Vote on Health Care NOW....get it over with.

[Carseller4]

How many bribes, backroom deals, rides on Air Force One, do we need to vote on this thing already?

There is only one way to know if the Democrats have the votes or not....by voting. I'm anxious to see how many political careers are destroyed by this one vote!

[DwightShrute]

How many bribes, backroom deals, rides on Air Force One, do we need to vote on this thing already?

There is only one way to know if the Democrats have the votes or not....by voting. I'm anxious to see how many political careers are destroyed by this one vote!

Pelosi won't ask for a vote until she's sure she has enough votes to pass it.

Amazingly, she also says that once it's passed, then we can go over it! WTF She is delusional.

[gimme2dollars]

That b*tch lives so far from reality it isn't even funny. I hope people wake up and vote her ass out next election.

[BigdaddyQH]

The Democrats do not have the votes now, and the longer they stall, the worse it will get. Now Pelosi is looking for another trick to get it passed. The desperation and complete and total disregard of the Constitution and the People of this nation by Obama/Pelosi/Reid is despicable. These desperate people must be removed from office. Pelosi will not lose her seat, but will lose her majority leadership if the Democrats keep this up. Reid will be defeated in his reelection attempt, as will Obama.

[morocca]

CONS always respond with insults, name-calling or by bringing up his middle name HUSSEIN. They don't have the depth of knowledge to respond to anything intelligently. Their only argument for against healthcare reform is "SOCIALISM"

Were you CONS as concerned when Bush 43 rammed 2 sets of tax cuts (thru reconcilation by the way), the Iraq War, & Medicare plan he couldn't pay for?...

As far as the constitution you referred to, Bush had no respect nor did he ever follow it....That "dangerous moment" (as you alluded to) in American history mercifully ended on 1/20/09 when the Bush nightmare concluded...

As far as President Obama on FOX News, he might as well go over and do an interview w/Ryan Seacrest on the "E" Network....It serves no purpose to go to that right wing propoganda outlet...Their audience are red staters who haven't voted for any Democrat in any election in their life...

I actually tuned in to FOX Noise on election night 2008....Man you should have seen those glum faces after Ohio was called for Obama (once McCain lost Ohio it was essentially over, though the race wasn't officially called til 11pm est.)

[itchypickle]

CONS always respond with insults, name-calling or by bringing up his middle name HUSSEIN. They don't have the depth of knowledge to respond to anything intelligently. Their only argument for against healthcare reform is "SOCIALISM"

Were you CONS as concerned when Bush 43 rammed 2 sets of tax cuts (thru reconcilation by the way), the Iraq War, & Medicare plan he couldn't pay for?...

As far as the constitution you referred to, Bush had no respect nor did he ever follow it....That "dangerous moment" (as you alluded to) in American history mercifully ended on 1/20/09 when the Bush nightmare concluded...

As far as President Obama on FOX News, he might as well go over and do an interview w/Ryan Seacrest on the "E" Network....It serves no purpose to go to that right wing propoganda outlet...Their audience are red staters who haven't voted for any Democrat in any election in their life...

I actually tuned in to FOX Noise on election night 2008....Man you should have seen those glum faces after Ohio was called for Obama (once McCain lost Ohio it was essentially over, though the race wasn't officially called til 11pm est.)

So let me guess...you get your news solely from that bastian of objectivity, MSNBC? Who cares if one network or the other slants in one direction. THINK FOR YOURSELF!! But if you want to base things off of that...its pretty sad when an entire night of Hardball or Maddow's audience barely keeps up with a saturday night in the fall at a good football game.

[Andy117]

So let me guess...you get your news solely from that bastian of objectivity, MSNBC? Who cares if one network or the other slants in one direction. THINK FOR YOURSELF!! But if you want to base things off of that...its pretty sad when an entire night of Hardball or Maddow's audience barely keeps up with a saturday night in the fall at a good football game.

What network do you find to be the most objective?

MSNBC = Fox just from a different perspective.

[morocca]

So let me guess...you get your news solely from that bastian of objectivity, MSNBC? Who cares if one network or the other slants in one direction. THINK FOR YOURSELF!! But if you want to base things off of that...its pretty sad when an entire night of Hardball or Maddow's audience barely keeps up with a saturday night in the fall at a good football game.

OK, again, for all you Faux "ratings" numskulls:

1 - Ratings are not a measure of quality or truth. They measure value in dollars and cents. Very important. Doesn't make Glenn Beck any saner, however.

