Obama is really starting to piss me off!
As much as it bothers me to say it, after his blatant disrespect of Ron Paul, John McCain is starting to look like a good option right now whenever I hear the candidates talk about the housing market.
Obama was on CNN Today giving a speech about how he wants the government to bail out home owners (Debtors) who were (Greedy) taken advantage of during the housing bubble.He was bashing McCain for wanting to "just ignore it and stay out of it". The truth is that McCain's intention is to just let capitalism run its course and allow the market to correct itself via house prices crashing back to affordability.
Obama thinks its the governments role to reward the irresponsible and artificially prop up house prices with bailouts at the expense of tax payer money. He is making a huge mistake of course because the vast majority of Americans are totally opposed to a bailout.
- Americans who already lost a home to foreclosure don't want to see other people get a bailout out just weeks or months after they lost their own house and did not get the same chance.
- Renters want to see house prices crash so they can afford a house of their own without having to resort to financially suicidal exotic loans, and paying 50% of their income on house payments.
- responsible homeowners/Debtors who put 20% down, got a fixed rate loan and have some skin in the game don't want to see gamblers who put 0% down with sub prime arms get rewarded with frozen interest rates, and bailouts that benefit the gamblers more than themselves.
Basically the only people who want to see a bailout are the communist and the gamblers. Why the media and the Democratic party is pandering to such a slim, shameful minority is sickening.
Obama... The poll numbers are out, and posted below... If you want to win this election you better distance yourself from Hillary and the failed flippers and change your stance on a housing bailout ASAP!
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Rasmussen Reports has conducted several polls that center on the mortgage crisis. Between March 19 and March 20, they surveyed 1,000 adults to see how many Americans think homeowners and banks should be helped out by the federal government. Here's what they found:
Should Homeowners Who Borrowed More Than They Could Afford Be Helped Out By the Federal Government?
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Of the 1,000 adults who responded to this question in Rasmussen's telephone survey, the majority said that the federal government should not help out homeowners who borrowed more than they could afford. Twenty-nine percent disagreed, saying the government should offer assistance, and 17 percent didn't know how to respond to the question.
Should Banks That Made Bad Loans Be Helped Out By the Federal Government?
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Survey respondents were not as sympathetic to banks. Sixty-one percent those who answered the question thought banks should not be helped out by the federal government. Fifteen percent of people felt government action was appropriate and 23 percent were undecided.
The people have spoken!
2 comments:
Judicial Watch Announces List of Washington’s “Ten Most Wanted Corrupt Politicians” for 2007
http://www.judicialwatch.org/judicial-watch-announces-list-washington-s-ten-most-wanted-corrupt-politicians-2007
1. Senator Hillary Rodham Clinton (D-NY): In addition to her long and sordid ethics record, Senator Hillary Clinton took a lot of heat in 2007 – and rightly so – for blocking the release her official White House records. Many suspect these records contain a treasure trove of information related to her role in a number of serious Clinton-era scandals. Moreover, in March 2007, Judicial Watch filed an ethics complaint against Senator Clinton for filing false financial disclosure forms with the U.S. Senate (again). And Hillary’s top campaign contributor, Norman Hsu, was exposed as a felon and a fugitive from justice in 2007. Hsu pleaded guilt to one count of grand theft for defrauding investors as part of a multi-million dollar Ponzi scheme.
8. Senator Barack Obama (D-IL): A “Dishonorable Mention” last year, Senator Obama moves onto the “ten most wanted” list in 2007. In 2006, it was discovered that Obama was involved in a suspicious real estate deal with an indicted political fundraiser, Antoin “Tony” Rezko. In 2007, more reports surfaced of deeper and suspicious business and political connections It was reported that just two months after he joined the Senate, Obama purchased $50,000 worth of stock in speculative companies whose major investors were his biggest campaign contributors. One of the companies was a biotech concern that benefited from legislation Obama pushed just two weeks after the senator purchased $5,000 of the company’s shares. Obama was also nabbed conducting campaign business in his Senate office, a violation of federal law.
2. Rep. John Conyers (D-MI): Conyers reportedly repeatedly violated the law and House ethics rules, forcing his staff to serve as his personal servants, babysitters, valets and campaign workers while on the government payroll. While the House Ethics Committee investigated these allegations in 2006, and substantiated a number of the accusations against Conyers, the committee blamed the staff and required additional administrative record-keeping and employee training. Judicial Watch obtained documentation in 2007 from a former Conyers staffer that sheds new light on the activities and conduct on the part of the Michigan congressman, which appear to be at a minimum inappropriate and likely unlawful. Judicial Watch called on the Attorney General in 2007 to investigate the matter.
does that answer your question!
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