Money for Idiots

[240 is Back]

Obama is doing what he said he would do.  bail out poor folks and stick the fork into rich people.  "They are who we thought they were" to quote some angry coach.

54% of Americans supported this cause, because at least 54% of them were broke.

Maybe the republicans can come up with a financial solution that at least 51% of Americans will agree with.  Sadly, it seems like Bush only hooked up the top 5 or 10%, and that wasn't enough to win an election.

[Soul Crusher]

There are many fraud cases that deserve to be put on the street who lied to the bank in order to induce them to write the loan in the first place.

Those people should be prosecuted for fraud along with the banks who knowingly passed on fraudulent loans to other banks.

[MCWAY]

You don't feel bad about a family of four who is on the verge of being thrown out of his home because both parents were laid off? Or some poor schmuck got into a mortgage without reading the fine print and now the payments have gone WAY up to where he can no longer afford the mortgage? You and "Cap" believe that these people should be thrown out on the street. I say no, this is America, and we help each other in times of economic crisis. In helping your neighbor get back on his feet, the bankers sit down and restructure the loan so that your neighbors can stay in their homes and, more importantly for you, YOUR home maintains its value by not being in a neighborhood blighted with foreclosed homes.

If you want to live in a country where those who "have" step on the "have nots" living in boxes on the side of the street as you stride off to your job...well, that's not the America I want to live in, and neither do most Americans. Most Americans support the President's plan, so I'm afraid you'll have to suck it up and swallow one for the team.

Yes, Americans help each other out in times of need. But, that because WE WANT TO DO SO, not because the government forces us to do so (hence the reason it's called CHARITY).

I know it's not Obama's intention to bail out irresponsible homeowners. But, separating the proverbial wheat from the chaff is easier said than done. It's the potential for abuse that concerns many Americans.

And, unfortunately, some of the "have nots" step on themselves, with foolish decisions, borrowing what they cannot repay and living beyond their means.

[Cap]

Responsible owners who were laid off should have some help, whether it's a tax cut to afford payments or allowing their loan to be spaced over a longer period of time.  People who bought with nothing down, leveraged against their homes to buy toys, or simply could not afford their home because they put nothing down do not deserve help; that is their own doing.  There is a difference between the two categories and I don't see how anyone can feel sorry for someone in the latter category. 

We are creating more debt for 2-3 generations (at least) to pay for to help people who were irresponsible.  Cut taxes, cut spending and let the market readjust and things should get better.  Don't raise taxes, give us pennies back (which I understand is taxable), and guarantee it will help.  I can shit in a box, slap guarantee on it, and sell it to you.  Same thing.

[Soul Crusher]

Look, many of us, myself included, did not enter the RE casino and acted prudently.

I am ready to buy a house as soon as the prices are at a market value based on reality. 

I will not buy a house yet because the GVT has not yet indicated which way things are going yet.

If my hunch is right, prices still have another 30 - 40% to go. 

Then I will jump in. 

[Dan-O]

Here is a truism (and I say this for the benefit of bleeding heart nutcases like Benny):  You can "redistribute the wealth" all you want according to your utopian delusions.  Guess what?  In a matter of time it will end up more or less right where it was to begin with.  You figure out why if you don't know the answer already.

[Soul Crusher]

Here is a truism (and I say this for the benefit of bleeding heart nutcases like Benny):  You can "redistribute the wealth" all you want according to your utopian delusions.  Guess what?  In a matter of time it will end up more or less right where it was to begin with.  You figure out why if you don't know the answer already.

Redistribution always fails because those that get free stuff always squander it.  Those who get their stuff redistributed no longer produce anything.

The end result is shared poverty and misery like in the USSR or communistic countries. 

[240 is Back]

Here is a truism (and I say this for the benefit of bleeding heart nutcases like Benny):  You can "redistribute the wealth" all you want according to your utopian delusions.  Guess what?  In a matter of time it will end up more or less right where it was to begin with.  You figure out why if you don't know the answer already.

it's a pendulum, baby.

repugs are going to snatch as much for the rich as possible, screwing the middle and poor.
libbies are gonna snatch as much for the poor, which grows the middle class.

