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Beth
The Key to your new home....
Member since 2/06 24849 total posts
Name:
Beth
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Re: Does anyone here still support Bush?
[
ok - well... 1st of all, interest rates are not only about mortgages. they also apply to bank accts, credit cards, auto loans, etc.
2nd - Alan Greenspan was appointed by Reagan. he served under Reagan, Bush 1, Clinton and GW.
I'm no fan of GW Bush, but I don't like when ppl blame him for everything - like it was his personal fault.
and all of those markets are effected now as well - no one is getting great money market rates, CC cards are raising rates for no reason- it's all connected
even business to business loans are in trouble
Greenspan might have served under all of them- but he was allowed to run wild after 9/11 to try to "fix" the economy
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Posted 4/24/08 8:09 PM  |
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luvsbob4603
To a healthy 2013
Member since 5/05 21840 total posts
Name:
To a brand new year to a healthier me
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Re: Does anyone here still support Bush?
I did vote for him, And now i'm regretting it.
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| Posted 4/24/08 8:13 PM |
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SweetestOfPeas
J'taime Paris!
Member since 3/06 32345 total posts
Name:
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Re: Does anyone here still support Bush?
Posted by Beth1210
[
ok - well... 1st of all, interest rates are not only about mortgages. they also apply to bank accts, credit cards, auto loans, etc.
2nd - Alan Greenspan was appointed by Reagan. he served under Reagan, Bush 1, Clinton and GW.
I'm no fan of GW Bush, but I don't like when ppl blame him for everything - like it was his personal fault.
and all of those markets are effected now as well - no one is getting great money market rates, CC cards are raising rates for no reason- it's all connected
even business to business loans are in trouble
Greenspan might have served under all of them- but he was allowed to run wild after 9/11 to try to "fix" the economy
I just looked it up - subprime mortgages have been around since '95.
a lot of ppl made a lot of money during the housing boom. I blame the lenders for fudging documents and allowing people to buy homes they had no business buying. as some point, common sense has to prevail and people need to take responsibility for their actions. GW is not responsible for corrupt lenders who are now paying the price that they deserve to.
JMO
eta: the economy has grown every year since 9/11. it's just the last couple of months that have been bad.
eta 2: if anything, GW is actually the one bailing out the banks and the buyers with specialized programs.
Message edited 4/24/2008 8:26:15 PM.
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| Posted 4/24/08 8:14 PM |
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Beth
The Key to your new home....
Member since 2/06 24849 total posts
Name:
Beth
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Re: Does anyone here still support Bush?
lenders would not have had the money to lend if it wasn't for deregulation
it's all connected
besides the housing market- there is the money being wasted on the war instead of being spent in the US
private contractors
Since launching the "global war on terror," the administration has funneled billions of public dollars to "private contractors" and more than doubled the size of the occupation with these hired guns.
you think the U.S. has only 160,000 troops in Iraq, think again.
With almost no congressional oversight and even less public awareness, the Bush administration has more than doubled the size of the U.S. occupation through the use of private war companies.
There are now almost 200,000 private "contractors" deployed in Iraq by Washington. This means that U.S. military forces in Iraq are now outsized by a coalition of billing corporations whose actions go largely unmonitored and whose crimes are virtually unpunished.
In essence, the Bush administration has created a shadow army that can be used to wage wars unpopular with the American public but extremely profitable for a few unaccountable private companies.
and let's not forget halliburton!
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| Posted 4/24/08 8:33 PM |
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SweetestOfPeas
J'taime Paris!
Member since 3/06 32345 total posts
Name:
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Re: Does anyone here still support Bush?
Posted by Beth1210
lenders would not have had the money to lend if it wasn't for deregulation
it's all connected
I'm just going to respond to the mortgage issue - the war I agree with you 100%
so I read the 2 blogs posted above... I still don't understand what exactly was "de-regulated"?
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| Posted 4/24/08 8:42 PM |
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SweetestOfPeas
J'taime Paris!
Member since 3/06 32345 total posts
Name:
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Re: Does anyone here still support Bush?
what I find strange is that no one was complaining during the housing boom - only us potential buyers lol
sellers, lenders, brokers, etc were making money hand over fist.
but now that it bottomed out - everyone is complaining. it's called a correction. the economy has always corrected itself.
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| Posted 4/24/08 8:46 PM |
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Beth
The Key to your new home....
Member since 2/06 24849 total posts
Name:
Beth
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Re: Does anyone here still support Bush?
