I want to vote for Obama.... BUT......... - Page 2 - GoFuckYourself.com

sweetcuties · 10-06-2008, 03:52 PM

Quote:

Originally Posted by sweetredhead

heard a new stat the other night, out of the 941 (roughly) times Obama has actually voting in the Senate each time was for an approx. $1million in additional spending. In the last 7,000+ times McCain has voted in the Senate he has voted for $0 in additional spending that is
$941 million in useless spending for Obama and
$0 in additional spending for McCain soooo i think

OBAMA SUCKS!!!

Glad I don't push your program

Lane · 10-06-2008, 04:34 PM

FED lowered interest rates down to 1% (June 25, 2003)
link: http://www.federalreserve.gov/fomc/fundsrate.htm

FED chairman told people to get into adjustable rate mortgages (Feb 23, 2004)
link: http://www.usatoday.com/money/econom...pan-debt_x.htm

FED increased the interest rates by 4.25% over the next 3 years. (June 29, 2006)
link (same as above): http://www.federalreserve.gov/fomc/fundsrate.htm

3 year ARMs adjust, peoples mortgage payments go thru the roof, and market is flooded with foreclosure homes, which not only bursts the bubble but also accelerates the whole downward spiral that follows.

Seriously, is there anything else that had a bigger influence on creating this mess than the market manipulation done by the FED?

Drake · 10-06-2008, 04:40 PM

Quote:

Originally Posted by Mr. Cool Ice

Obama has picked up a TON of money from shady companies.

Check out Ron Pauls site, there is a list for both Obama and McCain.

Do you have a link? I tried finding it on his site.

escorpio · 10-06-2008, 05:19 PM

Quote:

Originally Posted by sweetcuties

Glad I don't push your program

You can still put him on your ignore list. That'll teach him to disagree with your politics!

directfiesta · 10-06-2008, 05:30 PM

Quote:

Originally Posted by DaddyHalbucks

When American voters actually get into the voting booths, many will get last minute jitters about voting for Obama --and that will be very good for our country!

That is what they should have done in the case of your HERO ( a Zero to me ..) : G.W.Bush

directfiesta · 10-06-2008, 05:47 PM

Quote:

Originally Posted by sweetcuties

Glad I don't push your program

If the program performs. personal opinions should not be in the way ...

You take his money, and call him whatever you want to call him ... a double whammy....

Doctor Dre · 10-06-2008, 06:15 PM

Read this, do you really wanna vote for this man ?

http://www.rollingstone.com/news/sto...maverick/print

sweetcuties · 10-06-2008, 07:50 PM

Quote:

Originally Posted by escorpio

You can still put him on your ignore list. That'll teach him to disagree with your politics!

lmao, you're one of the biggest bigots on the board... Go Fuck Yourself Bitch

Obama 08

brassmonkey · 10-06-2008, 08:05 PM

Quote:

Originally Posted by cherrylula

...and they have to be skilled enough to replace this guy,

them is some big shoes to fill, brownie.

too bad he doesnt blow his own brains out

Matt 26z · 10-06-2008, 09:15 PM

Quote:

Originally Posted by Lane

FED lowered interest rates down to 1% (June 25, 2003)
link: http://www.federalreserve.gov/fomc/fundsrate.htm

FED chairman told people to get into adjustable rate mortgages (Feb 23, 2004)
link: http://www.usatoday.com/money/econom...pan-debt_x.htm

FED increased the interest rates by 4.25% over the next 3 years. (June 29, 2006)
link (same as above): http://www.federalreserve.gov/fomc/fundsrate.htm

3 year ARMs adjust, peoples mortgage payments go thru the roof, and market is flooded with foreclosure homes, which not only bursts the bubble but also accelerates the whole downward spiral that follows.

Seriously, is there anything else that had a bigger influence on creating this mess than the market manipulation done by the FED?

Exactly.

Idiots like to blame this problem on corporate greed, but it was actually our government who wanted to get more Americans into homes.

Now someone has to go down, and it damn well sure won't be anyone with the Fed.

And to anyone who thinks the government should have stepped in years ago and put an end to lax sub prime loans, that had ZERO chance of happening since voters would have been outraged. It was better politically for congress to wait until shit hit the fan on it's own so that they could finger the CEO's of these now failed companies.

As was the case with 9-11, the war in Iraq and now the loan mess, NOBODY connected to the government will be punished for this.

Drake · 10-07-2008, 04:04 AM

Here's what factcheck proposes was the cause of the financial mess:
http://www.factcheck.org/elections-2...ic_crisis.html

So who is to blame? There's plenty of blame to go around, and it doesn't fasten only on one party or even mainly on what Washington did or didn't do. As The Economist magazine noted recently, the problem is one of "layered irresponsibility ... with hard-working homeowners and billionaire villains each playing a role." Here's a partial list of those alleged to be at fault:

The Federal Reserve, which slashed interest rates after the dot-com bubble burst, making credit cheap.

Home buyers, who took advantage of easy credit to bid up the prices of homes excessively.

Congress, which continues to support a mortgage tax deduction that gives consumers a tax incentive to buy more expensive houses.

Real estate agents, most of whom work for the sellers rather than the buyers and who earned higher commissions from selling more expensive homes.

The Clinton administration, which pushed for less stringent credit and downpayment requirements for working- and middle-class families.

