Obama now & before the election

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   Harvey Stelmanposted 13 years ago

   While on the campaign trail a video shows Obama saying the following.
   
   1- George Bush has run our debt to over $4 trillion, I will reduce it. I don't think that happened.
   2- My budget will straighten everything out.  What budget!

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2. 61

   knolyourselfposted 13 years ago

   Obama may be the greatest liar of all time.

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   1. 60

      Harvey Stelmanposted 13 years agoin reply to this

      knol, He is perfect at something, you got it. H

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3. 60

   Moderndayslaveposted 13 years ago

   Lining up re-election funds at our expense,
   http://www.readersupportednews.org/off- … ty-bankers

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      Repairguy47posted 13 years agoin reply to this

      Those who received sub-prime mortgages were not victims of greedy bankers they were victims of their own greed. No job no problem, do you think those applying for loans were shocked to find out they had no income? Nobody held a gun to their heads and made them sign contracts they knew they could never honor. Yes the greedy bankers are at fault but so are the greedy buyers.

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         Moderndayslaveposted 13 years agoin reply to this

         Apparently you didn't read it. If those banks were not, so fast to rubber stamp normally un approvable loans this would not of happened. People were actually being solicited to refinance or buy larger. They tried it with me ,so stop it.

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         1. 59

            Repairguy47posted 13 years agoin reply to this

            I know what they did, I know they were greedy. But so were the ones trying to get things they knew they couldn't afford. I am astounded that there are people who cannot understand that.

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      Harvey Stelmanposted 13 years agoin reply to this

      Modern, It's always centralize.  One Nation Under Obama. H

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4. 61

   knolyourselfposted 13 years ago

   I can't afford to buy a house now or ever. Someone says I can . Woweee. So that makes me greedy, to want to own a house. What does that make the billionaires then?

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      Repairguy47posted 13 years agoin reply to this

      Absolutely that makes you greedy, you know you can't afford it so why put yourself in a position that will screw you later? One word, greed.

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   2. 60

      Harvey Stelmanposted 13 years agoin reply to this

      knol, Don't think of others. Some will always have more, some will always have less. It has to do with any person being able to achieve on their own, but the laws must allow equal opportunity for all.
      
      Giving a very low mortage rate with no downpayment, leads to foreclosure in a bad economy. H

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5. 61

   knolyourselfposted 13 years ago

   Because I am stupid. I didn't know I couldn't afford it because I was told I could.

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      Repairguy47posted 13 years agoin reply to this

      Ok two words stupid and greed. Happy? I don't know anyone who has a job or in a lot of cases no job who were so stupid they didn't know they couldn't afford the payments. Its not like it came as a surprise the day you closed.

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         Harvey Stelmanposted 13 years agoin reply to this

         Repair, I only know one person that was foreclosed, she was ignorant! That is besides having three masters degrees and one doctorate. Education doesn't always matter. H

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      Harvey Stelmanposted 13 years agoin reply to this

      knol, If stupid, you will want more than you can afford. H

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6. 61

   knolyourselfposted 13 years ago

   I met lots of people that were promised a good plaster job, but the plasters used fiber-glass tape, and gee - a lot of it cracked up. They should have seen that coming. They were told they were going to get a good job.

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      Repairguy47posted 13 years agoin reply to this

      Are you seriously trying to equate the two? When you sign the papers to buy a house you know exactly what the terms are. When you sign a contract with a contractor you SHOULD know exactly what materials they will use. If you sign a mortgage agreement knowing the house payment is X then you should be able to pay X. If you can't then you are no less greedy than the plasterer using fiberglass tape. As an aside I will attest to the fact that self adhering fiberglass tape is crap, use paper tape or suffer the consequence.

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         Moderndayslaveposted 13 years agoin reply to this

         Where is they person that approves or denies the loan according to the proof of ability to repay this loan during all of this? Being that these loans were chopped up and sold as AAA securities,the loan issuer was the gatekeeper. They not only made an irresponsible loan to someone that 30 seconds of math would prove,they knowingly defrauded the investor of those mortgage backed securities. These were sold world wide,they don't like to bring that up,that's why the whole world is FUBAR right now.We won't get into those "Unsustainable" pensions right now.De- regulation let the financial sector rob us blind,wake up and deal with it.

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            Repairguy47posted 13 years agoin reply to this

            I can't even begin to understand what you have missed throughout this debate. The people who made the loans are guilty, those who accepted loans they knew they could never pay back are guilty. What exactly are you missing?

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         Harvey Stelmanposted 13 years agoin reply to this

         It was useless to answer that. H

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7. 61

   knolyourselfposted 13 years ago

   "When you sign a contract with a contractor you SHOULD know exactly what materials they will use."
   How many people know anything about the materials?
   Lot of shoulda/woulda. There are no con-artists. There are only stupid people.

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      Repairguy47posted 13 years agoin reply to this

      How many people? Responsible people educate themselves about what they are paying for. People unlike those who entered into agreements that they could not honor. You continue thinking they were victims if it makes you feel better.

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