Comments on: Obama Unveils $75B Mortgage Relief Plan

Initiative Aims To Help Borrowers Refinance And Prevent Millions Of Americans From Losing Their Homes

[obamachavez]

Any more of you wingnuts and Limbough economists care to guess what would happen if we allowed 9 million more homes to slide into forclosure?


Hmmmmmm?


Anyone?



lol!




Posted by CaribouBarbi at 07:30 PM : Feb 18, 2009
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There would be 9 million less irresponsible Americans to spend more than they earn.

[cariboubarbi]

Any more of you wingnuts and Limbough economists care to guess what would happen if we allowed 9 million more homes to slide into forclosure?


Hmmmmmm?


Anyone?


lol!

[erasmus606]

Are the censors taking the day off or something???

Posted by rm090213 at 06:51 PM : Feb 18, 2009

I think they get off at 6:00.

[willnotyield]

it is easier for camel to pass through the eye of a needle than for a rich man to enter the gates of heaven

Posted by c0nsc10u5_1 at 06:40 PM : Feb 18, 2009

While that is true he also said give to caesar what is caesars''
The only things that belong to us... are the things that we create.

The government (Ceasar) did not create my hard work... the government (Ceasar) did not create my means of work... the government (Ceasar) did not create me.

My money is a product of my creations... it belongs it me and no one else. If I choose to better society by providing my money for the advancement of the country I live in... that is my choice.

Christianity teaches us that we have the power of choice. God gave us free will.
The government teaches us that they make the choice for us

[c0nsc10u5_1]

There are more aspects to socialism other than just spreading the wealth. In fact, one of the functions of socialism is gov''t/public ownership of all aspects of society, everything belongs to everyone. Everybody cries that Obama is a socialist, when it was Bush who nationalized the banks by trading company stock (which carries with it an ownership value of a company)in return for some of that TARP money.

Unfortunately, people only look cry socialism when the wealth is spread to help the poor. Aren''t most Republicans "God fearing evangelical Christians"? Didn''t Jesus teach his followers to be generous to the poor and that it is easier for camel to pass through the eye of a needle than for a rich man to enter the gates of heaven (or somethin like that)? Where are these teachings now, when we need them the most?

[willnotyield]

The American Dream is the freedom that allows all citizens and most residents[1] of the United States to pursue their goals in life through hard work and free choice. (Wikipedia)

"The American Dream is being tested by a home mortgage crisis that not only threatens the stability of our economy but also the stability of families and neighborhoods." (Obama)

This mortgage crisis was brought about people making poor choices using the american dream. If the dream failed for them then they either didn''t know how it works or were unwilling or to over zeolous in their search for it. They should pay the consequences not me. I paid my house off 4 years ago thru hard work and paying my debts. I don''t make a lot of money but I still did it. Why should I pay for their bad choices?

[c0nsc10u5_1]

sounds like he''''s making the right decisions necessary to resolve the housing crisis. its unfortunate that this crisis is bigger than the mortgage industry, so the resolution can not & will not be found in the housing market alone.

we need to restructure our entire credit system. due to the rampant gov''''t spending/borrwoing over the past 8yrs along with the TARP and stimulus bills, the credit bubble will eventually burst. This will leave states and soon the U.S. gov''''t bankrupt.

This bubble has already begun to reach its maximum threshold with the banking industry pretty much folding over altogether as a result of consumer debt, which is ok as long as the gov''''t can loan the banks money. But, what happens when the fed stops lending the U.S. gov''''t money once our national debt rises to a point where it becomes risky for them to loan our nation the dollars it prints? POP!!!! Our dollar currency will be worthless and every citizen will enventually live in poverty, and then the only resolution will be to merge our currencies with the rest of the Americas.

[caligulaavg]

I also note that despite having a VA hellcare system that is broken virtually beyond repair, and veterans disability benefits that have effectively dropped in value by approximately 40% since the end of World War II, that we are spending the money on people who take all that for granted and whose concerned, by and large, are what ELSE can they get from the government.

Instead we should be restoring VA disability benefits to what they were before every DNC sponsored President began cutting benefits as a peace dividend. When are these fools going take a political science class and realize that there have only been a handful of decades in human history where the world was REALLY "at peace", and most of those happened after a time of great death (the plague v the Crusades, to the Spanish Flu pandemic of 1918/19 v World War I. Aside from that the human race has almost constantly been at war in one part of the world or the other since the dawn of time. Given US strategic interests and global reach, that means there IS no peace dividend, and the pittance we spend on national defense, as compared to it being the primary function of Federal Government (at least one of the few primary functions it even gives a nod to anymore) is NOTHING compared to the entitlement programs we have created to give cash to people who do DUMB things.

Obviously Darwin is not well read at the DNC.

[caligulaavg]

Governance under principles espoused by the DNC would seem to require the rewarding of sloth, the subsidy of the unproductive, and the encouragement of those who fail to manage their assets correctly.

Nice to know nothing has changed.

[tomanyt]

Why does the government have to step into this??? Why can''t the banks just refinance all these sub-prime loans on their own???? After all, they are the ones who caused this problem to beginwith.