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

Since: Aug 11

Location hidden

#961181 Aug 7, 2013
Yeah wrote:
<quoted text>It's called capitalism.
It's called Socialism.
John Galt

Temecula, CA

#961182 Aug 7, 2013
Ilkwas wrote:
<quoted text>
What is the source of your last two posts to me?
Only fools think that they can get something for nothing, like ObamaKKKare.
Yeah

San Jose, CA

#961184 Aug 7, 2013
Anonymous of Indy wrote:
<quoted text>It's called Socialism.
I wonder why Freddie fannie made so much money at then? And the Clinton law is still in place, right?

Hmmmmmmm......

Socialism? I don't think so.....
Yeah

San Jose, CA

#961185 Aug 7, 2013
Anonymous of Indy wrote:
<quoted text>Socialism was the cause not pure Capitalism which would reject the Government's involvement and now it is harder for low Income people to get mortgages now thanks to Socialism which I told you that the Federal Reserve requested changes to the CRA and again its not pure Capitalism when the Federal Government is allowed to interfere economically that is Socialism and it tells me you are one of those that the Federal Government here in US has believing that American Capitalism is actually pure Capitalism and its not pure Capitalism just Capitalism in name only and just a hybrid form of Socialism as Karl Marxs would call it that mimics certian aspects of pure Capitalism but not true pure Capitalism.
In this article, you'll explore capitalism: its roots, principles and effects, benefits and shortcomings. We'll find out how capitalism compares to the alternative method of doing business. Incidentally, the United States doesn't actually practice capitalism. No one does these days.
In pure capitalism, things like child labor laws, Social Security, anti-discriminatory hiring practices and a minimum wage have no place. Capitalism rejects all government intervention in economic matters.
http://money.howstuffworks.com/capitalism.htm
Then you must be saying socialism works....

Since: Aug 11

Location hidden

#961187 Aug 7, 2013
John Galt wrote:
<quoted text>
The problem was not solely low income buyers, but others who got caught up in a housing bubble and paid far more than their homes were worth.
No amount of legislation can cure stupidity.
But that was the purpose of allowing Low Income people to buy house to create demand and drive prices up and once those people's Federal Mortgage Defermants ran out they were forclosed on or they walked away and is what too caused housing prices to tumble besides that is how I found out how this one couple was living in this one house and we knew their jobs that they had there was no way they could afford the house which I couldn't figure out how they were doing it but actually what they were doing was living there for free while their payments were being deferred by the Federal Government and all they were doing was just paying the utilities during the defferment period while living there is what the guy who was there to take the house back told and said alot of them were doing that and the Federal Government was allowing it.

Since: Aug 11

Location hidden

#961188 Aug 7, 2013
Yeah wrote:
<quoted text>I wonder why Freddie fannie made so much money at then? And the Clinton law is still in place, right?
Hmmmmmmm......
Socialism? I don't think so.....
that was a scam, it was Bush that threw the Red Flags up about Freddie Fannie and Barney said there was nothing wrong and Bush was Right, GSE is an example of Socialism.

Democrats were WARNED of Financial crisis and did NOTHING

Since: Aug 11

Location hidden

#961189 Aug 7, 2013
Yeah wrote:
<quoted text>Then you must be saying socialism works....
depends on who's version.
Waxman

Windsor, CT

#961192 Aug 8, 2013
Where's Obama & Sharpton?

"Obmama Ignores 3 Black Teens Beating Up White Teen on Bus"

"Three black 15-year-old boys severely assaulted a 13-year-old white boy – allegedly because the white boy had told school authorities that one of the black boys tried to sell him drugs. The fight resulted in the victim having a broken arm and two black eyes."

Barack Obama, our racist President

http://www.usanewsfirst.com/2013/08/07/obmama...
Obskeptic

Royal Oak, MI

#961193 Aug 8, 2013
Yeah wrote:
<quoted text>Then you must be saying socialism works....
Until you run out of other peoples money. We know the free market works, but that system creates very independent citizens, and liberalism doesn't work well for people that don't need them. Thats why the democrats are working so hard to create dependence on an ever growing, gargantuan government.

