When every doctor tells you to lose weight and exercise, maybe it's time to listen.
As for the "crazy" people, what you're telling me is that you'd rather believe in fantasy than deal with reality, which is fine, if not terribly admirable. Especially real estate professionals who have contact spheres of hundreds, if not thousands, of people.
For those of you who think it's clever to shift the blame or credit for budgets on the Congress, it is enlightening to note that Congress does not create these budgets, they are created by the White House and submitted to Congress for approval.
The last twenty budgets submitted by Republican Presidents have been deficit budgets, in good times and in bad.
This year, the Republican Party has made it essentially their official policy that tax cuts for the rich are more important than the deficit.
I'm still interested in why this party has 40% of the electorate, given that they are prone to at least the same sort of expansion of government, budget deficits, and personal immorality as they accuse the Democrats of having.
- Who wouldn't walk away from this type of investment when times get tough
You're right, Carol; it's not really an investment if you don't have anything "invested."
- Most other people do not.
Apparently, 40% of Americans don't care.
- Although great political propaganda
Not so much. You don't get much political hay from flops.
- The administration has FAILED to create new jobs
While that's true, it also doesn't tell the story.
The economy was losing 500,000 jobs a month while the old Administration was packing its bags. Putting a halt to that is an accomplishment. In fact, if you look at a monthly chart of job losses, it's like a mirror image, bottoming out in January 2009.
The good news for you is, this November, you have another chance to vote for the party that got you into this mess!
PEOPLE GET EDUCATED! WATCH & LISTEN FOR YOURSELVES ALL THE LIBERAL, NEO-CONSERVATIVE, PROGRESSIVE, CONSERVATIVE, AND LIBERAL TV PROGRAMS! Then make up YOUR OWN minds. Politicians tell YOU what they want YOU to THINK they are saying and NOT what THEY WILL DO OR ARE PLANNING TO DO! That's called a HYPOCRITE! Don't go along with them!
You can't blame corporations for trying to increase their profit...it's a federal mandate. The real problem with the corporate entity is that they have the same rights as you and I do as humans, but no moral responsibilities, or ethical responsibilities beyond oversight and legislation.
At the end of the day, the consumer has to take some responsibility for trying to get something for nothing whether you're talking about housing or chickens. The demand for (disposable) $299 flat screen plasma TV's drives manufacturing overseas, just as much as the desire to make a profit does.
I generally don't like to talk politics, but on this item I must speak up.
President Obama attacked a battle that he could not win and we all know it! The foundation of our real estate economy is so brittle that no matter what he does it is going to have very little impact. How can any rational person expect 10 years of abuses to be wiped out in 12 months?
I think that the tax credit first time buyers has been great. Secondly, his administration is trying to assist with the mortgage relief programs, but with unemployment at 9.7% and underemployment over 20% there is nothing short of paying people's mortgages that will do the trick.
There was so much mortgage fraud and predatory lending being conducted in the market that many of these home owners are beyond help. There is going to be a painful correction in the market, and when we look back in 20 years we will understand that this administration has gone above and beyond to help the people back to their feet. Now let's get out there and sell!
The question is who can lead us out of this. So far I am waiting to see that person in any party or position.
Agreed the policy that says you deserve to own a house if you can draw breath is one that should never have started. Insanely unregulated credit card companies are another problem. Propping up failing banks also a problem. OTOH, if we hadn't bailed out the banks and we had plunged into The Second Great Depression Obama would have gotten the blame for that too. This is not a problem I know how to solve. I just wish some financial geniuses would step forward and figure it out.
It's also ironic that some of the same people who said we should let the free market correct itself are also blaming Obama for high unemployment. What do you think the unemployment rate would be if we had let multiple financial institutions that employ hundreds of thousands of people go out of business?
What I find most incredible, that all these "agents", "brokers" and "RE Pros" are here bashing the president, complaining, and giving him an "F" and basically saying it is the end of the world. Yet, they hava audacity to meet with their clients tomorrow and tell them, "Now is the best time to buy and everything is wonderful".
