote:
<quoted text>
Keystone pipeline was not approved because the environmental studies were not yet complete.
Stop lying too.
TheIndependentMa jority

Somerset, KY

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#836402
Jan 10, 2013
 

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Grey Ghost wrote:
<quoted text>
Hey Brown eyes, I love your part of the country,I hope all is well. I went to a couple V.T. games this year. I see the gun totting, bible thumping, moralistic brain deprived righties are still wallowing in ignorance and fanaticism.
Goober from bumpuss lol.
pens_make_us_dum

United States

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#836403
Jan 10, 2013
 

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Liberals love them some wind turbines....

Save the planet...

Wait...

'The amount of electricity generated from coal is rising as much as 50% in some European countries.'

http://www.economist.com/news/briefing/215690... |b
brown eyes

Roanoke, VA

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#836404
Jan 10, 2013
 

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Some Hollywood women look like the have been shot in the back with two cruise missiles NATO. Does Botox cause this? Safer World 2013

Since: May 11

Fayetteville, PA

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#836405
Jan 10, 2013
 

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carol wrote:
Why we are where we are today:
1999 - Bill Clinton put CRA on steroids pushing Fannie Mae and Freddie Mac to increase number of sub-prime loans.
1999 - New York Times published an article “Fannie Mae Eases Credit to Aid Mortgage Lending” warning of coming crisis due to lax lending policies of the Clinton administration.
2003 - White House called Fannie and Freddie a “systemic risk” and Bush administration pushed Congress to enact new regulations.
2003 - Rep. Barney Frank said Fannie and Freddie are “not in a crisis,” bashed Republican-sponsored regulation legislation.
2005 - Federal Reserve Chairman Alan Greenspan voiced warning over F&F accounting, saying,“We are placing the total financial system of the future at a substantial risk.”
2005 - Sen. Charles Schumer said F&F “over the years have done an incredibly good job and are an intrinsic part of making America the best-housed people in the world.”
2006 - Sen. John McCain again called for reform of regulatory structure governing F&F. And again Democrats blocked reform legislation.
2008 - The housing market collapsed.
2008-Present - Democrats blamed the Republicans.
Carol is an idiot.

Your claim that Vill Clinton put the CRA on steroids is jut too funny.
That bill, Graham, Bailey, Leach is the one where Republicans tore down the safeguards between banks & investment houses.

All Clinton did was insist that these new players in the mortgage business play by the same rules as the banks did as far as the CRA.

Where the uninformed like you get confused is that you think that all subprime loans are CRA loans. While CRA loans are subprime by definition they are not the loans that caused the mortgage meltdown.

Statistics show that the percentage of all loans that were CRA is about the same as the percentage of all failed loans that were CRA.
TheIndependentMa jority

Somerset, KY

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#836406
Jan 10, 2013
 

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RealDave wrote:
<quoted text>
Thanks for helping me prove my point.
That some people work & do not turn in time sheets.
Try to keep up, sonny.
Well...that IS a true statement.

There's yer once a day, goober bumpuss "yew gotz that righTUH" fer a change, bumpuss sign lol.
Grey Ghost

Bumpass, VA

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#836407
Jan 10, 2013
 

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TheIndependentMajority wrote:
<quoted text>
Hi Flack -Happy New Year :-)
Wishing "FLAKE" a happy new year is kinda like wanting the Republican house to agree on something good for fellow Americans "FAT CHANCE". Hell he has no idiot just how miserable he is.

“fairtax.org”

Since: Dec 08

gauley bridge wv

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#836408
Jan 10, 2013
 

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TheIndependentMajority wrote:
<quoted text>
Hi Flack -Happy New Year :-)
Happy New Year to you too!!!
Lincoln

Rutherfordton, NC

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#836409
Jan 10, 2013
 

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carol wrote:
Why we are where we are today:
1999 - Bill Clinton put CRA on steroids pushing Fannie Mae and Freddie Mac to increase number of sub-prime loans.
1999 - New York Times published an article “Fannie Mae Eases Credit to Aid Mortgage Lending” warning of coming crisis due to lax lending policies of the Clinton administration.
2003 - White House called Fannie and Freddie a “systemic risk” and Bush administration pushed Congress to enact new regulations.
2003 - Rep. Barney Frank said Fannie and Freddie are “not in a crisis,” bashed Republican-sponsored regulation legislation.
2005 - Federal Reserve Chairman Alan Greenspan voiced warning over F&F accounting, saying,“We are placing the total financial system of the future at a substantial risk.”
2005 - Sen. Charles Schumer said F&F “over the years have done an incredibly good job and are an intrinsic part of making America the best-housed people in the world.”
2006 - Sen. John McCain again called for reform of regulatory structure governing F&F. And again Democrats blocked reform legislation.
2008 - The housing market collapsed.
2008-Present - Democrats blamed the Republicans.
Bush Republican crash in Oct 2008 is what voters remembered when the turned their back on the republican candidate for president who polled an amusing 47%.
-
Good Morning Carol,