Posted by SweetestOfPeas
Posted by Beth1210
lenders would not have had the money to lend if it wasn't for deregulation
it's all connected
I'm just going to respond to the mortgage issue - the war I agree with you 100%
so I read the 2 blogs posted above... I still don't understand what exactly was "de-regulated"?
this explains it
Back in the 1960’s and 1970’s, lenders who refused to lend to people with risky financial portfolios were accused of “redlining” — which was the supposed practice of refusing to lend to anyone within certain geographic areas, usually areas dominated by minorities — or of outright racism in their lending practices. In reality, what lenders were usually doing was responding in a rational way to both the prospective borrowers in question, and the rules and regulations they were forced to deal with.
First of all, poor people, whether they’re minorities or not, are not good credit risks. They aren’t regularly employed, they don’t have significant assets, and they usually have financial obligations that make the idea of being able to meet a mortgage payment often unrealistic. Lending someone in such an economic state hundreds of thousands of dollars to buy a home would be an incredibly stupid business decision, unless the loan were structured in such a way as to protect the lender from the increased risk of default.
And that’s where # 2 comes in…….
Second, because of banking and lending regulations in the 1960s and 70s, lenders were often restricted in the terms they could offer to borrowers. Interest rates, typically the best way of counteracting credit risk, if not capped, were at least highly regulated, and banks were not permitted to offer anything much more than the typical 30 year fixed rate conventional loan.
When the mortgage industry was deregulated, thanks in part to the people who were complaining about so called “redlining” and discriminatory lending, lenders were able to non-traditional mortgages that permitted people who otherwise would have been locked out of the opportunity to purchase a home the ability to do so. One can argue about whether or not people like this are making the right choice when they take on the responsibility of home ownership, but they’re all adults, and, in the end, they’re the ones who accept financial responsibility when they sign on the dotted line.
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| Posted 4/24/08 8:46 PM |
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SweetestOfPeas
J'taime Paris!
Member since 3/06 32345 total posts
Name:
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Re: Does anyone here still support Bush?
Posted by Beth1210
Posted by SweetestOfPeas
Posted by Beth1210
lenders would not have had the money to lend if it wasn't for deregulation
it's all connected
I'm just going to respond to the mortgage issue - the war I agree with you 100%
so I read the 2 blogs posted above... I still don't understand what exactly was "de-regulated"?
this explains it
Back in the 1960’s and 1970’s, lenders who refused to lend to people with risky financial portfolios were accused of “redlining” — which was the supposed practice of refusing to lend to anyone within certain geographic areas, usually areas dominated by minorities — or of outright racism in their lending practices. In reality, what lenders were usually doing was responding in a rational way to both the prospective borrowers in question, and the rules and regulations they were forced to deal with.
First of all, poor people, whether they’re minorities or not, are not good credit risks. They aren’t regularly employed, they don’t have significant assets, and they usually have financial obligations that make the idea of being able to meet a mortgage payment often unrealistic. Lending someone in such an economic state hundreds of thousands of dollars to buy a home would be an incredibly stupid business decision, unless the loan were structured in such a way as to protect the lender from the increased risk of default.
And that’s where # 2 comes in…….
Second, because of banking and lending regulations in the 1960s and 70s, lenders were often restricted in the terms they could offer to borrowers. Interest rates, typically the best way of counteracting credit risk, if not capped, were at least highly regulated, and banks were not permitted to offer anything much more than the typical 30 year fixed rate conventional loan.
When the mortgage industry was deregulated, thanks in part to the people who were complaining about so called “redlining” and discriminatory lending, lenders were able to non-traditional mortgages that permitted people who otherwise would have been locked out of the opportunity to purchase a home the ability to do so. One can argue about whether or not people like this are making the right choice when they take on the responsibility of home ownership, but they’re all adults, and, in the end, they’re the ones who accept financial responsibility when they sign on the dotted line.
ok so - who was directly responsible for lifting the regulation from the 60's & 70's?
I agree 1000000% with the last sentence you posted:
"One can argue about whether or not people like this are making the right choice when they take on the responsibility of home ownership, but they’re all adults, and, in the end, they’re the ones who accept financial responsibility when they sign on the dotted line."
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| Posted 4/24/08 8:53 PM |
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Beth
The Key to your new home....
Member since 2/06 24849 total posts
Name:
Beth
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Re: Does anyone here still support Bush?
ok so - who was directly responsible for lifting the regulation from the 60's & 70's?
I agree 1000000% with the last sentence you posted:
"One can argue about whether or not people like this are making the right choice when they take on the responsibility of home ownership, but they’re all adults, and, in the end, they’re the ones who accept financial responsibility when they sign on the dotted line."
that's when the regulations were put into place
the government knew what was going on with banks and they didn't step in until it was a mess-
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| Posted 4/24/08 8:58 PM |
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Pooka
Oh Happy Day!!