2 - The right wingnut demographic -- yes, depressingly large -- has the Big Three Faux "journalists" on one network dedicated to their thinkless world view. BUT ........

3 - The seventy-million (70,000,000) +/- who voted for Barack Hussein Obama are stuck with only ABC, CBS, NBC, MSNBC, CNBC, CNN, PBS, BBC, NPR, Comedy Central, The History Channel ... and local programming for our news and commentary. That, and at least 8-10 legitimate journalists, political commentators, satirists, and even a few intelligent friends. And a couple of us even watch the loony-tune network to keep up with what Hannity, et al. are spewing. SO .............

4 - Keith doesn't get the same ratings. BFD.

[itchypickle]

What network do you find to be the most objective?

MSNBC = Fox just from a different perspective.

We agree here...notice I said how the slants go. Personally, I watch a little of all...MSNBC...CNN...Current...Fox..and read as much from all as I can. It's not hard to digest the spin from each pundit...and choose for myself what I agree or disagree with. And we both know..if we want to find out what the R's are saying...they are always guests on Fox...Rove, Pence, etc...and likewise....flip to 356 and there, you can pretty much count on seeing Weiner...Schumer...Dean...etc.

[itchypickle]

OK, again, for all you Faux "ratings" numskulls:

1 - Ratings are not a measure of quality or truth. They measure value in dollars and cents. Very important. Doesn't make Glenn Beck any saner, however.

2 - The right wingnut demographic -- yes, depressingly large -- has the Big Three Faux "journalists" on one network dedicated to their thinkless world view. BUT ........

3 - The seventy-million (70,000,000) +/- who voted for Barack Hussein Obama are stuck with only ABC, CBS, NBC, MSNBC, CNBC, CNN, PBS, BBC, NPR, Comedy Central, The History Channel ... and local programming for our news and commentary. That, and at least 8-10 legitimate journalists, political commentators, satirists, and even a few intelligent friends. And a couple of us even watch the loony-tune network to keep up with what Hannity, et al. are spewing. SO .............

4 - Keith doesn't get the same ratings. BFD.

You are absolutely right that it doesnt translate into truth -right or left- we have to just keep up with what news we can...and decide on our own if we favor one move over another. Yep..Hannity is way out there to the right....Beck is pretty much anti-both parties (conservative beliefs don't mean you are a Republican) and by the same token we can get the other fringe from Olberman, Schultz, Matthews..etc.

[Reno Paul]

I'd say focusing on getting people back to work should be more important by our government then trying to pass this watered down health care bill.

[andywend]

RenoPaul, I agree with you 100%.

In this tough economy, the federal government should be spending all of their time encouraging and helping people get back to work.

Offer tax benefits if necessary to small and big businesses alike to provide additional jobs for Americans to fill (most unemployed Americans are in the same group that make up the 10% that are NOT insured).

Get these people to work in full-time jobs and provide them with medical coverage.

People who are anxious to join the work force are certainly NOT the problem. Those that refuse to work and produce for society are.

[gimme2dollars]

RenoPaul, I agree with you 100%.

In this tough economy, the federal government should be spending all of their time encouraging and helping people get back to work.

Offer tax benefits if necessary to small and big businesses alike to provide additional jobs for
Americans to fill (most
unemployed Americans are in
the same group that make up
the 10% that are NOT insured).

Get these people to work in full time jobs and provide them with medical coverage.

People who are anxious to join the work force are certainly NOT
the problem. Those that refuse
to work and produce for society
are.

The problem with the dems and
this adminastration is that they
do not know the meaning of a
tax cut. Giving money back to
people that could truely do some
good with it is foreign to them.
This healthcare bill that they are
trying to ram through is just a
ploy to try and gain more control
of people's personal lives. They
are going to totally do away
with a system that a majority of
people would rather keep. It is a
minority of people that will be
served here. Isn't that ass-
backwards? These politicians
that are voting this through are
more concerned with their
legacy than with what they are
actually doing. They are in such
a rush to make their mark on history, that they are putting themselves before the will of the people.

[itchypickle]

I'd say focusing on getting people back to work should be more important by our government then trying to pass this watered down health care bill.