Others make it sound as if Hugo Chavez was the president. If this was the case, let me ask you, is it a a good time to buy a house when your president is Hugo Chavez?
The same people who are accusing Obama of being two faced and an actor are themselves being two faced and played the starring role in the housing crisis that we are in.
He inherited a mess, and that mess produced a litter of stinkers. Both wars and the crashing economy has consumed too many resources (brain-power, money, time, etc). I also think he's spent too much time trying to "get everyone on board" with some of his plans. No person can please everyone all of the time; he needs to do a better job of prioritizing and executing on those priorities.
Although his administration has proposed some interesting ideas (and some horrible ones), this dysfunctional Congress keeps kneecapping them at every twist and turn. Too bad we can't reboot Congress, because voting process won't clear out the critical mass of clowns quick enough. I'm annoyed with all of the bickering; I'm exhausted with this do nothing (right) Congress. Maybe a boot in the butt of all of the incumbents IS "the kind of change we need."
Obama is trying to reinflate the housing bubble to bail out the Wall Street crooks.
FHA is the new subprime, he nationalized the Fannie and Freddie trillions in liabilities, and Obama doesn't even care about the unbearable debt legacy he is leaving our children.
Banks do that having high expectations and nothing has changed. All they want is as much money as they can get - society be darned.
Under your plan you would shove all the people that canâ€™t pay their bills on the poor suffering landlords out there. I donâ€™t know about the rest of America, but my landlord is out to make money on his property. Being the wise businessman he is, he definitely checked my credit before he rented to me.
As to the question at hand: I remember hearing back in the last economic downturn in 2001 and 2002 that housing was the only thing that was keeping the economy going. Now, we know that Mr. Bushâ€™s way of keeping that economic engine going was probably equivalent of used car salesman putting saw dust in the motor oil. I really wonder how much of our economy was based in people 'refinancing' to access the equity in their house to buy the things that kept our economy engine function. Sure the engine ran nice for a while, but in reality it just exponentially damaged the economy. Ergo, I think Mr. Obama is doing the best job possible under the condition he inherited. It is going to take time to dismantle the engine and rebuild it. Unfortunately, as with any engine repair, it is going to cost more than the repairman estimated.
Ann Coulter told you that if you didn't nominate Chris Christie, you'd wind up stuck with Mitt Romney and you'd lose the election. Turns out that yesterday morning, Romney had a 9% chance of winning, which was about the chance he had of winning a year ago.
Herman Cain could have run the country like it was Sim City, with tax rates of nine, nine, nine. And no legislation longer than three pages.
Rick Santorum would have pushed for a Christian version of Sharia law and banning contraception; Rick Perry told Mitt Romney to his face that vulture capitalism kills jobs.
Jon Huntsman regretted signing Grover Norquist's never-increase-government-revenue-by-taxing pledge and asked his fellow contenders if they had ever heard of science. Tim Pawlenty, Newt Gingrich, Donald Trump?
Your party is criminally dishonest, treasonous. Four years ago, they united - not to oppose Democratic proposals, but to oppose Democratic acceptance of their own proposals, and then called the President a divider rather than a uniter. 41 Senators and 200+ in Congress pledging allegiance to Grover Norquist rather than the People of the United States?
And you guys who have supported this - it was not a difference of opinion, it was abandoning your own critical thinking and reasoning. How did your "Tea Party" work out for you this year? No rallies, no Revolutionary War re-enactments - did you finally figure out how fake your "revolution" was?
This thread will probably wind down after a wave or two of screaming at us lefties, but I am pleased that the moderate Reagan Democrat defeated Mr. Waffle. I am pleased that the country is moving in the direction of expanding civil marriage and giving up on the charter school fiasco.
But more than anything, I am pleased that we are not going to raid the pension fund to pay for tax cuts for people who have enough money that they don't have to work another day in their life.
I'd like to say it was fun and that we made friends across the aisle, but - we didn't. Oh, I would refer Paul as a real estate agent and Gabriel as a poet / artist, but until the GOP and their followers give up this theology that Obama is a socialist and that global warming is a hoax, we are not friends.
