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Obama ecconomics

shadowninty said:
the free market is in a good shape
property bubbles? reckless trading?
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Property bubbles created primarily by government forced sub prime lending. Banks, as a rule are risk averse. Hence they had insurance on all of these securities that were being passed around. However, when all the sub primes started falling to pieces it was more than AIG could handle either.

Banks weren't making sub prime loans for a reason.
 
This is true the government told financial institutions to give mortgages to people that couldn't afford one in the first place.

Also I was just wondering who regulated the government who regulates me that's all. I wasn't talking about free market.
 
byteware said:
That's rather interesting, since everything Obama chided McCain for during the campaign... he has since done himself.

Since Obama thinks McCain's ideas have been so wonderful, I would guess it wouldn't be any worse... plus we'd have someone with military experience to help during the war...
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McCain's military experience as a POW? Yeah, that's relevant, I suppose, if you want to run a POW prison.

Oh, wait...we pooched that, too.
 
byteware said:
Social Security and Medicare are two "Services" that are each projected to be able to bankrupt this nation, each by itself.

Medicare, Social Security, and the Postal Service ready to default on it's financial obligations...

The free market may not be flawless, but it seems in a heck of a lot better shape than the Government at this point.
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The "free marketeers" have raped this country and left it out in the cold. This country is collapsing. The virtually unregulated free market will be our death knell.
 
hakr100 said:
McCain's military experience as a POW? Yeah, that's relevant, I suppose, if you want to run a POW prison.

Oh, wait...we pooched that, too.
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What is Obama's experience? Oh wait a community organizer, you want to tell me what the hell that is?
 
Dark Jedi said:
This is true the government told financial institutions to give mortgages to people that couldn't afford one in the first place.

Also I was just wondering who regulated the government who regulates me that's all. I wasn't talking about free market.
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You do.
 
byteware said:
Property bubbles created primarily by government forced sub prime lending. Banks, as a rule are risk averse. Hence they had insurance on all of these securities that were being passed around. However, when all the sub primes started falling to pieces it was more than AIG could handle either.

Banks weren't making sub prime loans for a reason.
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Government had NOTHING to do with sub primes, sorry. My neighbor, $300,000 dollar house was pressured by THE BANK to take a sp over conventional.
 
The lounge is a left/right fighthouse I see. It mirrors the voices heard by the media. Saddest part is, most Americans fall smack dab in the middle.
 
byteware said:
Social Security and Medicare are two "Services" that are each projected to be able to bankrupt this nation, each by itself.

Medicare, Social Security, and the Postal Service ready to default on it's financial obligations...

The free market may not be flawless, but it seems in a heck of a lot better shape than the Government at this point.
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Tell that to the 10000000 people out of work in the past few years.
 
jwp1223 said:
What is Obama's experience? Oh wait a community organizer, you want to tell me what the hell that is?
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The point is that McCain's military experience nearly 40 years ago is not relevant to what is happening in Iraq and Afghanistan. Further, most of McCain's military experience, sadly, was spent as a POW.

Lately, it seems, McCain has been drifting into senility, and his backstop would have been that narcissist nincompoop, Soap Opera Sarah.
 
Sorry, politics aside, I can't sit idly by while McCain's military experiences are marginalized.

Any member of the armed forces that spends one day in harm's way knows infinitely more about war than those who never have.

Anyone who survived the Hanoi Hilton knows more about the horror of military atrocities than we can hope to know.

Those things never lose relevancy.

It's been said that no one values peace as much as someone who'd been in combat. Outside of the truly conscientious, such as Gandhi - I'd tend to agree.
 
hakr100 said:
McCain's military experience as a POW? Yeah, that's relevant, I suppose, if you want to run a POW prison.