Exactly! Look at my post on the new jobs bill issue from a week ago. My wife and I are small business owners and the fact that we do the pass through tax puts us in that evil +$250k area...although our actual salaries from the businesses don't come near what total revenue is. Personally I don't believe the federal govt can 'create' permanent jobs...they can merely assist businesses in long term hires. The current offer to give us a tax credit of less than $5k to hire new employees is pretty hollow when you do the math. How does it benefit me to hire someone and pay them wages + taxes that equal 5x what the tax credit would be when operations are running just fine now. And the other side of the coin about let's raise taxes on businesses to benefit the consumer...well...guess what people..this HURTS the consumer since it will simply result in an increase of service fees...pricing..etc to make up the difference...so in essence..the consumer is actually paying for the hike. (what use to cost $39/month per customer...will now cost $42+....add the $3+ over all existing client base...and wham...thats where the funds come to pay the new tax).

[DwightShrute]

Government does not solve problems; it subsidizes them.
Ronald Reagan

[BigdaddyQH]

The fact reamins that Obama and his Liberal cronies are getting more desperate by the day. Going on Fox News? Who is he trying to kid? Is he trying to come off as a good guy?

No one can deny that Obama has thrown everything except healthcare on the back burner. He does not care about jobs. He does not care about the staggering budget defecit. He does not care about Foreign Ploicy. His entire life and existance is now based on healthcare.

This is the one fact that the Liberal/Socialist Democrats like Morocca can not deny. I dare them to deny that Obama's entire plitical life revolves around anything but healthcare. I dare them to show any of us one constructive thing he has done to ease the loss of jobs, which still is rising. I dare them to show us how he is going to save the nation money, when the defecit is climbing at an alarming rate. They can not do it, and they know it.

[Carseller4]

Looks like the ride on Air Force One was enough for the nutjob Kuchinich.

[DwightShrute]

Looks like the ride on Air Force One was enough for the nutjob Kuchinich.

no kidding

[nobull]

If President Obama is as bad as Fake News preaches every minute of every day, what does that make George W. Bush. A president that gutted America of jobs and economic stability and brought the country to the brink of a depression and the worst recession since the GREAT DEPRESSION, etc...... You don't even have to have a brain to see the agenda Fake News is up to.

********** President Hoover-R did NOTHING at all during the start of the GREAT DEPRESSION. The shanty towns that arose around the country were named "Hoovervilles" in his honor because people were angry that the gov't was not helping. Eventually they voted this loser out of office & replaced him with the greatest of all time, FDR. ************

And I take it that many of you think Obama will be a 1 termer?

[Hotdiggity11]

Looks like the ride on Air Force One was enough for the nutjob Kuchinich.

Actually, the inclusion of the Public Option was.

[andywend]

Democrats like Barney Frank and Chris Dodd are FAR MORE RESPONSIBLE for the recession that our country is going through then President Bush.

They insisted over and over again there was nothing wrong with Fannie Mae and Freddie Mac even though many republicans kept telling them of all the risks.

The fact remains things only started to get really bad AFTER DEMOCRATS TOOK BACK CONTROL OF CONGRESS in the 2006 mid-terms. Everything was just fine before they regained power.

Also, it has become crystal clear that Barack Obama and Ben Bernanke care far more about Wall Street (especially the banks) than main street with their refusal to consider raising interest rates to fight off inflation fears. Instead, they are keeping rates artificially low solely to pump up the stock market even though its weakening our dollar drastically.

If a republican was in the White House, liberals around the country would be screaming bloody murder about this.

Of course, left-wing lunatics like NoBull never mention any of these things.

[itchypickle]

OK, again, for all you Faux "ratings" numskulls:

1 - Ratings are not a measure of quality or truth. They measure value in dollars and cents. Very important. Doesn't make Glenn Beck any saner, however.

2 - The right wingnut demographic -- yes, depressingly large -- has the Big Three Faux "journalists" on one network dedicated to their thinkless world view. BUT ........

3 - The seventy-million (70,000,000) +/- who voted for Barack Hussein Obama are stuck with only ABC, CBS, NBC, MSNBC, CNBC, CNN, PBS, BBC, NPR, Comedy Central, The History Channel ... and local programming for our news and commentary. That, and at least 8-10 legitimate journalists, political commentators, satirists, and even a few intelligent friends. And a couple of us even watch the loony-tune network to keep up with what Hannity, et al. are spewing. SO .............

4 - Keith doesn't get the same ratings. BFD.

