Barack Obama, our next President

There are 20 comments on the Hampton Roads Daily Press story from Nov 5, 2008, 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.

Since: May 11

Loysville, PA

#872852 Mar 12, 2013
Eman wrote:
<quoted text>
Keep posting that, realtime will eventuallt believe you. In the mean time the gao says it does. I believe them over you anyday.
This is why you are so GD dumb.

You take a GAO report written for Jeff Sessions that had asked what would happen if certain revenues & certain cuts were not in effect.
John Galt

Temecula, CA

#872853 Mar 12, 2013
palsiwalsi wrote:
<quoted text>
Loaded up front to increase down the road.
The purpose of such mortgages is to allow people to qualify based on anticipation of future earnings increases. Galt does not approve of such financing arrangements, preferring conventional fixed rate mortgages with 20% down payments. However, this would exclude disproportionate shares of minorities from home ownership.

The "booby trap" characterization is unfair, intended for media hype. Borrowers are informed of the terms, both verbally and in writing, when they apply for the mortgage. If they choose to ignore the potential problem, or are too stupid to understand, then nothing can help them.

Intelligent people actually read every document associated with a home purchase in its entirety and should have the documents reviewed by an attorney.
carol

Orlando, FL

#872855 Mar 12, 2013
Lot of us who eat venison will pop a few fawns each year. Like human babies they're tenderest at that age, before they start wrecking cars and shit.

Since: May 11

Loysville, PA

#872856 Mar 12, 2013
John Galt wrote:
<quoted text>
If dumbass Dave had his way and foreign profits were taxed at exorbitant US tax rates, what would prevent General Electric corporate structure from leaving the US and locating in a low-tax country?
Would that make dumbass Dave happy?
You actually think GE would cease to be a US company?

Why haven't they left already?

“searching myself”

Since: Sep 09

In Charming CA

#872857 Mar 12, 2013
Forum wrote:
<quoted text>
Why do men bother little boys?
They cannot destroy evidence.
God can put it on replay.
Why does 'God' allow it to go on in the first place?

If 'God' is putting it on replay, it must be so that 'God' can watch it, and do nothing to stop it, again, and again, and again.

Some god you have there.

Since: May 11

Loysville, PA

#872858 Mar 12, 2013
palsiwalsi wrote:
<quoted text>
here douchebag dolt:
Just the facts ma'm:
, Budget Deficits
http://www.fms.treas.gov/index.html
2002 FY Budget Deficit $158 Billion
2003 FY Budget Deficit $365 Billion
2004 FY Budget Deficit $412 Billion
2005 FY Budget Deficit $319 Billion
2006 FY Budget Deficit $248 Billion
2007 FY Budget Deficit $161 Billion
Democrats control Congress
2008 FY Budget Deficit $455 Billion
2009 FY Budget Deficit $1.4 Trillion
2010 FY Budget Deficit $1.3 Trillion
Repubicans control House - filibuster everything in Senate
2011 FY Budget Deficit $1.6 Trillion
2012FY Budget deficit $1.6 trillion
2013 proposed deficit $1.1 trillion
I fixed it for you.
TSM

El Paso, TX

#872859 Mar 12, 2013
RealDave wrote:
<quoted text>
This is a loophole Republicans refuse to close. It is a loophole that Obama wants to close.
RealDave you have too many Red Blood Cells going your Head…You continue to lie that Republicans wasn’t willing to deal with Loopholes (Subsidies) neither were Democrats, the Senate votes to (End Oil Company Subsidies) Dave it was defeated by a bi-partisan vote 52-48!! Again Darn those Facts!!
carol

Orlando, FL

#872860 Mar 12, 2013
Jimmy wrote:
<quoted text>
Really? That was your pet name from your siblings? Oh well, at least they picked an applicable name for you.
Whoa! Jimmy! 4 syllables! You outdoin' you best work here... however... the word you were seeking is, "appropriate." You see, Jimmy, in the English language there are certain words for certain situations. In this case,'applicable,' is.. well... the wrong one.(Check your pulse now, and again in 20 minutes...)
John Galt

Temecula, CA

#872861 Mar 12, 2013
John Galt wrote:
<quoted text>
The purpose of such mortgages is to allow people to qualify based on anticipation of future earnings increases. Galt does not approve of such financing arrangements, preferring conventional fixed rate mortgages with 20% down payments. However, this would exclude disproportionate shares of minorities from home ownership.
The "booby trap" characterization is unfair, intended for media hype. Borrowers are informed of the terms, both verbally and in writing, when they apply for the mortgage. If they choose to ignore the potential problem, or are too stupid to understand, then nothing can help them.
Intelligent people actually read every document associated with a home purchase in its entirety and should have the documents reviewed by an attorney.
Bottom line is, no amount of government regulation can help stupid people.
John Galt