Mortgage brokers, who offered less-credit-worthy home buyers subprime, adjustable rate loans with low initial payments, but exploding interest rates.

Former Federal Reserve chairman Alan Greenspan, who in 2004, near the peak of the housing bubble, encouraged Americans to take out adjustable rate mortgages.

Wall Street firms, who paid too little attention to the quality of the risky loans that they bundled into Mortgage Backed Securities (MBS), and issued bonds using those securities as collateral.

The Bush administration, which failed to provide needed government oversight of the increasingly dicey mortgage-backed securities market.

An obscure accounting rule called mark-to-market, which can have the paradoxical result of making assets be worth less on paper than they are in reality during times of panic.

Collective delusion, or a belief on the part of all parties that home prices would keep rising forever, no matter how high or how fast they had already gone up.

The U.S. economy is enormously complicated. Screwing it up takes a great deal of cooperation. Claiming that a single piece of legislation was responsible for (or could have averted) the crisis is just political grandstanding. We have no advice to offer on how best to solve the financial crisis. But these sorts of partisan caricatures can only make the task more difficult.

Kudles · 10-07-2008, 10:44 AM

You suck!!

Drake · 10-08-2008, 12:45 AM

http://politicalticker.blogs.cnn.com...ie-and-fannie/

McCain actually got more from Freddy and Fanny:

Quote:

The Statement: At a presidential debate Tuesday, October 7 in Nashville, Tennessee, Republican presidential candidate Sen. John McCain said Democratic opponent Sen. Barack Obama and other Democrats resisted regulating mortgage giants Fannie Mae and Freddie Mac, which ultimately collapsed and had to be taken over by the government. "Meanwhile, they were getting all kinds of money in campaign contributions. Sen. Obama was the second-highest recipient of Fannie Mae and Freddie Mac money in history ? in history," he said.

The New York Times has published a separate list looking at contributions from "directors, officers, and lobbyists for Fannie Mae and Freddie Mac" for the 2008 campaign cycle. That list ? using figures from the Federal Election Commission ? shows McCain receiving $169,000, while Obama received only $16,000.

VERDICT: Misleading. No donations actually came from the companies. One method of measuring employee contributions does put Obama second overall, but another, for the current election cycle, shows McCain receiving significantly more.

10-06-2008, 04:34 PM	#52
Lane Will code for food... Join Date: Apr 2001 Location: Buckeye, AZ Posts: 8,496	FED lowered interest rates down to 1% (June 25, 2003) link: http://www.federalreserve.gov/fomc/fundsrate.htm FED chairman told people to get into adjustable rate mortgages (Feb 23, 2004) link: http://www.usatoday.com/money/econom...pan-debt_x.htm FED increased the interest rates by 4.25% over the next 3 years. (June 29, 2006) link (same as above): http://www.federalreserve.gov/fomc/fundsrate.htm 3 year ARMs adjust, peoples mortgage payments go thru the roof, and market is flooded with foreclosure homes, which not only bursts the bubble but also accelerates the whole downward spiral that follows. Seriously, is there anything else that had a bigger influence on creating this mess than the market manipulation done by the FED? __________________

10-07-2008, 10:44 AM	#62
Kudles Confirmed User Join Date: Feb 2003 Location: Here There and Everywhere Posts: 5,477	You suck!! __________________ Free to Play MMOs and MMORPGs

10-07-2008, 04:04 AM	#61
Drake Hello world! Industry Role: Join Date: Mar 2003 Posts: 12,508	Here's what factcheck proposes was the cause of the financial mess: http://www.factcheck.org/elections-2...ic_crisis.html So who is to blame? There's plenty of blame to go around, and it doesn't fasten only on one party or even mainly on what Washington did or didn't do. As The Economist magazine noted recently, the problem is one of "layered irresponsibility ... with hard-working homeowners and billionaire villains each playing a role." Here's a partial list of those alleged to be at fault: The Federal Reserve, which slashed interest rates after the dot-com bubble burst, making credit cheap. Home buyers, who took advantage of easy credit to bid up the prices of homes excessively. Congress, which continues to support a mortgage tax deduction that gives consumers a tax incentive to buy more expensive houses. Real estate agents, most of whom work for the sellers rather than the buyers and who earned higher commissions from selling more expensive homes. The Clinton administration, which pushed for less stringent credit and downpayment requirements for working- and middle-class families. Mortgage brokers, who offered less-credit-worthy home buyers subprime, adjustable rate loans with low initial payments, but exploding interest rates. Former Federal Reserve chairman Alan Greenspan, who in 2004, near the peak of the housing bubble, encouraged Americans to take out adjustable rate mortgages. Wall Street firms, who paid too little attention to the quality of the risky loans that they bundled into Mortgage Backed Securities (MBS), and issued bonds using those securities as collateral. The Bush administration, which failed to provide needed government oversight of the increasingly dicey mortgage-backed securities market. An obscure accounting rule called mark-to-market, which can have the paradoxical result of making assets be worth less on paper than they are in reality during times of panic. Collective delusion, or a belief on the part of all parties that home prices would keep rising forever, no matter how high or how fast they had already gone up. The U.S. economy is enormously complicated. Screwing it up takes a great deal of cooperation. Claiming that a single piece of legislation was responsible for (or could have averted) the crisis is just political grandstanding. We have no advice to offer on how best to solve the financial crisis. But these sorts of partisan caricatures can only make the task more difficult.