So I was perusing the news today and came across this nifty little link from the ratings agency. I gather you've done more looking into how MSNBC isn't 'really' in the dumps as far as following...so this didnt make much sense. I mean, to me, this reads like they ARE pretty much gasping for air in the cable news fight? Help me out if I am mistaken?

http://www.mediabistro.com/tvnewser/ratings/cable_network_rankings_fnc_2_msnbc_26_cnn_32_hln_37_in_prime_155302.asp

[morocca]

Gotta love right wing wacko annywendy talking out both sides of his ass.

He goes from blaming the poor minorities for the mortgage meltdown but defends helping them with downpayment to buy homes because Dumbya signed it into law. Typical neo-CONservaturd.

People who cant afford downpayments shouldnt be buying homes!!!!

When Dumbya wanted to invade Iraq, he lies and forged evidence to get it passed.
When Dumbya wanted to give the poor downpayment to buy homes, he got it passed.

Dumbya supposedly wanted to stop risky lending yet couldnt pass any laws? Maybe because he was too busy handing out millions to the poor to helping them buy homes; did nothing when SEC relaxed banking rules allowing banks to take on mountains of subprime debt; fired the chief Fannie Mae regulator because he published a critical review of sub prime loans ........ all because BUSH's political donors were raking in the cash due to subprime loans.



Lending money isnt welfare, retard. But handing them money is. If they cant scrap together $5000 for downpayment how will they afford mortgage, insurance, property taxes, utilities, etc? They couldnt.


Had Clinton or Obama passed this, you would create 100s of threads denouncing it and blaming it for the meltdown. Admit it, wacko turd anny.

[nobull]

It was Dumbya's policies such as The Downpayment Initiative, allowing SEC to deregulate banking, firing of Fannie Mae regulator and ignoring HUD regulators. Kinda funny that anti-poor wacko boy andy is defending Dumbya who passed the most wreckless welfare program in the history of the U.S.

[DwightShrute]

nothing you just said is true. not one word For those who want to read the facts rather than lies, please do so. Read away.

FACT:Bush Called For Reform of Fannie/Freddie 34 Times Since 2001

http://www.sodahead.com/business/bush-called-for-reform-of-fanniefreddie-34-times-since-2001/blog-16522/

The Carter-era Community Reinvestment ActCommunity Reinvestment Act forced banks to lend to uncreditworthy borrowers, mostly in minority areas.


Bush Called For Reform of Fannie Mae & Freddie Mac 34 Times Since Taking Office In 2001... Dems Ignored Warnings

Obama not only has ignored warnings but received over $129,000 from Fannie Mae and has 2 CEO's from Fannie Mae as his Economic Advisors.


For many years the President and his Administration have not only warned of the systemic consequences of financial turmoil at a housing government-sponsored enterprise (GSE) but also put forward thoughtful plans to reduce the risk that either Fannie Mae or Freddie Mac would encounter such difficulties. President Bush publicly called for GSE reform.

http://gatewaypundit.blogspot.com/2008/09/bush-called-for-ref...

** 2001

April: The Administration's FY02 budget declares that the size of Fannie Mae and Freddie Mac is "a potential problem," because "financial trouble of a large GSE could cause strong repercussions in financial markets, affecting Federally insured entities and economic activity.
"

** 2002

May: The President calls for the disclosure and corporate governance principles contained in his 10-point plan for corporate responsibility to apply to Fannie Mae and Freddie Mac.
(OMB Prompt Letter to OFHEO, 5/29/02)

** 2003

January: Freddie Mac announces it has to restate financial results for the previous three years.


February: The Office of Federal Housing Enterprise OversightOffice of Federal Housing Enterprise Oversight (OFHEO) releases a report explaining that "although investors perceive an implicit Federal guarantee of [GSE] obligations," "the government has provided no explicit legal backing for them." As a consequence, unexpected problems at a GSE could immediately spread into financial sectors beyond the housing market.
("Systemic Risk: Fannie Mae, Freddie Mac and the Role of OFHEO," OFHEO Report, 2/4/03)

September: Fannie Mae discloses SEC investigation and acknowledges OFHEO's review found earnings manipulations.


September: Treasury Secretary John Snow testifies before the House Financial Services Committee to recommend that Congress enact "legislation to create a new Federal agency to regulate and supervise the financial activities of our housing-related government sponsored enterprises" and set prudent and appropriate minimum capital adequacy requirements.


October: Fannie Mae discloses $1.2 billion accounting error.