Since: Oct 08

Location hidden

#961195 Aug 8, 2013
Fenris the Big Bad Wolf wrote:
<quoted text>
Dong is a chubby chinaman, and a helluva cook. He's also more than a little retarded, so please take it easy on him so I can continue to eat ....
I 'feel' so 'solly' for you Fenris? What class do we put him in... Idiot, Imbecile, or Moron? He has to be placed in a higher category than "Obama Money", he can actually put one cognizent thought in a post. After all he voted for, and is supported by Barack Hussein Obama's Giverment??
TheIndependentMa jority

Manchester, KY

#961196 Aug 8, 2013
John Galt wrote:
<quoted text>
Go back to your rathole in Bumpass or Moreno Valley or wherever, you draft-dodging scumbag.
Make he lay he matches down first though-Lake Elsinore is already in bad enough shape!!
Anthony W

New York, NY

#961197 Aug 8, 2013
NJ raider 1 wrote:
<quoted text>This Coming from they who elected both Bush's, the dumbest of the 2 twice! Now those are 2 people to be proud of! Sarcasm!
I agree 100% but my worst fear on the campaign trail other than someone asking me what I sexted today, is someone asking me why Obama is such a failure. I must have that list of students that Obama's handlers pepper the audience with whenever he is about to go off the teleprompter.

We left-wing, ivory-tower, we-know-best elitists HAVE TO praise Obamanomics, but it isn't working. And I'm afraid someone in the audience will shout out what the press doesn't report. Like the following:

First-quarter gross domestic product numbers for 2013 were recently revised -- downward from 1.8 percent to 1.1 percent. For perspective, four years into the recovery from the last deep recession in '81-'82, the economy grew at 4.1 percent.

What about the declining "labor force participation rate"?

This counts the percentage of civilians 16 years and older working or actively looking for work. When President Barack Obama took office, the labor force participation rate was 65.7. Today it is 63.4, up 0.1 from April's 34-year low. Frustrated, many able-bodied and able-minded would-be workers have simply given up looking for jobs.

The number of people receiving federally subsidized food assistance today exceeds the number of full-time, private-sector working Americans. The number of Americans receiving foods stamps (now called SNAP) has reached 47.5 million, increasing an average of 13 percent a year from 2008 to 2012. Almost 9 million disabled American workers currently collect federal Social Security benefits -- double the number of disabled in the late '90s -- many admitting that they could work, but choose not to look.

Just to break even -- to keep pace with new entrants into the market -- the economy must produce 150,000 jobs per month. To date, Obama's four years of recovery have produced 4,657,000 jobs -- an average of 97,020 per month. At this juncture in the '80s, following the last big recession, the economy had produced 11.2 million new jobs, or 233,333 per month.

Even left-wing media outlets like ABC and The Washington Post cannot pretend that this is normal so they have to downplay this and report important things, like say emails about fishing intercepted from the first year Sarah Palin was Governor. About the advance estimate of the most recent quarter's dismal 1.7 percent growth, a Post business writer said: "It isn't even mediocre. It's terrible. It's a sign of the diminished economic expectations ... that it's anything to crow about at all. ABC called this latest report "disappointing." Of course, neither ABC nor The Washington Post attributed the disappointing results to anything President Obama has done.

I can't sleep at night with worry that someone will ask me why Obama and the Democrats are leading the country into a third world abyss and don't care about the middle class, and that's when I cheer myself up with a self photo shoot. Tweet, Tweet.
ra_con_teur

Norman, OK

#961198 Aug 8, 2013
When having a cigar with your intern was wrong...

