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  1. #61
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    Quote Originally Posted by fj1200 View Post
    The ridiculousness is strong with this one.



    You're going to have to be more specific than that because your talking points are getting a bit muddled. "Slow and steady" will not catch up to the unemployed because population growth is outstripping job growth. Besides, I think they'd take a vigorous private sector led recovery over the anemic government led one we have now. Your assertion to the contrary is silly..





    That's because the problems were in the markets and not with F&F.

    Only that final sentence applies to me.

    funny how experts are not persuaded by your claim in that final sentence.

    F&F is the housing market.

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    Falling off the fiscal cliff would affect public more as their income increases. Which is why I believe Congress will solve the problem. The very rich would lose millions.

    http://www.smartmoney.com/taxes/inco...1353009406152/

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    Quote Originally Posted by gabosaurus View Post
    Falling off the fiscal cliff would affect public more as their income increases. Which is why I believe Congress will solve the problem. The very rich would lose millions.

    http://www.smartmoney.com/taxes/inco...1353009406152/

    To the contrary. The RICH won't lose anything. America, and the people who need jobs, and places to invest will be punished by the Obama government, with the Democrats because. Businesses on the brink...will fail, and other larger businesses, and corporations will just continue to Move out of the country, taking those much needed jobs with them.

    That PLUNGE will, by design of Obama, and the Democrats. Push this nation further into the Debt hole that makes even more Americans dependent upon govt.
    That's what the desires of Socialism, Marxism, and Communism aim for in transforming this nation into the 3rd World, European style.
    I love to make Liberals Cry, and Whine.
    So, this is for them.
    GOD BLESS AMERICA - IN GOD WE TRUST !

  4. #64
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    Quote Originally Posted by Robert A Whit View Post
    Are you kidding? We both live in the same area and you know very well that this area has not shown signs of recovery except in some very small spots where the rich live.

    Obama has lavished the rich with money. Then he speaks ill of them. Go figure.
    Maybe you just need to get a job. Construction is going well. If you are not doing well maybe you are a conservative in a liberal state. Concrete construction is booming with all the new buildings being put up in San Jose, Santa Clara, Campbell, Fremont, and San Leandro. And Solyndra is being purchased by seagate technologies for a research and development site. The building with the for sale sign on it right by the mission off ramp.
    A chance for a new beginning, like a dawn of reconciliation.

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    Quote Originally Posted by aboutime View Post
    To the contrary. The RICH won't lose anything. America, and the people who need jobs, and places to invest will be punished by the Obama government, with the Democrats because. Businesses on the brink...will fail, and other larger businesses, and corporations will just continue to Move out of the country, taking those much needed jobs with them.

    That PLUNGE will, by design of Obama, and the Democrats. Push this nation further into the Debt hole that makes even more Americans dependent upon govt.
    That's what the desires of Socialism, Marxism, and Communism aim for in transforming this nation into the 3rd World, European style.
    Boner is the one pushing for the failure of America. The rethuglians want to go back to the 1900's so they can institute child labor and robber Barron tactics to rape the citizens of America.
    A chance for a new beginning, like a dawn of reconciliation.

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    Quote Originally Posted by April15 View Post
    Boner is the one pushing for the failure of America. The rethuglians want to go back to the 1900's so they can institute child labor and robber Barron tactics to rape the citizens of America.


    Thanks for being so forthcoming with us April15. No longer need to wonder, or ask ourselves whether you meet the Gabby standards here. You answered that, all by yourself.
    Hypocrisy is your game, Ignorance seems to be your aim.

    You should write to the DNC, and ask them for the Updated version of the Liberal, Democrat, Talking Points manual.
    Last edited by aboutime; 11-25-2012 at 08:03 PM.
    I love to make Liberals Cry, and Whine.
    So, this is for them.
    GOD BLESS AMERICA - IN GOD WE TRUST !

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    Quote Originally Posted by Robert A Whit View Post
    Only that final sentence applies to me.

    funny how experts are not persuaded by your claim in that final sentence.

    F&F is the housing market.
    Which experts aren't? The ones you don't listen to?

