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Thread: Foreclosures Rise, Repossessions Set Record

  1. #11
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    Re: Foreclosures Rise, Repossessions Set Record

    Quote Originally Posted by Jetboogieman View Post
    You know that is the funny thing about their argument sometimes.

    It's like, Government shouldn't do anything.

    And if Obama hadn't of done anything, I.E. No stimulus etc. and things were worse, you can bet they'd be hammering him for it.

    The classic tax cut/spending isn't gonna work this time. We're in such a big hole it's scary. And it's all our faults. We built a society on nothing but thin air (credit)
    The partisan bull**** part of your post aside, the last sentence is the single greatest threat to the US economy and has been for 40 years now. We have destroyed our industrial base. We have failed to keep up with autmoation and education. We have created unrealistic labor benefit packages. Both labor and management have created an environment for US jobs to be shipped to other places for cheap labor. We have transitioned from an industrial based economy to a service based economy and it is biting us in the ass bigtime...especially in light of the fact that most service based jobs are relatively low paying low skilled jobs. Hell, entire video store and book chains are being replaced by a red box and online book purchases.

    And in the meantime...US citizens cling to their partisan bickering as if it ****ing matters. Oh...it would be easy to blame republicans...or democrats...or the rich...but the people to blame are the people that put them in power and keep them in power.

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    Re: Foreclosures Rise, Repossessions Set Record

    Quote Originally Posted by VanceMack View Post
    The partisan bull**** part of your post aside, the last sentence is the single greatest threat to the US economy and has been for 40 years now. We have destroyed our industrial base. We have failed to keep up with autmoation and education. We have created unrealistic labor benefit packages. Both labor and management have created an environment for US jobs to be shipped to other places for cheap labor. We have transitioned from an industrial based economy to a service based economy and it is biting us in the ass bigtime...especially in light of the fact that most service based jobs are relatively low paying low skilled jobs. Hell, entire video store and book chains are being replaced by a red box and online book purchases.

    And in the meantime...US citizens cling to their partisan bickering as if it ****ing matters. Oh...it would be easy to blame republicans...or democrats...or the rich...but the people to blame are the people that put them in power and keep them in power.
    You know, you should call yourself Vancerant...

    What Partisan Bull****?

    What was partisan about what I said?

    I'm merely stating that Obama was ****ed if he did, and ****ed if he didn't, doesn't matter to most conservatives, they won't like him no matter what he does.

    I agree with your first paragraph completely, we're ****ed.

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    Re: Foreclosures Rise, Repossessions Set Record

    Quote Originally Posted by Jetboogieman View Post
    You know that is the funny thing about their argument sometimes.

    It's like, Government shouldn't do anything.

    And if Obama hadn't of done anything, I.E. No stimulus etc. and things were worse, you can bet they'd be hammering him for it.

    The classic tax cut/spending isn't gonna work this time. We're in such a big hole it's scary. And it's all our faults. We built a society on nothing but thin air (credit)
    You mention in the last paragraph that there is nothing we can do. We need to fix our economy structurally. So why do you start by infreeing that the stimulus was a good thing. All it did was push out the problem a bit.

    No politician is willing to tell the American people the truth. We need structural changes which will be neither painless not quick.

    The reason this administration is in such a problem is that they overpromised and underdelevered. I actually thought that Obama was going to lay out the truth and then lay out a long term solution.

    That would have really made him a transformative president.

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    Re: Foreclosures Rise, Repossessions Set Record

    Quote Originally Posted by washunut View Post
    You mention in the last paragraph that there is nothing we can do. We need to fix our economy structurally. So why do you start by infreeing that the stimulus was a good thing. All it did was push out the problem a bit.

    No politician is willing to tell the American people the truth. We need structural changes which will be neither painless not quick.

    The reason this administration is in such a problem is that they overpromised and underdelevered. I actually thought that Obama was going to lay out the truth and then lay out a long term solution.

    That would have really made him a transformative president.
    I never said the stimilus was a good or bad thing.

    We can sit here for years and debate if it worked or not to keep things from going too overboard, but it didn't work as well as Obama had predicted it would.

    That's not what people wanna hear wash. The mindset of the world has changed, thing go fast. We want it now. Information, food, entertainment etc. WE WANT IT NOW!

    We don't wanna hear that we'll have to change our ways, or do something difficult to fix the economy, we don't wanna hear it. We want quick fixes and WE WANT IT NOW!