Temecula, CA

#872862 Mar 12, 2013
carol wrote:
<quoted text>
That's one where right after you sign it, your tits explode.
lily impersonating Carol?
Realtime

Deltona, FL

#872863 Mar 12, 2013
John Galt wrote:
<quoted text>
Lotsa people love swamps, insects, humidity, traffic, and hordes of New Yorkers.
Go figure.
Maybe they go there for the "schmear."
Right, like that shithole/dustbowl you live is what? Paradise?

Actually Paradise CA would have been a better choice for a racist POS like yourself or the nearby Magalia which is a tad whiter for it's lack of Jews. Hah!

Let's review__Galt posted from near Reading PA for three plus years while bitchn about liberal strongholds such as CA and bragging about golf in AZ.

Galt is a joke waiting to unwind.
John Galt

Temecula, CA

#872864 Mar 12, 2013
carol wrote:
Lot of us who eat venison will pop a few fawns each year. Like human babies they're tenderest at that age, before they start wrecking cars and shit.
Realtime impersonating Carol?
John Galt

Temecula, CA

#872865 Mar 12, 2013
RealDave wrote:
<quoted text>
You actually think GE would cease to be a US company?
Why not? None of their customers would care.

Why do you think most US corporations are incorporated in Delaware?

Why do you think many companies are moving to low-tax states?
NJ raider 1

Washington, DC

#872867 Mar 12, 2013
HOPE-WOW-COC-TRUTH-HEMLOC wrote:
dissent would be intolerable under an Obama Administration, enforced both from the Black political consensus and from the Democratic Party wingnuts--quashing dissent even with all of the attendant special interest burdens that come with any aspect of the Democratic Party.
I knew that the Muslim world was going to be in for a shockingly rude awakening, but even I could not conceive of the carnage this President could bring to that part of the world--either by a policy that encourages Muslims to kill other Muslims, or by the dropping of bombs and the use of depleted uranium on Muslim communities. But not only that, we are seeing the murder of whole countries and the communities and cultures that gave rise to them. The President's policies are dismantling and dismembering Pakistan and Afghanistan as we watch. The U.S. Embassy in Iraq announced plans to employ a total of 16,000 people, doubling its staff, within the next two years. The only antidote to these policies is unity and I hope that the residents of these countries are able to unite and resist in a much more effective way than have "antiwar" "liberal" communities inside the United States. Of course, some individuals stand out and are leading the resistance now and I can only hope that their voices are heard and multiplied among the masses, both here and around the world.
OBAMA MAN OF PEACE LOLOLOLHAHAHA MAN OF FRAUD lolololOBAMA
You really have it out for Obama. He must've f cked your wife after running a train on your mom! For people suppose to be doing so well, y'all sure do complain an awful lot! Lol!

“My Life Is A Shell Game”

Since: May 07

Lapeer, MI

#872868 Mar 12, 2013
Cway wrote:
<quoted text>
Shiny,
Don't try to BS us by changing your original argument. You claimed Roosevelt was responsible for putting Japanese-Americans into internment camps via executive order 9066.
The language there does not support your case.
You have been busted with your own evidence.
And everyone sees it.
You clearly have DNA issues. Cognizance, Comprehension and Cogent responses evade you.