    No F&F is the mortgage market. They supply cash to the housing market via banks.
    Last edited by fj1200; 11-26-2012 at 01:55 PM.
    "when socialism fails, blame capitalism and demand more socialism." - A friend
    "You know the difference between libs and right-wingers? Libs STFU when evidence refutes their false beliefs." - Another friend
    “Don't waste your time with explanations: people only hear what they want to hear.” - Paulo Coelho


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    Quote Originally Posted by April15 View Post
    The ending of the unwise tax cut is long over due. The nation needs it, the end of it, to be financially prudent. I am glad that the interest on our debt is .009% which is just about nothing.
    Obama is currently spending FOUR BILLION DOLLARS per day MORE then the US Treasury takes in. Who and what will you tax to cover that amount? US taxpayers and companies paid about $2.5 TRILLION in taxes last year - how much more do you demand they pay? Also, even if the current tax rates are taken back to where they were under Bill Clinton, the amount of revenue that would bring in (assuming there is no negative impact on economic growth) would fund the current spending levels for about EIGHT days. Where would you suggest Obama gets the rest. BTW, the US currently pays about $250 BILLION a year in interest on the debt and as the debt rises so does the interest payments. That is hardly nothing to the US taxpayer. The floor is now yours April to answer my questions. Thanks and welcome back


    How do you tell a communist? Well, it's someone who reads Marx and Lenin. And how do you tell an anti-Communist? It's someone who understands Marx and Lenin.

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    Quote Originally Posted by April15 View Post
    Boner is the one pushing for the failure of America. The rethuglians want to go back to the 1900's so they can institute child labor and robber Barron tactics to rape the citizens of America.
    You sure burned out fast didn't you?
    "when socialism fails, blame capitalism and demand more socialism." - A friend
    "You know the difference between libs and right-wingers? Libs STFU when evidence refutes their false beliefs." - Another friend
    “Don't waste your time with explanations: people only hear what they want to hear.” - Paulo Coelho


  10. #70
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    Quote Originally Posted by fj1200 View Post
    You sure burned out fast didn't you?

    fj. April15 was still operating with the 2011 DNC Talking Points manual. Probably got that FREE PLUNGE advertisement from the DNC pool, where they invite Obama faithful's to come and swim for Free in the Kool-aide of the day. RSVP of course.
    I love to make Liberals Cry, and Whine.
    So, this is for them.
    GOD BLESS AMERICA - IN GOD WE TRUST !

  11. #71
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    Quote Originally Posted by April15 View Post
    Maybe you just need to get a job. Construction is going well. If you are not doing well maybe you are a conservative in a liberal state. Concrete construction is booming with all the new buildings being put up in San Jose, Santa Clara, Campbell, Fremont, and San Leandro. And Solyndra is being purchased by seagate technologies for a research and development site. The building with the for sale sign on it right by the mission off ramp.
    Yes, shut down my business at age 74 and rush right out to get a job as a laborer. I live in the city of Solyndra. I am pleased to learn Seagate will occupy it.

    Look, if a person is building such commercial buildings, well and good. But most of us don't build commercial buildings.

    I spent 9 years in the SF Bay area doing heavy construction.

    We had for all of Northern CA a grand total of about 1100 union members. I think I know a boom when I see one. As I said, Obama handed the rich plenty to thank him for. I read your boasting. I am pleased for your sake that you do well. If you give credit to Obama and that is why you voted for him, clearly all that matters to you is you.

    Around me, I can tell you that there are far too many empty commercial sites. Some of these have been empty since Obama was first sworn in.

    I once was a Democrat. Back in my dumb days.

    I say that to reflect badly on me in those days and since I don't know you, you need not act pissy because I feel bad I lived far too long as a loyal democrat.

  12. #72
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    Quote Originally Posted by fj1200 View Post
    Which experts aren't? The ones you don't listen to?

    No F&F is the mortgage market. They supply cash to the housing market via banks.
    I have listened for decades to many experts. I try to watch enough CSPAN to stay on top of this.

    I have been directly involved in finance since 1971, of homes. I have originated many home loans. I seldom used banks. Banks could always make consumer loans. Why fart with a home loan over a long time when you could make a lot more financing boats, cars and other things.

    Banks were not the first line of home loans. One bank that one could claim did like home loans off and on was Wells Fargo. Locally we had a bank that did many home loans. But they also favored prime loans.

    Go back to the cause of the collapse. Imagine the day before the collapse. Things were fine or so we thought.

    IT was the day subprimes got shut off. Many recall the day of the stock market collapse of 1929. I peg this to the week that the subprime loan sources vanished.

    Fannie to remind you one more time made the rules. All those bad loans purchased by FF followed their rules. When the rules are awful and doom the market, look no further than those with the money also making the rules.