{Flashback–Filner: Clinton's Sexual Relationship with Intern 'Reckless and Indefensible'}

http://www.breitbart.com/Breitbart-TV/2013/08...
TheIndependentMa jority

Manchester, KY

#961199 Aug 8, 2013
Yeah wrote:
<quoted text>Golly. Even with the 'bad law' in place, looks what's happening. I guess the facts don't agree with you....
"
Freddie Mac profit jumps; will pay U.S. Treasury $4.4 billion
Like
Dislike
Reuters
Margaret Chadbourn 13 hours ago Budget, Tax & EconomyFinanceFreddie MacFannie MaeInterest rate
File photo shows the headquarters of mortgage lender Freddie Mac in McLean
.
View gallery
The headquarters of mortgage lender Freddie Mac is seen in Mclean, Virginia, near Washington, in this …
By Margaret Chadbourn
WASHINGTON (Reuters)- Freddie Mac , the U.S.-owned mortgage finance company, on Wednesday said its second-quarter profit surged 65 percent to $5.0 billion, its second largest ever, as rising home prices limited credit losses and it booked big gains on derivatives that benefited from rising interest rates.
That big profit and another like it expected soon from larger sister Fannie Mae are fast becoming the centerpiece of the debate over housing-finance reform, which has languished since taxpayers stepped in to rescue the pair to the tune of nearly $188 billion during the financial crisis....
Freddie Mac, which has operated under federal conservatorship since it was seized in 2008 during the financial crisis, said that based on its net worth of $7.4 billion, it will make a dividend payment of $4.4 billion to the U.S. Treasury as part of the reimbursement for its rescue aid.
Meanwhile, the company continued to hold off on writing up $28.6 billion in tax assets, an accounting move that would dramatically increase its remittance to the Treasury. A determination on when to mark up some or all of the so-called deferred tax assets could occur by year end, the company said.
"If the positive trend in our book and taxable income continues, we may release the valuation allowance in the next two quarters," Freddie Mac Chief Executive Officer Donald Layton said in a conference call.
Fannie Mae has already booked a comparable allowance in the first quarter, triggering a massive dividend to the Treasury of $59.4 billion, most of which was attributable directly to the accounting gain.
For the second quarter, Freddie's net income rose to $5.0 billion from $3.0 billion a year earlier. It was up 9 percent from the first quarter's $4.6 billion, putting the company on track for record annual profitability....
PROFITS FROM HOUSING RECOVERY
The return to profitability of Freddie and Fannie in the last two years has largely occurred on the back of a continuing housing market recovery, marked by rising home prices and falling mortgage delinquencies.
U.S. home prices are rising at the fastest pace since 2006. The S&P/Case Shiller index of property values in May showed home prices racked up a hefty 12.2 percent gain from the year before.
Both Freddie Mac and Fannie Mae are required to pay everything above $3 billion to the Treasury in return for taxpayer aid under existing bailout terms.
The two companies have paid nearly $132 billion in dividend payments. Freddie expects to pay the Treasury the $4.4 billion dividend payment by September, bringing Freddie's total to roughly $41 billion as the amount of dividends it will have paid to the Treasury. The company has drawn $71 billion in federal aid, which leaves taxpayers on the hook for about $30 billion...."
Why opotus dogging it yesterday then...wait let's take a guess..robbinghoodietic ekernomics 101...so the already brokeback honest, hard working already drained TAXPAYER sectors can directly suffer for the increase in fweeriding sectors of fools that can't manage their own (LACK of BUDGETING skills) of DEBTS.
ra_con_teur

Norman, OK

#961200 Aug 8, 2013
Meanwhile...

Democrats thought Rmoney was nuts when he proposed that Russia was bad...

http://maddowblog.msnbc.com/_news/2012/03/27/...
TheIndependentMa jority

Manchester, KY

#961202 Aug 8, 2013
John Galt wrote:
<quoted text>
lame
All U.S. owned shipping ports should have tariff entry fees, with hi-res, in depth scanning, profiling AND constant imagery monitoring procedures prior.

NO sell outs.

Welcome to the U.S.A, of the post 9/11 world.

“My Life Is A Shell Game”

Since: May 07

Lapeer, MI

#961203 Aug 8, 2013
John Galt wrote:
<quoted text>
The problem was not solely low income buyers, but others who got caught up in a housing bubble and paid far more than their homes were worth.
No amount of legislation can cure stupidity.
"No amount of legislation can cure stupidity."

