Barack Obama, our next President

"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 ... Full Story
sonicfilter

Fishers, IN

#894453 Apr 28, 2013
Park Place South is, in microcosm, the story of a well-intentioned policy gone awry. Advocating home ownership is hardly novel; Bill Clinton's administration did it, too. For Bush, it was part of his vision of an "ownership society," in which Americans would rely less on the government for health care, retirement and shelter. It was also good politics, a way to court black and Hispanic voters.

But for much of Bush's tenure, government statistics show, incomes for most families remained relatively stagnant while housing prices skyrocketed. That put home ownership increasingly out of reach for first-time buyers like West.

So Bush had to, in his words, "use the mighty muscle of the federal government" to meet his goal. He proposed affordable housing tax incentives. He insisted that Fannie Mae and Freddie Mac meet ambitious new goals for low-income lending.

Concerned that down payments were a barrier, Bush persuaded Congress to spend as much as $200 million a year to help first-time buyers with down payments and closing costs.

And he pushed to allow first-time buyers to qualify for government insured mortgages with no money down. Republican congressional leaders and some housing advocates balked, arguing that homeowners with no stake in their investments would be more prone to walk away, as West did. Many economic experts, including some in the White House, now share that view.

The president also leaned on mortgage brokers and lenders to devise their own innovations. "Corporate America," he said, "has a responsibility to work to make America a compassionate place."

And corporate America, eyeing a lucrative market, delivered in ways Bush might not have expected, with a proliferation of too-good-to-be-true teaser rates and interest-only loans that were sold to investors in a loosely regulated environment. But Bush populated the financial system's alphabet soup of oversight agencies with people who, like him, wanted fewer rules, not more.

The president's first chairman of the Securities and Exchange Commission promised a "kinder, gentler" agency. The second was pushed out amid industry complaints that he was too aggressive. Under its current leader, the agency failed to police the catastrophic decisions that toppled the investment bank Bear Stearns and contributed to the current crisis, according to a recent inspector general's report.

As for Bush's banking regulators, they once brandished a chain saw over a 9,000-page pile of regulations as they promised to ease burdens on the industry. When states tried to use consumer protection laws to crack down on predatory lending, the comptroller of the currency blocked the effort, asserting that states had no authority over national banks.

The administration won that fight at the Supreme Court. But Roy Cooper, North Carolina's attorney general, said, "They took 50 sheriffs off the beat at a time when lending was becoming the Wild West."

The president did push rules aimed at requiring lenders to explain loan terms more clearly. But the White House shelved them in 2004, after industry-friendly members of Congress threatened to block confirmation of his new housing secretary.

In the 2004 election cycle, mortgage bankers and brokers poured nearly $847,000 into Bush's re-election campaign, more than triple their contributions in 2000, according to the nonpartisan Center for Responsive Politics. The administration did not complete the new rules until last month.

Today, administration officials say it is fair to ask whether Bush's ownership push backfired. Paulson said the administration, like others before it, "over-incented housing."

Hennessey put it this way: "I would not say too much emphasis on expanding home ownership. I would say not enough early focus on easy lending practices."

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

Since: Sep 10

Location hidden

#894454 Apr 28, 2013
Eman wrote:
<quoted text>
Another loony left winger who missed the point entirely.
You claimed the economy would have improved even if Obama hadn't been re-elected.

Now you run away from your own comments.

Why am I not surprised by that??

Tell me, how would McLame have revved up the economy?? By invading Iran??

BWAHAHAHAHAHA

“Often imitated”

Since: Jul 07

never duplicated

#894455 Apr 28, 2013
Nuculur option wrote:
<quoted text>
Well, this is the Obama thread. DUH
But you're back to your attacking the women here, one of your old standards.
Haven't gotten laid in awhile, eh??
Prove anyone is a woman here.

Since: May 11

Gettysburg, PA

#894456 Apr 28, 2013
Eman wrote:
<quoted text>
Are you saying the economy would not have improved without obama? You don't even realize how delusional that sounds.
We could have slipped into a deep depression without the stimulus action.

If we followed the TeaParty & other right whiner plans & cut spending to meet revenues, we'd still be in a depression.

The idea that you right whiners will not give Obama credit for improving the economy was predicted my me after he won in 2008.

Since: Sep 10

Location hidden

#894457 Apr 28, 2013
Eman wrote:
<quoted text>
Slutty? And you missed the point entirely. I see your well passed your 6 beer daily alotment.
that would be 'past', not 'passed'. And you got 'alotment' wrong.

You 'see' through the internet and can tell how much others drink??

Or is this more of your 'talkin' thru your ass'??

I thought so.
TSM

El Paso, TX

#894458 Apr 28, 2013
Nuculur option wrote:
<quoted text>
Yes, he was great!!
Funny how Clinton and Obama have great senses of humor, while Bush I and II were humorless mopes!!
Nuculur isn’t it amusing when Obama tells a Joke ‘Silence’ than he has to tell the audience I just told a Joke Ha, Ha, and Ha!!