I've been super busy, but still read the posts here. Hard to believe the election is finally at hand â€“ now watch for the Chicago Machine and its many thugs to shift into high gear!
I'd like to say "may the best man win" but the country is so divided that half of us will be unhappy regardless of the of the victor.
As for me, when I walk into the voting booth, I will not be undecided and it will not be a choice between two evils. It will be a choice for something potentially better. We deserve so much more as a nation and we must fight against accepting these economic conditions as the "new normal."
Like any other election, there are no guarantees that Romney would succeed in all things. But we do know about Obama's results. We live with them every day and they are NOT the change we hoped for.
So tiresome -- he has chosen to pout and scream about binders and tax returns while trying to sweep the Libya debacle under the carpet. And he STILL has offered no plan of his own for the next four years. The MSM has allowed him to get away with reckless mismanagement throughout his first term. It remains to be seen whether the voters will allow him a second chance.
I do think it is obvious now that a community organizer is not the best fit for President. Perhaps these particular times call out for a businessman who understands the fundamentals and has a record of motivating both sides to set and achieve goals.
Take care and enjoy the debate!
P.S. Poor Mack -- given his last post, he is clearly breaking from reality.
My waitress at lunch yesterday was wearing an 'I Love Obama' shirt. I asked her if she could explain Obama's wealth distribution plan to me. She said, 'It means he will tax the rich and give it to the poor , like me.' I said, 'No it means, well... let me show you. Here is your tip. You worked for it, but I'm going to take it from you and give it to that sweet old woman over there to help pay for her lunch.' I got up and walked over to the sweet lady and gave her the money and left. The waitress's jaw was still hanging when I left. How's that for sharing the wealth!"
I am not feeling the love, man. where the reciprocal thumbs up??
Medicare FICA witholding caps out at 109k per year per individual WAGE earner. Increase that to 500k wages or start FICA taxing investment income and social security and medicare funded forever! It is wrong that a guy making 2M a year is totally done paying for FICA in January for the whole year. AND that an investment portfolio income is taxed zero. Most people dont know the FICA cap amount since most dont get close to the 109k wage mark. I will admit it is nice for me to have my wife's paycheck bump up $50 every two weeks in July for the remainder of the year, but not needed or would be missed. Iif we get out of the idea that it is an entitlement and make it needs based, capping benefits to high income retirees to what they paid in plus interest.
That was then when a Democratic President had both the intelligence to work with the opposition party on behalf of a common cause PROSPERITY OF A NATION
What was Obama's excuse? Lack of patriotism? Lack of intelligence? Lack of desire to work with the opposition? Or was it because of douBlyah?
Pete asked this question over 2 years ago. So let me ask you are you better off today then 2 years ago? Bush has nothing to do with this. Obama is over his head. He should stay as a community organizer.....The US can not and will not stand another 4 years of him.
One last thought, since we have no other options at this time except for Romney, does anyone really think that OBAMA is a better business person than Romney?
To support one that inspires a nation to be unified and take on voluntarily any and all means to get our country back on the right track or to support a leadership that divides by force and serves the interest of a few at the cost of the majority.
"Banks need less regulation they say."
Carl.... why don't you take the time to meet and discuss the regulations with your local / regional bank and see what they have to say?
If it's anything like most regional banks... they now have more Attorney's on staff in the compliance department then they have helping people with Small Business Loans. I can certainly speak with experience in this department since my Mom used to be the VP of Commercial Lending for a Regional Bank before being forced into retirement. That bank spends more on Attorneys at $600 an hour then what she made per hour generating revenue.
That makes a lot of sense...
Why don't you look into starting your own shoe store and taking the time to evaluate everything to understand what you are up against?
That should give you a clue about what's really going on and you'll understand that's it a lot easier to sell shoes at Macy's then starting your own shoe shop ---- NO MATTER HOW good you are at selling shoes with your business plan.
And that's the sad reality of today's U.S. economy.
When I got out of college.. Working for the Government or a huge business was the choice of people who wanted a "safe" job with no potential of really "making" it.
Today --- It's the goal of College Graduates just to get a job that pays them enough to pay off their student loans they racked up.
