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
Homer 2016

Bethlehem, PA

#861051 Feb 18, 2013
Realtime wrote:
<quoted text>Whoa, don't get carried away Homer.
That description fits exactly no one on this thread and particularly not Bronach or the Laughing Liberal no matter which names they reappear as daily.
I walk/scroll away from fks like that too__with some pride I might add.
I like honest people best__and I dislike liars and trolls, simple deal.
Come on man, why can't I get carried away a little?
new hammer time

United States

#861052 Feb 18, 2013
Anybody want a New Hum Job ?
NEW HUMMJOB TIME IS IM DA HOWWWWSE !
On my knees and ready to please.!
sonicfilter

Fishers, IN

#861053 Feb 18, 2013
In Search of a ‘Solidaristic Center-Right’

... Republicans would, I think, have employed apocalyptic rhetoric about country-destroying socialism and spiteful 47 Percentism even if Hillary Clinton had won the presidency in 2008. The party, and the movement broadly speaking, needed to evade responsibility for the financial crisis and the recession that followed. So it noisily separated itself from the big-spending ways and self-advertised “compassion” of the Bush administration—even as it now grapples with the task of presenting an agenda that affirmatively appeals to middle-class families.

The problem is simple: a pro-family agenda and the apocalyptic anti-statism are divergent paths.

Sooner rather than later, conservatives interested in winning elections again are going to have to choose.

http://www.theamericanconservative.com/in-sea...

Since: Feb 13

Location hidden

#861054 Feb 18, 2013
discordian wrote:
<quoted text>
It's all here, dummy:
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.
One more time for your ignorant ass. What did 90% of ALL home loans defaulted on in 2008 have in common? They were ALL less than 5 years old. What changed in 2003 that 5 years later would cause so many loans not to be paid? President Bush Signs American Dream Downpayment Act of 2003. You can blame a housing bust on a 30 year old law all you want but you cannot work around the FACT that Bush changed the housing market in 2003 with his new Law that within 5 years went bad. Dumbass.
new hammer time

United States

#861055 Feb 18, 2013
Yes I swallow !
Realtime

Deltona, FL

#861056 Feb 18, 2013
Homer 2016 wrote:
<quoted text>Come on man, why can't I get carried away a little?
OK__go ahead__just don't soil or otherwise sully your rep as a sane and centered topix contributor.

Hah!

“It's always darkest 'fore dawn”

Level 5

Since: Jul 08

When's dawn?

#861057 Feb 18, 2013
new hammer time wrote:
I cant help it but everytime I see Obama on Tv , I get the urge to masterbate !
Spamming troll can't spell masturbate...I think this is the idiot from NC. What he lacks in intelligence he tries to make up for in vulgarity, but there's just no making up for that much ignorance.

Whatev...time that the night shift trolls start crawling out from under the bridges they didn't build is a good time to be elsewhere...

Level 1

Since: May 11

Loysville, PA

#861060 Feb 18, 2013
discordian wrote:
<quoted text>
Stop playing the imbecile, Doorknob, I never said any such thing. How about we remove every subsidy on the books for any business, of any kind? Including the $7500 for the worthless Chevy Volt?
How about for ethanol? Green energy schemes?
Most of us have IC vehicles, not wind powered Obama mobiles like you.
This is what I love about you dumbf*cks.

The oil subsidies should be eliminated because oil companies are making billions in profits.

The subsidy for electric cars is needed to boost that industry which is good for this country.

Level 1

Since: Aug 11

Location hidden

#861067 Feb 18, 2013
RealDave wrote:
<quoted text>
This is what I love about you dumbf*cks.
The oil subsidies should be eliminated because oil companies are making billions in profits.
The subsidy for electric cars is needed to boost that industry which is good for this country.
all subsidies including all Social & Corporate Welfare should be Eliminated to make the economical playing field equal.

Government Spends More on Corporate Welfare Subsidies than Social Welfare Programs

http://thinkbynumbers.org/government-spending...

Level 1

Since: May 11

Loysville, PA

#861068 Feb 18, 2013
discordian wrote:
<quoted text>
It's all here, dummy:
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.
1) The CRA said banks had to work within their community to help those who could not quite meet current standards buy mortgages by lowering the interest rate or down payment. In these cases, home buyers still had to prove they could make these payments.

2) These loans were typically long term standard (fixed interest) mortgages. The vast majority of problem mortgages were short term mortgages like interest free with a balloon payment.