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    Re: Foreclosures Rise, Repossessions Set Record

    The idea is to give short term relief while working on those structural problems. I won't argue any politician has done the hard things, or will anytime soon, but having a long term plan, as we should, would not rule out a short term relief effort.

    AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.

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    Re: Foreclosures Rise, Repossessions Set Record

    Quote Originally Posted by Jetboogieman View Post
    You know, you should call yourself Vancerant...

    What Partisan Bull****?

    What was partisan about what I said?

    I'm merely stating that Obama was ****ed if he did, and ****ed if he didn't, doesn't matter to most conservatives, they won't like him no matter what he does.

    I agree with your first paragraph completely, we're ****ed.
    Oh...I dont know...THIS part...

    "You know that is the funny thing about their argument sometimes.
    It's like, Government shouldn't do anything.
    And if Obama hadn't of done anything, I.E. No stimulus etc. and things were worse, you can bet they'd be hammering him for it.
    The classic tax cut/spending isn't gonna work this time"

    Every part of what you posted except the last line is 'us vs them'. Its bull**** partisan rhetoric. 'Conservatives' dont want the government to do NOTHING...they want the government to do their job RESPONSIBLY. And in case you have missed it...there is a HUGE number of them that have decided top STAND by that value...even if it costs the REPUBLICAN PARTY an election and congressional majority.

    So sorry that pointing out the blatant facts comes across as a 'rant'. Sometimes responding to smarmy partisan comments and pointing out the blatantly obvious stings a bit.

    'Conservatives' have left the republican party because of their lack of fiscal responsibility. Conservatives see republicans AND democrats as being responsible for our 14 trillion dollar economic hole and our near 10% current and 18% actual unemployment.

    End rant.

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    Re: Foreclosures Rise, Repossessions Set Record

    Quote Originally Posted by Boo Radley View Post
    The idea is to give short term relief while working on those structural problems. I won't argue any politician has done the hard things, or will anytime soon, but having a long term plan, as we should, would not rule out a short term relief effort.
    Short term action and long term planning are not mutually exclusive. The problem is where there is no coherent thoughts out of Obama as to a long term plan. The structural problems existed well before he ran for presdent. So by now we should expect something which we have not gotten. To me that is the great failure in his leadership.

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    Re: Foreclosures Rise, Repossessions Set Record

    Quote Originally Posted by washunut View Post
    Short term action and long term planning are not mutually exclusive. The problem is where there is no coherent thoughts out of Obama as to a long term plan. The structural problems existed well before he ran for presdent. So by now we should expect something which we have not gotten. To me that is the great failure in his leadership.
    I don't completely disagree with you. While I do remember a long term plan mentioned once, and i'm not going to look it up, he certainly hasn't pushed any long term solutions. He may have reasons for that, but leadership is about, well, . . . leading.

    AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.

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    Re: Foreclosures Rise, Repossessions Set Record

    Quote Originally Posted by Boo Radley View Post
    I don't completely disagree with you. While I do remember a long term plan mentioned once, and i'm not going to look it up, he certainly hasn't pushed any long term solutions. He may have reasons for that, but leadership is about, well, . . . leading.
    I also think he did start out laying the groundwork for us moving from a consumption society. His political advisors probably told him it was too risky. I seem to also remember that during the HC debate he talked about choosing between the blue or pink pill. Meaning generic or the brand name. He was correct, but the opposition started killed him on rationing so he threw in the towel.

    You are right, leadership sort of means leading.

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    Re: Foreclosures Rise, Repossessions Set Record

    Quote Originally Posted by Jetboogieman View Post
    You know, you should call yourself Vancerant...

    What Partisan Bull****?

    What was partisan about what I said?

    I'm merely stating that Obama was ****ed if he did, and ****ed if he didn't, doesn't matter to most conservatives, they won't like him no matter what he does.

    I agree with your first paragraph completely, we're ****ed.
    I do not agree that we are ****ed.

    The housing sector built up excess inventory for years, and it will take some time before inventories begin to fall. However, it does look like we are at or approaching a bottom:News Headlines

    Groundbreaking for new U.S. homes jumped in August to a four-month high, a tentative sign of stability in the housing market after steep declines brought by the end of a homebuyer tax credit......

    Housing starts rose 10.5 percent, the largest increase since November, to an annual rate of 598,000 units, the Commerce Department said. Financial markets had looked for a rise to just a 550,000-unit rate.
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

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