November: Council of the Economic Advisers (CEA) Chairman Greg Mankiw explains that any "legislation to reform GSE regulation should empower the new regulator with sufficient strength and credibility to reduce systemic risk." To reduce the potential for systemic instability, the regulator would have "broad authority to set both risk-based and minimum capital standards" and "receivership powers necessary to wind down the affairs of a troubled GSE." (N.
Gregory MankiwGregory Mankiw, Remarks At The Conference Of State Bank Supervisors State Banking Summit And Leadership, 11/6/03)

** 2004

February: The President's FY05 Budget again highlights the risk posed by the explosive growth of the GSEs and their low levels of required capital, and called for creation of a new, world-class regulator: "The Administration has determined that the safety and soundness regulators of the housing GSEs lack sufficient power and stature to meet their responsibilities, and therefore…should be replaced with a new strengthened regulator." (2005 Budget Analytic Perspectives, pg.
83)

February: CEA Chairman Mankiw cautions Congress to "not take [the financial market's] strength for granted." Again, the call from the Administration was to reduce this risk by "ensuring that the housing GSEs are overseen by an effective regulator." (N.
Gregory Mankiw, Op-Ed, "Keeping Fannie And Freddie's House In Order," Financial Times, 2/24/04)

June: Deputy Secretary of Treasury Samuel BodmanSamuel Bodman spotlights the risk posed by the GSEs and called for reform, saying "We do not have a world-class system of supervision of the housing government sponsored enterprises (GSEs), even though the importance of the housing financial system that the GSEs serve demands the best in supervision to ensure the long-term vitality of that system. Therefore, the Administration has called for a new, first class, regulatory supervisor for the three housing GSEs: Fannie Mae, Freddie Mac, and the Federal Home Loan Banking System.
" (Samuel Bodman, House Financial Services Subcommittee on Oversight and Investigations Testimony, 6/16/04)

** 2005

April: Treasury Secretary John Snow repeats his call for GSE reform, saying "Events that have transpired since I testified before this Committee in 2003 reinforce concerns over the systemic risks posed by the GSEs and further highlight the need for real GSE reform to ensure that our housing finance system remains a strong and vibrant source of funding for expanding homeownership opportunities in America… Half-measures will only exacerbate the risks to our financial system." (Secretary John W. Snow, "Testimony Before The U.S.
House Financial Services Committee," 4/13/05)

In 2005-- Senator John McCain partnered with three other Senate Republicans to reform the government’s involvement in lending.

Democrats blocked this reform, too.


** 2007

July: Two Bear Stearns hedge funds invested in mortgage securities collapse.


August: President Bush emphatically calls on Congress to pass a reform package for Fannie Mae and Freddie Mac, saying "first things first when it comes to those two institutions. Congress needs to get them reformed, get them streamlined, get them focused, and then I will consider other options." (President George W.
Bush, Press Conference, The White House, 8/9/07)

September: RealtyTrac announces foreclosure filings up 243,000 in August – up 115 percent from the year before.


September: Single-family existing home sales decreases 7.5 percent from the previous month – the lowest level in nine years. Median sale price of existing homes fell six percent from the year before.


December: President Bush again warns Congress of the need to pass legislation reforming GSEs, saying "These institutions provide liquidity in the mortgage market that benefits millions of homeowners, and it is vital they operate safely and operate soundly. So I've called on Congress to pass legislation that strengthens independent regulation of the GSEs – and ensures they focus on their important housing mission. The GSE reform bill passed by the House earlier this year is a good start. But the Senate has not acted. And the United States Senate needs to pass this legislation soon." (President George W.
Bush, Discusses Housing, The White House, 12/6/07)

** 2008

January: Bank of America announces it will buy Countrywide.


January: Citigroup announces mortgage portfolio lost $18.1 billion in value.


February: Assistant Secretary David Nason reiterates the urgency of reforms, says "A new regulatory structure for the housing GSEs is essential if these entities are to continue to perform their public mission successfully.
" (David Nason, Testimony On Reforming GSE Regulation, Senate Committee On Banking, Housing And Urban Affairs, 2/7/08)

March: Bear Stearns announces it will sell itself to JPMorgan Chase.


March: President Bush calls on Congress to take action and "move forward with reforms on Fannie Mae and Freddie Mac. They need to continue to modernize the FHA, as well as allow State housing agencies to issue tax-free bonds to homeowners to refinance their mortgages." (President George W.
Bush, Remarks To The Economic Club Of New York, New York, NY, 3/14/08)

April: President Bush urges Congress to pass the much needed legislation and "modernize Fannie Mae and Freddie Mac. [There are] constructive things Congress can do that will encourage the housing market to correct quickly by … helping people stay in their homes." (President George W.
Bush, Meeting With Cabinet, the White House, 4/14/08)

May: President Bush issues several pleas to Congress to pass legislation reforming Fannie Mae and Freddie Mac before the situation deteriorates further.


