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Was A Big Deal Ever Possible?

Was it Ever?


  • Total voters
    28
There are proper reasons for wanting more Americans to become homeowners.
Want whatever you like, but it's wrong to use government to try and acheive such a goal. Hint, that's why it backfired in every important way.
 
We agree it si not a party specific problem, and that there is little to no difference between the parties. However, I think you put too much, and I would call it partisan, emphasis on Frank. There are proper reasons for wanting more Americans to become homeowners.

I would love for the blind to see also.

We completely tossed aside standards that have been in place for decades. Look, I have no problem with wanting to see more people put into houses. My first house was bought through FHA. Frank knew things were out of control though. We had commissions and hearings on the mess long before the collapse. Frank stood up and insisted that all is well. So one of two things happened there. He is either incompetant or he simply didn't care.

Now, Bush had to know all of this also. He had to. He was too busy in the middle east and making sure that was financed to care about this problem at home. No this does not all fall on the shoulders of Frank but he was the face of the program. We then allowed him and Dodd (who was as responsible) to write the legislation that was supposed to fix these problems (they have done nothing of the sort).

Bush and Dodd are gone.
 
I would love for the blind to see also.

We completely tossed aside standards that have been in place for decades. Look, I have no problem with wanting to see more people put into houses. My first house was bought through FHA. Frank knew things were out of control though. We had commissions and hearings on the mess long before the collapse. Frank stood up and insisted that all is well. So one of two things happened there. He is either incompetant or he simply didn't care.

Now, Bush had to know all of this also. He had to. He was too busy in the middle east and making sure that was financed to care about this problem at home. No this does not all fall on the shoulders of Frank but he was the face of the program. We then allowed him and Dodd (who was as responsible) to write the legislation that was supposed to fix these problems (they have done nothing of the sort).

Bush and Dodd are gone.

I'm not excusing Frank for his insistance. It is more your view of his motives.

Nor was this the whole of the problem. There were many giving subprime mortages that were not associated with the government. :eek:ok around you, many have found away to take advantage of the poor, lower income people with poor credit. Putting the full blame ona government program is a mistake.
 
Want whatever you like, but it's wrong to use government to try and acheive such a goal. Hint, that's why it backfired in every important way.

They didn't have to, there were plenty of subprime lenders outside the government.
 
I'm not excusing Frank for his insistance. It is more your view of his motives.

I don't doubt that some of his motives were good. So were Bush's IMO with the war in Iraq but both allowed that to get away from them. They allowed things to try and keep the lid on that are unexcusable.

Nor was this the whole of the problem. There were many giving subprime mortages that were not associated with the government. :eek:ok around you, many have found away to take advantage of the poor, lower income people with poor credit. Putting the full blame ona government program is a mistake.

I don't blame one government program. What have we been talking about the last day? G.S. fraud and why we are not doing anything about it. But that does come back to the governments failure in enforcing their own laws.
 
Why not blame the big finance banks, like Goldman, in addition to the fed (formerly Greenspan) then, since you noted they were a big part of the issue? You have to blame them first, then seek to get backing by one or both political parties on the issue. If you simply blame both political parties, that makes neither have to change any behavior, since it becomes a moot point.

I mean that to us all, not so much you...beause you're right about some of the causes, but we all screw up when it comes to how to fix it (including government).

It should make both have to change. It is important to understand the all problems and not simply choose a political side.
 
They didn't have to, there were plenty of subprime lenders outside the government.

That would not have been there if they were forced to hold these loans.
 
I don't doubt that some of his motives were good. So were Bush's IMO with the war in Iraq but both allowed that to get away from them. They allowed things to try and keep the lid on that are unexcusable.


Good? Not sure I can either's were good. I simple say there are valid reasons for wanting more home ownership (think It's Wonderful Life).

I don't blame one government program. What have we been talking about the last day? G.S. fraud and why we are not doing anything about it. But that does come back to the governments failure in enforcing their own laws.

I think when we started you singled out F&F as the culprits, But I see us closer than being far apart.
 
I think when we started you singled out F&F as the culprits, But I see us closer than being far apart.

I'm not sure what I said but you can't generally take one statement out of full context and come to a conclusion. I still can not figure out why we are not insisting that the government force these bad loans back onto G.S.
 
I'm not sure what I said but you can't generally take one statement out of full context and come to a conclusion. I still can not figure out why we are not insisting that the government force these bad loans back onto G.S.

My best guess, is as noted, they have too many on government with ties to these companies.
 
Our agreeing must have killed this topic. I guess agreeing on something isn't good for business.
 
Our agreeing must have killed this topic. I guess agreeing on something isn't good for business.

Seldom is. Look at our political entertainers. They're doing well. ;)
 
Our agreeing must have killed this topic. I guess agreeing on something isn't good for business.

I thought the topic was "Was a Big Deal Ever Possible" ? My Answer was "NO" the big deal or for that matter would any deal R or D solve the debt problem
 
it's looking like it will be exceedingly difficult to find any deal that is possible. I wonder if a big one would actually be easier than a little one since both sides could declare victory. a BBA for the revenue increases Boehner agreed to before the President reneged?
 
it's looking like it will be exceedingly difficult to find any deal that is possible. I wonder if a big one would actually be easier than a little one since both sides could declare victory. a BBA for the revenue increases Boehner agreed to before the President reneged?

