How many zeros?

Matt414
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Matt414
Edited Date/Time 1/15/2012 7:30pm
http://news.yahoo.com/s/ap/20081217/ap_on_go_pr_wh/obama_stimulus


Is this real? I am not trying to bag on obama, but is this real? Do people really think this is going to help things? Have we not learned anything from history? Isn't the government smart enough to realize that you can't simply just print money and throw it at the problem? So, where is this trillion going to come from?
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crowe176
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crowe176 12/17/2008 5:11pm
12/17/2008 5:11pm
Write them an email telling them how it should be matt.
Void Main
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Void Main 12/17/2008 5:13pm
12/17/2008 5:13pm
Haven't you heard? He's getting it from Joe the Plumber.
Matt414
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Matt414 12/17/2008 5:21pm
12/17/2008 5:21pm
crowe176 wrote:
Write them an email telling them how it should be matt.
Do you think that just printing money will fix it?
Sinbad
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Sinbad 12/17/2008 5:22pm
12/17/2008 5:22pm Edited Date/Time 12/17/2008 5:26pm
Change is coming!

I like this part the most.

There would also be some form of tax relief, according to the Obama team, which is well aware of the political difficulty of pushing such a large package through Congress, even in a time of recession. Any tax cuts would be aimed at middle- and lower-income taxpayers, and aides have said there would be no tax increases for wealthy Americans.

So where does he plan to get all that money?

The Shop

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crowe176
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crowe176 12/17/2008 5:45pm
12/17/2008 5:45pm
crowe176 wrote:
Write them an email telling them how it should be matt.
Matt414 wrote:
Do you think that just printing money will fix it?
Obviously not. What should they do? I'm sure they could use the answer.

I feel sorry for the team tasked to figure a way out to fix it, but it's their job, and I have to trust they can do it because me and you bitching about it sure as fuck ain't gonna change a damn thing. Why, because we don't dick about how to stop a country from entering a recession.

kdx man
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kdx man 12/17/2008 5:58pm
12/17/2008 5:58pm
There is no quick fix. I'm just gonna buckle in and try to enjoy the ride somehow.

I feel bad for anybody that thinks they want to be president in these times. I dont think there is an amount of money you could offer me to deal with all that bullshit.
Matt414
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Matt414 12/17/2008 7:03pm
12/17/2008 7:03pm
crowe176 wrote:
Write them an email telling them how it should be matt.
Matt414 wrote:
Do you think that just printing money will fix it?
crowe176 wrote:
Obviously not. What should they do? I'm sure they could use the answer. I feel sorry for the team tasked to figure a way out to...
Obviously not. What should they do? I'm sure they could use the answer.

I feel sorry for the team tasked to figure a way out to fix it, but it's their job, and I have to trust they can do it because me and you bitching about it sure as fuck ain't gonna change a damn thing. Why, because we don't dick about how to stop a country from entering a recession.

Your right. I wouldn't want to do it either. I would rather they did nothing to be honest. I think things would be better off if they let the market crash in the first place. Instead of delaying it. And, we're not about to enter a recession. We have been in one for sometime now.
Larry
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Larry 12/17/2008 7:23pm
12/17/2008 7:23pm
Yes doing nothing always works. It what got us here in the first place.
Matt414
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Matt414 12/17/2008 7:29pm
12/17/2008 7:29pm
Larry wrote:
Yes doing nothing always works. It what got us here in the first place.
No, thats not what got us here. What got us here is the mortgage/credit companies giving everyone more credit then they needed, the government telling mortgage companies to give out high risk loans, people thinking its their right to own a home, people taking way more credit then they should, buying shit on credit with no plans on how to pay it back. Thats what got us here. People not being forced to take responsibility for their actions is what got us here. And thats why the government bailing it all out isn't going to do anything except make us really in debt to other nations, and make our currency worthless. But, its okay, because as long as we keep firing up those presses and tossing good money at bad money, we'll all be okay.
Big Lenny
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Big Lenny 12/17/2008 7:38pm
12/17/2008 7:38pm Edited Date/Time 12/17/2008 7:40pm
Dungeon, dumbshit...America, Love it or leave it..
flarider
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flarider 12/17/2008 7:45pm
12/17/2008 7:45pm Edited Date/Time 4/16/2016 9:34pm
"...The government telling mortgage companies to give out high risk loans..." is not true.


The Government did tell lenders that they could not cherry-pick nicer neighborhoods, better regions or higher income levels, but they never required lenders to make loans to high risk, poor credit borrowers.

Lenders are solely to blame for taking on and expanding sub-prime lending
Matt414
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Matt414 12/17/2008 7:52pm
12/17/2008 7:52pm
flarider wrote:
"...The government telling mortgage companies to give out high risk loans..." is not true. The Government did tell lenders that they could not cherry-pick...
"...The government telling mortgage companies to give out high risk loans..." is not true.