Perhaps therapy?
Realtime

Deltona, FL

#872869 Mar 12, 2013
palsiwalsi wrote:
<quoted text>
San José State University
Department of Economics
The Nature and the Origin
of the Subprime Mortgage Crisis
Now pay attention
"of the Subprime Mortgage Crisis
There has been a long term American policy of promoting home ownership. This entailed making the financing of home purchases as easy as possible. Various financial institutions were set up over time to make the securing of a mortgage quick and convenient. There once were Savings and Loan Associations that were savings institutions which could only invest in home mortgages. Fannie Mae (the Federal Nation Mortgage Association FNMA) was set up in 1938 to provide a secondary market for home mortgages. This meant that if a bank granted a mortgage to someone and later the bank needed funds the bank could readily sell the mortgage to Fannie Mae. However, in order for lending institutions to have access to the secondary mortgage market of Fannie Mae they had to abide by Fannie Mae's rules.
In the past Fannie Mae prohibited the lenders it was dealing with to engage in the practice of red lining. Red Lining meant that a bank would refuse to finance a home purchase in neighborhoods it consider high risk even if the prospective borrowers were themselves good credit risks. In part, this was because the bank did not want, in the event of default and foreclosure, to become the owner of property in a risky neighborhood. The deeper roots of the problem go back to the Community Reinvestment Act of 1977.
In the 1990's under the administration of Franklin Raines, a Clinton Administration appointee, Fannie Mae began to demand that the lending institutions that it dealt with prove that they were not redlining. This meant that the lending institutions would have to fulfill a quota of minority mortgage lending. This in turn meant that the lending agencies would have to lower their standards in terms of such things as down payments and the required incomes. These subprime borrowers would be charged a higher interest rate. Having put the lending agencies into the position of granting subprime mortgages Fannie Mae then had to accept lower standards in the mortgages it purchased. That set the ball rolling. If a bank granted a mortgage to a borrower that was not likely to successfully pay off the mortgage then all the bank had to do was to sell such mortgages to Fannie Mae. The banks typically earned a loan origination fee when the mortgage was granted. The lending agencies could then make substantial profits dealing in subprime mortgages.
Because Fannie Mae and Freddie Mac made a market for subprime mortgages the lenders did not have to worry about of the soundness of the mortgage contract they wrote. Thus the lenders could write the mortgages as adjustable interest rate mortgages knowing full well that an upturn in the interest rates could easily throw the borrower into insolvency. For example, when the interest rate is 6 percent the mortgage payment for a 30-year $200,000 mortgage is $1199 per month. If the interest rate goes up to 7 percent the mortgage payment would increase by $131 per month, an 11 percent increase. For many of the subprime borrowers living on the edge of insolvency this would be enough to push them over the edge. The guilt for the subprime mortgage financial crisis lies both with the lenders who knowingly put borrowers into booby trapped mortgages and the management of Fannie Mae and Freddie Mac for making a market for such booby trapped mortgages thus giving the lenders the incentive for writing them. "
this is the good part
----------
"guilt for the subprime mortgage financial crisis lies both with the lenders who knowingly put borrowers into booby trapped mortgages and the management of Fannie Mae and Freddie Mac for making a market for such booby trapped mortgages thus giving the lenders the incentive for writing them."
"
Thayer Watkins__ scumbag trash__you should be ashamed!

“My Life Is A Shell Game”

Since: May 07

Lapeer, MI

#872870 Mar 12, 2013
Cway wrote:
<quoted text>
The only evidence you have is 9066 and it doesn't support you.
General DeWitt's order of May 3, 1942 fully supports my contention that the military came up with the idea of placing Japanese-Americans in camps.
9066 made clear the military had the right to create security zones around certain bases and exclude anyone they wished from those zones.
What the military did went far beyond this. They turned the entire West Coast into a military zone.
If you fail to comprehend this as a grotesque ursurpation of power, then you're hopeless. The military clearly bent the rules with a vengeance because it was they who wanted Japanese-Americans behind barbed wire.
I will further add that the internment process began with DeWitt's order and not before.
You are totally busted.
Let's hope you can wake up before you die and not after.

You have a low ceiling and you're hitting it right now.
Lily Boca Raton Fl

Boca Raton, FL

#872872 Mar 12, 2013
Realtime wrote:
<quoted text>Right, like that shithole/dustbowl you live is what? Paradise?
Actually Paradise CA would have been a better choice for a racist POS like yourself or the nearby Magalia which is a tad whiter for it's lack of Jews. Hah!
Let's review__Galt posted from near Reading PA for three plus years while bitchn about liberal strongholds such as CA and bragging about golf in AZ.
Galt is a joke waiting to unwind.
You forgot Texas and Bulgaria!!

“Often imitated”

Since: Jul 07

never duplicated

#872873 Mar 12, 2013
John Galt wrote:
<quoted text>
If dumbass Dave had his way and foreign profits were taxed at exorbitant US tax rates, what would prevent General Electric corporate structure from leaving the US and locating in a low-tax country?
Would that make dumbass Dave happy?
To a loony left winger the solution us to punish those who make a profit not make it attractive to move that money to the u.s. they are a short sighted bunch.
Lily Boca Raton Fl

Boca Raton, FL

#872874 Mar 12, 2013
John Galt wrote:
<quoted text>
Why not? None of their customers would care.
Why do you think most US corporations are incorporated in Delaware?
Why do you think many companies are moving to low-tax states?
Why do you think they're not moving to Florida?

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