Member since 11/06 5689 total posts
Name:
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Re: Does anyone here still support Bush?
I never voted for him! And I say it proudly!
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| Posted 4/24/08 9:00 PM |
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dm24angel
Happiness
Member since 5/05 34581 total posts
Name:
Donna
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Re: Does anyone here still support Bush?
honestly I feel like his presidency is one of the biggest mistakes in American History, that how stongly I feel about thinking is a MESS. A total mess and Im dissapointed in our Country for re-electing him.
Seeing what Al Gore has gone on to do for our country, Our earth..I think he would have saved us....
Anyone who supports him, I would love to know WHY? If anyone can prove or make a point that we are a better country, even the SAME country we were before he was elected, I would love to hear it.
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| Posted 4/24/08 9:01 PM |
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SweetestOfPeas
J'taime Paris!
Member since 3/06 32345 total posts
Name:
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Re: Does anyone here still support Bush?
Posted by Beth1210
ok so - who was directly responsible for lifting the regulation from the 60's & 70's?
I agree 1000000% with the last sentence you posted:
"One can argue about whether or not people like this are making the right choice when they take on the responsibility of home ownership, but they’re all adults, and, in the end, they’re the ones who accept financial responsibility when they sign on the dotted line."
that's when the regulations were put into place
the government knew what was going on with banks and they didn't step in until it was a mess-
so wait - if these regulations were lifted in the 60's or 70's, I don't understand how GW is resposible for de-regulation.
I don't agree with what the Gov't is doing now. I don't shed any tears for lenders or people who made bad decisions. I chose to sit out the "housing boom" and stay in a 1 bedroom apt. that was my choice. and now so many people who made bad decisions, are being bailed out. it's not fair!
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| Posted 4/24/08 9:07 PM |
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Re: Does anyone here still support Bush?
Posted by dm24angel
honestly I feel like his presidency is one of the biggest mistakes in American History, that how stongly I feel about thinking is a MESS. A total mess and Im dissapointed in our Country for re-electing him.
Seeing what Al Gore has gone on to do for our country, Our earth..I think he would have saved us....
Anyone who supports him, I would love to know WHY? If anyone can prove or make a point that we are a better country, even the SAME country we were before he was elected, I would love to hear it.
Me too!!!!
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| Posted 4/24/08 9:09 PM |
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Beth
The Key to your new home....
Member since 2/06 24849 total posts
Name:
Beth
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Re: Does anyone here still support Bush?
so wait - if these regulations were lifted in the 60's or 70's, I don't understand how GW is resposible for de-regulation.
I don't agree with what the Gov't is doing now. I don't shed any tears for lenders or people who made bad decisions. I chose to sit out the "housing boom" and stay in a 1 bedroom apt. that was my choice. and now so many people who made bad decisions, are being bailed out. it's not fair!
no- the regulations were made back then
and lifted recently
that's why you only mortgage option used to be a 30year fixed
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| Posted 4/24/08 9:10 PM |
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sticklee
LIF Adult
Member since 8/06 2984 total posts
Name:
Stick
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Re: Does anyone here still support Bush?
i don't "support" him but like sweetestofpeas, i don't like when every problem in the world is blamed on him. he's become a scapegoat for everything
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| Posted 4/24/08 9:19 PM |
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lorimarie
AHHHHHHHHHH!!!!!!!!!!!
Member since 5/05 3753 total posts
Name:
Lori
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Re: Does anyone here still support Bush?
Here is my issue with him.........
THE WAR..........
We've spent BILLIONS of dollars on a war that at this point is useless. These people do not want OUR help, never wanted it so why is Georgie spending billions of dollars there when he should be spending it ON HIS OWN PEOPLE!!!!!
How about affordable healthcare?
Money for cancer research?
Money for education - hey, these kids are AMERICA"S future........
*stepping off soapbox now* 
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| Posted 4/24/08 9:35 PM |
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KartveliT
...
Member since 1/08 8363 total posts
Name:
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Re: Does anyone here still support Bush?
Posted by Beaver2be
heres my take on it
Somewhere in Texas a village is missing its idiot
 That's my take too I am not a citizen so I can't vote YET,but I was shocked when he got re-elected
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| Posted 4/25/08 12:04 AM |
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KartveliT
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Member since 1/08 8363 total posts
Name:
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Re: Does anyone here still support Bush?