"Americans are concerned about making their mortgage payments and keeping their homes. Yet Congress has failed to pass legislation I have repeatedly requested to modernize the Federal Housing Administration that will help more families stay in their homes, reform Fannie Mae and Freddie Mac to ensure they focus on their housing mission, and allow State housing agencies to issue tax-free bonds to refinance sub-prime loans." (President George W.
Bush, Radio Address, 5/3/08)

"[T]he government ought to be helping creditworthy people stay in their homes. And one way we can do that – and Congress is making progress on this – is the reform of Fannie Mae and Freddie Mac. That reform will come with a strong, independent regulator." (President George W.
Bush, Meeting With The Secretary Of The TreasurySecretary Of The Treasury, the White House, 5/19/08)

"Congress needs to pass legislation to modernize the Federal Housing Administration, reform Fannie Mae and Freddie Mac to ensure they focus on their housing mission, and allow State housing agencies to issue tax-free bonds to refinance subprime loans." (President George W.
Bush, Radio Address, 5/31/08)

June: As foreclosure rates continued to rise in the first quarter, the President once again asks Congress to take the necessary measures to address this challenge, saying "we need to pass legislation to reform Fannie Mae and Freddie Mac." (President George W. Bush, Remarks At Swearing In Ceremony For Secretary Of Housing And Urban Development, Washington, D.C.
, 6/6/08)

July: Congress heeds the President's call for action and passes reform of Fannie Mae and Freddie Mac as it becomes clear that the institutions are failing.


The financial meltdown that caused the current recession was along time in the making and was started by the Liberal Democratic President Jimmy Carter in 1977. The Fair Housing Act of 1968, the Equal Credit Opportunity Act of 1974 and the Home Mortgage Disclosure Act of 1975 I believe were factors in the financial meltdown, but the Community Reinvestment Act of 1977 passed by Liberal President Jimmy Carter and the Congress, controlled by liberals, was the real culprit.
The Community Reinvestment Act sought to address discrimination in loans made to individuals and businesses from low income neighborhoods. It also was passed as a result of national pressure to address the deteriorating conditions of American cities-particularly low-income and minority neighborhoods. Liberal Socialist activists, such as Gale Cincotta of the National People’s Action in Chicago, had led the national fight to pass, and later to enforce the Act.
While the Fair Housing Act and the Equal Credit Opportunity Act prohibit discrimination on the basis of race, sex, or other personal characteristics and the Home Mortgage Disclosure Act requires that financial institutions publicly disclose mortgage lending and application data. In contrast with those acts, the Community Reinvestment Act seeks to ensure the provision of credit to all parts of a community, regardless of the relative wealth or poverty of a neighborhood.
In their 1961 report, the U.S. Commission on Civil Rights found that black borrowers were often required to make higher down payments and adopt faster repayment schedules. Basically because they defaulted on their loans at a very high rate and are considered a high credit risk. The commission also documented blanket refusals to lend in particular areas (redlining). The “redlining” of certain neighborhoods originated with the Federal Housing Administration in the 1930s. The “residential security maps” created by the Home Owners’ Loan Corporation for the FHA were used by private and public entities for years afterwards to withhold mortgage capital from neighborhoods that were deemed “unsafe” or to black.
Some economists, politicians and other commentators have charged that the Community Reinvestment Act contributed in part to the 2008 financial crisis by encouraging banks to make unsafe loans mainly to minorities. Economist Stan Liebowitz wrote in the New York Post that a strengthening of the Community Reinvestment Act in the 1990s by Liberal Democratic President Bill Clinton encouraged a loosening of lending standards throughout the banking industry. He also charged the Federal Reserve with ignoring the negative impact of the Community Reinvestment Act.
In a commentary for CNN, Congressman Ron Paul, who serves on the United States House Committee on Financial Services, charged the Community Reinvestment Act with “forcing banks to lend to people who normally would be rejected as bad credit risks.” In other words blacks and other minorities.
In a Wall Street Journal opinion piece, economist Russell Roberts wrote that the Community Reinvestment Act subsidized low-income housing by pressuring banks to serve poor borrowers and poor regions of the country. Jeffrey A. Miron, a senior lecturer in economics at Harvard University, in an opinion piece for CNN, calls for “getting rid” of Fannie Mae and Freddie Mac, as well as policies like the Community Reinvestment Act that “pressure banks into subprime lending.” Which is what caused the financial meltdown and the current recession.
One bank president was quoted as saying for a longtime “There was a lot of pressure from Congress and generally everywhere to make homeownership affordable for poor and low-income people. Some mortgages were made that would not have ordinarily been made. When a bank made a decision to purchase mortgaged-backed securities, they would somehow determine if some of them were in zip codes covered by the Community Reinvestment Act, and therefore they could get CRA credit.”
So there it is in a nutshell!!! Liberals forced banks by law to loan money to blacks and minorities, who are poor-credit risks, so they could buy homes which the blacks and minorities eventually defaulted on that caused the economic meltdown and the current recession. No liberals and moderates seen the meltdown coming and everybody was powerless to stop it. So Americans now you know that it was the scumbag liberals, like Obama, and minorities who encouraged and caused the financial meltdown and the current recession!!!