The middle class decides elections.  when they're ballin or scared, they vote repub.  When fear fatigue or being broke sets in, they vote dem.

it's that simple.  EITHER party in charge for 20 straight years would destroy america.  Most people don't realize that.  they want THEIR team to win every time.  There's a reason it keeps going back and forth here.

[Hereford]

Here is a truism (and I say this for the benefit of bleeding heart nutcases like Benny):  You can "redistribute the wealth" all you want according to your utopian delusions.  Guess what?  In a matter of time it will end up more or less right where it was to begin with.  You figure out why if you don't know the answer already.

Yes, but when you 'redistribute the wealth' the money is forced to move around, and this movement of money is where the government can make taxes and fees and take their cut.

'Rich people' haveing money does little for the government, because they will invest it into stock market, business, whatever... The lower end of society will almost always spend every penny they have on discresionary consumer products (Plasma TVs, new cars, Red Lobster dinners, the GAP, etc.)

High mark-up items being purchased is what the gvt needs to get tax fundage.

[240 is Back]

The end result is shared poverty and misery like in the USSR or communistic countries. 

no, the end result is that 10% of poor folks become middle class, and they start voting republican

Steele, jindal, or some governor wins in 2016 becuase the ecnomy is healed.  Then, they spend 8 years giving tax cuts to teh wealthy and starting wars.... and a dem for change and hope wins in 2024.

Don't ya get it yet?  pendulum baby.

[Dan-O]

Yes, but when you 'redistribute the wealth' the money is forced to move around, and this movement of money is where the government can make taxes and fees and take their cut.

'Rich people' haveing money does little for the government, because they will invest it into stock market, business, whatever... The lower end of society will almost always spend every penny they have on discresionary consumer products (Plasma TVs, new cars, Red Lobster dinners, the GAP, etc.)

High mark-up items being purchased is what the gvt needs to get tax fundage.

That is a valid point.  When you redistribute the wealth, the gov't wins.

[Hereford]

it's a pendulum, baby.

repugs are going to snatch as much for the rich as possible, screwing the middle and poor.
libbies are gonna snatch as much for the poor, which grows the middle class.

The middle class decides elections.  when they're ballin or scared, they vote repub.  When fear fatigue or being broke sets in, they vote dem.

it's that simple.  EITHER party in charge for 20 straight years would destroy america.  Most people don't realize that.  they want THEIR team to win every time.  There's a reason it keeps going back and forth here.

Yes, because giving to poor people makes them middle class  

Giving $$$ to a poor person makes nothing other than a poor person with a new tv.

[Soul Crusher]

The reality is that many people are poor due to their own fault and refusal to make good decisions.  I dont feel bad for lazy people who refuse to work, stay sober, or clean themselves up. 

Tough for them.

[240 is Back]

Yes, because giving to poor people makes them middle class  

Giving $$$ to a poor person makes nothing other than a poor person with a new tv.

I gotta disagree.

Where is obama's money going?  Schools, Pell grants, jobs for people that don't have them.

Right now, I'm defending Obama's positions because I see a lot of family and friends that are BROKE.  Now, if they get some of the 206,000 jobs that obama is brining to FL, then money won't be their primary concern anymore.  And they won't be blindly voting for anything called anti-republican.

I didn't say "giving $ to poor ppl makes them middle class".  I'm saying that giving them jobs, student loans, and creating an environment where they're more likely to succeed means they at a % of them WILL get out of the broke ass lifestyle (to say NON will is ignorant, please don't be ignorant - of course you'll always have 80% of the welfare asshole still being lazy - but that 5 or 10% that does improve will make the difference).

They'll finish college and start businesses during the 8 years that obama's in office.  THEN they'll feel the pain of his tax policies, and they'll vote republican.


look at history.  Everyone broke in 1991, and Clinton won.  He restored middle class, who voted in Bush because they loved his tax plan, right?  

Now, it's 2008, everyone's broke again, and they vote in Clinton Part deux.  Economy will get better, and they'll vote repub in 4 or 8 years when they're on top and tired of paying taxes for the shrinking poor class.

[240 is Back]

The reality is that many people are poor due to their own fault and refusal to make good decisions.  I dont feel bad for lazy people who refuse to work, stay sober, or clean themselves up. 

