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Author Topic: Sheesh
CashCowMoo
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I find it really funny how all you libs that are sheep to Obama cry about Republicans while your party spends money in amounts I dont think you can truly comprehend. Then when questioned about the NOW, everyone wants to blame Bush...the PAST, when I dont think they really know what they are talking about. The things that are going on in DC are disgusting and sickening. There is no question about it. Im not even going to get into specifics.


I wonder though...do people REALLY believe Bush is the reason we are where we are today? Seriously, if you think that which many of you here do( because Keith Olberman told you so) then you just dont understand how the system works.

Stop crying over the past because 1 man didnt cause this, and things werent as bad as people portray. What is worse is that the economic turnaround that is INEVITABLE will happen and then Obama will claim the "stimulus" as the champion of it.


Obamas "stimulus" is a pork laden joke.

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It isn't so much that liberals are ignorant. It's just that they know so many things that aren't so.

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glassman
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and things werent as bad as people portray.

Cash, the DOW went from 14000 to under 7000. i'm not sure what you mean about bad. we are where the DOW was in '98 or 99 now... we have lost a decade

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Don't envy the happiness of those who live in a fool's paradise.

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CashCowMoo
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quote:
Originally posted by glassman:
and things werent as bad as people portray.

Cash, the DOW went from 14000 to under 7000. i'm not sure what you mean about bad. we are where the DOW was in '98 or 99 now... we have lost a decade

The DOW hit 14000 under Bush, if you notice here:

http://www.the-privateer.com/chart/dow-long.html

it begin to tank after 2006, which ironically is when the Democrats retook congress.


What was unemployment under Bush? 4....4.5%?


Im not saying Bush didnt make any mistakes such as cutting taxes while engaging the Iraq war. I still dont get why more people acknowledge liberals push of subprime loans.


Have people forgotten about the Freddie and Fannie monster?

other congressmen tried to overhaul and regulate how Fannie Mae and Freddie Mac were run and their financing.

The Democrats over and over blocked Bush from fixing this.

BTW:


Top 3 receivers of Fannie Mae Funds.

Chris Dodd
Barack Obama
John Kerry

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T e x
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http://www.time.com/time/specials/packages/article/0,28804,1877351_1877350,00.ht ml

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Nashoba Holba Chepulechi
Adventures in microcapitalism...

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The Bigfoot
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Liberals pushed for housing loans to low and moderate income families. Yep.

Problem is more complex then that though.

While Clinton was pushing Fannie to get home loans out to more moderate and low income earners institutions were pushing Frannie ease its credit requirements so they could sell subprime loans at higher than conventional interest rates and shareholders were pushing for Fannie to do it so they could be more profitable.

The big hit was in 2004 when HUD dropped the anti-predatory lending rules they had placed in 2000. They had thought that because of Fannies underwriting standards it wouldn't be a problem. They didn't foresee institutions abandoning the strict underwriting standard of Frannie for private mortgage brokers whose hands had been untied thanks to HUD's drop. Enter the aggressive loan packages.

quote:
We (Fannie) sought to bring the standards we apply to the prime space to the subprime market with our industry partners primarily to expand our services to underserved families.

"Unfortunately, Fannie Mae-quality, safe loans in the subprime market did not become the standard, and the lending market moved away from us. Borrowers were offered a range of loans that layered teaser rates, interest-only, negative amortization and payment options and low-documentation requirements on top of floating-rate loans. In early 2005 we began sounding our concerns about this "layered-risk" lending. For example, Tom Lund, the head of our single-family mortgage business, publicly stated, "One of the things we don't feel good about right now as we look into this marketplace is more homebuyers being put into programs that have more risk. Those products are for more sophisticated buyers. Does it make sense for borrowers to take on risk they may not be aware of? Are we setting them up for failure? As a result, we gave up significant market share to our competitors. "

http://en.wikipedia.org/wiki/Fannie_Mae

Are the Lib's and Fannie/Freddie/HUD to blame for the housing crisis? Partly. Institutions and Private Mortgage Brokers hold more of the blame though.

As for Bush's reform. I am still looking into that. I know that he called for it often and I know the Dem's didn't like it. From what I can gather so far a good part of that was because Bush wanted to take the authority over Fannie from Congress and give it to a board set up under the Treasury department. From my brief reading the fight wasn't so much about the reform rather than who would have control over the institution.

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No longer eligible for government service due to lack of tax issues.

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Peaser
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quote:
Originally posted by glassman:
and things werent as bad as people portray.

Cash, the DOW went from 14000 to under 7000. i'm not sure what you mean about bad. we are where the DOW was in '98 or 99 now... we have lost a decade

We haven't hit bottom just yet, speaking of the number of lost jobs.

Union workers receiving overly comfortable wages, that have not conceeded to cut-backs, are finally starting to feel the pinch as their contracts are running out:

http://news10now.com/cny-news-1013-content/top_stories/496744/layoffs-expected-a t-new-process-gear/?ap=1&MP

Back in the day, Unions were a good idea, until they got greedy.

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Buy Low. Sell High.

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buckstalker
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quote:
Originally posted by Peaser:
quote:
Originally posted by glassman:
and things werent as bad as people portray.

Cash, the DOW went from 14000 to under 7000. i'm not sure what you mean about bad. we are where the DOW was in '98 or 99 now... we have lost a decade

We haven't hit bottom just yet, speaking of the number of lost jobs.

Union workers receiving overly comfortable wages, that have not conceeded to cut-backs, are finally starting to feel the pinch as their contracts are running out:

http://news10now.com/cny-news-1013-content/top_stories/496744/layoffs-expected-a t-new-process-gear/?ap=1&MP

Back in the day, Unions were a good idea, until they got greedy.