Boehner and the republicans never negotiated in good faith, they intended from the start to take the country into default. It's time for President Obama to use section 4 of the 14th amendment to raise the debt ceiling
 
If the Tea Party didn't exist, I think a deal could've been brokered.

You can't make deals when someone says they'll never make a deal with you.

Can I ask this? If Boehner knows that the Senate won't pass his bill and that Obama won't sign it, the ONLY reason for passing it for political points, right?

So, you cannot feasibly argue that he is doing anything but trying to achieve political points. If he wanted to solve the problem, he'd craft a bill that could pass both houses and get signed. He could easily get a bill through the House if he would abandon the Republicans who abandoned him and instead ask the Democrats for something they'd be willing to vote on. But instead of being Speaker of the House, he is being Spokesmodel for the Republican Party.

That said, I think he was forced into it by the most-appropriately-named-ever freshmen class.
 
If the Tea Party didn't exist, I think a deal could've been brokered.

Which is why it's good they exist. There will be a deal but it will be different than the one we would have seen without them.

You can't make deals when someone says they'll never make a deal with you.

You are speaking about Obama right?

Can I ask this? If Boehner knows that the Senate won't pass his bill and that Obama won't sign it, the ONLY reason for passing it for political points, right?

What would be the reason for not signing it then?
 
Which is why it's good they exist. There will be a deal but it will be different than the one we would have seen without them.



You are speaking about Obama right?



What would be the reason for not signing it then?

Likely worse. The Tea Party IMHO has not been good for anything. Anger is not a movement, and they are too incoherent, contradictatory, and silly to really be positive.
 
Boehner and the republicans never negotiated in good faith, they intended from the start to take the country into default. It's time for President Obama to use section 4 of the 14th amendment to raise the debt ceiling

I agree, he should use his emergency powers to protect the nation's fragile recovery. Just heard on the news today that 401K's have already taken a hit on average of $4,300 because of the GOP's self-induced crisis.
 
Boehner and the republicans never negotiated in good faith, they intended from the start to take the country into default. It's time for President Obama to use section 4 of the 14th amendment to raise the debt ceiling

what BS. Republicans have now passed two measures to raise the debt ceiling and Boehner and Reid took the President a third plan which he rejected. The only actor in this that has refused everything and deliberately killed every deal he was offered was the President.

Even Reid is reportedly furious with his complete detachment on this issue.
 
Reid's plan includes bigger spending cuts than Boehner's plan.
 
Likely worse. The Tea Party IMHO has not been good for anything. Anger is not a movement, and they are too incoherent, contradictatory, and silly to really be positive.

Everybobdy should be angry. It's amazing that they aren't. So tell me. You aren't angry that you are going to be paying for Goldman Sachs fraud while they continue to rake in record profits?
 
what BS. Republicans have now passed two measures to raise the debt ceiling and Boehner and Reid took the President a third plan which he rejected. The only actor in this that has refused everything and deliberately killed every deal he was offered was the President.

Even Reid is reportedly furious with his complete detachment on this issue.

The republican party has not offered a compromise bill that could pass both houses, they have brokered bills that would further erode the middle class, in fact they are in a win win win position unless President Obama uses the section 4 of the 14th amendment to stop them. If he signs the bill they brokered he will have turned his own voter contingency against the democratic party, if he does not Boehmer and his lot can blame him for the default, the rise in interest rates can only help those who have money to invest to begin with.

Fortunately I think the poor, the middle class and seniors have a longer memory then the republicans give them credit for so continue to hold our earned benefits hostage and suffer the consequences in 2012

In my opinion President Obama and the dems have already given up too much and need to get tough with the carpet baggers opps I mean tea baggers running the republican party
 
The republican party has not offered a compromise bill that could pass both houses, they have brokered bills that would further erode the middle class, in fact they are in a win win win position unless President Obama uses the section 4 of the 14th amendment to stop them. If he signs the bill they brokered he will have turned his own voter contingency against the democratic party, if he does not Boehmer and his lot can blame him for the default, the rise in interest rates can only help those who have money to invest to begin with.

I'm missing what plan the Dems have offered up that can pass both houses. Now it seems that both did have the basis for a plan but Obama dismissed it.

Fortunately I think the poor, the middle class and seniors have a longer memory then the republicans give them credit for so continue to hold our earned benefits hostage and suffer the consequences in 2012

Many seniors would benefit from a bump in interest rates.
 
I'm missing what plan the Dems have offered up that can pass both houses. Now it seems that both did have the basis for a plan but Obama dismissed it.



Many seniors would benefit from a bump in interest rates.

How about the talks between President Obama and Speaker Boehner that Boehner walked out on, how about the talks between the gang of six that the republicans walked out on how about the talks between Reid and McConnell that McConnell walked out on. The republicans never negotiated in good faith and never intended to, This has never been about the budget or deficits it has always been about who would control the government big business or We The People.
 
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