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Author Topic: Here is the problem with liberals.....
NR
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LMAO Relentless...

Glass,

According to Wiki, ARM's were a result of the Garn–St. Germain Depository Institutions Act that became law in 1982. (Ironically it is this same Act that was blamed for the Savings and Loan crisis in the late 80's). Greenspan didn't become Fed Chairman until 1987.

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Lockman
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quote:
Originally posted by raybond:
Why are all closet homosexuals in the Republican Party? Or YABAN.
May 5, 2009, 6:00PM


In his definitive lefty blog, Quinn the Esqimo Rocks: HOW TO BLOG GOOOOOD, dickday invites us to blog about nothing and even hands out titles for the nothing to be about. So here is Yet Another Blog About Nothing that asks the question we all care about: Why are all closet homosexuals in the Republican Party?

I'm so glad you asked. You see, the Republican practice of closet homosexuality goes back to the 1950's when an inventory of closets revealed the likes of J. Edgar Hoover, Whittaker Chambers and Roy Cohn, for starters. Many others have joined their Republican anti-communist comrades in the closets since that time and what with the Republican respect for tradition and so forth, closets have been reserved for Republican homosexuals ever since.

But think about it. Where else would you expect Republicans to keep their homosexuality? Should they keep it in the dining room breakfront right next to their wedding china? The answer is no, because obviously there is no room for homosexuality in there amongst the 16 gravy boats that nobody ever uses. And it is a well known fact among interior decorators that china and homosexuality don't match and should never be placed side by side.

By now you are probably wondering about the garage. It is true that the garage has certain advantages over a closet. For one thing, it is usually large enough so they can practice their tap-dancing moves, which are catchy little toe taps that some homosexuals use when they take their homosexuality out of the closet for exercise. Unfortunately, tap dancing requires so much concentration that the homosexual is in danger of getting run over by a car entering the garage, especially if the car is driven by the homosexual's spouse when the 11 PM news happens to catch their homosexual husband exercising his hang-ups.

The living room is out because that's where Republicans keep their family and moral values. They like to drape them all over the couches and chairs in the living room so they can better protect them from lefty intruders with their 2nd Amendment guns. Of course, because homosexuals tend to practice their homosexuality more than their target practicing, they usually end up shooting the neighbor's dog or their own foot first. It should also be noted that there is no recorded, or unrecorded, case of lefty assaults on family and moral values except in the unconscious minds and blogs of Republicans.

So why are the closeted homosexuals only in the Republican party? Sociologists and certain members of the lefty blogging community have puzzled over this conundrum ever since the birth of Zeusandra the Queer in 9000 B.C. The only thing I can figure is that Democrats don't have hang-ups in the closet. They just throw their stuff all over the bedroom or where ever and leave it out in the open for all to see and someone else to pick up. But you are free to form your own opinion on that subject.

hummmm....Interesting that you would introduce an article like this, I take it you are trying to make some sort of disparaging comment about Republicans. Because we all know how much you dispise Republicans, are we to assume that you also feel this way about the Gay communtity?

I'm a bit surprised that you a full blown Liberal would come out of the closet as a gay basher. hummmmm

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glassman
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quote:
Originally posted by NR:
LMAO Relentless...

Glass,

According to Wiki, ARM's were a result of the Garn–St. Germain Depository Institutions Act that became law in 1982. (Ironically it is this same Act that was blamed for the Savings and Loan crisis in the late 80's). Greenspan didn't become Fed Chairman until 1987.

thanx for checking, i usually do but but i've been very busy lately.

that makes sense cuz in 84 when i breifly did the RE agetn thingy, i got the impression from the mortgage reps that came by and gave us presentations every week that they were a new idea. It was suggested that we sell them to people who were buying more house than they could afford. They said to use it if your customer "knew" they were on the way up. I was working/training for a very prestigious non-national broker and we pretty much discarded the idea of using them with family purchases. Investors could use them, but in 84 the Fed Rate was in the teens and if i reacll correclty an ARM was around 5-6-7 over three years...

we paid 15% on our first mortgage in the mid eighties and were thrilled to get under ten on our third home. We refied to 7.5 on that one in '94.

there are times i wish i had gone on the draw, the owners daughter was really pretty AND nice.... but owing people money always bothers me...

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NR
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Yeah, I think rates reached 20% in 82 because of Volcker's fight against inflation. Back then, an ARM made sense. With rates that high, and inflation finally in check, rates really only had one direction to go. Down.

Why Greenspan would suggest in 2004, (when rates were close to 2%), homeowners with fixed rates move to ARMS to save "several thousand dollars", is beyond me.

In regards to the owner's daughter?
http://www.youtube.com/watch?v=KscChA1DxAk

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glassman
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well, the really bad thing about the high rates of interest was that it made people leave stocks and go to bonds. i mean it was a no brainer:

if you invest $100 with compounding interest at a rate of 9% per annum, the rule of 72 gives 72/9 = 8 years required for the investment to be worth $200; an exact calculation gives 8.0432 years...

at 18%? you are doubling every four years..... why buy stock?

this meant stock prices were lower than they should be and the private equity firms like the one Romney ran were able to buy them with leverage and dismantle them at a profit, which is how we ended up with the SERVICE economy we have today, instead of an industrial powerhouse..... it was more profitable to dismantle than to invest in upgrades. [BadOne]

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NR
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Sold out because of a foolish desire for a worthless promise written on a worthless piece of paper. Liberals and Conservatives alike better get used to the idea of "servicing" our debtors. Issues of gay rights and public funded healthcare are the least of our problems IMO.

"The Capitalists will sell us the rope with which we will hang them." - Vladimir Lenin

Ayn Rand, eat your heart out.

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glassman
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true enough, but we have been in much worse shape and come thru it.

facing facts, taxes are going up one way or another.

we can put it off for along time and then it will really suck, or we can get it done before the real pain hits..

when Reagan lowered tax rates from 70 or so % to 35-45% it was a good thing, but now? we need a few years of slightly higher rates somehow to keep from having those 75-90% tax rates coming back for our kids...

who is going to run for office on that platform tho [Eek!]

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NR
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Yeah good point. Hard work, sacrifice and ingenuity have gotten America out of quite a few pickles in the past. The problem is that I don't see these same qualities in many young Americans these days.

"Money for nothing and chicks for free." or was it "I want it all, I want it all, I want it all, and I want it now"?

You are right, we either have to cut spending, (bwahahahahah), or raise taxes, (probably both). The problem with raising taxes is that the younger generations, (who hardly played a part in getting us into the mess we are in today), are being asked to make a sacrifice because of the mistakes of older generations, (today's youth hardly take responsibility for their own mistakes), and they are going to refuse. The fact that no politician, Liberal or Conservative, would ever run on the platform of raising taxes is proof of this. Americans are unwilling to cut spending, and unwilling to pay more taxes, and that is what truly worries me.

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