Posted by lorimarie
Here is my issue with him.........
THE WAR..........
We've spent BILLIONS of dollars on a war that at this point is useless. These people do not want OUR help, never wanted it so why is Georgie spending billions of dollars there when he should be spending it ON HIS OWN PEOPLE!!!!!
How about affordable healthcare?
Money for cancer research?
Money for education - hey, these kids are AMERICA"S future........
*stepping off soapbox now*
agree
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| Posted 4/25/08 12:05 AM |
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Colie
LIF Adolescent
Member since 7/07 507 total posts
Name:
Colie
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Re: Does anyone here still support Bush?
I SUPPORT HIM.
Message edited 4/25/2008 12:14:04 AM.
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| Posted 4/25/08 12:13 AM |
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Re: Does anyone here still support Bush?
Posted by lorimarie
Here is my issue with him.........
THE WAR..........
We've spent BILLIONS of dollars on a war that at this point is useless. These people do not want OUR help, never wanted it so why is Georgie spending billions of dollars there when he should be spending it ON HIS OWN PEOPLE!!!!!
How about affordable healthcare?
Money for cancer research?
Money for education - hey, these kids are AMERICA"S future........
*stepping off soapbox now*
everytime I hear someone can't get something covered by insurance, I think, but we have money for the war. Everytime I hear a child denied a needed service because the district is over budget, I think the same thing. Everytime I think of where my tax money went, why our gas prices are so high that there will never be a way someone can get to work without worrying if their gas tank will hold out until payday, so they can buy more gas, I can't help think of this goddam war and who's in charge of it....
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| Posted 4/25/08 8:00 AM |
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CathyB
Member since 5/05 19403 total posts
Name:
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Re: Does anyone here still support Bush?
I'm not his biggest fan, but I don't blame him for everything that people perceive as wrong with America. We do still have checks & balances in this country, he's really not that powerful to be able to impact everything.
I also don't think that if Gore had been President he would have done all this good for the country. He had a lot of time on his hands to put together his little power point presentation. He would not have had the support in Congress to get a lot of his ideas passed through. So I think that he actually has had MORE influence over people not being the president.
And I question if a Democratic president will REALLY pull out of Iraq as quickly as they are professing right now, or will it become the usual backpeddling and "new information" will come to light.
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| Posted 4/25/08 8:28 AM |
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juanvi
Get Out!
Member since 10/06 4463 total posts
Name:
Christina
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Re: Does anyone here still support Bush?
never voted for him. he won the 1st election? al gore should still be our pres now. and yes kerry would have been better than this dumb , corrupt, evil jerk head
and
those who simply say "I suppot him" that's all you say. No reasons as to why? You have to admit...he was a mistake
Message edited 4/25/2008 9:17:36 AM.
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| Posted 4/25/08 9:12 AM |
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runlikethewind
Love my babies!
Member since 12/06 2941 total posts
Name:
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Re: Does anyone here still support Bush?
Posted by ave1024
For all the people that claim they would never vote for Bush and that he is useless:
Do you really think we would have been better off with John freakin' Kerry? LOL
And don't say "well he couldn't be much worse"... because honestly it could ALWAYS be worse. 
agreed.......GWB is not a hero, but I can only imagine the alternative.
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| Posted 4/25/08 6:42 PM |
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donegal419
St. Gerard, pray for us.
Member since 7/07 7650 total posts
Name:
K
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Re: Does anyone here still support Bush?
Posted by CathyB
I'm not his biggest fan, but I don't blame him for everything that people perceive as wrong with America. We do still have checks & balances in this country, he's really not that powerful to be able to impact everything.
I also don't think that if Gore had been President he would have done all this good for the country. He had a lot of time on his hands to put together his little power point presentation. He would not have had the support in Congress to get a lot of his ideas passed through. So I think that he actually has had MORE influence over people not being the president.
And I question if a Democratic president will REALLY pull out of Iraq as quickly as they are professing right now, or will it become the usual backpeddling and "new information" will come to light.
Very well said!
I am not a fan of GW, I didn't vote for him either time... The war in Iraq has been a HUGE disaster and in his quest to end terrorism, I believe he has actually put us at greater risk.
HOWEVER, Obama and Hillary scare the crap out of me and neither one of them are getting my vote...
January 20, 2009 will be a scary day, IMO, regardless of who is voted in.
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| Posted 4/25/08 7:47 PM |
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astroqueen74
Vibrant Health
Member since 1/07 2822 total posts
Name:
Karina
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Re: Does anyone here still support Bush?
never did!
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| Posted 4/25/08 8:14 PM |
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