To Congress: "Physician, heal thyself"

Since: Dec 12

Location hidden

#961204 Aug 8, 2013
Ilkwas wrote:
<quoted text>
You're an elite from the government and labor unions?
Just kidding. I agree that congress and the president should be included in Obamacare. It would be the best healthcare in history.
Are you saying that union members are exempt because they already have their own insurance? Most working people fall into that category both in the private sector and public employees.
Yeah but it sounds a lot more nefarious if you say unions are exempt as a political favor/payback.
TheIndependentMa jority

Manchester, KY

#961205 Aug 8, 2013
Anthony W wrote:
<quoted text>I agree 100% but my worst fear on the campaign trail other than someone asking me what I sexted today, is someone asking me why Obama is such a failure. I must have that list of students that Obama's handlers pepper the audience with whenever he is about to go off the teleprompter.
We left-wing, ivory-tower, we-know-best elitists HAVE TO praise Obamanomics, but it isn't working. And I'm afraid someone in the audience will shout out what the press doesn't report. Like the following:
First-quarter gross domestic product numbers for 2013 were recently revised -- downward from 1.8 percent to 1.1 percent. For perspective, four years into the recovery from the last deep recession in '81-'82, the economy grew at 4.1 percent.
What about the declining "labor force participation rate"?
This counts the percentage of civilians 16 years and older working or actively looking for work. When President Barack Obama took office, the labor force participation rate was 65.7. Today it is 63.4, up 0.1 from April's 34-year low. Frustrated, many able-bodied and able-minded would-be workers have simply given up looking for jobs.
The number of people receiving federally subsidized food assistance today exceeds the number of full-time, private-sector working Americans. The number of Americans receiving foods stamps (now called SNAP) has reached 47.5 million, increasing an average of 13 percent a year from 2008 to 2012. Almost 9 million disabled American workers currently collect federal Social Security benefits -- double the number of disabled in the late '90s -- many admitting that they could work, but choose not to look.
Just to break even -- to keep pace with new entrants into the market -- the economy must produce 150,000 jobs per month. To date, Obama's four years of recovery have produced 4,657,000 jobs -- an average of 97,020 per month. At this juncture in the '80s, following the last big recession, the economy had produced 11.2 million new jobs, or 233,333 per month.
Even left-wing media outlets like ABC and The Washington Post cannot pretend that this is normal so they have to downplay this and report important things, like say emails about fishing intercepted from the first year Sarah Palin was Governor. About the advance estimate of the most recent quarter's dismal 1.7 percent growth, a Post business writer said: "It isn't even mediocre. It's terrible. It's a sign of the diminished economic expectations ... that it's anything to crow about at all. ABC called this latest report "disappointing." Of course, neither ABC nor The Washington Post attributed the disappointing results to anything President Obama has done.
I can't sleep at night with worry that someone will ask me why Obama and the Democrats are leading the country into a third world abyss and don't care about the middle class, and that's when I cheer myself up with a self photo shoot. Tweet, Tweet.
You weiners really need to keep you clothes on while poliTicing though.

OTHERWISE, You'll GAG and puke the ones with any actual mind activity...causing an overrun on plaskit barf bag usage, which then causes garbage waste managment issues, which then causes excessive, non-biodegradable type material, which then causes increased water pollution, which then causes clean water supply depletion, which then cause a continued cycle stemmed from initial toxic plague waste.

So don't be a weiner, keep your clothes ON-WORMS.
Anthony W

New York, NY

#961206 Aug 8, 2013
Oh my. I just saw hurtful judgeits. I guess SOMEONE didn't like my last post, but they need to man up (gotta Tweet that :) and think about it what I posted, if we Democrats don't want to be known as the inmates running the Washington Asylum.

Like, at 1 recent campaign stop, someone in the audience yelled out I’m disgusting and Obama is no Ronald Reagan. Well I think I am pretty special and about Obama: Of course not!