Since: May 11

Gettysburg, PA

#894459 Apr 28, 2013
TSM wrote:
<quoted text>
RealDave consider this if we use the Liberals new description of a Job ‘Welfare/Dependency’ you’re correct!! Since Obama took office 5.4 million Americans sign up for disability, Welfare soars 32% in four years now that’s what Liberals/Democrats call Job Creation!!
Wow, another right whiner blaming Obama for the effects of the Bush recession.
Whatever

Gering, NE

#894460 Apr 28, 2013
sonicfilter wrote:
<quoted text>
name calling? i go no farther than 'nutjobs'.
pretty sure i've seen you go much farther than that.
as for liar..... in this day and age every fact can be checked. now if only all of us dealt in 'facts'.....though some of us just attack the messenger as somehow that relates to the facts, in most cases when that happens the offended just can't defend no matter the messenger, so....
You are acting like I said you had a low EQ- I did not. I stated your alter ego NUK had a low EQ and he does do a lot of immature name calling.

Dave frequently attacks the messenger as being a liar without providing anything of value to back up his claim.

Since: Sep 10

Location hidden

#894461 Apr 28, 2013
Eman wrote:
<quoted text>
You're an idiot nuc. Go hump someone else's leg.
You're the one who said things blow up all the time in CA.

Yet you can't provide any examples.

I like catching you nitwits in lies. It's easy.
Whatever

Gering, NE

#894462 Apr 28, 2013
Eman wrote:
<quoted text>
Prove anyone is a woman here.
Point taken. You will have to take my word for it

“Often imitated”

Since: Jul 07

never duplicated

#894463 Apr 28, 2013
Nuculur option wrote:
<quoted text>
You claimed the economy would have improved even if Obama hadn't been re-elected.
Now you run away from your own comments.
Why am I not surprised by that??
Tell me, how would McLame have revved up the economy?? By invading Iran??
BWAHAHAHAHAHA
Re-elected? How was that possible in 2008? If you think it wouldn't have you're a bigger idiot than you portray here.
Whatever

Gering, NE

#894464 Apr 28, 2013
TSM wrote:
<quoted text>
Nuculur isn’t it amusing when Obama tells a Joke ‘Silence’ than he has to tell the audience I just told a Joke Ha, Ha, and Ha!!
Really? I did not watch it. That is bad.
NuculurNutsurpri Zed

Pompano Beach, FL

#894465 Apr 28, 2013
Nuculur option wrote:
<quoted text>
I worship and adore WAXTURD!! ROFLMAO!!
Not Surprized! ROTFLMAO!

Since: Apr 13

Orlando, FL

#894466 Apr 28, 2013
It’s true that key Democrats opposed the Federal Housing Enterprise Regulatory Reform Act of 2005 which would have established a single independent regulatory body with jurisdiction over Fannie and Freddie – a move that the Government Accountability Office had recommended in a 2004 report. House Banking Committee chairman Rep. Barney Frank of Massachusetts opposed legislation to reorganize oversight in 2000, 2003 and 2004 saying of the 2000 legislation that concern about Fannie and Freddie was "overblown." Senate Banking Committee chairman Chris Dodd (D) called a Bush proposal for an independent agency to regulate the two entities "ill-advised."

However, Republicans had a majority in the Senate and controlled the agenda and, since the bill was never brought up for a vote in the Senate, Democrats never got the chance to vote against it or to mount a filibuster to block it.

http://factcheck.org/2008/10/who-caused-the-e...

See how it easy it is to be objective?

Nevertheless, nowhere is Bush blamed for the housing market crisis.

Except here.
Lincoln

United States

#894467 Apr 28, 2013
Eman wrote:
<quoted text>
Prove anyone
is a woman
here.
nobama?

Since: Apr 13

Orlando, FL

#894468 Apr 28, 2013
RealDave wrote:
<quoted text>
Wow, another right whiner blaming Obama for the effects of the Bush recession.
Here's your challenge.

Find any source - not moveon.org , etc.- where Bush is solely blamed for the housing market crisis.

Go.

Since: May 11

Gettysburg, PA

#894469 Apr 28, 2013
Whatever wrote:
<quoted text>
Why? It still does not support your claim.
OK, I forgot I was talking to a GD idiot.

You claim fewer people are working because the participation rate is down.

So, you must believe that 50% of $1000 is better than 45% of $1200 because the percentage is higher.

When you say fewer people are working, you are looking at the number of people with jobs. Not the percentage rate.

You were caught in a lie & now try to squirm your way out.

Won't work.

Since: Sep 10

Location hidden

#894470 Apr 28, 2013
TSM wrote:
<quoted text>
Nuculur isn’t it amusing when Obama tells a Joke ‘Silence’ than he has to tell the audience I just told a Joke Ha, Ha, and Ha!!
So even nitwits like you watched it!!

I knew you were a secret Obama admirer. I know you can't admit to it in Texas, home of the idiots like Rick Perry!!

"Come to TX!! We gots no regulations, and we don't care how many citizens die because of it!!"
Diane Sawyer

Pompano Beach, FL

#894471 Apr 28, 2013
Lily Boca Raton Fl wrote:
<quoted text>
Gunner returns to his past of beating up women on the Ct pd
It has been reported that Boca Lily continues to arouse herself with fantasies of Gunner, giving President Obama competition.
Diane Sawyer

Pompano Beach, FL

#894472 Apr 28, 2013
Lily Boca Raton Fl wrote:
<quoted text>
He needs a binkie and his Sarah Palin blankly
It has also been reported Boca Lily is interested in including the former VP candidate in a threesome.

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