Watched "The Matrix "
and
"The 39 Steps" Hitchcock classic
brown eyes

Roanoke, VA

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#836410
Jan 10, 2013
 

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What is black and white and red all over NATO a newspaper or sunburned zebra. LOL GF008 Safer World 2013
TheIndependentMa jority

Somerset, KY

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#836411
Jan 10, 2013
 

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Grey Ghost wrote:
<quoted text>
Wishing "FLAKE" a happy new year is kinda like wanting the Republican house to agree on something good for fellow Americans "FAT CHANCE". Hell he has no idiot just how miserable he is.
Ohhhhh...goober...Happy New Year to you too!!!
sonicfilter

Indianapolis, IN

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#836412
Jan 10, 2013
 

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carol wrote:
Why we are where we are today:
1999 - Bill Clinton put CRA on steroids pushing Fannie Mae and Freddie Mac to increase number of sub-prime loans.
1999 - New York Times published an article “Fannie Mae Eases Credit to Aid Mortgage Lending” warning of coming crisis due to lax lending policies of the Clinton administration.
2003 - White House called Fannie and Freddie a “systemic risk” and Bush administration pushed Congress to enact new regulations.
2003 - Rep. Barney Frank said Fannie and Freddie are “not in a crisis,” bashed Republican-sponsored regulation legislation.
2005 - Federal Reserve Chairman Alan Greenspan voiced warning over F&F accounting, saying,“We are placing the total financial system of the future at a substantial risk.”
2005 - Sen. Charles Schumer said F&F “over the years have done an incredibly good job and are an intrinsic part of making America the best-housed people in the world.”
2006 - Sen. John McCain again called for reform of regulatory structure governing F&F. And again Democrats blocked reform legislation.
2008 - The housing market collapsed.
2008-Present - Democrats blamed the Republicans.
you forgot something.

Bush drive for home ownership fueled housing bubble

"There is no question we did not recognize the severity of the problems," said Al Hubbard, Bush's former chief economic adviser, who left the White House in December 2007. "Had we, we would have attacked them."

Looking back, Keith Hennessey, Bush's current chief economic adviser, said he and his colleagues had done the best they could "with the information we had at the time." But Hennessey did say he regretted that the administration had not paid more heed to the dangers of easy lending practices.

And both Paulson and his predecessor, John Snow, say the housing push went too far.

"The Bush administration took a lot of pride that home ownership had reached historic highs," Snow said during an interview. "But what we forgot in the process was that it has to be done in the context of people being able to afford their house. We now realize there was a high cost."

For much of the Bush presidency, the White House was preoccupied by terrorism and war; on the economic front, its pressing concerns were cutting taxes and privatizing Social Security, a government retirement and disability benefits program. The housing market was a bright spot: Ever-rising home values kept the economy humming, as owners drew down on their equity to buy consumer goods and pack their children off to college.

Lawrence Lindsay, Bush's first chief economic adviser, said there was little impetus to raise alarms about the proliferation of easy credit that was helping Bush meet housing goals.

"No one wanted to stop that bubble," Lindsay said. "It would have conflicted with the president's own policies."

http://www.nytimes.com/2008/12/21/business/wo...
carol

Orlando, FL

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#836413
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TIME - The mess that Fannie Mae has become is the progeny of many parents: Congress, which created Fannie in 1938 and loaded it down with responsibilities; President Lyndon Johnson, who in 1968 pushed it halfway out the government nest and into a problematic part-private, part-public role in an attempt to reduce the national debt; and Jim Johnson, who presided over Fannie's spectacular growth in the 1990s. But it was Johnson's successor, Raines, who was at the helm when things really went off course. A former Clinton Administration Budget Director, Raines was the first African-American CEO of a Fortune 500 company when he took the helm in 1999. He left in 2004 with the company embroiled in an accounting scandal just as it was beginning to make big investments in subprime mortgage securities that would later sour. Last year Fannie and rival Freddie Mac became wards of the state.

http://www.time.com/time/specials/packages/ar... #ixzz2HaZqqPOE

In 2004 Congressional hearing to rein in F&F:

Maxine Waters (D): Through nearly a dozen hearings, we were frankly trying to fix something that wasn’t broke. Mr. Chairman, we do not have a crisis at Freddie Mac, and particularly at Fannie Mae, under the outstanding leadership of Franklin Raines.

Gregory Meeks (D):… I’m just pissed off at OFHEO [the regulators trying to warn Congress of insolvency at the GSEs], because if it wasn’t for you, I don’t think we’d be here in the first place.… There’s been nothing that indicated that’s wrong with Fannie Mae, Freddie Mac has come up on its own … The question that then comes up is the competence that your agency has with reference to deciding and regulating these GSEs.

Lacy Clay (D): This hearing is about the political lynching of Franklin Raines.

Barney Frank (D): I don’t see anything in this report that raises safety and soundness problems.

....Continue to solely blame Republicans if you want...even in the face of this documented information...can't help foolish.

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