Oh, wait...we pooched that, too.
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How about his ten years of military service PRIOR to that...

hakr100 said:
The "free marketeers" have raped this country and left it out in the cold. This country is collapsing. The virtually unregulated free market will be our death knell.
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Well, I would post a retort... but I think this shoots your credibility pretty much all by itself.

nlsme said:
Government had NOTHING to do with sub primes, sorry. My neighbor, $300,000 dollar house was pressured by THE BANK to take a sp over conventional.
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Well, this is another area where you are misinformed. Subprimes were virtually non-existent until Clinton made them a requirement for Banks to be in compliance with regulations.

nlsme said:
I like how you ommit the fact he was a member of the senate.
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Yes... he was in the senate for an entire year before he stopped showing up for work in order to run for President.
 
nlsme said:
you dont know enough about why our bubble happened.
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Care to educate me... with actual facts?

nlsme said:
Tell that to the 10000000 people out of work in the past few years.
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Didn't Obama promise that all of his government intervention would fix that two years ago?

nlsme said:
Means a lot more then mccains " military" experiance. And he WAS a senater.
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Wow... just wow... I understand partisanship, but reading this is actually depressing. Our civilian population is so ignorant of our military anymore, what they go through, what they learn, and what they put on the line.

Makes me wish for mandatory service for both men and women after high school. Two years of mandatory service, and I think this country would turn around. We might never see another war... EVER.

hakr100 said:
The point is that McCain's military experience nearly 40 years ago is not relevant to what is happening in Iraq and Afghanistan. Further, most of McCain's military experience, sadly, was spent as a POW.
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Again... it seems our civilian population is absolutely ignorant of our military anymore.

And, just for facts... 10 years of military service... is a lot more than 5 years as a POW.

And really, who better to deal with Gitmo, than someone who had been through the kind of torture that he had to endure.

EarlyMon said:
Sorry, politics aside, I can't sit idly by while McCain's military experiences are marginalized.

Any member of the armed forces that spends one day in harm's way knows infinitely more about war than those who never have.

Anyone who survived the Hanoi Hilton knows more about the horror of military atrocities than we can hope to know.

Those things never lose relevancy.

It's been said that no one values peace as much as someone who'd been in combat. Outside of the truly conscientious, such as Gandhi - I'd tend to agree.
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Thank you.
 
Sorry, the government had nothing to do with the banks pushing them on people for a 300 grand house.The banks LOVED them. Why? Because they knew they could get your. Over their competiters that wouldnt offer them. They gave loans to ANYBODY and EVERYBODY. THEY didnt care if the property was worthe what they loaned you when you bought. They did not care year after year when they would refinance for another 20%. But, you go ahead and keep blaming the government.
 
As for mcain, just because he might want peace more, doesn't mean he would have any more insite as to how to acheive it. Same with gitmo.
 
You know it was president Clinton that told the banks to give those loans. You really think the banks wanted to give john doe a mortgage k owing full well if the mortgage rates spike people couldn't afford the interest. Then the banks are stuck with properties they don't want. An empty house repossessed makes no money for the bank.

I.stead of blaming the banks. How about blame the homeowners who bought something they couldn't afford. Most of the reason the housing market is so bad from people living beyond their means.

You know don't thumb your nose to anyone's military service. Lets see you live as a pow during g Vietnam for 5 years. Show some respect.
 
Ohh, and I served my country. So go ahead and call me ignorant.
And to say "obama promised to fix that" is a cruddy retort to my statement to you. It has nothing to do with the millions of jobs lost in your "doing better" free market where millions of jobs were lost. Let alone, the trillions lost in real money. Out of pockets of Americans, trillions. Thats 12 zeros. Thats a really BIG number.
 
I served my country, I know he laid it all on the line. I'm not bellitling his service. It just has nothing to do with running a country. I'll even say Mccain even had more RELEVANT experiance than Obama. But, not because of his military career. If he had picked somone else as a running mate, I might have voted for him. Not because of his military experiance though. Just because you are far right, doesn't mean everyone who disagrees with you is far left.
 
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