3) In the housing collapse, the percent of failed mortgages that were CRA was no higher than the percentage of all loans that were CRA. If CRA loans were the cause then certainly more of these would have failed.

4) Banks hated the CRA. They were not as profitable. How did they go from hating the CRA to deciding that they loved it?

5) The loams you described are not CRA loans.

Level 1

Since: May 11

Loysville, PA

#861069 Feb 18, 2013
discordian wrote:
<quoted text>
Damn doorknob, you really need an education:
Nice Business Dividends: Top 10 Corporate Tax Breaks - US News ...
www.usnews.com/.../top-10-corporate-tax-break ...
Philip Moeller
by Philip Moeller - More by Philip Moeller
Many corporate tax breaks also generate benefits for individual taxpayers, but this list only includes the amount of the benefit provided to the corporate taxpayer.
Business Tax Credits - Internal Revenue Service
www.irs.gov/Businesses/...Businesses.../Busin ...
Dec 10, 2012 – Business Tax Credits. Your general business credit for the year consists of your carryforward of business credits from prior years plus the total ...
Business Tax Credits | California Franchise Tax Board
https://www.ftb.ca.gov/businesses/bustaxcredi ...
Pay online · Electronic Funds Transfer (EFT) for corporations · Check, money order, or cash · Installment agreement · All payment options. Online Services ...
Tax Incentives Assistance Project: Business Tax Incentives
www.energytaxincentives.org/business/
Business Incentives. Commercial Buildings. Businesses can get deductions for new or renovated buildings that save 50% or more of projected annual energy .
Are you by chance mentally ill? Your ignorance and dishonesty astounds.
We are talking about oil industry subsidies. An industry that is not in need of any subsidies.

List all the crap you want, it is not relevant.

Subsidies can be used to push & shape for the good of the country.

Some subsidies are good. Some need to be eliminated.

Why do you right whiners want to keep handing money to oil companies when they are making billions.

It s really simple question that you obviously can not answer.

Level 1

Since: May 11

Loysville, PA

#861070 Feb 18, 2013
discordian wrote:
<quoted text>
More of your BS, Doorknob, you got nothing but regurgitated Communist Mainifesto BS.
Why'd you ignore Facebook? Because you're dishonest.
Why'd you ignore billions lost to failed green energy? you're a liar.
Try some honesty for once.
Keep running away & changing the subject.

Are you that dumbass Floriduh?

“It's always darkest 'fore dawn”

Level 5

Since: Jul 08

When's dawn?

#861071 Feb 18, 2013
discordian wrote:
<quoted text>
Jack Lew, another of Obimble's crooked buddies.
"Jack Lew, who has been nominated as the next treasury secretary, oversaw up as many as a hundred Cayman Island investments when he worked at Citi Bank as chief operating officer of the alternative investment services unit, SEC disclosures reveal. It has previously been reported that Lew himself had been invested in a fund that was based in the Cayman Islands."
Now, where have we heard about the Cayman islands before? Oh ya, the idiotic lemmings on the left were bashing Romney about it.
Libs are such douchebags
You still avoid the question about you lie regarding Dumbya's retirement activities. You clearly don't understand what hedge funds do. You obviously don't understand how the CRA worked. http://krugman.blogs.nytimes.com/

I'd feel better if I thought you could read the article and even more delirious if I thought you could understand charts and graphs, but, alas, the Limbaughtomization of the Grumpy Old Pricks depends on gormless old perverts like you.

“It's always darkest 'fore dawn”

Level 5

Since: Jul 08

When's dawn?

#861072 Feb 18, 2013
http://krugman.blogs.nytimes.com/ If it doesn't get you to CRA immediately then add "Things Everyone in Chicago Knows" (but anything there with Krugman might improve your understanding.)
Taxpayer

Point Harbor, NC

#861073 Feb 18, 2013
sonicfilter wrote:
<quoted text>
Are Gas Prices The President's Fault? Fox News Contradicts Itself Playing The Blame Game
The message Fox has on again/off again observed is overwhelmingly clear: no president has the power to influence gas prices in light of a complex geopolitical climate and myriad other market forces affecting supply and demand.
http://www.hybridcars.com/fox-news-contradict...
oh, oh, oh, unless it's Obama!
so speaking of brain dead hypocrites....
Yes they are and he does. EPA

“Constitutionalis t”