[nobull]

Good thing Dumbya saw the mortgage meltdown coming and put a stop to risky lending by passing The Downpayment Initiative in 2003.



The CONservaturds of 1865 were far more liberal than even the liberals of today.

EVERYONE did their fair share of the work and there was no such thing as corporate welfare, no bid contracts or corporate handouts.

The CONservaturds of today are ABSOLUTELY USELESS. They are GUTLESS, SPINELESS JELLYFISH

They truly are a CANCER to the United States of America.


Most loudmouths such as annywenny are usually sexually frustrated or some other frustration in life and actually do not help the people in need.

[DwightShrute]

IRS To Be Charged With Levying Fines Against Americans Without Health Insurance
Digital News Report ^ | January 3, 2010 | Tim Edwards
Posted on Monday, January 04, 2010 4:00:36 PM by Sharkfish
Digital News Report – Besides collecting taxes and going after tax cheats, the Internal Revenue Service (IRS) will be going after Americans who do not purchase private health insurance.
The new health care legislation being debated in Congress will put the IRS in charge of making sure Americans purchase a health insurance policy. Those who don’t pay will be penalized because all Americans will be forced to purchase a policy.
Besides making sure citizens do buy insurance, the IRS will assess penalties on those who do not. They will also collect new fees from businesses and oversee enforcement.
Already understaffed and overburdened, the IRS will need more agents. The CBO estimates that the extra cost would be $5 to $10 billion over the first 10 years. So far, neither bill in the House or the Senate includes any funding this.


Just more government

[nobull]

There are no conservative politicians, don't be fooled by their childish antics. All politicians have the same thing in mind, special interests. They will never have respect or empathy for the 'lower class', they are there to suck the ever livin life out of us by using us as slaves. Sure we get a wage, but then they double/triple tax us so they can gain more control. They push their political agendas not having a care or concern of what the 'people' think or have to go through. Take off your blinders, they dems and reps are on the same side. They only squable to make it appear that there is balance, but it all one sided, them AGAINST the 'people'. I don't know how, but they have got us all mentaly whiped into thinking and believing politics works, but it doesn't. They get a little power and all they want to do is get more. There is NOTHING I or any one of us can do about it though, besides bitch and moan until the phony death panels decide it's time for us to die or until they declare marshal law

[DwightShrute]

I cant believe I am saying this ..

I agree with what you just said!

Hell is starting to freeze over I guess

[nobull]

Why did Dumbya pass this if he was soooooooooo worried?

Why did Dumbya pass this if he was soooooooooo worried?


American Dream Downpayment Initiative

The American Dream Downpayment Initiative (ADDI) was signed into law on December 16, 2003. The American Dream Downpayment Assistance Act authorizes up to $200 million annually for fiscal years 2004 - 2007. ADDI will provide funds to all fifty states and to local participating jurisdictions that have a population of at least 150,000 or will receive an allocation of at least $50,000 under the ADDI formula. ADDI will be administered as a part of the HOME Investment Partnerships Program, a formula grant program

ADDI aims to increase the homeownership rate, especially among lower income and minority households, and to revitalize and stabilize communities. ADDI will help first-time homebuyers with the biggest hurdle to homeownership: downpayment and closing costs. The program was created to assist low-income first-time homebuyers in purchasing single-family homes by providing funds for downpayment, closing costs, and rehabilitation carried out in conjunction with the assisted home purchase

http://www.hud.gov/offices/cpd/affor...ams/home/addi/

ADDI aimed to increase the homeownership rate, especially among lower income and minority households

Right, poor minorities with NO DOWNPAYMENT are such low credit risks.

