#554915 - 03/23/1102:47 PMRe: So how's Obama working out for you dems?
[Re: John Rougeux]
steveg
Making a new reply.
Registered: 04/19/02
Posts: 25066
Loc: D'OHio
Nothing has changed? Tally up the legislation passed thus far under the Obama admin. More than under any president in decades. Sure, there are things as of yet not done — much of which can be attributed to idealism and campaign promises running headlong into reality.
I've had my beefs with Obama, too. But considering what Bush left under the desk in the Oval Office, I'd say he's done pretty well.
I'm sure he'll run for re-election, and if the party runs on it's accomplishments from 2008 to 2010, he'll likely win. Especially if voters compare Republican/Tea Party pre and post mid-term election behavior and politics.
Oh, how things were going to change, yes we can, and all that.
Didn't you hear? Obamas 2012 campaign slogan will be....
No, we didn't!!
I don't think it was so much Obama being a Saviour , per se.. It was more like a funky green man from mars would have got the same reception... so would a primate.... or a science lab paramecium with an Intel chip brain.. Whatever.
Oh..but no, why do that when you could move into a $200,000 house with only $1500 (or less!) down!
so who changed the rules? The Banks don't have to do squat - they can loan to whoever they like. Many brokers got greedy for the fees and wrote sloppy loans- that banks got greedy and accepted them. No one held a gun to their heads either. the Banks are supposed to be the frugal, smart ones... true many people bought more than they could afford- but WHO approved them? . . . and in many cases cheered them on ? Human nature doesn't change - so why did this happen in the last 10 years ? Banking / mortgage company greed. All the reason NOT to bail them out directly... but the way they did they got the $$ AND the house ! . . .thanks to GW dumbazz.
My point about this thread was how when Obama got elected, it was like the next savior came waltzing in. Oh, how things were going to change, yes we can, and all that.
But what has changed? Nothing. 2 years later, the republicans got voted in. Nothings changed still.
I have no voting right, i'm not democratic nor republican. I'm not happy about Obama's performance, and i'm not gloating at his failures.
To me Obama has failed my expectations since he got elected. I find him worse every day. He's a pretty bad president, in my opinion. At this rate, he can still catch-up with Bush in the next six years and beat him as the Worst President in US History —and that's not an easy thing to achieve!
Originally Posted By: John Rougeux
Let me ask you this...with how Obama ran his campaign based on promises and how he can do this and that...what do you think the chances of another democrat getting elected this coming election year? Or do you think Obama will run again? (I know he will)
I think Obama has very good chances to get elected again. I think he will.
Big Business likes him, Wall Street loves him, the Republicans are breathless at how well Obama has turned out to be for them. The Democrats think that he is their man! [Think again!]
The people that financed his presidential bid are happy: Obama has done right for them and is only half way through his term… Obama and his team have put a/the Cherry at the top of the Bush years with the bailouts and now!, he will deliver them with another military intervention (as if two weren't enough!) to keep the military industrial complex well oiled. He may even get to go to war with Iran! The dream of the GOP!
The people, the unions, democracy, the planet, are burst.
I don't think Barak Obama, the First Black President in the United States history, will look very good in History not even with his Nobel Peace Prize.
Again, I still say a large portion (if not all) of the blame lays on the consumers shoulders. Yeah, the mortgage lenders may have lied, but come on! If you make $30,000, you can't afford a $200,000 house!! Simple math would tell you that. Heck, even a $100,000 house would stretch them more than likely.
The rule for housebuying typically was 3 years salary I believe? Now we have a problem, in that during the housing boom, where I'd normally see billboards around my area for "Houses from the 120's, or 200's" - suddenly all the billboards were for the same exact houses, only the billboards read from the 300's, from the mid 300's, from the low 400's. Houses around me went from that $120K value to $350K in a few scant years. That's idiotic, unrealistic and unsustainable as we've all witnessed. It took my parents house 35 years to accrue that kind of value.
So in effect people who are making average salaries - the bulk of the country - aren't supposed to buy houses anymore? Something's not right there. I don't live in a mansion. I live in an ordinary small house any average Joe should be able to easily afford. To suddenly say someone who makes my salary (or even less) should instead expect to live in a much smaller house (mine is pretty cramped with 3 people and a big dog) or an apartment instead is a complete failure of the United States as a society.