Level 1

Since: Dec 10

Spring, TX

#861074 Feb 18, 2013
Nuculur option wrote:
Where did the money come from to pay for Bush's Government.
You haven't answered that yet.
If you do, you'd see why we're in such debt.
But then, youre as ignorant about this as you are about geothermal HVAC.
Old Raider made a fool of you, and Im not about to take my foot off your neck about it!!
Where does the heat removed from a building go??
BWAHAHAHAHAHAHA
<quoted text>
"Where did the money come from to pay for Bush's Government."
http://www.usgovernmentspending.com/
The debt was piled up by the Democrats since they took control of all the purse strings of government in January, 2007. Click the link to get the facts, dufus.
Bush isn't president, dufus. Bush hasn't been president for 4 years, dufus. That was damn near 8 trillion dollars ago.

Where will the money come from to pay for Obama's government?

"Where does the heat removed from a building go?"

Where it is transported to. If the Earth doesn't transport it, it just goes right back into the goddam building, dufus. I'm betting you're so ignorant you think you can cool a room by opening the refridgerator door.
Why don't you tell us why that doesn't happen, dufus.

And the rest of your Walter Mitty rant is... more wishful bullshit from you.

Now, where will the money come from to pay for Obama's government?

“wake up”

Level 1

Since: Jan 10

utica ny

#861075 Feb 18, 2013

“Constitutionalis t”

Level 1

Since: Dec 10

Spring, TX

#861076 Feb 18, 2013
RealDave wrote:
<quoted text>
Keep running away & changing the subject.
Are you that dumbass Floriduh?
You keep running away from this like a dog escaping from Michael Vick's house.

Where will the money come from to pay for Obama's government?

You have to identify a source of money to answer the question.

And, the Treasury Department isn't a source of money. It's a repository for money collected from a source of money. Besides, the Treasury Department is almost 17 goddam trillion dollars in debt. There isn't any money there, anyway.

So, where will the money come from to pay for Obama's government?

“Plays well with others.”

Level 8

Since: Jun 07

LIVING WELL*THE BEST REVENGE

#861077 Feb 18, 2013
Howdy Gang! Checking back in...I completed the 26.2 with Donna HALF-MARATHON in 4:29:58....I did it! That is a LOOOOOOOOOOOOOOONG walk! Ran a little bit near the top of the Intercoastal Waterway bridge on JT Butler Boulevard. There were about 100 folks at the top of the span cheering us all along. Ran the last .2 miles across the finish line. The photos will be available soon. The race began with temps in the 20's. Thank GOD the sun was shining!

“Constitutionalis t”

Level 1

Since: Dec 10

Spring, TX

#861078 Feb 18, 2013
RealDave wrote:
<quoted text>
1) The CRA said banks had to work within their community to help those who could not quite meet current standards buy mortgages by lowering the interest rate or down payment. In these cases, home buyers still had to prove they could make these payments.
2) These loans were typically long term standard (fixed interest) mortgages. The vast majority of problem mortgages were short term mortgages like interest free with a balloon payment.
3) In the housing collapse, the percent of failed mortgages that were CRA was no higher than the percentage of all loans that were CRA. If CRA loans were the cause then certainly more of these would have failed.
4) Banks hated the CRA. They were not as profitable. How did they go from hating the CRA to deciding that they loved it?
5) The loams you described are not CRA loans.
You have no possible way of supporting your statement "In the housing collapse, the percent of failed mortgages that were CRA was no higher than the percentage of all loans that were CRA. If CRA loans were the cause then certainly more of these would have failed."
You just pulled that lie out of the air.

The failed CRA loans were bundled into traunches and sold to "Special Purpose Vehicles".
A "Special Purpose Vehicle" is an offshore company created by a holder of these failed CRA loans. The mother company creates the Special Purpose Vehicle in a foreign country, then sells the traunches comprised of the failed CRA loans to the Special Purpose Vehicle, which removed the individual CRA loans from their accounting books. The mother company then bought the traunch back as a single line item in their books.
The short story is, it is impossible to count the failed CRA loans and do a statistical analysis, like you claim was done.

Or, perhaps that is wrong.
Please tell us how you convinced the governments of the countries where these Special Purpose Vehicles were created to force the Special Purpose Vehicles to open their books for your inspection.

Perhaps you need to be reminded of the fact that the Director of OFHEO testified that Fannie Mae and Freddie Mac were keeping fraudulent books and hiding the massive CRA failure even in 2003.

http://online.wsj.com/article/SB1222905743912...

Do you every open your mouth and not lie?

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