    This is why true experts put the blame on Fannie and Freddie. We lived it. We were part of the market. We noted when Fannie changed the rules. Some predicted doom. Bush was one such man. But he was not listened to by the congress. Fannie was not about to ruin it's market by going back to their old rules.

    I don't know why you won't study the housing market. Don't take my word. Take the word of the Federal Reserve. They published extensively over this matter.

    I have to check but I bet Professor Barro has published on this and he is a hailed economist.

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    Once again I find it necessary to post this link for people like FU who think they know what caused the housing meltdown but in reality do not have a clue what really happened
    Fannie Mae Eases Credit To Aid Mortgage Lending


    By STEVEN A. HOLMES
    Published: September 30, 1999 In a move that could help increase home ownership rates among minorities and low-income consumers, the Fannie Mae Corporation is easing the credit requirements on loans that it will purchase from banks and other lenders.
    The action, which will begin as a pilot program involving 24 banks in 15 markets -- including the New York metropolitan region -- will encourage those banks to extend home mortgages to individuals whose credit is generally not good enough to qualify for conventional loans. Fannie Mae officials say they hope to make it a nationwide program by next spring.
    Fannie Mae, the nation's biggest underwriter of home mortgages, has been under increasing pressure from the Clinton Administration to expand mortgage loans among low and moderate income people and felt pressure from stock holders to maintain its phenomenal growth in profits.
    In addition, banks, thrift institutions and mortgage companies have been pressing Fannie Mae to help them make more loans to so-called subprime borrowers. These borrowers whose incomes, credit ratings and savings are not good enough to qualify for conventional loans, can only get loans from finance companies that charge much higher interest rates -- anywhere from three to four percentage points higher than conventional loans.
    ''Fannie Mae has expanded home ownership for millions of families in the 1990's by reducing down payment requirements,'' said Franklin D. Raines, Fannie Mae's chairman and chief executive officer. ''Yet there remain too many borrowers whose credit is just a notch below what our underwriting has required who have been relegated to paying significantly higher mortgage rates in the so-called subprime market.''
    Demographic information on these borrowers is sketchy. But at least one study indicates that 18 percent of the loans in the subprime market went to black borrowers, compared to 5 per cent of loans in the conventional loan market.
    In moving, even tentatively, into this new area of lending, Fannie Mae is taking on significantly more risk, which may not pose any difficulties during flush economic times. But the government-subsidized corporation may run into trouble in an economic downturn, prompting a government rescue similar to that of the savings and loan industry in the 1980's.
    ''From the perspective of many people, including me, this is another thrift industry growing up around us,'' said Peter Wallison a resident fellow at the American Enterprise Institute. ''If they fail, the government will have to step up and bail them out the way it stepped up and bailed out the thrift industry.''
    Under Fannie Mae's pilot program, consumers who qualify can secure a mortgage with an interest rate one percentage point above that of a conventional, 30-year fixed rate mortgage of less than $240,000 -- a rate that currently averages about 7.76 per cent. If the borrower makes his or her monthly payments on time for two years, the one percentage point premium is dropped.
    Fannie Mae, the nation's biggest underwriter of home mortgages, does not lend money directly to consumers. Instead, it purchases loans that banks make on what is called the secondary market. By expanding the type of loans that it will buy, Fannie Mae is hoping to spur banks to make more loans to people with less-than-stellar credit ratings.
    Fannie Mae officials stress that the new mortgages will be extended to all potential borrowers who can qualify for a mortgage. But they add that the move is intended in part to increase the number of minority and low income home owners who tend to have worse credit ratings than non-Hispanic whites. http://www.nytimes.com/1999/09/30/bu...e-lending.html


    How do you tell a communist? Well, it's someone who reads Marx and Lenin. And how do you tell an anti-Communist? It's someone who understands Marx and Lenin.

    Ronald Reagan

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    "when socialism fails, blame capitalism and demand more socialism." - A friend
    "You know the difference between libs and right-wingers? Libs STFU when evidence refutes their false beliefs." - Another friend
    “Don't waste your time with explanations: people only hear what they want to hear.” - Paulo Coelho


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    Quote Originally Posted by Robert A Whit View Post
    Go back to the cause of the collapse. Imagine the day before the collapse. Things were fine or so we thought.
    What day was that?
    "when socialism fails, blame capitalism and demand more socialism." - A friend
    "You know the difference between libs and right-wingers? Libs STFU when evidence refutes their false beliefs." - Another friend
    “Don't waste your time with explanations: people only hear what they want to hear.” - Paulo Coelho


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