Tough for them.

of course.  those 80% of the poor will always be pieces of shit who don't contriubute

BUT

the 20% of poor people who DO use obama's opportunities to improve their lives will be voting Repub in 4 or 8 years.  That's my point.  I'm not defending lazy shit.  I'm saying obama won because the repubs got greedy, and a repub will win in 8 years because obama will get greedy.

[Cap]

Yes, because giving to poor people makes them middle class  

Giving $$$ to a poor person makes nothing other than a poor person with a new tv.

QFT.

Ever see the movie "Barbershop"?  They said all reparations would do is make Cadillac the best selling car company in the nation.  The same thing applies to these and other handouts that Obama wants.  

It's wasteful spending of tax dollars to people who should be working.

As for jobs, Obama first said he is going to create 4 mil, then create or save 4 mil, then create or save 3 mil, and so on.  How do you measure what jobs are created or saved?  Why is it that illegal Mexicans will work at McD's to earn a living and American citizens sit on welfare waiting for Uncle Barry to give them their check?

[Dan-O]

of course.  those 80% of the poor will always be pieces of shit who don't contriubute

BUT

the 20% of poor people who DO use obama's opportunities to improve their lives will be voting Repub in 4 or 8 years.  That's my point.  I'm not defending lazy shit.  I'm saying obama won because the repubs got greedy, and a repub will win in 8 years because obama will get greedy.

Where are you getting your 80/20 figures from?  Get real, don't kid yourself.  It's more like 99/1.  And Obama's "shotgun approach" is a pretty damned expensive way to give that 1% a "leg up."

It's a colossal waste of money is what it is.  As history will show.

[240 is Back]

Where are you getting your 80/20 figures from?  Get real, don't kid yourself.  It's more like 99/1.  And Obama's "shotgun approach" is a pretty damned expensive way to give that 1% a "leg up."

It's a colossal waste of money is what it is.  As history will show.

Okay.  You believe that 99% of the people offered jobs, college, and health insurance benefits from Obama will not improve their situation.

I believe the number is higher.

[MCWAY]

Heck, for some illegal aliens, McDonalds is a STEP UP, from the jobs they're willing to do.

[Hereford]

I didn't say "giving $ to poor ppl makes them middle class". 

yes, you did.

libbies are gonna snatch as much for the poor, which grows the middle class.

Tell your family and friends to conduct a little personal finance and learn to save for a rainy day. They they wouldn't be broke and have to vote lib.

[240 is Back]

Tell your family and friends to conduct a little personal finance and learn to save for a rainy day. They they wouldn't be broke and have to vote lib.

your closemindedness is exactly why Obama got 54% of the vote.  keep it up.  he'll get 60% next time.

[Soul Crusher]

your closemindedness is exactly why Obama got 54% of the vote.  keep it up.  he'll get 60% next time.

Spoken like a true liberal.

I hope Obama uses that line in 2012. 

Idiocy, lunacy, and bankruptcy are the hallmarks of the typical Obama voter.

[Cap]

As far as I'm concerned, McDonald's and Taco Bell are always hiring people with little or no education.  These people who voted for Obama, many of whom have little education, should start there and get off welfare.  They are waiting for a magic job that they are not qualified to do.  I really wonder how many jobs Barry is going to create out of thin air.  His support of billions in welfare will not provide relief from our current plight and will keep the poor poor, like other Democrats. 

What jobs are these people going to be qualified for?

[Hereford]

As far as I'm concerned, McDonald's and Taco Bell are always hiring people with little or no education.  These people who voted for Obama, many of whom have little education, should start there and get off welfare.  They are waiting for a magic job that they are not qualified to do.  I really wonder how many jobs Barry is going to create out of thin air.  His support of billions in welfare will not provide relief from our current plight and will keep the poor poor, like other Democrats. 

What jobs are these people going to be qualified for?

There jobs are:

1. Walking to the mailbox and getting an envelope with "US Treasury" written on it.
2. Taking the contents of that envelope to the bank

[240 is Back]

There jobs are:

1. Walking to the mailbox and getting an envelope with "US Treasury" written on it.
2. Taking the contents of that envelope to the bank Money Corner

Obama voters dont have bank accounts dude