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Thread: Obama announces his Candidacy for 2012.

  1. #671
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    Re: Obama announces his Candidacy for 2012.

    Quote Originally Posted by Grant View Post
    That's an interesting idea.

    Because the Democrats are so dishonest and incompetent, and of course hypocritical liars, it is the fault of the Republicans for not getting them under control and removing them from any serious responsibilities. I tend to agree, and perhaps the voters in the next election will also.
    What does any of that have to do with what I posted? All I asked was how are Democrats at fault for the Republican Party's inability to get any reform bills out of even committee when they had majorities in both chambers.

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    Re: Obama announces his Candidacy for 2012.

    Quote Originally Posted by rocket88 View Post
    Actually the idea that large scale homeownership is ideal was an idea championed by none other than Jack Kemp (former Republican congressman, HUD Secretary under George H. Bush, and VP candidate in '96). The low interest rates that made it possible were a continuation of the Fed policy begun under the Reagan administration to keep interest rates low to avoid inflation.

    As the Democratic Party moved to the right in the 90s, they espoused these ideas as well, but the genesis was in the Republican Party.
    Need to go back further than that, Jimmy Carter implemented the Community Reinvestment Act in the last 70's. That was the beginning of the low interest home loans

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    Re: Obama announces his Candidacy for 2012.

    Quote Originally Posted by Conservative View Post
    Need to go back further than that, Jimmy Carter implemented the Community Reinvestment Act in the last 70's. That was the beginning of the low interest home loans
    Still throws water on your party that this is only Democrats. Unless Jack Kemp was a raging lefty.

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    Re: Obama announces his Candidacy for 2012.

    Quote Originally Posted by Conservative View Post

    Need to go back further than that, Jimmy Carter implemented the Community Reinvestment Act in the last 70's. That was the beginning of the low interest home loans
    Carter was at fault for low interest home loans??How can that be? You said:

    "Ask your parents how they liked paying 17+% interest rates on their home and high credit card rates? If only Jimmy Carter would have been re-elected." ~ Conservative

    I like how you blame Carter for the highest interest rates and the lowest.

    I also look forward to your kvetching that I'm off-topic by discussing Carter.

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    Re: Obama announces his Candidacy for 2012.

    Quote Originally Posted by Conservative View Post
    Need to go back further than that, Jimmy Carter implemented the Community Reinvestment Act in the last 70's. That was the beginning of the low interest home loans
    Zero-down mortgage initiative by Bush is hit - The Boston Globe

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    Re: Obama announces his Candidacy for 2012.


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    Re: Obama announces his Candidacy for 2012.

    Quote Originally Posted by rocket88 View Post
    Still throws water on your party that this is only Democrats. Unless Jack Kemp was a raging lefty.
    Do you really believe that either party supported giving loans to people that didn't have the ability to pay them back? That is foolish although Democrats wanted the constituent group since liberals claim that Republicans are the party of big business and the rich.

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    Re: Obama announces his Candidacy for 2012.

    Quote Originally Posted by pbrauer View Post
    A very worthy goal. You have a problem with that?

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    Re: Obama announces his Candidacy for 2012.

    Oh, my...
    President Bush's weekend campaign promise that he will push legislation allowing for no money down on some federally insured mortgages could cost taxpayers as much as $500 million over four years because of a higher rate of defaults, according to the Congressional Budget Office.

    The election-year idea may appeal to those who can't save as fast as home prices are rising. But some financial planners warn that increasingly common no- and low-down-payment programs can be ruinous for some consumers -- especially if home values decline.

    If housing prices fall, consumers with little or no money of their own invested in the home are more vulnerable to ending up with mortgages larger than the value of the house.

    And those who can't afford large down payments usually don't have enough savings to serve as a cushion if someone in the household gets sick or is laid off.
    And that was before the election, yet Conservative voted to give Bush another 4 years; which Bush used to wreck the economy with his homeownership plan. Those are the results Conservative voted for.

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    Re: Obama announces his Candidacy for 2012.

    Quote Originally Posted by pbrauer View Post
    He's too busy blaming Carter because everyone associates Carter with LOW interest rates.

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