The entire housing finance industry needs to be razed to the grown and started over. There's nothing magical about purchasing a house, nor should there be. It's just money. No selling debt between companies BS. We've all heard plenty of horror stories about the problems this causes, it needs to stop.
If the economy is really to thrive there needs to be 4 basic things.
1. People need decent wages, and steady reliable employment. Not everyone is a manager or business owner, nor should they be expected to be to survive. 2. Housing needs to be affordable, and pricing stable. Average Joe making $40K a year needs to be able to buy a house without spending his entire salary on it. 3. Transportation needs to be affordable and prices stable. This means cars, fuel, and public transportation. 4. Food needs to be affordable and prices stable.
134 Promises kept, 40 kept with compromise, 219 in the works - that's 393 out of 500 and only 40 broken.
The 70 stalled ones we'll have to wait and see. I don't see how that's so terribly screwed up. Still, even if the stalled ones go nowhere nearly 400 out of 500 isn't all that bad, is it?
Yeah, I'd have liked to seen Gitmo closed immediately. I'd have liked to see him slip on some comfortable shoes and show up in Wisconsin. That would have kicked ass.
_________________________ Hey I'm an F'n Jerk!® twitter.com/SgtBaxter facebook.com/Bryan.Eckert
#555004 - 03/24/1111:09 AMRe: So how's Obama working out for you dems?
[Re: SgtBaxter]
MacBozo
Nut Dood
Registered: 04/20/02
Posts: 16605
Loc: Pinellas Park, Florida
Originally Posted By: SgtBaxter
Originally Posted By: John Rougeux
Again, I still say a large portion (if not all) of the blame lays on the consumers shoulders. Yeah, the mortgage lenders may have lied, but come on! If you make $30,000, you can't afford a $200,000 house!! Simple math would tell you that. Heck, even a $100,000 house would stretch them more than likely.
The rule for housebuying typically was 3 years salary I believe? Now we have a problem, in that during the housing boom, where I'd normally see billboards around my area for "Houses from the 120's, or 200's" - suddenly all the billboards were for the same exact houses, only the billboards read from the 300's, from the mid 300's, from the low 400's. Houses around me went from that $120K value to $350K in a few scant years. That's idiotic, unrealistic and unsustainable as we've all witnessed. It took my parents house 35 years to accrue that kind of value.
So in effect people who are making average salaries - the bulk of the country - aren't supposed to buy houses anymore? Something's not right there. I don't live in a mansion. I live in an ordinary small house any average Joe should be able to easily afford. To suddenly say someone who makes my salary (or even less) should instead expect to live in a much smaller house (mine is pretty cramped with 3 people and a big dog) or an apartment instead is a complete failure of the United States as a society.
The entire housing finance industry needs to be razed to the grown and started over. There's nothing magical about purchasing a house, nor should there be. It's just money. No selling debt between companies BS. We've all heard plenty of horror stories about the problems this causes, it needs to stop.
If the economy is really to thrive there needs to be 4 basic things.
1. People need decent wages, and steady reliable employment. Not everyone is a manager or business owner, nor should they be expected to be to survive. 2. Housing needs to be affordable, and pricing stable. Average Joe making $40K a year needs to be able to buy a house without spending his entire salary on it. 3. Transportation needs to be affordable and prices stable. This means cars, fuel, and public transportation. 4. Food needs to be affordable and prices stable.
Yes! Real estate values were way overvalued, and that began in 2005-6 which caused a near collapse in new construction. This didn't all happen overnight in 2008.
You're right and Neither did the repeal of Glass-Segal which was pushed by the GOP and signed by Clinton (stupid move).
EVEN with GS repealed, NO one made them accept less credentials for loans than they had before, but "American Greed" pushed some to do so like a giant ponzi scheme... in 2008 the walls crashed.
So some dumb consumers share blame. but it was the mortgage, real estate , and banking industries that muster the large majority. They did it to themselves by abandoning their traditional "proven" business practices and "going rogue" !
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