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Obama ecconomics

Discussion in 'Politics and Current Affairs' started by Crude, Feb 10, 2011.

  1. byteware

    byteware Android Expert

    Property bubbles created primarily by government forced sub prime lending. Banks, as a rule are risk averse. Hence they had insurance on all of these securities that were being passed around. However, when all the sub primes started falling to pieces it was more than AIG could handle either.

    Banks weren't making sub prime loans for a reason.
     



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  2. Dark Jedi

    Dark Jedi Guest

    This is true the government told financial institutions to give mortgages to people that couldn't afford one in the first place.

    Also I was just wondering who regulated the government who regulates me that's all. I wasn't talking about free market.
     
  3. ElasticNinja

    ElasticNinja Android Expert

    yet there are property bubbles in UK, Japan, China etc
    not excluding governments from blame BTW
     
  4. byteware

    byteware Android Expert

    I don't know enough about why those bubbles occurred.
     
  5. hakr100

    hakr100 Android Expert


    McCain's military experience as a POW? Yeah, that's relevant, I suppose, if you want to run a POW prison.

    Oh, wait...we pooched that, too.
     
  6. hakr100

    hakr100 Android Expert


    The "free marketeers" have raped this country and left it out in the cold. This country is collapsing. The virtually unregulated free market will be our death knell.
     
  7. jwp1223

    jwp1223 Android Enthusiast


    What is Obama's experience? Oh wait a community organizer, you want to tell me what the hell that is?
     
  8. nlsme

    nlsme Android Expert

    You do.
     
  9. nlsme

    nlsme Android Expert

    Government had NOTHING to do with sub primes, sorry. My neighbor, $300,000 dollar house was pressured by THE BANK to take a sp over conventional.
     
  10. nlsme

    nlsme Android Expert

    The lounge is a left/right fighthouse I see. It mirrors the voices heard by the media. Saddest part is, most Americans fall smack dab in the middle.
     
  11. nlsme

    nlsme Android Expert

    I like how you ommit the fact he was a member of the senate.
     
  12. nlsme

    nlsme Android Expert

    you dont know enough about why our bubble happened.
     
  13. nlsme

    nlsme Android Expert

    Tell that to the 10000000 people out of work in the past few years.
     
  14. Dark Jedi

    Dark Jedi Guest

    Yeah he barely held his seat for what 2 years? That lil time is almost like he never was a Senator.
     
  15. nlsme

    nlsme Android Expert

    Means a lot more then mccains " military" experiance. And he WAS a senater.
     
  16. nlsme

    nlsme Android Expert

    I can say, with Palin, it is ALMOST like Mccain wouldn't have had a VP.
     
  17. hakr100

    hakr100 Android Expert


    The point is that McCain's military experience nearly 40 years ago is not relevant to what is happening in Iraq and Afghanistan. Further, most of McCain's military experience, sadly, was spent as a POW.

    Lately, it seems, McCain has been drifting into senility, and his backstop would have been that narcissist nincompoop, Soap Opera Sarah.
     
  18. EarlyMon

    EarlyMon The PearlyMon
    VIP Member

    Sorry, politics aside, I can't sit idly by while McCain's military experiences are marginalized.

    Any member of the armed forces that spends one day in harm's way knows infinitely more about war than those who never have.

    Anyone who survived the Hanoi Hilton knows more about the horror of military atrocities than we can hope to know.

    Those things never lose relevancy.

    It's been said that no one values peace as much as someone who'd been in combat. Outside of the truly conscientious, such as Gandhi - I'd tend to agree.
     
  19. byteware

    byteware Android Expert

    How about his ten years of military service PRIOR to that...

    Well, I would post a retort... but I think this shoots your credibility pretty much all by itself.

    Well, this is another area where you are misinformed. Subprimes were virtually non-existent until Clinton made them a requirement for Banks to be in compliance with regulations.

    Yes... he was in the senate for an entire year before he stopped showing up for work in order to run for President.
     
  20. byteware

    byteware Android Expert

    Care to educate me... with actual facts?

    Didn't Obama promise that all of his government intervention would fix that two years ago?

    Wow... just wow... I understand partisanship, but reading this is actually depressing. Our civilian population is so ignorant of our military anymore, what they go through, what they learn, and what they put on the line.

    Makes me wish for mandatory service for both men and women after high school. Two years of mandatory service, and I think this country would turn around. We might never see another war... EVER.

    Again... it seems our civilian population is absolutely ignorant of our military anymore.

    And, just for facts... 10 years of military service... is a lot more than 5 years as a POW.

    And really, who better to deal with Gitmo, than someone who had been through the kind of torture that he had to endure.

    Thank you.
     
  21. nlsme

    nlsme Android Expert

    Sorry, the government had nothing to do with the banks pushing them on people for a 300 grand house.The banks LOVED them. Why? Because they knew they could get your. Over their competiters that wouldnt offer them. They gave loans to ANYBODY and EVERYBODY. THEY didnt care if the property was worthe what they loaned you when you bought. They did not care year after year when they would refinance for another 20%. But, you go ahead and keep blaming the government.
     
  22. nlsme

    nlsme Android Expert

    As for mcain, just because he might want peace more, doesn't mean he would have any more insite as to how to acheive it. Same with gitmo.
     
  23. Dark Jedi

    Dark Jedi Guest

    You know it was president Clinton that told the banks to give those loans. You really think the banks wanted to give john doe a mortgage k owing full well if the mortgage rates spike people couldn't afford the interest. Then the banks are stuck with properties they don't want. An empty house repossessed makes no money for the bank.

    I.stead of blaming the banks. How about blame the homeowners who bought something they couldn't afford. Most of the reason the housing market is so bad from people living beyond their means.

    You know don't thumb your nose to anyone's military service. Lets see you live as a pow during g Vietnam for 5 years. Show some respect.
     
  24. nlsme

    nlsme Android Expert

    Ohh, and I served my country. So go ahead and call me ignorant.
    And to say "obama promised to fix that" is a cruddy retort to my statement to you. It has nothing to do with the millions of jobs lost in your "doing better" free market where millions of jobs were lost. Let alone, the trillions lost in real money. Out of pockets of Americans, trillions. Thats 12 zeros. Thats a really BIG number.
     
  25. nlsme

    nlsme Android Expert

    I served my country, I know he laid it all on the line. I'm not bellitling his service. It just has nothing to do with running a country. I'll even say Mccain even had more RELEVANT experiance than Obama. But, not because of his military career. If he had picked somone else as a running mate, I might have voted for him. Not because of his military experiance though. Just because you are far right, doesn't mean everyone who disagrees with you is far left.
     
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