What would you consider an "overly comfortable" wage?

also...I would be interested to know what you think a "living wage" would be...

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T e x
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yee eh, here we go.

[Cool]

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Nashoba Holba Chepulechi
Adventures in microcapitalism...

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buckstalker
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Hey Tex...how are things?

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***********************

It's all in the timing...

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Peaser
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20+ per hour for working on an assembly line, such as those at New Process Gear in Dewitt.

I can understand someone that makes 20/Hour after 20+ years of service to a company, but starting out near that wage, for an assembly line job, makes little business sense to me.

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Buy Low. Sell High.

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buckstalker
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quote:
Originally posted by Peaser:
20+ per hour for working on an assembly line, such as those at New Process Gear in Dewitt.

I can understand someone that makes 20/Hour after 20+ years of service to a company, but starting out near that wage, for an assembly line job, makes little business sense to me.

So...are you saying that $20.00 an hour for working on an assembly line is too much?

Have you ever worked on an assembly line?

Also...you surely must have overlooked my second question...

What do you consider a "living wage"?

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***********************

It's all in the timing...

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Peaser
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So...are you saying that $20.00 an hour for working on an assembly line is too much?

When beginning a UAW job in the first 15 or so years? I say YES.

Have you ever worked on an assembly line?

YES. A non-union legal publishing assembly line for about 5 years in my late teens and early twenties. My body will never be the same for that line of work; however, it was my choice to do it.

What do you consider a "living wage"?

I can tell you what I know from my personal experiences.

Many folks are living above their means in our country, If I needed to, my wife, 2 kids and I could live on $30,000 per year, without any assistance from the gov't. We recently had our second child, so I sat down and had to do some figuring with my wife working part-time, or not at all.

I could work less hours, take a pay cut and we could still make it in this horrible economy as my primary job is not affected.

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Buy Low. Sell High.

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raybond
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$20.00 per Hr. for anybody is just a living and not much more. Anybody that works in my opinion deserves a life to live in a good and clean place, eat well,save for the future in America I feel these are birth rights. $20.00 an hour just about gets you there.

And if they are not births rights, that is what I have been fighting for, a good living wage for all most of my life, and to make it so in America.

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Wise men learn more from fools than fools from the wise.

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buckstalker
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quote:
Originally posted by Peaser:
So...are you saying that $20.00 an hour for working on an assembly line is too much?

When beginning a UAW job in the first 15 or so years? I say YES.

Have you ever worked on an assembly line?

YES. A non-union legal publishing assembly line for about 5 years in my late teens and early twenties. My body will never be the same for that line of work; however, it was my choice to do it.

What do you consider a "living wage"?

I can tell you what I know from my personal experiences.

Many folks are living above their means in our country, If I needed to, my wife, 2 kids and I could live on $30,000 per year, without any assistance from the gov't. We recently had our second child, so I sat down and had to do some figuring with my wife working part-time, or not at all.

I could work less hours, take a pay cut and we could still make it in this horrible economy as my primary job is not affected.

How fortunate for you that you had a choice NOT to work on an assembly line...MANY PEOPLE DON"T HAVE THAT CHOICE...

Not all people are as fortunate as you, and many are not able to further themselves from such a MENIAL position in life...(as he bows down to the likes of Peaser the Magnificent)

IMO...Anyone willing to work hard, that is making less than $20.00 per hour in this country, are getting screwed...

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***********************

It's all in the timing...

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Peaser
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IMO...Anyone willing to work hard, that is making less than $20.00 per hour in this country, are getting screwed...

So then, explain to me how we can keep good jobs in America that pay these wages you mention when the government raises taxes on businesses, especially in New York. Businesses are leaving America due to too much overhead.

Have we as Americans come to expect too much? I only ask this as I am trying to put into perspective what our grandparents went through as they aged in America.

I do not expect you to fix this problem as our elected officials have refused to.

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Buy Low. Sell High.

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buckstalker
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quote:
Originally posted by Peaser:
IMO...Anyone willing to work hard, that is making less than $20.00 per hour in this country, are getting screwed...

So then, explain to me how we can keep good jobs in America that pay these wages you mention when the government raises taxes on businesses, especially in New York. Businesses are leaving America due to too much overhead.

Have we as Americans come to expect too much? I only ask this as I am trying to put into perspective what our grandparents went through as they aged in America.

I do not expect you to fix this problem as our elected officials can not.

I expect government to represent US...raising taxes on businesses is NOT the answer...nor is cutting workers wages...TARIFF IMPORTS...DEMAND FAIR TRADE...OUTLAW LOBBYISTS...those are the answers...

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***********************

It's all in the timing...

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Peaser
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OUTLAW LOBBYISTS

That is where we should start IMO.

But why would our government do this as they are being nicely compensated for having not so popular friends?

Yet we still re-elect these people to office.

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Buy Low. Sell High.

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buckstalker
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There is only one answer to that...they won't

Therefore there is only one solution...REVOLUTION

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***********************

It's all in the timing...

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Peaser
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I find it really funny how all you libs that are sheep to Obama cry about Republicans while your party spends money in amounts I dont think you can truly comprehend.

To me that statement sounds like both parties aren't worth anyone's time and effort. Too many sheep in America are ignorant to politics. Many think, we'll just vote Dem or Repub because that's what many of our folks told us to do when we were young.

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Buy Low. Sell High.

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T e x
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quote:
Originally posted by buckstalker:
Hey Tex...how are things?

OK, rockin' along. Gots lots to do, though, and the weather ain't cooperating. Global weirding [Big Grin]

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Nashoba Holba Chepulechi
Adventures in microcapitalism...

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