President Ronald Reagan took an entirely different course than has Obama. Reagan dramatically lowered taxes, reduced the speed of domestic spending and continued deregulation policies of Jimmy Carter. The economy took off, and 3 years into recovery, had produced an 8.9% increase in civilian employment -- almost 9 million jobs, with a post-recovery GDP that averaged over 5%.

The Reagan recovery was no aberration. Spending and tax cuts between 1922 and 1929 gave us the so-called "roaring '20s," when unemployment fell from 6.7% to 3.2%, and real gross national product grew at an annual average rate of 4.7%.

Similarly, when President George W. Bush lowered taxes, the economy took off, and the unemployment rate went down to a low of 4.4 in 2006.

So we Democrats brag about the robust Clinton economy. But what we don’t say (because we know it is true) President Bill Clinton inherited an economy in its 22nd month of recovery. And Democrat historians ignore the economy-damaging measures that Clinton attempted -- most notably HillaryCare -- but could not pull off because Republicans stopped him.

74% of small-business owners say they plan to reduce hours, put off hiring or fire people to minimize the impact of ObamaCare. ObamaCare kicks in at 50 employees and applies to full-time workers. So employers keep the number of workers under 50 and-or reduce hours to less than full-time (30 hours or more), and they get around ObamaCare. What this does to the economy and job creation is another story.

In 2009, Obama's economic team outlined the path of the economy "if we do nothing" versus the path of the economy with Obama's plans for stimulus and ObamaCare. Team Obama predicted an unemployment rate, at this point in the recovery, of 5%-- with his "stimulus." If Obama did nothing, they predicted, unemployment would reach 5% by the beginning of 2014. Today unemployment is at 7.4%, artificially low considering the number of people who have given up.

What will it take for us Democrats to say we were wrong?

How many more Americans must remain unemployed or underemployed before the left stops blaming G.W. Bush, the GOP-led House or global warming?

Historically, the deeper the recession, the higher the bounce back. Since World War II, this recovery has been by far the weakest. The question is why.

Our history shows that
...burdening the productive through higher taxes, especially during sluggishness, hurts the economy.
...Imposing billions of dollars in new federal regulations, as this administration has done, hurts the economy.
...Placing nearly 1/7th of the nation's economy -- via ObamaCare -- under the control of the federal government hurts the economy.

This woman last yelled out that this is an arrogant administration led by a man distrustful of the private sector and devoid of experience in it.

Someone else screamed Obama is cheered and emboldened by a compliant media that would "report" relentlessly on the "jobless recovery of President X" were these the economic numbers of a Republican president.

Stacked with power-assuming administrative "czars," the Obama administration fancies itself enlightened and noble, in complete possession of the wisdom needed to know from whom to take and to whom to give. Kind of like the Obama-loving left wing posters here, am I right or am I right?

Therefore, to paraphrase my wife's BFF, former Secretary of State Hillary Clinton, "What difference do these bad numbers make?"

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
Once slow-moving threat, global warming speeds ... (Dec '08) 16 min Patriot AKA Bozo 47,053
Amy - 9-29-2014 17 min Mister Tonka 33
Messianic Jews say they are persecuted in Israel (Jun '08) 22 min Eric 69,537
Rattlesnake Logic 26 min LogicThatBITES 4
Ill. House Approves Legalizing Same-Sex Civil U... (Dec '10) 42 min Cali Girl 2014 50,053
BARACK OBAMA BIRTH CERTIFICATE: Suit contesting... (Jan '09) 59 min Rogue Scholar 05 178,612
IL Who do you support for Governor in Illinois in ... (Oct '10) 1 hr LieutenantGov 4,053
Topix Chitown Regulars (Aug '09) 1 hr door left open wa... 98,367
Chicago Dating

more search filters

less search filters

Chicago Jobs

Chicago People Search

Addresses and phone numbers for FREE

Chicago News, Events & Info

Click for news, events and info in Chicago

Personal Finance

Mortgages [ See current mortgage rates ]