[andywend]

NoBull,
The American Dream Downpayment Initiative was a HORRIBLE piece of legislation along with Bush's prescription drug bill.

I can NOT defend these pieces of legislation but what I have trouble understanding is why a compassionate liberal like yourself is opposed to them. If a democratic president introduced these bills, I am certain they would have met with your strong approval.

President Bush along with his father are extremely liberal republicans and their performances in the White House certainly attest to this.

All of the evidence Dwight provided proves beyond any doubt that the democrats are the ones responsible for our country's recession.

[morocca]

Isnt it just like andy the wacko to hide the fact that the Glass-Steagall Act was repealed by the Gramm-Leach-Bliley Act.... named after the three REPUBLICONS that introduced it? And the fact that CONS had a super majority in congress from '01 - '06 ( did nothing ) & the presidency '01 - '09. I know....... SHOCKING!



http://en.wikipedia.org/wiki/Governm...ortgage_crisis

The Securities and Exchange Commission (SEC) has conceded that self-regulation of investment banks contributed to the crisis. The SEC relaxed rules in 2004 that enabled investment banks to substantially increase the level of debt they were taking on, fueling the growth in mortgage-backed securities supporting subprime mortgages.[7][8]

The top five US investment banks each significantly increased their financial leverage during the 2004–2007 time period (see diagram), which increased their vulnerability to the MBS losses. These five institutions reported over $4.1 trillion in debt for fiscal year 2007, a figure roughly 30% the size of the U.S. economy. Three of the five either went bankrupt (Lehman Brothers) or were sold at fire-sale prices to other banks (Bear Stearns and Merrill Lynch) during 2008, creating instability in the global financial system. The remaining two converted to commercial bank models in order to qualify for Troubled Asset Relief Program funds (Goldman Sachs and Morgan Stanley).[9]

The SEC is also responsible for establishing financial disclosure rules. Critics have argued that disclosure throughout the crisis was ineffective, particularly regarding the health of financial institutions and the valuation of mortgage-backed securities.[10][11]

President Bush advocated the "Ownership society." and "he pushed hard to expand home ownership, especially among minorities, an initiative that dovetailed with his ambition to expand the Republican tent — and with the business interests of some of his biggest donors. But his housing policies and hands-off approach to regulation encouraged lax lending standards." He insisted that Fannie Mae and Freddie Mac (the GSE) meet low-income housing goals and advocated government loans to help low-income homeowners make down-payments. The Bush administration also replaced Fannie and Freddie's chief regulator in 2003 immediately after the regulator published a report warning of the risks posed by the GSE.[68]

[morocca]

hey annywendy, you idiot fuk, get your head out of cheney's ass for a second and look at how that fuc ker destroyed your country during his presidency, oops I meant Bush's presidency. anyway go shoot yourself and quit quoting & referencing dwight's stolen CONServatard lies, only bitter & angry gun clingon idiots like you actually believe that shi t

[shady610]

the only difference between bush and obama, is the celebrity factor. Since obama is a celebrity and bush is viewed as a politician, it makes it taboo to blame him for anything without backlash.

the bottom line is, it doesnt matter who WAS in office. It matters who IS in office. and currently the president isn't helping at all. taxes are being rasied. we are going into more and more debt. It should bother people that we dont want this bill, yet they keep pushing it.

check his approval rating. Remember anytime bush's went down? it was all over the news. but when obamas goes down, its almost a secret.

[shady610]

[quote=morocca;3634189]CONS always respond with insults, name-calling quote]



All these are from morocca


hey annywendy, you idiot fuk
Gotta love right wing wacko annywendy
When Dumbya wanted to invade Iraq, he lies and forged evidence to get it passed.
When Dumbya wanted to give the poor downpayment to buy homes, he got it passed.

Admit it, wacko turd anny

anyway go shoot yourself and quit quoting & referencing dwight's stolen CONServatard lies, only bitter & angry gun clingon idiots like you actually believe that shi t

Its things like this that i am a conservative. there is a certian maturity factor that conservatives have that the liberals dont. Look at the conservative posts, and then the liberal posts in here. there is a huge difference.