The Government did tell lenders that they could not cherry-pick nicer neighborhoods, better regions or higher income levels, but they never required lenders to make loans to high risk, poor credit borrowers.

Lenders are solely to blame for taking on and expanding sub-prime lending
Not word for word. But allowing them to do stated loans is high risk. The problem with all this is that its everyone's fault. Not just the governments fault, or just Bush's fault. Its everyone's fault and its everyone's problem. Everyone wants to point fingers and blame someone else while sticking their head in the sand. But, the bottom line is that this is America's fault and its America's problem.
flarider
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flarider 12/17/2008 8:01pm
12/17/2008 8:01pm
Not a word at all, Matt
All the feds said was that lenders had to have fairness in lending and could not solely cherry pick the high income good stuff in the nice areas.
There is NOTHING in legislation or rules forcing lenders to lend to bad credit applicants.
No where.

Yes, there is blame all over, but that one statement you made is patently false
Big Lenny
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Big Lenny 12/17/2008 8:33pm
12/17/2008 8:33pm
Wahhh, Wahhh, Wahh, suck it up, and deal with it....
tuz371
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tuz371 12/18/2008 5:26am
12/18/2008 5:26am
Matt414 wrote:
Not word for word. But allowing them to do stated loans is high risk. The problem with all this is that its everyone's fault. Not just...
Not word for word. But allowing them to do stated loans is high risk. The problem with all this is that its everyone's fault. Not just the governments fault, or just Bush's fault. Its everyone's fault and its everyone's problem. Everyone wants to point fingers and blame someone else while sticking their head in the sand. But, the bottom line is that this is America's fault and its America's problem.
Sorry but I am not at fault so the rest of you can go suck a rotten egg. Wink

I'm pissed that once again the responsible person gets nothing while the dumbshits who are in over their head get "rewarded"

I may just not pay the mortgage the next three months so I can claim a hardship and have the government take care of me. I'm sure more than a few are taking advantage of this.
Crash82
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Crash82 12/18/2008 5:52am
12/18/2008 5:52am
Matt414 wrote:
Not word for word. But allowing them to do stated loans is high risk. The problem with all this is that its everyone's fault. Not just...
Not word for word. But allowing them to do stated loans is high risk. The problem with all this is that its everyone's fault. Not just the governments fault, or just Bush's fault. Its everyone's fault and its everyone's problem. Everyone wants to point fingers and blame someone else while sticking their head in the sand. But, the bottom line is that this is America's fault and its America's problem.
tuz371 wrote:
Sorry but I am not at fault so the rest of you can go suck a rotten egg. ;) I'm pissed that once again the responsible...
Sorry but I am not at fault so the rest of you can go suck a rotten egg. Wink

I'm pissed that once again the responsible person gets nothing while the dumbshits who are in over their head get "rewarded"

I may just not pay the mortgage the next three months so I can claim a hardship and have the government take care of me. I'm sure more than a few are taking advantage of this.
How do you do that? If I got 3 months behind Countrywide would foreclose.
Dean
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Dean 12/18/2008 6:22am
12/18/2008 6:22am Edited Date/Time 4/16/2016 9:34pm
Larry wrote:
Yes doing nothing always works. It what got us here in the first place.
Matt414 wrote:
No, thats not what got us here. What got us here is the mortgage/credit companies giving everyone more credit then they needed, the government telling mortgage...
No, thats not what got us here. What got us here is the mortgage/credit companies giving everyone more credit then they needed, the government telling mortgage companies to give out high risk loans, people thinking its their right to own a home, people taking way more credit then they should, buying shit on credit with no plans on how to pay it back. Thats what got us here. People not being forced to take responsibility for their actions is what got us here. And thats why the government bailing it all out isn't going to do anything except make us really in debt to other nations, and make our currency worthless. But, its okay, because as long as we keep firing up those presses and tossing good money at bad money, we'll all be okay.
nice simple anyalsis

Wall St bundling all these toxic assets into mortage backed securities had nothing to do with it, did it?

How about Wall Street selling side bets that they couldn't cover called credit default swaps on said securities- think that had anything to do with it?

You and Kalish keep right on thinking it's all the consumers fault, and things will work out fine for you
tuz371
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tuz371 12/18/2008 8:24am
12/18/2008 8:24am
Sorry Crash, misread something and included it here. After searching, the only thing I could find is this, from a USA Today article : "To qualify, borrowers must be spending more than 31% of their income on mortgage payments. Loans made this year are excluded, except for those completed on Jan 1. Borrowers must have made six months of payments on their loans."

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