Like I mentioned / asked not too long ago.... Name a Great Small business growing like Gangbusters with the current environment that started up in the past couple of years with little capital?
Good luck with that...
If you know people who hit that top 2%.... they did it pre-Obama/Reid/Pelosi Days.
I know a couple of people who did it in the 1990's / early 2000's... Some of them don't even have degrees. Just great ideas and able to implement them without having to hire on $600 an hour Attorneys to make their dreams come to fruition.
(And all without Government Help.)
Good luck doing that nowadays....
If it was only that easy Mack...
Time and Time again it's been shown that even if you erase the Bush Tax cuts, it's hardly going to make a difference in the Federal budget deficit.
I've Never, EVER said that there were easy solutions to the mess this Country is in. HOWEVER... I have said that the policies of the past four years were not going to help out ONE Bit when it comes a long term sustainable solution. Temporary solutions and when they were over, the same thing is just going to eventually pop right back up except that there is going to even more debt to deal with. (More debt, more money needed to JUST service the debt.)
A big mess was created because of a phony economy fueled by credit.... absolutely no doubt about that.
However, Keynesian Economic Policies just throwing money away at programs such as Tattoo Removal, Monkeys on Cocaine Studies, Promoting Tourism and numerous other liabilities with U.S. Taxpayer dollars is not a LONG TERM solution.
Has there been one program in the past four years that had a Return on Investment using Taxpayer dollars? Has there been anything equivalent to a Hoover Dam where the Return on Taxpayer Dollars invested was all paid back plus some? (Yes... Electricity users in my neck of the woods and everybody else in Southern Cal paid for Hoover Dam plus some and still going.)
NADA, ZERO, NOTHING...
There was a path that could have been taken several years ago.... but instead the easy path was taken for a temporary fix throwing good money away that provided no Sustainable long term solution.... all to the joy of savvy hedge fund manages who understand the Ebb and Flow of Capital.
So you want more Obamanomics?
Sorry Mack... Doing the same thing over and over expecting different results is indeed the definition of Insanity.
I prefer handing my money over to somebody who can evaluate Returns on Investment and choosing the Investment that responsibly yields the highest return.
Before you continue your "either you are with us or against us" party mission.... I would highly consider you think before you write such silly statements with nothing to back them up.
Two years ago.... I provided tons of links to support my statements of why things would not work.
Today.... I don't even have to do so.
(And you really thought that it's because of you chastising my links to relevant reading. Lots of laughing.)
Best wishes and keep it up.... This has obviously gotten very, very, very easy for me.
When you finished the long list please tell us why you doubt that he will loose the election?
Otherwise why be so stressed ?
Why worry so much about Romey? Let him worry about himself
I would work simply. What does the constitution say the govenmment need to do? SInce things like the the dept of education are not there they would be gone. The energy department is dysfunctional so it would be drastically cut back if not eliminated.
It is time to have the federal government do its prescribed job and let the states do their job without federal interference.
- Then our wonderful congress will face the task of doing or not doing something about it.
It's a sad state of affairs when the Supreme Court is more activist than Congress. By the way - does anybody else get the feeling that Roberts was thinking that RomneyCare was better for the insurance companies than Single Payer?
- This was the heritage foundation and william f buckley's position 25 years ago.
Yep. Appalling that the Democrats have been using every ounce of their muscle to get the Republicans to agree with themselves, when they could have used that energy for Single Payer.
- What is the greatest benefit of Socialism?
A better quality of life for more people?
Working smarter not harder (courtesy of Scrooge McDuck) is the secret to success.
Blindly following some financial advisors advice to buy something you do not completely understand is more likely to cause a loss than a gain. That was why I would not buy into those investments. I did not understand them wenough to know what I was getting into.
Many of the richest people in this country invented something that made them a lot of money. They invented the thing because they thought " there has to be a better way" and looked for it.
Awhile ago there was a contest with a big cash prize to develop a better oil cleaner for the water. Little guys in their garages came up with stuff much better than the prevelant tech of the day. Without the big prize they may never have invented the better solution.
You gotta look to Estonia.
