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Thread: An August Surprise from Obama?

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    An August Surprise from Obama?

    Main Street may be about to get its own gigantic bailout. Rumors are running wild from Washington to Wall Street that the Obama administration is about to order government-controlled lenders Fannie Mae and Freddie Mac to forgive a portion of the mortgage debt of millions of Americans who owe more than what their homes are worth. An estimated 15 million U.S. mortgages – one in five – are underwater with negative equity of some $800 billion. Recall that on Christmas Eve 2009, the Treasury Department waived a $400 billion limit on financial assistance to Fannie and Freddie, pledging unlimited help. The actual vehicle for the bailout could be the Bush-era Home Affordable Refinance Program, or HARP, a sister program to Obama’s loan modification effort. HARP was just extended through June 30, 2011.

    The move, if it happens, would be a stunning political and economic bombshell less than 100 days before a midterm election in which Democrats are currently expected to suffer massive, if not historic losses. The key date to watch is August 17 when the Treasury Department holds a much-hyped meeting on the future of Fannie and Freddie.
    An August Surprise from Obama? | Analysis & Opinion |

    But the real key part of this bribe for votes?

    . Many in the White House thought the unemployment rate would be dropping sharply by this point in the recovery.

    But that is not happening. What is happening is that the president’s approval ratings are continuing to erode, as are Democratic election polls. Democrats are in real danger of losing the House and almost losing the Senate. The mortgage Hail Mary would be a last-gasp effort to prevent this from happening and to save the Obama agenda. The political calculation is that the number of grateful Americans would be greater than those offended that they — and their children and their grandchildren — would be paying for someone else’s mortgage woes.
    Obama's contemplating using the Federal Gov't to bribe voters to keep Dem's in power, the ultimate slushfund! (Yes, I'm aware both parties have done this to one extent or another for decades however, scale is what is important here people. Scale and the damage this could do).
    Climate, changes. It takes a particularly uneducated population to buy into the idea that it's their fault climate is changing and further political solutions can fix it.



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    Re: An August Surprise from Obama?

    Quote Originally Posted by MrVicchio View Post
    An August Surprise from Obama? | Analysis & Opinion |

    But the real key part of this bribe for votes?

    Obama's contemplating using the Federal Gov't to bribe voters to keep Dem's in power, the ultimate slushfund! (Yes, I'm aware both parties have done this to one extent or another for decades however, scale is what is important here people. Scale and the damage this could do).
    If this is intended to be a bribe for votes, I doubt if it will work. It will anger as many people as it helps. The ones that help won't necessarily rush to polls and vote, but the ones who see it as a ridiculous reward will most certainly rush to the polls. The rabble-roused, in general, are more opt to vote "against" than the mollified are motivated to vote "for."

    About the program itself? I just can't believe it. Outrageous. We already have a program in place to help people who are under water. ENUF already.
    The devil whispered in my ear, "You cannot withstand the storm." I whispered back, "I am ​the storm."

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    Re: An August Surprise from Obama?

    Quote Originally Posted by MrVicchio View Post
    An August Surprise from Obama? | Analysis & Opinion |

    But the real key part of this bribe for votes?



    Obama's contemplating using the Federal Gov't to bribe voters to keep Dem's in power, the ultimate slushfund! (Yes, I'm aware both parties have done this to one extent or another for decades however, scale is what is important here people. Scale and the damage this could do).
    i have to think about this one.

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    Re: An August Surprise from Obama?

    Quote Originally Posted by MrVicchio View Post
    An August Surprise from Obama? | Analysis & Opinion |

    But the real key part of this bribe for votes?



    Obama's contemplating using the Federal Gov't to bribe voters to keep Dem's in power, the ultimate slushfund! (Yes, I'm aware both parties have done this to one extent or another for decades however, scale is what is important here people. Scale and the damage this could do).
    I can see them talking about it but I doubt it will work or be carried out. Not enough cache in swinging voters. I think we will be far more likely to see them granting amnesty and voting rights to illegals and federally mandating restoring voting rights to felons.

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    Re: An August Surprise from Obama?

    Quote Originally Posted by VanceMack View Post
    I can see them talking about it but I doubt it will work or be carried out. Not enough cache in swinging voters. I think we will be far more likely to see them granting amnesty and voting rights to illegals and federally mandating restoring voting rights to felons.
    why shouldn't felons who have served their time be able to vote?

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    Re: An August Surprise from Obama?

    Damn, when I saw the words "August surprise", I thought Obama would be doing the antler dance, naked on the White House lawn. That would have been a surprise. This thread did not live up to it's billing.
    The ghost of Jack Kevorkian for President's Physician: 2016

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    Re: An August Surprise from Obama?

    Quote Originally Posted by liblady View Post
    why shouldn't felons who have served their time be able to vote?
    Oh...I dont know...something about a natural consequence of violating societies laws-losing voting rights and firearm ownership. Not my law really...but...something the states seem to feel strongly about...

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    Re: An August Surprise from Obama?

    Quote Originally Posted by danarhea View Post
    Damn, when I saw the words "August surprise", I thought Obama would be doing the antler dance, naked on the White House lawn. That would have been a surprise. This thread did not live up to it's billing.
    that might happen in 2012 with his approval ratings in the 20's...right now he's not THAT invested in things...its not his election on the line...

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    Re: An August Surprise from Obama?

    Quote Originally Posted by liblady View Post
    why shouldn't felons who have served their time be able to vote?
    Depends on which State they are in...

    State Felon Voting Laws - Felon Voting - ProCon.org
    There is no such thing as a “Natural Born Dual-Citizen“.

    Originally Posted by PogueMoran
    I didnt have to read the article to tell you that you cant read.

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    Re: An August Surprise from Obama?

    Quote Originally Posted by liblady View Post
    why shouldn't felons who have served their time be able to vote?
    Don't commit felonies. Sorry I support not giving voting rights to convicted felons. Call it added deterrence not to commit crimes.
    Climate, changes. It takes a particularly uneducated population to buy into the idea that it's their fault climate is changing and further political solutions can fix it.



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