Election day is coming..... - Page 2

EvilAerosolCan · #11 10-12-2008, 06:36 PM

Quote:

Originally Posted by Klister

good thing i don't have to vote then

reason I said that, is basically because I assume this gives him a different background.. which might give him a different look at how things should be done.
But ofcourse, this is something I assume, and I might be totally wrong about it. Anyways, it is just my opinion, which doesn't matter much

also, another thing I noticed: Dutch media seems to support obama more, we hardly see anything about McCain...

That's because the EU is mostly socialist now. To know his background, just look at his voting record. You can also look at who he associates with. William Ayers, Tony Rezko, Rev. Wright, Frank Marshall Davis, ACORN, Annenberg Challenge. I mean, come on, what kind of evidence do people need to realize O'Bama is not a nice guy. He is a socialist, socialism doesn't work. The economy does not need more regulation. Regulation got us into this mess in the first place. Look up "Community Reinvestment Act". We need to let the "free" market be exactly that.

Dark-Crenshaw · #12 10-12-2008, 07:20 PM

I just hope nothing happens to McCain health if he wins, I will not want to see Palin as the President, talk about clueless barbie doll.

EvilAerosolCan · #13 10-12-2008, 08:50 PM

Palin, a candidate for VP, has more experience than O'Bama, a candidate for PRESIDENT. Why do people always complain about Palin's inexperience, but when it's about O'Bama, it's okay because he's a "D.C. outsider" and he'll bring "change and hope". Then again, it took a Carter to get a Reagan.

Shademonger · #14 10-12-2008, 09:16 PM

Our country's downfall is probably going to be the two party system. The entire American mindset is so set in absolute black and white. If you aren't a Democrat, then most certainly you MUST be a Republican. If you don't like guns, then you must certainly be for strict gun control. If you don't like a charismatic, articulate young black guy, then you must be craving to vote for a stumbling old rich white dude.

I'm tired of having 100 different places to go buy a burger, and having only 2 candidates to legitimately vote for. And it's all about who has the money to spin things in their favor.

*gets off of soapbox*

Anyway, I'll be checking off "Democratic ticket" when I go in on election day, simply because I don't want to see a McCain Palin ticket. And there WAS a day that I actually did like McCain, way back in the day, until he became Mini-Bush

Klister · #15 10-12-2008, 09:37 PM

Quote:

Originally Posted by EvilAerosolCan

That's because the EU is mostly socialist now. To know his background, just look at his voting record. You can also look at who he associates with. William Ayers, Tony Rezko, Rev. Wright, Frank Marshall Davis, ACORN, Annenberg Challenge. I mean, come on, what kind of evidence do people need to realize O'Bama is not a nice guy. He is a socialist, socialism doesn't work. The economy does not need more regulation. Regulation got us into this mess in the first place. Look up "Community Reinvestment Act". We need to let the "free" market be exactly that.

hmm I'm getting confused now, from what I learned from the financial news, i thought it was the deregulation that had a big part in this financial crisis

am I misinformed?

EvilAerosolCan · #16 10-12-2008, 10:05 PM

Don't feel bad, most people are.

Just don't be fooled that it is all the Bush administration's fault. Like I said, google "Community Reinvestment Act" to see where the housing bubble was created. It was a bad idea created under Carter, and further perverted under Clinton. The CRA required banks to give more "affordable" loans to "low-income" borrowers. The reason they weren't lending money to these people in the first place is because, surprise, they couldn't afford to repay it. As debt catches up to people, foreclosures happen, and surprise, the bubble bursts. If the governement would have stayed out of the economy 20 years ago, we would be doing a lot better today. That's why I want them to stay out of it now.

DODswe4 · #17 10-12-2008, 10:15 PM

Actually I dont think its that black and white. Ofc its easy to say they should have done it like this when you know what happend afterwards. And to be honest what low-income housings needs arnt loans, if they need something is a small government subsidies if anything.

Klister · #18 10-12-2008, 10:20 PM

Quote:

Originally Posted by EvilAerosolCan

Don't feel bad, most people are.

Just don't be fooled that it is all the Bush administration's fault. Like I said, google "Community Reinvestment Act" to see where the housing bubble was created. It was a bad idea created under Carter, and further perverted under Clinton. The CRA required banks to give more "affordable" loans to "low-income" borrowers. The reason the weren't lending money to these people in the first place is because, surprise, they couldn't afford to repay it. As debt catches up to people, foreclosures happen, and surprise, the bubble bursts. If the governement would have stayed out of the economy 20 years ago, we would be doing a lot better today. That's why I want them to stay out of it now.

yeah that's what I heard. I was told that the banks then started to "cover" these unsafe loans into packages (combined with some safer mortgages so they could call it a safe package) and selling them to other banks...

EvilAerosolCan · #19 10-12-2008, 10:49 PM

Quote:

Originally Posted by DODswe4

Actually I dont think its that black and white. Ofc its easy to say they should have done it like this when you know what happend afterwards. And to be honest what low-income housings needs arnt loans, if they need something is a small government subsidies if anything.

Oh, but it is. Sure, there were other smaller factors, but forcing banks, through legislation, to get in the business of sub-prime mortgages is the biggest contributing factor to the downturn of the economy. Property values were inflated because of it. When people who shouldn't have been allowed to get mortgages, all of the sudden can, demand goes up. When demand goes up, so does price. Now all these people who got mortgages can't afford to repay them, and the market is fixing that. Property values are dropping down to what they should have been at before. The market is adjusting itself, or it would if the government would let it. All this bailout nonsense is just prolonging the problem and will make it worse in the future.

DODswe4 · #20 10-12-2008, 10:57 PM

To that I can agree, let it fix itself then you can do something about it. But sending in more money will only delay the problem, not solve it