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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Tenchusatsu who wrote (458359)	2/21/2009 3:20:31 PM
From: steve harris	Read Replies (1) \| Respond to of 1573694

common sense isn't a liberal's strong point, you need some BS, MS, and PHDs before you'll be listened to.. "who you are"

To: Tenchusatsu who wrote (458359)	2/21/2009 4:18:38 PM
From: tejek	1 Recommendation Read Replies (1) \| Respond to of 1573694

This is why the GOP has so little credibility. ARE WE STILL STUCK IN OCTOBER?.... Watching conservatives talk about the economic crisis, the arguments start to have a certain "Groundhog Day" quality. On MSNBC, Pat Buchanan perpetuated the myth that government efforts to expand affordable housing to underserved communities caused the financial crisis, a charge that has frequently taken the form of attacks on the Community Reinvestment Act. In fact, as Fed chairman Ben Bernanke has stated: "Our own experience with CRA over more than 30 years and recent analysis of available data, including data on subprime loan performance, runs counter to the charge that CRA was at the root of, or otherwise contributed in any substantive way to, the current mortgage difficulties." Karl Rove blasted President Obama on Fannie and Freddie from 2005. Phil Gramm insisted he's not to blame, but CRA and Fannie/Freddie are. Last night, Bill O'Reilly blasted Rep. Barney Frank (D-Mass.) for "pumping it that poor people ought to be given mortgages 'cause everybody has a right to a house." All of these arguments, from just the past few days, are obviously wrong. But more importantly, these are the same arguments the same characters were making in October, when they were also debunked and proven baseless. When I saw Media Matters' item noting Pat Buchanan blaming "minority communities" for the financial crisis, I had to triple-check the date to make sure it wasn't a piece from last year. Didn't we already have this debate? Isn't it already clear that the conservative talking points were wrong in October, and haven't improved with age? I suspect most of these conservative media personalities know their arguments are wrong, but haven't quite come up with anything new yet. So, they recycle the old talking points, discredited though they may be. It's kind of sad, really.

To: Tenchusatsu who wrote (458359)	2/21/2009 4:27:03 PM
From: tejek	Read Replies (3) \| Respond to of 1573694

Ted, you're kidding me. A middle class family buys a home for over $1 million dollars, likely stretching their affordability beyond reason, and you want me to bail them out? Who told you they were middle class? She owned a successful furniture store. Her husband had a job that earned him hundreds of thousands of dollars per year. Again, that ain't middle class. And given the size of the home in S Cal, that was no middle class home. Secondly, did you note the size of their mortgage payment. Clearly they put a great deal of money down to reduce the payment to $6k per month. I am sure it was their second or third home and they were moving up as many people do. Man, I feel stupid. Maybe I should have bought a home and shelled out $6,400/month in mortgage payments. Then I can ask guys like you, Alghieri, and RW to "bail me out." Oh stop your indignant self righteousness. Like I said, you need to have life kick you hard in the rear. And did you bother to read the other stories in that article. They were people just like you.