"Instead of trying to "stimulate" the economy with money they didn't have, the Estonians cut back. Public-sector wages got a 10 percent cut. They're raising the retirement age slowly from 61 to 65 over the next 14 years. They reduced eligibility for government health benefits instead of broadening them. They're even working on cutting the income tax.
The result? Incredible economic growth. 7.6%! Their unemployment rate has dropped seven points from the recession high. Estonia's national debt is just six percent of GDP!
Estoniaâ€™s actually running a budget surplus - by one percent of their economy"
"How about a country that we're a little more familiar with? Like Switzerland. Their constitution boasts strong protections making it very difficult to run up debt or increase taxes. So total government spending is just 34 percent of GDP. We're at 41 percent. Look at what it means for debt. Their debt is only 41 percent of GDP, and shrinking. Unemployment? 3.1%. Wouldn't that be nice?"
Now with modern day examples of not having increased spending and greatly improving economies while this country spent like crazy and went into massive debt without any immprovement explain why the path we are on makes any sesne at all.
Funny you should bring all of this up Carl... considering Dimon is a Democrat.
Imprisonment for Banksters?
Yeah right.... Never going to happen when they have a license to Steal fully backed by Crony Capitalists.
Thanks for pointing this out. For some reason though, I have a feeling that you intended for your comment to bash something else then what it just bashed.
I do not recall Bush having pride in similar activitied to include them in a biography and then to read that in his own voice for an audio book do you?
Like hunting licenses for old people.
Imagine the thrill of riding in a helicopter over St Petersburg and shooting at codgers staggering around in walkers!
Americans are Free to bid on the licenses and the retirees are Free to shoot back.
This is what America is all about!
Mack, are you still on this one? Geez......
As far as the Ted Nugent thing, what he said was wrong. I'll call him out. Have any of the libs called out Bill Maher, the hater yet? Not a one that I can see. Just askin.
1 My other car maker belongs to Obama.
2 Obama Koolaid: 100% Fact Free.
3 If it ain't broke, Obama will fix it until it is.
4 Obama makes every day seem like Monday.
5 Obama just said "No" to drugs. They didn't listen.
6 Friends don't let friends vote Obama.
7 Obama supporters vote early and often.
8 If Obama is the answer, what was the question?
9 Obama ain't over 'til the First Lady sings.
10 The best argument against democracy is a five-minute conversation with the average Obama voter.
I hope I did not disappoint you John I know you are sensitive that way.
Good Night Sleep Tight don't let the bed bugs bite.
- Crony Capitalism and Hypocrisy --- Two words that are not in the vocabulary of the party before country crowd.
Hmmm. Which party would that be, Paul? The party of George Soros and Warren Buffett, or the party of the Koch Brothers?
There must be a word for accusing someone of what you are guilty of, that is the GOP in a nutshell. From ALEC to the energy industry to the U.S. Chamber of Commerce, the Republican Party is owned outright by "crony capitalists." Which party, again, voted AGAINST taking away a taxpayer-funded subsidy to the oil industry?
Hypocrisy? I suppose GOHP doesn't have the same flair, but the list is too long for a blog post. For mandated health insurance before they were against it, for cap-and-trade before they were against it, for personal liberties until they were against gay marriage, for separation of church and state before they were for "Good News" in classrooms - how do you explain John Boehner?
Class Warfare? You mean the greatest transfer of wealth in history over the past thirty years - from the 90% on the bottom to the 10% on the top?
- The U.S. government is growing increasingly more dependent on borrowing to finance itself,
Yes, there are twenty-five million under-employed people in this country. What will it take for the private sector to hire them at livable wages? What if, instead of giving $24 billion to oil companies, we gave that money to highway contractors or school teachers or police departments that have been laying off workers by the thousands?
Panic no? Gentle persuasion maybe.
Now imagine if three out of the four gas stations in your neighborhood would have a sign NO GAS.
How much would you pay for gas and not panic?
I just bought a golf cart for $1000 bucks travels forty miles on a charge . I take a short cut to work and with the lawn mower attachment it trims the grass in the neighborhood. They are thinking of making me mayor.